Common use of Lease of Premises; Possession prior to Commencement Date Clause in Contracts

Lease of Premises; Possession prior to Commencement Date. Subject to the terms of this Lease, Landlord leases to Tenant and Tenant leases from Landlord the Premises for the Term. In addition, Landlord grants to Tenant the right to use, on a non-exclusive basis and in common with other tenants, the lobby area and other Building common areas which are meant to be used by tenants of the Building. Tenant may take possession of the Premises prior to the Commencement Date for the purpose of (i) commencing the performance of Tenant’s Initial Alterations therein, and (ii) upon completion of Tenant’s Initial Alterations, occupying and using the Premises in accordance with Section 3.1 hereof, provided that (a) Tenant’s occupancy of the Premises prior to the Commencement Date shall be subject to all of the terms and conditions of this Lease (except that Tenant shall not be required to pay Fixed Rent, Tenant’s Tax Payment and Tenant’s Operating Payments for the Premises prior to the Commencement Date), (b) without limiting the generality of the foregoing, Tenant’s performance of Tenant’s Initial Alterations in the Premises shall be governed by the provisions of this Lease, and (c) Tenant may not take possession of the Premises unless and until Tenant shall have delivered to Landlord appropriate certificates of insurance complying with Section 11.3 below.

Appears in 4 contracts

Samples: Agreement of Lease (Groupon, Inc.), Agreement of Lease (Groupon, Inc.), Agreement of Lease (Groupon, Inc.)

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