Common use of Delayed Possession Clause in Contracts

Delayed Possession. If Lessor shall fail to deliver to Lessee actual possession of the Premises by June 15, 1997 rent shall ▇▇▇▇▇ until possession is given, but Lessor shall not be liable to Lessee for such failure, and the Commencement Date shall become the date on which possession is given. Notwithstanding the foregoing, however, if the Premises are not available for occupancy by Lessee on August 15, 1997, this Lease shall be voidable by either party, and if voided, all payments made to Lessor by Lessee hereunder, if any, shall be immediately refunded to Lessee by Lessor; provided, however, that such date shall be extended to the extent that construction is delayed by any of the reasons set forth in Section 8 or other conditions beyond Lessor's control or by amendments to the working drawings for the improvements to the Premises requested by Lessee. The Premises shall be "available for occupancy" when a Certificate of Occupancy has been issued for the Premises.

Appears in 1 contract

Sources: Lease (SQL Financials International Inc /De)

Delayed Possession. If Lessor shall fail to deliver to Lessee actual possession of the Premises by June 15, 1997 rent shall abat▇ ▇▇▇▇▇ until il possession is given, but Lessor shall not be liable to Lessee for such failure, and the Commencement Date shall become the date on which possession is given. Notwithstanding the foregoing, however, if the Premises are not available for occupancy by Lessee on August 15, 1997, this Lease shall be voidable by either party, and if voided, all payments made to Lessor by Lessee hereunder, if any, shall be immediately refunded to Lessee by Lessor; provided, however, that such date shall be extended to the extent that construction is delayed by any of the reasons set forth in Section 8 or other conditions beyond Lessor's control or by amendments to the working drawings for the improvements to the Premises requested by Lessee. The Premises shall be "available for occupancy" when a Certificate of Occupancy has been issued for the Premises.

Appears in 1 contract

Sources: Sublease (Towne Services Inc)

Delayed Possession. If Lessor shall fail to deliver to Lessee actual possession of the Premises by June 15the Commencement Date, 1997 as adjusted under Section 1, then rent shall ▇▇▇▇▇ until possession is given, but Lessor shall not be liable to Lessee for such failure, and the Commencement Date shall become the date on which possession is given. Notwithstanding the foregoing, however, if the Premises are not available for occupancy by Lessee on August 15the date that is sixty (60) days after the Commencement Date, 1997as adjusted, this Lease shall be voidable by either party, and if voided, all payments made to Lessor by Lessee hereunder, if any, shall be immediately refunded to Lessee by Lessor; provided, however, that such date shall be extended to the extent that construction is delayed by any of the reasons set forth in Section 8 or other conditions beyond Lessor's control or by amendments to the working drawings for the improvements to the Premises requested by Lessee. The Premises shall be "available for occupancy" when a Certificate of Occupancy has been issued for the Premises.

Appears in 1 contract

Sources: Lease (Clarus Corp)