Tenant Delay definition
Examples of Tenant Delay in a sentence
If the Delivery Date has not occurred (or been deemed to occur) for any reason other than Tenant Delay or as a result of Force Majeure Delay (as defined in Exhibit X), on or before October 1, 2022, then Tenant will receive a credit equal to one day’s Basic Rent for each day of delay thereafter until the Delivery Date.
If such delay extends for ninety (90) additional days for any reason other than Tenant Delay, Tenant shall have the right, in its sole discretion, to terminate this Lease, and upon such termination, Landlord and Tenant shall each be relieved of their respective obligations under this Lease, except for those obligations which expressly survive the expiration or earlier termination of this Lease.
The Delivery Date shall be deemed to have occurred on the date that the Delivery Date would have occurred but for any delays caused by Tenant, Tenant’s contractors, subcontractors or other agents (“Tenant Delays”), provided in no event shall any Tenant Delay be deemed to commence pursuant hereto until 24 hours following Landlord’s written notice of such delay to Tenant specifying the action which Tenant is taking or failing to take and the manner in which such action or failure to act is causing delay.
Notwithstanding the foregoing, in the event that Continued Occupancy Surrender Date has not occurred on or before June 30, 2025 (the “Outside Surrender Date”), for each day after the Outside Surrender Date that the Continued Occupancy Surrender Date has not occurred for any reason but Tenant Delay (as defined in Exhibit X to the New Lease), Tenant will be entitled to a day-for-day abatement of Basic Rent for the Original Premises and Project Costs and Property Taxes for the Original Premises.