Common use of Commencement of Lease Term Clause in Contracts

Commencement of Lease Term. The lease term shall commence as provided in Section 1.3 of the lease. If substantial completion of Tenant Work is delayed as a result of: (i) Lessee’s failure to timely deliver the plans and specifications identified in Section 4.2 of this Exhibit or any inadequacy in such plans and specifications; or (ii) Lessee’s failure to approve plans and specifications and price by the dates or within the time periods required by the lease (including this Exhibit); or (iii) Lessee’s change(s) in Final Preliminary Plans or Final Contract Documents after they have been approved by Lessor where Lessee has been advised by Lessor that such change will cause delay, and notwithstanding such advice Lessor elects to require such changes; or (iv) Lessee’s requests for materials, finishes or installations other than the building standard items and improvements specified by Lessor for the Building, where Lessee has been advised by Lessor that use of such non building standard item(s) will cause delay, and notwithstanding such advice, Lessee elects to use such non building standard item(s); or (v) Lessee’s failure to timely perform any of its other obligations under the lease (including this Exhibit) (this provision (v) will operate only if Lessor has provided Lessee with notice of one of the enumerated failures on Lessee’s part and Lessee has failed to remedy such failure within two (2) business days after receipt of such notice); then the costs of such delays shall be a charge to Tenant Work and Lessor shall be deemed to have delivered possession of the leased premises to Lessee and the lease term and rent shall commence five (5) days after the date such work would have Substantially Completed if it was not so delayed. This Section 5.6 pertains only to delay which causes occupancy of the leased premises to be delayed until after January 1, 1993.

Commencement of Lease Term. The lease term shall not commence as provided in Section 1.3 until Lessor has substantially completed all work to be performed by Lessor under the provisions of this Exhibit, except for the leasecompletion or correction of items on the Architect's punch list. If substantial completion of Tenant Work is delayed Lessor shall be delayed, however, in substantially completing said work as a result of: (i) Lessee’s 's failure to provide sufficient information to Lessor's Architect to allow timely deliver delivery of the plans and specifications identified in Section 4.2 of this Exhibit or any inadequacy in such plans and specificationsExhibit; or (ii) Lessee’s 's failure to approve plans and specifications and price by the dates or within the time periods required by the lease (including this Exhibit); or (iii) Lessee’s 's change(s) in Final Preliminary Plans or Final Contract Documents after they have been approved by Lessor where Lessee has been advised by Lessor that such change will cause delay, and notwithstanding such advice Lessor elects to require such changesLessor; or (iv) Lessee’s 's requests for materials, finishes or installations other than the building standard items and improvements specified by Lessor for the Building, where Lessee has been advised by Lessor that use of such non building standard item(s) will cause delay, and notwithstanding such advice, Lessee elects to use such non building standard item(s)building; or (v) Delays in delivery of special materials; or (vi) Lessee’s 's failure to timely perform any of its other obligations under the lease (including this Exhibit) (this provision (v) will operate only if Lessor has provided Lessee with notice of one of the enumerated failures on Lessee’s part and Lessee has failed to remedy such failure within two (2) business days after receipt of such notice); , then the reasonable costs of such delays to Lessor shall be a charge to Tenant Work and Lessor shall be deemed to have delivered possession of the leased premises Leased Premises to Lessee and the lease term and rent shall commence five on (5a) days after the date such work Lessor would have Substantially Completed substantially completed the work if it was not so delayed. This Section 5.6 pertains only to delay which causes occupancy of , or (b) the leased premises to be delayed until after January 1Lease Commencement Date otherwise provided for in this Lease, 1993whichever is later.