Common use of Possession for Phase II Clause in Contracts

Possession for Phase II. Possession shall be deemed tendered and the term shall commence for Phase II upon the first to occur of the following (the "Commencement Date for Phase II"): (i) the Premises for Phase II are Substantially Complete or (ii) Lessee occupies the Premises for Phase II and commences to conduct business operations or (iii) if Lessor is prevented from or delayed in completing its work under Section 2 of this Lease due to Lessee Delays, such work will be deemed Substantially Complete for Phase II as of the date on which it would have been Substantially Complete for Phase II had it not been for such Lessee Delays. It is the intention of Lessee and Lessor that January 1, 2003 shall be the Commencement Date for Phase II.

Possession for Phase II. Possession shall be deemed tendered and the term shall commence for Phase II upon the first to occur of the following (the "Commencement Date for Phase II"): (i) the Premises for Phase II are Substantially Complete or (ii) Lessee occupies the Premises for Phase II and commences to conduct business operations or (iii) if Lessor is prevented from or delayed in completing its work under Section 2 of this Lease due to Lessee Delays, such work will be deemed Substantially Complete for Phase II as of the date on which it would have been Substantially Complete for Phase II had it not been for such Lessee Delays. It is the intention of Lessee and Lessor that January 1, 2003 2001 shall be the Commencement Date for Phase II.

Possession for Phase II. Possession shall be deemed tendered and the term shall commence for Phase II upon the first to occur of the following (the "“Commencement Date for Phase II"”): (i) the Premises for Phase II are Substantially Complete for Phase II as provided for in this Lease or (ii) Lessee occupies the Premises for Phase II and commences to conduct business operations or (iii) if Lessor is prevented from or delayed in completing its work under Section 2 of this Lease due to Lessee Delays, such work will be deemed Substantially Complete for Phase II as of the date on which it would have been Substantially Complete for Phase II had it not been for such Lessee Delays. It is the intention of Lessee and Lessor that January 1August 30, 2003 2001 shall be the Commencement Date for Phase II.