Delays in Delivery of Possession and Commencement Date Sample Clauses

Delays in Delivery of Possession and Commencement Date. 47.1.1 Lessee acknowledges that (a) the Leased Property of each Facility is currently leased to Summit Companies or Harbor Retirement Associates, LLC (or Affiliates of each of them) (each a “Current Lessee,” and collectively, the “Current Lessees”) pursuant to the terms of certain written leases (each, a “Current Lease,” and collectively, the “Current Leases”) between the applicable Current Lessee and the applicable Person comprising Lessor, (b) each Current Lessee has engaged Sunrise Senior Living, Inc. or an Affiliate thereof (each, a “Current Manager,” and collectively, the “Current Managers”) to manage the respective Facility pursuant to the terms of certain written management agreements between the applicable Current Lessee and the Current Manager (each, a “Current Management Agreement, ” and collectively, the “Current Management Agreements”), and accordingly, the applicable Current Manager is currently in possession of and operating each Facility pursuant to the terms of the applicable Current Management Agreement for and on behalf of the applicable Current Lessee, and (c) Lessor’s ability to tender or cause the tender of delivery of possession of and L▇▇▇▇▇’s ability to obtain possession of the Leased Property of each Facility is conditioned upon (i) a Current Facility Documents Termination with respect to each such Facility immediately prior to the Commencement Date, (ii) fulfillment of the conditions precedent to each Current Lessee’s and Current Manager’s obligations under one or more Operations Transfer Agreements (as hereinafter defined), and (iii) each Current Lessee’s and Current Manager’s surrender of the Leased Property of each applicable Facility, which is expected to occur upon satisfaction of the last of the conditions to continued effectiveness of this Lease as provided in Sections 48.1 and 48.2 below. 47.1.2 Prior to the Commencement Date, Lessor and Lessee shall be in the Pre-Commencement Date Period. The “Commencement Date” of this Lease shall be the earlier of (a) the date Lessee takes possession of or commences use of the Leased Property for any purpose whatsoever (exclusive of any temporary access for purposes of conducting Lessee’s due diligence review) or (b) the date of tender of delivery of possession of the Leased Property to Lessee following satisfaction or waiver of the last of the conditions to the continued effectiveness of the Lease as provided in Sections 48.1 and 48.2 below. From and after the Commencement Date, L▇▇▇▇▇...