Common use of Ready for Occupancy Clause in Contracts

Ready for Occupancy. The Premises shall be deemed “Ready for Occupancy” upon the Substantial Completion of the Premises. For purposes of this Lease, “Substantial Completion” of the Premises shall occur upon the completion of construction of the Tenant Improvements in the Premises pursuant to the Approved Working Drawings, with the exception of any “Punch List Items” (hereinafter defined) and any tenant fixtures, work-stations, built-in furniture, or equipment to be installed by Tenant or under the supervision of Contractor. Tenant shall have a period of thirty (30) days from Tenant’s receipt of notification from Landlord of the Substantial Completion of the Premises to provide Landlord with a written list of any defects or any incomplete or unsatisfactory items with respect to the Tenant Improvements (“Punch List Items”). Landlord will then be obligated within a reasonable period of time, not to exceed thirty (30) days after receipt of Tenant’s written notice, to cure any such Punch List Items (unless such Punch List Items, due to their nature, cannot reasonably be cured within thirty (30) days, in which case Landlord shall promptly commence to cure same and diligently pursue same to completion). This time provision shall not apply to latent defects in the Tenant Improvements, and Landlord shall promptly repair the same in a good and workmanlike manner, provided that Tenant delivers written notice to Landlord specifying such latent defect prior to the date that is twelve (12) months following the Substantial Completion of the Premises. 0000 Xxxxx Xxxxxx EXHIBIT B Genworth Financial Wealth Management, Inc.

Appears in 1 contract

Samples: Office Lease (AssetMark Financial Holdings, Inc.)

AutoNDA by SimpleDocs

Ready for Occupancy. The Premises shall be deemed "Ready for Occupancy" upon the Substantial Completion of the Premises. For purposes of this Lease, "Substantial Completion" of the Premises shall occur upon the completion of construction of the Tenant Improvements in the Premises pursuant to the Approved Working Drawings, with the exception of any “Punch List Items” (hereinafter defined) punch list items and any tenant fixtures, work-stations, built-in furniture, or equipment to be installed by Tenant or under the supervision of Contractor, and a certificate of occupancy (or equivalent) is issued for the Premises. Tenant Landlord, at its expense, shall have a period be responsible for correcting any violations of thirty (30) days from Tenant’s receipt of notification from Landlord of the Substantial Completion of the Premises to provide Landlord with a written list of any defects or any incomplete or unsatisfactory items Applicable Laws with respect to the Tenant Improvements (“Punch List Items”). Landlord will then be obligated within a reasonable period Premises that arise out of time, not to exceed thirty (30) days after receipt of Tenant’s written notice, to cure any such Punch List Items (unless such Punch List Items, due to their nature, cannot reasonably be cured within thirty (30) days, in which case Landlord shall promptly commence to cure same and diligently pursue same to completion). This time provision shall not apply to latent defects in the Tenant Improvements, to the extent such laws are in effect (as interpreted and enforced) as of the date of the Lease; provided that Landlord's obligation shall not include the installation of new or additional mechanical, electrical, plumbing or fire/life safety systems, unless such improvement is required on a Building-wide basis by Applicable Law and without reference to the specific nature of Tenant’s use of and business in the Premises (other than general office use) or any alterations (other than the Tenant Improvements) performed by or on behalf of Tenant. Notwithstanding the foregoing, Landlord shall promptly repair have the same right to contest any alleged violation in good faith, including, without limitation, the right to apply for and obtain a good waiver or deferment of compliance, the right to assert any and workmanlike mannerall defenses allowed by law and the right to appeal any decisions, provided that Tenant delivers written notice to Landlord specifying such latent defect prior judgments or rulings to the date that is twelve (12) months following fullest extent permitted by law. Landlord, after the Substantial Completion exhaustion of any and all rights to appeal or contest, will make all repairs, additions, alterations or improvements necessary to comply with the terms of any final order or judgment. Notwithstanding the foregoing, Tenant, not Landlord, shall be responsible any claims brought under any provision of the ADA other than Title III thereof and for the correction of any violations that arise out of or in connection with the specific nature of {3925-00031/01363433;7} EXHIBIT B-2- SHORES CENTER[Tenant Name] Tenant's business in the Premises. 0000 Xxxxx Xxxxxx EXHIBIT B Genworth Financial Wealth Management, Inc.or Tenant's arrangement of any furniture, equipment or other property in the Premises, any repairs, alterations, additions or improvements performed by or on behalf of Tenant (other than the Tenant Improvements).

Appears in 1 contract

Samples: Office Lease (Soleno Therapeutics Inc)

Ready for Occupancy. The Premises shall be deemed “Ready for Occupancy” upon the Substantial Completion of the Premises. For purposes of this Lease, “Substantial Completion” of the Premises shall occur upon the later of: (i) the completion of construction of the Tenant Improvements in the Premises pursuant to the Approved Working Drawings, with the exception of any “Punch List Items” punch list items (hereinafter defined) i.e., minor details of construction, the non-completion and subsequent completion of which shall not materially interfere with Tenant’s use or occupancy of the Premises for the Permitted Use), and any tenant fixtures, work-stations, built-in furniture, or equipment to be installed by Tenant or under the supervision of Contractor, and (ii) a certificate of occupancy, temporary certificate of occupancy, or its legal equivalent, shall have been issued by the appropriate governmental authority for the Premises. Throughout the construction of the Improvements, Tenant shall have the right, on no less than two (2) business days advance notice, and when accompanied by a period representative of thirty (30) days from Tenant’s receipt of notification from Landlord Landlord, to inspect the construction of the Substantial Completion Tenant Improvements. Landlord and Tenant shall, promptly following the completion of construction of the Premises to provide Landlord with a written list Tenant Improvements, jointly inspect the construction of any defects or any incomplete or unsatisfactory items with respect to the Tenant Improvements (“Punch List Items”)in order to develop a reasonable and mutually agreed upon punch list. Landlord will then be obligated shall use commercially reasonable efforts to complete all punch list items within a reasonable period of time, not to exceed thirty (30) days after receipt of Tenant’s written notice, to cure any such Punch List Items (unless such Punch List Items, due to their nature, cannot reasonably be cured within thirty (30) days, in which case Landlord shall promptly commence to cure same and diligently pursue same to completion). This time provision shall not apply to latent defects in the Tenant Improvements, and Landlord shall promptly repair the same in a good and workmanlike manner, provided that Tenant delivers written notice to Landlord specifying such latent defect prior to the date that is twelve (12) months following the Substantial Completion of the Premises. 0000 Xxxxx Xxxxxx EXHIBIT B Genworth Financial Wealth Management, Inc.[535 Mission Street]

Appears in 1 contract

Samples: Office Lease (Trulia, Inc.)

Ready for Occupancy. The Premises shall be deemed “Ready for Occupancy” upon the Substantial Completion of the PremisesLandlord’s Work and the Tenant Improvements. For purposes of this Lease, “Substantial Completion” of (i) the Premises Tenant Improvements shall occur upon the completion of construction of the Tenant Improvements in the Premises pursuant to the Approved Working DrawingsTI Construction Documents, and (ii) the Landlord’s Work shall occur upon the completion of construction of the Landlord’s Work pursuant to the Base Building 35654\12546889.9 B-14 06907\011\8511619.v2 06907\011\8493037.v6 Construction Documents, with the exception of any “Punch List Items” (hereinafter defineda) punch list items, the lack of completion of which, and the work of completion of which, will not impair Tenant’s ability to install its fixtures, work-stations, built-in furniture or equipment in the Premises or otherwise conduct Tenant’s normal business operations within the Premises, and (b) the installation of any tenant fixtures, work-stations, built-in furniture, or equipment to be installed by Tenant or under the supervision of ContractorTenant. Tenant shall have a period of thirty (30) days from Tenant’s receipt of notification from Landlord of Upon the Substantial Completion of the Premises to provide Improvements, Tenant and Landlord with shall jointly conduct a written walk-through of the Improvements and shall jointly prepare such a punch list (the “Punch List”) of any defects or any incomplete or unsatisfactory items with respect to of Landlord’s Work and Tenant Improvement needing additional work (the Tenant Improvements (“Punch List Items”). ; provided, however, the Punch List shall be limited to items which are required by the Construction Documents and any other changes agreed to by the parties, and Landlord will then shall use commercially reasonably efforts to cause the same to be obligated completed and/or corrected within a reasonable period of time, not to exceed the first thirty (30) days after receipt following the preparation of Tenant’s written notice, to cure any such the Punch List. Within sixty (60) days following completion of the Punch List Items (unless such Punch List Itemswork, due to their nature, cannot reasonably be cured within thirty (30) days, in which case Landlord shall promptly commence deliver to cure same Tenant (or shall cause the Architect and diligently pursue same the Contractors to completion). This time provision shall not apply deliver to latent defects Tenant) a complete set of the “as-built” drawings for the Landlord’s Work and the Tenant Improvements and a copy of each Contractor’s “close-out package” (all closed permits, all warranties, guaranties, and equipment specifications, operating manuals, maintenance requirements and other information relating to the improvements, equipment, and systems in the Tenant ImprovementsPremises, and Landlord shall promptly repair the same in a good and workmanlike manner, provided that Tenant delivers written notice to Landlord specifying such latent defect prior to the date that is twelve (12) months following the Substantial Completion of the Premises. 0000 Xxxxx Xxxxxx EXHIBIT B Genworth Financial Wealth Management, Inc.etc.).

Appears in 1 contract

Samples: Lease (Penumbra Inc)

Ready for Occupancy. The Premises shall be deemed “Ready for Occupancy” upon the Substantial Completion of the Premises. For purposes of this LeaseAmendment, “Substantial Completion” of the Premises Expansion Space shall occur upon completion of the following: (i) a temporary certificate of occupancy has been obtained, or its equivalent (e.g. a final sign-off by the Building Inspector) for the Expansion Space (or the date a temporary certificate of occupancy or its equivalent would have been obtained but for the completion of work to be performed by Tenant), and (ii) substantial completion of construction of the Tenant Improvements in the Premises Expansion Space pursuant to the Approved Working Drawings, with the exception of any “Punch List Items” (hereinafter defined) punch list items and any tenant Tenant fixtures, work-stations, built-in furniture, or equipment to be installed by Tenant or under the supervision of Contractor. Concurrently with Landlord’s delivery of the Expansion Space to Tenant, a representative of Landlord and a representative of Tenant shall have perform a period walk-through inspection of thirty the Improvements in the Expansion Space to identify any “punchlist” items (30) days from i.e., minor defects or conditions in such Improvements that do not impair Tenant’s receipt of notification from ability to utilize the Expansion Space for the purposes permitted hereunder), which items Landlord of the Substantial Completion of the Premises to provide Landlord with a written list of any defects shall repair or any incomplete or unsatisfactory items with respect to the Tenant Improvements (“Punch List Items”). Landlord will then be obligated within a reasonable period of time, not to exceed correct no later than thirty (30) days after receipt the date of Tenant’s written notice, to cure any such Punch List Items walkthrough (unless the nature of such Punch List Items, due to their nature, cannot reasonably be cured within repair or correction is such that more than thirty (30) daysdays are required for completion, in which case Landlord shall promptly commence to cure same such repair or correction work within such thirty (30) day period and diligently pursue prosecute the same to completion). This time provision shall not apply to latent defects in the Tenant Improvements, and Landlord shall promptly repair the same in a good and workmanlike manner, provided that Tenant delivers written notice to Landlord specifying such latent defect prior to the date that is twelve (12) months following the Substantial Completion of the Premises. 0000 Xxxxx Xxxxxx EXHIBIT B Genworth Financial Wealth Management, Inc..

Appears in 1 contract

Samples: Lease (Genomatica Inc)

AutoNDA by SimpleDocs

Ready for Occupancy. The Premises shall be deemed “Ready for Occupancy” upon the Substantial Completion of the Premises. For purposes of this Lease, “Substantial Completion” of the Premises shall occur upon completion of the following: (i) a temporary certificate of occupancy has been obtained, or its equivalent (e.g. a final sign-off by the Building Inspector) for the Premises (or the date a temporary certificate of occupancy or its equivalent would have been obtained but for the completion of work to be performed by Tenant), and (ii) substantial completion of construction of the Tenant Improvements in the Premises pursuant to the Approved Working Drawings, with the exception of any “Punch List Items” (hereinafter defined) punch list items and any tenant Tenant fixtures, work-stations, built-in furniture, or equipment to be installed by Tenant or under the supervision of Contractor. Tenant shall have a period of thirty (30) days from TenantConcurrently with Landlord’s receipt of notification from Landlord of the Substantial Completion delivery of the Premises to provide Tenant, a representative of Landlord with and a written list representative of Tenant shall perform a walk-through inspection of the Improvements in the Premises to identify any “punchlist” items (i.e., minor defects or any incomplete conditions in such Improvements that do not impair Tenant’s ability to utilize the Premises for the purposes permitted hereunder), which items Landlord shall repair or unsatisfactory items with respect to the Tenant Improvements (“Punch List Items”). Landlord will then be obligated within a reasonable period of time, not to exceed correct no later than thirty (30) days after receipt the date of Tenant’s written notice, to cure any such Punch List Items walk-through (unless the nature of such Punch List Items, due to their nature, cannot reasonably be cured within repair or correction is such that more than thirty (30) daysdays are required for completion, in which case Landlord shall promptly commence to cure same such repair or correction work within such thirty (30) day period and diligently pursue prosecute the same to completion). This time provision shall not apply to latent defects in the Tenant Improvements, and Landlord shall promptly repair the same in a good and workmanlike manner, provided that Tenant delivers written notice to Landlord specifying such latent defect prior to the date that is twelve (12) months following the Substantial Completion of the Premises. 0000 Xxxxx Xxxxxx EXHIBIT B Genworth Financial Wealth Management, Inc..

Appears in 1 contract

Samples: Lease (Genomatica Inc)

Ready for Occupancy. The Premises Landlord will cause the General Contractor and the Architect to deliver to Tenant a written notice of substantial completion certifying that the Improvements have been completed in conformance with the provisions of the Construction Contract, the Approved Final Working Plans, and any Change Orders ("Substantial Completion"). Upon receipt by Tenant of such notice of Substantial Completion, the Improvements will be deemed delivered to Tenant for all purposes of the Lease and Landlord's obligations under the provisions of Paragraphs 43(a) and 43(b) of the Lease shall be deemed “Ready for Occupancy” upon the Substantial Completion to be fully discharged. Within five (5) days after receipt of the Premises. For purposes notice of this Lease, “Substantial Completion, Tenant shall conduct a walk-through inspection of the Premises shall occur upon with Landlord to inspect the completion of construction of Improvements and the Tenant Improvements in the Premises pursuant to the Approved Working DrawingsPremises, with the exception of any “Punch List Items” (hereinafter defined) and any tenant fixturesTenant's representative, work-stations, built-in furniture, or equipment to be installed by Tenant or under the supervision of Contractor. Tenant shall have a period of within thirty (30) days from Tenant’s receipt of notification from Landlord of the Substantial Completion of the Premises to following such inspection shall develop and provide Landlord with a written list of any defects or any incomplete or unsatisfactory items with respect to the Tenant Improvements (“Punch List Items”)Work. Landlord will then be obligated diligently cause the General Contractor to complete the Punch List Work within a reasonable period time thereafter. In the event of timeany dispute as to substantial completion of work performed or required to be performed by Landlord, not to exceed thirty (30) days after receipt the certificate of Landlord's architect will be conclusive. Substantial completion will have occurred notwithstanding Tenant’s written notice, to cure any such 's submission of a list of Punch List Items (unless such Punch List Items, due Work to their nature, cannot reasonably be cured within thirty (30) days, in which case Landlord shall promptly commence to cure same and diligently pursue same to completion). This time provision shall not apply to latent defects in the Tenant Improvements, and Landlord shall promptly repair the same in a good and workmanlike manner, provided that Tenant delivers written notice to Landlord specifying such latent defect prior to the date that is twelve (12) months following the Substantial Completion of the Premises. 0000 Xxxxx Xxxxxx EXHIBIT B Genworth Financial Wealth Management, Inc.Landlord.

Appears in 1 contract

Samples: Industrial Lease (Sandisk Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!