Upon the Commencement Date Sample Clauses

Upon the Commencement Date. Landlord shall make available to Tenant the sum of Five Million Dollars ($5,000,000) (the “TI Allowance”) from which Tenant shall be entitled to withdraw funds to pay the cost of Alterations to the Improvements that Tenant elects to make to the Premises, including, without limitation, furnishings, fixtures, equipment, cabling and wiring (the “Tenant Improvements”). The TI Allowance, funded by Landlord on the Commencement Date, shall be deposited into a separate interest-bearing account established by Tenant and, subject to the provisions of this Section 10(c), available for withdrawal by Tenant to fund Alterations to the Premises upon request and Tenant Improvements costs are incurred. For so long as, and provided, Tenant maintains a debt rating on its unsecured long-term debt (“Tenant’s Credit Rating”) of not less than either “BBB (outlook stable)” from Standard & Poor’s Ratings Services, Inc. or “Baa2” from Xxxxx’x Investors Service, Inc. (the “Minimum Debt Rating”), Tenant shall be entitled to withdraw funds from the TI Allowance account with at least ten (10) days prior written notice to Landlord to pay for Tenant Improvements. If, at any time, Tenant’s Credit Rating is below the Minimum Debt Rating, as a condition to Tenant’s right to withdraw funds from the TI Allowance account, in addition to and concurrently with the required advance written notice to Landlord, Tenant shall also provide to Landlord copies of paid invoices for any Alterations to be paid for from such withdrawal from the TI Allowance account and preliminary or final lien releases and waivers in form that conforms with the requirements of the construction lien laws of the State of California and duly executed by the contractors and subcontracts to whom payment is intended to be funded from such withdrawal. Provided such notice and additional materials and documents are provided, if and as required, Landlord shall allow Tenant to withdraw the requested funds from the TI Allowance account.
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Upon the Commencement Date. OF A LEASE PURSUANT TO SECTION 5 OF THIS MASTER LEASE, AND EXCEPT AS PROVIDED IN SECTION 6, "NON-APPROPRIATION OF FUNDS," THE OBLIGATIONS OF LESSEE TO MAKE LEASE PAYMENTS AND TO PERFORM AND OBSERVE THE OTHER COVENANTS AND AGREEMENTS CONTAINED IN EACH LEASE SHALL BE ABSOLUTE AND UNCONDITIONAL IN ALL EVENTS WITHOUT ABATEMENT, DIMINUTION, DEDUCTION, SET-OFF OR DEFENSE, FOR ANY REASON INCLUDING, WITHOUT LIMITATION, ANY FAILURE OF THE EQUIPMENT TO BE DELIVERED OR INSTALLED, ANY DISPUTES WITH LESSOR OR ANY VENDOR OF ANY EQUIPMENT, DEFECTS, MALFUNCTIONS OR BREAKDOWNS IN THE EQUIPMENT, ANY ACCIDENT, CONDEMNATION, DAMAGE, DESTRUCTION, OR UNFORESEEN CIRCUMSTANCE, OR ANY TEMPORARY OR PERMANENT LOSS OF ITS USE.
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Upon the Commencement Date. Borrower agrees that Borrower’s obligations under this Agreement become irrevocable, and Borrower’s obligation to make all Payments in full when due, becomes absolute and unconditional, without set off, counterclaim, withholding, deduction, or defense of any kind.
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Upon the Commencement Date. Lessee shall accept and occupy the Premises for its intended use, subject to minor punchlist items which do not materially interfere with Lessee's use of the Premises in accordance with Section 4 hereof, and, except as otherwise provided in Section 7.1 hereof, Lessee shall, at its sole cost, risk, expense and liability, keep and maintain the Premises in good order and repair, and in compliance with all applicable governmental codes, ordinances and regulations. Lessee shall also (i) keep all sewer and utility lines of the Building, including, without limitation, all sewer connections, plumbing, heating, ventilating and air conditioning equipment and appliances, wiring and glass, in good order and repair; (ii) provide janitorial services for the Building; (iii) keep the Premises free from all litter, dirt, debris and obstructions and in a clean and sanitary condition; and (iv) maintain the lawns, landscaping, gardens, sidewalks, driveway and parking lots of the Premises in a clean and orderly manner.
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Upon the Commencement Date. Lessee shall accept and occupy the Premises for its intended use, and, except as otherwise provided in Section 7.1 hereof, Lessee shall, at its sole cost, risk, expense and liability, keep and maintain the Premises in good order and repair (including, without limitation, annual treatment of the Building and foundation thereof for termite infestation, provided that other than enforcing Lessee's termite bond on the Building Lessee shall not have any obligation for the repair of termite related damage to the Building), and in compliance with all applicable governmental codes, ordinances and regulations; provided, however, Lessee shall not be responsible for (i) environmental conditions existing on the Premises prior to the Commencement Date, unless caused by Lessee or (ii) compliance with governmental codes, ordinances and regulations applicable to the initial construction and completion of the Premises as provided in Section 40 hereof which were in effect as of the Commencement Date. Lessee shall also (i) keep all sewer and utility lines of the Building, including, without limitation, all sewer connections, plumbing, heating, ventilating and air conditioning equipment and appliances, wiring and glass, in good order and repair; (ii) provide janitorial services for the Building as required by Lessee; (iii) keep the Premises reasonably free from all litter, dirt, debris and obstructions and in a clean and sanitary condition; (iv) maintain the lawns, gardens, sidewalks, driveway and parking lots at the Premises in a clean and! orderly manner and (v) provide Lessor with copies of all maintenance agreements and all quarterly reports of service records.
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Upon the Commencement Date. Lessor shall assign to Lessee, to the extent assignable, all guarantees and warranties given by third parties to Lessor and relating to items in the Premises the maintenance of which is the obligation of Lessee hereunder; provided, however, that to the extent any such guarantees and warranties are in effect after the expiration of the Lease Term, Lessee shall assign the expiration of the Lease Term to Lessor prior to such guarantees and warranties.
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Related to Upon the Commencement Date

  • Commencement Date The Subcontractor shall be permitted to begin the Services on ______________________, 20____ (“Commencement Date”).

  • Service Commencement Date The date the Transmission Provider begins to provide service pursuant to the terms of an executed Service Agreement, or the date the Transmission Provider begins to provide service in accordance with Section 15.3 or Section 29.1 under the Tariff.

  • Rent Commencement Date The "Rent Commencement Date" shall be the date that Tenant first uses the Premises or any portion thereof for any purpose permitted under this lease. In the event this lease pertains to a building or building interior finish to be constructed, the "Rent Commencement Date" shall be the date upon which the buildings and other improvements erected and to be erected upon the premises shall have been substantially completed in accordance with the plans and specifications described on Exhibit "C" attached hereto and incorporated herein by reference, provided however, that if Landlord shall be delayed in such substantial completion as a result of: (i) Tenant's failure to agree to plans, specifications, and cost estimates, within a reasonable period of time; (ii) Tenant's request for materials, finishes or installations other than Landlord's standard; (iii) Tenant's changes in plans; the commencement date and the payment of rent hereunder shall be accelerated by the number of days of such delay, and provided further that if Landlord cannot substantially complete the premises as a result of any events (i) through (iii) above, Landlord may as its election complete so much of Landlord's work as may be practical under the circumstances and, by written notice to Tenant, establish the commencement date as the date of such partial completion, subject to any applicable accelerations due to delays resulting from events (i) through (iii) above. Taking possession by Tenant shall be deemed conclusively to establish that said buildings and other improvements have been completed in accordance with the plans and specifications and that the premises are in good and satisfactory condition, as of when possession was so taken. Tenant acknowledges that no representations as to the repair of the premises have been made by Landlord, unless such are expressly set forth in the lease. After such "Rent Commencement Date" Tenant shall, upon demand, execute and deliver to Landlord a letter of acceptance of delivery of the premises. In the event of any dispute as to substantial completion of work performed, execute or required to be performed by Landlord, the certificate of Landlord's architect or general contractor shall be conclusive.

  • Term Commencement Date The date that the Premises are Ready For Occupancy (as defined in Exhibit D attached hereto), which Term Commencement Date is anticipated to be August 1, 2015. In the event Landlord fails to deliver the Premises to Tenant with the Tenant Improvements Substantially Complete on or before November 1, 2015 ("First Outside Date") as such First Outside Date shall be extended due to Force Majeure delays and Tenant Delays, Tenant will be entitled to one day of free Monthly Base Rent, to be applied after the Term Commencement Date, for each day after such First Outside Date that the Premises are not delivered to Tenant as required hereunder. In the event fails to deliver the Premises to Tenant with the Tenant Improvements Substantially Complete on or before December 1, 2015 ("Second Outside Date"), as such Second Outside Date shall be deemed extended due to Force Majeure delays and Tenant Delays, Tenant may terminate this Lease by delivery of written notice to Landlord no later than that date which is five (5) business days after such Second Outside Date, in which case Landlord will immediately refund all amounts paid by Tenant pursuant to this Lease and Tenant shall have no further obligations to Landlord pursuant to this Lease except for those obligations which expressly survive the expiration or sooner termination of this Lease.

  • Lease Commencement Date The earlier to occur of (i) the date upon which Tenant first commences to conduct business in the Premises, and (ii) the later to occur of (A) November 1, 2018 and (B) the date upon which the Premises are Ready for Occupancy (as that term is defined in Section 5.1 of the Tenant Work Letter attached hereto as Exhibit B (the “Tenant Work Letter”)).

  • Vesting Commencement Date Exercise Price per Share: Total Number of Shares Subject to the Option: Total Exercise Price: Expiration Date:

  • COMMENCEMENT/EXPIRATION DATE This agreement is executed as of the date of the last signature and is effective through at which time it will expire. The expiration date is the final date for completion of all work activities under this agreement.

  • Date of Commencement This Agreement has commenced and shall be deemed to have commenced on and with effect from the date mentioned at the beginning of this Agreement.

  • Start Date The parental leave must begin no later than 52 weeks after the day the child is born or comes into the custody, care and control of the parent for the first time for provincially or federally regulated employees. The parental leave of an employee who takes a pregnancy leave must begin when the pregnancy leave ends unless the child has not yet come into the care and control of the parent for the first time.

  • DATE OF COMMENCEMENT AND SUBSTANTIAL COMPLETION § 3.1 The date of commencement of the Work shall be: § 3.2 The Contract Time shall be measured from the date of commencement of the Work.

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