Required Completion Date definition

Required Completion Date means November 1, 2006. Landlord and Tenant acknowledge and agree that: (i) the determination of the Commencement Date shall take into consideration the effect of any Tenant Delays; and (ii) the Required Completion Date shall be postponed by the number of days the Commencement Date is delayed due to events of Force Majeure. Notwithstanding anything herein to the contrary, if Landlord determines in good faith that it will be unable to cause the Commencement Date to occur by the Required Completion Date, Landlord shall have the right to immediately cease its performance of the Landlord Work and provide Tenant with written notice (the "Completion Date Extension Notice") of such inability, which Completion Date Extension Notice shall set forth the date on which Landlord reasonably believes that the Commencement Date will occur. Upon receipt of the Completion Date Extension Notice, Tenant shall have the right to terminate this Lease by providing written notice of termination to Landlord within 5 Business Days after the date of the Completion Date Extension Notice. If Tenant does not terminate this Lease within such 5 Business Day period, the Required Completion Date automatically shall be amended to be the date set forth in Landlord's Completion Date Extension Notice.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Required Completion Date means the date specified in the Memorandum, subject to any amendment granted by Homes England in accordance with clause 5.5 from time to time

Required Completion Date means the date set forth in a Notice to Proceed by which Tenant must complete Approved Project, except as such date may be extended in accordance with the provisions herein.

Examples of Required Completion Date in a sentence

The Improvements shall not have been injured or damaged by fire, explosion, accident, flood or other casualty, unless Lender shall have received insurance proceeds sufficient in the reasonable judgment of Lender to effect the satisfactory restoration of the Improvements and to permit the Completion of the Improvements prior to the Required Completion Date.
The Project Improvements shall not have been injured or damaged by fire, explosion, accident, flood or other casualty, unless Lender shall be satisfied that sufficient insurance proceeds will be available in the reasonable judgment of Lender to effect the satisfactory restoration of the Project Improvements and to permit the Completion of the Improvements prior to the Required Completion Date.
At the expiration of the Lease Term, ▇▇▇▇▇▇ shall surrender the Premises in the same condition as they were required to be in on the Required Completion Date, reasonable wear and tear and damage by unavoidable casualty excepted, and deliver all keys for, and all combinations on locks, safes and vaults in, the Premises to Landlord at Landlord’s notice address as specified in Section 1.1 or, at Landlord’s option, to the office of the Center’s general manager.
For each day that any physical work remains uncompleted after the Required Completion Date, the sum per day specified in the following schedule, unless otherwise stated in the proposal, will be deducted from money due or to become due.
Any amendment, termination or waiver effected in accordance with this Section 4.7 shall be binding on each party and all of such party's successors and permitted assigns, whether or not any such party, successor or assignee entered into or approved such amendment, termination or waiver.

More Definitions of Required Completion Date

Required Completion Date means June 1, 2009, provided, however, that the Required Completion Date may be extended by Lender to December 1, 2009 in Lender's sole discretion.

Required Completion Date means with respect to the Required Capital Improvements the applicable date for the applicable component of the Required Capital Improvements identified on Exhibit E.

Required Completion Date means June 30, 2008.

Required Completion Date means January 1, 2013, as extended one additional day for each day (a) that substantial completion of the Improvements is delayed due to a Tenant Delay, as defined in the Work Letter Agreement, (b) that substantial completion of the Work is delayed due to force majeure, (c) after July 1, 2012 that this Lease is executed by Tenant and delivered to Landlord, (d) after July 6, 2012 that Tenant’s Space Plan is approved by Tenant, and (e) after July 10, 2012 that Tenant’s Space Plan is approved by Landlord, provided that Landlord does not unreasonably withhold, condition or delay such approval. Landlord will apply such Rent Credit (if any) against Base Rental coming due under this Lease in the order in which such Base Rental becomes due.

Required Completion Date means March 31, 2016.

Required Completion Date has the meaning set forth in Section 5.3.

Required Completion Date in Section 1.1 of the Loan Agreement is hereby amended and restated in its entirety and shall read as follows:

Filter & Search

Related Definitions