Phase 1 Expansion Commencement Date Clause Samples
The 'Phase 1 Expansion Commencement Date' clause defines the specific date on which the first phase of an expansion project is officially set to begin. This clause typically outlines the criteria or conditions that must be met before the commencement date is triggered, such as obtaining necessary permits or completing preliminary work. By clearly establishing when Phase 1 starts, the clause provides certainty for scheduling, resource allocation, and contractual obligations, thereby reducing the risk of disputes over project timelines.
POPULAR SAMPLE Copied 1 times
Phase 1 Expansion Commencement Date. The “Phase 1 Expansion Commencement Date” is the date that is six (6) months following the Phase 1 Expansion Delivery Date. As used herein, the “Phase 1 Expansion Delivery Date” shall mean the date on which Landlord delivers the Phase 1 Expansion Premises to Tenant in the condition required hereunder, which Phase 1 Expansion Delivery Date is anticipated to occur on the first business day following the full execution of this First Amendment by Landlord and Tenant (the “Anticipated Phase 1 Expansion Premises Delivery Date”). Effective upon the Phase 1 Expansion Commencement Date, the Premises shall be increased to include the Phase 1 Expansion Premises. Except as provided in this First Amendment, including, but not limited to, Sections 4, 5, and 6 of this First Amendment, effective as of the Phase 1 Expansion Commencement Date, the term “Premises” as used in the Lease shall mean, collectively, the Existing Premises and the Phase 1 Expansion Premises. Except as specifically set forth in the Expansion Premises Work Letter attached hereto as Exhibit B (the “Expansion Premises Work Letter”), Landlord shall not be obligated to provide or pay for any improvement work or services related to the improvement of the Phase 1 Expansion Premises, and Tenant shall accept the Phase 1 Expansion Premises in its presently existing, “as-is” condition.