Common use of Lease Year Defined Clause in Contracts

Lease Year Defined. Lease Year" as used herein, means a period of (12) twelve consecutive months during the Lease Term commencing on February 1 of any calendar year, the first Lease Year commencing on the first day of the first February occurring on or after the Commencement Date. "Partial Lease Year" means that portion of the Lease Term prior to the first Lease Year.

Appears in 1 contract

Samples: Success Bancshares Inc

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Lease Year Defined. Lease Year," as used herein, means (a) if the Commencement Date occurs on a day other than the first day of a calendar month, a period of twelve (12) twelve consecutive months during the Lease Term commencing on February 1 of any calendar year, the first Lease Year commencing on the first day of the first February occurring on or after calendar month following the Commencement Date. "Partial Lease Year" means that portion , or (b) if the Commencement Date occurs on the first day of a calendar month, a period of twelve (12) consecutive months during the Lease Term prior to the first Lease Year.commencing on such date. 2.5

Appears in 1 contract

Samples: Lease Agreement (Karting International Inc)

Lease Year Defined. Lease Year" The term “lease year” as used herein, means herein shall mean a period of twelve (12) twelve consecutive months during the Lease Term commencing on February 1 of any full calendar year, the months. The first Lease Year commencing lease year shall begin on the first day “Lease Commencement Date”. Each succeeding lease year shall commence upon the anniversary date of the first February occurring on or after the Commencement Date. "Partial Lease Year" means that portion of the Lease Term prior to the first Lease Yearlease year.

Appears in 1 contract

Samples: Lease (Medical Solutions Management Inc.)

Lease Year Defined. For purposes of this Lease, a "Lease Year" as used herein, means a period of (12) twelve 12 consecutive months during the Lease Term commencing on February 1 of any calendar yearmonths, with the first Lease Year commencing on the first day of the first February occurring on or after the Commencement Date. "Partial Lease Year" means that portion of the Lease Term prior to the first Lease YearDate and ending 12 full calendar months thereafter.

Appears in 1 contract

Samples: Lease (Cannabis Global, Inc.)

Lease Year Defined. Lease YearThe term "lease year" as used herein, means herein shall mean a period of twelve (12) twelve consecutive months during the Lease Term commencing on February 1 of any full calendar year, the months. The first Lease Year commencing lease year shall begin on the first day Commencement Date hereof. Each succeeding lease year shall commence upon the anniversary date of the first February occurring on or after the Commencement Date. "Partial Lease Year" means that portion of the Lease Term prior to the first Lease Yearlease year.

Appears in 1 contract

Samples: 21 Lease Agreement (Harolds Stores Inc)

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Lease Year Defined. The term "Lease Year" as used herein, means herein shall mean a period of twelve (12) twelve consecutive months during the Lease Term commencing on February 1 of any full calendar year, the months. The first Lease Year commencing shall begin on the Term Commencement Date if the Term Commencement Date shall occur on the first day of a calendar month; if not, then the first February occurring on or after Lease Year shall commence upon the first day of the calendar month next following the Term Commencement Date. "Partial Each succeeding Lease Year" means that portion Year shall commence upon the anniversary date of the Lease Term prior to the first Lease Year.

Appears in 1 contract

Samples: Office Lease (West Bancorporation Inc)

Lease Year Defined. The term "Lease Year" ", as used herein, means shall mean a period of twelve (12) twelve consecutive full calendar months during the Lease Term commencing on February 1 a yearly anniversary date of any calendar yearthe first Lease Year, the first Lease Year commencing on the first day of the first February occurring on or after calendar month in which the Commencement Date. "Partial Lease Year" means that portion commencement of the Lease Term prior to the first Lease Yearterm occurs.

Appears in 1 contract

Samples: Lease Agreement (First Shares Bancorp Inc)

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