Fractional Month definition

Fractional Month. Defined in Section 3.
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Fractional Month means (i) during the Third Period, the period commencing on February 8, 2012, and ending on February 29, 2012; and (ii) with respect to the Fourth Period, if the Expansion Commencement Date does not occur on the first day of a calendar month, then both of the following periods: (a) the period commencing on the first day of the month in which the Expansion Commencement Date occurs and ending on the day before the Expansion First Amendment to Industrial Lease Agreement Priority Fulfillment Services, Inc. April 25, 2013 Commencement Date, and (b) the period commencing on the Expansion Commencement Date and ending on the last day of the calendar month in which the Expansion Commencement Date occurs. By way of example, if the Expansion Commencement Date occurs on June 15, 2013, then (i) the Fourth Period shall still commence on June 1, 2013, but the Fourth Period (including the Fractional Months comprised of June 1-14, 2013 and June 15-30, 2013) shall end on July 31, 2014, (ii) the Fifth Period shall commence on August 1, 2014 and end on July 31, 2015, (iii) the Sixth Period shall commence on August 1, 2015 and end on July 31, 2016, (iv) the Seventh Period shall commence on August 1, 2016 and end on July 31, 2017, and (v) the Eighth Period shall commence on August 1, 2017 and end on May 31, 2018. The Base Rent applicable to the Third Period and the Fourth Period shall include the prorated amount applicable to any such Fractional Month, which prorated amount shall be due on the first day of the Fractional Month. Upon the request of either party after Substantial Completion (as defined in Section 17(f) with respect to the initial Improvements and Section 17(g) with respect to the Expansion Work (as defined in Section 17(g)), Landlord and Tenant shall promptly execute a letter in substantially the form of Exhibit F Notice of Lease Term Dates in order to confirm the Lease Commencement Date, Base Rent Commencement Date, Expansion Commencement Date, Expiration Date and the first and last days of the First Period, Second Period, Third Period, Fourth Period, Fifth Period, Sixth Period, Seventh Period, Eighth Period and any Fractional Month. **If any Event of Default occurs under this Lease on or before the expiration of the Expansion Rent Abatement Period, the Base Rent abatement provided for during the Expansion Rent Abatement Period shall immediately terminate, and any portion of the $15,975.00 monthly Base Rent, which has then previously been abated with respect to ...
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Fractional Month shall have-the meaning provided in Article II, Section 2.1(a).
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Examples of Fractional Month in a sentence

  • If the Base Rent Commencement Date shall fall on a day other than the first day of a calendar month, the Base Rent shall be apportioned pro rata on a per diem basis for the resulting Fractional Month (which pro rata payment shall be due and payable on the Base Rent Commencement Date).

  • The fractional month, if any, between the commencement of the Lease Term and the end of the month in which the Lease Term begins is hereinafter referred to as the "Fractional Month".

  • Pursuant to the terms of this Agreement as in effect prior to its amendment and restatement, the Company has accrued deferred base salary of the Employee payable from and after May 1, 2001 (the "Accrued Amount").

  • If the Lease Commencement Date falls on a day other than the first day of a calendar month, the Base Rent for the month in which the Abatement Period expires will be apportioned pro rata for the resulting Fractional Month.

  • The Fixed Rent for a Fractional Month (if any) shall be apportioned on a per diem basis, calculated on the basis of a thirty (30) day month, and shall be payable on the commencement of the Lease Term.

  • Upon the request of either party after the Lease Commencement Date, Landlord and Tenant shall promptly execute Exhibit F Notice of Lease Term Dates in order to confirm the Lease Commencement Date, Base Rent Commencement Date, the Expiration Date and the first and last days of the First Period, Second Period, Third Period, Fourth Period, Fifth Period, Sixth Period, and any Fractional Month.

  • If the Base Rent Commencement Date falls on a day other than the first day of a calendar month, the Base Rent shall be apportioned pro rata on a per diem basis for the resulting Fractional Month (which pro rata payment shall be due and payable on the Base Rent Commencement Date).

  • Upon the termination of Executive’s employment with Nordson, Executive will deliver forthwith to Nordson any and all literature, documents, correspondence, and other materials and records furnished to or acquired by Executive during the course of Executive’s employment.

  • Operating Expenses payable by Tenant for a Fractional Month, if applicable, will be apportioned prorata.

  • The term “Lease Year”, as used in this Lease, shall mean the 12-month period commencing on the Lease Commencement Date, and each 12-month period thereafter during the Term; provided, however, that if the Base Rent Commencement Date is a day other than the first day of a calendar month, the first Lease Year shall include the resulting Fractional Month and shall extend through the end of the twelfth (12th) full calendar month following the Lease Commencement Date.

Related to Fractional Month

  • Fractional Share means a fractional share in the ICAV issued in accordance with Section 12.5.

  • Fraction means, in respect of any Borrower as determined at any time, a fraction, the numerator of which shall be the Borrower Sublimit of such Borrower at such time, and the denominator of which shall be the sum of the Borrower Sublimits of all Borrowers at such time.

  • Generator to Load Distribution Factor or “GLDF” shall mean a generator’s impact on a Flowgate while serving load in that generator’s Balancing Authority Area.

  • FTPS Unit means Units which are purchased through the Fund/SERV(R) trading system or on a manual basis through FTP Services LLC or for which FTP Services LLC is acting as FTPS Unit Servicing Agent.

  • Applicable Fraction means Applicable Fraction as defined in Section 42(c)(1)(B) of the IRC.