Examples of Phase III Commencement Date in a sentence
The Monthly Base Rent respecting the Phase III Premises shall commence on the date which is sixty (60) days following the Phase III Commencement Date and shall be determined, from time-to-time, in accordance with the terms of Section 1.1(8) of the Lease.
Notwithstanding anything to the contrary in the Lease (including, without limitation, Exhibit B, Paragraph 1) or this Second Amendment, Landlord shall delivery possession of the Phase II Premises to Tenant as of the Phase II Commencement Date, and Landlord shall delivery possession of the Phase III Premises to Tenant as of the Phase III Commencement Date.
No party shall be liable to the other parties for the termination of the Well Installation Agreement pursuant to this subsection, and each of the parties shall bear its respective costs and expenses incurred in seeking to satisfy the Phase III Commencement Date Conditions.
Tenant shall also have right to cancel the existing Lease between Landlord and Tenant pertaining to the Tenant’s lease of the approximately 3,000 square feet of space on the second floor on the south side of the building as of the Commencement Date of the Phase III Premises, and Tenant shall vacate the approximate 3,000 square feet within 30 days of the Phase III Commencement Date.
Tenant’s Share with respect to Operating Expenses other than those relating to insurance maintained by Landlord shall be 51% (subject to any adjustment to the Rentable Area in accordance with Section 2.1(b)) until the Phase II Commencement Date, adjusted to 74% (subject to any adjustment to the Rentable Area in accordance with Section 2.1(b)) as of the Phase II Commencement Date, and adjusted to 100% on the Phase III Commencement Date.
The Well Installation Agreement shall be effective on the Effective Date; however, the parties shall not be obligated to perform their obligations under the Well Installation Agreement until the Phase III Commencement Date, as further described in Section 3.3.1(B) of the Gas Agreement, has occurred.
This Cogeneration 2011 Amendment shall be effective on the Gas Agreement 2011 Amendment Date; however, the Parties shall not be obligated to perform their obligations under this Cogeneration 2011 Amendment until the Phase III Commencement Date, as further described in Section 3.3.1(B) of the Gas Agreement, has occurred.
The counties of Atlantic, Camden, Cape May, Cumberland, Gloucester, and Salem have specific concerns which create a need for a multifaceted transportation authority to deal with those concerns on a strictly regional basis.
Provided there is no default or event of default hereunder, Landlord shall advise Tenant in writing that the Required Amount shall be reduced on each anniversary of the Phase III Commencement Date by twenty percent of the Required Amount.
Expenses other than those relating to insurance maintained by Landlord shall be 51% (subject to any adjustment to the Rentable Area in accordance with Section 2.1(b)) until the Phase II Commencement Date, adjusted to 74% (subject to any adjustment to the Rentable Area in accordance with Section 2.1(b)) as of the Phase II Commencement Date, and adjusted to 100% on the Phase III Commencement Date.