Common use of Initial Lease Term Clause in Contracts

Initial Lease Term. The initial term (the “Initial Term”) of this Lease shall commence on the Commencement Date and shall expire at the end of the month that is twenty (20) years after the Rent Commencement Date unless sooner terminated in accordance with the provisions hereof. After the Rent Commencement Date and upon Landlord’s request, Tenant shall promptly enter into a written agreement with Landlord, mutually acceptable and in recordable form, stipulating the Commencement Date, the Rent Commencement Date, and expiration date of the Initial Term.

Appears in 3 contracts

Samples: Ground Lease (Carrollton Bancorp), Ground Lease (Carrollton Bancorp), Ground Lease (Carrollton Bancorp)

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Initial Lease Term. The initial term (the "Initial Term") of this Lease shall commence on the Commencement Date and shall expire at the end of the month that is twenty (20) years after the Rent Commencement Date unless sooner terminated in accordance with the provisions hereof. After the Rent Commencement Date and upon Landlord’s 's request, Tenant shall promptly enter into a written agreement with Landlord, mutually acceptable and in recordable form, stipulating the Commencement Date, the Rent Commencement Date, and expiration date of the Initial Term.

Appears in 2 contracts

Samples: Ground Lease (Carrollton Bancorp), Ground Lease (Carrollton Bancorp)

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Initial Lease Term. The initial term (the “Initial Term”) of this Lease (the "Initial Lease Term") shall commence on the Commencement Date and shall expire at the end of the month that is twenty (20) years after the Rent Commencement Date unless sooner terminated in accordance with the provisions hereof. After the Rent Commencement Date and upon Landlord’s requestshall be for a period of twenty (20) Lease Years, unless sooner terminated, as provided elsewhere in this Lease Agreement. Landlord and Tenant shall promptly enter into agree to execute a written agreement with Landlord, mutually acceptable writing establishing the commencement and in recordable form, stipulating the Commencement Date, the Rent Commencement Date, and expiration date termination dates of the Initial TermLease Term as soon as said dates have been determined.

Appears in 1 contract

Samples: Lease Agreement (M I Schottenstein Homes Inc)

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