Term and Construction Sample Clauses

Term and Construction. This Lease shall become effective upon full execution by both parties. The initial term of this Lease shall be for ten (10) years beginning on the Commencement Date as hereinafter defined. Each party agrees, upon request by the other, to execute a supplemental agreement evidencing the actual term of this Lease at such time as the exact dates are known. From and after the date hereof, Lessor shall construct, at its sole cost and expense, the Premises in accordance with those certain Plans and Specifications (the "Plans") attached hereto as Exhibit "C" and made a part hereof, and any changes or amendments thereto which are properly authorized in writing by Lessor and Lessee, and shall proceed with due diligence with such construction so that construction is completed and the Premises are ready for occupancy and served by utilities necessary therefor on or before seven (7) months from commencement of construction with credit for weather delays and acts of God as certified by the architect. When the Premises have been substantially completed in accordance with the Plans (subject to normal minor "punch-list" items which do not materially interfere with Lessee's intended use and occupancy of the Premises) and Lessor has obtained a permanent certificate of occupancy entitling Lessee to occupy the Premises, Lessor shall notify Lessee that the Premises are ready for occupancy. Lessor shall prepare and certify by signature and deliver to Lessee a written statement certifying that the Premises have been substantially completed in accordance with the Plans and any authorized changes or amendments thereto, and certifying the date of substantial completion. Lessor shall diligently complete as soon as reasonably possible any items of work and adjustments not completed when the Premises are so ready for occupancy. Lessor shall assign to Lessee all applicable third party warranties and guaranties obtained by Lessor in connection with the construction of such improvements. As used herein, the term "Commencement Date n shall mean that date which is the earlier to occur of (i) the issuance of a Certificate of Occupancy establishing that the Premises are ready for occupancy by Lessee or (ii) Lessee's actual occupancy of a majority of the Premises. Prior to the commencement Date, Lessor shall furnish to Lessee a certificate from Lessor's architect that the Premises have been substantially completed in accordance with the Plans. Lessor and Lessee shall, upon such delivery, execu...
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Term and Construction. 3.1 Landlord shall construct the Tenant improvements (as defined In Exhibit “C" attached hereto). The term of this Lease shall commence on the Commencement Date (as hereinafter defined) and expire on the Expiration Date (as defined in Section 1 (h) hereof).
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Term and Construction. 3.1 Landlord shall perform the Tenant Improvement Work (as defined in Exhibit "C" attached hereto) in accordance with the terms and provisions of said Exhibit "C". The term of this Lease shall commence on the Commencement Date (as hereinafter defined) and expire on the Expiration Date (as defined in Section 1(h) hereof). Following the determination of the Commencement Date, the parties shall execute a commencement certificate to memorialize the Commencement Date, the Expiration Date, the Basic Rental schedule, and any other relevant dates hereunder.
Sample 1
Term and Construction. 3.1 The term of this Lease shall commence on the Commencement Date (as defined in Section 1(g) hereof) and expire on the Expiration Date (as defined in Section 1(h) hereof), subject to any extensions pursuant to Article 29 hereof.
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Term and Construction. 3 (A) TERM 3 (B) LANDLORD'S REQUIRED WORK.................................. 3 (C) TENANT'S WORK............................................. 4 (D)
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Term and Construction 
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Related to Term and Construction

  • Definitions and Construction 1 1.1 Definitions.....................................................................................1 1.2

  • Law; Construction This Agreement and any claim, counterclaim or dispute of any kind or nature whatsoever arising out of or in any way relating to this Agreement (“Claim”), directly or indirectly, shall be governed by, and construed in accordance with, the internal laws of the State of New York.

  • Definition of Terms and Construction 2 1.1 Definitions..............................................2

  • Interpretation and Construction When a reference is made in this Agreement to a Section, such reference shall be to a Section of this Agreement, unless otherwise indicated. The headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. Whenever the words “include,” “includes” and “including” are used in this Agreement, they shall be deemed to be followed by the words “without limitation.” The words “hereof, “herein” and “hereunder” and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement. The word “will” shall be construed to have the same meaning as the word “shall.” The words “dates hereof” will refer to the date of this Agreement. The word “or” is not exclusive. The definitions contained in this Agreement are applicable to the singular as well as the plural forms of such terms. Any agreement, instrument, law, rule or statute defined or referred to herein means, unless otherwise indicated, such agreement, instrument, law, rule or statute as from time to time amended, modified or supplemented. Each of the parties hereto acknowledges that it has been represented by counsel of its choice throughout all negotiations that have preceded the execution of this Agreement, and that it has executed the same with the advice of said independent counsel. Each party cooperated and participated in the drafting and preparation of this Agreement and the documents referred to herein, and any and all drafts relating thereto exchanged among the parties shall be deemed the work product of all of the parties and may not be construed against any party by reason of its drafting or preparation. Accordingly, any rule of law or any legal decision that would require interpretation of any ambiguities in this Agreement against any party that drafted or prepared it is of no application and is hereby expressly waived by each of the parties hereto, and any controversy over interpretations of this Agreement shall be decided without regards to events of drafting or preparation.

  • References and Construction (a) All references in this Agreement to articles, sections, subsections and other subdivisions refer to corresponding articles, sections, subsections and other subdivisions of this Agreement unless expressly provided otherwise.

  • Commencement of Construction Construction of the Project will start within thirty (30) days after notification to the Developer by the Owner, or as soon thereafter as weather and ground conditions permit.

  • General Construction 20.2.1. Binding Nature.............................................. 20.2.2. Entire Agreement............................................ 20.2.3. Governing Law............................................... 20.2.4. Indulgences Not Waivers..................................... 20.2.5. Titles Not to Affect Interpretation......................... 20.2.6.

  • Severability and Construction Nothing in this Agreement is intended to require or shall be construed as requiring the Company to do or fail to do any act in violation of applicable law. The Company’s inability, pursuant to a court order, to perform its obligations under this Agreement shall not constitute a breach of this Agreement. In addition, if any portion of this Agreement shall be held by a court of competent jurisdiction to be invalid, void, or otherwise unenforceable, the remaining provisions shall remain enforceable to the fullest extent permitted by applicable law. The parties hereto acknowledge that they each have opportunities to have their respective counsels review this Agreement. Accordingly, this Agreement shall be deemed to be the product of both of the parties hereto, and no ambiguity shall be construed in favor of or against either of the parties hereto.

  • Language Construction The language in all parts of this Agreement shall be construed, in all cases, according to its fair meaning, and not for or against either party hereto. The parties acknowledge that each party and its counsel have reviewed and revised this Agreement and that the normal rule of construction to the effect that any ambiguities are to be resolved against the drafting party shall not be employed in the interpretation of this Agreement.

  • Other Terms; Construction (a) The definitions of terms herein shall apply equally to the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include,” “includes” and “including” shall be deemed to be followed by the phrase “without limitation.” The word “will” shall be construed to have the same meaning and effect as the word “shall.” Unless the context requires otherwise, (i) any definition of or reference to any agreement, instrument or other document shall be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented, restated or otherwise modified (subject to any restrictions on such amendments, supplements, restatements or modifications set forth herein or in any other Credit Document), (ii) any reference herein to any Person shall be construed to include such Person’s successors and assigns permitted hereunder, (iii) the words “herein,” “hereof” and “hereunder,” and words of similar import when used in any Credit Document, shall be construed to refer to such Credit Document in its entirety and not to any particular provision thereof, (iv) all references in a Credit Document to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, the Credit Document in which such references appear, (v) any reference to any law or regulation herein shall, unless otherwise specified, refer to such law or regulation as amended, modified or supplemented from time to time, and (vi) the words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, securities, accounts and contract rights.

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