103 Initial Term and Commencement Sample Clauses
The 'Initial Term and Commencement' clause defines when an agreement officially begins and specifies the duration of its first period of validity. Typically, this clause states the exact start date of the contract—such as upon signature or a specified future date—and outlines how long the initial term will last, for example, one year from commencement. By clearly establishing both the starting point and the initial duration of the agreement, this clause ensures that both parties understand when their obligations begin and how long they are initially bound, thereby preventing confusion or disputes over the contract's effective period.
103 Initial Term and Commencement. The initial term of this Lease shall be ----------------------------- the period of time specified in Item 5 of the Basic Lease Provisions. The initial term shall commence on the Commencement Date (herein so called) set forth in Item 6 of the Basic Lease Provisions (as such Commencement Date may be adjusted pursuant to Section 3 of the Work Letter attached hereto as Exhibit D) and, unless sooner terminated pursuant to the terms --------- of this Lease, the initial term of this Lease shall expire, without notice to Tenant, on the Expiration Date (herein so called) set forth in Item 7 of the Basic Lease Provisions (as such Expiration Date may be adjusted pursuant to Section 3 of the Work Letter).
103 Initial Term and Commencement. The initial term of this Lease shall be the period of time specified in Item 5 of the Basic Lease Provisions. The initial term shall commence on the Commencement Date (herein so called) set forth in Item 6 of the Basic Lease Provisions (as such Commencement Date may be adjusted pursuant to Section 3 of the Work Letter attached hereto as Exhibit D) and, unless sooner terminated pursuant to the terms of this Lease, the initial term of this Lease shall expire, without notice to Tenant, on the Expiration Date (herein so called) set forth in Item 7 of the Basic Lease Provisions (as such Expiration Date may be adjusted pursuant to Section 3 of the Work Letter).
103 Initial Term and Commencement. The initial term of this Lease shall be the period of time specified in Item 8 of the Basic Lease Provisions. The initial term shall commence on the Commencement Date (herein so called) set forth in Item 9 of the Basic Lease Provisions and, unless sooner terminated pursuant to the terms of this Lease, the initial term of this Lease shall expire, without notice to Tenant, on the Expiration Date (herein so called) set forth in Item 10 of the Basic Lease Provisions.
103 Initial Term and Commencement. The initial term of this Lease shall be the period of time specified in Item 8 of the Basic Lease Provisions. The initial term shall commence on the Commencement Date (herein so called) set forth in Item 9 of the Basic Lease Provisions and, unless sooner terminated pursuant to the terms of this Lease, the initial term of this Lease shall expire, without notice to Tenant, on the Expiration Date (herein so called) set forth in Item 10 of the Basic Lease Provisions. Tenant may, enter into the Premises prior to the Commencement Date and upon such entry, all terms and conditions of the Lease shall apply, excluding however, the obligation to pay Rent.
103 Initial Term and Commencement. The initial Term of this Lease shall be the period of time specified in Item 5 of the Basic Lease Provisions. The initial Term shall commence on the Commencement Date (herein so called) set forth in Item 6 of the Basic Lease Provisions (as such Commencement Date may be adjusted pursuant to Section 3 of the Work Letter attached hereto as Exhibit D) and, unless sooner terminated pursuant to the terms of this Lease, the initial Term of this Lease shall expire, without notice to Tenant, on the Expiration Date (herein so called) set forth in Item 7 of the Basic Lease Provisions (as such Expiration Date may be adjusted pursuant to Section 3 of the Work Letter). Notwithstanding the foregoing, if the Expiration Date, as determined herein, does not occur on the last day of a calendar month, the Term and the last Lease Month thereof shall be extended by the number of days necessary to cause the Expiration Date to occur on the last day of the last calendar month of the Term. Tenant and Tenant’s space planner and architect shall have access to the Premises upon the execution of this Lease by Landlord and Tenant in connection with preparation of the Space Plan and the Construction Plans. Further, Tenant (and Tenant’s space planner and architect) shall have the right to access the Premises approximately two (2) weeks prior to the Commencement Date for the sole purpose of performing improvements or installing furniture, trade fixtures, telecommunications or other personal property of Tenant provided that Tenant coordinates such access with Landlord’s general contractor and does not materially interfere with the construction of the Tenant’s Improvements. Such access shall be subject to all of the terms and conditions of this Lease, and except for the cost of above Building standard services requested by Tenant in writing (e.g. after hours HVAC), Tenant shall not be required to pay Rent or other remuneration with respect to the period of time prior to the Commencement Date during which Tenant performs such work. If Tenant occupies the Premises prior to the Commencement Date for any other purpose (other than for the purpose of (i) preparation of the Space Plan and Construction Plans or performing improvements or installing personal property of Tenant, as set forth above or (ii) the removal of Tenant’s improvements as provided in the last sentence of this paragraph), such possession shall be subject to all of the terms and conditions of this Lease and Tenant shall pay Basic ...