Term and Possession. (a) Subject to and upon the terms and conditions set forth herein, the Term of this Lease shall be for the period specified in the Basic Lease Information. The Term shall commence on the earlier of (i) the date that the Premises is delivered to Tenant free and clear of any third-party occupancy and (ii) the date that Tenant first commences normal business operation from the Premises (the “Commencement Date”). In the event of the inability of Landlord to deliver possession of the Premises for any reason whatsoever, including, without limitation, the vacating of the Premises by the prior tenant of the Premises, neither Landlord nor its agents shall be liable for any damage caused thereby, nor shall this Lease thereby become void or voidable, however, in such event Tenant shall not be liable for any rent until the actual occurrence of the Commencement Date. Notwithstanding the foregoing to the contrary, if, for any reason, Landlord has not delivered possession of the Premises to Tenant as described in clause (i) above as of January 1, 2020, Tenant, as Tenant’s sole remedy, will have the right to terminate this Lease by written notice delivered to Landlord at any time prior to Landlord’s delivery of possession of the Premises to Tenant; provided, however, that such January 1, 2020 date shall be extended so long as Landlord is using its good faith and diligent efforts to deliver possession of the Premises to Tenant (by unlawful detainer or otherwise). Within thirty (30) days after the Commencement Date, Landlord and Tenant shall execute an amendment to this Lease (“First Amendment to Lease and Acknowledgment”) setting forth the Commencement Date and the expiration date of the term of the Lease, which shall be in the form attached hereto as Exhibit B.
(b) Tenant shall have the one-time option to terminate and cancel the Lease effective on the last day of the eighty-fifth (85th) month after the Commencement Date (the “Termination Date”), which right is contingent upon Tenant paying to Landlord the “Termination Consideration” (as defined below) concurrent with Tenant’s delivery of the Termination Notice (as defined below). To exercise such termination option, Tenant must deliver to Landlord on or before January 1, 2025, irrevocable written notice of Tenant’s exercise of such option (the “Termination Notice”) and the amount of the Termination Consideration. As used herein, the “Termination Consideration” shall mean the amount equal to Two Million and No/100ths Doll...
Term and Possession. If Landlord is unable to deliver possession of Premises on the Start Date, rent shall be abated on a daily basis until possession is granted. Neither Owner, Landlord, or Broker shall be liable for any delay in the delivery of possession of Premises to Tenant.
Term and Possession. 3 ARTICLE 3 - RENT .................................................................................................5
Term and Possession. The term of this Lease runs for the period described in the Lease Email (the “Term”). Possession will be provided only after the initial rent amount described in the Lease Email is paid. Such amount will be applied to the first month’s rent. If Xxxxxx does not take possession on the day it is to be provided and if by that day Tenant has not notified MSU in writing that Tenant will take possession on a later day, MSU may presume conclusively that Xxxxxx has abandoned the Apartment and re-rent it. If the Apartment is not ready for occupancy when the Term commences, MSU’s sole liability to Tenant is abatement of Tenant’s rent, in the same percentage that the Apartment is not ready for occupancy, from the date the Term commences to the date the Apartment is ready for occupancy, which date is at MSU’s exclusive determination.
Term and Possession. The term of this Sublease will begin on July 25, 2019 at 12:01 A.M. and unless terminated sooner pursuant to the terms of this Agreement, will continue for the remainder of the term provided in the Master Lease. Subtenant’s tenancy will terminate on December 31, 2020 at 11:59 P.M., unless Landlord and Subtenant agree to sign another written agreement prior to the end of such tenancy providing for an additional tenancy term. Subtenant is not responsible for finding a replacement upon the termination of such tenancy.
Term and Possession. 3.01 TERM Notwithstanding Articles 3.02 and 3.03, the Term of this Lease shall be five (5) years, beginning on the first day of the month of April, 2000, and ending on the last day of the month of March, 2005 unless terminated earlier as provided in this Lease.
Term and Possession. Section 2.01.
Term and Possession. The lease Term runs from at 12:00 NOON to at 12:00 NOON. Possession will be provided only after the first month’s rent, Security Deposit, and processing fee are paid. If none of the Tenants takes possession on the day it is to be provided, and if by that day Tenants have not notified Landlord in writing that they will take possession on a later day, Landlord may presume conclusively that Tenants have abandoned the Premises and rerent them. If the Premises are not ready for occupancy when the Term commences, Xxxxxxxx’s sole liability to Tenants is abatement of Tenants’ rent, in the same percentage that the Premises are not ready for occupancy, from the date the Term commences to the date the Premises are ready for occupancy, which date is at Landlord’s exclusive determination.
Term and Possession. This Lease begins on the day of , 20 , and runs through the day of , 20 . Possession will not be provided until the first month’s rent, Security Deposit, and preparation fee are paid. If the Premises are not ready on the date this Lease commences, the sole damage for which Landlord shall be liable to Tenant is the full abatement of Tenants’ prorated rent from the date this Lease commences to the date the Premises are ready for occupancy, which date is at Xxxxxxxx’s exclusive determination. If none of the Tenants takes possession on the day it is to be provided, and if Tenants have not given Landlord written notice that they will take possession on a later day, Landlord may presume conclusively that Tenants have abandoned the Premises and may proceed to re-rent them.
Term and Possession. 4.01. Subject to Section 4.02 hereof, the term of this Lease shall begin OD the date set forth as the "Commencement Date" shown on Schedule I and end at midnight on the date set forth as the "Expiration Date" shown on Schedule I.
