First Expansion Commencement Date shall be deemed to be the earlier of: (a) the date Tenant, or any person occupying any portion of the First Expansion Space, commences business operations from the First Expansion Space; or (b) the first (1st) business day following the date of Landlord’s delivery of the First Expansion Space to Tenant.
First Expansion Commencement Date means the earlier of (a) the date of Substantial Completion of the Tenant's Improvements for the First Expansion Space, or (b) the date the Tenant's Improvements for the First Expansion Space would have been substantially completed in accordance with the definition of Substantial Completion but for Tenant Delays.
First Expansion Commencement Date is the date upon which possession of the First Expansion Space is delivered to Tenant."
Examples of First Expansion Commencement Date in a sentence
As used herein and in the Lease, "Initial Term" hereafter shall mean and refer to the period beginning on the First Expansion Commencement Date and ending on the Extended Lease Expiration Date as in effect immediately following the execution of this First Amendment.
Tenant will give Landlord written notice of Tenant's election to exercise the First Option, which notice shall designate the First Expansion Premises, at least twelve (12) months, but not more than fourteen (14) months, prior to the First Expansion Commencement Date.
For example, if the Extended Term Commencement Date occurs on February 12, 1993, the First Expansion Commencement Date shall occur on July 1, 1994.
As used herein and in the Lease, "Initial Term" hereafter shall mean and refer to the period beginning on the First Expansion Commencement Date and ending on the Extended Lease Expiration Date (i.e., December 31, 2011).
Similarly, all First Expansion OBS Costs shall be paid in the same manner, 50% prior to Landlord commencing work and 50% on the First Expansion Commencement Date.
More Definitions of First Expansion Commencement Date
First Expansion Commencement Date shall be December 1, 2010 and on such date, the Existing Premises shall be expanded to include approximately 10,242 rentable square feet of the Expansion Premises. The “Second Expansion Commencement Date” shall be June 1, 2011 and on such date, the Premises shall be expanded to include the remaining approximately 10,241 rentable square feet of the Expansion Premises. The Term of the Lease for the Expansion Premises shall expire eight (8) years and one (1) month from the First Expansion Commencement Date and the “Lease Expiration Date” (as set forth in Section 1.1 of the Lease) shall be defined as December 31, 2018.
First Expansion Commencement Date means the later of (i) December 1, 2013 (the “First Expansion Target Date”), or (ii) the 120th day following the date on which Landlord delivers the First Expansion Premises to Tenant or such earlier date on which Tenant commences business operations within the First Expansion Premises. Landlord will use commercially reasonable efforts to deliver the First Expansion Premises to Tenant on or before October 1, 2013 (the “First Expansion Delivery Target Date”). In the event that Landlord does not deliver the First Expansion Premises to Tenant on or before the First Expansion Delivery Target Date, Base Rent allocable to the First Expansion Premises will be abated for an additional number of days following the First Expansion Delivery Target Date equal to two times the number of days beginning on the day following First Expansion Delivery Target Date until the day on which the First Expansion Premises are so delivered.
First Expansion Commencement Date shall be the day Landlord tenders possession of the First Expansion Premises to Tenant with the First Expansion Improvements Substantially Complete. If delivery of possession is delayed by any action or inaction of Tenant or its agents, employees or contractors, then the First Expansion Commencement Date shall be the date that the First Expansion Commencement Date would have occurred but for such delay. Tenant shall execute and deliver to Landlord written acknowledgment of the actual First Expansion Commencement Date within ten (10) days after Tenant takes occupancy of the First Expansion Premises, in the form attached as Exhibit C hereto. Failure to execute and deliver such acknowledgment, however, shall not affect the First Expansion Commencement Date or Landlord’s or Tenant’s liability hereunder. Failure by Tenant to obtain validation by any medical review board or other similar governmental licensing of the First Expansion Premises required for the Permitted Use by Tenant shall not serve to extend the First Expansion Commencement Date.
First Expansion Commencement Date as defined in Section 34.1(b).
First Expansion Commencement Date. See Section 2.7.
First Expansion Commencement Date shall be the last to occur of (i) January 31, 1997 (the "First Expansion Construction Completion Date"), or (ii) the day following the date on which the First Expansion Space is "ready for occupancy" as hereafter provided. Notwithstanding the foregoing, if Tenant's personnel shall occupy all or any part of the First Expansion Space for the conduct of its business prior to the First Expansion Commencement Date, such date shall for all purposes of this Lease be the First Expansion Commencement Date. The Tenant shall, upon demand of the Landlord, execute a certificate confirming the First Expansion Commencement Date as it is determined in accordance with the provisions of this paragraph.
First Expansion Commencement Date. See SECTION 2.7.