Beneficial Occupancy Date definition

Beneficial Occupancy Date means, with respect to each portion of the Premises, the Lease Commencement Date applicable to such portion of the Premises.

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Beneficial Occupancy Date means the Beneficial Occupancy Date as defined in Section 7.3(a).

Beneficial Occupancy Date shall be deemed to mean the date upon which Landlord's Work in the Premises (not including the payment of the Tenant Improvement Allowance) is Substantially Completed and Landlord shall have delivered to Tenant Notice setting forth that Landlord's Work in the Premises (not including the payment of the Tenant Improvement Allowance) is Substantially Completed. Landlord shall give not less than ten (10) business days Notice of the date of expected Substantial Completion of Landlord's Work in the Premises (not including the payment of the Tenant Improvement Allowance). Promptly after the occurrence of any Beneficial Occupancy Date, Landlord and Tenant shall execute an agreement in the form annexed hereto as EXHIBIT F confirming such Beneficial Occupancy Date and specifying that Landlord's Work (not including payment of the Tenant Improvement Allowance) has been Substantially Completed, but the failure of the parties to execute such an agreement shall not defer the applicable Beneficial Occupancy Date, the Term Commencement Date or the Base Rent Commencement Date, or otherwise affect or invalidate this Lease.

Examples of Beneficial Occupancy Date in a sentence

If the commencement date and/or the expiration date and/or occupancy date of this Lease is other than the Anticipated Commencement Date and Expiration Date specified in the Basic Lease Information or Beneficial Occupancy Date specified below, the parties shall execute a written amendment to this Lease, substantially in the form of Exhibit F hereto specifying the actual commencement date, expiration date, occupancy date and the date on which Tenant is to commence paying Rent.
By taking possession of the Premises, Tenant shall have acknowledged that (i) it has inspected the Premises, (ii) it accepts the Premises, (iii) the Premises are in good and sanitary order, and (iv) all work to be performed by Landlord has been satisfactorily completed except for those minor items which Landlord and Tenant shall agree require further completion and which items shall be incorporated into a written punch list executed by Landlord and Tenant prior to the Beneficial Occupancy Date.
Landlord and Tenant have respectively executed this Confirmation of Beneficial Occupancy Date Agreement as of the day and year first above written.
The initial term of this Agreement shall commence on the date of Beneficial Occupancy and shall, unless sooner terminated as provided herein, continue therefrom until midnight on the December 31st after the Team completes twenty-five (25) full regular League baseball seasons (plus post-season if applicable) following the Beneficial Occupancy Date (“Initial Term”).
If Landlord does not deliver possession of the Premises to Tenant on or before the anticipated Beneficial Occupancy Date (as set forth in Section 2(c) below), Landlord shall not be subject to any liability for its failure to do so, and such failure shall not affect the validity of this Lease nor the obligations of Tenant hereunder.
If the Beneficial Occupancy Date occurs on a day other than the first day of a calendar month, then the rent payable by Tenant to Landlord for the period from the Beneficial Occupancy Date to the Measurement Date shall be prorated and the rent for the partial month following the Beneficial Occupancy Date shall be payable on the Beneficial Occupancy Date.
The Beneficial Occupancy Date is anticipated to be on or about the date which is six (6) weeks after the date of full execution and delivery of this Lease.
The first day following the sixth (6th) month anniversary of Tenant's completion of Tenant's Work, provided, however, the Base Rent shall commence no later than the first day following the ninth (9th) month anniversary of the Beneficial Occupancy Date.
To the extent the SCIF is not otherwise funded in accordance with Section 3.b.(i), above, then the Lessee shall contribute Forty Thousand ($40,000.00) Dollars to the SCIF on or about the Beneficial Occupancy Date and shall add an additional amount of $40,000.00 to the SCIF on each anniversary thereafter during only the Initial Term.
Landlord shall use reasonable efforts to have the Wafer Fabrication Area ready to accept Tenant's installations by the Beneficial Occupancy Date.

More Definitions of Beneficial Occupancy Date

Beneficial Occupancy Date. As defined in Section 7.3(a).

Beneficial Occupancy Date. Upon all of the following occurring: Landlord’s execution of the Lease; Delivery by Tenant of security deposit and general liability and personal property insurance to Landlord; Approval of drawings and specifications by Tenant; and Substantial Completion of Landlord’s Work as such term is defined in Exhibit “G.” The parties shall acknowledge the Beneficial Occupancy Date in writing. Commencement Date: November 1, 2011 (subject to adjustment pursuant to Section 2.03 below).

Beneficial Occupancy Date means the date on which the Initial Improvements are substantially complete and Lessee first opens for operations from the Premises; provided, however, the Beneficial Occupancy Date shall not be later than the first anniversary of the Commencement Date.

Beneficial Occupancy Date. As defined in Section 7.3(a). Tenant's Proportionate Share: 11.59% Tenant's Proportionate Share shall be subject to increase pursuant to the provisions of Article 38.