Term Commencement Date shall be the later of (i) November 1, 2006 or (ii) the date on which Landlord’s Work is Substantially Complete (or the date on which Landlord’s Work would have been Substantially Complete absent Tenant Delay or Force Majeure (as defined below)); provided, however, that if the Term Commencement Date is not the first day of a calendar month, then the first lease year shall be extended through the last day of the calendar month in which the first 12-month period expires, and Rent for the additional period at the end of the first lease year shall be payable at the rate for the 12th month of the Term. “Force Majeure” means accident; breakage; repair; governmental regulation, moratorium or other governmental action. The “Term Expiration Date” shall be the day immediately preceding the seventh (7th) anniversary of the Term Commencement Date, provided that if such preceding day is not the last day of a calendar month, then the Term Expiration Date shall be the last date of the calendar month in which such preceding day occurs. Landlord and Tenant shall each execute and deliver to the other written acknowledgment of the actual Term Commencement Date and the Term Expiration Date when such are established, and shall attach it to this Lease as Exhibit B. Failure to execute and deliver such acknowledgment, however, shall not affect the Term Commencement Date or Landlord’s or Tenant’s liability hereunder. Failure by Tenant to obtain validation by any medical review board or other similar governmental licensing of the Premises required for the Permitted Use by Tenant shall not serve to extend the Term Commencement Date.
Term Commencement Date. See Section 3.01.
Term Commencement Date shall be the day Landlord tenders possession of the Premises to Tenant with the Initial Landlord Work Substantially Complete. If possession is delayed by action of Tenant, then the Term Commencement Date shall be the date that the Term Commencement Date would have occurred but for such delay. Tenant shall execute and deliver to Landlord written acknowledgment of the actual Term Commencement Date and the Term Expiration Date within ten (10) days after Tenant takes occupancy of the Premises, in the form attached as Exhibit C hereto. Failure to execute and deliver such acknowledgment, however, shall not affect the Term Commencement Date or Landlord’s or Tenant’s liability hereunder. Failure by Tenant to obtain validation by any medical review board or other similar governmental licensing of the Premises required for the Permitted Use by Tenant shall not serve to extend the Term Commencement Date.
Examples of Term Commencement Date in a sentence
The midterm of the Agreement is ninety (90) months from the Term Commencement Date.
Should the Term Commencement Date occur on a day other than the first (1st) day of a calendar month, or should this Lease expire or terminate on a day other than the last day of a calendar month, then Concession Space Rent due for such partial month shall be prorated on the basis of a thirty (30) day month.
Tenant shall submit its plan specifications for refurbishment to County for review and approval no later than 80 months from the Term Commencement Date.
The Parties agree to confirm Critical Dates no later than 30 days after the Term Commencement Date.
The term of this Lease shall be fifteen (15) years from the Term Commencement Date.
More Definitions of Term Commencement Date
Term Commencement Date means the “Substantial Completion Date” as such term is defined in the Development Agreement.
Term Commencement Date has the meaning ascribed to it in Section 9.1(b).
Term Commencement Date means the date shown on the first page of this Lease as the Term Commencement Date;
Term Commencement Date means the date when the Term commences as determined pursuant to Section 2.01 hereof.
Term Commencement Date shall be the date set forth on the Basic Lease Information sheet.
Term Commencement Date is defined in Section 3.1.
Term Commencement Date. As defined in Section 4.2 hereof.