Interim Lease Term Sample Clauses

Interim Lease Term. 21 Investment ............................................................ 21 IRS ................................................................... 21
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Interim Lease Term. The interim term of the lease of the Equipment shall commence on the Acceptance Date and shall continue until the commencement of the Primary Lease Term defined below.
Sample 1Sample 2Sample 3See All (6)
Interim Lease Term. The interim term of the lease of the Equipment shall commence on the Acceptance Date and shall continue until the commencement of the Primary Lease Term defined below. b.
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Interim Lease Term. The Lessee agrees, whether or not any of the transactions contemplated hereby shall be consummated, to assume liability for, and to indemnify, protect, defend, save and keep harmless Lessor Trust (which right to indemnity may be assigned by the Lessor Trust), on an After Tax Basis, from and against, any and all Claims that may be imposed on, incurred by or asserted against Lessor Trust (whether because of action or omission by Lessor Trust or otherwise) during the Interim Lease Term, whether or not Lessor Trust shall also be indemnified as to any such Claim by any other Person and whether or not such Claim arises or accrues prior to the Documentation Date or after the Expiration Date, in any way relating to or arising out of any of the circumstances described in clauses (i) through (vii) of Section 13.1(b) below, where such Claims relate to the action or omission of the Lessee or its Affiliates while located on, in possession of, controlling or acting or failing to act with respect to any Uncompleted Property or arise from fraud, misapplication of funds, illegal acts or willful misconduct of the Lessee or its Affiliates. The Lessee acknowledges and agrees for the benefit of the Participants in this connection that (x) each Property is in its control and possession during the Interim Lease Term therefor, (y) it is responsible as Construction Agent for the acts and omissions of its subcontractors and agents and (z) it has agreed to maintain each Property free from injury or mishap to third persons; provided, however, that the foregoing shall not limit or otherwise affect any rights the Lessee may have against third parties.
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Interim Lease Term. During the Interim Lease Term for each Uncompleted Property and without limitation of the rights of any Tax Indemnitee under Sections 13.1 and 13.3, (x) the Lessee shall pay and assume liability for, and does hereby agree to indemnify, protect and defend the Uncompleted Properties and Lessor Trust, and hold the Uncompleted Properties and Lessor Trust harmless against, all Impositions on an After Tax Basis and (y) the Lessor Trust shall (Subject to Section 15.10) pay and assume liability for, and does hereby agree to indemnify, protect and defend the Uncompleted Properties and all other Tax Indemnitees against (for and against which obligations of the Lessor Trust the Lessee agrees to indemnify, protect and defend the Lessor Trust), all Impositions on an After Tax Basis.
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Interim Lease Term. During the Interim Lease Term for each Uncompleted Property, the Lessee shall procure and carry and/or cause its contractors and subcontractors, as applicable, to carry insurance with respect to each such Property as set forth in Section 2.8 of the Construction Agency Agreement; provided that Lessee shall be reimbursed for the cost of such insurance pursuant to the Construction Agency Agreement.
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Interim Lease Term. Subject to the provisions of this Article XIV, (x) if all or a portion of any Property is damaged or destroyed in whole or in part by a Casualty during the Interim Lease Term for such Property, any insurance proceeds payable with respect to such Casualty shall be paid directly to the Administrative Agent (as assignee of the Lessors), or if received by the Lessee, shall be paid over to the Administrative Agent, to be applied by the Administrative Agent as set forth in Section 3.4(b) of the Construction Agency Agreement, and (y) if the use, access, occupancy, easement rights or title to any Property or any part thereof is the subject of a Condemnation during the Interim Lease Term for such Property, then any award or compensation relating thereto shall be paid to the Administrative Agent (as assignee of the Lessors) or if received by the Lessee, shall be paid over to the Administrative Agent, to be applied by the Administrative Agent as set forth in Section 3.5(b) of the Construction Agency Agreement.
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Interim Lease Term. The interim lease term of this Facility Lease for the Undivided Interest (the "Interim Lease Term") shall commence on the Closing Date and shall terminate at 11:59 p.m. (New York City time) on October 20, 2000, subject to early termination in whole pursuant to Section 10, 13, 14 or 17 hereof.
Sample 1
Interim Lease Term. Notwithstanding anything to the contrary contained in the Master Lease, the term of this Interim Schedule with respect to the Equipment leased hereunder (the “Interim Term”) shall commence on the date Lessor first advances some or all of the Financed Amount and shall expire on the earlier to occur of the following (the “Interim Schedule Expiration Date”): (a) demand by Lessor; and (b) the date on which the Permanent Equipment Schedule is entered into and funded, which shall be no later than __________, __, 20__. See Attachment A, LIBOR Rate Rider (“LIBOR Rider”), the terms of which are incorporated herein by reference, for definitions and additional provisions. Upon the execution of such Permanent Equipment Schedule, this Interim Schedule shall terminate and the Lease Term as provided therein shall commence. Lessee shall execute a Permanent Equipment Schedule describing said Equipment within the specified period. The daily Interim Rent for the Equipment during the Interim Term shall be calculated as follows:
Sample 1

Related to Interim Lease Term

  • Initial Lease Term The Initial Lease Term is for a minimum of ten (10) years; however, the State will consider a longer lease term if economic benefits are deemed to be in the State’s best interest. Please propose a fixed, or flat, rental rate for a Gross Lease: including all expenses – taxes, insurance, janitorial services, maintenance, etc. The State may elect to pay for utilities separately so please include a cost per square foot to reduce the rental rate if such occurs.

  • 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.

  • Term of Lease This Lease shall commence on the date of ________ and shall continue until its natural termination under this part on the date of ________ at 11:59 PM. After the date of termination, this Lease shall automatically renew and shall continue for the same term amount until Landlord or Tenant undertake cancellation of this Lease in writing. At the expiration of this Lease, Tenant shall be responsible for providing a forwarding address to Landlord to receive any funds owed or other notices.

  • Term of Leases All Leases for residential dwelling units with respect to the Mortgaged Property satisfy each of the following conditions:

  • 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:

  • Lease Term The terms and provisions of this Lease shall be effective as of the date of this Lease. The term of this Lease (the “Lease Term”) shall commence on the “Lease Commencement Date,” as that term is set forth in Section 3.2 of the Summary, and shall terminate on the “Lease Expiration Date,” as that term is set forth in Section 3.3 of the Summary, unless this Lease is sooner terminated as hereinafter provided. Tenant hereby acknowledges that the Premises are currently occupied by another tenant of the Building. If Landlord is unable for any reason to deliver possession of the Premises to Tenant on any specific date , then Landlord shall not be subject to any liability for its failure to do so, and such failure shall not affect the validity of this Lease or the obligations of Tenant hereunder. For purposes of this Lease, the term “Lease Year” shall mean each consecutive twelve (12) month period during the Lease Term. At any time during the Lease Term, Landlord may 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. In addition to the foregoing, subject to any delays caused by Tenant or any Tenant Parties and events of Force Majeure, if Landlord fails to tender possession of the Premises to Tenant on or before January 2, 2015 (the “Base Rent Delivery Date”), Tenant shall be entitled to one (1) day of per diem Base Rent abatement for each day commencing on the day after the Base Rent Delivery Date and ending on the date Landlord so tenders possession of the Premises to Tenant. Any such Base Rent Abatement shall be separate from and in addition to any Rent Abatement described in Section 3.2 below.

  • Term of the Lease The lease begins at p.m. on (the “Check-in Date”) and ends at a.m. on (the “Checkout Date”).

  • The Lease 4.1. By this lease the Landlord lets and the Tenant takes the Premises for the Term at the Rent and subject ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .

  • Extension of Lease Term The Term of the Lease is hereby extended, pursuant to all of the terms and conditions of the Lease as amended, for an additional period of forty-two (42) months, ending on August 31, 2022 (the “First Extended Term”).

  • 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”)).

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