Required Completion Date means the date which is 30 days after the Outside Completion Date. Landlord and Tenant acknowledge and agree that: (i) the determination of the Commencement Date shall take into consideration the effect of any Tenant Delays; and (ii) the Required Completion Date shall be postponed by the number of days the Commencement Date is delayed due to events of Force Majeure. Notwithstanding anything herein to the contrary, if Landlord determines in good faith that it will be unable to cause the Commencement Date to occur by the Required Completion Date, Landlord shall have the right to immediately cease its performance of the Landlord Work and provide Tenant with written notice (the “Completion Date Extension Notice”) of such inability, which Completion Date Extension Notice shall set forth the date on which Landlord reasonably believes that the Commencement Date will occur. Upon receipt of the Completion Date Extension Notice, Tenant shall have the right to terminate this Lease by providing written notice of termination to Landlord within 5 Business Days after the date of the Completion Date Extension Notice. If Tenant does not terminate this Lease within such 5 Business Day period, the Required Completion Date automatically shall be amended to be the date set forth in Landlord’s Completion Date Extension Notice.
Required Completion Date means June 1, 2009, provided, however, that the Required Completion Date may be extended by Lender to December 1, 2009 in Lender’s sole discretion.
Required Completion Date means June 30, 2008.
Examples of Required Completion Date in a sentence
Notwithstanding the foregoing, the Parties agree that any delay in construction of any improvements due to force majeure or acts solely attributable to County shall extend the Required Opening Date and/or Required Completion Date for an Approved Project.
If the Concession is not open for business within thirty (30) days after the Required Completion Date, the failure shall be an Event of Default and County shall have the right to exercise all remedies herein, at law or in equity, including but not limited to, the option to terminate this Lease or to remove the applicable Concession from the Leased Premises.
More Definitions of Required Completion Date
Required Completion Date means the date set forth in a Notice to Proceed by which Tenant must complete Approved Project, except as such date may be extended in accordance with the provisions herein.
Required Completion Date means with respect to the Required Capital Improvements the applicable date for the applicable component of the Required Capital Improvements identified on Exhibit E.
Required Completion Date has the meaning set forth in Section 5.3.
Required Completion Date means the date specified in the Memorandum, subject to any amendment granted by Homes England in accordance with clause 5.5 f rom time to time
Required Completion Date in Section 1.1 of the Loan Agreement is hereby amended and restated in its entirety and shall read as follows:
Required Completion Date means December 31, 2007 with respect to the Base Building Improvements.
Required Completion Date means January 1, 2013, as extended one additional day for each day (a) that substantial completion of the Improvements is delayed due to a Tenant Delay, as defined in the Work Letter Agreement, (b) that substantial completion of the Work is delayed due to force majeure, (c) after July 1, 2012 that this Lease is executed by Tenant and delivered to Landlord, (d) after July 6, 2012 that Tenant’s Space Plan is approved by Tenant, and (e) after July 10, 2012 that Tenant’s Space Plan is approved by Landlord, provided that Landlord does not unreasonably withhold, condition or delay such approval. Landlord will apply such Rent Credit (if any) against Base Rental coming due under this Lease in the order in which such Base Rental becomes due.