Completion of Premises Sample Clauses
The 'Completion of Premises' clause defines the requirements and conditions under which a construction or development project is considered finished and ready for use or occupancy. Typically, this clause outlines the standards that must be met, such as compliance with building codes, obtaining necessary certifications, and passing inspections. It may also specify the process for notifying the other party of completion and any documentation required. The core function of this clause is to ensure both parties have a clear, objective understanding of when the premises are officially complete, thereby reducing disputes and facilitating the transition to the next phase of the agreement, such as handover or payment.
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Completion of Premises. The parties acknowledge that tenant improvements will need to be installed in the Premises and that tenant improvement work will be constructed in accordance with the following terms and conditions:
(a) Tenant shall furnish to Landlord in writing on or before the date set forth in the Basic Lease Information such full and complete information as will be required for Landlord to complete the space and construction plans for the Premises. Said full and complete information shall include, without limitation, the following details:
(i) Exact location of telephone and electrical outlets.
(ii) Interior wall finish specifications.
(iii) Detailed plans and specifications of all non-standard construction work to be accomplished within the Premises by Landlord's general contractor or other contractor employed by Landlord. Landlord shall cause such space and construction plans to be prepared within sixty (60) days after Landlord's receipt from Tenant of all of such information required above, and Tenant shall either approve or disapprove such plans within seven (7) working days after Tenant's receipt of such plans and the cost breakdown of the tenant improvements, which approval shall not be unreasonably withheld. If Tenant disapproves such plans, Tenant shall specify its objections in writing and Landlord shall, within a reasonable time thereafter, submit revised plans to Tenant. After Tenant has approved the plans, such plans may thereafter be changed front time to time so long as all changes are approved by both Landlord and Tenant, which approvals shall not be unreasonably withheld.
(b) Landlord shall, at its sole cost and expense, furnish and install within the Premises, substantially in accordance with Exhibit C attached hereto and made a part hereof by this reference, standard building tenant improvements listed on Exhibit D attached hereto and made a part hereof by this reference. Any additional interior improvements, additions or alterations required by Tenant and approved by Landlord shall be furnished and installed at Tenant's sole cost and expense. Any such additional work shall be furnished and installed either by Landlord's general contractor or other contractor employed by Landlord at such cost and on such terms as shall have been agreed to between Landlord and Tenant. All work to be performed on the Premises which is not within the scope of work shown on Exhibit C and Exhibit D shall be performed by Tenant at Tenant's expense. Agents, contractors and ...
Completion of Premises. 1 4. Term................................................................2 5.
Completion of Premises. A. The Premises shall be substantially completed, as to any floor, and Substantial Completion shall have occurred, as to any floor, upon the following:
(i) Tenant Improvements shall have been completed as to the floor in substantial compliance with the Construction Contract, except for Punch List Items and otherwise sufficient so that Landlord's Architect can execute the most recently published version of AIA form G704, titled "Certificate of Substantial Completion"; and
(ii) Landlord shall have obtained a certificate of occupancy (or evidence reasonable satisfactory to Tenant that upon completion of the Tenant's Work, a certificate of occupancy will be issued) for the Premises in question, permitting use of the floor of the Premises in question; provided, the extent compliance with the conditions set forth above would have occurred earlier but for Tenant Delay, then compliance with such condition shall be deemed to have occurred on the date it would have occurred but for the Tenant Delay.
Completion of Premises. The Premises shall be completed in accordance with the plans and specifications attached hereto as Exhibit C (herein called the "Plans"). The completion of the Premises in accordance with the Plans shall be at Landlord's expense; provided, however, Tenant shall pay Landlord at the time of execution of this Lease the sum of Sixty Thousand Dollars ($60,000.00) ("Tenant Construction Contribution") for construction costs to be incurred by Landlord in completing the Premises in accordance with Tenant's special requirements. All necessary construction shall be commenced promptly following Landlord's execution and acceptance of this Lease and Tenant's delivery of the first month's Fixed Basic Rent, the Security Deposit and the Tenant Construction Contribution to Landlord and shall be substantially completed ready for use and occupancy by Tenant on the Lease Commencement Date set forth in the Preamble; provided, however, that the time for substantial completion of the Premises shall be extended for additional periods of time equal to the time lost by Landlord or Landlord's contractors, subcontractors or suppliers due to strikes or other labor troubles; delays in Tenant's selection of materials, plans or specifications; governmental restrictions and limitations; unavailability or delays in obtaining fuel, labor or materials; war or other national emergency; accidents; floods; defective materials; fire damage or other casualties; adverse weather conditions; the inability to obtain building or use and occupancy permits; or any cause similar or dissimilar to the foregoing which is beyond the reasonable control of Landlord or Landlord's contractors, subcontractors or suppliers. The Premises shall be deemed substantially completed when Tenant is in receipt of a Certificate of Occupancy or Temporary Certificate of Occupancy (punchlist items excepted). All construction shall be done in a good and workmanlike manner and shall comply at the time of completion with all applicable and lawful laws, ordinances, regulations and orders of the federal, state, county or other governmental authorities having jurisdiction thereof. Tenant and its authorized agents, employees and contractors shall have the right, at Tenant's own risk, expense and responsibility, at all reasonable times prior to the Commencement Date as hereinafter defined, to enter the Premises for the purpose of taking measurements and installing its furnishings and equipment; provided that Tenant, in so doing, shall ...
Completion of Premises. The Premises Work to be done to the Premises shall be completed in accordance with the Work Letter attached hereto as Exhibit C (“Premises Work” being defined in such Work Letter). Landlord shall use its commercially reasonable efforts to Substantially Complete (as defined in the Work Letter) the Premises Work on or before August 1, 2012 provided this Lease is fully executed by the parties and the Premises Plans (as defined in the Work Letter) are final on or before the dates set forth in the Work Letter (the “Target Commencement Date”). The Target Commencement Date shall be delayed for Tenant Delays (as that term is defined in the Work Letter), If the Premises Work is not Substantially Complete on or before the Target Commencement Date (as such date may be delayed as provided in the Work Letter) whether or not within Landlord’s control, Landlord shall not be subject to any liability to Tenant and no such failure to deliver the Premises by such date shall in any respect affect the validity or continuance of this Lease or any obligation of Tenant hereunder; provided, however, following the Commencement Date Tenant shall be entitled to one (1) day of abated Fixed Basic Rent for each one (1) day of delay in achieving Substantial Completion following the Target Commencement Date (as same may be delayed as provided in the Work Letter).
Completion of Premises. If applicable, Lessor shall use reasonable speed and diligence in completing the premises for the certification of occupancy no later than the commencement date of this Lease. In the event Lessor is delayed in obtaining certification of occupancy due to an act of God, fire, earthquake, explosion, war, riot, inability to procure materials of labor, failure of transportation, strikes, action of labor unions, condemnation, lawful orders of government authorities or any other cause not within the reasonable control of Lessor, the commencement date and the ending date of this Lease shall be changed commensurate with the delay as aforesaid.
Completion of Premises. Within five business days after substantial completion, Lessee shall conduct a walk-through inspection of the Premises with Lessor and complete a punch-list of items needing correction or additional work, which punch-list shall be approved in writing by Lessor and Lessee. Lessee shall submit to the Lessor a final punch-list within 60 days after substantial completion, which shall include all items requiring correction or additional work and which shall be approved in writing by Lessor and Lessee. Neither punch-list shall include any damage to the Premises caused by Lessee or by Lessee's agents, employees, servants, or independent contractors, which damage shall be repaired or corrected by Lessee at its expense. If Lessee fails to submit any punch-list to Lessor within such 60 day period, it shall be deemed that there are no items needing additional work or repair (excluding latent defects). Lessor's contractor shall complete all Lessor-approved punch-list items within 30 days after submission of the final punch-list or as soon as practicable thereafter. Upon completion of such punch-list items, Lessee shall approve such corrected or completed items in writing to Lessor. If Lessee fails to notify Lessor of its approval or disapproval of such items within ten business days of completion, such items shall be deemed approved by Lessee.
Completion of Premises. 21 21. Removal of Tenant's Property..................22 22.
Completion of Premises. The construction of the Premises will be substantially completed and available for Lessee's occupancy on or before January 1, 1992. The Premises will be constructed in accordance with the specifications set forth in Exhibit A attached hereto. The existing building included in the Premises shall be watertight and fully remodeled in accordance with Tenant's specifications.
Completion of Premises. 2 (a) Plans...........................................................2 (b) Scheduled Commencement Date; Delays Caused by Tenant............3 (c) Remedy..........................................................3 (d) Changes.........................................................3 (e)