Common use of TERM OF THE SUBLEASE Clause in Contracts

TERM OF THE SUBLEASE. A. The terms and conditions of this Sublease shall become effective upon the Effective Date. The term of this Sublease for the purposes of District's obligation to make Sublease Payments shall commence on the earlier of the following two (2) events ("Commencement Date") and shall terminate six (6) months after the Commencement Date (the "Term"): 1. The date the District takes beneficial occupancy of the Project; or 2. The date of Project Completion, as defined in Section 12 of this Sublease. B. On the Commencement Date, the parties shall execute the Memorandum of Commencement attached hereto as Exhibit "D" to memorialize the commencement and expiration dates of the Term. Notwithstanding this Term, the parties hereby acknowledge that each has obligations, duties, and rights under this Sublease that exist upon the Effective Date and prior to the beginning of the Term.

TERM OF THE SUBLEASE. A. The terms and conditions of this Sublease shall become effective upon the Effective Date. The term of this Sublease for the purposes of District's obligation to make Sublease Payments shall commence on the earlier of the following two (2) events ("“Commencement Date"”) and shall terminate six three (63) months after the Commencement Date (the "“Term"”): 1. The date the District takes beneficial occupancy of the Project; or 2. The date of Project Completion, as defined in Section 12 of this Sublease. B. On the Commencement Date, the parties shall execute the Memorandum of Commencement attached hereto as Exhibit "“D" ” to memorialize the commencement and expiration dates of the Term. Notwithstanding this Term, the parties hereby acknowledge that each has obligations, duties, and rights under this Sublease that exist upon the Effective Date and prior to the beginning of the Term.