Additional Premises Rent Commencement Date definition

Additional Premises Rent Commencement Date referred to in Section 3 below shall mean the earlier of (i) such date as Sublessor delivers the Additional Premises to Sublessee substantially complete and suitable for Sublessee's use and occupancy but not in any event prior to April 1, 2000; (ii) such date as Sublessee takes occupancy of any portion of the Additional Premises for business purposes; or (iii) such date as the Additional Premises would have been substantially complete but for a delay in the build-out attributable to any change, addition or non-standard improvement to the plan in Exhibit B requested by Sublessee. Notwithstanding the foregoing, Sublessee shall have the right, so long as the same does not materially adversely affect the progress or completion of Sublessor's work therein, to have access to the Additional Premises at least two weeks prior to such substantial completion date for the purpose of installing Sublessee's furnishings and equipment, without such access being deemed to be occupancy for Sublessee's business purposes. Sublessor shall use commercially reasonable efforts to deliver the Additional Premises substantially complete and suitable for Sublessee's use and occupancy on or before June 10, 2000. In the event that the Additional Premises are not substantially complete within ninety (90) days after June 10, 2000, as extended by any delay attributable to any change, addition or non-standard improvement requested by Sublessee or Sublessee's failure to promptly respond to Sublessor requests for approvals or consents or by any other act or negligence of Sublessee or Sublessee's agents, contractors or employees (together, "Sublessee Delays") and by any delays caused by FORCE MAJEURE, which shall include strikes, inability to obtain materials, casualties, and any other matters beyond Sublessor's reasonable control, then Sublessee may terminate this Sublease by providing written notice to Sublessor prior to substantial completion. If the Additional Premises are not substantially complete by June 10, 2000, unless such delay in substantial completion was due to Sublessee Delays or force majeure, then Sublessee shall be entitled to an abatement of rent for the Additional Premises until such Additional Premises are substantially complete.
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Additional Premises Rent Commencement Date in respect of such portion of the Additional Premises. Each Additional Premises Free Rent Period shall be extended by the number of days during same that Tenant is entitled to an abatement of fixed rent during such Additional Premises Free Rent Period for any other reason under this Lease (e.g., due to casualty).
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Additional Premises Rent Commencement Date means the date that is ten (10) months after the Additional Premises Commencement Date.
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Examples of Additional Premises Rent Commencement Date in a sentence

  • Landlord and Tenant hereby agree that the Additional Premises Rent Commencement Date (as defined in the Second Amendment) is hereby amended to be March 1, 2021.

  • For purposes of base rent payments for the Additional Premises: the first Lease Year (defined in Section 4 of the Lease) will begin on the Additional Premises Rent Commencement Date and end 12 consecutive calendar months plus the partial month thereafter; and each successive Lease Year will be for 12 consecutive calendar months after the prior Lease Year.

  • Commencing on the Additional Premises Rent Commencement Date and continuing through the Term (as may be extended), Tenant’s Percentage shall be increased to 21.19%.

  • If the Sixth Amendment Additional Premises Rent Commencement Date occurs prior to January 1, 2018, Rent shall be due for the Sixth Amendment Additional Premises as follows.

  • The Term of the Sublease for the Additional Premises (the “Additional Premises Term”) shall commence on July 29, 2020 (the “Additional Premises Commencement Date”) and end on the date that is one month from the Additional Premises Rent Commencement Date, subject to a week-to-week extension as mutually agreed upon by the parties.

  • Base Rent shall be due for the Additional Premises commencing on the Additional Premises Rent Commencement Date and throughout the remainder of the Additional Premises Term in the following amounts, payable as and when installments of Base Rent are otherwise due and payable under the Lease: PERIOD ANNUAL BASE RENT MONTHLY BASE RENT Additional Premises Rent Commencement Date through July 31, 2002 $291,280 ($16.00.

  • The Basic Annual Rent for the Additional Premises shall be payable beginning on the Additional Premises Rent Commencement Date (as defined below).

  • Tenant shall deliver the request for the Additional Premises Allowance to Landlord no later than three hundred sixty (360) days after the Additional Premises Rent Commencement Date (the “Allowance Cutoff Date”).

  • Month of Lease Term Monthly Rental Annual Rental Annual Rental Rate Per Square Foot Additional Premises Rent Commencement Date - 12 $ 13,174.13 $ 158,089.50 $ 28.5000 13-24 $ 13,569.35 $ 162,832.19 $ 29.3550 25-36 $ 13,976.43 $ 167,717.15 $ 30.2357 37-48 $ 14,395.72 $ 172,748.67 $ 31.1427 49-60 $ 14,827.59 $ 177,931.13 $ 32.0770 61-72 $ 15,272.42 $ 183,269.06 $ 33.0393 73-84* $ 15,730.59 $ 188,767.13 $ 34.0305 * Tenant acknowledges that the Lease Term expires on May 31, 2028.

  • Tenant shall pay to Landlord, commencing on the Additional Premises Rent Commencement Date, and for the balance of the Lease Term, on the first day of each calendar month, as a component of Operating Expenses, one-twelfth (1/12th) of the estimated amount of Tax Expenses levied and assessed upon the Additional Premises and the underlying realty for each calendar year, subject to reconciliation in accordance with the provisions of Paragraph 7(b) above.


More Definitions of Additional Premises Rent Commencement Date

Additional Premises Rent Commencement Date shall be January 1, 2006, unless the Commencement Date for Suite numbers 302 and 303 shall be extended as provided herein in which case the Additional Premises Rent Commencement Date shall be delayed by the number of days equal to the difference between October 1, 2005, and the actual date of delivery of Suites 302 and 303 to Tenant.
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Additional Premises Rent Commencement Date means the seven (7) month anniversary of the Additional Premises Adjustment Date. From and after the date of this Amendment, the term “expiration date” or “Expiration Date” as used herein and in the Existing Lease shall be deemed to refer to the Extension Period Expiration Date. Tenant acknowledges that it shall have no right to extend the term of the Lease beyond the Extension Period Expiration Date.
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Additional Premises Rent Commencement Date means the date that is twelve (12) months after the Additional Premises Commencement Date, and the “Additional Basement Premises Rent Commencement Date” shall mean the date that is twelve (12) months after the Additional Basement Premises Commencement Date.
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Related to Additional Premises Rent Commencement Date

  • Rent Commencement Date means the Commencement Date.

  • Expansion Space means any space in the Building which, at any time during the Lease Term, is occupied by a Person other than Landlord under a written lease with Landlord, and the term “Tenant’s Expansion Space” means Expansion Space which Tenant has elected to lease as provided in this paragraph. Landlord agrees to notify Tenant promptly after Landlord learns that any Expansion Space is or will become available. Subject to the prior rights of other tenants to whom Landlord has granted substantially similar rights, Tenant has the option to lease any Expansion Space which Landlord notifies Tenant is or will become available. If Tenant gives Landlord notice of its exercise of this option within thirty (30) days after notification from Landlord of the availability of the Expansion Space and if no Event of Default exists when Tenant’s notice is given, this Lease will be deemed to be amended to include Tenant’s Expansion Space as part of the Premises for the remainder of the Lease Term upon all of the same terms contained in this Lease except that (i) the Rentable Area of the Premises will be amended to include Tenant’s Expansion Space; (ii) Tenant’s Share will be increased to include the rentable area of Tenant’s Expansion Space; (iii) the Term Commencement Date with respect to Tenant’s Expansion Space will be the earlier of sixty (60) days after the date on which Tenant’s Expansion Space becomes vacant and ready for occupancy (provided that date is at least sixty (60) days after Tenant exercises its option to lease the Expansion Space), or the date on which the Expansion Space is first occupied by Tenant; (iv) if Tenant’s Expansion Space contains a rentable area of 10,000 square feet or more, and if there are less than three (3) Lease Years remaining in the Lease Term, the Lease Term will be extended to include three (3) full years from the Term Commencement Date with respect to Tenant’s Expansion Space; and (v) subject to adjustment during each Fixed Rental Period as provided in Exhibit E, Basic Rent for each year of the remaining Lease Term (as it may be extended) will be the greater of (a) the Basic Rent last paid by the Person most recently occupying Tenant’s Expansion Space or (b) Market Rent determined as provided in the Rent Rider attached as Exhibit E. If Tenant exercises this option, Tenant’s Expansion Space will be leased to Tenant in its “as is” condition and Tenant will, at its expense and in compliance with the provisions of Section 7.06, design and construct all Improvements desired by Tenant for its use and occupancy. Landlord and Tenant agree to execute such amendments to this Lease and other instruments as either of them considers necessary or desirable to reflect Tenant’s exercise of this option.

  • Commencement Date means the date of this Agreement;

  • Lease Commencement Date has the meaning specified in Section 3.2 of the Master Lease.

  • Loan Commencement Date means, with respect to each Growth Capital Loan: (a) the first day of the first full calendar month following the Borrowing Date of such Loan if such Borrowing Date is not the first day of a month; or (b) the same day as the Borrowing Date if the Borrowing Date is the first day of a month.

  • Project Commencement Date means the commencement date notified to the Minister pursuant to clause 4(1);

  • Lease Term means the term of this Lease which shall commence on the Commencement Date and continue for the period specified in Section J of the Summary.

  • Construction Commencement Date means the date set out in the Addendum, if applicable, by which you must commence construction of the Hotel. For the Hotel to be considered under construction, youmust have begun to pour concrete foundations for the Hotel or otherwise satisfied any site-specific criteria for “under construction” set out in the Addendum.

  • the commencement date means the date on which the Contract shall take effect, as notified by the Authority to the Contractor in a letter awarding the Contract.

  • 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.

  • Term Commencement Date shall be the later of (i) November 1, 2006 or (ii) the date on which Landlord’s Work is Substantially Complete (or the date on which Landlord’s Work would have been Substantially Complete absent Tenant Delay or Force Majeure (as defined below)); provided, however, that if the Term Commencement Date is not the first day of a calendar month, then the first lease year shall be extended through the last day of the calendar month in which the first 12-month period expires, and Rent for the additional period at the end of the first lease year shall be payable at the rate for the 12th month of the Term. “Force Majeure” means accident; breakage; repair; governmental regulation, moratorium or other governmental action. The “Term Expiration Date” shall be the day immediately preceding the seventh (7th) anniversary of the Term Commencement Date, provided that if such preceding day is not the last day of a calendar month, then the Term Expiration Date shall be the last date of the calendar month in which such preceding day occurs. Landlord and Tenant shall each execute and deliver to the other written acknowledgment of the actual Term Commencement Date and the Term Expiration Date when such are established, and shall attach it to this Lease as Exhibit B. Failure to execute and deliver such acknowledgment, however, shall not affect the Term Commencement Date or Landlord’s or Tenant’s liability hereunder. Failure by Tenant to obtain validation by any medical review board or other similar governmental licensing of the Premises required for the Permitted Use by Tenant shall not serve to extend the Term Commencement Date.

  • Base Term Commencing (i) with respect to the Existing Premises on the Commencement Date, (ii) with respect to the Expansion Premises on the Expansion Premises Commencement Date and (iii) with respect to the Second Expansion Premises on the Second Expansion Premises Commencement Date, and ending with respect to the entire Premises on September 16, 2016 (“Expiration Date”).”

  • Storage Space means a space where goods of non-hazardous nature are stored and includes cold storage and banking safe vaults;

  • Payment Commencement Date means the date payments of amounts deferred begin pursuant to Article III, Section 6.

  • Extension Term means the time period defined in §2.C.

  • Base Rental means the sum of Seven Hundred Nineteen Thousand Two Hundred Sixty-Eight and NO/100 Dollars ($719,268.00), payable by Tenant to Landlord in sixty (60) monthly installments as follows:

  • Occupancy Date means the date on which occupancy of all Units in a Project is permitted;

  • Base Rent As defined in Section 3.1.

  • Landlord’s Work means the work of constructing the Tenant Improvements.

  • commencement day means the day on which the State Administrative Tribunal (Conferral of Jurisdiction) Amendment and Repeal Act 2004 Part 2 Division 21 comes into operation;

  • Lease Period means each of the consecutive periods throughout the Basic Term and any Renewal Term ending on a Lease Period Date, the first such period commencing on and including the Delivery Date.

  • Fixed Rent shall have the meaning set forth in Section 1.1 hereof.

  • Initial Rent means [ ] (£[ ]) STERLING yearly (exclusive of any VAT);

  • Basic Rent means Basic Rent as defined in Paragraph 6.