Main Term definition

Main Term. Lease Year" Defined.

Main Term means the period beginning as of the Rent Commencement Date and, subject to the terms and conditions of this Lease, ending on the last day of the Fifteenth (15th) Rent Year.

Main Term means the period beginning as of the Rent Commencement Date and, subject to the terms and conditions of this Lease, ending on the last day of the Fifth (5th) Rent Year.

Examples of Main Term in a sentence

• On appeal to this Court, the parties offered competing interpretations of UCC § 9‐509(d)(1), which provides that a UCC‐3 termination statement is effective only if “the secured party of record authorizes the filing.” JPMorgan reasoned that it cannot have “authorize[d] the filing” of the UCC‐3 that identified the Main Term Loan UCC‐1 for termination because JPMorgan neither intended to terminate the security interest nor instructed anyone else to do so on its behalf.

• The Committee further argued that even if JPMorgan never intentionally instructed anyone to terminate the Main Term Loan UCC‐1, JPMorgan did literally “authorize[] the filing”—even if mistakenly—of a UCC‐3 termination statement that had that effect.In our prior certification opinion we recognized that this appeal presents two closely related questions.

• See Motors Liquidation Co., 777 F.3d at 105 (“[A]lthough JPMorgan never intended to terminate the Main Term Loan UCC-1, it authorized the filing of a UCC-3 termination statement that had that effect .

• Tenant shall occupy the Premises upon commencement of the Main Term and thereafter shall continuously occupy and use the Premises for the permitted use as set forth in clause (i) of the Fundamental Lease Provisions ("Permitted Use") and for no other purpose whatsoever without the prior written consent of Landlord.

• The commitment of the Initial Lenders under the Debt Commitment Letter expires upon the earliest of (1) three business days following the End Date (after giving effect to any applicable extension), (2) the closing date, (3) the closing of the Merger without the use of the Main Term Loan Facility, (4) the valid termination of the Merger Agreement prior to the closing of the Merger and (5) with respect to B.

More Definitions of Main Term

Main Term means the Main Term of this Lease as defined in Section 3.03.

Main Term means a period of one hundred forty-four (144) months commencing on the Commencement Date. If Landlord's Contractor constructs the Initial Leasehold Improvements:

Main Term shall have the meaning set forth in Section 1.A(4).

Main Term means the period commencing on the Rent Commencement Date and, subject to the provisions of Article 15 and the other terms and conditions of this Lease, continuing for the number of years specified in clause (a) of the Fundamental Lease Provisions.

Main Term means the period commencing on the Fourth Floor Commencement Date (i.e., October 1, 1997) and, subject to the provisions of Article 15 and the other terms and conditions of this Lease, continuing for seven (7) years and two (2) months, such that the Main Term shall expire at 11:59 p.m. on November 30, 2004.

Main Term means the period commencing on the Commencement Date and, subject to the provisions of Article 14 and the other terms and conditions of this Lease, continuing for the number of years specified in clause (a) of the Fundamental Lease Provisions.

Main Term means the period starting on the date Landlord delivers possession of the Premises to Tenant in accordance with Section 2.05 and, subject to the other terms and conditions of this Lease, continuing for a period as set forth under Fundamental Lease Provisions. “Lease Year” means each successive twelve (12) month period during the Term commencing with the first day of the month following the month in which the Main Term started. The Main Term shall expire on the last day of the month in which the day which is ten (10) years and nine (9) months after the commencement date of the Main Term falls. “Partial Lease Year” means (a) the period between the first day of the Main Term, if that date is not the first day of a calendar month, and the last day before the beginning of the first full Lease Year; and (b) if the Main Term ends on other than the last day of a full Lease Year, the period beginning on the first day following the end of the final Full Lease Year of the Term and ending on the last day of the Main Term. “Lease Year” means either a full Lease Year or Partial Lease Year, as applicable.