Tenant Improvement Work Readiness Condition. “Substantially Completed” and “Landlord Delay” shall have the meanings set forth for such terms in the Work Letter. Upon request of Landlord, Tenant shall execute and deliver a written acknowledgment of the Commencement Date, the Rent Commencement Date and the expiration date of the Term when such are established in the form of the “Acknowledgement of Commencement Date” attached to this Lease as Exhibit D; provided, however, Tenant’s failure to execute and deliver such acknowledgment shall not affect Landlord’s rights hereunder. The “Term” of this Lease shall be the Base Term, as defined above on the first page of this Lease and the Extension Term which Tenant may elect pursuant to Section 39 hereof. Except as set forth in the Work Letter or as otherwise expressly set forth in this Lease: (i) Tenant shall accept the Premises in their condition as of the Commencement Date; (ii) Landlord shall have no obligation for any defects in the Premises; and (iii) Tenant’s taking possession of the Premises shall be conclusive evidence that Tenant accepts the Premises and that the Premises were in good condition at the time possession was taken. Any access to the Premises by Tenant before the Commencement Date, if any, shall be subject to all of the terms and conditions of this Lease, excluding the obligation to pay Base Rent and Operating Expenses. Tenant agrees and acknowledges that, except as otherwise expressly provided in this Lease, neither Landlord nor any agent of Landlord has made any representation or warranty with respect to the condition of all or any portion of the Premises or the Project, and/or the suitability of the Premises or the Project for the conduct of Tenant’s business, and Tenant waives any implied warranty that the Premises or the Project are suitable for the Permitted Use. This Lease constitutes the complete agreement of Landlord and Tenant with respect to the subject matter hereof and supersedes any and all prior representations, inducements, promises, agreements, understandings and negotiations which are not contained herein. Landlord in executing this Lease does so in reliance upon Tenant’s representations, warranties, acknowledgments and agreements contained herein.
Tenant Improvement Work Readiness Condition shall have the meanings set forth for such terms in the Work Letter. If Tenant does not elect to void this Lease within 10 business days of the lapse of such 270 day period, such right to void this Lease shall be waived and this Lease shall remain in full force and effect.
Tenant Improvement Work Readiness Condition and “Tenant’s Improvements” shall have the meaning set forth for such term in the Work Letter. If Tenant does not elect to terminate this Lease within 5 business days of the lapse of such 180 day period, such right to terminate this Lease shall be waived and this Lease shall remain in full force and effect. Notwithstanding anything to the contrary contained herein and for the avoidance of any doubt, the termination rights provided for in the preceding paragraph shall terminate on the Commencement Date.
Examples of Tenant Improvement Work Readiness Condition in a sentence
Landlord shall use reasonable efforts to deliver the Premises (“Delivery” or “Deliver”) for Tenant’s construction of the Tenant Improvements pursuant to the Work Letter in Tenant Improvement Work Readiness Condition on or before the Target Commencement Date.
Landlord shall use reasonable efforts to deliver the Premises to Tenant on or before the Target Commencement Date in the Tenant Improvement Work Readiness Condition for construction by Tenant of the Tenant Improvements (“Delivery” or “Deliver”).
Landlord shall deliver the Premises to Tenant on or before the Target Commencement Date in the Tenant Improvement Work Readiness Condition for construction by Tenant of the Tenant Improvements (“Delivery” or “Deliver”).
Landlord shall make the Premises available to Tenant for the construction of the Tenant Improvements on the date on which the Premises is in Tenant Improvement Work Readiness Condition.
Landlord shall deliver the Premises to Tenant (“Delivery” or “Deliver”) on the Commencement Date for Tenant’s construction of the Tenant Improvements pursuant to the work letter attached hereto as Exhibit C (the “Work Letter”) in Tenant Improvement Work Readiness Condition.
More Definitions of Tenant Improvement Work Readiness Condition
Tenant Improvement Work Readiness Condition shall have the meanings set forth for such terms in the Work Letter.
Tenant Improvement Work Readiness Condition means the point in the construction of Landlord’s Work when the elements described on Schedule 5 have been achieved. Commencing on the Commencement Date, Landlord and Tenant shall work together in a cooperative manner, and shall likewise require each of their respective architects and engineers and contractors to work together in a cooperative manner, to coordinate the remaining Landlord’s Work and the Tenant Improvements and to achieve the substantial completion of all such work in as prompt and efficient manner as reasonably practicable.
Tenant Improvement Work Readiness Condition means the condition described on Schedule 1 attached hereto. Landlord and Txxxxx shall work together in a cooperative manner, and shall likewise require each of their respective architects and engineers and contractors to work together in a cooperative manner, to coordinate the Landlord’s Work (as defined below), on the one hand, and the construction of the Tenant Improvements, on the other hand, and to achieve the substantial completion of all such work in as prompt and efficient manner as reasonably practicable.
Tenant Improvement Work Readiness Condition means the point in the construction of Landlord’s Work when the elements described on Schedule 5 have been achieved. When Tenant Improvement Work Readiness Condition has been Work Letter – Landlord Build 825 Industrial/Allakos - Page 3 achieved, Landlord shall notify Tenant in writing of the same and Deliver the Premises to Tenant Commencing on the Commencement Date, Landlord and Tenant shall work together in a cooperative manner, and shall likewise require each of their respective architects and engineers and contractors to work together in a cooperative manner, to coordinate the remaining Landlord’s Work and the Tenant Improvements and to achieve the substantial completion of all such work in as prompt and efficient manner as reasonably practicable. Landlord shall provide the anticipated schedule for the performance of Landlord’s Work within a reasonable period following the mutual execution and delivery of the Lease by the parties..
Tenant Improvement Work Readiness Condition means the point in the construction process when the applicable floors being Delivered satisfy the Tenant Improvement Work Readiness Condition as more particularly described on Exhibit B-2. The Tenant Improvement Work Readiness Condition shall occur prior to Shell Substantial Completion and shall be reasonably determined by the Contractor as soon as feasible and in conformance with State safety guidelines with access being provided to the TI Contractor on a on a floor by floor basis as Building Shell structural work has progressed to a point that each floor can be released to the TI Contractor to begin work. If Tenant has not been attending construction meetings and is not otherwise aware of the status of the construction, Landlord shall send Tenant a notice prior to achieving the Tenant Improvement Readiness Condition for the Initial Premises and shall promptly thereafter schedule and facilitate a brief inspection with Tenant’s team during which Landlord shall demonstrate that the Initial Premises complies with the Tenant Improvement Work Readiness Condition.
Tenant Improvement Work Readiness Condition and “Tenant Delays” shall have the meanings set forth for such terms in the Work Letter.
Tenant Improvement Work Readiness Condition shall be deemed to have occurred at the point when the Core and Shell contractor reasonably determines that Tenant may commence construction of the Tenant Improvements in the Premises without material disruption to Landlord’s construction of the Building Core and Shell Improvements. Landlord and Tenant shall work together in a cooperative manner, and shall likewise require each of their respective architects and engineers and contractors to work together in a cooperative manner, to coordinate the construction of the Building Core & Shell Improvements and the Tenant Improvements and to achieve the substantial completion of all such work in as prompt and efficient manner as reasonably practicable.