Examples of Penalty Date in a sentence
If Landlord does not commence construction of the Tenant Improvements in the Expansion Space by January 8, 2018 and such delay is not the result of a County Delay (as such term is hereinafter defined) Landlord shall provide the County with rent abatement in the amount of $13,456.00 per month for the period beginning on the Penalty Date and ending on the earlier of (i) the date upon which Landlord commences construction of the Tenant Improvements in the Expansion Space and (ii) October 31, 2018.
On the condition that the Corporation has received a Receipt for the Final Prospectus on or before the Penalty Date, any outstanding Special Warrant shall, by its terms, be deemed to have been exercised without any further action on the part of the holder on the third Business Day following the Penalty Date.