Common use of Commencement and Permitting Clause in Contracts

Commencement and Permitting. Landlord shall commence construction of the Tenant Improvements upon obtaining a building permit (the “T1 Permit”) authorizing the construction of the Tenant Improvements consistent with the Tl Construction Drawings approved by Tenant. Landlord shall use commercially reasonable efforts to obtain the Tl Permit as soon as reasonably possible following the approval of the Tl Construction Drawings. The cost of obtaining the Tl Permit shall be payable by Landlord. Tenant shall assist Landlord in obtaining the Tl Permit. If any Governmental Authority having jurisdiction over the construction of Landlord’s Work or any portion thereof shall impose terms or conditions upon the construction thereof that: (i) are inconsistent with Landlord’s obligations hereunder, (ii) increase the cost of constructing Landlord’s Work, or (iii) will materially delay the construction of Landlord’s Work, Landlord and Tenant shall reasonably and in good faith seek means by which to mitigate or eliminate any such adverse terms and conditions.

Appears in 1 contract

Samples: Lease Agreement (Epizyme, Inc.)

AutoNDA by SimpleDocs

Commencement and Permitting. Landlord shall commence construction of the Tenant Improvements upon obtaining a building permit (the “T1 TI Permit”) authorizing the construction of the Tenant Improvements consistent with the Tl TI Construction Drawings approved by Tenant. Landlord shall use commercially reasonable efforts to obtain the Tl TI Permit as soon as reasonably possible following within a reasonable period after the approval date of the Tl Construction Drawingsthis Work Letter. The cost of obtaining the Tl TI Permit shall be payable by Landlord. Tenant shall assist Landlord in obtaining the Tl TI Permit. If any Governmental Authority having jurisdiction over the construction of Landlord’s Work or any portion thereof shall impose terms or conditions upon the construction thereof that: (i) are inconsistent with Landlord’s obligations hereunder, (ii) increase the cost of constructing Landlord’s Work, or (iii) will materially delay the construction of Landlord’s Work, Landlord and Tenant shall reasonably and in good faith seek means by which to mitigate or eliminate any such adverse terms and conditions.

Appears in 1 contract

Samples: Lease Agreement (Eleven Biotherapeutics, Inc.)

Commencement and Permitting. Landlord shall commence construction of the Tenant Improvements upon obtaining a building permit (the “T1 TI Permit”) authorizing the construction of the Tenant Improvements consistent in accordance with the Tl TI Construction Drawings approved by Tenant. Landlord shall use commercially reasonable efforts to obtain the Tl Permit as soon as reasonably possible following the approval of the Tl Construction Drawings. The cost of obtaining the Tl TI Permit shall be payable by Landlord. Tenant shall assist Landlord in obtaining the Tl TI Permit, at Landlord’s expense. If any Governmental Authority having jurisdiction over the construction of Landlord’s Work or any portion thereof shall impose terms or conditions upon the construction thereof that: (i) are inconsistent with Landlord’s obligations hereunderhereunder in any material respect, (ii) increase the cost of constructing Landlord’s WorkWork beyond the amount set forth in the Budget (including contingencies), or (iii) will materially delay the construction of Landlord’s WorkWork beyond the time set forth in the Schedule, Landlord and Tenant shall reasonably and in good faith seek means by which to mitigate or eliminate any such adverse terms and conditions.

Appears in 1 contract

Samples: Lease Agreement (Pharmathene, Inc)

AutoNDA by SimpleDocs

Commencement and Permitting. Landlord shall commence obtain the necessary permits authorizing the construction of the Tenant Improvements upon obtaining Building Shell consistent with the Building Shell Construction Drawings (the “Building Shell Permit”) and a building permit (the “T1 Permit”) authorizing the construction of the Tenant Improvements (the “TI Permit”) consistent with the Tl TI Construction Drawings approved by Tenant. Landlord shall use commercially reasonable efforts to obtain the Tl Permit as soon as reasonably possible following the approval of the Tl Construction Drawings. The cost of obtaining the Tl Building Shell Permit and the TI Permit shall be payable by Landlord. Tenant shall reasonably assist Landlord in obtaining the Tl Building Shell Permit and the TI Permit. If any Governmental Authority having jurisdiction over the construction of Landlord’s Work or any portion thereof shall impose terms or conditions upon the construction thereof that: (i) are inconsistent with Landlord’s obligations hereunder, (ii) increase the cost of constructing Landlord’s Work, or (iii) will materially delay the construction of Landlord’s Work, Landlord and Tenant shall reasonably and in good faith seek means by which to mitigate or eliminate any such adverse terms and conditions.

Appears in 1 contract

Samples: Lease Agreement (Otonomy, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!