Common use of Lease Year Clause in Contracts

Lease Year. The term “Lease Year” shall mean each period of twelve (12) or less consecutive months which ends on December 31 of each calendar year during the Lease term or any Extended Term, and the period from the last December 31 during the Lease term or any Extended Term to and including the last day of the Lease term or any Extended Term during the next calendar year. The first and last Lease Years may be less than twelve (12) months.

Appears in 2 contracts

Samples: Lease Agreement (Zumiez Inc), Lease Agreement (Zumiez Inc)

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Lease Year. The term “Lease Year” shall mean each a period of twelve (12) or less consecutive full calendar months which ends on December 31 of each calendar year during the Term commencing on the Lease term Effective Date or any Extended Termanniversary thereof; provided, and the period from the last December 31 during however, that if the Lease term or any Extended Term to and including Effective Date is a day other than the last first day of a calendar month, the first Lease Year shall include the resulting fractional month and shall extend through the end of the twelfth (12th) full calendar month following the Lease term or any Extended Term during the next calendar year. The first and last Lease Years may be less than twelve (12) monthsEffective Date.

Appears in 2 contracts

Samples: Sublease Agreement, Sublease Agreement (Equinix Inc)

Lease Year. The term “Lease Year” as used in this Lease shall mean be defined as each period of twelve (12) or less consecutive months which ends on December 31 of each calendar year during month period beginning with the Lease term Commencement Date or any Extended Term, anniversary thereof and ending on the period from the last December 31 during the Lease term or any Extended Term to and including the last immediately preceding day of the Lease term or any Extended Term during the next calendar year. The first and last Lease Years may be less than twelve (12) monthsone year later.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Applied Films Corp), Single Tenant Lease (Applied Films Corp)

Lease Year. The term “Lease Year” shall mean each A "lease year" is a period of twelve (12) or less consecutive calendar months commencing on the first day of the first calendar month of the term of this Lease, except the first lease year shall also include any partial month during which ends the Commencement Date occurs if the Commencement Date does not occur on December 31 the first day of each calendar year during the Lease term or any Extended Terma month, and the period from last lease year shall end on the last December 31 during the Lease term expiration or any Extended Term to and including the last day sooner termination of the Lease term or any Extended Term during the next calendar year. The first and last Lease Years may be less than twelve (12) monthsthis Lease.

Appears in 1 contract

Samples: Lease (Sports Arenas Inc)

Lease Year. The term “Lease Year” shall mean each period of the first twelve (12) or less consecutive full calendar months which ends on December 31 of following the Commencement Date (as defined herein) and each calendar year during the Lease term or any Extended Term, and the period from the last December 31 during the Lease term or any Extended Term to and including the last day of the Lease term or any Extended Term during the next calendar year. The first and last Lease Years may be less than subsequent twelve (12) monthsmonth period thereafter during the Term and any extensions. If the Commencement Date (as hereinafter defined) shall not be the first day of a calendar month, the first Lease Year shall include the partial month during which the Commencement Date shall have occurred.

Appears in 1 contract

Samples: Commercial Ground Lease (Palace Entertainment Holdings, Inc.)

Lease Year. The As used in this Sublease, the term “Lease Year” shall mean means (i) the period of twelve (12) full calendar months beginning September 1, 2006, (ii) each period of twelve (12) or less consecutive full calendar months which ends on December 31 of each calendar year during the Lease term or any Extended Termthereafter, and (iii) any remaining period at the period from the last December 31 during the Lease term or any Extended Term to and including the last day end of the Lease term or any Extended Term during the next calendar year. The first and last Lease Years may be of less than twelve (12) full calendar months.

Appears in 1 contract

Samples: Sub Lease Agreement (Molecular Imaging Corp)

Lease Year. The As used herein, the term “Lease Year” "lease year" shall mean a 12 month period commencing on the date the term of this lease commences and each 12 month period of twelve (12) or less consecutive months which ends commencing on December 31 of each calendar year during the Lease term or any Extended Term, and the period from the last December 31 during the Lease term or any Extended Term to and including the last day of the Lease term or any Extended Term during the next calendar year. The first and last Lease Years may be less than twelve (12) monthsanniversary thereof.

Appears in 1 contract

Samples: Residential Lease

Lease Year. The term Lease Year” Year shall mean each period of twelve (12) or less consecutive full calendar months which ends on December 31 commencing in January of each calendar year during year, except that the Lease term or any Extended TermYear for the Initial Term shall mean ten (10) consecutive full calendar months commencing March 1, and the period from the last December 31 during the Lease term or any Extended Term to and including the last day of the Lease term or any Extended Term during the next calendar year. The first and last Lease Years may be less than twelve (12) months2019.

Appears in 1 contract

Samples: Lease Agreement

Lease Year. The term “Lease Year” shall mean each period of twelve (12) or less consecutive months which ends month period commencing on December 31 the first day of each calendar year during the first full month following the Full Delivery Date. The first Lease term or any Extended Term, Year shall also include the number of days between the Full Delivery Date and the period from the last December 31 during the Lease term or any Extended Term to and including the last day of the Lease term or any Extended Term during month in which the next calendar year. The first and last Lease Years may be less than twelve (12) monthsFull Delivery Date occurs.

Appears in 1 contract

Samples: Lease Agreement (Novavax Inc)

Lease Year. The term lease year (“Lease Year”) shall mean each period consist of the first twelve (12) or less consecutive full calendar months which ends on December 31 of each calendar year during following the Lease term or any Extended Term, Term Commencement Date and the period from the last December 31 during every anniversary thereof. If the Lease term or any Extended Term to and including Commencement Date does not occur on the last first day of a calendar month, the first Lease term or any Extended Term during Year shall consist of the next calendar year. The partial first and last Lease Years may be less than month plus the following twelve (12) calendar months. Each succeeding Lease Year shall be twelve (12) consecutive months following the expiration of the first Lease Year.

Appears in 1 contract

Samples: Lease Agreement (Computer Programs & Systems Inc)

Lease Year. The term “Lease Year” as used herein shall mean each a period of twelve (12) or less full consecutive months which ends calendar months, beginning on December 31 of each calendar year during the Lease term or any Extended Term, and the period from the last December 31 during the Lease term or any Extended Term to and including the last first day of the Lease term calendar month coinciding with or any Extended Term during immediately following the next calendar year. The first and last Lease Years may be less than twelve (12) monthsCommencement Date.

Appears in 1 contract

Samples: Lease Agreement (Finwise Bancorp)

Lease Year. The term “A Lease Year” shall mean each Year is defined as a period of twelve (12) or less consecutive full calendar months which ends on December 31 commencing as of each calendar year during the Lease term or any Extended Term, and the period from the last December 31 during the Lease term or any Extended Term to and including the last first day of the Lease term or any Extended Term during first full calendar month following the next calendar year. The first date that Landlord delivers possession of the Premises to Tenant, and last Lease Years may be less than each subsequent sequential twelve (12) monthsfull calendar month period measured from the anniversary date of the commencement of the first (1st) Lease Year.

Appears in 1 contract

Samples: Triple Net Lease (Bank of Commerce Holdings)

Lease Year. The term As used in this Lease, “Lease Year” shall mean each period such periods of twelve (12) or less consecutive months which ends commencing on December 31 of each calendar year during the Lease term or any Extended Term, January 1st and the period from the last December 31 during the Lease term or any Extended Term to and including the last day ending on midnight of the immediately succeeding December 31st, except that any partial year at the beginning or the end of the Term shall be a “Lease term or any Extended Term during the next calendar year. The first and last Lease Years may be Year” of less than twelve (12) months.

Appears in 1 contract

Samples: Commercial Lease Agreement (Energy Exploration Technologies, Inc.)

Lease Year. The term “Lease Year” shall mean each period of twelve (12) or less consecutive calendar months which ends beginning on December 31 of each calendar year during the Lease term or any Extended Term, and Commercial Operations Date if such date occurs on the period from the last December 31 during the Lease term or any Extended Term to and including the last first day of the Lease term or any Extended Term during month; if not, then on the first day of the month next calendar yearsucceeding the month in which the Commercial Operations Date occurs. The first and last Subsequent Lease Years may be less than twelve (12) monthsshall run consecutively, each such Lease Year beginning on the first day of the month next succeeding the last month of the previous Lease Year.

Appears in 1 contract

Samples: Waste to Energy Agreement

Lease Year. The term “Lease Year" shall mean each period of twelve (12) or less consecutive months which ends on December 31 of each calendar year during month period, beginning with the Lease term or any Extended Term, and the period from the last December 31 during the Lease term or any Extended Term to and including the last first day of the term of the Lease, and each yearly anniversary thereof, provided that the beginning date of the term of this Lease term or any Extended Term during is on the next calendar year. The first and last Lease Years may be less than twelve (12) monthsof the month.

Appears in 1 contract

Samples: Lease Agreement (Comfort Systems Usa Inc)

Lease Year. The As used herein, the term Lease Year” Year shall mean each successive period of twelve (12) or less consecutive months calendar months, commencing on the first day of the month following the month in which ends on December 31 of each calendar year during the Commencement Date falls. The first Lease term or any Extended Term, and Year shall include the period from the last December 31 during Commencement Date through the Lease term or any Extended Term to and including the last first day of the Lease term or any Extended Term during the next calendar year. The first and last Lease Years may be less than twelve (12) monthsfollowing month.

Appears in 1 contract

Samples: Lease Agreement (Velocity Asset Management Inc)

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Lease Year. The term “Lease Year” shall mean each ”, as hereinafter referred to, means a period of twelve (12) or less consecutive months which ends calendar months, commencing on December 31 of each calendar year during the Lease term or any Extended Term, and the period from the last December 31 during the Lease term or any Extended Term to and including the last first day of the month following the Commencement Date. Each succeeding Lease term or any Extended Term during Year shall commence upon the next calendar yearanniversary date of the first Lease Year. The first and last phrase “Lease Years may be less than twelve (12) monthsTerm” or “Term of this or the Lease” as used herein shall include all full Lease Years.

Appears in 1 contract

Samples: Lease Agreement (Midwest Banc Holdings Inc)

Lease Year. The term “Lease Year” as used in this Lease shall mean each a period of twelve (12) or less consecutive calendar months which ends on December 31 of each calendar year during the Term; provided that the first Lease term or any Extended Term, Year shall begin on the Effective Date and the period from the last December 31 during the Lease term or any Extended Term to and including shall expire on the last day of the Lease term twelfth (12th) full calendar month following (a) the Effective Date if the Effective Date is on the first (1st) day of the month or any Extended Term during (b) the next first day of the first full calendar year. The month following the Effective Date if the Effective Date does not occur on the first and last Lease Years may be less than twelve (12) monthsday of a calendar month.

Appears in 1 contract

Samples: Ground Lease Agreement (Chosen, Inc.)

Lease Year. The term Lease Year” Year shall mean each period of twelve (12) or less consecutive full calendar months which ends on December 31 commencing in January of each calendar year during year, except that the Lease term or any Extended TermYear for the Initial Term shall mean nine ten (109) consecutive full calendar months commencing April 1, and the period from the last December 31 during the Lease term or any Extended Term to and including the last day of the Lease term or any Extended Term during the next calendar year. The first and last Lease Years may be less than twelve (12) months2016March 1, 2019.

Appears in 1 contract

Samples: Lease Agreement

Lease Year. The For purposes of this Lease, the term "Lease Year" shall mean each period of consecutive twelve (12) or less consecutive months which ends on December 31 of each calendar year month period during the Lease term or any Extended Term, . The first Lease Year shall commence on the Commencement Date and the period shall end twelve (12) months from the last December 31 during the Lease term or any Extended Term to and including the last day of the month in which the Rent Commencement Date falls (the parties recognize that the first Lease term or any Extended Term during the next calendar yearYear shall be longer than twelve months). The first and last Lease Years may be less than Each succeeding twelve (12) monthscalendar month period thereafter shall be a Lease Year.

Appears in 1 contract

Samples: Industrial/Commercial Lease (United Stationers Inc)

Lease Year. The For purposes of this Lease, the term "Lease Year" shall mean each a period of twelve (12) or less consecutive months which ends full calendar months. The first Lease Year shall begin on December 31 of each calendar year during the Lease term or any Extended Term, Commencement Date and the period from the last December 31 during the Lease term or any Extended Term to and including shall end on the last day of the twelfth (12th) full calendar month following the Rent Commencement Date. Each subsequent Lease term or any Extended Term during the next calendar year. The first and last Lease Years may be less than Year shall consist of twelve (12) monthsfull calendar months following the immediately preceding Lease Year, except that the final Lease Year of the Term shall end on the Expiration Date.

Appears in 1 contract

Samples: Lease Agreement (Simclar Inc)

Lease Year. The term “Lease Year” shall mean each period of twelve (12) or less consecutive months which ends on December 31 of each calendar year during the " as used in this Lease term or any Extended Term, and means the period from the last December 31 ------------- Commencement Date to the end of the twelfth full calendar month thereafter and each and every twelve-month period thereafter during the Lease term or any Extended Term to and including the last day of the Lease term or any Extended Term during the next calendar year. The first and last Lease Years may be less than twelve (12) monthsthis Lease.

Appears in 1 contract

Samples: Lease Agreement (CNB Bancorp Inc/Va)

Lease Year. The As used herein the term “Lease Year” shall mean each means a period of twelve (12) calendar months commencing on the Commencement Date and ending on the day immediately preceding the first (1st) anniversary of the Commencement Date (if the Commencement Date occurs on the first (1st) day of a month) or less consecutive months which ends on December 31 of each calendar year during the Lease term or any Extended Term, and the period from the last December 31 during the Lease term or any Extended Term to and including the last day of the Lease term or any Extended Term month during which the next calendar year. The first (1st) anniversary of the Commencement Date occurs (if the Commencement Date occurs on a day other than the first (1st) day of a month), and last Lease Years may be less than each successive twelve (12) monthsmonth period thereafter during the Term until the Expiration Date.

Appears in 1 contract

Samples: Master Lease (Griffin-American Healthcare REIT IV, Inc.)

Lease Year. The term Lease Year” Year shall mean each period of twelve (12) or less consecutive full calendar months which ends on December 31 commencing in January of each calendar year during year, except that the Lease term or any Extended TermYear for the Initial Term shall mean nine (9) consecutive full calendar months commencing April 1, and the period from the last December 31 during the Lease term or any Extended Term to and including the last day of the Lease term or any Extended Term during the next calendar year. The first and last Lease Years may be less than twelve (12) months2016.

Appears in 1 contract

Samples: Lease Agreement

Lease Year. The term "Lease Year" shall mean each any period of twelve (12) calendar months commencing on the Rent Commencement Date or less consecutive months which ends an anniversary thereof and ending on December 31 of each calendar year during the Lease term or any Extended Term, and the period from the last December 31 during the Lease term or any Extended Term to and including the last day of the Lease term or any Extended Term during the next calendar year. The first and last Lease Years may be less than twelve twelfth (1212th) monthsmonth thereafter.

Appears in 1 contract

Samples: Real Property Lease (Florafax International Inc)

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