Operating Term Commencement Date definition

Operating Term Commencement Date means the first day of the Operating Term.
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Operating Term Commencement Date means, in the event the Operating Term Condition is satisfied, the date immediately following the expiry of the Construction Term. For clarity, “Construction Term”, “Operating Term Commencement Date” and “Stabilization Date” are intentionally differentiated terms in this Lease;
Sample 1

Examples of Operating Term Commencement Date in a sentence

  • Consistent with the public pledge made by OVG, from the Charitable Funding Commitment Ten Million Dollars ($10,000,000) in cash or in-kind donations has been committed to YouthCare, a Washington corporation, over a twenty (20) year period commencing on the Operating Term Commencement Date pursuant to a separate written agreement to fund and support programs and services related to youth homelessness.

  • From the Operating Term Commencement Date and throughout the Term of the Lease Agreement, OVG shall secure and maintain insurance covering the Premises.

  • Such amount shall be payable in two installments of Seven Hundred Fifty Thousand Dollars ($750,000) each, with the first payment due upon commencement of construction, and the second payment due upon the Operating Term Commencement Date.

  • Beginning on the Lease Execution Date, the leased premises will be the area depicted on Exhibit A (applicable during the construction period), and beginning on the Operating Term Commencement Date (as defined herein), the leased premises and the specific boundaries of the Arena will be the respective area depicted on Exhibit B, each attached hereto and incorporated herein by reference (during each applicable period, the “Premises”).

  • Set forth on Exhibit M are exclusive arrangements pursuant to contractual arrangements with third parties existing as of the Effective Date that will continue beyond the Operating Term Commencement Date regarding the Seattle Center that also affect the Premises.

  • Prior to the Operating Term Commencement Date, Club, BSD, and their respective Representatives shall have the right of access to the Venue and all portions thereof for the following purposes: (a) conducting inspections for purposes of determining compliance with this Agreement; and (b) installation of any additional fixtures or equipment Approved by City and not included in the Venue Budget.

  • Until the Operating Term Commencement Date, the First Avenue North garage shall be excluded from the Premises, and the City shall retain operation of and revenues from the First Avenue North garage.

  • Effective as of the Operating Term Commencement Date, OVG shall either (a) assume from the City all of City’s rights and obligations pursuant to that certain Facility Use Agreement dated on or about July 18, 2017 by and between Force 10 Hoops, LLC (“Storm Tenant”) and the City (the “Existing Seattle Storm Lease”) or (b) enter into a new lease with Storm Tenant on terms and conditions negotiated between OVG and Storm Tenant (in which event the City will agree to terminate the Existing Seattle Storm Lease).

  • The Minimum Equity Requirement will thereafter be reduced and repaid, and any Stadium Completion Funds will be reduced and repaid, on a “straight-line amortized” basis over a period of twenty-seven (27) years, commencing upon the third anniversary of the Operating Term Commencement Date of the Retail Lease.

  • OSEG will not be entitled to the return of the Minimum Equity Requirement or any Stadium Completion Funds for a period of three (3) years from the Operating Term Commencement Date (as that term is defined in the Retail Lease) of the Retail Lease.

Related to Operating Term Commencement Date

  • Term Commencement Date shall be the later of (i) November 1, 2006 or (ii) the date on which Landlord’s Work is Substantially Complete (or the date on which Landlord’s Work would have been Substantially Complete absent Tenant Delay or Force Majeure (as defined below)); provided, however, that if the Term Commencement Date is not the first day of a calendar month, then the first lease year shall be extended through the last day of the calendar month in which the first 12-month period expires, and Rent for the additional period at the end of the first lease year shall be payable at the rate for the 12th month of the Term. “Force Majeure” means accident; breakage; repair; governmental regulation, moratorium or other governmental action. The “Term Expiration Date” shall be the day immediately preceding the seventh (7th) anniversary of the Term Commencement Date, provided that if such preceding day is not the last day of a calendar month, then the Term Expiration Date shall be the last date of the calendar month in which such preceding day occurs. Landlord and Tenant shall each execute and deliver to the other written acknowledgment of the actual Term Commencement Date and the Term Expiration Date when such are established, and shall attach it to this Lease as Exhibit B. Failure to execute and deliver such acknowledgment, however, shall not affect the Term Commencement Date or Landlord’s or Tenant’s liability hereunder. Failure by Tenant to obtain validation by any medical review board or other similar governmental licensing of the Premises required for the Permitted Use by Tenant shall not serve to extend the Term Commencement Date.

  • Benefit Commencement Date means, for any Participant or beneficiary, the date as of which the first benefit payment, including a single sum, from the Participant’s Account is due, other than pursuant to a withdrawal under Article VIII.

  • Loan Commencement Date means, with respect to each Loan, the first Business Day of the calendar month following the Funding Date of such Loan.

  • Commencement Date or Handover Date means the date on which the Licensed Space of first lot of stations as per Annexure 1 is handed over by DMRC to the Selected Bidder, in accordance with the terms of this agreement.

  • Rent Commencement Date means [Insert date or description] or any later date calculated in accordance with paragraph 3.3 of Part 5 of the Schedule;

  • Operational Period means a period starting with the date and time a Certificate is issued (or on a later date and time certain if stated in the Certificate) and ending with a date and time at which the Certificate expires or is earlier revoked.

  • 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.

  • Construction Commencement Date means the date set out in the Addendum, if applicable, by which you must commence construction of the Hotel. For the Hotel to be considered under construction, youmust have begun to pour concrete foundations for the Hotel or otherwise satisfied any site-specific criteria for “under construction” set out in the Addendum.

  • Term Start Date has the meaning set forth in Section 1.01.

  • Offering Commencement Date means the first day of each Offering Period.

  • Commencement Date means the date of this Agreement.

  • Accumulation Commencement Date means January 1, 2021, or such later date as the Calculation Agent on behalf of the Issuer determines in accordance with Section 2.11 hereof.

  • Distribution Commencement Date means the Issue Date or such other date as may be specified as the Distribution Commencement Date on the face of such Perpetual Security;

  • Payment Commencement Date means the date payments of amounts deferred begin pursuant to Article III, Section 6.

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

  • Project Commencement Date means the commencement date notified to the Minister pursuant to clause 4(1);

  • Service Commencement Date in respect of a Service or a particular instance of a Service means the date on which that particular Service or particular instance of a Service is first provided to the Customer, or as otherwise explicitly set out in this Agreement;

  • Billing Commencement Date means the earlier of:

  • Three-Month Term SOFR means the rate for Term SOFR for a tenor of three months that is published by the Term SOFR Administrator at the Reference Time for any interest period, as determined by the Calculation Agent after giving effect to the Three-Month Term SOFR Conventions. All percentages used in or resulting from any calculation of Three-Month Term SOFR shall be rounded, if necessary, to the nearest one-hundred-thousandth of a percentage point, with 0.000005% rounded up to 0.00001%.

  • Scheduled Commercial Operation Date shall have the meaning ascribed to it in Clause 5.4.1;

  • Offer Commencement Date means the date on which Purchaser commences the Offer, within the meaning of Rule 14d-2 under the Exchange Act.

  • Vesting Commencement Date means the Grant Date or such other date selected by the Committee as the date from which an Award begins to vest.

  • Lease Commencement Date has the meaning specified in Section 3.2 of the Master Lease.

  • Existing Termination Date as defined in Section 2.18.

  • Commercial Operation Date means the date on which a Material Project is substantially complete and commercially operable.

  • Applicable Anniversary of the Commencement Date means the fifth (5th) anniversary of the Commencement Date.