Common use of Opening Date Clause in Contracts

Opening Date. Operator – including Small Operators – specifically understands that the Port intends to commence rental car operations from the Consolidated Rental Car Facility on the Opening Date whether (or not) Operator or any particular Operator has completed its Initial Tenant Improvements and/or is ready to commence operations. Therefore, Operator – including Small Operators – shall have installed all furniture, trade fixtures and office equipment, completed all systems/process testing, and otherwise be fully and completely ready to commence operations no later than the Opening Date. In addition, no Operator shall be permitted to operate from the Airport terminal or Airport garage on or after the Opening Date. Operator specifically acknowledges and agrees that the Opening Date established by the Port includes adequate time for construction of Operators’ (and each Operator’s) Initial Tenant Improvements as well as not less than forty five days for “burn-in,” during which Operators (and each Operator) is expected to complete the installation of any furniture, trade fixtures and office equipment not completed as part of the Initial Tenant Improvements, complete all systems/process testing, and otherwise do anything and everything else necessary to be fully operational on the Opening Date.

Appears in 2 contracts

Sources: Lease Agreement, Lease Agreement