Effect of Delay. If the Occupancy Conditions specified in § 3.2.3 below are not met by the Target Date specified in § 1.4 above, the Commencement Date shall not occur until the date on which the Occupancy Conditions are met and Landlord delivers the Premises in the required condition; and in any such case, Tenant shall not have the right to terminate the Lease, but Tenant’s obligation to pay Rent shall be delayed until the occurrence of the Commencement Date.
Appears in 2 contracts
Samples: Office Lease (Satsuma Pharmaceuticals, Inc.), Office Lease (Satsuma Pharmaceuticals, Inc.)
Effect of Delay. If the Occupancy Conditions specified in § 3.2.3 below are not met by the Target Date specified in § 1.4 above, the Commencement Date shall not occur until be delayed by one day for each day that the date on which the Occupancy Conditions are met and Landlord delivers extends beyond the Premises Target Date specified in the required condition§ 1.4 above; and in any such case, Tenant shall not have the right to terminate the Lease, but Tenant’s obligation to pay Rent shall be delayed until the occurrence of the Commencement Date.
Appears in 1 contract
Samples: Office Lease (ESSA Pharma Inc.)
Effect of Delay. If the Occupancy Conditions specified in § 3.2.3 3.2.2 below are not met by the Target Commencement Date specified in § 1.4 above, the Commencement Date shall not occur until be delayed by one day for each day that the date on which the Occupancy Conditions are met and Landlord delivers extends beyond the Premises Commencement Date specified in the required condition§ 1.4 above; and in any such case, Tenant shall not have the right to terminate the Lease, but Tenant’s obligation to pay Rent shall be delayed until the occurrence of the Commencement Date.
Appears in 1 contract
Samples: Office Lease (Day One Biopharmaceuticals Holding Co LLC)
