Common use of Outside Date Clause in Contracts

Outside Date. In the event that the Substantial Completion of the Tenant Improvements in the Premises has not occurred by the “Outside Date,” which shall be September 30, 2010, as such September 30, 2010 date shall be extended by the number of days of Tenant Delays and by the number of days of “Force Majeure Delays” (as defined in Section 11.7 of this Tenant Work Letter below), each day shall be a “Landlord Delay,” and Tenant may elect to either (i) ▇▇▇▇▇ rent payable under the Lease by two (2) days for every day of Landlord Delay, or (ii) deliver a notice to Landlord (the “Outside Date Termination Notice”) electing to terminate the Lease effective upon receipt of the Outside Date Termination Notice by Landlord (the “Effective Date”). Except as provided hereinbelow, the Outside Date Termination Notice must be delivered by Tenant to Landlord, if at all, not earlier than the Outside Date and not later than five (5) business days after the Outside Date. If Tenant delivers the Outside Date Termination Notice to Landlord, then Landlord shall have the right to suspend the Effective Date for a period ending thirty (30) days after the original Effective Date. In order to suspend the Effective Date, Landlord must deliver to Tenant, within five (5) business days after receipt of the Outside Date Termination Notice, a certificate of the Contractor certifying that it is such Contractor’s best good faith judgment that Substantial Completion of the Tenant Improvements in the Premises will occur within thirty (30) days after the original Effective Date. If Substantial Completion of the Tenant Improvements in the Premises occurs within said thirty (30) day suspension period, then the Outside Date Termination Notice shall be of no further force and effect; if, however, Substantial Completion of the Tenant Improvements in the Premises does not occur within said thirty (30) day suspension period, then this Lease shall terminate as of the date of expiration of such thirty (30) day period. If prior to the Outside Date Landlord determines that Substantial Completion of the Tenant Improvements in the Premises will not occur by the Outside Date, Landlord shall have the right to deliver a written notice to Tenant stating Landlord’s opinion as to the date by which Substantial Completion of the Tenant Improvements in the Premises shall occur and Tenant shall be required, within five (5) business days after receipt of such notice, to either deliver the Outside Date Termination Notice (which will mean that this Lease shall thereupon terminate and shall be of no further force and effect) or agree to extend the Outside Date to that date which is set by Landlord subject to Tenant’s Rent abatement rights set forth above. Failure of Tenant to so respond in writing within said five (5) business day period shall be deemed to constitute Tenant’s agreement to extend the Outside Date to that date which is set by Landlord subject to Tenant’s Rent abatement rights set forth above. If the Outside Date is so extended, ▇▇▇▇▇▇▇▇’s right to request Tenant to elect to either terminate or further extend the Outside Date shall remain and shall continue to remain, with each of the notice periods and response periods set forth above, until the Substantial Completion of the Tenant Improvements in the Premises or until this Lease is terminated.

Appears in 1 contract

Sources: Lease (GenMark Diagnostics, Inc.)

Outside Date. In the event that the Substantial Completion (as defined in the Work Letter Agreement) of the Tenant Improvements in the Premises has not occurred by September 1, 2004 (the “Outside Date,” which shall be September 30, 2010”), as such September 30, 2010 date shall Outside Date may be extended by the number of days of Tenant Delays (as defined in the Work Letter Agreement) and by the number of days of Force Majeure Delays” Delays (as defined in Section 11.7 of this Tenant Work Letter below32.15 hereof), each day then the sole remedy of Tenant shall be a “Landlord Delay,” and Tenant may elect the right to either (i) ▇▇▇▇▇ rent payable under the Lease by two (2) days for every day of Landlord Delay, or (ii) deliver a notice to Landlord (the “Outside Date Termination Notice”) electing to terminate the this Lease effective upon receipt of the Outside Date Termination Notice by Landlord (the “Effective Date”). Except as provided hereinbelow, the Outside Date Termination Notice must be delivered by Tenant to Landlord, if at all, not earlier than the Outside Date and not later than five (5) business days after the Outside Date. If Tenant delivers the Outside Date Termination Notice to Landlord, then Landlord shall have the right to suspend the Effective Date for a period ending thirty (30) days after the original Effective Date. In order to suspend the Effective Date, Landlord must deliver to Tenant, within five (5) business days after receipt of the Outside Date Termination Notice, a certificate of the Contractor (as defined in the Work Letter Agreement) certifying that it is such Contractor’s best good faith judgment that Substantial Completion of the Tenant Improvements in the Premises will occur within thirty (30) days after the original Effective Date. If Substantial Completion of the Tenant Improvements in the Premises occurs within said thirty (30) day suspension period, then the Outside Date Termination Notice shall be of no further force and effect; if, however, Substantial Completion of the Tenant Improvements in the Premises does not occur within said thirty (30) day suspension period, then this Lease shall terminate as of the date of expiration of such thirty (30) day period. If prior to the Outside Date Landlord determines that Substantial Completion Upon termination of the Tenant Improvements in Lease pursuant to this Section 2.3, the Premises will not occur by parties shall be relieved of all further obligations under this Lease except for those obligations under this Lease which expressly survive the Outside Date, Landlord shall have the right to deliver a written notice to Tenant stating Landlord’s opinion as to the date by which Substantial Completion expiration or sooner termination of the Tenant Improvements in the Premises shall occur and Tenant shall be required, within five (5) business days after receipt of such notice, to either deliver the Outside Date Termination Notice (which will mean that this Lease shall thereupon terminate and shall be of no further force and effect) or agree to extend the Outside Date to that date which is set by Landlord subject to Tenant’s Rent abatement rights set forth above. Failure of Tenant to so respond in writing within said five (5) business day period shall be deemed to constitute Tenant’s agreement to extend the Outside Date to that date which is set by Landlord subject to Tenant’s Rent abatement rights set forth above. If the Outside Date is so extended, ▇▇▇▇▇▇▇▇’s right to request Tenant to elect to either terminate or further extend the Outside Date shall remain and shall continue to remain, with each of the notice periods and response periods set forth above, until the Substantial Completion of the Tenant Improvements in the Premises or until this Lease is terminatedLease.

Appears in 1 contract

Sources: Office Lease (Axesstel Inc)

Outside Date. In the event that the Substantial Completion of the Tenant Improvements in the Premises has not occurred by the “Outside Date,” which shall be September 30, 2010the date that is six (6) months after the date Landlord receives all necessary permits for the Tenant Improvements, as such September 30, 2010 date shall six (6) month period may be extended by the number of days of Tenant Delays and by the number of days of “Force Majeure Delays” (as defined in Section 11.7 of this Tenant Work Letter below), each day then the sole remedy of Tenant shall be a “Landlord Delay,” and Tenant may elect the right to either (i) ▇▇▇▇▇ rent payable under the Lease by two (2) days for every day of Landlord Delay, or (ii) deliver a notice to Landlord (the “Outside Date Termination Notice”) electing to terminate the Lease effective upon receipt of the Outside Date Termination Notice by Landlord (the “Effective Date”). Except as provided hereinbelow, the Outside Date Termination Notice must be delivered by Tenant to Landlord, if at all, not earlier than the Outside Date and not later than five ten (510) business days after the Outside Date. If Tenant delivers the Outside Date Termination Notice to Landlord, then Landlord shall have the right to suspend the Effective Date for a period ending thirty fifteen (3015) business days after the original Effective Date. In order to suspend the Effective Date, Landlord must deliver to Tenant, within five (5) business days after receipt of the Outside Date Termination Notice, a certificate of the Contractor certifying that it is such Contractor’s best good faith judgment that Substantial Completion of the Tenant Improvements in the Premises will occur within thirty fifteen (3015) days after the original Effective Date. If Substantial Completion of the Tenant Improvements in the Premises occurs within said thirty fifteen (3015) day suspension period, then the Outside Date Termination Notice shall be of no further force and effect; if, however, Substantial Completion of the Tenant Improvements in the Premises does not occur within said thirty fifteen (3015) day suspension period, then this Lease shall terminate as of the date of expiration of such thirty fifteen (3015) day period. If prior to the Outside Date Landlord determines that Substantial Completion of the Tenant Improvements in the Premises will not occur by the Outside Date, Landlord shall have the right to deliver a written notice to Tenant stating Landlord’s opinion as to the date by which Substantial Completion of the Tenant Improvements in the Premises shall occur and Tenant shall be required, within five ten (510) business days after receipt of such notice, to either deliver the Outside Date Termination Notice (which will mean that this Lease shall thereupon terminate and shall be of no further force and effect) or agree to extend the Outside Date to that date which is set by Landlord subject to Tenant’s Rent abatement rights set forth aboveLandlord. Failure of Tenant to so respond in writing within said five ten (510) business day period shall be deemed to constitute Tenant’s agreement to extend the Outside Date to that date which is set by Landlord subject to Tenant’s Rent abatement rights set forth aboveLandlord. If the Outside Date is so extended, ▇▇▇▇▇▇▇▇Landlord’s right to request Tenant to elect to either terminate or further extend the Outside Date shall remain and shall continue to remain, with each of the notice periods and response periods set forth above, until the Substantial Completion of the Tenant Improvements in the Premises or until this Lease is terminated.

Appears in 1 contract

Sources: Lease (Maxlinear Inc)

Outside Date. In Notwithstanding anything herein to the event that contrary, if the Substantial Completion Outside Date (as defined below) occurs prior to the Restatement Effective Date and the availability of the Tenant Improvements in New Revolving Credit Commitments pursuant to Section 2 hereunder, the Premises has not occurred by the New Revolving Credit Commitments hereunder shall automatically terminate. “Outside Date,which shall mean the earlier of (i) 11:59 p.m. (New York time) on June 30, 2012 (the “Initial Outside Date”) or, if the conditions set forth in the following sentence have been satisfied, 11:59 p.m. (New York time) on December 31, 2012 (the “Extended Outside Date”) and (ii) the date of termination of all New Revolving Credit Commitments hereunder prior to the Restatement Effective Date by delivery of an irrevocable written notice by the Borrower to each of the New Loan Lenders of the termination of all such New Revolving Credit Commitments (whereupon such New Revolving Credit Commitments shall be September 30, 2010, terminated). The Borrower may extend the Initial Outside Date to the Extended Outside Date so long as such September 30, 2010 date shall be extended by (x) the number of days of Tenant Delays and by the number of days of Force Majeure DelaysWalk-Away Date” (as defined in the Acquisition Agreement) has been extended to the “Extended Walk-Away Date” (as defined in the Acquisition Agreement) pursuant to Section 11.7 7.1(b)(i) of this Tenant Work Letter belowthe Acquisition Agreement (as in effect on the Amendment No. 2 Effective Date (with such changes as are not materially adverse to any material interest of the Lenders)), each day (y) the Borrower shall be have delivered to the Successor Administrative Agent a “Landlord Delay,” copy of the written extension notice required under such Section 7.1(b)(i) of the Acquisition Agreement promptly upon delivery of the same under the Acquisition Agreement and Tenant may elect in any case on or prior to either the Initial Outside Date and (z) the Borrower shall pay to the Global Coordinator an extension fee for the ratable benefit and account of the New Loan Lenders in an amount equal to 0.25% of the New Revolving Credit Commitments of the New Loan Lenders on or prior to the earlier to occur of (i) ▇▇▇▇▇ rent payable under the Lease by two (2) days for every day of Landlord Delay, or Restatement Effective Date and (ii) deliver a notice to Landlord (the “Outside Date Termination Notice”) electing to terminate the Lease effective upon receipt of the Outside Date Termination Notice by Landlord (the “Effective Date”). Except as provided hereinbelow, the Outside Date Termination Notice must be delivered by Tenant to Landlord, if at all, not earlier than the Outside Date and not later than five (5) business days after the Outside Date. If Tenant delivers the Outside Date Termination Notice to Landlord, then Landlord shall have the right to suspend the Effective Date for a period ending thirty (30) days after the original Effective Date. In order to suspend the Effective Date, Landlord must deliver to Tenant, within five (5) business days after receipt of the Outside Date Termination Notice, a certificate of the Contractor certifying that it is such Contractor’s best good faith judgment that Substantial Completion of the Tenant Improvements in the Premises will occur within thirty (30) days after the original Effective Date. If Substantial Completion of the Tenant Improvements in the Premises occurs within said thirty (30) day suspension period, then the Outside Date Termination Notice shall be of no further force and effect; if, however, Substantial Completion of the Tenant Improvements in the Premises does not occur within said thirty (30) day suspension period, then this Lease shall terminate as of the date of expiration of such thirty (30) day period. If prior to the Outside Date Landlord determines that Substantial Completion of the Tenant Improvements in the Premises will not occur by the Outside Date, Landlord shall have the right to deliver a written notice to Tenant stating Landlord’s opinion as to the date by which Substantial Completion of the Tenant Improvements in the Premises shall occur and Tenant shall be required, within five (5) business days after receipt of such notice, to either deliver the Outside Date Termination Notice (which will mean that this Lease shall thereupon terminate and shall be of no further force and effect) or agree to extend the Outside Date to that date which is set by Landlord subject to Tenant’s Rent abatement rights set forth above. Failure of Tenant to so respond in writing within said five (5) business day period shall be deemed to constitute Tenant’s agreement to extend the Outside Date to that date which is set by Landlord subject to Tenant’s Rent abatement rights set forth above. If the Outside Date is so extended, ▇▇▇▇▇▇▇▇’s right to request Tenant to elect to either terminate or further extend the Outside Date shall remain and shall continue to remain, with each of the notice periods and response periods set forth above, until the Substantial Completion of the Tenant Improvements in the Premises or until this Lease is terminated.

Appears in 1 contract

Sources: Acquisition Incremental Joinder (Kinder Morgan, Inc.)

Outside Date. In the event that the Substantial Completion of the Tenant Improvements in the Premises Expansion Space has not occurred by the “Outside Date"OUTSIDE DATE," which shall be September 30March 15, 20102001, as such September 30March 15, 2010 2001 date shall may be extended by the number of days of Tenant Delays and by the number of days of "Force Majeure Delays" (as defined in Section 11.7 of this Tenant Work Letter below), each day then the sole remedy of Tenant shall be a “Landlord Delay,” and Tenant may elect the right to either (i) ▇▇▇▇▇ rent payable under the Lease by two (2) days for every day of Landlord Delay, or (ii) deliver a notice to Landlord (the “Outside Date Termination Notice”"OUTSIDE DATE TERMINATION NOTICE") electing to terminate Tenant's lease of the Lease Expansion Space only (but not the Existing Premises) effective upon receipt of the Outside Date Termination Notice by Landlord (the “Effective Date”"EFFECTIVE DATE"). Except as provided hereinbelow, the Outside Date Termination Notice must be delivered by Tenant to Landlord, if at all, not earlier than the Outside Date and not later than five (5) business days after the Outside Date. If Tenant delivers the Outside Date Termination Notice to Landlord, then Landlord shall have the right to suspend the Effective Date for a period ending thirty (30) days after the original Effective Date. In order to suspend the Effective Date, Landlord must deliver to Tenant, within five (5) business days after receipt of the Outside Date Termination Notice, a certificate of the Contractor certifying that it is such Contractor’s 's best good faith judgment that Substantial Completion of the Tenant Improvements in the Premises Expansion Space will occur within thirty (30) days after the original Effective Date. If Substantial Completion of the Tenant Improvements in the Premises Expansion Space occurs within said thirty (30) day suspension period, then the Outside Date Termination Notice shall be of no further force and effect; if, however, Substantial Completion of the Tenant Improvements in the Premises Expansion Space does not occur within said thirty (30) day suspension period, then this Lease Tenant's lease of the Expansion Space only (but not the Existing Premises) shall terminate as of the date of expiration of such thirty (30) day period. If prior to the Outside Date Landlord determines that Substantial Completion of the Tenant Improvements in the Premises will not occur by the Outside Date, Landlord shall have the right to deliver a written notice to Tenant stating Landlord’s opinion as to the date by which Substantial Completion of the Tenant Improvements in the Premises shall occur and Tenant shall be required, within five (5) business days after receipt of such notice, to either deliver the Outside Date Termination Notice (which will mean that this Lease shall thereupon terminate and shall be of no further force and effect) or agree to extend the Outside Date to that date which is set by Landlord subject to Tenant’s Rent abatement rights set forth above. Failure of Tenant to so respond in writing within said five (5) business day period shall be deemed to constitute Tenant’s agreement to extend the Outside Date to that date which is set by Landlord subject to Tenant’s Rent abatement rights set forth above. If the Outside Date is so extended, ▇▇▇▇▇▇▇▇’s right to request Tenant to elect to either terminate or further extend the Outside Date shall remain and shall continue to remain, with each of the notice periods and response periods set forth above, until the Substantial Completion of the Tenant Improvements in the Premises or until this Lease is terminated.Improvements

Appears in 1 contract

Sources: Lease (Investment Technology Group Inc)

Outside Date. In the event that the Substantial Completion of the Tenant Improvements in the Premises has not occurred by the "Outside Date," which shall be September 30January 15, 20102006, as such September 30January 15, 2010 2006 date shall may be extended by the number of days of Tenant Delays and by the number of days of "Force Majeure Delays" (as defined in Section 11.7 of this Tenant Work Letter below), each day then the sole remedy of Tenant shall be a “Landlord Delay,” and Tenant may elect the right to either (i) ▇▇▇▇▇ rent payable under the Lease by two (2) days for every day of Landlord Delay, or (ii) deliver a notice to Landlord (the "Outside Date Termination Notice") electing to terminate the this Lease effective upon receipt of the Outside Date Termination Notice by Landlord (the "Effective Date"). Except as provided hereinbelow, the Outside Date Termination Notice must be delivered by Tenant to Landlord, if at all, not earlier than the Outside Date and not later than five (5) business days after the Outside Date. If Tenant delivers the Outside Date Termination Notice to Landlord, then Landlord shall have the right to suspend the Effective Date for a period ending thirty (30) days after the original Effective Date. In order to suspend the Effective Date, Landlord must deliver to Tenant, within five (5) business days after receipt of the Outside Date Termination Notice, a certificate of the Contractor certifying that it is such Contractor’s 's best good faith judgment that Substantial Completion of the Tenant Improvements in the Premises will occur within thirty (30) days after the original Effective Date. If Substantial Completion of the Tenant Improvements in the Premises occurs within said thirty (30) day suspension period, then the Outside Date Termination Notice shall be of no further force and effect; if, however, Substantial Completion of the Tenant Improvements in the Premises does not occur within said thirty (30) day suspension period, then this Lease shall terminate as of the date of expiration of such thirty (30) day period. If prior to the Outside Date Landlord determines that Substantial Completion of the Tenant Improvements in the Premises will not occur by the Outside Date, Landlord shall have the right to deliver a written notice to Tenant stating Landlord’s 's opinion as to the date by which Substantial Completion of the Tenant Improvements in the Premises shall occur and Tenant shall be required, within five (5) business days after receipt of such notice, to either deliver the Outside Date Termination Notice (which will mean that this Lease shall thereupon terminate and shall be of no further force and effect) or agree to extend the Outside Date to that date which is set by Landlord subject to Tenant’s Rent abatement rights set forth aboveLandlord. Failure of Tenant to so respond in writing within said five (5) business day period shall be deemed to constitute Tenant’s 's agreement to extend the Outside Date to that date which is set by Landlord subject to Tenant’s Rent abatement rights set forth aboveLandlord. If the Outside Date is so extended, ▇▇▇▇▇▇▇▇’s right to request Tenant to elect to either terminate or further extend the Outside Date shall remain and shall continue to remain, with each of the notice periods and response periods set forth above, until the Substantial Completion of the Tenant Improvements in the Premises or until this Lease is terminated.Landlord's

Appears in 1 contract

Sources: Office Lease (Mitek Systems Inc)

Outside Date. In the event that the Substantial Completion of the Tenant ------------ Improvements in the Premises has not occurred by the "Outside Date," which shall be September 30January 31, 20102000, as such September 30January 31, 2010 2000 date shall may be extended by the number of days of Tenant Delays and Delays, by the number of days of "Force Majeure Delays" (as defined below but not to exceed one hundred twenty (120) days of Force Majeure Delays), and by the number of "Permit/Material Force Majeure Delays" (as defined below but not to exceed sixty (60) days of "Permit/Material Force Majeure Delays) then the sole remedy of Tenant (except as provided in Section 11.7 the last sentence of this Tenant Work Letter below), each day Section 6.6) shall be a “Landlord Delay,” and Tenant may elect the right to either (i) ▇▇▇▇▇ rent payable under the Lease by two (2) days for every day of Landlord Delay, or (ii) deliver a notice to Landlord (the "Outside Date Termination Notice") electing to terminate the this Lease effective upon receipt of the Outside Date Termination Notice by Landlord (the "Effective Date"). Except as provided hereinbelow, the Outside Date Termination Notice must be delivered by Tenant to Landlord, if at all, not earlier than the Outside Date and not later than five (5) business days after the Outside Date. If Tenant delivers the Outside Date Termination Notice to Landlord, then Landlord shall have the right to suspend the Effective Date for a period ending thirty (30) days after the original Effective Date. In order to suspend the Effective Date, Landlord must deliver to Tenant, within five (5) business days after receipt of the Outside Date Termination Notice, a certificate of the Contractor certifying that it is such Contractor’s best good faith judgment that Substantial Completion of the Tenant Improvements in the Premises will occur within thirty (30) days after the original Effective Date. If Substantial Completion of the Tenant Improvements in the Premises occurs within said thirty (30) day suspension period, then the Outside Date Termination Notice shall be of no further force and effect; if, however, Substantial Completion of the Tenant Improvements in the Premises does not occur within said thirty (30) day suspension period, then this Lease shall terminate as of the date of expiration of such thirty (30) day period. If prior to the Outside Date Landlord determines that Substantial Completion of the Tenant Improvements in the Premises will not occur by the Outside Date, Landlord shall have the right to deliver a written notice to Tenant stating Landlord’s opinion as to the date by which Substantial Completion of the Tenant Improvements in the Premises shall occur and Tenant shall be required, within five (5) business days after receipt of such notice, to either deliver the Outside Date Termination Notice (which will mean that this Lease shall thereupon terminate and shall be of no further force and effect) or agree to extend the Outside Date to that date which is set by Landlord subject to Tenant’s Rent abatement rights set forth above. Failure of Tenant to so respond in writing within said five (5) business day period shall be deemed to constitute Tenant’s agreement to extend the Outside Date to that date which is set by Landlord subject to Tenant’s Rent abatement rights set forth above. If the Outside Date is so extended, ▇▇▇▇▇▇▇▇’s right to request Tenant to elect to either terminate or further extend the Outside Date shall remain and shall continue to remain, with each of the notice periods and response periods set forth above, until the Substantial Completion of the Tenant Improvements in the Premises or until this Lease is terminated.days

Appears in 1 contract

Sources: Standard Office Lease (Trinagy Inc)

Outside Date. In the event that the Substantial Completion of the Tenant Improvements in the Premises has not occurred by the “Outside Date"OUTSIDE DATE," which shall be September 301, 20101997, as such September 301, 2010 1997 date shall may be extended by the number of days of Tenant Delays and by the number of days of "Force Majeure Delays" (as defined in Section 11.7 of this Tenant Work Letter below), each day then the sole remedy of Tenant shall be a “Landlord Delay,” and Tenant may elect the right to either (i) ▇▇▇▇▇ rent payable under the Lease by two (2) days for every day of Landlord Delay, or (ii) deliver a notice to Landlord (the “Outside Date Termination Notice”"OUTSIDE DATE TERMINATION NOTICE") electing to terminate the this Lease effective upon receipt of the Outside Date Termination Notice by Landlord (the “Effective Date”EXHIBIT "D" 41 "EFFECTIVE DATE"). Except as provided hereinbelow, the Outside Date Termination Notice must be delivered by Tenant to Landlord, if at all, not earlier than the Outside Date and not later than five (5) business days after the Outside Date. If Tenant delivers the Outside Date Termination Notice to Landlord, then Landlord shall have the right to suspend the Effective Date for a period ending thirty (30) days after the original Effective Date. In order to suspend the Effective Date, Landlord must deliver to Tenant, within five (5) business days after receipt of the Outside Date Termination Notice, a certificate of the Contractor certifying that it is such Contractor’s 's best good faith judgment that Substantial Completion of the Tenant Improvements in the Premises will occur within thirty (30) days after the original Effective Date. If Substantial Completion of the Tenant Improvements in the Premises occurs within said thirty (30) day suspension period, then the Outside Date Termination Notice shall be of no further force and effect; if, however, Substantial Completion of the Tenant Improvements in the Premises does not occur within said thirty (30) day suspension period, then this Lease shall terminate as of the date of expiration of such thirty (30) day period. If prior to the Outside Date Landlord determines that Substantial Completion of the Tenant Improvements in the Premises will not occur by the Outside Date, Landlord shall have the right to deliver a written notice to Tenant stating Landlord’s 's opinion as to the date by which Substantial Completion of the Tenant Improvements in the Premises shall occur and Tenant shall be required, within five (5) business days after receipt of such notice, to either deliver the Outside Date Termination Notice (which will mean that this Lease shall thereupon terminate and shall be of no further force and effect) or agree to extend the Outside Date to that date which is set by Landlord subject to Tenant’s Rent abatement rights set forth aboveLandlord. Failure of Tenant to so respond in writing within said five (5) business day period shall be deemed to constitute Tenant’s 's agreement to extend the Outside Date to that date which is set by Landlord subject to Tenant’s Rent abatement rights set forth aboveLandlord. If the Outside Date is so extended, ▇▇▇▇▇▇▇▇’s Landlord's right to request Tenant to elect to either terminate or further extend the Outside Date shall remain and shall continue to remain, with each of the notice periods and response periods set forth above, until the Substantial Completion of the Tenant Improvements in the Premises or until this Lease is terminated. For purposes of this Section 5.3, "FORCE MAJEURE DELAYS" shall mean and refer to a period of delay or delays encountered by Landlord affecting the work of construction of the Tenant Improvements because of delays due to excess time in obtaining governmental permits or approvals beyond the time period normally required to obtain such permits or approvals for similar space, similarly improved, in comparable office buildings in Calabasas, California; fire, earthquake or other acts of God; acts of the public enemy; riot; public unrest; insurrection; governmental regulations of the sales of materials or supplies or the transportation thereof; strikes or boycotts; shortages of material or labor or any other cause beyond the reasonable control of Landlord.

Appears in 1 contract

Sources: Standard Office Lease (On Village Communications Inc)

Outside Date. In the event that the Substantial Completion of the Tenant Improvements in the ------------ Premises has not occurred by the "Outside Date," which shall be September 30December 31, 20101997, as such September 30December 31, 2010 1997 date shall may be extended by the number of days of Tenant Delays and by the number of days of "Force Majeure Delays" (as defined in Section 11.7 of this Tenant Work Letter below), each day then the sole remedy of Tenant shall be a “Landlord Delay,” and Tenant may elect the right to either (i) ▇▇▇▇▇ rent payable under the Lease by two (2) days for every day of Landlord Delay, or (ii) deliver a notice to Landlord (the “Outside Date Termination Notice”"TERMINATION NOTICE") electing to terminate the this Lease effective upon receipt of the Outside Date Termination Notice by Landlord (the “Effective Date”"TERMINATION EFFECTIVE DATE"). Except as provided hereinbelow, the Outside Date Termination Notice must be delivered by Tenant to Landlord, if at all, not earlier than the Outside Date and not later than five (5) business days after the Outside Date. If Tenant delivers the Outside Date Termination Notice to Landlord, then Landlord shall have the right to suspend the Termination Effective Date for a period ending thirty (30) days after the original Termination Effective Date. In order to suspend the Termination Effective Date, Landlord must deliver to Tenant, within five (5) business days after receipt of the Outside Date Termination Notice, a certificate of the Contractor certifying that it is such Contractor’s 's best good faith judgment that Substantial Completion of the Tenant Improvements in the Premises will occur within thirty (30) days after the original Termination Effective Date. If Substantial Completion of the Tenant Improvements in the Premises occurs within said thirty (30) day suspension period, then the Outside Date Termination Notice shall be of no further force and effect; if, however, Substantial Completion of the Tenant Improvements in the Premises does not occur within said thirty (30) day suspension period, then this Lease shall terminate as of the date of expiration of such thirty (30) day period. If prior to the Outside Date Landlord determines that Substantial Completion of the Tenant Improvements in the Premises will not occur by the Outside Date, Landlord shall have the right to deliver a written notice to Tenant stating Landlord’s 's opinion as to the date by which Substantial Completion of the Tenant Improvements in the Premises shall occur and Tenant shall be required, within five (5) business days after receipt of such notice, to either deliver the Outside Date Termination Notice (which will mean that this Lease shall thereupon terminate and shall be of no further force and effect) or agree to extend the Outside Date to that date which is set by Landlord subject to Tenant’s Rent abatement rights set forth aboveLandlord. Failure of Tenant to so respond in writing within said five (5) business day period shall be deemed to constitute Tenant’s 's agreement to extend the Outside Date to that date which is set by Landlord subject to Tenant’s Rent abatement rights set forth aboveLandlord. If the Outside Date is so extended, ▇▇▇▇▇▇▇▇’s Landlord's right to request Tenant to elect to either terminate or further extend the Outside Date shall remain and shall continue to remain, with each of the notice periods and response periods set forth above, until the Substantial Completion of the Tenant Improvements in the Premises or until this Lease is terminated.. For purposes of this Section 6.5, "Force Majeure Delays" shall mean and refer to a period of delay or delays encountered by Landlord affecting the work of construction of the Tenant Improvements because of delays due to excess time in obtaining governmental permits or approvals beyond the time period normally required to obtain such permits or approvals for similar space, similarly improved, in first-class office buildings in the Calabasas, California area; fire, earthquake or other acts of God; acts of the public enemy; riot; insurrection; governmental regulations of the sales of materials or supplies or the transportation thereof; strikes or boycotts; shortages of material or labor or any other cause beyond the reasonable control of Landlord. EXHIBIT "D" ----------- SCHEDULE 1 ---------- TIME DEADLINES -------------- Dates Actions to be Performed ----- -----------------------

Appears in 1 contract

Sources: Standard Office Lease (Digital Insight Corp)