Base Term definition

Base Term. Commencing (i) with respect to the Original Premises on the Commencement Date, and (ii) with respect to the Expansion Premises on the Expansion Premises Commencement Date, and ending with respect to the entire Premises on June 30, 2019.”
Base Term means, with respect to any Leased Property, (a) the period commencing on the related Closing Date and ending on January 13, 2005 or (b) such shorter period as may result from earlier termination of the Lease as provided therein.
Base Term is defined in Section 2.3 of the Lease.

Examples of Base Term in a sentence

  • The Port Authority shall have the absolute right to extend the Base Term for an additional period of up to one hundred and twenty (120) days (hereinafter called the “Extension Period”) subsequent to the Expiration Date of the Base Term or to the Expiration Date of the final exercised Option Period, subject to the same terms and conditions as the previous contract period.

  • The Port Authority shall have the absolute right to extend the Base Term for an additional period of up to one hundred and twenty (120) days subsequent to the Expiration Date of the Base Term, or the Expiration Date of the final exercised Option Period (hereinafter called the “Extension Period”), subject to the same terms and conditions as the previous contract period.

  • The “Term” of this Lease shall be the Base Term, as defined above on the first page of this Lease.

  • The “Term” of this Lease shall be the Base Term, as defined above on the first page of this Lease and the Extension Term which Tenant may elect pursuant to Section 39 hereof.

  • If the 3 Month Term SOFR Rate published on the last business day of any month (the “Current Term SOFR Rate”) differs from the Base Term SOFR Rate, the Daily Discount Rate may be adjusted on the last business day of such month by 0.00003% for each basis point difference between the Current Term SOFR Rate and the Base Term SOFR Rate on the adjustment date.


More Definitions of Base Term

Base Term shall have the meaning as defined in Section 2.2.
Base Term shall have the meaning set forth in Section 10.1.
Base Term shall have the meaning provided in Section 2.2 of each Lease.
Base Term means the period commencing on the Closing Date and ending on February 14, 2022, or such shorter period as may result from earlier termination of the Lease as provided therein.
Base Term of the HQ Phase II Firm Energy Contract is the period commencing on the date deliveries were first made under the Contract and ending on August 31, 2000.
Base Term means, with respect to any Leased Property, (a) the period commencing on the Initial Closing Date for the first parcel of Land acquired by the Lessor and ending on the tenth (10th) anniversary of such Closing Date or (b) such shorter period as may result from earlier termination of the Lease as provided therein.
Base Term means the period of time beginning on the Lease Effective Date and ending on the Base Term Expiration Date.