Common use of Partial Month’s Rent Clause in Contracts

Partial Month’s Rent. If the Commencement Date is a day other than the first day of a calendar month, the installment of Base Rent payable on the Commencement Date shall be that proportion of Base Rent which the number of days from the Commencement Date to the last day of the month in which the Commencement Date falls bears to 365. If the Term ends on a day other than the last day of a calendar month, the installment of Base Rent payable on the first day of the last calendar month of the Term shall be that proportion of Base Rent which the number of days from the first day of such last calendar month to the last day of the Term bears to 365.

Appears in 5 contracts

Samples: Lease of Industrial Space (Above Food Ingredients Inc.), Lease Agreement (Dirtt Environmental Solutions LTD), Lease of Office Space (Zymeworks Inc.)

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Partial Month’s Rent. If the Commencement Date is a day other than the first day of a calendar month, the installment instalment of Base Basic Rent payable on the Commencement Date shall be that proportion of Base Basic Rent which the number of days from the Commencement Date to the last day of the month in which the Commencement Date falls bears to 365. If the Term ends on a day other than the last day of a calendar month, the installment instalment of Base Basic Rent payable on the first day of the last calendar month of the Term shall be that proportion of Base Basic Rent which the number of days from the first day of such last calendar month to the last day of the Term bears to 365.

Appears in 2 contracts

Samples: Office Lease (Adven Inc.), Office Lease (Adven Inc.)

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