First Lease Year definition

First Lease Year means the first twelve month period starting on the Commencement Date.
First Lease Year means the period beginning on the Commencement Date and ending on the last day of the twelfth full calendar month thereafter; provided, however, if the Commencement Date is not the first day of a month, then the First Lease Year shall commence on the Commencement Date and shall continue for the balance of the month in which the Commencement Date occurs and for a period of twelve (12) full calendar months thereafter. “Lease Year” means each successive twelve (12) month period after the First Lease Year occurring during the Term. The First Lease Year shall also be considered a Lease Year.
First Lease Year means the period beginning on the date hereof and ending on the last day prior to the first anniversary of the date hereof.

Examples of First Lease Year in a sentence

  • If the First Lease Year does not end on February 28, there will be a supplemental billing period prorated at the First Lease Year’s Rent for the difference in time between the end of the First Lease Year and February 28.

  • The First Lease Year Rent must be paid by cashier's check, drawn upon a Montana bank, and payment is due upon execution of the lease.

  • District 6: After Incident Reviews are not conducted in this district by the TIM Team.

  • Following the First Lease Year, a Lease Year will be March 1st – February 28th and Rent for the Lease Year will be payable annually, in advance, on or before the first day of March.

  • Rent for the First Lease Year shall be due on the Effective Date of this Lease and for every year thereafter on January 1st of each Lease Year.


More Definitions of First Lease Year

First Lease Year means the one-year period starting on the Commencement Date and ending on the first occurrence of February 28.
First Lease Year has the meaning set forth in Section 1.1(a)(xxxiii) hereof, the definition of Lease Year.
First Lease Year shall be the period commencing on the Rent Commencement Date and ending on the first anniversary of the last day of the month prior to the month in which the Rent Commencement Date occurs.
First Lease Year means the period from the Substitution Space Commencement Date through (i) the last day of the sixth (6th) calendar month following the month during which the first (1st) anniversary of the Substitution Space Commencement Date occurs, or (ii) in the event that the Substitution Space Commencement Date occurs on the first (1st) day of the month, the day immediately preceding the sixth (6th) calendar month following the month during which the first (1st) anniversary of the Substitution Space Commencement Date occurs, and each succeeding “Lease Year” shall mean each successive twelve (12) month period following the First Lease Year through and including the Substitution Space Expiration Date. Tenant shall pay Fixed Annual Rent for the Substitution Space (exclusive of electricity charges) from the Substitution Space Commencement Date through the Substitution Space Expiration Date at the following rates:
First Lease Year means the period from the Commencement Date through July 31, 2006.
First Lease Year means the calendar year commencing on the January 1 immediately preceding the Commencement Date and ending on the December 31 next following.
First Lease Year means the period beginning on the Commencement Date and ending twelve (12) months thereafter; provided, however, that if the first twelve (12) month period does not end on the last day of a calendar month, the First Lease Year shall be extended to the end of such calendar month. The First Lease Year and each succeeding twelve (12) month period thereafter shall be deemed a “Lease Year.” Unless otherwise extended as set forth in this Section, the final Lease Year of the Initial Term shall end on the date that the Initial Term expires. Provided that there are no uncured defaults under the Lease, and unless the Lease has been otherwise terminated, the City shall have the option to extend the Lease by one (1) additional five (5) year period (the “Renewal Term”) by giving Owner written notice of City’s intent to exercise its option to extend the Lease no later than six (6) months prior to the expiration of the Initial Term. Wherever used in this Lease, the word “Term” shall include the Initial Term and all extended and renewed terms.