Third Party Delay means any unanticipated delay not caused by either of the parties and which prevents either party from achieving conditions set forth in this Lease at no fault of their own, and shall include a delay caused by the occurrence of a Force Majeure Event. Upon to the occurrence of any such delay, the parties shall promptly notify the other party in writing of such delay and shall meet to agree upon the appropriate extension of any deadlines set forth under this Lease as a result of such Delay.
Third Party Delay means a delay on part of a third party resulting in a delay of completion of any condition precedent set forth in Clause 14.1 (Conditions Precedent for the Issuer Exchange) or any condition subsequent set forth in Clause 14.2 (Conditions Subsequent for the Issuer Exchange), provided that such delay is outside the Issuer’s control.
Third Party Delay means failure by the other Party to timely perform according to any timelines required under this Agreement.
Examples of Third Party Delay in a sentence
If a Party is delayed in its ability to satisfy an obligation or condition of this Agreement by a Force Majeure Event or Third Party Delay, each as defined below, then the date for performance of such obligation or satisfaction of such condition shall be deferred for the period that such Force Majeure Event or Third Party Delay continues to delay such performance or satisfaction.
More Definitions of Third Party Delay
Third Party Delay means actual delays in the Substantial Completion of the Tenant Work or Additional Tenant Work (or such specified portions thereof) resulting from or caused by third party contractors or subcontractors that are not subject to supervision by Landlord’s construction manager under the Construction Management Agreement or otherwise, including, without limitation, the Specialized Service Providers (as hereinafter defined), or any furniture systems or partition suppliers or installers retained directly by Tenant. The parties agree that if Landlord’s construction manager is paid a fee or other
Third Party Delay means actual delays in the Substantial Completion of the Tenant Work or Additional Tenant Work (or such specified portions thereof) resulting from or caused by third party contractors or subcontractors that are not subject to supervision by Landlord’s construction manager under the Construction Management Agreement or otherwise, including, without limitation, the Specialized Service Providers (as hereinafter defined), or any furniture systems or partition suppliers or installers retained directly by Tenant. The parties agree that if Landlord’s construction manager is paid a fee or other remuneration under the Construction Management Agreement based on the fees paid to such third party contractors or subcontractors, Landlord’s construction manager shall, for purposes of determining whether any delay caused by a third party contractor or subcontractor constitutes “Third Party Delay” hereunder, be deemed to have supervised such third party contractor or subcontractor.
Third Party Delay means actual delays in the Substantial Completion of the Tenant Work or Additional Tenant Work (or such specified portions thereof) resulting from or caused by third party contractors or subcontractors that are not subject to supervision by Landlord’s construction manager under the Construction Management Agreement or otherwise, including, without limitation, the Specialized Service Providers (as hereinafter defined), or any furniture systems or partition suppliers or installers retained directly by Tenant. The parties agree that if Landlord’s construction manager is paid a fee or other remuneration under the Construction Management Agreement based on the fees paid to such third party contractors or subcontractors, Landlord’s construction manager shall, for purposes of determining whether any delay caused by a third party contractor or subcontractor constitutes “Third Party Delay” hereunder, be deemed to have supervised such third party contractor or subcontractor. Section 1.6 Pre-Term Commencement Date Occupancy. Notwithstanding anything to the contrary set forth in this Lease, Tenant shall have the right to use and occupy the Premises (or any portion thereof) at any time on or after the Substantial Completion thereof, but will not pay Rent thereon until the Term Commencement Date applicable thereto. Section 1.7 Payment of Rent. Tenant does hereby covenant and agree promptly to pay the Rent reserved as and when the same shall become due and payable, without demand therefor, and without any set-off or deduction whatsoever, except as may be herein provided, and to keep, observe and perform, and to permit no violation of, each and every of the covenants, agreements, terms, provisions and conditions herein contained on the part and on behalf of Tenant to be kept, observed and performed. Section 1.8 Measurement. In determining the rentable area of the Building and the Premises or any portion thereof pursuant to any provision of this Lease, the rentable area shall be the rentable area thereof in square feet determined in accordance with the Standard Method of Floor Measurement for Office Buildings adopted by The Real Estate Board of New York, Inc., 1981 edition. Section 1.9 (Redacted)