Commencement Date; Adjustments to Commencement Date Sample Clauses

Commencement Date; Adjustments to Commencement Date. For purposes of this Lease, the "COMMENCEMENT DATE" shall mean the earliest of: (a) five (5) days after Landlord notifies Tenant that Landlord has substantially completed the Landlord's Work and the Tenant Improvements have passed final inspection by the city of Addison, Texas; (b) the date on which Landlord would have substantially completed the Landlord's Work and tendered possession of the Premises to Tenant but for (i) the delay or failure of Tenant to furnish information or other matters required in the Work Letter, (ii) Tenant's request for changes in the Plans or non-Building Standard Items or (iii) any other action or inaction of Tenant, or any person or firm employed or retained by Tenant (collectively, items (i), (ii) and (iii) shall hereinafter be referred to as "Tenant Delay"); (c) the date on which Tenant takes possession of the Premises; and (d) August 1, 1997; provided that Landlord has made the Premises available to Tenant's architect as provided in the Work Letter on or before June 15, 1997, that the Premises are made available to Tenant's architect as provided in the Work Letter. If by the scheduled Commencement Date specified in Section 3 the Landlord's Work has not been substantially completed or Landlord is unable to tender possession of the Premises to Tenant, through no Tenant Delay, and such failure to substantially complete prevents Tenant from legally occupying the Premises, thereby using the Premises for their intended purpose, all as reasonably determined by Landlord, then the Commencement Date (and the commencement of payment of Base Rent and Additional Rent) shall be postponed until the Landlord's Work is substantially completed as reasonably determined by Landlord. Except as otherwise provided hereinbelow, the postponement of the payment of Base Rent and Additional Rent under this Section 6.3 shall be Tenant's exclusive remedy for Landlord's delay in completing the Landlord's Work or tendering possession of the Premises to Tenant. Notwithstanding the foregoing, in the event Tenant has prepared and Landlord has approved the construction drawings relating to Landlord's Work on or before June 15, 1997, and the actual Commencement Date with respect to that portion of the Premises other than the Ground Floor Premises has not occurred prior to December 15, 1997, and such delay is not a result of Tenant Delay, special order materials or Force Majeure, then Tenant shall have the option to terminate this Lease by giving written notice...
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Commencement Date; Adjustments to Commencement Date. For purposes of this Lease, the "Commencement Date" shall mean the earliest to occur of the following events (the "Lease Commencement Events"): (a) the date of Substantial Completion (as defined in the Work Letter Agreement) of the Premises; or (b) the date on which Landlord would have Substantially Completed the Premises and tendered possession of the Premises to Tenant but for Tenant Delays (as defined in the Work Letter Agreement); or (c) the date on which Tenant commences business operations in the Premises. Upon the occurrence of the Commencement Date, the parties will execute and deliver a certificate in the form of Exhibit F attached hereto stating and acknowledging the Commencement Date. Landlord shall not be subject to any liability, including, without limitation, lost profits or incidental or consequential damages for any delay or inability to deliver possession of the Premises to the Tenant. Such a delay or failure shall not affect the validity of this Lease or the obligations of the Tenant hereunder, other than the postponement of the Term until the Commencement Date occurs.
Sample 1
Commencement Date; Adjustments to Commencement Date. (a) For purposes of this Lease, the "COMMENCEMENT DATE" shall mean the earliest to occur of the following events (the "Lease Commencement Events"): (a) the date of Substantial Completion of the Landlord's Work on the Phase One Space, or (b) the date on which Landlord would have substantially completed the Landlord's Work on the Phase One Space and tendered possession of the Phase One Space to Tenant but for (i) the delay or failure of Tenant to furnish information, approvals or other matters required in the Work Letter Agreement, (ii) Tenant's request for changes in the Space Plan (as defined in the Work Letter Agreement) after execution of this Lease, or (iii) any other action or inaction of Tenant, or any person or firm employed or retained by Tenant, or (c) the date on which Tenant takes possession of the Premises or any portion thereof, including the Phase One Space. Subject to events of Force Majeure and the provisions of this paragraph 6.3, the Lease Commencement Date is scheduled to be as stated in Section "B" of the Summary of
Sample 1
Commencement Date; Adjustments to Commencement Date. The Lease Commencement Date is scheduled to be as stated in Section “B” of the Summary of Basic Lease Information. Landlord shall not be subject to any liability, including, without limitation, lost profits or incidental or consequential damages for any delay or inability to deliver possession of the Premises to Tenant. Such a delay or failure shall not affect the validity of this Lease or the obligations of Tenant hereunder, other than the postponement of the Lease Term.
Sample 1
Commencement Date; Adjustments to Commencement Date. For purposes of this Lease, the "COMMENCEMENT DATE" shall mean the earliest of: (a) the date on which Landlord substantially completes the Landlord's Work and tenders possession of the Premises to Tenant; (b) the date on which Landlord would have substantially completed the Landlords Work and tendered possession of the Premises to Tenant but for (i) the delay or failure of Tenant to furnish information or other matters required in the Work Letter, (ii) Tenants request for changes in the Plans or non-Building Standard Items or (iii) any other action or inaction of Tenant, or any person or firm employed or retained by Tenant or (1) the date on which Tenant takes possession of the Premises. If by the scheduled Commencement Date specified in Section 3 the Landlord's Work has not been substantially completed, and such failure to substantially complete renders the Premises untenable for their intended purpose, all as reasonably determined by Landlord, or Landlord is unable to tender possession of the Premises to Tenant, then the
Sample 1
Commencement Date; Adjustments to Commencement Date. For purposes of this Lease, the “Commencement Date” means the earliest of (i) the date on which the Improvements have been substantially completed, Landlord has received the COO and the TDH Document and Landlord tenders possession of the Leased Premises to Tenant or (ii) the date on which Tenant takes possession of the Leased Premises. Landlord shall use its best efforts to give Tenant approximately ninety (90) days’ prior written notice of the date on which Landlord expects the Commencement Date will occur under the foregoing clause (i), which notice shall include Landlord’s expected schedule for the Contractor’s substantial completion of the Landlord’s Work and Landlord’s receipt of the COO and the TDH Document.
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Related to Commencement Date; Adjustments to Commencement Date

  • Term Commencement Date The date that the Premises are Ready For Occupancy (as defined in Exhibit D attached hereto), which Term Commencement Date is anticipated to be August 1, 2015. In the event Landlord fails to deliver the Premises to Tenant with the Tenant Improvements Substantially Complete on or before November 1, 2015 ("First Outside Date") as such First Outside Date shall be extended due to Force Majeure delays and Tenant Delays, Tenant will be entitled to one day of free Monthly Base Rent, to be applied after the Term Commencement Date, for each day after such First Outside Date that the Premises are not delivered to Tenant as required hereunder. In the event fails to deliver the Premises to Tenant with the Tenant Improvements Substantially Complete on or before December 1, 2015 ("Second Outside Date"), as such Second Outside Date shall be deemed extended due to Force Majeure delays and Tenant Delays, Tenant may terminate this Lease by delivery of written notice to Landlord no later than that date which is five (5) business days after such Second Outside Date, in which case Landlord will immediately refund all amounts paid by Tenant pursuant to this Lease and Tenant shall have no further obligations to Landlord pursuant to this Lease except for those obligations which expressly survive the expiration or sooner termination of this Lease.

  • Rent Commencement Date The "Rent Commencement Date" shall be the date that Tenant first uses the Premises or any portion thereof for any purpose permitted under this lease. In the event this lease pertains to a building or building interior finish to be constructed, the "Rent Commencement Date" shall be the date upon which the buildings and other improvements erected and to be erected upon the premises shall have been substantially completed in accordance with the plans and specifications described on Exhibit "C" attached hereto and incorporated herein by reference, provided however, that if Landlord shall be delayed in such substantial completion as a result of: (i) Tenant's failure to agree to plans, specifications, and cost estimates, within a reasonable period of time; (ii) Tenant's request for materials, finishes or installations other than Landlord's standard; (iii) Tenant's changes in plans; the commencement date and the payment of rent hereunder shall be accelerated by the number of days of such delay, and provided further that if Landlord cannot substantially complete the premises as a result of any events (i) through (iii) above, Landlord may as its election complete so much of Landlord's work as may be practical under the circumstances and, by written notice to Tenant, establish the commencement date as the date of such partial completion, subject to any applicable accelerations due to delays resulting from events (i) through (iii) above. Taking possession by Tenant shall be deemed conclusively to establish that said buildings and other improvements have been completed in accordance with the plans and specifications and that the premises are in good and satisfactory condition, as of when possession was so taken. Tenant acknowledges that no representations as to the repair of the premises have been made by Landlord, unless such are expressly set forth in the lease. After such "Rent Commencement Date" Tenant shall, upon demand, execute and deliver to Landlord a letter of acceptance of delivery of the premises. In the event of any dispute as to substantial completion of work performed, execute or required to be performed by Landlord, the certificate of Landlord's architect or general contractor shall be conclusive.

  • Commencement Date The Subcontractor shall be permitted to begin the Services on ______________________, 20____ (“Commencement Date”).

  • Adjustment Date 6 Advance.......................................................................6 Affiliate.....................................................................6 Agreement.....................................................................6

  • Subsequent Recalculation In the event the Internal Revenue Service adjusts the computation of the Company under Section 5.2 herein so that the Executive did not receive the greatest net benefit, the Company shall reimburse the Executive for the full amount necessary to make the Executive whole, plus a market rate of interest, as determined by the Committee, within 30 days after such adjustment.

  • Commencement Date and Term 1.1 This Agreement shall come into force on [insert date] (the “Commencement Date”) and, subject to paragraph 1.2 below, shall continue in full force and effect until [insert date] OR [until all Services have been completed and all Deliverables have been delivered to the British Council’s satisfaction as set out in Schedule 2 (Terms of Reference)] (the “Term”). 1.2 Notwithstanding anything to the contrary elsewhere in this Agreement, the British Council shall be entitled to terminate this Agreement by serving not less than [insert number of days] days’ written notice on the Supplier.

  • Lease Commencement Date The earlier to occur of (i) the date upon which Tenant first commences to conduct business in the Premises, and (ii) the later to occur of (A) November 1, 2018 and (B) the date upon which the Premises are Ready for Occupancy (as that term is defined in Section 5.1 of the Tenant Work Letter attached hereto as Exhibit B (the “Tenant Work Letter”)).

  • Increment Date for Salary Grid Placement Upon achieving one (1) year of experience, an increment shall be awarded on the first of the month following the month in which the experience accumulation is earned.

  • Holiday Falling on a Scheduled Workday An Employee who works on a designated holiday which is a scheduled workday shall be compensated at the rate of double time for hours worked, plus a day off in lieu of the holiday; except for Christmas and New Year's when the compensation shall be at the rate of double time and one-half (2½) for hours worked, plus a day off subject to this Agreement.

  • Commencement of Interest Periods The first Interest Period shall commence on the Drawdown Date and each subsequent Interest Period shall commence on the expiry of the preceding Interest Period.

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