Substantially Completes definition

Substantially Completes or “Substantial Completion” means Sublessor’s Work has been completed except for minor details (so-called “punch list”) items which do not interfere with the conduct of Sublessee’s business.

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Substantially Completes. “substantially completed” and “substantial completion” shall mean the date when Landlord’s Work items then remaining to be done, if any, consist solely of minor “punch list” items the absence of which does not materially affect or delay Tenant’s performance of Tenant’s Work in the Premises. Notwithstanding any language to the contrary contained in the Lease or this Exhibit L or the schedules hereto, in no event shall the items of work listed on Schedule 2 (the “Excepted Items”) to this Work Letter be required to be completed in order for Landlord’s Work to be deemed substantially completed. The date on which Landlord’s Work is substantially completed, or is deemed to be substantially completed, is hereinafter called the Substantial Completion Date. Landlord shall diligently pursue completion of the Expected Items and the Excepted Items shall be completed reasonably promptly after the Substantial Completion Date in accordance with the outside dates (where applicable) outlined on Schedule 2. Should Tenant commence actual construction of Tenant’s Work in any portion of the Premises, the date on which such work shall commence shall be deemed to be the Substantial Completion Date for purposes of determining the Commencement Date and Tenant’s rights to any rent abatement and/or lease termination pursuant to Section 1(b). Tenant understands and agrees that the commencement of Tenant’s Work in any portion of the Premises shall determine the Commencement Date and the cessation of lack of a rent abatement for the entire Premises. If the Substantial Completion Date should be a date on which Landlord’s Work is “deemed” to have been substantially completed, Landlord agrees it shall complete any Landlord’s Work which is outstanding as well as any “punch list” items set forth on the “Work Punchlist Notice” (as hereinafter defined) and latent defects as set forth herein.

Substantially Completes and “Substantially Completed” shall mean the completion of the applicable work in a good and workmanlike manner using first quality materials and in compliance with all Legal Requirements applicable to such work, except for any Punch List Items. “Punch List Items” shall mean details of construction and mechanical adjustment which are insubstantial or minor in character, the non-completion of which will have no more than a de minimis effect on (i) Tenant’s access to the applicable portion of the Premises or (ii) Tenant’s ability to commence and diligently perform, using ordinary construction practices (without the need for work on an overtime or premium pay basis), the Initial Tenant Work with respect to such portion of the Premises. Notwithstanding anything to the contrary contained herein, the performance by Landlord of item 19 on Exhibit H shall not be a condition to Substantial Completion by Landlord of Landlord’s Work. Such item of Landlord’s Work may be performed by Landlord concurrently with the performance by Tenant of the Initial Tenant Work, provided that Landlod shall not interefere with the performance by Tenant of the Initial Tenant Work (other than to a de minimis extent), and shall in any event be Substantially Completed on or before the completion of the Initial Tenant Work.

Examples of Substantially Completes in a sentence

• The date that Landlord Substantially Completes the Shell Improvements.

• The definition of "Additional Space Commencement Date", set forth in Section 1 of the Third Amendment, is hereby amended and restated in its entirety to mean November 1, 2015, regardless of when the Landlord Substantially Completes the Landlord Work.

• Section 2 of the Third Amendment is hereby modified to provide that Landlord shall delivery possession of the Additional Building B Space to Tenant on the date that Landlord Substantially Completes the Landlord Work.

• If Tenant delivers a Termination Notice, this Lease shall be deemed to have terminated as of the date of the giving of the Termination Notice; provided, however, if within such 60-day period Landlord Substantially Completes such repair or restoration then such Termination Notice shall be void and of no force or effect.

• On the day Landlord Substantially Completes the Building, Landlord will assign all construction warranties to Tenant, on a non-exclusive basis and reserving the same unto Landlord and its Mortgagees and assigns.

• The Commencement Date, the Rent and ▇▇▇▇▇▇’s other obligations shall be advanced to such earlier date as: (i) Landlord Substantially Completes (as defined below) the Landlord’s Work (as defined below) required under this Lease and Landlord delivers possession thereof to Tenant, or (ii) Tenant, with Landlord’s written permission, otherwise commences occupying the Premises.

• Without limiting the foregoing, if Landlord has not Substantially Completed Landlord’s Work by the Scheduled Substantial Completion Date (as such date shall be extended for Tenant Delays and Force Majeure) for and with respect to each day from and after the Scheduled Substantial Completion Date and the date on which Landlord Substantially Completes Landlord’s Work, subject to this Section 4.1, as its sole and exclusive remedy on account thereof, the Rent Commencement Date shall be extended by one day.

• In the event that the Landlord Substantially Completes the Expansion Space on a date which is later than the date nine (9) months after the approval of the Expansion Plans (or earlier if Tenant commences use or occupancy of the Expansion Space) such later or earlier date, as the case may be, shall be the "Expansion Commencement Date." On the Expansion Commencement Date, the Expansion Space shall be deemed to be part of the Demised Premises.

• Subject to Permitted Delays, if the SCPFC or the Developer Occupant commences Construction of the Improvements, but neither the SCPFC nor the Developer Occupant Substantially Completes Construction of the Improvements within 4 years after SCPFC or Developer Occupant commences Construction of the Improvements (the “Required Completion Date”), then the City may elect to exercise its Repurchase Right pursuant to the terms of Section 3 above within one year after the Required Completion Date.

• The "Effective Date" shall be the date on which Landlord Substantially Completes (as defined in Paragraph 3.e. below) the Tenant Improvements (as defined in Paragraph 3.b.ii.

More Definitions of Substantially Completes

Substantially Completes means that the work required by the Contract has been

Substantially Completes. “substantially completed,” and “substantial completion” shall mean the date when Landlord’s Work items then remaining to be done, if any, consists of “punch list items”, as determined by Landlord. Further, the taking of possession of the Premises or any portion or portions thereof by Tenant following substantial completion of Landlord’s Work shall be conclusive evidence that substantial completion was achieved. Notwithstanding the forgoing, in the event that any requests for changes or additions in Landlord’s Work are made by Tenant and approved by Landlord, including without limitation any requests for upgrades to Building standard items, and such requests extend the estimated time for substantial completion of Landlord’s Work, such estimate to be determined solely but reasonably by Landlord or Landlord’s contractors or subcontractors hired to perform said required work, then for the purposes hereof, L▇▇▇▇▇▇▇’s Work shall be deemed to have been substantially completed at such time as in the sole reasonable judgment of Landlord or said contractors or said subcontractors, L▇▇▇▇▇▇▇’s Work would have been substantially completed except for the delay caused by or in any manner related to the requests of T▇▇▇▇▇ made as aforesaid. Nothing in the preceding sentence shall be construed as requiring Landlord to grant, approve or comply with any such requests for changes or additions. Notwithstanding the foregoing, if T▇▇▇▇▇ takes possession of, or commences work or operations in the Premises (or any part thereof) prior to substantial completion of Landlord’s Work then for all purposes of this Lease, Landlord’s Work shall be deemed to have been substantially completed on the date Tenant commenced possession, operations or work in the Premises, as the case may be.

Substantially Completes means sufficiently complete in accordance with the approved site plan so that the Purchaser can occupy or utilize the Property for the Intended Use.

Substantially Completes means that the work required by the Contract has been completed except for minor incomplete or unsatisfactory work items that do not materially impair the usefulness of the Work.

Substantially Completes and “Substantially Complete” shall mean that the work in question has been completed other than minor or non-material details of construction, mechanical adjustment or decoration “Punch List Items” which do not materially interfere with Tenant’s ordinary use of the applicable portion of the Premises in which such work was performed, provided that Landlord shall use commercially reasonable efforts to complete such Punch List Items within thirty (30) days following notice from Tenant thereof (which thirty (30) day period shall be subject to extension due to casualty, condemnation, Tenant Delays and Unavoidable Delays).

Substantially Completes means at such time as Lessor has completed the Lessor Improvements to such extent that the First Floor Premises may be utilized by Lessee for its intended purpose without unreasonable interruption to Lessee for Lessor.