Substantial Completion; Target Completion Date Sample Clauses
Substantial Completion; Target Completion Date. The Landlord shall provide the Premises Substantially Completed (as defined in Section 2.1 of the Lease) on or before May 1, 2008 (the “Target Completion Date”). If there is any delay in the Substantial Completion of the Tenant Improvements beyond the Target Completion Date and such delay results from a Tenant Delay or Force Majeure Delay, then the Commencement Date shall be adjusted by the number of days of delay caused by the delay(s). If there is any delay in the Substantial Completion of the Tenant Improvements beyond the Target Completion Date and such delay is not caused by a Tenant Delay or Force Majeure Delay then Landlord shall provide Tenant with three (3) days Base Rent abatement for each one (1) day of delay.
Substantial Completion; Target Completion Date. Except as provided in this Section 11, the Commencement Date shall be as set forth in Section 2.01 of the Lease and Paragraph 1 of the Addendum. For purposes of the Lease, “Substantial Completion” of the Property shall occur upon the completion of the Tenant Improvements in accordance with the Final Tenant Plans (as the same may be modified pursuant to Section 6(e), the completion of the Landlord Work and the issuance by the City of Broomfield of a certificate of completion, Certificate of Occupancy or temporary certificate of occupancy (or its equivalent) for the Landlord Work and the Tenant Work and permitting occupancy of the Property and commencement of business operations therein by Tenant, with the exception of any Punch List Items (as defined in Section 13 below) which do not materially impair the usability of the Property by Tenant, provided, however, if Landlord delivers a temporary Certificate of Occupancy or its equivalent, Substantial Completion shall not have occurred if Tenant is not reasonably satisfied that the permanent Certificate of Occupancy or its equivalent will be issued in due course. Landlord shall attempt to provide Tenant with a Certificate of Occupancy on the anticipated Commencement Date. Landlord shall, at its sole cost and expense, be responsible for the following:
(1) the development and completion of all architectural, engineering, and related documents and plans necessary for the construction of the improvements on the Property;
(2) the acquisition of all permits related to the construction of the Property excluding any costs associated with the installation of any Property signage;
(3) preparation of all environmental studies required by law and necessary to ensure the Property is free from hazardous substances; and
(4) the construction and delivery of the Property using the Tenant’s Construction Drawings, the Construction Contract, site plan, and final construction documents all of which shall be approved in writing by Landlord and Tenant within the agreed upon time period(s). Substantial Completion of the Property means that the Property has been completed pursuant to the Tenant’s Construction Drawings, compliance with applicable laws and subject to Punchlist Items.