Possession and Lease Commencement. 5 3. Term .......................................... 5 4. Use ........................................... 5 5.
Possession and Lease Commencement. Landlord and Tenant acknowledge that Landlord has not yet completed the improvements constituting the Building and the Premises. The term commencement date (“Term Commencement Date”) shall be the earlier of the date on which: (1) Tenant takes possession of some or all of the Premises and opens for business therein; or (2) the improvements to be constructed in the Premises by Landlord shall have been substantially completed in accordance with the plans and specifications described on Exhibit C, whether or not substantial completion of the Building shall have occurred. If for any reason Landlord cannot deliver possession of the Premises to Tenant on the scheduled Term Commencement Date, Landlord shall not be subject to any liability therefor, nor shall Landlord be in default hereunder nor shall such failure affect the validity of this Lease, and Tenant agrees to accept possession of the Premises at such time as such improvements have been substantially completed, which date shall then be deemed the Term Commencement Date. Tenant shall not be liable for any Rent for any period prior to the Term Commencement Date (but without affecting any obligations of Tenant under any work letter appended to this Lease). In the event of any dispute as to substantial completion of work performed or required to be performed by Landlord, the certificate of Landlord’s architect or general contractor shall be conclusive. Substantial completion shall have occurred notwithstanding Tenant’s submission of a punchlist to Landlord, which Tenant shall submit, if at all, within fifteen (15) days after the Term Commencement Date. Upon Landlord’s request, Tenant shall promptly execute and return to Landlord a Start-Up Letter in which Tenant shall confirm, among other things, the acceptance of the Premises and the determination of the Term Commencement Date, in accordance with the terms of this Lease.
Possession and Lease Commencement. 3 TERM ....................................................................... 3 USE ........................................................................ 3
Possession and Lease Commencement. 1 3 Term .........................................
Possession and Lease Commencement. 2 2.1 Term..................................................... 2 (a) Initial Term.................................... 2 (b)
Possession and Lease Commencement. The term of this Lease (the “Term”) shall commence on the Term Commencement Date and continue in full force and effect for the number of years specified as the Length of Term in the Basic Lease Information or until this Lease is terminated as otherwise provided herein. If the Term Commencement Date is a date other than the first day of the calendar month, the Term shall be the number of years of the Length of Term in addition to the remainder of the calendar month following the Term Commencement Date.
Possession and Lease Commencement. As of the date of this Lease Agreement, Landlord has not been notified by any governmental authority to perform any repairs, alterations, additions or improvements to bring this Building into compliance.
Possession and Lease Commencement. This Lease shall commence August 1, 1993.
Possession and Lease Commencement. See Addendum 1
