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The Premises are substantially completed, and the Term shall commence on or has commenced on April 20th, 2018 for a term of 89 months ending on September 30th, 2025.
SECURITY DEPOSIT
Upon execution of this Lease, Tenant shall pay to Landlord a security deposit for the faithful performance of Tenant’s obligations under this Lease in the amount of $50,000 (“Security Deposit”). If Tenant fails to pay Rent or other charges due hereunder, or otherwise defaults under this Lease, beyond any applicable notice and cure period, Landlord may use, apply or retain all or a portion of the Security Deposit to compensate Landlord for the amount due by Tenant (including reasonable attorneys’ fees) under this Lease.
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Lease Agreement
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