Common use of Substantial Completion and Punch List Clause in Contracts

Substantial Completion and Punch List. When Landlord has sufficiently completed the Tenant's Improvements in the Expansion Space in accordance with the Construction Plans so that Tenant can reasonably use the Expansion Space for the Permitted Use (as described in Item 10 of the Basic Lease Provisions), Landlord will notify Tenant and within two (2) business days thereafter, Landlord's representative and Tenant's representative shall conduct a walk-through of the Expansion Space and identify any necessary touch-up work, repairs and minor completion items as are necessary for final completion of Tenant's Improvements. Neither Landlord's representative nor Tenant's representative shall unreasonably withhold his agreement on punch list items. Landlord will use reasonable efforts to cause the contractor to complete all punch list items within thirty (30) days after agreement thereon.

Appears in 2 contracts

Sources: Lease Agreement (Hallmark Financial Services Inc), Lease Agreement (Hallmark Financial Services Inc)