Common use of Inability to Deliver Premises Clause in Contracts

Inability to Deliver Premises. Notwithstanding Section 6.(a) above, if Landlord is unable to deliver possession of the Premises to Tenant within ninety (90) days after the Lease Commencement Date, by reason of anything other than fault on the part of Tenant or any of Tenant's Agents, as hereafter defined, either Landlord or Tenant will have the right to terminate this Lease upon written notice delivered to the other party within ten (10) days after the lapse of said 90-day period. Upon such termination, Landlord and Tenant will each be released from all further liability under this Lease. The failure to complete minor or insubstantial details of construction, decoration or mechanical adjustments shall not be considered a delay in delivery of the Premises.

Appears in 1 contract

Sources: Office Lease (Colonial Direct Financial Group Inc)

Inability to Deliver Premises. Notwithstanding Section 6.(a) above, if If Landlord is unable to deliver possession of the Premises to Tenant within ninety one hundred twenty (90120) days after the Lease Commencement Date, by reason of anything other than fault on the part of Tenant or any of Tenant's ’s Agents, as hereafter defined, either Landlord or Tenant will have the right to terminate this Lease upon written notice delivered to the other party within ten (10) days after the lapse of said 90-one hundred twenty (120) day period. Upon such termination, Landlord and Tenant will each be released from all further liability under this Lease. The failure to complete minor or insubstantial details of construction, decoration or mechanical adjustments shall not be considered a delay in delivery of the Premises.

Appears in 1 contract

Sources: Lease Agreement (Secured Financial Network, Inc.)