PRELIMINARY TERM. The period between the date Tenant enters upon the Leased Premises and the Rental Term Commencement Date shall be designated as the “Preliminary Term” during which no Base Monthly Rent shall accrue; however, other covenants and obligations of Tenant shall be in full force and effect. Delivery of Possession of the Leased Premises to Tenant as provided in Section 5.02 shall be considered “entry” by Tenant and commencement of the Preliminary Term.
PRELIMINARY TERM. The period commencing on the Delivery Date and ending at the end of the day on the day immediately preceding the Owner Participant Payment Date.
PRELIMINARY TERM. The term “Preliminary Term”, if any, means the period beginning as of the date of this Lease and, unless sooner terminated as herein provided, continuing thereafter through the day immediately prior to the Rent Commencement Date.
PRELIMINARY TERM. START DATE PREMIUM -------------- ------------- ----------------------------------------------------------------------------------- -------------- ------------- ------------------------------------------------------------------------------------------------------------------------------------ VI. REINSURANCE PREMIUM SCHEDULE - FOR YRT OR COINSURANCE ------------------------------------------------------------------------------------------------------------------------------------ POL REINSURANCE % NET NET % NET % NET % NET POLICY NET YR BENIFIT ALLOW LIFE SUBSTANDARD ALLOW DWP ALLOW ADB ALLOW FLAT EXTRA FEE TOTAL ------------------------------------------------------------------------------------------------------------------------------------ EXHIBIT G [LOGO] CRE SCALE 115 AGE NEAREST BIRTHDAY
PRELIMINARY TERM. 3.2 Premises...............................................................1.1(j) Project................................................................1.1(a) TABLE OF DEFINED TERMS (continued)
PRELIMINARY TERM. The parties agree that there shall be an initial period (the "Preliminary Term") as further defined in Section 2.2 herein during which the parties may conduct due diligence and confirm that all conditions precedent to Lessee’s development and operation of the Premises, including availability of all required governmental and private approvals, can be satisfied or will be satisfied in the sole judgment of Lessee. Part 2 of this Agreement sets forth the terms and conditions applicable to the Preliminary Term and, together with applicable provisions of Part 4, shall govern the rights and obligations of the parties during the Preliminary Term.
PRELIMINARY TERM. 20 Section 3.3. "Main Term," "Lease Year" Defined . . . . . . . . . . . . . . . . . . . . . . . . 20 Section 3.4
PRELIMINARY TERM. 3.2 Premises . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.1(d) Project . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.1(a)
PRELIMINARY TERM. 7 Section 3.3. "Main Term," "Lease Year" Defined................. 7 Section 3.4. Termination....................................... 7 Section 3.5. Holding Over...................................... 7 ARTICLE 4 RENT................................................. 8
PRELIMINARY TERM. Commencing on the Effective Date, there shall be a preliminary term (the “Preliminary Term”), and the Preliminary Term shall remain in force and effect until the earlier of: (i) 11:59 p.m. on the last day of the ninth (9th) month following the Effective Date; or (ii) the date Gaming Operations begin on the Leased Premises. During the Preliminary Term, the rent paid by the Lessee to the Lessors shall be equal to Twenty Thousand Dollars ($20,000) per month (the “Preliminary Rent”), paid to the Lessors according to the Lessors’ Percentages. Notwithstanding anything contained in this paragraph 4(b) to the contrary, the Preliminary Rent shall accrue and the Lessee shall be under no obligation to make any such payment of Preliminary Rent until the earlier of: (i) the date the Lessee commences any construction on the Leased Premises; or (ii) February 1, 2011. Upon the earlier date reference in the aforementioned sentence, all accrued and unpaid Preliminary Rent shall be due and payable, with the remaining Preliminary Rent payable in monthly installments on the first (1st) day of each month hereafter throughout the remainder of the Preliminary Term as provided in this paragraph; provided, however, that if Lessee does not receive an approval to proceed with the development of a casino on the Leased Premises from the Mississippi Gaming Commission on or prior to March 1, 2011, then this Lease shall be immediately terminable with no obligations due from either party to each other with the exception of the amounts required to be paid pursuant to paragraph 37, which shall be prorated through the date of any termination.
