COMMENCEMENT DATE AND LEASE TERM Sample Clauses

COMMENCEMENT DATE AND LEASE TERM. The Commencement Date shall be as provided for on EXHIBIT "C-1", attached hereto and incorporated herein. The term of the Lease ("Lease Term") shall begin on the Commencement Date and shall continue for the number of years provided for in EXHIBIT "C-1", provided that if said Commencement Date shall not occur on 2 the first day of the calendar month, then the last day of the Lease Term shall be calculated from the first day of the calendar month next following the Commencement Date.
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COMMENCEMENT DATE AND LEASE TERM. (a) The initial term of this Lease shall be for a period of seven (7) years (hereafter referred to as “Term”), commencing on the “Commencement Date.” The Commencement Date shall be the earlier of (i) the date Tenant commences beneficial use of the Premises, determined as set forth herein below, or (ii) October 1, 1997. Notwithstanding any other provision of this Lease, should Landlord fail to timely review the Tenant Plans as provided in the Work Letter attached hereto as Exhibit E (the “Work Letter”)( such failure referred to as “Landlord Delay”), or should Tenant be delayed as a result of earthquake; war; riots; or strikes (delay from such enumerated causes, and no other cause, whether or not such cause may be similar to such enumerated causes, being referred to as “Force Majeure Delay”), and should Tenant not commence beneficial use of the Premises until a date subsequent to October 1, 1997 solely as a result of such Landlord Delay, or as a result of Force Majeure Delay, the Commencement Date shall be postponed from October 1, 1997 by the number of days after October 1, 1997 equal to the number of days of such Landlord Delay or Force Majeure Delay, but only to the extent that Tenant was actually delayed in commencing beneficial use of the Premises solely as a result of such Landlord Delay or Force Majeure Delay; under no circumstances shall the Commencement Date be postponed to the extent that any delay in Tenant’s commencing the beneficial use of the Premises beyond October 1, 1997 is attributable in whole or in part to any cause other than Landlord Delay or Force Majeure Delay. The initial twelve (12) month period after the Commencement Date and each successive twelve (12) month period thereafter during the initial Term and any renewal periods shall be hereinafter referred to as a “Lease Year.” If the Commencement Date is not the first day of a month, then the Term shall be the period set forth above plus the partial month in which the Commencement Date occurs. The Term shall also include any properly exercised renewal of the term of this Lease as provided in Paragraph 6 below.
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COMMENCEMENT DATE AND LEASE TERM. Subject to Paragraph 2.4 below, the term of this Lease shall begin, and the Commencement Date shall be deemed to have occurred on the actual Delivery Date, as determined pursuant to Section 2.4 below. The term of this Lease shall in all events end on the Lease Expiration Date (as set forth in Article 1) unless extended or sooner terminated in accordance with the terms of this Lease. The Lease Term shall be that period of time commencing on the Commencement Date and ending on the Lease Expiration Date (the “Lease Term”). 2.4
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COMMENCEMENT DATE AND LEASE TERM. Subject to Paragraph 2.4 below, the term of this Lease shall begin on the Commencement Date and end on the Expiration Date (as set forth in Article 1). The Lease Term shall be that period of time commencing on the Commencement Date and ending on the Expiration Date (the “Lease Term”). Once the Commencement Date is determined, Landlord shall deliver to Tenant a notice in the form as set forth in Exhibit C, attached hereto, as a confirmation only of the information set forth therein, which Tenant shall execute and return to Landlord within ten (10) business days of receipt thereof; provided, however, Tenant’s failure to execute and return such notice to Landlord within such time shall be conclusive upon Tenant that the information set forth in such notice is as specified therein.
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COMMENCEMENT DATE AND LEASE TERM. The initial term of this Lease shall be for a period of Five (5) years (hereafter referred to as "Term"), commencing thirty one (31) days after execution of this Lease by Landlord (the "Commencement Date"). Landlord agrees that following execution of this Lease, but prior to the Commencement Date (the "Early Access Period"), it shall permit Tenant to have access to the Premises (subject, however, to the rights of Xxxxxxx Furniture Services, Inc., the current tenant of the Premises) for the sole purpose of installing telecommunications equipment, specialty equipment, and related items, without obligation for the payment of Rent. Tenant agrees however, that (i) the provisions of Paragraph 20 pertaining to insurance and indemnification shall apply to the Early Access Period and that before such access is afforded during the Early Termination Agreement, Tenant shall provide to Landlord an insurance certificate demonstrating that the required insurance has been obtained; and (ii) that Tenant shall indemnify and hold Landlord harmless of and from: (x) any and all claims for damage to persons or property arising from the activities of Tenant (and its agents and contractors) on the Premises during the Early Access Period, and (y) any and all claims of any nature asserted by Xxxxxxx Furniture Services, Inc. arising from the activities of Tenant (and its agents and contractors) on the Premises during the Early Access Period. The initial twelve (12) month period after the Commencement Date and each successive twelve (12) month period thereafter during the initial Term and any renewal periods shall be hereinafter referred to as a "Lease Year." If the Commencement Date is not the first day of a month, then the Term shall be the period set forth above plus the partial month in which the Commencement Date occurs. The Term shall also include any properly exercised renewal of the term of this Lease as provided in Paragraph 6 below. If for any reason Landlord cannot deliver possession of the Premises to Tenant on the Commencement Date: (i) this Lease will not be void or voidable; (ii) Landlord will not be liable to Tenant for any resultant loss or damage; (iii) Rent will be waived for the period between the Commencement Date and the date on which Landlord delivers possession of the Premises to Tenant; (iv) the Commencement Date will be extended automatically, one day for each day after the Commencement Date and before delivery of possession; and (v) Landlord and Tenant will...
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COMMENCEMENT DATE AND LEASE TERM. The Lease Term and Tenant’s obligation to pay rent hereunder shall commence upon the earlier of: (a) thirty (30) days after the Tenant obtains approvals to operate a banking business on the Premises from the Utah Division of Financial Institutions and the Federal Deposit Insurance Corporation, or (b) the date Tenant opens for business. If such approvals are not obtained on or before May 1, 1999, then Landlord shall have the right to terminate this Lease upon written notice to Tenant at any time thereafter. If such approvals are not obtained on or before August 1, 1999, or if such approvals are declined, then this lease shall terminate automatically without further action by Landlord or Tenant. Unless sooner terminated pursuant to other provisions herein, the Lease Term shall continue for the Lease Term stated in Section 1 and shall end at midnight on the last day of the last Lease Year of the Lease Term.
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COMMENCEMENT DATE AND LEASE TERM. The initial term of this Lease shall be for a period of five (5) years (hereafter referred to as "Term"), commencing on the "Commencement Date." The Commencement Date shall be the earlier of (i) June 15, 1999, or (ii) the date Tenant commences beneficial use of the Premises, determined as set forth hereinbelow. Any use of the Premises by Tenant prior to the Commencement Date shall be subject to the terms and conditions of this Lease (except the payment of Rent). Tenant shall be deemed to have commenced beneficial use of the Premises when Tenant begins to move furniture, furnishings, or inventory into the Premises or any portion thereof. In no event shall Landlord be liable for Tenant's failure to complete construction by June 15, 1999. Tenant shall use reasonable efforts to keep Landlord informed of the progress of construction. The initial twelve (12) month period after the Commencement Date and each successive twelve (12) month period thereafter during the initial Term and any renewal periods shall be hereinafter referred to as a "Lease Year." If the Commencement Date is not the first day of a month, then the Term shall be the period set forth above plus the partial month in which the Commencement Date occurs.
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COMMENCEMENT DATE AND LEASE TERM. (a) The initial term of this Lease shall be for a period of thirteen (13) years and one (1) month (hereafter referred to as "Initial Term"), (subject to early termination as provided in Paragraph 4 below) commencing on the Commencement Date, which shall be the date upon which the following are satisfied:
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COMMENCEMENT DATE AND LEASE TERM. (a) The term of this Lease (the “Term”) shall commence on the date specified in the Basic Lease Provisions as the Commencement Date, and shall continue for the period specified in the Basic Lease Provisions.
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Related to COMMENCEMENT DATE AND LEASE TERM

  • Commencement Date and Term 1.1 This Agreement shall come into force on [insert date] (the “Commencement Date”) and, subject to paragraph 1.2 below, shall continue in full force and effect until [insert date] OR [until all Services have been completed and all Deliverables have been delivered to the British Council’s satisfaction as set out in Schedule 2 (Terms of Reference)] (the “Term”).

  • Commencement Date Delay Except as otherwise provided in the Lease, Delivery of the Premises shall occur when Landlord’s Work has been Substantially Completed, except to the extent that completion of Landlord’s Work shall have been actually delayed by any one or more of the following causes (“Tenant Delay”):

  • Commencement Date The Subcontractor shall be permitted to begin the Services on , 20 (“Commencement Date”).

  • Lease Commencement Date The earlier to occur of (i) the date upon which Tenant first commences to conduct business in the Premises, and (ii) the later to occur of (A) November 1, 2018 and (B) the date upon which the Premises are Ready for Occupancy (as that term is defined in Section 5.1 of the Tenant Work Letter attached hereto as Exhibit B (the “Tenant Work Letter”)).

  • Sublease Term The term of the Sublease (“Sublease Term”) commences on the later to occur of (1) Sublandlord’s receipt of Prime Landlord’s written consent to this Sublease, and (2) October 1, 2009 (“Sublease Commencement Date”); and expires on January 28, 2018 (“Sublease Expiration Date”; i.e., the day prior to the Termination Date pursuant to the Prime Lease). Sublandlord shall deliver the Subleased Premises “broom clean” and free of all of Sublandlord’s personal property (other than the F&F (defined in Section 2(f))) and debris, but otherwise in “AS IS, WHERE IS” condition on the Sublease Commencement Date; provided that Subtenant shall not be responsible for, or required to remedy, any violation of any applicable law, or any condition or state of facts, with respect to the Subleased Premises, the Building or the Land existing on or prior to the Sublease Commencement Date. Sublandlord is not required to perform any work to prepare the Subleased Premises for Subtenant’s intended use. If (i) for any reason Sublandlord has not received Prime Landlord’s written consent to this Sublease in form required by Section 15(i) below by the date which is sixty (60) days from the date hereof, or (ii) Prime Landlord elects to terminate the Prime Lease in respect of the Subleased Premises pursuant to Prime Landlord’s recapture right set forth in Section 16.5 of the Prime Lease, then in the case of (i), then Sublandlord and Subtenant each may elect at any time thereafter to terminate this Sublease by written notice to the other, whereupon the parties shall deem this Sublease to be null and void and of no effect (except for those provisions expressly stated herein to survive a termination), and in the case of (ii) the Sublease will be deemed terminated in accordance with Section 16.5 of the Prime Lease.

  • Rent Commencement Date The "Rent Commencement Date" shall be the date that Tenant first uses the Premises or any portion thereof for any purpose permitted under this lease. In the event this lease pertains to a building or building interior finish to be constructed, the "Rent Commencement Date" shall be the date upon which the buildings and other improvements erected and to be erected upon the premises shall have been substantially completed in accordance with the plans and specifications described on Exhibit "C" attached hereto and incorporated herein by reference, provided however, that if Landlord shall be delayed in such substantial completion as a result of: (i) Tenant's failure to agree to plans, specifications, and cost estimates, within a reasonable period of time; (ii) Tenant's request for materials, finishes or installations other than Landlord's standard; (iii) Tenant's changes in plans: the commencement date and the payment of rent hereunder shall be accelerated by the number of days of such delay, and provided further that if Landlord cannot substantially complete the premises as a result of any events (i) through (iii) above, Landlord may as its election complete so much of Landlord's work as may be practical under the circumstances and, by written notice to Tenant, establish the commencement date as the date of such partial completion, subject to any applicable accelerations due to delays resulting from events (i) through (iii) above. Taking possession by Tenant shall be deemed conclusively to establish that said buildings and other improvements have been completed in accordance with the plans and specifications and that the premises are in good and satisfactory condition, as of when possession was so taken. Tenant acknowledges that no representations as to the repair of the premises have been made by Landlord, unless such are expressly set forth in the lease. After such "Rent Commencement Date" Tenant shall, upon demand, execute and deliver to Landlord a letter of acceptance of delivery of the premises. In the event of any dispute as to substantial completion of work performed, execute or required to be performed by Landlord, the certificate of Landlord's architect or general contractor shall be conclusive.

  • Option to Extend Lease Term At the expiration of the original Lease Term, Tenant may extend this Lease as to the entire Premises or a portion of the Premises for two (2) extended terms of five (5) years each (each an “Extended Term”) by giving Landlord written notice (the “Option Notice”) of its intention to do so not later than twelve (12) months prior to the expiration of the original Lease Term, and thereafter twelve (12) months prior to the expiration of the applicable Extended Term; provided, however, that Tenant is not in material default beyond any applicable notice and cure period under the Lease on the date of giving such notice or on the date of commencement of such Extended Term. The Option Notice shall set forth Tenant’s election to extend the Lease for all or a portion of the Premises. If Tenant elects to extend the Lease for only a portion of the Premises, the portion of the Premises for which Tenant elects not to extend the Lease shall be: (i) either located entirely on one floor of the Premises or located on one entire floor and a portion of the other floor; (ii) a minimum of 15,000 RSF; (iii) adjacent to a window line and easily accessible; and (iv) shall be in a readily marketable and leasable location. Landlord shall be responsible for any and all costs to separate the portion of the Premises for which Tenant elects not to extend the Lease from the remainder of the Premises such that the space is a separate easily accessible and readily marketable space promptly following the commencement of the applicable Extended Term. Any termination of the entire Lease shall result in automatic termination of this option. Tenant’s right to extend the Lease Term provided herein is personal to Tenant and may not be assigned or otherwise transferred except in connection with a permitted assignment of this Lease, including to a Tenant’s Affiliate. The Extended Term shall be upon all of the terms and conditions of this Lease, except that the following rights of Tenant during the original Lease Term shall not apply during such Extended Term unless granted as part of the Fair Market Rental: (a) any right to rent-free possession; (b) any right to further extension of the Lease Term beyond the Extended Terms set forth herein above; (c) any right to continue to pay the same Base Rent; (d) any right to additional Tenant Allowance; (e) any right to terminate the Extended Term early; (f) any right to continue to exclude HVAC Capital Expenditures; (g) cost of security for the Building; and (h) the right to the continuation of any cap on Controllable Operating Expenses from the previous year (it being understood that the Operating Expenses for the first twelve (12) months of each new Extended Term shall be the actual Operating Expenses without any cap and thereafter the cap set forth in Section 4.2(e) shall apply). Landlord and Tenant hereby acknowledge and agree that the Base Rent during each Extended Term shall be equal to ninety-five (95%) of the Base Rent component of the “Fair Market Rental” and one hundred percent (100%) of the economic concessions, including without limitation, free rent, improvement allowance, base year and other monetary concessions, component of the Fair Market Rental for the Premises, as determined by as follows:

  • Commencement Date Memorandum When the actual Commencement Date is determined, the parties shall execute a Commencement Date Memorandum, in the form attached hereto as EXHIBIT D, setting forth the Commencement Date and Expiration Date.

  • Lease of Premises for Lease Term Landlord hereby leases the Premises to Tenant, and Tenant hereby rents the Premises from Landlord, for the Term and subject to the conditions of this Lease.

  • Expansion Premises In addition to the Original Premises, commencing on the Expansion Premises Commencement Date (as defined below), Landlord leases to Tenant, and Tenant leases from Landlord, the Expansion Premises.

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