Common use of Existing Tenant Clause in Contracts

Existing Tenant. If Landlord is unable to deliver the Leased Area to Tenant on the Commencement Date free of the tenancy and occupancy of the Existing Tenant and any Other Tenants, then the Commencement Date may, Tenant’s option, be extended for a period of time equal to such delay, in which event the Expiration Date shall likewise be so extended.

Appears in 2 contracts

Sources: Lease Agreement, Lease Agreement (Sauer Danfoss Inc)