Required Delivery Condition definition

Required Delivery Condition means (i) the steel structure has been constructed, (ii) the concrete slab and decks have been poured, and (iii) fireproofing is complete. Landlord shall cause the Required Delivery Condition to be achieved by November 1, 2016 (as such date may be extended due to Tenant Delays and up to ninety (90) days of Force Majeure). If Landlord is unable to so deliver possession of the Leased Premises to Tenant in the agreed condition on or before the such date (as extended, if applicable), Landlord shall not be in default under this Lease, nor shall this Lease be void, voidable or cancelable by Tenant until the lapse of a delivery grace period of one hundred twenty (120) days after such date (as extended, if applicable). If Landlord is unable to deliver possession of the Leased Premises in the agreed condition to Tenant within the described delivery grace period (including any extension thereof by reason of Tenant Delays and up to ninety (90) days of Force Majeure), then Tenant shall be entitled to terminate this Lease by written notice delivered to Landlord within ten (10) days after the expiration of the delivery grace period (as extended, if applicable), and in no event shall Landlord be liable in damages to Tenant for such delay except as provided in Paragraph 2.8(c) below.
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Required Delivery Condition has the meaning set forth in Work Agreement.
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Required Delivery Condition means, (A) with respect to the Initial Premises (other than the 2nd Floor Premises), Landlord’s Initial Work (exclusive of the Base Building Condition Cap Work) is substantially complete (and with respect to the Demolition Work, in accordance with the Demolition Plan) for the Initial Premises (exclusive of the 2nd Floor Premises) and the Initial Premises is vacant and broom clean, (B) with respect to the 2nd Floor Premises, Landlord’s Initial Work (exclusive of the Base Building Condition Cap Work) is substantially complete in accordance with the Demolition Plan for the 2nd Floor Premises and the 2nd Floor Premises is vacant and broom clean, (C) with respect to the Lobby, the Lobby Renovations Work is substantially complete in accordance with the Lobby Renovations Plan, (D) with respect to the Amenity Space, the Amenity Space Renovations Work is substantially complete in accordance with the Amenity Space Plan, and (E) with respect to any Must Take Expansion Premises, the Demolition Work is substantially complete in accordance with the Demolition Plan for such Must Take Expansion Premises, the Base Building Condition Work is complete for such Must Take Expansion Premises and such Must Take Expansion Premises is vacant and broom clean.
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Examples of Required Delivery Condition in a sentence

  • Notwithstanding anything to the contrary herein, Tenant is not obligated to pay Rent and other sums under this Lease or to perform any of the covenants and conditions herein contained until the Leased Premises have been delivered in the Required Delivery Condition.

  • Promptly upon Tenant delivering to Landlord Final Plans with respect to each of the Lobby Renovations Work and the Amenity Space Renovations Work to Landlord, Landlord shall use all commercially diligent efforts to substantially complete the Lobby Renovations Work and the Amenity Space Renovations Work and deliver both in the Required Delivery Condition on or before the Final Target Delivery Date (and Landlord shall notify Tenant thereof pursuant to the Completion Mechanism).

  • Within ninety (90) days following the completion of each Component of Landlord’s Work in the Required Delivery Condition, Landlord shall provide Tenant with a final accounting in reasonable detail, together with all backup and supporting materials reasonably requested by Tenant, prepared by Landlord for all amounts incurred in connection with such Component of Landlord’s Work.

  • As used in this Section 3.3(a), the phrase “not available to be delivered” or similar phrases mean that Landlord has not tendered possession and delivery of the Initial Premises in the Required Delivery Condition, subject to Tenant’s rights to delay acceptance of delivery and possession of the Final Delivery Block as set forth in Section 1.13(b)(ii) of the Work Agreement.

  • For purposes of illustration only, if the Effective Date is April 30, 2020, the Delivery Date for the Preschool Improvements in the Required Delivery Condition would be on or before October 31, 2021.

  • As used in the Lease and the Work Agreement, the phrase “available for delivery” and similar phrases means that the Initial Premises is in the Required Delivery Condition and delivery and possession has been tendered by Landlord to Tenant, subject to Tenant’s rights to delay acceptance of delivery and possession of the Final Delivery Block as provided above.

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More Definitions of Required Delivery Condition

Required Delivery Condition means (i) the steel structure has been constructed, (ii) the concrete slab and decks have been poured, (iii) the roof of the Building has been installed, and (iv) the exterior skin of the Building is water tight. If the Delivery Date has not occurred by December 1, 2016 due solely to delays caused by Landlord, and provided that Tenant either (A) has not made the Early Access Election described in Paragraph 2.4(b) below, or (B) is using Devcon as its Tenant Improvement Contractor (as defined in the Work Letter), then Tenant shall be entitled to a credit against Base Monthly Rent (the “Rent Credit”) equal to $13,500 per day for each day after December 1, 2016 (subject to a thirty (30) day grace period) until the Delivery Date occurs (excluding any periods of delay caused by Tenant Delay (as defined in the Work Letter)), but only to the extent such delay in the Delivery Date causes Tenant’s completion of the Tenant Improvements to be delayed past March 1, 2017. Building D
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Required Delivery Condition means all improvements listed in Exhibit 2 of this License Agreement shall be completed, all services required for Licensee’s use and occupancy of the Licensed Premises for its intended use shall be available and the entirety of the Licensed Premises shall otherwise be ready for Licensee’s use for its intended purpose. If the Term Commencement Date is delayed until after May 15, 2018, then Licensee shall receive four (4) days abatement of the License Fee and all other charges payable by Licensee under this Agreement (collectively, the “Abatements”) for each day of such delay (collectively the “Delay”). Licensee shall owe no License Fee or any other charges otherwise payable by Licensee under this Agreement for any days during the Delay in which Licensee does not have access to the Licensed Premises in the Required Delivery Condition. Further, beginning with the License Fee and other amounts owed by Licensee for the nineteenth month of occupancy (and beyond as applicable), Licensee shall be entitled to credit all such Abatements against amounts owed by Licensee until all such Abatements have been fully exhausted. Notwithstanding the foregoing, Licensor and Licensee agree that Licensee is entitled to five (5) days of abatement and therefore Licensor shall credit Licensee $42,145 in the nineteenth (19th) month of the Term of the License Agreement. Licensee shall not be entitled to any additional Abatements or payments.”
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Required Delivery Condition means that each applicable floor or portion of a floor comprising the Premises has been delivered to Tenant (a) free of tenants or other occupants, (b) with the Base Building Systems in good condition and repair, and (c) in broom-clean condition, without any debris, personal property or trade fixtures of any prior occupant.
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Required Delivery Condition means (1) the Expansion Space is vacant and free of all tenancies; (2) the structural and non-structural components of the Expansion Space existing as of the Effective Date (exclusive of any modifications or improvements made by Tenant) are in good condition and all electrical, sewer, water, heating, ventilation and air conditioning systems serving the Expansion Space are in good working order; (3) the Expansion Space is served by electrical, sewer, water, heating, ventilation and air conditioning at the base Building level of such service for such systems; and (4) the Expansion Space and all electrical, sewer, water, heating, ventilation and air conditioning serving the Expansion Space existing as of the Effective Date (exclusive of any modifications or improvements made by Tenant) are in compliance (or legal noncompliance) with all laws, regulations, codes and ordinances (including, but not limited to, the Americans with Disabilities Act and any laws, codes, regulations and ordinances relating to Hazardous Substances and Materials) in effect as of the Effective Date and as reasonably interpreted by Landlord,. In the event that Landlord has not delivered the Expansion Space to Tenant in Required Delivery Condition on the Effective Date, and such failure results in the delay in completion of the Tenant Improvements by Tenant, Landlord shall not be in default; however, (i) the Expansion Effective Date, Rent Reduction End Date (as defined in Section 4(c) below), Full Rent Commencement Date (as defined in Section 4(c) below), the expiration of the Extended Term (as described in Section 1(a) above) and Expansion Term (as described in Section 3 below) shall be extended one (1) day for each day after the Effective Date that Landlord has not delivered the Expansion Space to Tenant in Required Delivery Condition and such failure results in the delay of the completion of the Tenant Improvements by Tenant.
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Related to Required Delivery Condition

  • Delivery Condition has the meaning set forth in Section 2.2(a).

  • Minimum Condition has the meaning set forth in Annex I.

  • Scheduled Delivery Date means the Date on which the Seller is required to start delivering the power at the Delivery Point as per the terms and conditions of the PPA;

  • Liquidity Condition means an event of immediate termination or suspension as specified in a Liquidity Facility, upon the occurrence of which the Standby Purchaser is not obligated to purchase Multi-Modal Bonds, and, accordingly, such Bonds are not subject to tender for purchase.

  • Extension Minimum Condition means a condition to consummating any Extension that a minimum amount (to be determined and specified in the relevant Extension Request, in the Borrower’s sole discretion) of any or all applicable Classes be submitted for Extension.

  • First Delivery Date means the first date by which the commodity for a Futures Contract can be delivered in order for the terms of the Futures Contract to be fulfilled.

  • Notice Delivery Period means the period from and including the Trade Date, to and including a day that is three (3) Business Days following the date that is 14 calendar days after the Scheduled Termination Date. Section 1.23 (Notice Delivery Period) of the Credit Derivatives Definitions shall be amended accordingly.

  • Delivery Date means the date or dates specified in the Purchase Order by which the Supplier is required to deliver the Work.

  • TENDER SPECIFICATION means “Specific conditions, technical specifications, appendices, site information and drawing pertaining to the work in which the tenderers are required to submit their offer. Individual specification number will be assigned to each tender specification.

  • Initial Delivery Date has the meaning set forth in Section 1.1(d).

  • Delivery Day means a day other than a Saturday, a Sunday or any other day on which national banking associations are authorized to be closed. Any party may change its address for purposes of the receipt of notices and demands by giving notice of the change in the manner provided in this provision.

  • Minimum Tender Condition shall have the meaning provided in Section 2.15(b).

  • Delivery Period means that period agreed in writing between the Parties in relation to Delivery of the Product or parts thereof by the Contractor, any delay in which shall be deemed a breach of this Agreement and entitle JOBURG MARKET to exercise its remedies in terms of this Agreement or at law.

  • Step Down Conditions As of any Distribution Date on which any decrease in any Senior Prepayment Percentage may apply, (i) the outstanding Principal Balance of all Mortgage Loans 60 days or more Delinquent (including Mortgage Loans in REO and foreclosure), averaged over the preceding six month period, as a percentage of the aggregate of the Class Certificate Principal Balances of the Classes of Subordinate Certificates on such Distribution Date, does not equal or exceed 50% and (ii) cumulative Realized Losses with respect to all of the Mortgage Loans do not exceed: · for any Distribution Date on or after the seventh anniversary until the eighth anniversary of the first Distribution Date, 30% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the eighth anniversary until the ninth anniversary of the first Distribution Date, 35% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the ninth anniversary until the tenth anniversary of the first Distribution Date, 40% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the tenth anniversary until the eleventh anniversary of the first Distribution Date, 45% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, and · for any Distribution Date on or after the eleventh anniversary of the first Distribution Date, 50% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date.

  • Equity Conditions Failure means that on any applicable date the Equity Conditions have not been satisfied (or waived in writing by the Holder).

  • Acceptance Condition means the acceptance condition to any Offer;

  • Emergency Condition means a condition or situation: (1) that in the judgment of the Party making the claim is imminently likely to endanger life or property; or (2) that, in the case of the NYISO or Connecting Transmission Owner, is imminently likely (as determined in a non-discriminatory manner) to cause a material adverse effect on the security of, or damage to the New York State Transmission System or Distribution System, the Connecting Transmission Owner’s Interconnection Facilities or the electric systems of others to which the New York State Transmission System or Distribution System is directly connected; or (3) that, in the case of the Interconnection Customer, is imminently likely (as determined in a non-discriminatory manner) to cause a material adverse effect on the security of, or damage to, the Small Generating Facility or the Interconnection Customer’s Interconnection Facilities. Under Emergency Conditions, the NYISO or Connecting Transmission Owner may immediately suspend interconnection service and temporarily disconnect the Small Generating Facility. The NYISO or Connecting Transmission Owner shall notify the Interconnection Customer promptly when it becomes aware of an Emergency Condition that may reasonably be expected to affect the Interconnection Customer’s operation of the Small Generating Facility. The Interconnection Customer shall notify the NYISO and Connecting Transmission Owner promptly when it becomes aware of an Emergency Condition that may reasonably be expected to affect the New York State Transmission System or Distribution System or any Affected Systems. To the extent information is known, the notification shall describe the Emergency Condition, the extent of the damage or deficiency, the expected effect on the operation of each Party’s facilities and operations, its anticipated duration, and the necessary corrective action.

  • Maximum Tender Condition has the meaning specified in Section 2.17(b).

  • Rating Condition has the meaning specified in Section 2.06(c)(ii).

  • Delay Delivery Certification As defined in Section 2.02(a) hereof.

  • Eligibility Conditions means the eligibility conditions specified in the Act and the Rules including all the eligibility conditions listed in Clause [5] of the Tender Document.

  • Conditional Acceptance means a conditional acceptance by the Liquidity Provider of an extension of the Scheduled Termination Date.

  • Delivery Time means the time for Delivery stated in the Purchase Order.

  • Forced Conversion Notice Date shall have the meaning set forth in Section 6(d).

  • Property Condition Report means a report prepared by a company satisfactory to Lender regarding the physical condition of the Property, satisfactory in form and substance to Lender in its sole discretion.

  • Final Delivery Date means the date the Supplier is entitled to deliver the Products form the Purchaser even if the Products have not been called off as agreed in any Sales Agreement.