Common use of Lease Year Clause in Contracts

Lease Year. The first “Lease Year” shall be a period of twelve (12) calendar months from the Commencement Date, except that if the Commencement Date shall be other than the first day of a calendar month, the first Lease Year shall include the period from the Commencement Date to the end of the calendar month in which the Commencement Date occurs, plus the following twelve (12) calendar months. Each Lease Year after the first Lease Year shall be a successive period of twelve (12) consecutive calendar months.

Appears in 5 contracts

Samples: Lease (ViewRay, Inc.), Lease (ViewRay, Inc.), Lease (ViewRay, Inc.)

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Lease Year. The first “Lease Year” shall be a period of twelve (12) calendar months from the Commencement Date, except that if begin on the Commencement Date shall be other than and end twelve months after the first last day of a calendar month, the first Lease Year shall include the period from the Commencement Date to the end of the calendar month in which the Commencement Date occurs, plus the following twelve (12) calendar months. Each The second and successive “Lease Year after the first Lease Year Years” shall be a successive period of twelve (12) the consecutive calendar monthstwelve-month periods that follow during the Term.

Appears in 4 contracts

Samples: Air Rights Lease Agreement, Air Rights Lease Agreement, Air Rights Lease Agreement

Lease Year. The first “Lease Year” shall be a the period from the Commencement Date to the last day of the twelfth (12th) full calendar month following the calendar month in which the Commencement Date occurs. Thereafter, each consecutive twelve (12) calendar months from month period shall constitute one (1) Lease Year. Notwithstanding anything contained herein to the Commencement Datecontrary, except that if the Commencement Date shall be other than occurs on the first (1st) day of a calendar month, the first Lease Year shall include the period from the Commencement Date to the end of the calendar month in which the Commencement Date occurs, plus the following be twelve (12) calendar months. Each Lease Year after the first Lease Year shall be a successive period of twelve (12) consecutive full calendar months.

Appears in 3 contracts

Samples: Lease Agreement (Deerfield Capital Corp.), Lease Agreement (Atheros Communications Inc), Lease Agreement (Hyperion Solutions Corp)

Lease Year. The As used in the Initial Lease, the first "Lease Year" shall be a period of initially mean the twelve (12) calendar months from the Commencement Date, except that if month period commencing on the Commencement Date shall be other than and ending on the first last day of a calendar month, the first Lease Year shall include the period from the Commencement Date to the end of the calendar month in which the Commencement Date first anniversary thereof occurs, plus . The term "Lease Year" shall thereafter mean the following successive twelve (12) month periods commencing on the first day of the calendar months. Each month following the ending date of the previous Lease Year after and ending on the first Lease Year shall be a successive period last day of twelve (12) consecutive the 12th calendar monthsmonth thereafter.

Appears in 2 contracts

Samples: Pipeline Lease Agreement (Holly Energy Partners Lp), Pipeline Lease Agreement (Alon USA Energy, Inc.)

Lease Year. The first Lease Year” Year shall be a the twelve (12) month period of time from the first day of the first month that begins after the Commencement Date. Each Lease Year thereafter shall be successive periods of twelve (12) calendar months from the Commencement Date, except that if the Commencement Date shall be other than the first day of a calendar month, the first Lease Year shall include the period from the Commencement Date to the end of the calendar month in which the Commencement Date occurs, plus the following twelve (12) calendar months. Each Lease Year after the first Lease Year shall be a successive period of twelve (12) consecutive calendar months.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Alliance Distributors Holding Inc.), Lease Agreement (Alliance Distributors Holding Inc.)

Lease Year. The first “Lease Year” shall be a period of twelve (12) calendar months from the Commencement Date, except that if the Commencement Date shall be other than the first day of a calendar month, the first Lease Year shall include the period from the Commencement Date to the end of the calendar month in which the Commencement Date occurs, plus the following twelve (12) calendar months. Each Lease Year after the first Lease Year shall be a successive the period of time commencing on the Lease Commencement Date and ending on November 30, 2018, and each of the following Lease Years shall be each consecutive twelve (12) consecutive calendar monthsmonth period thereafter. The earliest such period shall be referred to as the "first Lease Year," and each of the following Lease Years shall similarly be numbered for identification purposes.

Appears in 1 contract

Samples: Deed of Lease (Novavax Inc)

Lease Year. The first “First (1st) Lease Year” Year shall be a the period of commencing on the Commencement Date and ending twelve (12) calendar months from the Commencement Datethereafter on September 30, except that if the Commencement Date shall be other than the first day of a calendar month, the first Lease Year shall include the period from the Commencement Date to the end of the calendar month in which the Commencement Date occurs, plus the following 2007. Each subsequent twelve (12) calendar months. Each Lease Year after the first Lease Year month period shall be a successive period of twelve (12) consecutive calendar monthsLease Year and the Termination Date shall remain unchanged.

Appears in 1 contract

Samples: Lease Agreement (Vyteris Holdings (Nevada), Inc.)

Lease Year. The first “Lease Year” shall be a period of twelve (12) calendar months from the Commencement Date, except that if the Commencement Date shall be other than the first day of a calendar month, the first Lease Year shall include the period from the Commencement Date to the end of the calendar month in which the Commencement Date occurs, plus the following twelve (12) calendar months. Each Lease Year after the first Lease Year shall be mean a successive period of twelve (12) consecutive calendar months. The first Lease Year shall begin on the Commencement Date if the Commencement Date shall occur on the first day of the month; if not, then the first Lease Year shall commence on the first day of the month following the Commencement Date. Each succeeding Lease Year shall commence on the anniversary of the commencement of the first Lease Year. If the Commencement Date is other than the first day of a month, then the period between the Commencement Date and the first day of the month following the Commencement Date shall be added and be a part of the first Lease Year.

Appears in 1 contract

Samples: Lease (NightHawk Radiology Holdings Inc)

Lease Year. The As used in the Initial Lease, the first "Lease Year" shall be a period of initially mean the twelve (12) calendar months from the Commencement Date, except that if month period commencing on the Commencement Date shall be other than and ending on the first last day of a calendar month, the first Lease Year shall include the period from the Commencement Date to the end of the calendar month in which the Commencement Date first anniversary thereof occurs, plus . The term "Lease Year" shall thereafter mean the following successive twelve (12) month periods commencing on the first day of the calendar months. Each month following the ending date of the previous Lease Year after and ending on the first Lease Year shall be a successive period last day of twelve (12) consecutive the 12th calendar monthsmonth thereafter. B. SECOND LEASE 1.

Appears in 1 contract

Samples: Pipeline Lease Agreement

Lease Year. The As used throughout this Lease, the first “Lease Year” shall be a commence on the Effective Date and end on the Expansion Premises Commencement Date, notwithstanding that such period of time may be more or less than twelve (12) consecutive full calendar months from the Commencement Datemonths. Thereafter, except that if the Commencement Date shall be other than the first day of a calendar month, the first Lease Year shall include the period from the Commencement Date to the end of the calendar month in which the Commencement Date occurs, plus the following twelve (12) calendar months. Each Lease Year after the first Lease Year shall be a successive period consist of twelve (12) consecutive full calendar monthsmonths commencing on the day following the close of the prior Lease Year.

Appears in 1 contract

Samples: Lease (Quanex Building Products CORP)

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Lease Year. The first “Lease Year” shall be consist of a period of twelve (12) calendar months from month period of time commencing on the Commencement Date, except that if commencement date and ending on the Commencement Date shall be other than the first last day of a calendar month, the first Lease Year shall include twelfth (12th) month following the period from the Commencement Date to the end of the calendar month in which the Commencement Date commencement date occurs, plus the following twelve (12) calendar months. Each Lease Year after the first Lease Year shall be a successive period of twelve (12) consecutive calendar months.

Appears in 1 contract

Samples: Lease Agreement (Eternal Energy Corp.)

Lease Year. The first "Lease Year" shall be a period of twelve (12) calendar months from the Commencement Date, except that if the Commencement Date shall be other than the first day of a calendar month, the first Lease Year shall include the period from the Commencement Date to the end of the calendar month in which the Commencement Date occurs, occurs (the "First Partial Month") plus the following twelve (12) calendar months. Each Lease Year after the first Lease Year shall be a successive period of twelve (12) consecutive calendar months.

Appears in 1 contract

Samples: Lease (Asset Acceptance Capital Corp)

Lease Year. The first First Lease Year” shall be a the period of twelve (12) calendar months from the Commencement Date, except that if commencing on the Commencement Date shall be other than and continuing to the first day of a calendar month, the first Lease Year shall include the period from the Commencement Date to the end anniversary of the calendar month in which the Rent Commencement Date occurs, plus the following twelve (12) calendar monthsDate. Each Lease Year Year” after the first First Lease Year shall be a successive period of consecutive twelve (12) consecutive calendar monthsmonth period commencing on the first day immediately following the preceding Lease Year.

Appears in 1 contract

Samples: Industrial Lease (Kid Brands, Inc)

Lease Year. The first “Lease Year” shall be a period of twelve (12) calendar months from the Commencement Date, except that if the Commencement Date shall be other than the first day of a calendar month, the first Lease Year shall include the period from the Commencement Date to the end of the calendar month in which the Commencement Date occurs, plus the following twelve (12) calendar months. Each Lease Year after the first Lease Year shall be a successive period of twelve (12) consecutive calendar monthsmonth period beginning on the Rent Commencement Date for the 11th and 12th floors. Each subsequent Lease Year shall be a twelve (12) calendar month period, beginning on the day after the end of the first Lease Year, and on successive anniversaries thereof.

Appears in 1 contract

Samples: Lease Agreement (Wells Real Estate Investment Trust Inc)

Lease Year. The For the purposes of this Lease, the first “Lease Year” shall be a the period of commencing on the Commencement Date and ending on the date which is twelve (12) calendar months from after the Commencement Date, except that if the Commencement Date shall be other than the first last day of a calendar month, the first Lease Year shall include the period from the Commencement Date to the end of the calendar month in which the Commencement Date occurs, plus and each subsequent “Lease Year” shall be the following twelve (12) calendar months. Each month period next following the expiration of the prior Lease Year after the first Lease Year shall be a successive period of twelve (12) consecutive calendar monthsYear.

Appears in 1 contract

Samples: Lease Agreement (Ikaria, Inc.)

Lease Year. The first "Lease Year" shall be a period of twelve (12) calendar months from the Commencement Date, except that if the Commencement Date shall be other than the first day of a calendar month, the first Lease Year shall include the period from the Commencement Date to the end of the calendar month in which the Commencement Date occurs, occurs plus the following immediately succeeding twelve (12) calendar months. Each Lease Year after the first Lease Year shall be a successive period of twelve (12) consecutive calendar months.

Appears in 1 contract

Samples: Facility Lease (Mazel Stores Inc)

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