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).
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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 G 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.
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Examples of Beneficial Occupancy Date in a sentence

  • Upon Government acceptance of the NRZ Checklist, the Project Superintendent is required to lead regular NRZ Meetings beginning at approximately 75 percent project completion, or three to six months prior to Beneficial Occupancy Date (BOD), whichever comes first.

  • Beneficial Occupancy Date (BOD) is the point at which the customer determines the facility or area can be occupied from both a regulatory and work function standpoint.

  • Conduct regular Red Zone Meetings beginning at approximately 75 percent project completion, or three to six months prior to Beneficial Occupancy Date (BOD), whichever comes first.

  • Projects that have a Beneficial Occupancy Date (BOD) within the same date range will also be considered.

  • In some cases, it marks a point known as Beneficial Occupancy Date (BOD) at which the operations organizations assume responsibility for starting operations and maintenance.

  • Extended warranty shall be anything beyond one calendar year from the Beneficial Occupancy Date.

  • Submit Interim DD Form 1354 to the Government for approval 30 days prior to the Beneficial Occupancy Date (BOD).

  • The schedule should show activities between contract Award and Notice to Proceed (NTP), and also NTP to Beneficial Occupancy Date (BOD).

  • Start the turnover process at the PAK Meeting and convene the Facility Turnover Meetings once the project has reached approximately 75% completion or three to six months prior to Beneficial Occupancy Date (BOD), whichever comes first.

  • The schedule should show activities between contract award and the Notice to Proceed (NTP), and also the NTP to the Beneficial Occupancy Date (BOD).


More Definitions of Beneficial Occupancy Date

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

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

  • Ready for Occupancy means the date upon which (i) the Leased Premises are available for Tenant's occupancy in a broom clean condition and (ii) the improvements, if any, to be made to the Leased Premises by Landlord as a condition to Tenant's obligation to accept possession of the Leased Premises have been substantially completed and the appropriate governmental building department (i.e., the City building department, if the Property is located within a City, or otherwise the County building department) shall have approved the construction of such improvements as substantially complete or is willing to so approve the construction of the improvements as substantially complete subject only to compliance with specified conditions which are the responsibility of Tenant to satisfy or is willing to allow Tenant to occupy subject to its receiving assurances that specified work will be completed.

  • Prior Occupancy means Owner’s use of all or parts of the Project before Substantial Completion, as more fully set forth in Section 6.08 A.

  • Single Room Occupancy or “SRO” means housing consisting of single room dwelling units that is the primary residence of its occupant or occupants. An SRO does not include facilities for students.

  • Owner-occupied means property that is the principal

  • On-premises sign means a sign advertising activities conducted or maintained on the property on which it is located. The boundary of the property shall be as determined by tax rolls, deed registrations, and apparent land use delineations. If a sign consists principally of brand name or trade name advertising and the product or service advertised is only incidental to the principal activity conducted or maintained on the property, or if the sign brings rental income to the property owner or sign owner, it shall be considered the business of outdoor advertising and not an on-premises sign. On-premises sign does not include a sign on a narrow strip of land contiguous to the advertised activity, or a sign on an easement on adjacent property, when the purpose is clearly to circumvent the intent of this act.

  • Child-occupied facility means a building or portion of a building constructed prior to 1978, visited regularly by the same child, age six years or younger on at least two different days within any week (Sunday through Saturday period), provided that each day’s visit lasts at least three hours and the combined weekly visit lasts at least six hours, and the combined annual visits last at least 60 hours. Child-occupied facilities may include, but are not limited to, day-care centers, preschools and kindergarten classrooms.

  • Transient occupancy means occupancy in transient lodging that has all of the following

  • Certificate of Occupancy means a certificate of occupancy, governmental sign-off or other document, permit or approval (whether conditional, unconditional, temporary or permanent) which must be obtained by Landlord from the appropriate governmental authority as a condition to the lawful initial occupancy by Tenant of the Expansion Space that is the subject of the Work.

  • Substantial Completion Date means the date on which Substantial Completion occurs.

  • 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.

  • bicycle parking space – occupant means an area that is equipped with a bicycle rack or locker for the purpose of parking and securing bicycles, and:

  • Substantial Completion means the stage in the progress of the work as determined and certified by the Contracting Officer in writing to the Contractor, on which the work (or a portion designated by the Government) is sufficiently complete and satisfactory. Substantial completion means that the property may be occupied or used for the purpose for which it is intended, and only minor items such as touch-up, adjustments, and minor replacements or installations remain to be completed or corrected which:

  • Authorized occupant means a person entitled to occupy a dwelling unit with the consent of the

  • Rentable Area of the Premises The amount of square footage set forth in Section 1.01(10).

  • Landlord Work means the work, if any, that Landlord is obligated to perform in the Premises pursuant to a separate agreement (the “Work Letter”), if any, attached to this Lease as Exhibit C.

  • Premises Building Total Destruction means if the Building of which the Premises are a part is damaged or destroyed to the extent that the cost to repair is fifty percent (50%) or more of the then Replacement Cost of the Building.

  • Possession Date means the date of execution of this Agreement;

  • temporary building means a Building designed or constructed, erected or placed on land and which is demolished or removed from the lands within twelve months of Building Permit issuance;

  • Building Square Footage or "BSF" means the square footage of assessable internal living space of a Unit, exclusive of any carports, walkways, garages, overhangs, patios, enclosed patios, detached accessory structure, other structures not used as living space, or any other square footage excluded under Government Code Section 65995 as determined by reference to the Building Permit for such Unit.

  • Off-premises sign means a sign directing attention to a use, product, commodity or service not related to the premises upon which the sign is located.

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

  • Net Rentable Area means, with respect to any Real Estate, the floor area of any buildings, structures or other improvements available for leasing to tenants determined in accordance with the Rent Roll for such Real Estate, the manner of such determination to be reasonably consistent for all Real Estate of the same type unless otherwise approved by the Administrative Agent.

  • Building Area means the greatest horizontal area of a building within the outside surface of the exterior walls.

  • Commencement Date means the date of this Agreement.

  • EARLY POSSESSION N/A ("Early Possession Date"). (Also see Paragraphs 3.2 and 3.3.)