Failure to Commence. Should Lessee fail to commence construction of the Leasehold Improvements as shown on the conceptual site plan attached hereto as Exhibit “B” and complete said improvements by March 1, 2021, the City shall have the right to terminate this Lease and the Leasehold Interest shall terminate. Upon such termination, Lessee shall surrender the Leased Property to the Lessor in good condition and repair normal wear and tear excepted. Upon such surrender, neither party shall have any further right or obligation under this Lease.
Appears in 1 contract
Sources: Absolute Net Non Subordinated Lease
Failure to Commence. Should Lessee fail to commence construction of the Leasehold Improvements as shown on the conceptual site plan attached hereto as Exhibit “B” and complete said improvements by March 1, 2021, the City shall have the right to terminate this Lease and the Leasehold Interest shall terminate. Upon such termination, Lessee ▇▇▇▇▇▇ shall surrender the Leased Property to the Lessor in good condition and repair normal wear and tear excepted. Upon such surrender, neither party shall have any further right or obligation under this Lease.
Appears in 1 contract
Sources: Lease Agreement