First Lease Year definition

First Lease Year means the first twelve month period starting on the Commencement Date.
First Lease Year means the period beginning on the Commencement Date and ending on the last day of the twelfth full calendar month thereafter; provided, however, if the Commencement Date is not the first day of a month, then the First Lease Year shall commence on the Commencement Date and shall continue for the balance of the month in which the Commencement Date occurs and for a period of twelve (12) full calendar months thereafter. “Lease Year” means each successive twelve (12) month period after the First Lease Year occurring during the Term. The First Lease Year shall also be considered a Lease Year.
First Lease Year means the period beginning on the date hereof and ending on the last day prior to the first anniversary of the date hereof.

Examples of First Lease Year in a sentence

  • This adjusted rate will be the sum of the Base Rate and that same rate multiplied by the percent increase of the Consumer Price Index for the period beginning two months prior to the beginning of the First Lease Year and the Consumer Price Index figure two months prior to the expiration of the Lease Year.


More Definitions of First Lease Year

First Lease Year has the meaning set forth in Section 1.1(a)(xxxiii) hereof, the definition of Lease Year.
First Lease Year means the one-year period starting on the Commencement Date and ending on the first occurrence of February 28.
First Lease Year means the period from the Substitution Space Commencement Date through (i) the last day of the sixth (6th) calendar month following the month during which the first (1st) anniversary of the Substitution Space Commencement Date occurs, or (ii) in the event that the Substitution Space Commencement Date occurs on the first (1st) day of the month, the day immediately preceding the sixth (6th) calendar month following the month during which the first (1st) anniversary of the Substitution Space Commencement Date occurs, and each succeeding “Lease Year” shall mean each successive twelve (12) month period following the First Lease Year through and including the Substitution Space Expiration Date. Tenant shall pay Fixed Annual Rent for the Substitution Space (exclusive of electricity charges) from the Substitution Space Commencement Date through the Substitution Space Expiration Date at the following rates:
First Lease Year shall be the period commencing on the Rent Commencement Date and ending on the first anniversary of the last day of the month prior to the month in which the Rent Commencement Date occurs.
First Lease Year means the calendar year commencing on the January 1 immediately preceding the Commencement Date and ending on the December 31 next following.
First Lease Year means the period from the Commencement Date through July 31, 2006.
First Lease Year. For the first Lease Year, $366,789.48 annually (based on $24.50 per rentable square foot), payable in equal monthly installments of $30,565.79 per month (See Section 4) Second Lease Year For the second Lease Year, $374,274.96 annually (based on $25.00 per rentable square foot), payable in equal monthly installments of $31,189.58 per month Third Lease Year For the third Lease Year, $381,760.56 annually (based on $25.50 per rentable square foot), payable in equal monthly installments of $31,813.38 per month Fourth Lease Year For the fourth Lease Year $389,246.04 annually (based on $26.00 per rentable square foot), payable in equal monthly installments of $32,437.17 per month Fifth Lease Year For the fifth Lease Year, $396,731.52 annually (based on $26.50 per rentable square foot), payable in equal monthly installments of $33,060.96 per month