Deliverable Condition definition
Examples of Deliverable Condition in a sentence
In the event that Lessor shall not be able to give possession of the Demised Premises in the Deliverable Condition to the Lessee on (or before) December 1, 2003 for any reason, then Lessor, its Agent (“Agent” hereinafter defined) and employees shall not be liable or responsible for any claims, damages, or liabilities arising in connection therewith or by reason thereof, nor shall Lessee be excused from its obligations to perform under the Lease.
If after ten (10) business days of Lessor’s receipt of Lessee’s intent to terminate the Lease (if and only if during the period of time prescribed above in this paragraph) due to the foregoing, the Lessor is still unable to give possession of the Demised Premises to the Lessee in the Deliverable Condition, the Lease shall be deemed terminated.
Subject to delivery by Landlord of the Premises in Deliverable Condition, Tenant (i) accepts the Premises and the Building in its current AS IS condition, and (ii) acknowledges that Tenant is not relying on any representations or warranties by any person regarding the Premises or the Building, except as expressly provided herein.
The Rent due/credited for such partial month shall be calculated from the date of delivery of the Expansion Area to the Lessee in the Deliverable Condition until the first (1st) day of the month immediately following such date of delivery, payable in advance, as specified above.
The “Commencement Date” shall be the date on which Landlord notifies Tenant that the Premises are in Deliverable Condition.