POST-CLOSING OCCUPANCY BY SELLER Clause Samples

POST-CLOSING OCCUPANCY BY SELLER. After Closing, Seller shall be permitted to remain within such part or parts of the building on the Office Parcel as Seller shall elect in its sole discretion that does not constitute the data center space depicted on Exhibit D, and continue its operations therein, and so long as it is using the Office Parcel, also have non-exclusive use of the Parking Lot Parcel sufficient to park 65 vehicles for Seller's employees, guests and invitees that continue to use the Office Parcel, all for a period of up to June 30, 2015 at no cost for the space, subject to the provisions of Section 14 and the following terms: Seller shall continue to pay operating expenses based upon Seller’s proportionate share of such expenses during its continued occupancy (including a reasonable allocated portion of the utility charges); Seller shall name Purchaser as an additional insured on commercial general liability insurance of at least $1,000,000 per occurrence and shall provide Purchaser a Certificate of Insurance evidencing such coverage; and Seller also agrees to give Purchaser 30 days’ notice of its intent to vacate the Office Parcel. In no event shall Seller be entitled to occupy any part of the Office Parcel or Parking Lot Parcel beyond June 30, 2015.