Common use of Landlord Delays Clause in Contracts

Landlord Delays. If the Premises are not substantially completed by the fixed date specified in Section 1.7 due to default on the part of Landlord (as determined in accordance with Article 26 below), then as Tenant’s sole remedy for the delay in Tenant’s occupancy of the Premises, the fixed date component of the definition of the Commencement Date shall be delayed for the period of delay in substantial completion of the Premises resulting from Landlord’s default. The Premises shall be deemed “substantially completed” when (i) Landlord has provided reasonable access to the Premises to Tenant, (ii) Landlord has completed the work covered by the Work Letter other than details of construction which do not materially interfere with Tenant’s use of the Premises, and (iii) Landlord has obtained a permanent or temporary certificate of occupancy for the Premises (or its equivalent).

Appears in 3 contracts

Samples: Lease Agreement (CardioVascular BioTherapeutics, Inc.), Lease Agreement (Vendingdata Corp), Lease Agreement (Elixir Gaming Technologies, Inc.)

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Landlord Delays. If the Premises are not substantially completed by the fixed date specified in Section 1.7 due to default on the part of Landlord (as determined in accordance with Article 26 below), then as Tenant’s 's sole remedy for the delay in Tenant’s 's occupancy of the Premises, the fixed date component of the definition of the Commencement Date shall be delayed for far the period of delay in substantial completion of the Premises the'Premises resulting from Landlord’s default. 's default The Premises shall be deemed *substantially completed" when (iI) Landlord has provided reasonable access to the Premises to Tenant, (iin) Landlord has completed the work covered by the Work Letter other than details of construction which do not materially interfere with Tenant’s 's use of the Premises, and (iii) Landlord has obtained a permanent or temporary certificate of occupancy .occupancy for the Premises (or its equivalent).

Appears in 1 contract

Samples: Lease Agreement (Patient Infosystems Inc)

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