Base Term Commencement Date definition

Base Term Commencement Date shall have the meaning provided in Section 2.2 of each Lease.

Base Term Commencement Date means the Original Closing Date.

Base Term Commencement Date means the Document Closing Date.

Examples of Base Term Commencement Date in a sentence

• The Base Term of the Lease shall begin on the Base Term Commencement Date, and may, subject to Subsection 2(b), terminate on the last day of the last month of the Base Term.

• In the event of a partial installation of less than all the Equipment prior to the Base Term Commencement Date, Lessee shall pay pro rata rental for such Items of Equipment upon receipt of invoice for same.

• Failure by Lessee to deliver any of these documents when due shall operate, at Lessor's option, to continue the Installation Term for the Lease thus delaying the Base Term Commencement Date, or to increase the Base Monthly Rental to recover costs incurred by Lessor consequent to the delay or the termination of the Lease as provided in Section 16.

• As a further condition to the Lessee’s rights hereunder, the Lessee shall pay the total cost for the completion of all Alterations commenced after the Base Term Commencement Date and prior to the Return Date, and, subject to the Lessee’s right to use applicable insurance proceeds as set forth in Article XIII hereof, for the repair and rebuilding of the affected portions of the Leased Property suffering a Casualty after the Base Term Commencement Date.

• As rent for Equipment, Lessee shall pay Lessor in immediately available funds and in advance on the Base Term Commencement Date and on the first day of each calendar month during the Base Term of the Lease the Base Monthly Rental, and upon receipt of an invoice, an amount equal to 1/30th of the Base Monthly Rental for each Item times the number of days which will elapse from the date such Item was installed to the Base Term Commencement Date of the Lease.

More Definitions of Base Term Commencement Date

Base Term Commencement Date means the date that: (a) Vendor has completed construction of the Equipment; (b) Lessee has inspected it and determined that such Equipment is in the condition required by the Purchase Agreement and is otherwise in good order and condition, and conforms to the specifications, requirements and standards applicable thereto and is satisfactory to Lessee; and (c) all conditions precedent set forth in Section 9 of hereof shall be satisfied. For purposes of this Lease, the foregoing conditions (a) and (b) shall conclusively be deemed to be satisfied upon the latter of the execution of an Acceptance Certificate by Lessee.

Base Term Commencement Date means the Facility Completion Date.

Base Term Commencement Date shall have the meaning, with respect to any Aircraft, set forth in the Lease Supplement with respect to such Aircraft.

Base Term Commencement Date shall have the meaning provided in Section 2.2 of the Lease. “Basic Rent” shall mean for each Payment Period, an amount equal to the Yield payable on the last day of such Period. “Benchmark” shall mean, initially, the Term SOFR Rate; provided that if a Benchmark Transition Event has occurred with respect to the then-current Benchmark, then “Benchmark” means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior benchmark rate pursuant to Section 2.9(f) of the Participation Agreement. “Benchmark Replacement” shall mean, with respect to any Benchmark Transition Event, the first applicable alternative set forth in the order below that can be determined by the Administrative Agent for the applicable Benchmark Replacement Date:

Base Term Commencement Date means, as to all Equipment designated on any Lease Schedule, where the Installation Date for the item of Equipment last to be installed falls on the first day of the month, that date, or, in any other case, the first day of the month following the month in which the item of Equipment last to be installed is installed. (d) The “Daily Rental” means 1/30th of the amount set forth as the monthly rental for each item of Equipment in the applicable Lease Schedule. (e) A “Holdover” means, the event which shall have occurred should Lessee fail to deliver possession of any item of Equipment in a timely manner after giving Lessor proper notice that such Equipment shall be returned pursuant to the provisions of the Lease.

Base Term Commencement Date means the date on which Substantial Completion of the Facility has occurred.

Base Term Commencement Date has the meaning set forth in Section --------------------------- 3(b) of the Lease.