Common use of Ready for Occupancy; Substantial Completion Clause in Contracts

Ready for Occupancy; Substantial Completion. For purposes of the Lease, including for purposes of determining the Lease Commencement Date (as set forth in Section 7.2 of the Summary); (i) the Premises shall be “Ready for Occupancy” upon Substantial Completion of the Premises and delivery of the Premises to Tenant in good, vacant, broom clean condition, with all Systems and Equipment serving the Premises in good operating condition, in compliance with law; and (ii) “Substantial Completion of the Premises” shall occur upon (x) the completion of construction of the Tenant Improvements in the Premises pursuant to the Approved Working Drawings and Landlord’s Work in compliance with law, with the exception of any punch list items that do not materially and adversely affect Tenant’s use and occupancy of the Premises and any tenant fixtures, work-stations, built-in furniture, or equipment to be installed by Tenant or under the supervision of the Contractor and (y) the issuance of a temporary certificate of occupancy or its functional equivalent from the applicable governmental authority for Landlord’s Work and the Tenant Improvements; provided, however, that the cold room portion of the Tenant Improvements may, without affecting the occurrence of the Lease Commencement Date, be installed by Landlord within forty-five (45) days after the Lease Commencement Date.