Common use of Lease Year Defined Clause in Contracts

Lease Year Defined. As used in this Lease, the term “Lease Year” shall mean (a) if the Commencement Date is the first (1st) day of a calendar month, the twelve (12) month period commencing on the Commencement Date or (b) if the Commencement Date is not the first (1st) day of a calendar month, the period commencing on the Commencement Date and ending on the last day of the twelfth (12th) full calendar month of the Term, and in either case, each succeeding twelve (12) month period thereafter which falls in whole or in part during the Term.

Appears in 5 contracts

Samples: Master Lease Agreement (Spirit MTA REIT), Master Lease Agreement (Spirit Realty Capital, Inc.), Master Lease (Spirit Finance Corp)

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Lease Year Defined. As used in this Lease, the term “Lease Year” shall mean (ai) if the Commencement Date is the first (1st) day of a calendar month, the twelve (12) month period commencing on the Commencement Date or (bii) if the Commencement Date is not the first (1st) day of a calendar month, the period commencing on the Commencement Date and ending on the last day of the twelfth (12thl2th) full calendar month of the Term, and and, in either case, each succeeding twelve (12) month period thereafter which falls in whole or in part during the Term.

Appears in 3 contracts

Samples: Office Lease (ElectroCore, LLC), Office Lease (ElectroCore, LLC), Office Lease (Regado Biosciences Inc)

Lease Year Defined. As used in this Lease, the term “Lease Year” shall mean (ai) if the Commencement Date is the first (1st) day of a calendar month, the twelve (12) month period commencing on the Commencement Date or (bii) if the Commencement Date is not the first (1st) day of a calendar month, the period commencing on the Commencement Date and ending on the last day of the twelfth (12th) full calendar month of the Term, and and, in either case, each succeeding twelve (12) month period thereafter which falls in whole or in part during the Term.

Appears in 3 contracts

Samples: Industrial Building Lease (Apyx Medical Corp), Office Lease (Careadvantage Inc), Lease (Morgans Hotel Group Co.)

Lease Year Defined. As used in this Lease, the term "Lease Year" shall mean (ai) if the Commencement Date is the first (1st) day of a calendar month, the twelve (12) month period commencing on the Commencement Date or (bii) if the Commencement Date is not the first (1st) day of a calendar month, the period commencing on the Commencement Date and ending on the last day of the twelfth (12th) full calendar month of the Term, and in either case, each succeeding twelve (12) month period thereafter which falls in whole or in part during the Term.

Appears in 2 contracts

Samples: Lease Agreement (Autocam International LTD), Lease (Autocam International LTD)

Lease Year Defined. As used in this Lease, the term “Lease Year” shall mean (a) if the Commencement Date is the first (1st) day of a calendar month, the twelve (12) month period commencing on the Commencement Date or (b) if the Commencement Date is not the first (1st) day of a calendar month, the period commencing on the Commencement Date and ending on the last day of the twelfth (12th12th ) full calendar month of the Term, and in either case, each succeeding twelve (12) month period thereafter which falls in whole or in part during the Term.

Appears in 1 contract

Samples: Master Lease (Spirit Finance Corp)

Lease Year Defined. As used in this Lease, the term “Lease Year” shall mean (ai) if the Commencement Date is the first (1st) day of a calendar month, the twelve (12) month period commencing on the Commencement Date or (bii) if the Commencement Date is not the first (1st) day of a calendar month, the period commencing on the Commencement Date and ending on the last day of the succeeding twelfth (12th) full calendar month of the Term, and and, in either case, each succeeding twelve (12) month period thereafter which falls in whole or in part during the Term.

Appears in 1 contract

Samples: Office Lease (Taylor Capital Group Inc)

Lease Year Defined. As used in this Lease, the term “Lease YearYear ” shall mean (a) if the Commencement Date is the first (1st) day of a calendar month, the twelve (1212th) month period commencing on the Commencement Date or (b) if the Commencement Date is not the first (1st) day of a calendar month, the period commencing on the Commencement Date and ending on the last day of the twelfth (12th12) full calendar month of the Term, and in either case, each succeeding twelve (12) month period thereafter which falls in whole or in part during the Term.

Appears in 1 contract

Samples: Master Lease (Spirit MTA REIT)

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Lease Year Defined. As used in this Lease, the term "Lease Year" shall mean (ai) if the Commencement Date is the first (1st) day of a calendar month, the twelve (12) month period commencing on the Commencement Date or (bii) if the Commencement Date is not the first (1st) day of a calendar month, the period commencing on the Commencement Date and ending on the last day of the twelfth (12thl2th) full calendar month of the Term, and and, in either case, each succeeding twelve (12) month period thereafter which falls in whole or in part during the Term.

Appears in 1 contract

Samples: Office Lease (Caladrius Biosciences, Inc.)

Lease Year Defined. As used in this Lease, the term “Lease Year” shall mean (a) if the Commencement Date is the first (1st) day of a calendar month, the twelve (1212th) month period commencing on the Commencement Date or (b) if the Commencement Date is not the first (1st) day of a calendar month, the period commencing on the Commencement Date and ending on the last day of the twelfth (12th12) full calendar month of the Term, and in either case, each succeeding twelve (12) month period thereafter which falls in whole or in part during the Term.

Appears in 1 contract

Samples: Master Lease (Spirit Realty Capital, Inc.)

Lease Year Defined. As used in this Lease, the term "Lease Year" shall mean (ai) if the Commencement Date is the first (1st) day of a calendar month, the twelve (12) month period commencing on the Commencement Date or (bii) if the Commencement Date is not the first (1st) day of a calendar month, the period commencing on the Commencement Date and ending on the last day of the succeeding twelfth (12th) full calendar month of the Term, and and, in either case, each succeeding twelve (12) month period thereafter which falls in whole or in part during the Term.

Appears in 1 contract

Samples: Office Lease (Picis Inc)

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