Lease Years definition

Lease Years means successive periods of twelve (12) full calendar months, beginning on the Commencement Date. If the Commencement Date is not the first day of a month, then the first Lease Year also includes the partial month in which the Commencement Date occurs.

Lease Years. (defined below) after the Commencement Date unless sooner terminated as herein provided (including any option terms, the "TERM"). If Landlord gives and Tenant accepts possession prior to the Commencement Date, such occupancy shall be subject to all the terms and conditions of this Lease and rent and other charges shall be prorated to the date that Tenant takes possession of the Premises.

Lease Years as set forth in Section 4, Rent, shall be deleted and shall be replaced with the following: "During the first five (5) lease years (the "First Five Lease Years"), Tenant shall pay Landlord monthly rent (the "Monthly Rent") as follows: MONTHS PER MONTH 1 through 60 $4,326.83"

Examples of Lease Years in a sentence

• For purposes of calculating City’s damages comprising Base Rent based on Gross Revenues, that amount will be computed by determining the highest Base Rent accruing in any Lease Year during the immediately preceding three Lease Years or such shorter period if the Term prior to termination was less than three Lease Years.

• Failure to pay the First Lease Year's Rent at the time of lease execution will result in the cancellation of the lease and forfeiture of all money paid.Following the First Lease Year, a Lease Year will be March 1st – February 28th and Rent for the Lease Year will be payable annually, in advance, on or before the first day of March.

• Landlord's delay in submitting any statement contemplated herein for any Lease Year shall not affect the provisions of this Paragraph, nor constitute a waiver of Landlord's rights as set forth herein for said Lease Year or any subsequent Lease Years during the Lease Term or any extensions thereof.

• Thereafter, for the first seven (7) Lease Years, Rent shall be payable by Tenant in consecutive monthly installments equal to one-twelfth (1/12th) of the Rent amount for the applicable Lease Year on the first (1st) day of each calendar month (or the immediately preceding Business Day if the first (1st) day of the month is not a Business Day), in advance for such calendar month, during that Lease Year.

• Failure to pay the First Lease Year's Rent at the time of lease execution will result in the cancellation of the lease and forfeiture of all money paid.

More Definitions of Lease Years

Lease Years means the consecutive twelve (12) month periods commencing with the Commencement Date or, if the Commencement Date falls other than on the first day of a calendar month, then commencing the first day of the first calendar month following the Commencement Date. The fraction of the month (if any) following the Commencement Date and prior to the commencement of the first Lease Year shall be deemed to be part of the first Lease Year. If Landlord employs fiscal years not constituting calendar years, the term “calendar years” shall be deemed, at Landlord’s election, to mean the consecutive twelve (12) month periods comprising Landlord’s fiscal years.

Lease Years means more than one (1) Lease Year. A "Partial Lease Year" means if the Completion Date is a date other than November 1, then the period from the Completion Date to the first day of the first Lease Year. Unless otherwise expressly provided for herein, all terms and conditions herein shall apply the same to a Partial Lease Year as to a Lease Year; provided, however, that all payments and other financial obligations shall be apportioned or prorated pursuant to Section 31.7 hereof.

Lease Years as used therein shall be a period of twelve (12) successive calendar months, except that if the term commences on a day other than the first day of the calendar month, then the initial fractional month together with the next succeeding twelve (12) calendar months shall constitute the first Lease Year. The term of this Lease shall commence upon the earliest of the following occurrences ("Commencement Date"):

Lease Years means each twelve (12) month period beginning on the first day of the calendar month immediately following the month in which the Commencement Date occurs and each twelve (12) month period thereafter beginning on the anniversary of the first day of the calendar month immediately following the month in which the Commencement Date occurs provided, however, the first “Lease Year” shall include the number of days from the Commencement Date through the last day of the calendar month in which the Commencement Date occurs.

Lease Years is defined in Article 2, which also sets forth the calculation thereof.

Lease Years. (as defined herein) (the “Initial Term”). OPTION TERM(S): Four (4) Option Terms of five (5) Lease Years each (each, an “Option Term”). The Initial Term of this Lease, and any Option Term(s) that have been exercised by Tenant, are sometimes herein referred to as the “Term”.

Lease Years means successive periods of twelve (12) full calendar months, beginning on the Commencement Date. If the Commencement Date is not the fast day of a month, then the first Lease Year also includes the partial month in which the Commencement Date occurs.