Common use of Habendum Clause in Contracts

Habendum. Tenant shall have and hold the Premises for a period commencing on the earlier of (a) that date on which the Premises are ready for occupancy as defined in Section 3.1 and Exhibit B-1 hereof, or (b) that date on which Tenant commences occupancy of any portion of the Premises for the Permitted Uses (it being agreed that Tenant’s exercise of its early access right under Section 1.1(B)(4) of Exhibit B-1 shall not be deemed to be commencement of occupancy for purposes of this Section 2.4), and continuing for the Term unless sooner terminated as provided in Article VI or Article VII or unless extended as provided in Section 9.18. Landlord agrees to use reasonable efforts to provide at least five (5) business days advance written notice of the date on which the Premises shall be ready for occupancy as defined in Section 3.1 and Exhibit B-1 hereof. As soon as may be convenient after the date has been determined on which the Term commences as aforesaid, Landlord and Tenant agree to join with each other in the execution of a written Declaration, in the form of Exhibit E, in which the date on which the Term commences as aforesaid and the Term of this Lease shall be stated. If Tenant fails to execute such Declaration, the Commencement Date and Lease Term shall be as reasonably determined by Landlord in accordance with the terms of this Lease.

Appears in 2 contracts

Samples: Burlington Mall Road (Flexion Therapeutics Inc), Burlington Mall Road (Flexion Therapeutics Inc)

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Habendum. Tenant shall have and hold the Premises for a period commencing on the earlier of (a) that date on which Landlord’s Work is Substantially Completed (or deemed Substantially Completed due to Tenant Delays) and the Premises are ready for occupancy as defined in Section 3.1 and Exhibit B-1 hereof, or (b) that date on which Tenant commences occupancy of any portion of the Premises for the Permitted Uses (it being agreed that Tenant’s exercise of its early access right under Section 1.1(B)(4) of Exhibit B-1 shall not be deemed to be commencement of occupancy for purposes of this Section 2.4)Uses, and continuing for the Term unless sooner terminated as provided in Article VI or Article VII VII, or unless extended as provided in Section 9.18. Landlord agrees to use reasonable efforts to provide at least five (5) business days advance written notice of the date on which the Premises shall be ready for occupancy as defined in Section 3.1 and Exhibit B-1 hereof. As soon as may be convenient after the date has been determined on which the Term commences as aforesaid, Landlord and Tenant agree to join with each other in the execution of a written Declaration, in the form of Exhibit E, in which the date on which the Term commences as aforesaid and the Term of this Lease shall be stated. If Tenant fails to execute such Declaration, the Commencement Date and Lease Term shall be as reasonably determined by Landlord in accordance with the terms of this Lease.

Appears in 2 contracts

Samples: Lease (Amag Pharmaceuticals, Inc.), Work Agreement (Amag Pharmaceuticals Inc.)

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Habendum. Tenant shall have and hold the Premises for a period commencing on the date (the “Commencement Date”) that is the earlier of (a) that date on which the Premises are have been delivered to Tenant broom clean and free of all personal property and occupants and claims of occupants and ready for occupancy as defined in Section 3.1 and Section 1.1.(B)(2) of Exhibit B-1 hereof, or (b) that date on which Tenant commences occupancy of any portion of the Premises for the Permitted Uses (it being agreed that Tenant’s exercise of its early access right under Section 1.1(B)(4) of Exhibit B-1 shall not be deemed to be commencement of occupancy for purposes of this Section 2.4)Use, and continuing for the Term unless sooner terminated as provided in Article VI or Article VII or unless extended as provided in Section 9.18. Landlord agrees to use reasonable efforts to provide at least five (5) business days advance written notice of the date on which the Premises shall be ready for occupancy as defined in Section 3.1 and Exhibit B-1 hereof. As soon as may be convenient after the date has been determined on which the Term commences as aforesaid, Landlord and Tenant agree to join with each other in the execution of a written Declaration, in the form of Exhibit E, in which the date on which the Term commences as aforesaid and the Term of this Lease shall be stated. If Tenant fails to execute such Declaration, the Commencement Date and Lease Term shall be as reasonably determined by Landlord in accordance with the terms of this Lease.

Appears in 2 contracts

Samples: Lease (Care.com Inc), Lease (Care.com Inc)

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