LEASE YEAR DEFINITION Sample Clauses

LEASE YEAR DEFINITION. For purposes of this Lease, a “Lease Year” shall mean each period of twelve (12), consecutive full calendar months, beginning on January 1st and ending on December 31st of each calendar year during the Term; provided, however, the first Lease Year shall not be a full twelve (12) month period, but shall begin on the Commencement Date and end on December 31, 2018, and the last Lease Year of the Term will commence on January 1, of the year in which Option performance occurs and end on the Expiration Date.
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LEASE YEAR DEFINITION. Landlord and Tenant hereby acknowledge and agree that the seventh sentence (7th) of Section 2.1.1 of the Lease is hereby deleted in its entirely and is replaced with the following: “For purposes of this Lease, the term ‘Lease Year’ shall mean each consecutive twelve (12) month period during the Lease Term, provided that (a) for purposes of determining the Base Rent due under Section 8 of the Summary with respect to all Tranches other than Tranche 1, the term ‘Lease Year’ shall mean each period commencing as of September 1 and continuing through and including the next occurring August 31 which occurs during the Lease Term, with the first such Lease Year commencing as of September 1, 2003, and (b) the last Lease Year in all instances shall end on the Lease Expiration Date.” In no event shall the foregoing alter or modify the terms of Section 5.1, above.
Sample 1
LEASE YEAR DEFINITION. The term “Lease Year”, as used herein,’ shall, mean a period of twelve (12) consecutive full calendar months, beginning with the Commencement Date (or if the Commencement Date is not on the first day of a month, the first day of the month next following), or on each anniversary date thereof. Any partial month at the beginning of the Term shall be included in the first Lease Year. Each succeeding Tease Year shall commence upon the anniversary date of the first Lease Year.
Sample 1

Related to LEASE YEAR DEFINITION

  • Real Property Tax Definition As used herein, the term "REAL PROPERTY TAXES" shall include any form of real estate tax or assessment, general, special, ordinary or extraordinary, and any license fee, commercial rental tax, improvement bond or bonds, levy or tax (other than inheritance, personal income or estate taxes) imposed upon the Industrial Center by any authority having the direct or indirect power to tax, including any city, state or federal government, or any school, agricultural, sanitary, fire, street, drainage, or other improvement district thereof, levied against any legal or equitable interest of Lessor in the Industrial Center or any portion thereof, Lessor's right to rent or other income therefrom, and/or Lessor's business of leasing the Premises. The term "REAL PROPERTY TAXES" shall also include any tax, fee, levy, assessment or charge, or any increase therein, imposed by reason of events occurring, or changes in Applicable Law taking effect, during the term of this Lease, including but not limited to a change in the ownership of the Industrial Center or in the improvements thereon, the execution of this Lease, or any modification, amendment or transfer thereof, and whether or not contemplated by the Parties. In calculating Real Property Taxes for any calendar year, the Real Property Taxes for any real estate tax year shall be included in the calculation of Real Property Taxes for such calendar year based upon the number of days which such calendar year and tax year have in common.

  • Common Areas - Definition The term "Common Areas" is defined as all areas and facilities outside the Premises and within the exterior boundary line of the Industrial Center that are provided and designated by the Lessor from time to time for the general non-exclusive use of Lessor, Lessee and of other lessees of the Industrial Center and their respective employees, suppliers, shippers, customers and invitees, including parking areas, loading and unloading areas, trash areas, roadways, sidewalks, walkways, parkways, driveways and landscaped areas.

  • Basic Lease Provisions and Definitions In addition to other terms elsewhere defined in this Lease, the following terms whenever used in this Lease should have only the meanings set forth in this Preamble, unless such meanings are expressly modified, limited or expanded elsewhere herein.

  • Tax Definitions The following terms, as used herein, have the following meanings:

  • UCC Definitions Unless otherwise defined herein or the context otherwise requires, terms for which meanings are provided in the UCC are used in this Security Agreement, including its preamble and recitals, with such meanings.

  • Additional Definition Section 1.02 of the Credit Agreement is hereby amended to add thereto in alphabetical order the following definition which shall read in full as follows:

  • Additional Definitions The following terms have the meanings given below:

  • Construction; Definitions Unless the context requires otherwise, the general provisions, rules of construction and definitions in the DGCL shall govern the construction of these bylaws. Without limiting the generality of this provision, the singular number includes the plural and the plural number includes the singular.

  • Defined Term For purposes of this Section 2.14, the term “applicable law” includes FATCA.

  • Definition of Rent All costs and expenses which Tenant assumes or agrees to pay to Landlord under this Lease shall be deemed additional rent (which, together with the Base Rent is sometimes referred to as the "Rent"). The Rent shall be paid to the Building manager (or other person) and at such place, as Landlord may from time to time designate in writing, without any prior demand therefor and without deduction or offset, in lawful money of the United States of America.

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