Examples of Phase II Premises in a sentence
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Notwithstanding anything to the contrary set forth in this Lease, Tenant shall not be responsible for Tenant’s Share of Direct Expenses applicable to the Phase I Premises during the first twelve (12) full calendar months after the Phase I Premises Lease Commencement Date or applicable to the Phase II Premises during the first twelve (12) full calendar months after the Phase II Premises Lease Commencement Date.
Tenant agrees that is shall commence and complete the portion of the Tenant Improvements respecting the Phase I Premises and the portion of the Tenant Improvements respecting the Phase II Premises substantially concurrently, and shall complete the Tenant Improvements respecting the Phase II Premises no later than June 1, 2016.
The remedy set forth above shall be Tenant’s sole remedy in the event of a delay in delivering possession of the Phase II Premises to Tenant.
Tenant may utilize up to $200,000 of the Landlord Contribution of the Phase II Premises at any time prior to July 31, 2004 for improvements to the Premises made by Tenant.