Commencement Date; Rent Commencement Date Sample Clauses

Commencement Date; Rent Commencement Date. (a) Subject to the conditions set forth in Section 3.1(a) of the Lease with respect to the “C/O”, (i) the Commencement Date for each floor of the Premises is set forth on Exhibit C attached hereto, and (ii) the Rent Commencement Date for each floor of the Premises is set forth on Exhibit C attached hereto.
Sample 1
AutoNDA by SimpleDocs
Commencement Date; Rent Commencement Date. Anything in the Basic Lease Terms, to the contrary notwithstanding, Landlord, Tenant and Contractor hereby acknowledge and agree that both the Commencement Date and the Rent Commencement Date, shall for all purposes under this Lease, be January 1, 1998, provided, however, that (a) the January 1998 installment of the Initial Annual Base Rent With Respect to the Original Premises shall be One Hundred Four Thousand One Hundred Three and 08/100ths Dollar ($104,103.08), which amount is Ten Thousand and 00/100ths Dollars ($10,000.00) less than the monthly installments thereof for each of the months from February 1998 through December 2002 (inclusive), and (b) the Annual Base Rent With Respect to the Original Premises for the year 1998 shall be One Million Three Hundred Fifty-Nine Thousand Two Hundred Thirty-Seven and 00/100ths Dollars ($1,359,237.00), which amount is, in the aggregate, Ten Thousand and 00/100ths Dollars ($10,000.00) less than the Annual Base Rent With Respect to the Original Premises for the years 1999 through 2002 (inclusive). Notwithstanding the foregoing, Landlord and Tenant acknowledge and agree that (a) certain punch list items remain to be completed Landlord, one of which is the paving of the parking lot of Original Premises; and (b) Tenant shall reasonably cooperate with Landlord in regard to the completion of the paving of the parking lot (including, without limitation, allowing Landlord and its contractors reasonable access thereto).
Sample 1
Commencement Date; Rent Commencement Date. 3.1.1 The “
Sample 1
Commencement Date; Rent Commencement Date. The Term of the Lease shall commence on the first day of April 2013, subject to the requirements of this Section (the “Commencement Date”), and payment of Net Rent shall commence 4 months later (which the parties anticipate will be the first day of August 2013, the "Rent Commencement Date") and shall continue in full force and effect for the period of time specified as the Term or any earlier date when this Lease is terminated as otherwise provided herein. The Premises shall be deemed to be "Substantially Complete" on the date on which Landlord completes the “Landlord's Work” defined in the Work Letter. The terms of the Tenant's Specifications are further described in Exhibit B-1. If, for any reason, Xxxxxxxx has not completed Landlord's Work by the target Commencement Date of April 1, 2013, Tenant will have the right to delay the Commencement Date until the date Landlord's Work is Substantially Complete, in which case the Rent Commencement Date will be the 123rd day after the Commencement Date (for example, if the Commencement Date is April 5, the Rent Commencement Date will be August 5). In any case, as soon as possible after Xxxxxxxx's Work is Substantially Complete, the parties will execute and deliver a Commencement Date Memorandum in the form attached hereto as Exhibit C acknowledging (i) the Commencement Date, (ii) the final square footage of the Premises, (iii) Tenant's acceptance of the Premises, and (iv)the Rent Commencement Date.
Sample 1
Commencement Date; Rent Commencement Date. The "Commencement Date" of the Lease shall be the earlier of (a) the date Landlord delivers Tenant's Premises to Tenant with Landlord's Work described in Sections 1.1, 1.2.1 and 1.1.2 of the Tenant Work Letter (which is attached to the Lease as Exhibit B) substantially complete or (b) the date upon which Tenant first commences to conduct business in Tenant's Premises. The "Rent Commencement Date" of the Lease shall be the earlier of (i) three months following the date upon which Tenant first commences to conduct business in Tenant's Premises or (ii) January 1, 2005.
Sample 1
Commencement Date; Rent Commencement Date. Subject to adjustment as provided in Section 3.1, the term “Commencement Date” shall mean the date Landlord delivers the Premises to Tenant in the condition required under Section 2.2 below (which is anticipated to occur on December 1, 2014); provided that in no event shall the Commencement Date occur prior to December 1, 2014 without Tenant’s written consent. The “Rent Commencement Date” shall be the date that is one (1) month following the Commencement Date (which is anticipated to occur on January 1, 2015).
Sample 1

Related to Commencement Date; Rent Commencement Date

  • 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.

  • 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”):

  • 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”)).

  • Commencement Date Landlord shall deliver possession of the Premises to Tenant on the date (the “Delivery Date”) that Landlord’s Market Ready Improvements described on EXHIBIT C attached hereto and the Tenant Improvements to be completed by Landlord pursuant to the Work Letter Agreement attached hereto as EXHIBIT D are substantially completed. For purposes of this Lease, Landlord’s Market Ready Improvements and the Tenant Improvements shall be deemed to be “substantially completed” when Landlord’s Market Ready Improvements and the Tenant Improvements have been completed in accordance with any plans and specifications therefor, subject only to the completion of any minor punch-list items, and the City of Sunnyvale has completed a final inspection of such work and issued a temporary certificate of occupancy or other written approvals permitting legal occupancy of the Premises. The term of this Lease (“Term”) shall be seventy-six (76) months commencing on the date (the “Commencement Date”) which is thirty (30) days from the Delivery Date. If the Delivery Date does not occur on or before May 1, 2018, for any reason other than (i) ArcTec’s failure to complete the Final Plans and Specifications (as such term is defined in the Work Letter attached as EXHIBIT D) and submit such Final Plans and Specifications (and any other documentation required by the City of Sunnyvale for the issuance of a building permit for the Tenant Improvements) to Landlord’s general contractor by January 8, 2018, (ii) the City requiring Landlord to stop construction due to its commencement of the Tenant Improvements before the permits therefor were issued or (iii) delays caused by the acts or omission of Tenant, as defined in Paragraph 3(c) below, then the date Tenant is otherwise obliged to commence payment of Rent shall be delayed by one (1) additional day for each day the Delivery Date is delayed beyond such date.

  • Term Commencement Date The term of this Agreement shall commence on , 2020 (the “Commencement Date”) and, unless earlier terminated in accordance with the terms of this Agreement, shall end on June 30, 2055 (the “Term”).

  • ANNUITY COMMENCEMENT DATE The Valuation Date on which the Contract Value is withdrawn for payment of annuity benefits under the Annuity Payment Option selected.

  • Vesting Commencement Date Exercise Price per Share: Total Number of Shares: Type of Option: Non-Qualified Stock Option/Incentive Stock Option

  • Adjustment of Commencement Date; Possession 3.01 If Landlord is required to perform Landlord Work prior to the Commencement Date: (a) the date set forth in Section 1.06 as the Commencement Date shall instead be defined as the “Target Commencement Date”; (b) the actual Commencement Date shall be the date on which the Landlord Work is Substantially Complete (defined below); and (c) the Termination Date will the last day of the Term as determined based upon the actual Commencement Date. Landlord’s failure to Substantially Complete the Landlord Work by the Target Commencement Date shall not be a default by Landlord or otherwise render Landlord liable for damages. Promptly after the determination of the Commencement Date, Landlord and Tenant shall enter into a commencement letter agreement in the form attached as Exhibit D. If the Termination Date does not fall on the last day of a calendar month, Landlord and Tenant may elect to adjust the Termination Date to the last day of the calendar month in which Termination Date occurs by the mutual execution of a commencement letter agreement setting forth such adjusted date. The Landlord Work shall be deemed to be “Substantially Complete” on the date that all Landlord Work has been performed, other than any details of construction, mechanical adjustment or any other similar matter, the non-completion of which does not materially interfere with Tenant’s use of the Premises. If Landlord is delayed in the performance of the Landlord Work as a result of the acts or omissions of Tenant, the Tenant Related Parties (defined in Section 13) or their respective contractors or vendors, including, without limitation, changes requested by Tenant to approved plans, Tenant’s failure to comply with any of its obligations under this Lease, or the specification of any materials or equipment with long lead times (a “Tenant Delay”), the Landlord Work shall be deemed to be Substantially Complete on the date that Landlord could reasonably have been expected to Substantially Complete the Landlord Work absent any Tenant Delay.

  • Lease Commencement Notwithstanding anything contained herein to the contrary, if Lessor, for any reason whatsoever, including Lessor's negligence except as provided for in Article 27(b), cannot deliver possession of the Premises, as provided for in Article 27(a), to Lessee at the commencement of the agreed Term as set forth in Article 2, this Lease shall not be void or voidable, nor shall Lessor be liable to Lessee for any loss or damage resulting therefrom, but in that event, the Term shall be for the full term as specified above to commence from and after the date Lessor shall have delivered possession of the Premises to Lessee or from the date Lessor would have delivered possession of the Premises to Lessee but for Lessee's failure to timely supply to Lessor such drawings and/or information required by Exhibit C or for any other reason attributable to Lessee (herein the "Commencement Date") and to expire midnight of the day immediately preceding Term anniversary of the Commencement Date, and if requested by Lessor, Lessor and Lessee shall, ratify and confirm said Commencement and Expiration Dates by completing and signing Exhibit G attached hereto and made a part hereof.

  • Lease Period The Lessor agrees to permit the Lessee to make use of the leased premises under this agreement for the period prescribed in Appendix A.

Time is Money Join Law Insider Premium to draft better contracts faster.