Common use of Completion of Tenant Improvements and Possession of Premises Clause in Contracts

Completion of Tenant Improvements and Possession of Premises. Upon execution of this Lease by the parties, Landlord shall proceed to complete the tenant improvements in the Premises described as "Landlord's Work" in the "Construction Work Letter" attached hereto and incorporated herein as Exhibit C. At the time such work has been substantially completed in accordance with the Construction Work Letter, except for minor decorative or other "punch list" items as contemplated in subsection D. below, and the Premises has been approved for occupancy under the applicable building code (which together shall constitute "Substantial Completion" hereunder), Landlord shall notify Tenant thereof and Tenant shall take possession of the Premises on or after the Lease Commencement Date. In the event permission is given to Tenant to enter or occupy all or a portion of the Premises prior to the Lease Commencement Date, such occupancy shall be subject to all of the terms and conditions of this Lease. All tenant improvements constructed in the Premises, whether by Landlord or by (or on behalf of) Tenant and whether at Landlord's or Tenant's expense, shall become part of the Premises and shall be and remain the property of Landlord unless Landlord specifically agrees otherwise in writing.

Completion of Tenant Improvements and Possession of Premises. Upon execution of this Lease by the parties, Landlord shall proceed to complete the tenant improvements in the Premises described as "Landlord's Work" in the "Construction Work Letter" attached hereto and incorporated herein as Exhibit EXHIBIT C. At the time such work has been substantially completed in accordance with the Construction Work Letter, except for minor decorative or other "punch list" items as contemplated in subsection D. below, and the Premises has been approved for occupancy under the applicable building code Letter(2) (which together shall constitute "Substantial Completion" hereunder"), Landlord shall notify Tenant thereof and Tenant shall take possession of the Premises on or after the Lease Commencement Date. In the event permission is given to Tenant to enter or occupy all or a portion of the Premises prior to the Lease Commencement Date, such occupancy shall be subject to all of the terms and conditions of this Lease. Tenant shall complete all tenant improvements described as "Tenant's Work" in EXHIBIT C hereto, and shall open the Premises for business, on or before the Lease Commencement Date. Any professional fees or costs and expenses incurred by Landlord in reviewing plans and specifications for Tenant's Work shall be (3)paid to Landlord by Tenant upon demand as additional rent. All tenant improvements constructed in the Premises, whether by Landlord or by (or on behalf of) Tenant and whether at Landlord's or Tenant's expense, shall become part of the Premises and shall be and remain the property of Landlord unless Landlord specifically agrees otherwise in writing.

Completion of Tenant Improvements and Possession of Premises. Upon execution of this Lease by the parties, Landlord shall proceed to complete the tenant improvements in the Premises described as "Landlord's Work" in the "Construction Work Letter" attached hereto and incorporated herein as Exhibit C. At the time such work has been substantially completed in accordance with the Construction Work Letter, except for minor decorative or other "punch list" items as contemplated in subsection D. below, and the Premises has been approved for occupancy under the applicable building code (which together shall constitute "Substantial Completion" hereunder), Landlord shall notify Tenant thereof and Tenant shall take possession of the Premises on or after the Lease Commencement Date. In the event permission is given to Tenant to enter or occupy all or a portion of the Premises prior to the Lease Commencement Date, such occupancy shall be subject to all of the terms and conditions of this Lease. All tenant improvements constructed in the Premises, whether by Landlord or by (or on behalf of) Tenant and whether at Landlord's or Tenant's expense, shall become part of the Premises and shall be and remain the property of Landlord unless Landlord specifically agrees otherwise in writing.