Warm Shell Condition definition
Examples of Warm Shell Condition in a sentence
The cost of delivering to Tenant the Office Premises in accordance with the Office Specifications and the Laboratory Premises in Warm Shell Condition as set forth in Section 2 above shall, subject to any Change Orders (defined below), be borne by Landlord, and all other hard and soft construction costs associated with Landlord’s Work shall be borne by Tenant.
When Landlord and its general contractor are of the reasonable opinion that completion of (a) Landlord’s Work within the Office Premises in accordance with the Office Specifications or (b) Warm Shell Condition within the Laboratory Premises has been achieved, then Landlord shall so notify Tenant.
Tenant shall have thirty (30) days after receipt of the budget and cost estimate to pay to Landlord all costs of Landlord’s Work and the Plans in excess of the cost of (a) the Office Specifications for the Office Premises, and/or (b) the Warm Shell Condition for the Laboratory Premises (“Excess Costs”).
The date upon which Landlord delivers each portion of the Expansion Premises to Tenant in the Warm Shell Condition is referred to herein as a “Delivery Date”.
In addition to causing the Expansion Premises to be in the Warm Shell Condition, Landlord shall complete certain structural work (the “Structural Work”) to be completed at the Building.
Notwithstanding any term or provision of this Section 19 or any other provisions of this Lease to the contrary, in no event shall Tenant have any liability or obligations of any kind or type whatsoever until Warm Shell Condition has been met.
The term of this Lease, (hereinafter referred to as the "Term"), shall commence six (6) months from completion of Warm Shell Condition and Substantial Completion of the 6th Floor Improvements (hereinafter called “Lease Commencement Date”) and Terminate ten (10) years from 5th Floor Rent Commencement, as defined in Section 3 below (hereinafter called “Lease Termination Date”), unless the Lease is earlier terminated or extended pursuant to any other provision of this Lease or to law.
The Sub-Lessor hereby confirms that possession of the Premises shall be handed over by the Sub-Lessor to the Sub-Lessee on or before the Sub-Lease Commencement Date in the Warm Shell Condition.
For the avoidance of doubt, the Tenant Improvements do not need to include all of the Premises and Tenant may choose not to perform improvements in, or perform only minimal improvements in, a floor of the Premises, provided that Tenant hereby agrees that Tenant shall perform improvements or Alterations to build out the entirety of the Premises to a commercially reasonable level beyond the Warm Shell Condition prior to the expiration of the third (3rd) full year of the Lease Term, subject to Force Majeure.
If following Landlord’s delivery of the Expansion Premises in the Warm Shell Condition it is determined that additional work is required of Landlord in order to accomplish the Warm Shell Condition, such determination shall not modify the Delivery Date, but the requirement of such additional work may result in a “Landlord Delay” (as described in Sections 7.1(2), 7.3(3) and/or 7.1(4) of the Work Letter).