Examples of Target Term Commencement Date in a sentence
Subject to matters of Force Majeure, Landlord agrees to use commercially reasonable efforts to deliver the Premises to Tenant by the Target Term Commencement Date.
Landlord shall use commercially reasonable efforts to substantially complete Landlord’s Work by the day immediately preceding the Target Term Commencement Date; provided, however, that except as expressly set forth hereunder, Landlord shall have no liability whatsoever to Tenant in the event that Landlord shall fail for any reason whatsoever to substantially complete Landlord’s Work on or before the Target Term Commencement Date.
If Landlord, for any reason, cannot deliver possession of the Premises to Tenant on the Target Term Commencement Date, this Lease shall not be void or voidable, nor shall Landlord be liable to Tenant for any loss, damage or liability resulting from such delay.
Notwithstanding the foregoing, in the event that there has been no Event of Default of Tenant or event of force majeure, and Landlord has still not substantially completed Landlord’s Work on or before the Target Term Commencement Date, then Tenant shall receive a credit in the amount of $1,700 for each day following such date for which substantial completion of Landlord’s Work has not occurred, against the Base Rent otherwise due from Tenant as of the Rent Commencement Date (the “Exhibit D Rent Credit”).
In the event Landlord has not tendered possession of the Demised Premises to Tenant with Landlord's Work and Tenant Improvement Work Substantially Completed on or before the date which is six (6) months after the Target Term Commencement Date (as extended for Tenant-Caused Delays and Force-Majeure Delays), then either Landlord or Tenant may, by written notice to the other delivered within ten (10) days thereafter, elect to terminate this Lease.
Target Term Commencement Date: Six (6) weeks from the Reference Date j.
If for any reason Landlord cannot deliver possession of the Premises to Tenant on the Target Term Commencement Date, Landlord shall not be subject to any liability therefor, nor shall Landlord be in default hereunder nor shall such failure affect the validity of this Lease, and Tenant agrees to accept possession of the Premises at such time as such improvements have been substantially completed, which date shall then be deemed the Term Commencement Date.
Landlord shall replace the Building’s existing roof-mounted HVAC units with HVAC units with the capacity to supply sufficient HVAC services for a standard office environment containing approximately 15,000 square feet of space (collectively, “HVAC Installation”) and use its commercially reasonable best efforts to complete the HVAC Installation on or before the Target Term Commencement Date.