Option Space Commencement Date definition

Option Space Commencement Date means the date which is sixty (60) days after Tenant exercises its right to include the Option Space.
Sample 1
Option Space Commencement Date means 30 days following Landlord’s receipt of Tenant’s Notice (as defined below).
Sample 1
Option Space Commencement Date shall be the date on which Landlord delivers vacant and exclusive possession of the Applicable Option Space to Tenant free of all personal property and signage of any previous occupant of the Applicable Option Space, with electricity available thereto and free of any violations within Landlord’s control to remediate that would prevent Tenant from obtaining a permit for any improvements to the Applicable Option Space that are permitted under this Lease. Landlord and Tenant agree that any failure to have the Premises available to Tenant for its occupancy on the Scheduled Option Space Commencement Date shall in no way affect the validity of this Section 9 or the obligations of Tenant hereunder, nor shall the same be construed in any wise to extend the term of the Lease or impose any liability on Landlord; provided, however, that if the Option Space Commencement Date does not occur within 90 days of the Scheduled Option Space Commencement Date, then Tenant may revoke Tenant’s Option Response Notice with respect to such Applicable Option Space by notice given to Landlord and any time subsequent to such 901 day but prior to the occurrence of the Option Space Commencement Date. The provisions of this Section are intended to constitute “an express provision to the contrary” within the meaning of Section 223-a of the New York Real Property Law.
Sample 1

Examples of Option Space Commencement Date in a sentence

  • As soon as the Option Space Commencement Date is known, Landlord and Tenant shall execute a memorandum prepared by Landlord confirming the same within fifteen (15) days of written demand therefor, but any failure to execute such a memorandum shall not affect such dates as determined by Landlord.

  • Payment shall be made one-half upon execution of this Seventh Amendment and one-half upon the Tenth Expansion Option Space Commencement Date.

  • The modification shall become effective as of the first day of January following the date such written modification is received by the Committee.

  • Except as may be set forth in Section 3 of this Addendum No. 3, and except as to latent defects not reasonably discoverable upon initial inspection, Lessee accepts possession of the First Option Space in its “as is” condition existing on the First Option Space Commencement Date, without requiring any alterations, improvements, or decorations to be made by Lessor at Lessor’s expense.

  • Tenant shall have the one-time option (the “Option”) with respect to each of the 9th Floor Option Space and the 8th Floor Option Space to lease the Applicable Option Space for a term (the “Option Term”) commencing on the Option Space Commencement Date and expiring on the Expiration Date by giving notice thereof (the “Option Response Notice”) to Landlord not later than the fifteenth (15th) Business Day after the date that Landlord gives the Option Notice to Tenant.

  • It is presently anticipated that the First Option Space Commencement Date will occur on December 1, 2005.

  • Tenant's occupancy of the Expansion Option Space prior to the Expansion Option Space Commencement Date shall be subject to all the requirements of this Lease other than those requiring payment of Rent and shall be solely for purposes of performing construction in the Expansion Option Space and otherwise preparing for occupancy of the Expansion Option Space.

  • Landlord shall not be subject to any liability for any failure to give possession and the validity of this lease or this Article shall not be impaired under any circumstances but the Option Space Commencement Date shall be postponed until Landlord shall have delivered possession of the Option Space to Tenant.

  • No Occupancy Costs or Tax Costs shall be due or payable in respect of the Tenth Expansion Option Space during the interval between the Tenth Expansion option Space Delivery Date and the Tenth Expansion Option Space Commencement Date.

  • As of the Option Space Commencement Date, the Option Space shall be deemed to be part of the demised premises for all purposes of this Lease.


More Definitions of Option Space Commencement Date

Option Space Commencement Date means the date that is the later of June 30, 1996, or the substantial completion date of the Option Space.
Sample 1
Option Space Commencement Date shall have the meaning set forth in Section 36.6 hereof.
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Related to Option Space Commencement Date

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

  • Service Commencement Date means the date the Transmission Provider begins to provide service pursuant to the terms of an executed Service Agreement, or the date the Transmission Provider begins to provide service in accordance with Tariff, Part II, section 15.3 or Tariff, Part III, section 29.1.

  • Commencement Date means the date of this Agreement;

  • 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.

  • Rent Commencement Date means the Commencement Date.

  • Expansion Space means any space in the Building which, at any time during the Lease Term, is occupied by a Person other than Landlord under a written lease with Landlord, and the term “Tenant’s Expansion Space” means Expansion Space which Tenant has elected to lease as provided in this paragraph. Landlord agrees to notify Tenant promptly after Landlord learns that any Expansion Space is or will become available. Subject to the prior rights of other tenants to whom Landlord has granted substantially similar rights, Tenant has the option to lease any Expansion Space which Landlord notifies Tenant is or will become available. If Tenant gives Landlord notice of its exercise of this option within thirty (30) days after notification from Landlord of the availability of the Expansion Space and if no Event of Default exists when Tenant’s notice is given, this Lease will be deemed to be amended to include Tenant’s Expansion Space as part of the Premises for the remainder of the Lease Term upon all of the same terms contained in this Lease except that (i) the Rentable Area of the Premises will be amended to include Tenant’s Expansion Space; (ii) Tenant’s Share will be increased to include the rentable area of Tenant’s Expansion Space; (iii) the Term Commencement Date with respect to Tenant’s Expansion Space will be the earlier of sixty (60) days after the date on which Tenant’s Expansion Space becomes vacant and ready for occupancy (provided that date is at least sixty (60) days after Tenant exercises its option to lease the Expansion Space), or the date on which the Expansion Space is first occupied by Tenant; (iv) if Tenant’s Expansion Space contains a rentable area of 10,000 square feet or more, and if there are less than three (3) Lease Years remaining in the Lease Term, the Lease Term will be extended to include three (3) full years from the Term Commencement Date with respect to Tenant’s Expansion Space; and (v) subject to adjustment during each Fixed Rental Period as provided in Exhibit E, Basic Rent for each year of the remaining Lease Term (as it may be extended) will be the greater of (a) the Basic Rent last paid by the Person most recently occupying Tenant’s Expansion Space or (b) Market Rent determined as provided in the Rent Rider attached as Exhibit E. If Tenant exercises this option, Tenant’s Expansion Space will be leased to Tenant in its “as is” condition and Tenant will, at its expense and in compliance with the provisions of Section 7.06, design and construct all Improvements desired by Tenant for its use and occupancy. Landlord and Tenant agree to execute such amendments to this Lease and other instruments as either of them considers necessary or desirable to reflect Tenant’s exercise of this option.

  • 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.

  • Loan Commencement Date means, with respect to each Growth Capital Loan: (a) the first day of the first full calendar month following the Borrowing Date of such Loan if such Borrowing Date is not the first day of a month; or (b) the same day as the Borrowing Date if the Borrowing Date is the first day of a month.

  • Occupancy Date means the date on which occupancy of all Units in a Project is permitted;

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

  • Collocation Space means an area of space located in a building to be used by CLEC to house telecommunications equipment that is necessary for interconnection or access to UNEs. Additionally, roof or wall space used for wireless interconnection shall be included in the definition where applicable.

  • Storage Space means a space where goods of non-hazardous nature are stored and includes cold storage and banking safe vaults;

  • Date of Commencement means the date designated in the Notice to Proceed for Contractor to commence the Work.

  • Open space means undeveloped land, a naturally landscaped area, or a formal or man-made landscaped area that provides a connective link or a buffer between other resources.

  • 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.

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

  • Lease Term means the term of this Lease which shall commence on the Commencement Date and continue for the period specified in Section J of the Summary.

  • Recommencement Date As defined in Section 6(d) hereof.

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

  • 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.

  • Billing Commencement Date means the earlier of: