Unless this Agreement shall be sooner terminated as herein provided, the initial term of the Lease shall be an irrevocable period of 30 (thirty) years or the maximum period permitted by law (the “Initial Term”) commencing from the date that the Lessee first occupies the Premises or from the date that the Lessor has completed the registration transferring possession of the Premises to the Lessee, whichever is earlier (the “Commencement Date”).