Expansion Space Delivery Date definition
Examples of Expansion Space Delivery Date in a sentence
Lessee shall lease the Total Leased Premises (with the addition of the Expansion Space to be leased as of the Expansion Space Delivery Date) on the same terms and conditions of the Existing Lease, as modified by this Second Lease Extension Agreement, with exception only for those provisions as to which Lessor and Lessee have already performed their obligations as of the date hereof, (for example, Lessor has heretofore delivered the Existing Premises and Lessee has accepted the same).
In the event of Tenant’s failure to meet any of the Tenant Deadlines, the Anticipated Expansion Space Delivery Date shall be postponed for the period of the delay.
Base Rental under the Lease shall be adjusted (and Tenant hereby agrees to pay to Landlord such adjusted Base Rental) as of the Expansion Space Delivery Date.
The term of the Lease as it pertains to the Expansion Space shall commence on the Expansion Space Delivery Date (as defined in Exhibit “D-1” hereto).
No later than the Expansion Space Delivery Date, Tenant shall deliver to Landlord a revised insurance certificate, in form and substance required by the Lease (naming Landlord as an additional insured together with such other parties who are required by the Lease to be named as additional insureds), reflecting the addition of the Expansion Space.
In the event that Landlord is unable to deliver the Third Expansion Space to Tenant on the Anticipated Third Expansion Space Delivery Date, or within such additional 90-day period, Tenant agrees that in no event shall Landlord be liable for damages, if any, sustained by Tenant as a result of Landlord’s failure to deliver possession by such date.
If the Expansion Space Delivery Date has not occurred on or before January 15, 2007, as such date may be extended by Force Majeure and/or Tenant Delay (the “Outside Date”), Tenant shall have the right to terminate this First Amendment by giving written notice to Landlord within five (5) business days after the Outside Date.
In the event that the Expansion Space Commencement Date fails to occur by the Anticipated Expansion Space Delivery Date by reason of construction delays or otherwise, then this Amendment shall nevertheless continue in full force and effect, and Tenant shall have no right to rescind, cancel or terminate the same if possession is given within one hundred twenty (120) days thereafter (which period shall be extended for delays resulting from matters beyond Landlord’s reasonable control).
Landlord will use commercially reasonable efforts to cause the Phase 1 Expansion Space Delivery Date to occur on the Effective Date (the “Target Phase 1 Expansion Space Delivery Date”), to allow Tenant’s build-out to begin.
On the Expansion Space Delivery Date, Landlord shall allow Tenant to enter the Expansion Space for the purpose of constructing Tenant’s Work (as defined in Section 11 below) and installing Tenant’s furniture, equipment and telecommunications cabling, provided that Tenant shall have complied with all of Tenant’s obligations under this Amendment and the Lease (including, without limitation, the obligation to provide a revised certificate of insurance).