Common use of Completion of Premises Clause in Contracts

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).