Common use of Perpetuities Clause in Contracts

Perpetuities. If the Commencement Date is delayed in accordance with Article 2 for more than nine (9) months, Landlord may declare this Lease terminated by notice to Tenant, and if the Commencement Date is so delayed for more than three years, this Lease shall thereupon be deemed terminated without further action by either party.

Appears in 7 contracts

Samples: Office Lease (Chimerix Inc), Office Lease (Chimerix Inc), Lease Agreement (Aldagen Inc)

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