Landlord Delay definition
Examples of Landlord Delay in a sentence
Tenant must complete all Extension Premises Tenant Improvements and have submitted Payment Request Supporting Documentation (as defined below) for such work no later than July 1, 2026 (as extended one day for each day of Landlord Delay, defined below).
If and to the extent that the substantial completion of the Extension Premises Tenant Improvements in either Suite is delayed due to any Landlord Delay, then the Extension Premises Rent Commencement Date as to such Suite shall be delayed on a day-for-day basis for each such day that such work is so delayed by Landlord Delay.
Except with respect to a delay due to Force Majeure, if ▇▇▇▇▇▇’s completion of the Extension Premises Tenant Improvements is delayed due to a Landlord Delay for more than thirty (30) days, Tenant shall receive a credit toward Base Rent in an amount equal to one (1) day of Base Rent next coming due under the Third Amendment attributable to the Extension Premises for each day of delay in the Extension Premises Rent Commencement Date or in Tenant’s completion of the Extension Premises Tenant Improvements.
If Tenant contends that a Landlord Delay has occurred, Tenant shall notify Landlord in writing (the “Delay Notice”) of the event which constitutes such Landlord Delay.
Tenant shall have no right to or interest in any amount for which Tenant has not submitted Payment Request Supporting Documentation for such work on or before July 1, 2026 (as extended one day for each day of Landlord Delay, defined below), and any such amount shall be the sole property of Landlord.