Commencement of Lease Term Sample Clauses
Commencement of Lease Term. Pursuant to Article III, Section 3.01, paragraph (a) of the above-referenced Lease, the parties to said Lease agree to the following:
Commencement of Lease Term. The lease term shall commence as provided in Section 1.3 of the lease. If substantial completion of Tenant Work is delayed as a result of:
(i) Lessee’s failure to timely deliver the plans and specifications identified in Section 4.2 of this Exhibit or any inadequacy in such plans and specifications; or
(ii) Lessee’s failure to approve plans and specifications and price by the dates or within the time periods required by the lease (including this Exhibit); or
(iii) Lessee’s change(s) in Final Preliminary Plans or Final Contract Documents after they have been approved by Lessor where Lessee has been advised by Lessor that such change will cause delay, and notwithstanding such advice Lessor elects to require such changes; or
(iv) Lessee’s requests for materials, finishes or installations other than the building standard items and improvements specified by Lessor for the Building, where Lessee has been advised by Lessor that use of such non building standard item(s) will cause delay, and notwithstanding such advice, Lessee elects to use such non building standard item(s); or
(v) Lessee’s failure to timely perform any of its other obligations under the lease (including this Exhibit) (this provision (v) will operate only if Lessor has provided Lessee with notice of one of the enumerated failures on Lessee’s part and Lessee has failed to remedy such failure within two (2) business days after receipt of such notice); then the costs of such delays shall be a charge to Tenant Work and Lessor shall be deemed to have delivered possession of the leased premises to Lessee and the lease term and rent shall commence five (5) days after the date such work would have Substantially Completed if it was not so delayed. This Section 5.6 pertains only to delay which causes occupancy of the leased premises to be delayed until after January 1, 1993.
Commencement of Lease Term. The Original Term of this Lease shall commence on the Commencement Date as indicated in Exhibit A hereto and shall terminate at 12:00 midnight of the last day of Lessee’s current Fiscal Year. The Lease Term may be continued solely at the option of Lessee for such additional Renewal Terms, each of one (1) year duration, as would be required to make all Rental Payments set forth in Exhibit A hereto. Lessee shall advise Lessor by written notice, sent Certified Mail postage prepaid, not less than thirty (30) days prior to the end of the Renewal Term then in effect, if funds are not appropriated for the next succeeding Fiscal Year. The Lease shall continue in the event no such notice is given and the Lessee has included the obligation to make the payment set forth in Exhibit A hereto in its budget for the applicable Fiscal Year. The option to continue this Lease shall not be construed to create a multiple Fiscal Year direct or indirect debt. The terms and conditions during any Renewal Term shall be the same as the terms and conditions during the Original Term, except that the Rental Payments shall be as provided in Exhibit A of this Lease. Nothing herein shall be construed as creating or constituting a general obligation or other indebtedness or multiple fiscal year financial obligation of the Lessee within the meaning of any constitutional, home rule charter, or statutory provision, nor a mandatory charge or requirement against the Lessee in any ensuing fiscal year beyond the then current fiscal year. The Lessee shall have no obligation to make any payment with respect to this Lease except in connection with the payment of the Rental Payments and certain other payments under this Lease, which payments may be terminated by the Lessee in accordance with the provisions of this Lease. This Lease does not constitute a mandatory charge or requirement of the Lessee in any ensuing fiscal year beyond the then current fiscal year or constitute or give rise to a general obligation or other indebtedness or multiple fiscal year financial obligation of the Lessee within the meaning of any constitutional or statutory debt limitation and shall not constitute a multiple fiscal year direct or indirect debt or other financial obligation whatsoever. No provision of this Lease shall be construed or interpreted as creating an unlawful delegation of governmental powers nor as a donation by or a lending of the credit of the Lessee within the meaning of Sections 1 or 2 of Article XI o...
Commencement of Lease Term. The Lease Term applicable to each Lease shall commence and interest shall begin to accrue on the date specified in such Lease and shall continue until all Rental Payments and all other amounts due under such Lease have been paid in full, unless terminated earlier as provided in Section 5.02.
Commencement of Lease Term. The Original Term of this Lease shall commence on the Accrual Date and shall terminate immediately following the last day of Xxxxxx’s then current fiscal year. The Lease Term will be subject to renewal at the end of the Original Term or any Renewal Term for an additional year (each a “Renewal Term”), upon the appropriation of funds for the ensuing fiscal year’s Rental Payments, unless Lessee gives written notice to Lessor not less than 90 days prior to the end of the Original Term or Renewal Term then in effect, or such other notice as may be provided in Article VI hereof, of Lessee’s intention to terminate this Lease at the end of the Original Term or Renewal Term, upon receipt by Lessor of any Rental Payments due for the then current year. The terms and conditions during any Renewal Term shall be the same as the terms and conditions during the Original Term, except that the Rental Payments shall be as provided in Exhibit A hereto.
Commencement of Lease Term. The Lease Term shall commence as of the date of the execution hereof.
Commencement of Lease Term. The Lease Term shall commence on the Lease Commencement Date.
Commencement of Lease Term. The Commencement Date of the Lease Term shall be the date as determined in accordance with Paragraph 1(i) of this Lease.
Commencement of Lease Term. The term of this Lease shall commence the latter of (i) July 1, 1989, or (ii) substantial completion of the interior improvements as outlined in Exhibit "B". Substantial completion shall mean Lessor's material completion of the improvements so that Lessee may occupy the Premises without material interference from Lessor's contractors. However, should the Lease and final plans be executed after April 29, 1989, or should Lessee, its employees, officers, contractors, agents or suppliers interfere with Lessor or its contractors in constructing the improvements as per Exhibit "B", then this Lease shall commence July 1, 1989. In the event Lessor is unable to complete the interior improvements as per Exhibit "B" by September 30, 1989, (acts of God, strikes, war or delays beyond Lessor's control excepted), Lessee shall have the right, by giving Lessor ten (10) days advance written notice, to terminate this Lease and all monies paid pursuant to the Lease by Lessee to Lessor shall be returned to Lessee. Within twenty-five (25) days from commencement of the term, Lessee shall deliver to Lessor a written "punch list" defining those items or areas requiring repair. Lessor agrees to diligently prosecute such repair as soon as reasonably possible after receipt of Lessee's written "punch list".
Commencement of Lease Term. The Lease Term shall commence on the date of execution by the Lessee of the Acceptance Certificate.