Term; Lease Year Sample Clauses

Term; Lease Year. The Term shall commence on the Commencement Date and, unless sooner terminated or extended as provided in this Lease, shall terminate on the Expiration Date. The term “Lease Year” as used in this Lease shall mean the period of twelve (12) full calendar months commencing on the Commencement Date and each twelve (12) month period thereafter.
Sample 1Sample 2
AutoNDA by SimpleDocs
Term; Lease Year. Tenant shall have and hold the Premises for a term of five (5) years commencing on ______________________ (the "Commencement Date") and extending until and including _____________________ (the "Expiration Date"). Each 12-month period commencing on January 1 and concluding on December 31 is called a "Lease Year." The initial calendar year of the term, 1999, shall be a "partial" Lease Year, as will the final calendar year of the Lease.
Sample 1Sample 2
Term; Lease Year. The term of this Lease (the "Term") shall be for a period of ten (10) years, expiring at midnight on December 31, 2010.
Sample 1Sample 2
Term; Lease Year. Tenant shall have and hold the Premises for a term (as the same may be extended or terminated prior to the expiration thereof, the “Term”) of approximately five (5) years commencing on the 25th day of September, 2009 (the “Commencement Date”) and extending until and including the last day of the month in which the fifth anniversary of the Commencement Date occurs (the “Expiration Date”). Each twelve (12) month period commencing on January 1 and concluding on December 31 is called a “Lease Year.” The initial calendar year of the term, 2009, shall be a partial Lease Year, as will the final calendar year of the Lease. Tenant shall have the right to extend the initial Term pursuant to Section 2.2 below.
Sample 1
Term; Lease Year. The Term of this Lease shall commence on the Commencement Date and shall expire on the Expiration Date, unless sooner terminated as expressly set forth herein. The first lease year of the Term shall commence on the Commencement Date and shall end on (i) the day immediately preceding the first anniversary of the Commencement Date, if the Commencement Date is the first day of the month, or (ii) the last day of the month in which the first anniversary of the Commencement Date occurs, if the Commencement Date is any day other than the first day of a calendar month. Each lease year after the first lease year shall be a consecutive twelve (12) month period commencing on the first day of the calendar month immediately following the preceding lease year.
Sample 1
Term; Lease Year 
Sample 1

Related to Term; Lease Year

  • Lease Year Lease Year" means each consecutive twelve-month period beginning with the Commencement Date, except that if the Commencement Date is not the first day of a calendar month, then the first Lease Year shall be the period from the Commencement Date through the final day of the twelve months after the first day of the following month, and each subsequent Lease Year shall be the twelve months following the prior Lease Year.

  • Minimum Rent The defined term “Minimum Rent” set forth in Section 1.66 of the Lease is deleted in its entirety and replaced with the following:

  • Sublease Rent Limitation Anything contained in this Lease to the contrary notwithstanding, Lessee shall not sublet the Leased Property on any basis such that the rental to be paid by the sublessee thereunder would be based, in whole or in part, on either (a) the income or profits derived by the business activities of the sublessee, or (b) any other formula such that any portion of the Rent would fail to qualify as “rents from real property” within the meaning of Section 856(d) of the Code, or any similar or successor provision thereto.

  • Minimum Rental Beginning with the Commencement Date and continuing through the Expiration Date or earlier termination of this Lease, Tenant shall pay Minimum Rental in accordance with the schedule set forth in Section 1(g) in equal monthly installments each in advance on or before the first day of each month. If the Commencement Date is a date other than the first day of a calendar month, the Minimum Rental shall be prorated daily from such date to the first day of the next calendar month and paid on or before the Commencement Date.

  • Extension Term Provided Lessee is not in default in the performance of any term or condition of this Lease, Lessee shall have the option to extend this Lease for two (2) additional terms of five (5) years per term, commencing with the expiration of the first or additional term, upon the following conditions:

  • Base Rent Lessee shall pay Base Rent and other rent or charges, as the same may be adjusted from time to time, to Lessor in lawful money of the United States, without offset or deduction, on or before the day on which it is due under the terms of this Lease. Base Rent and all other rent and charges for any period during the term hereof which is for less than one full month shall be prorated based upon the actual number of days of the month involved. Payment of Base Rent and other charges shall be made to Lessor at its address stated herein or to such other persons or at such other addresses as Lessor may from time to time designate in writing to Lessee.

  • Base Monthly Rent Commencing on the Commencement Date and continuing throughout the Lease Term, Tenant shall pay to Landlord the Base Monthly Rent set forth in Section K of the Summary.

  • Monthly Rent The rent amount for the initial period shall be: _ Dollars ($_ ) paid on the _ (#) day of every month and: (check one) ☐ - Shall remain the same during the Initial Term. ☐ - Shall increase during the Initial Term as follows: 1st Period: • From _ _ (mm/dd/yyyy), to _ (mm/dd/yyyy). • Monthly Rent: _ _ Dollars ($ ) 2nd Period: • From _ _ (mm/dd/yyyy), to _ (mm/dd/yyyy). • Monthly Rent: _ _ Dollars ($ )

  • Expansion Premises In addition to the Original Premises, commencing on the Expansion Premises Commencement Date (as defined below), Landlord leases to Tenant, and Tenant leases from Landlord, the Expansion Premises.

  • Base Year The period beginning on 1 April of one year and ending on 31 March of the following year.

Time is Money Join Law Insider Premium to draft better contracts faster.