Common use of Target Commencement Date Clause in Contracts

Target Commencement Date. August 1, 2013; provided, however, that the Target Commencement Date shall be extended 1 day for each day after July 1, 2013, that this Lease is not mutually executed and delivered by the parties. Base Term: Beginning on the Commencement Date and ending 36 months from the first day of the first full month following the Commencement Date. Permitted Use: Research and development laboratory, related office and other related uses consistent with the character of the Project and otherwise in compliance with the provisions of Section 7 hereof.