Common use of ALTERNATE COMMENCEMENT DATE Clause in Contracts

ALTERNATE COMMENCEMENT DATE. If Lessor is unable to cause the Leased Premises to be Ready for Occupancy by the Commencement Date for reasons other than those set out in subsection (a) through (d) of Paragraph 3 above then the Commencement Date of the Lease shall be on the first date the Leased Premises are Ready for Occupancy; provided, however if the date the Leased Premises are Ready for Occupancy is not the first day of a month, then the Commencement Date shall be the first day of the month immediately following the date the Leased Premises are Ready for Occupancy. The period between the date the Leased Premises are Ready for Occupancy and the Commencement Date shall be deemed to be the Interim Lease Term and Lessee shall be obligated to pay Rent for such Interim Lease Term on a pro rata basis based on the Base Rent for the first full month of the Term and Lessee shall hold the Leased Premises during the Interim Lease Term under all of the other terms and conditions of this Lease. In the event the Commencement Date set out in Section 1.03 of the Lease is changed as provided for in this Paragraph 4 then (i) if the Leased Premises are Ready for Occupancy after the Commencement Date set out in Section 1.03 of the Lease then the Expiration Date of the Lease as provided for in Section 1.03 of the Lease shall be extended such that beginning with the adjusted Commencement Date the Term shall extend for the number of months set out in Section 1.03 of the Lease, or (ii) if the Leased Premises are Ready for Occupancy prior to the Commencement Date set out in Section 1.03 of the Lease then the Commencement Date shall be adjusted as provided for in this Paragraph 4, however the Expiration Date shall remain as set out in Section 1.03 of the Lease. In either such event, Lessee shall, at Lessor's request, execute a Memorandum of Commencement Date in which the parties specify the Commencement Date and Expiration Date of the Lease.

Appears in 1 contract

Samples: Lease Agreement (Channelpoint Inc)

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ALTERNATE COMMENCEMENT DATE. If Lessor Landlord is unable to cause the Leased Premises to be Ready for Occupancy by the Commencement Date for reasons other than those set out in subsection (a) through (d) of Paragraph 3 above then the Landlord shall give five (5) business days notice of the date on which the Premises shall be Ready for Occupancy and the Commencement Date of the Lease shall be on the first date after the expiration of such five (5) business day period that the Leased Premises are Ready for Occupancy; provided, however if the date the Leased Premises are Ready for Occupancy is not the first day of a month, then the Commencement Date shall be the first day of the month immediately following the date the Leased Premises are Ready for Occupancy. In no event shall the Commencement Date be prior to July 1, 1994. The period between the date the Leased Premises are Ready for Occupancy and the Commencement Date shall be deemed to be the Interim Lease Term and Lessee Tenant shall be obligated to pay Rent for such Interim Lease Term on a pro rata basis based on the Base Rent for the first full month of the Term and Lessee Tenant shall hold the Leased Premises during the Interim Lease Term under all of the other terms and conditions of this Lease. In the event the Commencement Date set out in Section 1.03 2 of the Lease is changed as provided for in this Paragraph 4 then (i) if the Leased Premises are Ready for Occupancy after the Commencement Date set out in Section 1.03 2 of the Lease then the Expiration Date of the Lease as provided for in Section 1.03 2 of the Lease shall be extended such that beginning with the adjusted Commencement Date the Term shall extend for the number of months set out in Section 1.03 2 of the Lease, or (ii) if the Leased Premises are Ready for Occupancy prior to the Commencement Date set out in Section 1.03 2 of the Lease then at Tenant's option or if Tenant occupies any portion of the Premises the Commencement Date shall be adjusted as provided for in this Paragraph 4, however the Expiration Date shall remain as set out in Section 1.03 2 of the Lease. In either such event, Lessee Tenant shall, at LessorLandlord's request, execute a Memorandum of Commencement Date in which the parties specify the Commencement Date and Expiration Date of the Lease.

Appears in 1 contract

Samples: Lease Agreement (Concord Communications Inc)

ALTERNATE COMMENCEMENT DATE. If Lessor Landlord is unable to cause the Leased Premises --------------------------- premises to be Ready ready for Occupancy occupancy by the Commencement Date commencement date for reasons other than those set out in subsection (a) through (d) of Paragraph 3 above 8 above, or if the Landlord shall have the premises ready for occupancy prior to the commencement date set out in Paragraph 2 of the Lease, then in either such event the Commencement Date commencement date of the Lease shall be on the first date the Leased Premises premises are Ready ready for Occupancyoccupancy; provided, however however, if the date the Leased Premises premises are Ready ready for Occupancy occupancy is not the first day of a month, then the Commencement Date commencement date shall be the first day of the month immediately following the date the Leased Premises premises are Ready ready for Occupancyoccupancy. The period between the date the Leased Premises premises are Ready ready for Occupancy occupancy and the Commencement Date commencement date shall be deemed to be the Interim Lease Term and Lessee Tenant shall be obligated to pay Rent rent for such Interim Lease Term on a pro rata basis based on the Base Rent base rent for the first full month of the Term lease term and Lessee Tenant shall hold the Leased Premises premises during the Interim Lease Term under all of the other terms and conditions of this Lease. If the base rent for the first full month of the lease term is abated, the base rent for the Interim Lease Term shall be based upon the first month's rental which is due under the Lease, and shall be payable at the end of the rental abatement period. In the event the Commencement Date commencement date set out in Section 1.03 2 of the Lease is changed as provided for in this Paragraph 4 9, then (i) if the Leased Premises premises are Ready ready for Occupancy occupancy after the Commencement Date commencement date set out in Section 1.03 2 of the Lease then the Expiration Date expiration date of the Lease as provided for in Section 1.03 of the Lease shall be extended such that beginning with the adjusted Commencement Date the Term lease term shall extend for the number of months set out in Section 1.03 of the Lease, or (ii) if the Leased Premises are Ready for Occupancy prior to the Commencement Date set out in Section 1.03 of the Lease then the Commencement Date shall be adjusted as provided for in this Paragraph 4, however the Expiration Date shall remain as set out in Section 1.03 of the Lease. In either such event, Lessee shall, at Lessor's request, execute a Memorandum of Commencement Date in which the parties specify the Commencement Date and Expiration Date 2 of the Lease.

Appears in 1 contract

Samples: Letter Agreement (Osmotics Corp)

ALTERNATE COMMENCEMENT DATE. If Lessor Landlord is unable to cause the Leased Premises to be Ready for Occupancy by the Commencement Date for reasons other than those set out in subsection (a) Subsection A. through (d) D. of Paragraph Section 3 above above, or if the Landlord shall have the Premises Ready for Occupancy prior to the Commencement Date set out in Section 2 of the Lease, then in either such event the Commencement Date of the Lease shall be on the first date the Leased Premises are Ready for Occupancy; provided, however if the date the Leased Premises are Ready for Occupancy is not the first day of a month, then the Commencement Date shall be the first day of the month immediately following the date the Leased Premises are Ready for Occupancy. The period between the date the Leased Premises are Ready for Occupancy and the Commencement Date shall be deemed to be the Interim Lease Term Term” and Lessee Tenant shall be obligated to pay Base Rent and Additional Rent for such Interim Lease Term on a pro rata basis based on the Base Rent and Additional Rent for the first full month of the Primary Lease Term and Lessee Tenant shall hold the Leased Premises during the Interim Lease Term under all of the other terms and conditions of this Lease. In the event the Commencement Date set out in Section 1.03 2 of the Lease is changed as provided for in this Paragraph Section 4 then (i) if the Leased Premises are Ready for Occupancy after the Commencement Date set out in Section 1.03 of the Lease then the Expiration Date of the Lease as provided for in Section 1.03 of the Lease shall be extended such that beginning with the adjusted Commencement Date the Term shall extend for the number of months set out in Section 1.03 of the Lease, or (ii) if the Leased Premises are Ready for Occupancy prior to the Commencement Date set out in Section 1.03 of the Lease then the Commencement Date shall be adjusted as provided for in this Paragraph 4, however the Expiration Date shall remain as set out in Section 1.03 of the Lease. In either such event, Lessee shall, at Lessor's request, execute a Memorandum of Commencement Date in which the parties specify the Commencement Date and Expiration Date of the Lease.then:

Appears in 1 contract

Samples: Office Building Lease (Georesources Inc)

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ALTERNATE COMMENCEMENT DATE. If Lessor Landlord is unable to cause the Leased Premises to be Ready for Occupancy by the Commencement Date for reasons other than those delays caused by Tenant, or if the Landlord shall have the Premises Ready for Occupancy prior to the Commencement Date set out in subsection (a) through (d) Section 2 of Paragraph 3 above the Lease, then the Commencement Date of the Lease shall be on the first date date, as determined by Landlord's written notice to Tenant, the Leased Premises are Ready for Occupancy; provided, however if the date the Leased Premises are Ready for Occupancy is not the first day of a month, then the Commencement Date shall be the first day of the month immediately following the date the Leased Premises are Ready for Occupancy. The period between the date the Leased Premises are Ready for Occupancy and the Commencement Date shall be deemed to be the Interim interim Lease Term and Lessee Tenant shall not be obligated to pay Base Rent but shall pay additional rent and other charges provided in the Lease for such Interim Lease Term on a pro rata basis based on the Base Rent for the first full month of the Term interim period and Lessee Tenant shall hold the Leased Premises during the Interim interim Lease Term under all of the other terms and conditions of this Lease. In the event If the Commencement Date set out in Section 1.03 2 of the Lease is changed as provided for in this Paragraph 4 then (i) Section IV then, if the Leased Premises are Ready for Occupancy after the Commencement Date set out in Section 1.03 2 of the Lease then Lease, the Expiration Date expiration date of the Primary Lease Term as provided for in Section 1.03 2 of the Lease shall be extended such that that, beginning with the adjusted Commencement Date Date, the Lease Term shall extend for the number of months set out contemplated in Section 1.03 of the Lease, or (ii) if the Leased Premises are Ready for Occupancy prior to the Commencement Date set out in Section 1.03 of the Lease then the Commencement Date shall be adjusted as provided for in this Paragraph 4, however the Expiration Date shall remain as set out in Section 1.03 of the Lease. In either such event, Lessee shall, at Lessor's request, execute a Memorandum of Commencement Date in which the parties specify the Commencement Date and Expiration Date 2 of the Lease.

Appears in 1 contract

Samples: Lease Agreement (Front Range Capital Trust I)

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