Kick-Out Date definition
Examples of Kick-Out Date in a sentence
Notwithstanding the foregoing, in the event the Phase One Commencement Date does not occur on or before June 1, 2004 (“Kick-Out Date”), except for a delay caused by a Tenant Delay (regardless of Force Majeure circumstances beyond Landlord’s control), Tenant shall have the right to terminate this Lease with prior written notice, which notice must be received no later than fifteen (15) days after the Kick-Out Date for such termination to be effective.
In the event the delays in substantial completion are the result of a Tenant Delay, then the Kick-Out Date shall be extended by the number of days of the Tenant Delay, which Tenant Delays shall be offset day for day by the number of delays caused by Landlord.
In addition, to the extent there is no Business Combination prior to the Share Issuance Kick-Out Date, then Purchaser shall pay to Representative the Parent Share Purchase Price, in cash, no later than the Parent Share Purchase Price Payment Deadline.