Common use of Term and Commencement Date Clause in Contracts

Term and Commencement Date. The Term and Commencement Date of this Lease are as specified in Sections 1.6 and 1.7. The Commencement Date set forth in Section 1.7 is an estimated Commencement Date. Subject to the limitations contained in Section 3.3 below, the actual Commencement Date shall be the date possession of the Premises is tendered to Tenant in accordance with Section 3.4 below; provided, however, that if the Commencement Date is other than the first day of a month, then the Term of this Lease shall be computed from the first day of the calendar month following the Commencement Date. When the actual Commencement Date is established by Landlord, Tenant shall, within five (5) days after Landlord's request, complete and execute the letter attached hereto as Exhibit "B" and deliver it to Landlord. Tenant's failure to execute the letter attached hereto as Exhibit "B" within said five (5) day period shall be a material default hereunder and shall constitute Tenant's acknowledgment of the truth of the facts contained in the letter delivered by Landlord to Tenant.

Appears in 1 contract

Sources: Standard Office Lease (Echo Therapeutics, Inc.)

Term and Commencement Date. The Term and Commencement Date of this Lease are as specified in Sections 1.6 and 1.7. The Commencement Date set forth in Section 1.7 is an estimated Commencement Date. Subject to the limitations contained in Section 3.3 below, the actual Commencement Date shall be the date possession of the Premises is tendered to Tenant in accordance with Section 3.4 below; provided, however, that if the Commencement Date is other than the first day of a month, then the Term of this Lease shall be computed from the first day of the calendar month following the Commencement Date. When the actual Commencement Date is established by Landlord, Tenant shall, within five (5) days after Landlord's ’s request, complete and execute the letter attached hereto as Exhibit "B" and deliver it to Landlord. Tenant's ’s failure to execute the letter attached hereto as Exhibit "B" within said five (5) day period shall be a material default hereunder and shall constitute Tenant's acknowledgment ’s acknowledgement of the truth of the facts contained in the letter delivered by Landlord to Tenant.

Appears in 1 contract

Sources: Lease Agreement (Regenerx Biopharmaceuticals Inc)

Term and Commencement Date. The Term and Commencement Date of this Lease are as specified in Sections 1.6 and 1.7. The Commencement Date set forth in Section 1.7 is an estimated Commencement Date. Subject to the limitations contained in Section 3.3 below, the actual Commencement Date shall be the date possession of the Premises is tendered to Tenant in accordance with Section 3.4 below; provided, however, that if the Commencement Date is other than the first day of a month, then the Term of this Lease shall be computed from the first day of the calendar month following the Commencement Date. When the actual Commencement Date is established by Landlord, Tenant shall, within five ten (510) business days after Landlord's ’s request, complete and execute the letter attached hereto as Exhibit "B" and deliver it to Landlord. Tenant's ’s failure to execute the letter attached hereto as Exhibit "B" within said five ten (510) business day period shall be a material default hereunder and shall constitute Tenant's ’s acknowledgment of the truth of the facts contained in the letter delivered by Landlord to Tenant.

Appears in 1 contract

Sources: Standard Office Lease (Wilshire Enterprises Inc)