Common use of Delays Caused by Tenant Clause in Contracts

Delays Caused by Tenant. There shall be no abatement of rent, and the ninety (90) day period specified in Section 2.4 shall be deemed extended, to the extent of any delays caused by acts or omissions of Tenant, Tenant’s agents, employees and contractors, or for Tenant delays as defined in any work letter agreement attached to this Lease, if any (hereinafter “Tenant Delays”). Tenant shall pay to Landlord an amount equal to one thirtieth (1/30th) of the Base Monthly Rent due for the first full calendar month of the Lease term for each day of Tenant Delay. For purposes of the foregoing calculation, the Base Monthly Rent payable for the first full calendar month of the term of this Lease shall not be reduced by any abated rent, conditionally waived rent, free rent or similar rental concessions, if any. Landlord and Tenant agree that the foregoing payment constitutes a fair and reasonable estimate of the damages Landlord will incur as the result of a Tenant Delay. Within thirty (30) days after Landlord tenders possession of the Premises to Tenant, Landlord shall notify Tenant of Landlord’s reasonable estimate of the date Landlord could have delivered possession of the Premises to Tenant but for the Tenant Delays. After delivery of said notice, Tenant shall immediately pay to Landlord the amount described above for the period of Tenant Delay.

Appears in 2 contracts

Samples: Office Lease (Arteris, Inc.), Office Lease (Arteris, Inc.)

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Delays Caused by Tenant. There shall be no abatement of rent, and the ninety (90) day period specified in Section 2.4 shall be deemed extended, rent to the extent of any delays caused by acts or omissions of Tenant, Tenant’s 's agents, employees and contractors, or for Tenant delays as defined in any the work letter agreement attached to this Lease, if any (hereinafter "Tenant Delays"). Tenant shall pay to Landlord an amount equal to one thirtieth (1/30th) of the Base Monthly Rent due for the first full calendar month of the Lease term Term for each day of Tenant Delay. For purposes of the foregoing calculation, the Base Monthly Rent payable for the first full calendar month of the term of this Lease Term shall not be reduced by any abated rent, conditionally waived rent, free rent or similar rental concessions, if any. Landlord and Tenant agree that the foregoing payment constitutes a fair and reasonable estimate of the damages Landlord will incur as the result of a Tenant Delay. Within thirty (30) days after Landlord tenders possession of the Premises to Tenant, Landlord shall notify Tenant of Landlord’s 's reasonable estimate of the date Landlord could have delivered possession of the Premises to Tenant but for the Tenant Delays. After delivery of said notice, Tenant shall immediately pay to Landlord the amount described above for the period of Tenant Delay.

Appears in 1 contract

Samples: Standard Office Lease (Echo Therapeutics, Inc.)

Delays Caused by Tenant. There shall be no abatement of rent, and the ninety one hundred twenty (90120) day period and the two hundred forty (240) day period specified in Section 2.4 3.2 shall be deemed extended, to the extent of any delays caused by acts or omissions of Tenant, Tenant’s 's agents, employees and contractors, or for Tenant delays as defined in any work letter agreement attached to this Lease, if any (hereinafter "Tenant Delays"). Tenant shall pay to Landlord an amount equal to one thirtieth (1/30th) of the Base Monthly Rent due for the first full calendar month of the Lease term for each day of Tenant Delay. For purposes of the foregoing calculation, the Base Monthly Rent payable for the first full calendar month of the term of this Lease shall not be reduced by any abated rent, conditionally waived rent, free rent or similar rental concessions, if any. Landlord and Tenant agree that the foregoing payment constitutes a fair and reasonable estimate of the damages Landlord will incur as the result of a Tenant Delay. Within thirty (30) days after Landlord tenders possession of the Premises to Tenant, Landlord shall notify Tenant of Landlord’s 's reasonable estimate of the date Landlord could have delivered possession of the Premises to Tenant but for the Tenant Delays. After delivery of said notice, Tenant shall immediately pay to Landlord the amount described above for the period of Tenant Delay.

Appears in 1 contract

Samples: Office Lease (Motivating the Masses Inc)

Delays Caused by Tenant. There shall be no abatement of rent, and the ninety (90) day period and the one hundred eighty (180) day period specified in Section 2.4 section 3.2 shall be deemed extended, to the extent of any delays caused by acts or omissions of Tenant, Tenant’s agents, employees and contractors, or for Tenant delays Delays as defined in any work letter agreement the Work Letter Agreement attached to this LeaseLease as Exhibit D (the “Work Letter”), if any any, that result in a delay in the completion of the Improvements, as defined in the Work Letter Agreement (hereinafter “Tenant Delays”). Tenant shall pay to Landlord an amount equal to one thirtieth (1/30th) of the Base Monthly Rent due for the first full calendar month of the Lease term for each day of Tenant Delay. For purposes of the foregoing calculation, the Base Monthly Rent payable for the first full calendar month of the term of this Lease shall not be reduced by any abated rent, conditionally waived rent, free rent or similar rental concessions, if any. Landlord and Tenant agree that the foregoing payment constitutes a fair and reasonable estimate of the damages Landlord will incur as the result of a Tenant Delay. If Landlord contends that a Tenant Delay has occurred, Landlord shall notify Tenant in writing (the “Delay Notice”) within five (5) business days after the date upon which such contended Tenant Delay became known to Landlord. Landlord’s failure to deliver such notice to Tenant with respect to a contended Tenant Delay shall be deemed to be a waiver by Landlord of such contended Tenant Delay. If such actions, inaction or circumstances described in the Delay Notice are not cured within one (1) business day of Tenant’s receipt of the Delay Notice and if such actions, inaction or circumstances otherwise qualified as a Tenant Delay, then a Tenant Delay shall be deemed to have occurred commencing as of the date the Tenant Delay first occurred and ending on the date that Tenant has taken the action or remedied the circumstance that caused the Tenant Delay to commence. Within thirty (30) days after Landlord tenders possession of the Premises to Tenant, Landlord shall notify Tenant of Landlord’s reasonable estimate of the date Landlord could have delivered possession of the Premises to Tenant but for the total amount of Tenant DelaysDelay. After delivery of said Within ten (10) days after receiving such notice, Tenant shall immediately pay to Landlord the amount described above for the period of Tenant Delay.

Appears in 1 contract

Samples: Office Lease (Ign Entertainment Inc)

Delays Caused by Tenant. There shall be no abatement of rent, and the ninety sixty (9060) day period specified in Section 2.4 3.2 shall be deemed extended, to the extent of any delays caused by acts or omissions of Tenant, Tenant’s agents, employees and contractors, or for Tenant delays as defined in any the work letter agreement attached to this Lease, if any (hereinafter “Tenant Delays”). Tenant shall pay to Landlord an amount equal to one thirtieth (1/30th) of the Base Monthly Rent due for the first full calendar month of the Lease term Term for each day of Tenant Delay. For purposes of the foregoing calculation, the Base Monthly Rent payable for the first full calendar month of the term of this Lease Term shall not be reduced by any abated rent, conditionally waived rent, free rent or similar rental concessions, if any. Landlord and Tenant agree that the foregoing payment constitutes a fair and reasonable estimate of the damages Landlord will incur as the result of a Tenant Delay. Within thirty (30) days after Landlord tenders possession of the Premises to Tenant, Landlord shall notify Tenant of Landlord’s reasonable estimate of the date Landlord could have delivered possession of the Premises to Tenant but for the Tenant Delays. After delivery of said notice, Tenant shall immediately pay to Landlord the amount described above for the period of Tenant Delay.

Appears in 1 contract

Samples: Lease Agreement (Regenerx Biopharmaceuticals Inc)

Delays Caused by Tenant. There shall be no abatement of rent, and the forty-five (45) day period and the ninety (90) day period specified in Section 2.4 section 3.2 shall be deemed extended, to the extent of any delays caused by acts or omissions of Tenant, Tenant’s 's agents, employees and contractors, or for Tenant delays as defined in any work letter agreement attached to this Lease, if any (hereinafter “Tenant Delays”"TENANT DELAYS"). Tenant shall pay to Landlord an amount equal to one thirtieth (1/30th) of the Base Monthly Rent due for the first full calendar month of the Lease term for each day of Tenant Delay. For purposes of the foregoing calculation, the Base Monthly Rent payable for the first full calendar month of the term of this Lease shall not be reduced by any abated rent, conditionally waived rent, free rent or similar rental concessions, if any. Landlord and Tenant agree that the foregoing payment constitutes a fair and reasonable estimate of the damages Landlord will incur as the result of a Tenant Delay. Within thirty (30) days after Landlord tenders possession of the Premises to Tenant, Landlord shall notify Tenant of Landlord’s 's reasonable estimate of the date Landlord could have delivered possession of the Premises to Tenant but for the Tenant Delays. After delivery of said notice, Tenant shall immediately pay to Landlord the amount described above for the period of Tenant Delay.

Appears in 1 contract

Samples: Standard Industrial Lease (Jabil Circuit Inc)

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Delays Caused by Tenant. There shall be no abatement of rent, and the ninety one hundred twenty (90120) day period and the two hundred forty (240) day period specified in Section 2.4 section 3.2 shall be deemed extended, to the extent of any delays caused by acts or omissions of Tenant, Tenant’s 's agents, employees and contractors, or for Tenant delays as defined in any work letter agreement attached to this Lease, if any (hereinafter "Tenant Delays"). Tenant shall pay to Landlord an amount equal to one thirtieth (1/30th) of the Base Monthly Rent due for the first full calendar month of the Lease term for each day of Tenant Delay. For purposes of the foregoing calculation, the Base Monthly Rent payable for the first full calendar month of the term of this Lease shall not be reduced by any abated rent, conditionally waived rent, free rent or similar rental concessions, if any. Landlord and Tenant agree that the foregoing payment constitutes a fair and reasonable estimate of the damages Landlord will incur as the result of a Tenant Delay. Within thirty (30) days after Landlord landlord tenders possession of the Premises to Tenant, Landlord shall notify Tenant of Landlord’s 's reasonable estimate of the date Landlord landlord could have delivered possession of the Premises to Tenant but for the Tenant Delays. After delivery of said notice, Tenant shall immediately pay to Landlord the amount described above for the period of Tenant Delay.

Appears in 1 contract

Samples: Standard Office Lease (United Panam Financial Corp)

Delays Caused by Tenant. There shall be no abatement of rent, and the ninety (90) day period specified in Section 2.4 shall be deemed extended, rent to ------------------------ the extent of any delays caused by acts or omissions of Tenant, Tenant’s 's agents, employees and contractors, or for Tenant delays as defined in any work letter agreement Exhibit B attached --------- to this Lease, if any Lease (hereinafter "Tenant Delays"). Tenant shall pay to Landlord an amount equal to one thirtieth (1/30th) of the Base Monthly Basic Rent due for the first full calendar month of the Lease term Term for each day of Tenant Delay. For purposes of the foregoing calculation, the Base Monthly Basic Rent payable for the first full calendar month of the term of this Lease Term shall not be reduced by any abated rent, conditionally waived rent, free rent or similar rental concessions, if any. Landlord and Tenant agree that the foregoing payment constitutes a fair and reasonable estimate of the damages Landlord will incur as the result of a Tenant Delay. Within thirty (30) days after Landlord tenders possession of the Leased Premises to Tenant, Landlord shall notify Tenant of Landlord’s 's reasonable estimate of the date Landlord could have delivered possession of the Leased Premises to Tenant but for the Tenant Delays. After delivery of said notice, Tenant shall immediately pay to Landlord the amount described above for the period of Tenant Delay.

Appears in 1 contract

Samples: Deed of Lease (Noosh Inc)

Delays Caused by Tenant. There shall be no abatement of rent, and the ninety one hundred thirty-five (90135) day period and the one hundred eighty (180) day period specified in Section 2.4 3.2 shall be deemed extended, to the extent of any delays caused solely by acts or omissions of Tenant, Tenant’s agents, employees and contractors, or for Tenant delays as defined in any the work letter agreement attached to this Lease, if any (hereinafter “Tenant Delays”). Tenant shall pay to Landlord an amount equal to one thirtieth (1/30th) of the Base Monthly Rent due for the first full calendar month of the Lease term Term for each day of Tenant Delay. For purposes of the foregoing calculation, the Base Monthly Rent payable for the first full calendar month of the term of this Lease shall not be reduced by any abated rent, conditionally waived rent, free rent or similar rental concessions, if any. Landlord and Tenant agree that the foregoing payment constitutes a fair and reasonable estimate of the damages Landlord will incur as the result of a Tenant Delay. Within thirty (30) days after Landlord tenders possession of the Premises to Tenant, Landlord shall notify Tenant of Landlord’s reasonable estimate of the date Landlord could have delivered possession of the Premises to Tenant but for the Tenant Delays. After delivery of said notice, Tenant shall immediately pay to Landlord the amount described above for the period of Tenant Delay.

Appears in 1 contract

Samples: Standard Office Lease (Wilshire Enterprises Inc)

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