Common use of COMPLETION AND RENTAL COMMENCEMENT DATE Clause in Contracts

COMPLETION AND RENTAL COMMENCEMENT DATE. The commencement of the term of this Lease and Tenant's obligation for the payment of rental under the Lease shall not commence until substantial completion of construction of the Tenant Improvements. However, if there shall be a delay in substantial completion of the Tenant Improvements as a result of: (i) Tenant's failure to approve any item or perform any other obligation in accordance with and by the date specified in the Work Schedule; (ii) Tenant's request for materials, finishes or installations other than those readily available; or (iii) Tenant's changes in the Tenant Improvement Plans after their approval by Tenant; then commencement of the term of the Lease and the rental commencement date shall be accelerated by the number of days of such delay.

Appears in 1 contract

Sources: Office Building Lease (Xacct Technologies 1997 LTD)

COMPLETION AND RENTAL COMMENCEMENT DATE. The commencement of the term of this Lease and Tenant's obligation for the payment of rental under the Lease shall not commence until substantial completion of construction of the Tenant Improvementsimprovements. However, if there shall be a delay in substantial completion of the Tenant Improvements improvements as a result of: (i) Tenant's failure to approve any item or perform any other obligation in accordance with and by the date specified in the Work Schedule; (ii) Tenant's request for materials, finishes or installations other than those readily available; or (iii) Tenant's changes in the Tenant Improvement improvement Plans after their approval by Tenant; then commencement of the term of the Lease and the rental commencement date shall be accelerated by the number of days of such delay.

Appears in 1 contract

Sources: Office Building Lease (Xacct Technologies 1997 LTD)

COMPLETION AND RENTAL COMMENCEMENT DATE. The commencement of the term of this Lease and Tenant's obligation for the payment of rental under the Lease shall not commence until substantial completion of construction of the Tenant Improvements. However, if there shall be a delay in substantial completion of the Tenant Improvements as a result of: (i) Tenant's failure to approve any item or perform any other obligation in accordance with and by the date specified in the Work Schedule; (ii) Tenant's request for materials, finishes or installations other than those readily available; or (iii) Tenant's changes charges in the Tenant Improvement Plans after their approval by Tenant; then the commencement of the term of the Lease and the rental commencement date shall be accelerated by the number of days of such delay.

Appears in 1 contract

Sources: Office Building Lease (Virtual Mortgage Network Inc)

COMPLETION AND RENTAL COMMENCEMENT DATE. The commencement of the term of this Lease and Tenant's obligation for the payment of rental under the Lease shall not commence until substantial completion of construction of the Tenant Improvements. However, However if there shall be a delay in substantial completion of the Tenant Improvements as a result of: (i) Tenant's failure to approve any item or perform any other obligation in accordance with and by the date specified in the Work Schedule; (ii) Tenant's request for materials, materials finishes or installations other than those readily available; or (iii) Tenant's changes in the Tenant Improvement Plans after their approval by Tenant; then commencement of the term of the Lease and the rental commencement date shall be accelerated by the number of days of such delay.

Appears in 1 contract

Sources: Office Building Lease (Ayurcore Inc)