Tender of Possession definition

Tender of Possession means delivering possession of the Premises to Sublessee immediately following mutual execution and delivery of the Sublease, receipt of insurance binder from Sublessee, and receipt of Master Lessor and Bankruptcy Court approval. Prior to the Tender of Possession, Sublessee shall be entitled to occupy and use the Premises, subject to the payment of the February Base Rent from the Deposit at the time and under the conditions set forth in paragraph 13.1(b) above, and further subject to Sublessee's indemnification obligations set forth in paragraph 29 below. Sublessor shall at its expense install a sub meter or check meter so as to permit the parties to allocate utility costs between the Premises and Sublessor's remaining space; until such installation, utility costs will be prorated on a 50/SO basis.
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Tender of Possession shall also include (iv) Lessor has obtained a Final Inspection for Tenant Improvements on the Premises. The ten (IO) day notice specified in 3.2.1 shall apply to this item.
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Tender of Possession. The date Landlord tenders possession of the Premises to Tenant with the Work substantially completed shall be the "COMMENCEMENT DATE". Landlord shall make all commercially reasonable efforts to tender possession of the Premises to Tenant with the Work substantially completed on or before November 1, 1997, provided, however, that if the Premises are not ready for occupancy by Tenant on November 1, 1997, Landlord shall, on or before November 1, 1997, tender possession to Tenant of temporary substitute space containing up to approximately 1,390 rentable square feet in the Building (the "TEMPORARY SPACE"), and Landlord shall tender possession of the Premises to Tenant with the Work substantially completed as soon thereafter as is commercially reasonable. Tenant shall be entitled to occupy and use the Temporary Space subject to all terms and conditions of this Lease until the Commencement Date, except that Tenant shall not be obligated to pay Net Rent or Operating Costs with respect to the Temporary Space prior to the Commencement Date. Notwithstanding the foregoing, if the Commencement Date has not occurred on or before December 1, 1997 (the "OUTSIDE DELIVERY DATE"), Tenant shall have the right to terminate this Lease upon delivering to Landlord a written notice of termination to Landlord within 5 business days after the Outside Delivery Date. Upon Landlord's timely receipt of such termination notice, neither party shall have any further obligations or liabilities under this Lease, except that Landlord shall promptly return to Tenant any sums deposited with Landlord as the Security Deposit. GUARANTOR'S No Guarantor. NAME AND ADDRESS:
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Examples of Tender of Possession in a sentence

  • In the event commencement of the Lease term is defined as the completion of the improvements, Lessee and Lessor shall execute an amendment to this Lease establishing the date of Tender of Possession (as defined in paragraph 3.2.1) or the actual taking of possession by Lessee, whichever first occurs, as the Commencement Date.

  • Possession of the Premises shall be deemed tendered to Lessee ("Tender of Possession") when (1) the improvements to be provided by Lessor under this Lease are substantially completed, (2) the Building utilities are ready for use in the Premises, (3) Lessee has reasonable access to the Premises, and (4) ten (10) days shall have expired following advance written notice to Lessee of the occurrence of the matters described in (1), (2) and (3), above of this paragraph 3.2.1.

  • Possession of the Premises shall be deemed tendered to Lessee ("Tender of Possession") when (1) the improvements to be provided by Lessor under this Lease are substantially completed, (2) the Building utilities are ready for use in the Premises, (3) Leases has reasonable access to the Premises, and (4) ten (10) days shall have expired following advance written notice to Lessee of the occurrence of the matters described in (1), (2) and (3), above of this paragraph 3.2.1.

  • Lessee shall notify Lessor in writing of any items that Lessee deems incomplete or incorrect in order for the Premises to be acceptable to Lessee within ten (10) days following Tender of Possession as set forth in paragraph 3.2.1 of the Lease to which this Work Letter is attached.

  • Possession of the Premises shall be deemed tendered to Lessee ("Tender of Possession") when (1) the improvements to be provided by Lessor under this Lease are substantially completed, (2) the Building utilities are ready for use in the Premises, and (3) Lessee has reasonable access to the Premises.

  • In the event commencement of the Lease term is defined as the completion of the improvements, Tenant and Landlord shall execute an amendment to this Lease establishing the date of Tender of Possession (as defined in paragraph 3.2.1) or the actual taking of possession by Tenant, whichever first occurs, as the Commencement Date.

  • In the event commencement of the Lease term is defined as the completion of the improvements, Lessee and Lessor shall execute an amendment to this Lease establishing the date of Tender of Possession (as defined in paragraph 3.2(a) or the actual taking of possession by Lessee, whichever first occurs, as the Commencement Date.

  • Possession of the Premises shall be deemed tendered to Lessee ("Tender of Possession") when (1) the improvements to be provided by Lessor under this Lease are substantially completed, (2) the Building utilities are ready for use in the Premises, (3) Lessee has reasonable access to the Premises, and (4) ten (10) days shall have expired following advance written notice to Lessee of the occurrence of the matters described in (1), (2), and (3), above of this paragraph 3.2.1.

  • In the event commencement of the Lease term is defined as the completion of the improvements, Xxxxxx and Xxxxxx shall execute an amendment to this Lease establishing the date of Tender of Possession (as defined in paragraph 3.2.1) or the actual taking of possession by Xxxxxx, whichever first occurs.

  • In the event commencement of the Lease ---------------------- term is defined as the completion of the improvements, Lessee and Lessor shall execute an amendment to this Lease establishing the date of Tender of Possession (as defined in paragraph 3.2.1) or the actual taking of possession by Lessee, whichever first occurs, as the Commencement Date.


More Definitions of Tender of Possession

Tender of Possession. , "Tenders Possession" or "Tendered Possession" shall mean the point in time in which the Landlord delivers the Premises to Tenant in such a condition as to complete Tenant's Work in accordance with Landlord's Work.
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Related to Tender of Possession

  • Date of Possession means the date on which the Allottee is handed over possession of the said Apartment;

  • Commencement of Foreclosure The first official action required under local law in order to commence foreclosure proceedings or to schedule a trustee's sale under a deed of trust, including (i) in the case of a mortgage, any filing or service of process necessary to commence an action to foreclose, or (ii) in the case of a deed of trust, posting, the publishing, filing or delivery of a notice of sale, but not including in either case (x) any notice of default, notice of intent to foreclose or sell or any other action prerequisite to the actions specified in (i) or (ii) above, (y) the acceptance of a deed-in-lieu of foreclosure (whether in connection with a sale of the related property or otherwise) or (z) initiation and completion of a short pay-off.

  • Construction and demolition debris means and includes:

  • Certificate of Substantial Completion means the certificate executed by the A/E, ODR and Contractor that documents to the best of A/E’s and ODR’s knowledge and understanding, Contractor’s sufficient completion of the work in accordance with the Contract, so as to be operational and fit for the use intended.

  • Substantial Completion means the stage in the progress of the work as determined and certified by the Contracting Officer in writing to the Contractor, on which the work (or a portion designated by the Government) is sufficiently complete and satisfactory. Substantial completion means that the property may be occupied or used for the purpose for which it is intended, and only minor items such as touch-up, adjustments, and minor replacements or installations remain to be completed or corrected which:

  • Guaranteed Substantial Completion Date or “Guaranteed Substantial Completion Dates” has the meaning set forth in Section 5.3B.

  • Event of Withdrawal has the meaning assigned to such term in Section 11.1(a).

  • Substantial Completion Date means the required date for Substantial Completion of the Project. The Substantial Completion Date can be adjusted only by written Change Order.

  • Landlord Personal Property Collateral Access Agreement means a Landlord Waiver and Consent Agreement substantially in the form of Exhibit L, with such amendments, modifications or supplements thereto as may be approved by the Administrative Agent.

  • Occupancy Date means the date on which occupancy of all Units in a Project is permitted;

  • Landlord Work means the work, if any, that Landlord is obligated to perform in the Premises pursuant to a separate agreement (the “Work Letter”), if any, attached to this Lease as Exhibit C.

  • Tenant's Address As defined in Section 1.1.

  • EARLY POSSESSION N/A ("Early Possession Date"). (Also see Paragraphs 3.2 and 3.3.)

  • Ready for Occupancy means the date upon which (i) the Leased Premises are available for Tenant's occupancy in a broom clean condition and (ii) the improvements, if any, to be made to the Leased Premises by Landlord as a condition to Tenant's obligation to accept possession of the Leased Premises have been substantially completed and the appropriate governmental building department (i.e., the City building department, if the Property is located within a City, or otherwise the County building department) shall have approved the construction of such improvements as substantially complete or is willing to so approve the construction of the improvements as substantially complete subject only to compliance with specified conditions which are the responsibility of Tenant to satisfy or is willing to allow Tenant to occupy subject to its receiving assurances that specified work will be completed.

  • Substantial Completion Certificate means the certificate issued and approved by the Authority indicating the date upon which the Trade Contractor Work (or a designated portion thereof) is Substantially Complete.

  • Event of withdrawal of a general partner means an event that causes a person to cease to be a general partner as provided in section 402.