Early Possession and Delayed Delivery Sample Clauses

Early Possession and Delayed Delivery. Upon the current lessee’s vacation of the Expansion Premises and subject to Lessee’s delivery of the additional Security Deposit, prepaid rent and updated certificates of insurance covering the Expansion Premises, Lessee shall be granted early possession of the Expansion Premises (the date the Lessor delivers possession of the Expansion Premises being the “Early Possession Date”) in order to allow Lessee to begin its Initial Lessee Improvement Work (defined below). Early possession shall be without payment of Base Rent or Lessee’s Share of Common Area Operating Expenses for the Expansion Premises, but all other terms of the Lease, including Lessee’s indemnification obligations, insurance obligations and maintenance obligations shall be in effect during such period. For the avoidance of doubt, Lessor and Lessee acknowledge and agree that the Expansion Premises are currently occupied by Christian Audio, LLC, which will be relocating to another premises in the Project. The Early Possession Date is estimated to be September 25, 2018. If the Early Possession Date has not occurred by October 1, 2018 due the failure of Christian Audio, LLC to vacate the Expansion Premises, Lessor shall not be subject to any liability for failure to deliver possession to Lessee, however, the EPCD will be deferred one (1) day for each day Lessor has not delivered possession of the Expansion Premises after October 1, 2018.
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Related to Early Possession and Delayed Delivery

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