Common use of Definition of Lease Year Clause in Contracts

Definition of Lease Year. The first lease year is the period beginning on the Commencement Date and ending one (1) year after the last day of the month preceding the month in which the Commencement Date occurs. The second lease year shall begin on the day after the end of the first lease year, and shall end one (1) year after the end of the first lease year. The third and subsequent lease years shall begin and end on the appropriate anniversary dates of the beginning and ending dates of the second lease year.

Definition of Lease Year. The first lease year is the period beginning on the Commencement Date and ending one (1) year after the last day of the month preceding the month in which the Commencement Date occurs. The second lease year shall begin on the day after the end of the first lease year, and shall end one (1) year after the end of the first lease year. The third and subsequent lease years shall begin and end on the appropriate anniversary dates of the beginning and ending dates of the second lease year.

Definition of Lease Year. The first lease Lease year is the period beginning on the Commencement Date and ending one (1) year after the last day of the month preceding the month in which the Commencement Date occurs. The second lease Lease year shall begin on the day after the end of the first lease Lease year, and shall end one (1) year after the end of the first lease Lease year. The third and subsequent lease Lease years shall begin and end on the appropriate anniversary dates of the beginning and ending dates of the second lease Lease year.