Common use of DELAYED COMPLETION Clause in Contracts

DELAYED COMPLETION. If the Date of Substantial Completion is after the Target Occupancy Date (as may be extended as provided in Section 2.01(n)) then Tenant shall be entitled, as its sole and exclusive remedies (i) one (1) additional day of free Rental from the Target Occupancy Date (as may be extended as provided in Section 2.01(n)) until the Possession Date, and (ii) if Substantial Completion has not occurred by one hundred twenty (120) days after Target Occupancy Date (as may be extended as provided in Section 2.01(n)) Tenant shall have the right to complete the Tenant Improvements on Landlord’s behalf and at Landlord’s cost, including an oversight fee equal to 15% of the cost incurred by Tenant in completing the Tenant Improvements.