Lease Commencement definition

Lease Commencement. Sublandlord shall make reasonable efforts to provide the Premises to Subtenant by October 1, 2010 and shall leave the Premises broom clean, in good order and condition. Sublandlord agrees to use its commercially reasonable efforts to work with Overlandlord and Archemix to obtain written agreement as to the specific dates for Archemix to vacate the Building, and Sublandlord agrees to negotiate in good faith with Subtenant if Sublandlord reasonably believes that Sublandlord will be able to deliver the Premises on a date that is prior to October 1, 2010. Time shall be of the essence with regard to the dates provided in this section. Base Rent: Rent shall be $49.00 NNN per rentable square foot. Rent Commencement: Upon delivery of the Premises. Operating Expenses, Insurance and (teal Estate Taxes: Subtenant will pay its proportionate share of the actual operating expenses. Subtenant reserves the right to review a projected operating expense budget prior to Sublease execution. The operating expenses are currently projected to be $13.68/rsf for Calendar Year 2010. Subtenant will pay its proportionate share of the real estate taxes. The real estate taxes are estimated to be $9.69/rsf for Fiscal Year 2010. Subtenant shall be responsible for paying for its utilities and for the cleaning of the Premises. The Premises are separately submetered for electric. Rental Abatement: None. Delivery Condition: Space will be delivered “as is,” broom clean, and in good order and condition.
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Lease Commencement. Date: December 1, 1993 or such earlier or later date as provided In Section 3 hereof ("Commencement Date").
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Lease Commencement. Date: July 1, 1997 Lease Termination Date: June 30, 2000 unless sooner terminated as herein provided. Annual Fixed Rent for the Lease Term: $185,079 per annum ($15,423.25/month) for each Lease Year during the Initial Lease Term which includes Tenant's electricity charge for the Leased Premises. As used in this Lease, Lease Year shall mean a period of twelve (12) calendar months, with the first Lease Year to commence upon the Lease Commencement Date and end upon the anniversary thereof, and with successive Lease Years continuing for twelve (12) month intervals thereafter until the Lease Termination Date. XXXXXX's Share of Base Operating Expenses Included in Annual Fixed Rent Those incurred during calendar year ending December 31, 1996, or $3.25 per square foot, whichever is higher. XXXXXX's Share of Real Estate Tax Expenses Included in Annual Fixed Rent $1.90 per rentable square foot of the Leased Premises. XXXXXX's Proportionate Share of Operating Expenses: 10.5% Percent XXXXXX's Proportionate Share of Real Estate Tax Expenses: 10.5% Percent Total Rentable Floor Area of the Building: approximately 103,455 rentable square feet, including fifteen (15) percent common area factor. Security Deposit: $92,539.50 - see Section 4
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Examples of Lease Commencement in a sentence

  • If any Rent payment date (including the Lease Commencement Date) falls on a day of the month other than the first day of such month or if any payment of Rent is for a period which is shorter than one month, the Rent for any fractional month shall accrue on a daily basis for the period from the date such payment is due to the end of such calendar month or to the end of the Lease Term at a rate per day which is equal to 1/365 of the applicable annual Rent.

  • Tenant shall deliver said policy or policies or certificates thereof to Landlord on or before the Lease Commencement Date and at least thirty (30) days before the expiration dates thereof.

  • If the Lease Commencement Date is other than the first day of the month, the first billing will contain a pro rata adjustment.

  • The term of this Lease (the "Lease Term") shall be as set forth in Section 3.1 of the Summary, shall commence on the date set forth in Section 3.2 of the Summary (the "Lease Commencement Date"), and shall terminate on the date set forth in Section 3.3 of the Summary (the "Lease Expiration Date") unless this Lease is sooner terminated as hereinafter provided.

  • Tenant shall deliver said policy or policies or certificates thereof to Landlord on or before the Lease Commencement Date and at least ten (10) days before the expiration dates thereof.


More Definitions of Lease Commencement

Lease Commencement. DATE: October 1, 1998 RENT COMMENCEMENT DATE: October 1, 1998 LEASE EXPIRATION DATE: September 30, 2000
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Lease Commencement means the date on which the Company occupies the Premises with its employees.
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Lease Commencement means the date on which a tenant, or a directly related entity, takes possession of eligible premises or the occupancy date for eligible premises agreed to in a lease or sublease by a tenant, whichever occurs first.
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Lease Commencement. [check one]: [X] Subject to completion of improvements. Landxxxx'x xurrent estimate of the substantial completion date is July 1, 1990. [ ] Comencement Date: __________________________________, 19__. [Landlord initials:____] [Tenant initials:____] SEE EXHIBIT C
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Lease Commencement. Each Lease shall commence on the date that all Conditions Precedent to the Lease have been met including acceptance of the Equipment by the Lessee.
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Lease Commencement. With regard to the second floor space (947 Fell Street), the Lease Commencement shall be February 1, 2015. With regard to the first floor space (949 Fell Street), the Lease Commencement shall be June 1, 2015.
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Lease Commencement. Date: July 1, 1995 Lease Expiration Date: June 30, 2005
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