Common use of Delay in Delivery of Possession Clause in Contracts

Delay in Delivery of Possession. 4.01 If Landlord, for any reason whatsoever, cannot deliver possession of the Leased Premises to Tenant at the commencement of the term of this Lease, this Lease shall not be void or voidable, nor shall Landlord be liable to Tenant for any loss or damage resulting therefrom, but in that event there shall be a proportionate reduction of rent covering the period between the commencement of the term and the time when Landlord can deliver possession. If delay is longer than three (3) months, Landlord will provide Tenant such space (not exceeding in area the Leased Premises) as Landlord may have available, until the Leased Premises can be completed, at no charge to Tenant. The term of this Lease shall be extended by such delay.

Appears in 5 contracts

Samples: Lease Agreement (Bioshield Technologies Inc), Lease Agreement (Innotrac Corp), Lease Agreement (First Horizon Pharmaceutical Corp)

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Delay in Delivery of Possession. 4.01 7.01. If Landlord, for any reason whatsoever, cannot deliver possession of the Leased Premises to Tenant at the commencement of the term of this Lease, this Lease shall not be void or voidable, nor shall Landlord be liable to Tenant for any loss or damage resulting therefrom, but in that event there shall be a proportionate reduction of rent covering the period between the commencement of the term and the time when Landlord can deliver possession. If delay is longer than three (3) months, Landlord will provide Tenant such space (not exceeding in area the Leased Premises) as Landlord may have available, until the Leased Premises can be completed, at no charge to Tenant. The term of this Lease shall be extended by such delay.. USE OF LEASED PREMISES

Appears in 1 contract

Samples: Lease Agreement (CNB Holdings Inc /Ga/)

Delay in Delivery of Possession. 4.01 If Landlord, for any reason whatsoever, cannot deliver possession of the Leased Premises to Tenant at the commencement of the term of this Lease, this Lease shall not be void or voidable, nor shall Landlord be liable to Tenant for any loss or damage resulting therefrom, but in that the event there shall be a proportionate reduction of rent covering the period between the commencement of the term and the time when Landlord can deliver possession. If delay is longer than three (3) months, Landlord will provide Tenant equivalent space as the Lease Premise or other such space (not exceeding in area the Leased Premises) as Landlord may have available, until the Leased Premises Lease Premise can be completed, at no charge to Tenant. The term of this Lease shall be extended by such delay.

Appears in 1 contract

Samples: Lease Agreement (Intelligent Systems Corp)

Delay in Delivery of Possession. 4.01 If Landlord, for any reason whatsoever, cannot deliver possession of the Leased Premises Promises to Tenant at the commencement of the term of this Lease, this Lease shall not be void or voidable, nor shall Landlord be liable to Tenant for any loss or damage resulting therefrom, but in that the event there shall be a proportionate reduction of rent covering the period between the commencement of the term and the time when Landlord can deliver possession. If delay is longer than three (3) months, Landlord will provide Tenant such space (not exceeding in area the Leased Premises) as Landlord may have available, until the Leased Premises can be completed, at no charge to Tenant. Tenants The term of this Lease shall be extended by such delay.

Appears in 1 contract

Samples: Lease Agreement (MST Enterprises Inc)

Delay in Delivery of Possession. 4.01 If Landlord, for any reason whatsoever, cannot deliver possession of the Leased Premises to Tenant at the commencement of the term of this Lease, this Lease shall not be void or voidable, nor shall Landlord be liable to Tenant for any loss or damage resulting therefrom, but in that the event there shall be a proportionate reduction of rent covering the period between the commencement of the term and the time when Landlord can deliver possession. If delay is longer than three (3) months, Landlord will provide Tenant equivalent space as the lease premise or other such space (not exceeding in area the Leased Premises) as Landlord may have available, until the Leased Premises lease premise can be completed, at no charge to Tenant. The term of this Lease shall be extended by such delay.

Appears in 1 contract

Samples: Lease Agreement (Paysys International Inc)

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Delay in Delivery of Possession. 4.01 If Landlord, for any reason whatsoever, cannot deliver possession of the Leased Premises to Tenant at the commencement of the term of this Lease, this Lease shall not be void or voidable, nor shall Landlord be liable to Tenant for any loss or damage resulting therefrom, therefrom but in that event there shall be a proportionate reduction of rent covering the period between the commencement of the term and the time when Landlord can deliver possession. If Of delay is longer than three one (31) months, Landlord will provide Tenant such space (not exceeding in area the Leased Premises) as Landlord may have available, until the Leased Premises can be completed, at no charge to Tenant. The term of this Lease shall be extended by such delay.

Appears in 1 contract

Samples: Lease Agreement (Leisure Time Casinos & Resorts Inc)

Delay in Delivery of Possession. 4.01 If Landlord, for any reason whatsoeverwhatsoever except gross negligence or willful misconduct, cannot deliver possession of the Leased Premises to Tenant at the commencement of the term of this Lease, this Lease shall not be void or voidable, nor shall Landlord be liable to Tenant for any loss or damage resulting therefrom, but in that event there shall be a proportionate reduction of rent covering the period between the commencement of the term and the time when Landlord can deliver possession. If delay is longer than three (3) months, Landlord will provide Tenant such space (not exceeding in area the Leased Premises) as Landlord may have available, until the Leased Premises can be completed, at no charge to Tenant. The term of this Lease shall be extended by such delay.

Appears in 1 contract

Samples: Lease Agreement (Novoste Corp /Fl/)

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