Common use of Lease Year Clause in Contracts

Lease Year. The term "Lease Year" as used in this Lease shall mean a period of twelve (12) consecutive calendar months during the term of this Lease. The first Lease Year shall begin on the Commencement Date if the Commencement Date occurs on the first day of a calendar month; if not, the first Lease Year shall begin on the first day of the calendar month next following the Commencement Date. Each succeeding Lease Year shall begin at the expiration of the immediately preceding Lease Year.

Appears in 4 contracts

Samples: Lease Agreement (Q Comm International Inc), Lease Agreement (Qcomm International Inc), Lease Agreement (Liberty Mint LTD)

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Lease Year. The term "Lease Year" as used in this Lease herein, shall mean a period of twelve (12) consecutive full calendar months during the term of this Leasemonths. The first First Lease Year shall begin on the Commencement Date of the term hereof, if the Commencement Date occurs of the term hereof shall occur on the first (1st) day of a calendar month; if not, not then the first First Lease Year shall begin on commence upon the first (1st) day of the calendar month next following the Commencement DateDate of the term hereof. Each succeeding Lease Year shall begin at commence upon the expiration anniversary date of the immediately preceding First Lease Year.

Appears in 3 contracts

Samples: Lease Agreement (Coastcast Corp), Lease Agreement (Coastcast Corp), Lease Agreement (Coastcast Corp)

Lease Year. The term "Lease Year" as used in this Lease herein, shall mean a period of twelve (12) consecutive full calendar months during the term of this Leasemonths. The first Lease Year shall begin on the Commencement Date if the Commencement Date occurs on the first day of a calendar month; if not, then the first Lease Year shall begin on commence upon the first day of the calendar month next following the Commencement Date. Each succeeding Lease Year shall begin at the expiration date of commencement of the immediately preceding Lease Yearterm hereof. The rent for any partial month shall be prorated.

Appears in 3 contracts

Samples: Lease Agreement, Lease Agreement (Masimo Corp), Lease Agreement (Masimo Corp)

Lease Year. The term "Lease Year" as used in this Lease herein, shall mean a period of twelve (12) consecutive full calendar months during the term of this Leasemonths. The first Lease Year shall begin on the Commencement Date date of commencement of the term hereof or at occupancy of the Leased Property, if the Commencement Date occurs date of commencement of the term hereof shall occur on the first day of a calendar month; if not, not then the first Lease Year shall begin on commence upon the first day of the calendar month next following the Commencement Date. Each succeeding Lease Year shall begin at the expiration date of commencement of the immediately preceding Lease Yearterm hereof.

Appears in 2 contracts

Samples: Lease Agreement (Masimo Corp), Lease Agreement (Masimo Corp)

Lease Year. The term "A Lease Year" as used in this Lease Year shall mean consist of a period of twelve (12) 12 consecutive full calendar months during the term of this Leasemonths. The first Lease Year shall begin on the Commencement Date or, if the Commencement Date occurs does not occur on the first day of a calendar month; if not, the first Lease Year shall begin on the first day of the calendar month next following the Commencement Date. Each succeeding Lease Year shall begin at commence upon the expiration anniversary date of the immediately preceding first Lease Year.

Appears in 2 contracts

Samples: Lease (Universal Electronics Inc), Lease (Universal Electronics Inc)

Lease Year. The term "Lease Year" as used in this Lease shall mean means a period of twelve (12) consecutive full calendar months during the term of this Leasemonths. The first Lease Year shall will begin on the Commencement Date if the Commencement Date occurs on the first day of a calendar month; if not, the first Lease Year shall begin will commence on the first day of the calendar month next following the Commencement Date. Each succeeding Lease Year shall begin at will commence upon the expiration anniversary of the immediately preceding first Lease Year.

Appears in 2 contracts

Samples: Restaurant Lease (Il Fornaio America Corp), Restaurant Lease (Il Fornaio America Corp)

Lease Year. The term "Lease Year" as used in this Lease herein shall mean a period each of the consecutive twelve (12) consecutive calendar months during month periods beginning on the term first day of this Lease. The the first Lease Year shall begin on calendar month following the Commencement Date if unless the Commencement Date occurs falls on the first day of a calendar month; if not, in which event the first Lease Year shall begin commence on the first day of the calendar month next following the Commencement Date. Each succeeding Lease Year shall begin at the expiration of the immediately preceding Lease Year.

Appears in 2 contracts

Samples: Assignment and Assumption Agreement, Minimed Inc

Lease Year. As used in this Lease, a "Lease Year" shall initially mean the twelve (12) month period commencing on the Commencement Date and ending on the first anniversary thereof. The term "Lease Year" as used in this Lease shall will thereafter mean a period of the successive twelve (12) consecutive calendar months during the term of this Lease. The first Lease Year shall begin month periods ending on the Commencement Date if the Commencement Date occurs on the first day anniversary of a calendar month; if not, the first Lease Year shall begin on the first day of the calendar month next following the Commencement Date. Each succeeding Lease Year shall begin at the expiration of the immediately preceding Lease Year.

Appears in 2 contracts

Samples: Pipeline Lease Agreement (Holly Energy Partners Lp), Pipeline Lease Agreement (Holly Energy Partners Lp)

Lease Year. The term "Lease Year" as used in this Lease herein shall mean a period of twelve (12) consecutive full calendar months during the term of this Leasemonths, except as set forth herein. The first (1st) Lease Year Year, however, shall begin be for that period beginning on the Commencement Date if the Commencement Date occurs and ending on the first day of a calendar month; if notDecember 31, the first Lease Year shall begin on the first day of the calendar month next following the Commencement Date2009. Each succeeding Lease Year shall begin at commence the next day after the expiration of the immediately preceding prior Lease Year.

Appears in 2 contracts

Samples: Lease Agreement (Dakota Plains Holdings, Inc.), Lease Agreement (MCT Holding Corp)

Lease Year. The term "Lease Year" as used in this Lease herein shall mean a period each of the consecutive twelve (12) consecutive calendar months during month periods beginning on the term first day of this Lease. The the first Lease Year shall begin on calendar month following the Commencement Date if unless the Commencement Date occurs falls on the first day of a calendar month; if not, in which event the first Lease Year shall begin commence on the first day of the calendar month next following the Commencement Date. Each succeeding As an example, “Lease Year shall begin at 55” means the expiration Lease Year commencing after the fifty-fourth (54th) anniversary of the immediately preceding Lease YearCommencement Date.

Appears in 2 contracts

Samples: Disposition and Development Agreement, Disposition and Development Agreement

Lease Year. The term "Lease Year" as used in this Lease herein, shall mean a period of twelve (12) consecutive full calendar months during the term of this Leasemonths. The first First Lease Year shall begin on the Commencement Date of the term hereof, if the Commencement Date occurs of the term hereof shall occur on the first (1st.) day of a calendar month; if not, not then the first First Lease Year shall begin on commence upon the first (1st.) day of the next calendar month next following the Commencement DateDate of the term hereof. Each succeeding Lease Year shall begin at commence upon the expiration anniversary date of the immediately preceding First Lease Year.

Appears in 2 contracts

Samples: Lease Agreement (Coastcast Corp), Lease Agreement (Coastcast Corp)

Lease Year. The As used in the provisions of this Lease, the term "Lease Year" as used in this Lease shall mean means a period of twelve (12) consecutive calendar months during the term of this Leasemonths. The first Lease Year shall begin commence on September 1 1999 and each succeeding Lease Year ----------- -- shall commence on the Commencement Date if the Commencement Date occurs on the first day anniversary date of a calendar month; if not, the first Lease Year shall begin on the first day of the calendar month next following the Commencement Date. Each succeeding Lease Year shall begin at the expiration of the immediately preceding Lease Yearyear.

Appears in 1 contract

Samples: Salem Community Bankshares Inc

Lease Year. The term "Lease Year" “lease year” as used in this Lease herein shall be defined to mean a period of twelve (12) consecutive calendar months during the term of this Leasemonths. The first Lease Year (1st) lease year shall begin on the Commencement Date if the Commencement Date occurs shall occur on the first day of a calendar month; if not, then the first Lease Year (1st) lease year shall begin commence on the first (1st) day of the calendar month next immediately following the Commencement DateDate and the period between the Commencement Date and the last day of such month shall be added to the first lease year. Each succeeding Lease Year lease year shall begin at commence on the expiration anniversary date of the immediately preceding Lease Yearfirst (1st) lease year.

Appears in 1 contract

Samples: Service Gross Office Lease (Entrade Inc)

Lease Year. The term "A Lease Year" as used in this Lease Year shall mean consist of a period of twelve (12) 12 consecutive full calendar months during the term of this Leasemonths. The first Lease Year shall begin on the Term Commencement Date or, if the Term Commencement Date occurs does not occur on the first day of a calendar month; if not, the first Lease Year shall begin on the first day of the calendar month next following the Term Commencement Date. Each succeeding Lease Year shall begin at commence upon the expiration anniversary date of the immediately preceding first Lease Year.

Appears in 1 contract

Samples: Lease (Virco MFG Corporation)

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Lease Year. As used in this Lease, a "Lease Year" shall initially mean the twelve (12) month period commencing on the Commencement Date and ending on the first anniversary thereof. The term "Lease Year" as used in this Lease shall will thereafter mean a period of the successive twelve (12) consecutive calendar months during the term of this Lease. The first Lease Year shall begin month periods ending on the Commencement Date if the Commencement Date occurs on the first day anniversary of a calendar month; if not, the first Lease Year shall begin on the first day of the calendar month next following the Commencement Date. Each succeeding Lease Year shall begin at the expiration of the immediately preceding Lease Year4.

Appears in 1 contract

Samples: Pipeline Lease Agreement

Lease Year. The term "Lease Year" as used in this Lease shall mean ” means a period of twelve (12) 12 consecutive full calendar months during the term of this Leasemonths. The first Lease Year shall will begin on the Commencement Date if the Commencement Date occurs said date will occur on the first day of a calendar month; if not, the first Lease Year shall begin on will commence upon the first day of the calendar month next following the Commencement DateDate of the term hereof. Each succeeding Lease Year shall begin at will commence upon the expiration anniversary of the immediately preceding first Lease Year.

Appears in 1 contract

Samples: Lease Agreement (Sonic Foundry Inc)

Lease Year. The term "Lease Year" as used in this Lease shall mean a period of twelve (12) consecutive calendar months during the term of this Lease. The first Lease Year shall begin on the Commencement Date if the Commencement Date occurs on the first day of a calendar month; if not, not the first Lease Year shall begin on the first day of the calendar month next following the Commencement Date. Each succeeding Lease Year shall begin at the expiration of the die immediately preceding Lease Year.

Appears in 1 contract

Samples: Lease Agreement (Ziasun Technologies Inc)

Lease Year. The term "Lease Year" as As used in this Lease, “Lease Year” shall mean mean: (a) the initial Lease Year shall be the period that commences on the Commencement Date and that ends on the first anniversary of the Commencement Date; and (b) thereafter, each Lease Year shall be a period of twelve (12) consecutive calendar months during that commences on the term anniversary of this Lease. The first Lease Year shall begin on the Commencement Date if the Commencement Date occurs and that ends on the first day immediately preceding the next anniversary of a calendar month; if not, the first Lease Year shall begin on the first day of the calendar month next following the Commencement Date. Each succeeding Lease Year shall begin at the expiration of the immediately preceding Lease Year.

Appears in 1 contract

Samples: Commercial Lease

Lease Year. The term "Lease Year" as used in this Lease shall mean a means each consecutive period of twelve (12) consecutive full calendar months during the term of this Lease. The first Lease Year shall begin commencing on the Commencement Date Date, if the Commencement Date occurs that date shall occur on the first day of a calendar month; if not, then the first Lease Year shall begin on commence upon the first day of the first calendar month next following the Commencement Date. Each succeeding Lease Year shall begin at commence upon the expiration anniversary date of the immediately preceding first Lease Year.

Appears in 1 contract

Samples: Lease (Great Plains Software Inc)

Lease Year. The term "Lease Year" as used in this Lease herein shall mean a period of twelve (12) consecutive full calendar months during the term of this Leasemonths. The first Lease Year shall begin on the Commencement Date hereof if the Commencement Date occurs shall occur on the first day of a calendar month; if not, then the first Lease Year shall begin on commence upon the first day of the calendar month next following the Commencement DateDate hereof. Each succeeding Lease Year shall begin at commence on the expiration first day of the immediately preceding Lease Yeara calendar month.

Appears in 1 contract

Samples: First Amended Lease Agreement

Lease Year. The term "Lease Year" as used in this Lease shall mean a period of twelve (12) consecutive calendar months during the term of this Lease. The first Lease Year shall begin on the Commencement Date if the Commencement Date occurs on the first day of a calendar month; if not, the first Lease Year shall begin on the first day of the calendar month next following the Commencement Date. Each succeeding Lease Year shall begin at the expiration of the immediately preceding Lease Yearyear.

Appears in 1 contract

Samples: Lease Agreement (Whole Living Inc)

Lease Year. The term "Lease Year" as used in this Lease shall mean a the period of twelve (12) consecutive full calendar months during the term of this Lease. The first Lease Year shall begin on the Commencement Date if the Commencement Date occurs on the first day of a calendar month; if notmonths, with the first Lease Year shall begin year beginning on the first day date of the calendar month next following the Commencement DateDate of this Lease as set forth in Article 3 hereof. Each succeeding Lease Year year shall begin at commence upon the expiration anniversary date of the immediately preceding Commencement Date of the first Lease Year.

Appears in 1 contract

Samples: Agreement of Lease (Cabletron Systems Inc)

Lease Year. The term "Lease Year" as used in this Lease herein shall mean a period of twelve (12) consecutive full calendar months during (except for the term of this Leasefirst Lease Year, which may be longer). The first Lease Year shall begin commence on the Term Commencement Date if the Commencement Date occurs on the first day of a calendar month; if not, the Date. The first Lease Year shall begin expire at midnight on the second January 31 following the Term Commencement Date. Succeeding Lease Years shall each commence on the first (1st) day following the end of the calendar month next following the Commencement Date. Each succeeding Lease Year shall begin at the expiration of the immediately preceding Lease Year.. After the Term Commencement Date and within ten (10) days after request from the other party,

Appears in 1 contract

Samples: Lease (Corporate Property Associates 14 Inc)

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