Predevelopment Period Base Rent Sample Clauses

Predevelopment Period Base Rent. During the Predevelopment Period, Base Rent shall be payable annually with respect to the entire Premises in arrears on December 31, 2009 and each December 31 thereafter (provided, however, the last payment of Base Rent shall be due on the last day of the Predevelopment Period), and, subject to the credits described in Sections 7.3(a), 7.3(f) and 7.13, without abatement, offset, deduction, or prior notice, in the amount of One Million Seven Hundred Seventy-Seven Thousand Ninety-Three and 19/100ths Dollars ($1,777,093.19) per annum (“Predevelopment Period Base Rent”), to be prorated on a daily basis for period less than one (1) year. The foregoing notwithstanding, Tenant may, by written notice to Landlord given on or before December 1, 2009, elect to defer one-half (1/2) of the amount of Predevelopment Period Base Rent due on December 31, 2009 to December 31, 2010 (or the last day of the Predevelopment Period, if earlier), at which time it will be payable in addition to the installment due on that date. On or before each September 15 during the Predevelopment Period (or, if the last installment of Predevelopment Period Base Rent will be made on any date other than December 31 of the last year of the Predevelopment Period, the date which is at least sixty (60) days before the last day of the Predevelopment Period), Tenant shall deliver to Landlord notice of Tenant’s reasonable estimate of the amount of Eligible Predevelopment Costs that Tenant has then incurred and expects to incur during that calendar year, which amount (but not to exceed the Predevelopment In-Kind Cap) shall be set forth on the Support Agreement for the immediately following Fiscal Year (or with respect to the last year of the Predevelopment Period, on a revised Support Agreement for the current Fiscal Year if applicable). Tenant’s payment of Predevelopment Period Base Rent shall be based on the estimate of Eligible Predevelopment Costs set forth on such Support Agreement. As soon as reasonably feasible during the calendar quarter immediately following each payment of Predevelopment Period Base Rent by Tenant, Tenant shall deliver to Landlord invoices and other reasonably satisfactory evidence of the amount of Eligible Predevelopment Costs actually incurred during the prior calendar year (or applicable portion of the last calendar year of the Predevelopment Period), and the provisions of Section 7.9 shall apply. If the actual amount of Eligible Predevelopment Costs incurred is less than th...
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Related to Predevelopment Period Base Rent

  • Development Period The Contractor may commence pre-construction activities like utility shifting, boundary wall construction or any other activity assigned to the Contractor by the Authority to enable construction of the Project Highway immediately after signing of the Agreement, to the extent that such work is ready for execution. The Parties agree that these works may be taken up and completed to the extent feasible by the Contractor, before declaration of the Appointed Date, but no claim against the Authority for delay shall survive during this period and that the undertaking of these works by the Contractor shall not count towards the Scheduled Construction Period of the project which starts counting only from the Appointed Date. No construction activity of the Project Highway shall be undertaken during the development period.

  • Contract Year A twelve (12) month period during the term of the Agreement commencing on the Effective Date and each anniversary thereof.

  • Annual Work Plan and Budget 1. The Recipient shall, not later than November 30th of each year, prepare and furnish to the Association an annual work plan and budget (“Annual Work Plan and Budget”) for the Project for the subsequent year, said Annual Work Plan and Budget of such scope and detail as the Association shall have reasonably requested.

  • Annual Work Plans and Budgets The Recipient shall furnish to the Association as soon as available, but in any case not later than September 1 of each year, the annual work plan and budget for the Project for each subsequent year of Project implementation, of such scope and detail as the Association shall have reasonably requested, except for the annual work plan and budget for the Project for the first year of Project implementation, which shall be furnished no later than one (1) month after the Effective Date.

  • Work Year The full-time work year for all employees employed in EA and ECE job classes shall be a minimum of 194 work days to correspond with the school year calendar.

  • Lease Period The lease period of the Finance Lease Agreement I is 36 months, which commenced on October 28, 2022. The lease period of the Finance Lease Agreement II is 36 months, which shall commence on July 31, 2023.

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  • Development Phase contractual phase initiated with the approval of ANP for the Development Plan and which is extended during the Production Phase while investments in xxxxx, equipment, and facilities for the Production of Oil and Gas according to the Best Practices of the Oil Industry are required.

  • Extended Work Year A teacher requested by the Board to work in his/her regular assignment beyond the contracted number of days shall be offered an extended contract and compensated at the scheduled per diem rate, as specified in Article XXV. Compensation for weeks worked after July 1 shall be at the new rate.

  • Professional Development Allowance 55.1 The CEO may, subject to this clause, approve the reimbursement or payment of financial assistance to a Science and Engineering Professional employee to offset professional development costs.

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