Phase 1 Expansion Space [[Organization B:Organization]] Improvements. Upon the date on which [[Organization A:Organization]] tenders delivery of possession of the Phase 1 Expansion Space to [[Organization B:Organization]] (“Phase 1 Expansion Space Delivery Date”), [[Organization B:Organization]] agrees to accept the Phase 1 Expansion Space in its “As-Is” condition and thereafter promptly complete the Phase 1 Expansion Space [[Organization B:Organization]] improvements. [[Organization A:Organization]] will use commercially reasonable efforts to cause the Phase 1 Expansion Space Delivery Date to occur on the Effective Date (the “Target Phase 1 Expansion Space Delivery Date”), to allow [[Organization B:Organization]]’s build-out to begin. If [[Organization A:Organization]] shall be unable to give possession because a certificate of occupancy or any other required certificate, permit, or variance has not been procured, or for any other reason not within the reasonable control of [[Organization A:Organization]], [[Organization A:Organization]] shall not be subject to any liability for the failure to give possession. No such failure to give possession shall in any other respect affect the validity of this Third Addendum or the obligations of [[Organization B:Organization]] hereunder, nor shall the same be construed in any way to extend the Term. Notwithstanding anything to the contrary herein, the Phase 1 Rent Commencement Date for the Phase 1 Expansion Space shall be extended by one day for each day after the Target Phase 1 Expansion Space Delivery Date that the actual Phase 1 Expansion Space Delivery Date fails to occur.
Upon the date on which [[Organization A:Organization]] tenders delivery of possession of the Expansion Space to [[Organization B:Organization]] (“Expansion Space Delivery Date”), [[Organization B:Organization]] agrees to accept the Expansion Space in its “As-Is” condition and thereafter move into the Expansion Space. [[Organization A:Organization]] will use commercially reasonable efforts to cause the Expansion Space Delivery Date to occur by December 1st, 2019 (the “Target Expansion Space Delivery Date”) to allow [[Organization B:Organization]]’s build out to begin. If [[Organization A:Organization]] shall be unable to give possession because a certificate of occupancy or any other required certificate, permit or variance has not been procured, or because of the holding over or retention of possession of any [[Organization B:Organization]] or occupant, or because construction, repairs, improvements or decorations of the Expansion Space required to be performed by [[Organization A:Organization]] are not completed in the manner set forth in this First Addendum or for any other reason, [[Organization A:Organization]] shall not be subject to any liability for the failure to give possession. No such failure to give possession shall in any other respect affect the validity of this First Addendum or the obligations of [[Organization B:Organization]] hereunder, nor shall the same be construed in any way to extend the Term. Notwithstanding anything to the contrary herein, the Rent Commencement Date for the Expansion Space shall be extended by one day for each day after the Target Expansion Space Delivery Date that the actual Expansion Space Delivery Date fails to occur.
Phase 2 Expansion Space to [[Organization B:Organization]] (“Phase 2 Expansion Space Delivery Date”), [[Organization B:Organization]] agrees to accept the Phase 2 Expansion Space in its “As-Is” condition and thereafter promptly complete the Phase 2 Expansion Space [[Organization B:Organization]] improvements. In the event that [[Organization A:Organization]] is required to cause the [[Organization A:Organization]] Demolition Work to be performed in accordance with [Section 4(c)(iii)] above. [[Organization A:Organization]] will use commercially reasonable efforts to cause the Phase 2 Expansion Space Delivery Date to occur by no later than September 15, 2022 (the “Target Phase 2 Expansion Space Delivery Date”), to allow [[Organization B:Organization]]'s build out to begin; provided, however, that if [[Organization B:Organization]] fails to submit to [[Organization A:Organization]] final approved [[Organization B:Organization]] Phase 2 Demolition Plans and a cost estimate in accordance with [Section 4(c)(i)] above on or before June 15, 2022, then the Target Phase 2 Expansion Space Delivery Date shall be extended on a day-for-day basis until [[Organization B:Organization]] submits approved [[Organization B:Organization]] Phase 2 Demolition Plans. If [[Organization A:Organization]] shall be unable to give possession to [[Organization B:Organization]] by the Target Phase 2 Expansion Space Delivery Date because a certificate of occupancy or any other required certificate, permit or variance has not been procured, or because demolition activities within the Phase 2 Expansion Space required to be performed by [[Organization A:Organization]] are not completed in the manner set forth in this Third Addendum, or for any other reason not within the reasonable control of [[Organization A:Organization]], [[Organization A:Organization]] shall not be subject to any liability for the failure to give possession. No such failure to give possession shall in any other respect affect the validity of this Third Addendum or the obligations of [[Organization B:Organization]] hereunder, nor shall the same be construed in any way to extend the Term. Notwithstanding anything to the contrary herein, the Phase 2 Rent Commencement Date for the Phase 2 Expansion Space shall be extended by one day for each day after the Target Phase 2 Expansion Space Delivery Date that the actual Phase 2 Expansion Space Delivery Date fails to occur.
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