Original Lease Term definition

Original Lease Term is defined in Section 2.01(a).

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Original Lease Term means, with respect to a Property, the term of the original lease of the Company or an Affiliate of the Company relating to such Property, including all extensions thereof; and the term “Quarterly Net Rental Revenues” shall mean, with respect to a Property and a Revenue Share Period, the gross rental revenues received by the Company and its Affiliates during such Revenue Share Period from the lease of accommodation units at such Property, as determined in accordance with GAAP, net of any lease refunds during such Revenue Share Period as so determined.

Original Lease Term set forth in Section 1.1 of the Lease is hereby deleted in its entirety and the following definition is hereby substituted therefor: "Original Lease Term: Fifteen (15) Lease Years commencing on the Term Commencement Date and ending on the last day of the fifteenth Lease Year."

Examples of Original Lease Term in a sentence

• The “Lease Term,” as such term is used herein, means the Original Lease Term as extended (or as may be extended) pursuant to Section 2.02 below, unless sooner terminated as hereinafter set forth.

• Notwithstanding anything contained herein to the contrary, in no event shall the Lease Term hereof be extended for more than five (5) years after the expiration of the Original Lease Term hereof.

• Except as otherwise expressly provided herein, all of the terms and conditions of this Lease applicable to the Original Lease Term shall continue to apply during each Option Period.

• The term “Tenant Improvement Allowance” shall mean the results of calculating the number of months remaining on the Original Lease Term times $0.238095 times the square footage in the 4th floor Expansion Space.

• Landlord agrees that it shall be solely responsible for the payment of brokerage commissions to the broker, person or firm designated in Section 1.1 hereof in connection with the Original Lease Term.

• Original Lease Term: Ten (10) years and three (3) months commencing on the Substantial Completion Date.

• Landlord agrees that it shall be solely responsible for the payment of brokerage commissions to the broker, person or firm designated in Section 1.2 hereof in connection with the Original Lease Term.

• TO HAVE AND TO HOLD the Premises for the Original Lease Term, commencing on the Term Commencement Date, subject to the terms, covenants, agreements and conditions contained in this Lease.

• Tenant agrees to pay to Landlord, on the Rent Commencement Date, and thereafter monthly, in advance, on the first day of each and every calendar month during the Original Lease Term, a sum equal to one-twelfth (1/12th) of the Annual Fixed Rent specified in Section 1.1 hereof.

• Notwithstanding anything contained herein to the contrary, in no event shall Tenant have the right to exercise more than one extension option at a time and, further, Tenant shall not have the right to exercise its second extension option unless it has duly exercised its first extension option and in no event shall the Lease Term hereof be extended for more than ten (10) years after the expiration of the Original Lease Term hereof.

More Definitions of Original Lease Term

Original Lease Term as used in this Lease, shall mean six (6) years, and (b) the term "Expiration Date" shall mean six (6) years after the Commencement Date.

Original Lease Term means, unless this Lease Agreement is otherwise earlier terminated as provided herein, the period of time commencing on the Lease Commencement Date and terminating on the Original Lease Termination Date.

Original Lease Term as defined in Section 9(a) of the Lease Agreement shall apply accordingly to the term as detailed in this Section 3.3.

Original Lease Term. Ten (10) Lease Years commencing on the Term Commencement Date and ending on the last day of the tenth Lease Year.