As of the Commencement Date Sample Clauses
The "As of the Commencement Date" clause establishes that certain rights, obligations, or conditions outlined in the agreement become effective starting from a specified date, known as the Commencement Date. In practice, this means that any duties, payments, or responsibilities referenced in the contract are triggered or measured from this date forward, regardless of when the agreement was actually signed. This clause ensures clarity regarding the timing of contractual obligations, preventing disputes about when specific terms begin to apply.
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As of the Commencement Date. From and after the Commencement Date of this Lease and until such time, if ever, as the Premises becomes a separate, subdivided parcel of land in accordance with applicable laws, the “Tenant’s Share” of real estate taxes and other assessments (including, without limitation, Association Fees as defined in Section 26.3) shall be determined as follows:
(a) With respect to the real estate tax b▇▇▇, the assessment upon which each jurisdiction’s tax rate is applied (county, state, special area) shall be separated into the Assessed Value — Land (defined below) and the Assessed Value — Improvements (defined below).
(i) Tenant’s Share of the Assessed Value — Land shall be determined by multiplying the total Assessed Value — Land by a fraction, the numerator of which is the Premises Built FAR (defined below) and the denominator of which is the Total Traville — FAR (defined below).
(ii) Tenant’s Share of the Assessed Value — Improvements shall be determined by multiplying the total Assessed Value — Improvements by a fraction, the numerator of which is the Relative Premises Improvements Value (defined below) and the denominator of which is the Assessed Value — Improvements.
(iii) Tenant’s Share of any other service charges set forth on such property tax b▇▇▇, the service charges shall be determined by multiplying the total service charges by a fraction, the numerator of which is the Premises Built FAR and the denominator of which is the Total Built FAR.
(b) With respect to any other assessments, including, without limitation, Association Fees, Tenant’s Share shall be determined by multiplying the amount of such assessment payable on account of the Traville Site by a fraction, the numerator of which is the Premises Built FAR and the denominator of which is the Total Traville FAR.
As of the Commencement Date. Subject to Section 2.1.1, a total of 44,832 rentable square feet of space consisting of (i) 13,365 rentable square feet of space located on the first (1st) floor of the Building and commonly known as Suite 100 (the “Suite 100 Premises”), (ii) 13,897 rentable square feet of space located on the first (1st) floor of the Building and commonly known as Suite 110 (the “Suite 110 Premises”), and (iii) 17,570 rentable square feet of space located on the third (3rd) floor of the Building and commonly known as Suite 350 (the “Suite 350 Premises”), the outline and location of the Premises is set forth in Exhibit A.
As of the Commencement Date. To the extent reimbursement is due hereunder, Sharer shall provide ▇▇▇▇▇▇ with an invoice for such expenses incurred, and ▇▇▇▇▇▇ shall reimburse the amounts due thereunder within twenty (20) days after such invoice.
As of the Commencement Date. If Tenant fails to notify Landlord in a timely manner, Landlord shall send Tenant a notice requesting that Tenant notify Landlord as to how many parking permits Tenant desires, and if within five (5) business days thereafter Tenant fails to respond, Tenant shall be deemed to have elected to utilize all of the Building Allocated Parking. If Tenant does not elect to utilize all of the Building Allocated Parking, Landlord shall have the right to issue parking permits to other tenants for the unutilized Building Allocated Parking, provided that any parking arrangements for the unutilized Building Allocated Parking shall provide that they are terminable upon no more than sixty (60) days prior notice from Landlord. At Tenant's election, upon sixty (60) days prior notice to Landlord, Landlord shall make available to Tenant any spaces not being utilized by Tenant out of the Building Allocated Parking prior to Tenant's notice. In addition, if Tenant has elected to utilize all of the Building Allocated Parking, at Tenant's request, Tenant shall also be placed on the Building Parking Garage's waiting list, and shall be notified when additional spaces become available; provided that all spaces made available to Tenant above the Building Allocated Parking shall be subject to a right in favor of Landlord to terminate Tenant's use thereof upon sixty (60) days prior notice to Tenant. Also, from time to time following the Commencement Date, Tenant may elect to terminate its use of some or all of the parking permits, upon no less than sixty (60) days prior written notice to Landlord, whereupon Tenant's rights to utilize the applicable parking permits shall terminate and Landlord shall have the right to issue parking permits to other tenants, subject to a right in favor of Landlord to terminate the use upon sixty (60) days prior notice to the holder of the permit to the extent such spaces are unutilized spaces from the Building Allocated Parking. If Tenant has terminated its use of parking permits within the Building Allocated Parking, at Tenant's election, upon sixty (60) days prior notice to Landlord, Tenant may elect to utilize such spaces, up to the Building Allocated Parking, and Landlord shall terminate any existing arrangements with third parties for use of the spaces. Tenant shall pay to Landlord a parking charge, monthly in advance, equal to the then applicable parking charge calculated on a per space, per month basis, that Landlord is obligated to pay the City unde...