Lease Anniversary definition

Lease Anniversary refers to the anniversary of the Effective Date of the lease.
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Lease Anniversary shall refer to the anniversary during each year of the term of this Lease of the first day of the calendar month during which the Lease term hereunder commenced.
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Lease Anniversary means an anniversary of the Effective Date of this Lease.
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Examples of Lease Anniversary in a sentence

  • The final operating fee payment is due on the Lease Anniversary prior to the End Date.

  • Rent for the entire leased area for the next year and for each subsequent year is due on or before each Lease Anniversary through the year in which the COD occurs.

  • The capacity factor of 0.4 will remain in effect until the Lease Anniversary of the year in which the Lessor adjusts the capacity factor.

  • The Lessee must pay the operating fee for each subsequent year of Commercial Operations on or before each Lease Anniversary following the formula in subsection (4).

  • The rent for each year subsequent to the COD on the imputed portion of the lease not authorized for Commercial Operations is due on or before each Lease Anniversary.

  • The Lessee must pay the operating fee for each subsequent year of Commercial Operations on or before each Lease Anniversary following the formula in subsection (4) below.

  • Where:t =the year of Commercial Operations on the lease starting from each Lease Anniversary, where t equals 1 represents the year beginning on the Lease Anniversary prior to, or on, the COD.Ft =the dollar amount of the annual operating fee in year t.Mt =the nameplate capacity expressed in megawatts (MW) rounded to the nearest second decimal place in year t of Commercial Operations on the lease.

  • This initial payment will be prorated to reflect the period between the commencement of commercial operations and the Lease Anniversary.

  • The lessee would not be required to pay said amount if the lessee satisfied its bidding credit requirements but failed to develop the lease by the tenth Lease Anniversary.

  • This initial payment would be prorated to reflect the period between the commencement of commercial operations and the Lease Anniversary.

Related to Lease Anniversary

  • Anniversary Each anniversary of the Cut-off Date.

  • Policy Anniversary means the annual anniversary of the Date of Commencement of Risk;

  • 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.

  • Commencement Date means the date of this Agreement;

  • commencement day means the day on which the State Administrative Tribunal (Conferral of Jurisdiction) Amendment and Repeal Act 2004 Part 2 Division 29 comes into operation;

  • Date of Commencement means the date designated in the Notice to Proceed for Contractor to commence the Work.

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

  • Month means calendar month.

  • Start Date for Term Calculation Purposes Only: Regardless of actual award/effective date of Contract, for Agreement “term” calculation purposes only, the Agreement “start date” is the last day of the month that Award Notifications are anticipated as published in the Solicitation. Example: If the anticipated award date published in the Solicitation is August 27, 2020 but extended negotiations delay award until September 24, 2020 the end date of the resulting initial “two-year” term Agreement, (which is subject to an extension(s)) will still be August 31, 2022 in this example