201 DELIVERY AND COMPLETION Clause Samples

201 DELIVERY AND COMPLETION. Tenant hereby acknowledges that Tenant has inspected the Premises and the Common Areas (as hereinafter defined) and, except for latent defects discovered and reported to Landlord by Tenant within 180 days from the Commencement Date, hereby (i) accepts the Common Areas in "as is" condition for all purposes and (ii) subject to Landlord's completion of its obligations under the Work Letter (herein so called) attached hereto as Exhibit D. Tenant hereby accepts the Premises (including the suitability of the Premises for the Permitted Use) for all purposes. Landlord will perform or cause to be performed the work and/or construction of Tenant's Improvements as defined in the Work Letter) in accordance with the terms of the Work Letter and will use reasonable efforts to Substantially Complete (as defined in the Work Letter) Tenant's Improvements by the Commencement Date. If Tenant's Improvements are not Substantially Complete by the Commencement Date set forth in Item 8 of the Basic Lease Provisions for any reason whatsoever, Tenant's sole remedy shall be an adjustment of the Commencement Date and the Expiration Date as provided in Section 3 of the Work Letter. The Premises shall be delivered to Tenant on the Commencement Date. NOTWITHSTANDING THE FOREGOING, SHOULD LANDLORD BE UNABLE TO DELIVER THE PREMISES TO TENANT, EXCEPT IN THE CASE OF TENANT DELAY, WITHIN SIXTY (60) DAYS OF THE STATED COMMENCEMENT IN ITEM 8 OF THE BASIC LEASE PROVISIONS, TENANT SHALL HAVE THE RIGHT AND OPTION TO CANCEL THIS LEASE. TENANT SHALL BE PROVIDED ACCESS TO THE SPACE FOR THE PURPOSES OF INSTALLING PHONE AND COMPUTER EQUIPMENT PRIOR TO THE ACTUAL COMMENCEMENT DATE ASSUMING THE TENANT IMPROVEMENTS ARE SUBSTANTIALLY COMPLETE.