Common use of Taking of Possession Clause in Contracts

Taking of Possession. The taking of possession of the Demised Premises by Tenant shall be deemed conclusively to be acknowledgment by Tenant that construction has been completed in accordance with Plans and Specifications (except for latent defects) and that the Lease Term has begun as of the date of completion.

Appears in 3 contracts

Samples: Commercial Lease Agreement (Custom Chrome Inc /De), Commercial Lease Agreement (MCK Communications Inc), Commercial Industrial Sublease Agreement (Ilex Oncology Inc)

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Taking of Possession. The taking of possession of the Demised Premises by Tenant shall be deemed conclusively to be acknowledgment by Tenant that construction has been completed in accordance with Plans and Specifications (except for latent defects) and that the Lease Term has begun as of the date (of completion.

Appears in 1 contract

Samples: Lease Agreement (Global Election Systems Inc)

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Taking of Possession. The taking of possession of the Demised Premises by Tenant shall be deemed conclusively to be acknowledgment by Tenant that construction has been completed in accordance with Plans and Specifications (except for latent defects) and that the Lease Term has begun as of the date of completion.

Appears in 1 contract

Samples: Commercial Lease Agreement (Craftmade International Inc)

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