Initial Term Commencement Date definition

Initial Term Commencement Date means Initial Term Commencement Date as defined in Paragraph 5(a).
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Initial Term Commencement Date means January 1, 1999.
Sample 1

Examples of Initial Term Commencement Date in a sentence

  • Within ten (10) days after the Initial Term Commencement Date is ascertainable, Landlord and Tenant shall enter into a supplemental agreement specifying the actual date for the Initial Term Commencement Date and expiration of the Initial Term and the Base Rent during the Initial Term, as determined by the terms for calculating Base Rent set forth in the Construction Agreement.

  • The initial term of this Agreement shall be for ten (10) full calendar years (“Initial Term”) and shall commence on the Initial Term Commencement Date, as reasonably determined by Mxxxxxxxxxx.

  • Morehead, Kentucky Facility Products: tomatoes, cucumbers and, or peppers Growing Acres: 60 Initial Term: 10 years Initial Term Commencement Date: date of commercial harvest of first crop Mxxxxxxxxxx is engaged in business as an importer, marketer and dealer of fruits and vegetables, with experience in domestic and international markets.

  • If Tenant intends to exercise either the First Option or the Second Option, Tenant shall give written notice ("OPTION EXERCISE NOTICE") to Landlord that it is making an irrevocable exercise not later than twelve (12) months prior to the first day of the one hundred eightieth (180th) month following the Initial Term Commencement Date or, if the First Option is not exercised, twelve (12) months prior to the first day of the two hundred fortieth (240th) month following the Initial Term Commencement Date.

  • Pursuant to the Construction Agreement, the Expansion and other improvements to the Leased Premises constructed and/or installed by Landlord will be constructed or installed pursuant to plans and specifications approved by Tenant and with architects and contractors approved by Tenant, and Tenant and will be presumed as of the Initial Term Commencement Date to have accepted the Leased Premises in their then existing condition subject to the terms of the Permitted Exceptions.

  • The Preliminary Term of this Lease (the “Preliminary Term”) commenced on the date hereof (the “Preliminary Commencement Date”) and shall end on the date immediately preceding the Initial Term Commencement Date (as hereafter defined).

  • The County’s acceptance of the condition of the Premises and satisfaction of the surrender thereof shall be reduced to writing by the County.

  • Costs pertaining to compliance with ADA prior to the Initial Term Commencement Date, the fee of seven percent (7%) of the Change Order Costs in respect such compliance shall not be applicable or charged to Tenant.

  • The call for massification was in response to the desire “to resolve the equity-development tension” (Cloete, 2007:59) and would have bearing on the establishment and funding of foundational provision in higher education.

  • If the Initial Term Commencement Date or Expansion Commencement Date commences other than on the first day of a calendar month or ends other than on the last day of a month, the Base Rent for such month shall be prorated accordingly.

Related to Initial Term Commencement Date

  • Term Commencement Date shall be the later of (i) November 1, 2006 or (ii) the date on which Landlord’s Work is Substantially Complete (or the date on which Landlord’s Work would have been Substantially Complete absent Tenant Delay or Force Majeure (as defined below)); provided, however, that if the Term Commencement Date is not the first day of a calendar month, then the first lease year shall be extended through the last day of the calendar month in which the first 12-month period expires, and Rent for the additional period at the end of the first lease year shall be payable at the rate for the 12th month of the Term. “Force Majeure” means accident; breakage; repair; governmental regulation, moratorium or other governmental action. The “Term Expiration Date” shall be the day immediately preceding the seventh (7th) anniversary of the Term Commencement Date, provided that if such preceding day is not the last day of a calendar month, then the Term Expiration Date shall be the last date of the calendar month in which such preceding day occurs. Landlord and Tenant shall each execute and deliver to the other written acknowledgment of the actual Term Commencement Date and the Term Expiration Date when such are established, and shall attach it to this Lease as Exhibit B. Failure to execute and deliver such acknowledgment, however, shall not affect the Term Commencement Date or Landlord’s or Tenant’s liability hereunder. Failure by Tenant to obtain validation by any medical review board or other similar governmental licensing of the Premises required for the Permitted Use by Tenant shall not serve to extend the Term Commencement Date.

  • Offering Commencement Date means the first day of each Offering Period.

  • Loan Commencement Date means, with respect to each Growth Capital Loan: (a) the first day of the first full calendar month following the Borrowing Date of such Loan if such Borrowing Date is not the first day of a month; or (b) the same day as the Borrowing Date if the Borrowing Date is the first day of a month.

  • Commencement Date means the date of this Agreement;

  • Benefit Commencement Date means, for any Participant or beneficiary, the date as of which the first benefit payment, including a single sum, from the Participant’s Account is due, other than pursuant to a withdrawal under Article VIII.

  • Initial Term has the meaning set forth in Section 7.1.

  • the commencement date means the date on which the Contract shall take effect, as notified by the Authority to the Contractor in a letter awarding the Contract.

  • Offer Commencement Date means the date on which Purchaser commences the Offer, within the meaning of Rule 14d-2 under the Exchange Act.

  • Rent Commencement Date means [Insert date or description] or any later date calculated in accordance with paragraph 3.3 of Part 5 of the Schedule;

  • Payment Commencement Date means the date payments of amounts deferred begin pursuant to Article III, Section 6.

  • Employment Commencement Date means the date on which the Employee first performs an Hour of Service.

  • Applicable Anniversary of the Commencement Date means the fifth (5th) anniversary of the Commencement Date.

  • Vesting Commencement Date means the Grant Date or such other date selected by the Committee as the date from which an Award begins to vest.

  • Service Commencement Date means the date the Transmission Provider begins to provide service pursuant to the terms of an executed Service Agreement, or the date the Transmission Provider begins to provide service in accordance with Tariff, Part II, section 15.3 or Tariff, Part III, section 29.1.

  • Services Commencement Date means the date delivery of the Services shall commence as specified in the Key Provisions. If no date is specified in the Key Provisions this date shall be the Commencement Date;

  • Framework Commencement Date means [insert date dd/mm/yyyy];

  • Policy Commencement Date means the date of commencement of the Policy as specified in the Schedule.

  • Distribution Commencement Date means the Issue Date or such other date as may be specified as the Distribution Commencement Date on the face of such Perpetual Security;

  • Billing Commencement Date means the earlier of:

  • Initial Termination Date has the meaning set forth in Section 9.1(b)(i).

  • Accumulation Commencement Date means January 1, 2021, or such later date as the Calculation Agent on behalf of the Issuer determines in accordance with Section 2.11 hereof.

  • Initial Term Loan shall have the meaning provided in Section 2.1(a).

  • Lease Commencement Date means the Closing Date. The “Lease Expiration Date” shall mean the later of (i) the date of the final payment in full of the French Advances and (ii) the Vehicle Lease Expiration Date for the last Lease Vehicle leased by the Lessee hereunder. The “Term” of this Agreement shall mean the period commencing on the Lease Commencement Date and ending on the Lease Expiration Date.

  • Issuer Call Commencement Date means the first Business Day following the three year period from and including the Issue Date;

  • Amortization Commencement Date means the date on which an Amortization Event is deemed to occur pursuant to Section 20 hereof.

  • Construction Commencement Date means the date set out in the Addendum, if applicable, by which you must commence construction of the Hotel. For the Hotel to be considered under construction, youmust have begun to pour concrete foundations for the Hotel or otherwise satisfied any site-specific criteria for “under construction” set out in the Addendum.