Common use of COMMENCEMENT AND ENDING DAY OF TERM Clause in Contracts

COMMENCEMENT AND ENDING DAY OF TERM. The term of this Lease shall commence upon (a) the commencement date set forth in the Data Sheet, or (b) the date on which Tenant opens its store in the Leased Premises for business to the public, whichever of said dates is the first to occur, and shall end on the final day of the last Lease Year of the term or other specified date as set forth in the Data Sheet, unless sooner terminated as hereinafter provided. For the purpose of this Lease, the first “Lease Year” shall be a period commencing on the day the term of this Lease commences and ending on January 31 next following; after the first Lease Year, the term “Lease Year” shall mean a fiscal year of twelve (12) consecutive calendar months commencing on February 1 of each calendar year, except that the final Lease Year of the term shall be a period of less than twelve (12) consecutive calendar months in the event that an expiration date other than January 31 is set forth in the Data Sheet. In the event Landlord elects to recapture space adjacent to the Leased Premises, combine the Leased Premises with vacant space adjacent to the Leased Premises, or cause an expansion or contraction of, or perform structural changes or alterations to, the Shopping Center or the regional retail development, and such expansion, contraction and/or structural changes or alterations directly affect all or any portion of the Leased Premises, then Landlord upon ninety (90) days’ prior notice in writing to Tenant may terminate this Lease. In the event of such termination, within thirty (30) days following the date that Tenant shall have vacated the Leased Premises, Landlord shall pay to Tenant a sum equal to the then unamortized cost (without interest) of Tenant’s leasehold improvements, such amortization to be calculated on the straight-line basis over the full term of the Lease, with Landlord’s obligation being limited to the balance of such cost remaining as of the date that Tenant shall have so vacated. Tenant shall furnish to Landlord such backup information as Landlord may reasonably require. Impossible Kicks/Westfarms/03/03/23 S1 COMMON AREA CHARGE

Appears in 1 contract

Samples: Lease (Impossible Kicks Holding Company, Inc.)

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COMMENCEMENT AND ENDING DAY OF TERM. The term of this Lease shall commence upon (a) the commencement date set forth in the Data Sheet, or (b) the date on which Tenant opens its store in the Leased Premises for business to the public, whichever of said dates is the first to occur, and shall end on the final day of the last Lease Year of the term or other specified date as set forth in the Data Sheet, unless sooner terminated as hereinafter provided. For the purpose of this Lease, the first “Lease Year” shall be a period commencing on the day the term of this Lease commences and ending on January 31 next following; after the first Lease Year, the term “Lease Year” shall mean a fiscal year of twelve (12) consecutive calendar months commencing on February 1 of each calendar year, except that the final Lease Year of the term shall be a period of less than twelve (12) consecutive calendar months in the event that an expiration date other than January 31 is set forth in the Data Sheet. In the event Landlord elects to recapture space adjacent to the Leased Premises, combine the Leased Premises with vacant space adjacent to the Leased Premises, or cause an expansion or contraction of, or perform structural changes or alterations to, the Shopping Center or the regional retail development, and such expansion, contraction and/or structural changes or alterations directly affect all or any portion of the Leased Premises, then Landlord upon ninety (90) days’ prior notice in writing to Tenant may terminate this Lease. In the event of such termination, within thirty (30) days following the date that Tenant shall have vacated the Leased Premises, Landlord shall pay to Tenant a sum equal to the then unamortized cost (without interest) of Tenant’s leasehold improvements, such amortization to be calculated on the straight-line basis over the full term of the Lease, with Landlord’s obligation being limited to the balance of such cost remaining as of the date that Tenant shall have so vacated. Tenant shall furnish to Landlord such backup information as Landlord may reasonably require. Impossible Kicks/Westfarms/03/03/23 Kicks /Xxxxxxx Center/03/22/23 S1 COMMON AREA CHARGE

Appears in 1 contract

Samples: Common Areas and Center Promotion (Impossible Kicks Holding Company, Inc.)

COMMENCEMENT AND ENDING DAY OF TERM. The term of this Lease shall commence upon (a) the commencement date set forth in the Data Sheet, or (b) the date on which Tenant opens its store in the Leased Premises for business to the public, whichever of said dates is the first to occur, and shall end on the final day of the last Lease Year of the term or other specified date as set forth in the Data Sheet, unless sooner terminated as hereinafter provided. For the purpose of this Lease, the first “Lease Year” shall be a period commencing on the day the term of this Lease commences and ending on January 31 next following; after the first Lease Year, the term “Lease Year” shall mean a fiscal year of twelve (12) consecutive calendar months commencing on February 1 of each calendar year, except that the final Lease Year of the term shall be a period of less than twelve (12) consecutive calendar months in the event that an expiration date other than January 31 is set forth in the Data Sheet. In the event Landlord elects to recapture space adjacent to the Leased Premises, combine the Leased Premises with vacant space adjacent to the Leased Premises, or cause an expansion or contraction of, or perform structural changes or alterations to, the Shopping Center or the regional retail development, and such expansion, contraction and/or structural changes or alterations directly affect all or any portion of the Leased Premises, then Landlord upon ninety (90) days’ prior notice in writing to Tenant may terminate this Lease. In the event of such termination, within thirty (30) days following the date that Tenant shall have vacated the Leased Premises, Landlord shall pay to Tenant a sum equal to the then unamortized cost (without interest) of Tenant’s leasehold improvements, such amortization to be calculated on the straight-line basis over the full term of the Lease, with Landlord’s obligation being limited to the balance of such cost remaining as of the date that Tenant shall have so vacated. Tenant shall furnish to Landlord such backup information as Landlord may reasonably require. Impossible Kicks/Westfarms/03/03/23 Kicks /International Plaza/03/21/23 S1 COMMON AREA CHARGE

Appears in 1 contract

Samples: Lease (Impossible Kicks Holding Company, Inc.)

COMMENCEMENT AND ENDING DAY OF TERM. The term of this Lease shall commence upon (a) the commencement date set forth in the Data Sheet, or (b) the date on which Tenant opens its store in the Leased Premises for business to the public, whichever of said dates is the first to occur, and shall end on the final day of the last Lease Year of the term or other specified date as set forth in the Data Sheet, unless sooner terminated as hereinafter provided. For the purpose of this Lease, the first “Lease Year” shall be a period commencing on the day the term of this Lease commences and ending on January 31 next following; after the first Lease Year, the term “Lease Year” shall mean a fiscal year of twelve (12) consecutive calendar months commencing on February 1 of each calendar year, except that the final Lease Year of the term shall be a period of less than twelve (12) consecutive calendar months in the event that an expiration date other than January 31 is set forth in the Data Sheet. In the event Landlord elects to recapture space adjacent to the Leased Premises, combine the Leased Premises with vacant space adjacent to the Leased Premises, or cause an expansion or contraction of, or perform structural changes or alterations to, the Shopping Center or the regional retail development, and such expansion, contraction and/or structural changes or alterations directly affect all or any portion of the Leased Premises, then Landlord upon ninety (90) days’ prior notice in writing to Tenant may terminate this Lease. In the event of such termination, within thirty (30) days following the date that Tenant shall have vacated the Leased Premises, Landlord shall pay to Tenant a sum equal to the then unamortized cost (without interest) of Tenant’s leasehold improvements, such amortization to be calculated on the straight-line basis over the full term of the Lease, with Landlord’s obligation being limited to the balance of such cost remaining as of the date that Tenant shall have so vacated. Tenant shall furnish to Landlord such backup information as Landlord may reasonably require. Impossible Kicks/Westfarms/03/03/23 Kicks /The Mall at Green Hills/03/21/23 S1 COMMON AREA CHARGE

Appears in 1 contract

Samples: Lease (Impossible Kicks Holding Company, Inc.)

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COMMENCEMENT AND ENDING DAY OF TERM. The term of this Lease shall commence upon (a) the commencement date set forth in the Data Sheet, or (b) the date on which Tenant opens its store in the Leased Premises leased premises for business to the public, whichever of said dates is the first to occur, and shall end on the final day of the last Lease Year lease year of the term or other specified date as set forth in the Data Sheet, unless sooner terminated as hereinafter provided. For the purpose of this Lease, the first “Lease Year” "lease year" shall be a period commencing on the day the term of this Lease commences and ending on January 31 next following; after the first Lease Yearlease year, the term “Lease Year” "lease year" shall mean a fiscal year of twelve (12) consecutive calendar months commencing on February 1 of each calendar year, except that the final Lease Year lease year of the term shall be a period of less than twelve (12) consecutive calendar months in the event that an expiration date other than January 31 is set forth in the Data Sheet. Landlord shall exercise reasonable efforts to respond to drawings and specifications submitted by Tenant pursuant to this Lease within ten (10) business days following receipt of such drawings and specifications from Tenant. In the event of Landlord's failure to respond within such ten (10) day period, the commencement date as set forth in this Section 1.02 shall be extended by one (1) day for each day of additional delay. In the event Landlord elects to recapture space adjacent to the Leased Premises, combine the Leased Premises with vacant space adjacent to the Leased Premises, or cause an a physical expansion or contraction of, or perform structural changes or alterations to, of the Shopping Center or the regional retail development, and such expansion, contraction and/or structural changes or alterations development which directly affect affects all or any portion of the Leased Premisesleased premises, then Landlord upon ninety one hundred eighty (90180) days' prior notice in writing to Tenant may terminate this Lease. During the one hundred eighty (180) day period Landlord shall offer to Tenant such alternative and comparable location of approximately the same square footage, and with comparable access and visibility, as may exist in the Shopping Center from time to time. In the event there is no such alternative location available in the existing Shopping Center, then Landlord shall offer Tenant an alternative location of approximately the same square footage, and with comparable access and visibility, as may be available in any expansion area of the Shopping Center, provided such expansion area contains at least several stores of less than twenty thousand (20,000) square feet of floor area. In the event the parties agree on a specific location, then this Lease shall be amended by substituting the new location for the present location and minimum rental, the percentage breakpoint, and Merchants' Association or promotional charges shall be proportionately adjusted. Tenant shall complete the Tenant's Work, as described in Exhibit `B' attached hereto, in the new premises, in accordance with the plans and drawings originally approved by Landlord with respect to Tenant's Work in the original leased premises and Tenant shall, within one hundred fifty (150) days after delivery of the new premises to Tenant, open for business in the leased premises. Landlord shall reimburse to Tenant all reasonable costs of Tenant's Work in such new premises in accordance with the plans for the original leased premises as approved by Landlord, all of which costs shall be reimbursable as a Tenant reimbursement in the same manner as Tenant's initial Tenant reimbursement under Section 5.01 of this Lease. In the event of such termination, within thirty (30) days following relocation during the date that Tenant shall have vacated the Leased Premises, Landlord shall pay to Tenant a sum equal to the then unamortized cost (without interest) of Tenant’s leasehold improvements, such amortization to be calculated on the straight-line basis over the full term of the Lease, with Landlord’s obligation being limited to the balance of such cost remaining as of the date that Tenant shall have so vacated. Tenant shall furnish to Landlord such backup information as Landlord may reasonably require. Impossible Kicks/Westfarms/03/03/23 S1 COMMON AREA CHARGElast five

Appears in 1 contract

Samples: Silver Diner Inc /De/

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