Lease Term and Commencement Date Clause Samples
The "Lease Term and Commencement Date" clause defines the official start date and duration of the lease agreement between the landlord and tenant. It typically specifies when the tenant's right to occupy the premises begins and how long the lease will last, such as a fixed number of months or years. This clause ensures both parties are clear on when obligations under the lease begin and end, preventing disputes over occupancy periods and rent responsibilities.
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Lease Term and Commencement Date. (a) The Initial Term of this Lease shall be Twenty-Five (25) years, as specified in paragraph 1.04 of the Lease, and shall commence October 1, 2019, regardless of the Commencement Date.
(b) Landlord shall use all reasonable efforts to assist Tenant with, or as may be required, apply for in its own name, any and all Governmental Approvals necessary to facilitate the earliest possible Commencement Date.
(c) The Initial Term and any Extension Term (as defined in paragraph 3.05), are each collectively referred to hereafter interchangeably as the “Lease Term” or the “Term.”
(d) In the event that the Lease has been executed by Landlord and Tenant on or before, September 10, 2019, and provided that all Conditions Precedent have been satisfied and Tenant has obtained all Governmental Approvals, Tenant will be required to open and operate as a fully stocked and operating golf entertainment establishment on September 26, 2019, Notwithstanding the foregoing, if, because of any action of Landlord, all Conditions Precedent have not been satisfied or Tenant has not received all Governmental Approvals on or before October 26, 2019, Tenant shall have the right and option, in the exercise of its sole and absolute discretion, to terminate this Lease by providing written notice to Landlord (the “Termination Option”). If Tenant elects to exercise its Termination Option, neither party shall have any further rights or obligations under the Lease. Without limiting the foregoing, should Tenant exercise its Termination Option, Tenant shall in no event be responsible for any costs incurred by Landlord hereunder for the Premises or otherwise. Tenant covenants that in connection with any cooperation of Landlord required under paragraph 3.01(a) above, it shall apply for or cause the any application for Governmental Approvals to be submitted as soon as possible.
(e) The Initial Lease Term shall end at 11:59 p.m. Central Time on September 30, 2044, or such earlier date as this Lease may terminate as provided herein (the “Expiration Date”).
Lease Term and Commencement Date. The term of this LEASE (the “LEASE Term”) shall commence on May 02, 2002 (the “Commencement Date”). LESSEE shall provide written acknowledgment of the LEASE commencement and expiration dates to LESSOR prior to LESSEE’s possession of the Premises. LESSEE shall continuously operate its business in the entire Premises, as required by this LEASE, during the entire LEASE term. See Addendum.
Lease Term and Commencement Date. The following provisions relate to the commencement and duration of the term of this Lease:
Lease Term and Commencement Date. 1.1.3.1 The lease term for the area under clause 1.1.1 shall end on December 31, 2009, 5 years for stories from 10 to 15, 4 years and 4 months for the 9th story and 3 years and 11 months for the 8th story. Upon the expiration, Party B is entitled to renew the term for another 3 years under the conditions hereunder.
1.1.3.2 The lease commencement dates of the above stories under clause 1.1 are:
(1) Stories 10, 11, 12 and 15: January 1, 2005
(2) Story 9: September 1, 2005
(3) Story 8: February 1, 2006
Lease Term and Commencement Date. This lease term shall commence on November 7, 2020 (Commencement Date) or such earlier date that Tenant is provided possession of the Premises by Landlord, and shall end on October 31, 2021 (the “Initial Term”).
Lease Term and Commencement Date. A. Lease Agreement. Commencement Date, February 1st, year 2001 until January 31, year 2006.
B. Term.- The term of this Lease shall be for five years, binding for the parties, commencing on the date stated in item A) above, and shall end on the last day of the last month of the 5th year of the term, full lease year, as said term is hereafter defined.
Lease Term and Commencement Date. This Lease shall be for a term -------------------------------- of twelve
Lease Term and Commencement Date. The term of this Lease (the "Lease Term") shall commence on November 1, 1998 (the "Lease Commencement Date"), and expires on October 31, 1999. Lessee accepts the Premises on an "as is" basis. Lessee shall execute Lessor's Lease Commencement Certificate when Lessor tenders possession of the Premises.
Lease Term and Commencement Date. This Lease shall be for a term of five years, and shall commence on May 1, 2002, and shall end on last day of April 31,2007, hereinafter referred to as the “Termination Date. “
Lease Term and Commencement Date. This Lease shall be for a term of FIVE (5) years, which term shall begin upon the Commencement Date as hereafter defined. LESSEE shall not abandon the Premises during the Lease Term (for purposes of this agreement, the term "Lease Term" shall mean the primary Lease term of FIVE (5) years plus any renewal term or terms from time to time exercised by LESSEE as provided herein.) The Commencement Date shall be the date LESSEE "opens" for business to the general public as a commercial bank facility. LESSOR and LESSEE acknowledge that certain obligations under various articles of this Lease may commence prior to the Commencement Date of the Lease Term and agree that this is a binding and enforceable agreement as of the date LESSEE and LESSOR execute this Lease, subject to the termination provisions contained herein.