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 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 TWENTY (20) 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 TWENTY (20) 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: Deed of Lease (High Speed Access Corp)

Term and Commencement Date. The Term term and Commencement Date of this Lease are as specified in Sections 1.6 sections 1.7 and 1.71.8. The Commencement Date set forth in Section 1.7 section 1.8 is an estimated Commencement Date. Subject to the limitations contained in Section 3.3 below, the The actual Commencement Date shall be the date possession of the Premises is tendered to Tenant in accordance with Section section 3.4 below; provided, however, that the Term 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 TWENTY thirty (2030) 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 TWENTY thirty (2030) 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 Industrial Lease (Homegrocer Com 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 The actual Commencement Date shall be the date possession of the Premises is tendered to Tenant ; determined in accordance with Section 3.4 below; Paragraph 1 of the Addendum attached hereto, 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 TWENTY twenty (20) 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 TWENTY twenty (20) day period shall be a material default hereunder and shall constitute Tenant's acknowledgment acknowledgement of the truth of the facts contained in the letter delivered by Landlord to Tenant.

Appears in 1 contract

Sources: Lease Agreement (Visual Networks Inc)