Third Party Delay definition

Third Party Delay means any unanticipated delay not caused by either of the parties and which prevents either party from achieving conditions set forth in this Lease at no fault of their own, and shall include a delay caused by the occurrence of a Force Majeure Event. Upon to the occurrence of any such delay, the parties shall promptly notify the other party in writing of such delay and shall meet to agree upon the appropriate extension of any deadlines set forth under this Lease as a result of such Delay.

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Third Party Delay means a delay on part of a third party resulting in a delay of completion of any condition precedent set forth in Clause 14.1 (Conditions Precedent for the Issuer Exchange) or any condition subsequent set forth in Clause 14.2 (Conditions Subsequent for the Issuer Exchange), provided that such delay is outside the Issuer’s control.

Third Party Delay means actual delays in the Substantial Completion of the Tenant Work or Additional Tenant Work (or such specified portions thereof) resulting from or caused by third party contractors or subcontractors that are not subject to supervision by Landlord’s construction manager under the Construction Management Agreement or otherwise, including, without limitation, the Specialized Service Providers (as hereinafter defined), or any furniture systems or partition suppliers or installers retained directly by Tenant. The parties agree that if Landlord’s construction manager is paid a fee or other remuneration under the Construction Management Agreement based on the fees paid to such third party contractors or subcontractors, Landlord’s construction manager shall, for purposes of determining whether any delay caused by a third party contractor or subcontractor constitutes “Third Party Delay” hereunder, be deemed to have supervised such third party contractor or subcontractor.

Examples of Third Party Delay in a sentence

If a Party is delayed in its ability to satisfy an obligation or condition of this Agreement by a Force Majeure Event or Third Party Delay, each as defined below, then the date for performance of such obligation or satisfaction of such condition shall be deferred for the period that such Force Majeure Event or Third Party Delay continues to delay such performance or satisfaction.
The later of: (i) August 1, 2008, or (ii) the last day of the fourteenth (14th) week after the Lease Date (as defined in Section 37 of this Lease), which date is subject to extension for delays caused by (A) Force Majeure (as defined in Section 40 of this Lease), but no more than thirty (30) days of Force Majeure delay attributable to Third Party Delay (as defined in Section 40) or (B) Landlord Delays (as such term is defined in Special Stipulation No. 5 of Exhibit C to this Lease).

More Definitions of Third Party Delay

Third Party Delay means failure by the other Party to timely perform according to any timelines required under this Agreement.