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 January 31, 2017 (“Expiration Date”).”

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Base Term is defined in Section 2.3 of the Lease.

Base Term shall have the meaning as defined in Section 2.2.

Examples of Base Term in a sentence

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

• 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.

• 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.

• For clarity, if the Commencement Date occurs on the first day of a month, the expiration of the Base Term shall be measured from that date.

• Upon the expiration of the Base Term of this Lease, Lessee must notify the City in writing of its desire to exercise an Option Term for an additional twenty (20) years.

More Definitions of Base Term

Base Term means, with respect to the Leased Property, (a) the period commencing on the Closing Date and ending on May 29, 2009 or (b) such shorter period as may result from earlier termination of the Lease as provided therein.

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 shall have the meaning set forth in Section 10.1.

Base Term. Commencing (i) with respect to the Original 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 the date that is 60 months after the first day of the first full month following the Second Expansion Premises Rent Commencement Date (“Expiration Date”).”

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. A term beginning (i) with respect to the Original Premises, on the Commencement Date, (ii) with respect to the Additional 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 November 30, 2020.”