Lease Year definition

Lease Year means each consecutive twelve-month period beginning with the Commencement Date, except that if the Commencement Date is not the first day of a calendar month, then the first Lease Year shall be the period from the Commencement Date through the final day of the twelve months after the first day of the following month, and each subsequent Lease Year shall be the twelve months following the prior Lease Year.

Lease Year means the twelve (12) month period commencing on the Commencement Date and each successive twelve (12) month period thereafter.

Lease Year means each twelve-month period during the term of the Lease commencing upon the effective date of the Lease.

Examples of Lease Year in a sentence

• Tenant shall, upon Lxxxxxxx’s request, from time to time but not more frequently than one time per Lease Year, provide Landlord with a list of the material Operating Property located at the Leased Property.

• The term of this Sublease (the “Term”) shall commence on the Effective Date (also referred to herein as the “Commencement Date”) and shall expire on the last day of the fourth (4th) Lease Year (the “Expiration Date”).

• The phrase “subject to CPI Increase” means with respect any monetary amount and any Lease Year, the product of (a) such monetary amount and (b) the CPI Increase for such Lease Year.

• The term “Lease Year” as used in this Lease refers to the period from the Rent Commencement Date to the Saturday nearest the second succeeding January 31st; to each successive twelve (12) month period thereafter ending on the Saturday nearest January 31st; and if this Lease expires or terminates on a date other than the Saturday nearest a January 31st then to the period beginning at the end of the last preceding Lease Year and ending on the date of expiration or termination.

• If the first Lease Year is more than 12 calendar months under Section 1.3 (a) above, annual Base Rent for such first Lease Year shall be increased to reflect the fact that the [*****] monthly payments shall be made each month during the first Lease year.

More Definitions of Lease Year

Lease Year means any Fiscal Year during the Term and any partial Fiscal Year at the beginning or end of the Term.

Lease Year means, with respect to the first Lease Year, the period commencing on the Commencement Date and ending at midnight on the last day of the twelfth (12th) consecutive calendar month following the month in which the Commencement Date occurred, and each succeeding twelve (12) month period during the Term.

Lease Year means a period of twelve (12) consecutive full calendar months with the first Lease Year commencing on the date of the commencement of the term of this Lease and each succeeding Lease Year commencing upon the anniversary date of the first Lease Year; however, if this Lease does not commence on the first day of a month, then, the first Lease Year and each succeeding Lease Year shall commence on the first day of the first month following each anniversary date of this Lease;

Lease Year means each consecutive twelve (12) month period during the Lease Term. At any time during the Lease Term, Landlord may deliver to Tenant a notice in the form as set forth in Exhibit C, attached hereto, as a confirmation only of the information set forth therein, which Tenant shall execute and return to Landlord within five (5) days of receipt thereof.

Lease Year means each one (1) year period following the Effective Date and each anniversary of the Effective Date.

Lease Year means a year of the Lease Term. The first Lease Year will commence on the Commencement Date and will end on the expiration of the twelfth full calendar month following thereafter. Each subsequent Lease Year will commence on the next day following the expiration of the preceding Lease Year and will end on the expiration of the twelfth full calendar month following thereafter or on the last day of the Lease Term, whichever occurs first.

Lease Year means a period of twelve consecutive calendar months. The first Lease Year during the term hereof shall commence on the first day of the first February following the Rent Commencement Date. Each subsequent Lease Year shall begin on the anniversary of the first Lease Year.