Common use of Time for Substantial Completion Clause in Contracts

Time for Substantial Completion. Subject to delays resulting from Tenant Delays (as that term is defined in the Additional Premises Work Letter Agreement), Landlord shall use commercially reasonable efforts to cause the Additional Premises to be Substantially Completed according to the Plans (as that term is defined in the Additional Premises Work Letter Agreement) on or before the Scheduled Additional Premises Commencement Date. Notwithstanding anything to the contrary set forth herein, including the fact that the Term for the Additional Premises has not commenced, the obligation of the Tenant to pay Minimum Rent and Additional Rent for the Additional Premises hereunder shall commence on the date, as reasonably determined by Landlord, on which the Additional Premises would have been Substantially Completed but for Tenant Delays. Landlord shall provide Tenant with not less than five (5) days’ advance written notice of the estimated date of Substantial Completion if such date vanes by more than five (5) days from the Scheduled Additional Premises Commencement Date. In the event Landlord fails to provide such notice, and if such notice is required, the date of Substantial Completion shall not be earlier than ten (10) days from the date of such notice from Landlord.

Appears in 1 contract

Sources: Office Lease (First Internet Bancorp)

Time for Substantial Completion. Subject to delays resulting from Tenant Delays (as that term is defined in the Additional Premises Work Letter Workletter Agreement), Landlord shall use commercially reasonable efforts to cause the Additional Premises to be Substantially Completed according to the Plans (as that term is defined in the Additional Premises Work Letter Workletter Agreement) on or before the Scheduled Additional Premises Commencement Date. Notwithstanding anything to the contrary set forth herein, herein (including the fact that the Term for the Additional Premises has not commenced), the obligation of the Tenant to pay Minimum Rent and Additional Rent for the Additional Premises hereunder shall commence on the date, as reasonably determined by Landlord, on which the Additional Premises would have been Substantially Completed but for Tenant Delays. Landlord shall provide Tenant with not less than five (5) days' advance written notice of the estimated date of Substantial Completion if such date vanes varies by more than five (5) days from the Scheduled Additional Premises Commencement Date. In the event Landlord fails to provide such notice, and if such notice is required, the date of Substantial Completion shall not be earlier than ten (10) days from the date of such notice from Landlord.

Appears in 1 contract

Sources: Office Lease (First Internet Bancorp)

Time for Substantial Completion. Subject to delays resulting from Tenant Delays (as that term is defined in the Additional Premises Work Letter Workletter Agreement), Landlord shall use commercially reasonable efforts to cause the Additional Leased Premises to be Substantially Completed according to the Plans (as that term is defined in the Additional Premises Work Letter Workletter Agreement) on or before the Scheduled Additional Premises Commencement Date. Notwithstanding anything to the contrary set forth herein, herein (including the fact that the Term for the Additional Premises has not commenced), the obligation of the Tenant to pay Minimum Rent and Additional Rent for the Additional Premises hereunder shall commence on the date, as reasonably determined by Landlord, on which the Additional Leased Premises would have been Substantially Completed but for Tenant Delays. Landlord shall provide Tenant with not less than five (5) days' advance written notice of the estimated date of Substantial Completion if such date vanes varies by more than five (5) days from the Scheduled Additional Premises Commencement Date. In the event Landlord fails to provide such notice, and if such notice is required, the date of Substantial Completion shall not be earlier than ten (10) days from the date of such notice from Landlord.

Appears in 1 contract

Sources: Office Lease (First Internet Bancorp)