Premises Commencement Date definition

Premises Commencement Date means August 1, 2017 provided that “Landlord’s Work”, as hereinafter defined, has been substantially completed on or before such date and Landlord has given Tenant not less than five (5) business days advance notice thereof.
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Premises Commencement Date. The later of (i) the date when Landlord delivers the Phase III Premises to Tenant in its as-is condition and free and clear of all tenants and occupants and (ii) Estimated Phase II and Phase III Premises Commencement Date. Rent Commencement Dates: Existing Premises Rent Commencement Date (except for the Delayed Portion of the Existing Premises): November 1, 2015 Delayed Portion of the Existing Premises Rent Commencement Date: The date that is three (3) months following the Delayed Portion of the Existing Premises Commencement Date, subject to Section 5.1(B). Phase I Premises Rent Commencement Date: April 21, 2016, subject to the rent credit set forth in Section 16.44 below.
Sample 1
Premises Commencement Date. The earlier of: (i) the date Landlord has Substantially Completed Tenant's Finish Work with respect to the Phase 3 Premises, or (ii) the date Landlord would have Substantially Completed Tenant's Finish Work with respect to the Phase 3 Premises, but for a Tenant Delay. Notwithstanding anything to the contrary contained in this Lease, in no event shall the Phase 3 Premises Commencement Date occur prior to the one (1) year anniversary of the Phase 2 Premises Commencement Date. (9) Basic Rent: From the Commencement Date until the day immediately preceding the Phase 2 Premises Commencement Date, $2,908,417.50 per annum due and payable, in advance, on the first day of each month in equal monthly installments of $242,368.13 per month for the Phase 1 Premises (other than the Storage Shed), and $34,992.00 per annum due and payable, in advance, on the first day of each month in equal monthly installments of $2,916.00 per month for the Storage Shed. From the Phase 2 Premises Commencement Date until the day immediately preceding the Phase 3 Premises Commencement Date, $3,401,505.00 per annum due and payable, in advance, on the first day of each month in equal monthly installments of $283,458.75 per month for the Phase 1 Premises and the Phase 2 Premises (other than the Storage Shed), and $34,992.00 per annum due and payable, in advance, on the first day of each month in equal monthly installments of $2,916.00 per month for the Storage Shed. From the Phase 3 Premises Commencement Date until the day immediately preceding the fifth (5th) anniversary of the Commencement Date, $3,895,785.00 per annum due and payable, in advance, on the first day of each month in equal monthly installments of $324,648.75 per month for the entire Premises (other than the Storage Shed), and $34,992.00 per annum due and payable, in advance, on the first day of each month in equal monthly installments of $2,916.00 per month for the Storage Shed.
Sample 1

Examples of Premises Commencement Date in a sentence

  • In addition to the Original Premises, commencing on the Expansion Premises Commencement Date (as defined below), Landlord leases to Tenant, and Tenant leases from Landlord, the Expansion Premises.

  • In addition to the Existing Premises, commencing on the Second Expansion Premises Commencement Date (as defined below), Landlord leases to Tenant, and Tenant leases from Landlord, the Second Expansion Premises.

  • During any period that Tenant shall enter the Additional Premises prior to the Additional Premises Commencement Date to perform Work under Exhibit B hereto, or to install telecommunications and computer cabling, equipment and furniture, Tenant shall comply with all terms and provisions of the Lease, except that the Additional Premises Commencement Date shall not occur based on such early possession for such purposes.

  • Tenant shall use commercially reasonable efforts to cause Tenant’s Planners to prepare the Approved Plans, and to cause Tenant’s Contractors to obtain permits or other approvals, diligently commence and prosecute the Work to completion, and obtain any inspections and occupancy certificates for Tenant’s occupancy of the Premises by the Additional Premises Commencement Date set forth in the Lease Document.

  • The RFO Premises Commencement Date shall be the later of: (x) the RFO Premises Commencement Date as set forth in Landlord’s RFO Notice, or (y) the date that Landlord delivers the RFO Premises to Tenant in the condition set forth in subparagraph (d) below.

  • On the Additional Premises Commencement Date, the Additional Premises shall be added to the Premises under the Lease, and all terms and conditions then or thereafter in effect under the Lease shall apply to the Additional Premises, except as provided to the contrary herein.

  • The “Additional Premises Rent Commencement Date” shall be the Additional Premises Commencement Date.

  • Effective as of the New Premises Commencement Date, Tenant shall release any claims that it may have against Landlord with respect to any matters arising under the Lease relating to the Original Premises, other than claims that may arise for indemnification with respect to injury to persons or property occurring thereon prior to or on the New Premises Commencement Date.

  • Landlord shall use reasonable efforts to deliver (“Delivery” or “Deliver”) the Expansion Premises to Tenant on or before the Target Expansion Premises Commencement Date.

  • Once the Expansion Premises Commencement Date is known Landlord will provide to Tenant a letter confirming the schedule for payment of Monthly Base Rent for the remainder of the Term of the Lease.


More Definitions of Premises Commencement Date

Premises Commencement Date means September 1, 2007. As used herein, the phrase “Suite B Premises Rent Commencement Date” shall mean the date that is one (1) month after the Suite B Premises Commencement Date. Notwithstanding anything in the Lease to the contrary, effective on and after the Suite B Premises Commencement Date, the word “Premises,” whenever such word appears in the Lease as amended by this Second Amendment shall mean, collectively, the Original Premises, the First Amendment Premises and the Suite B Premises.
Sample 1

Related to Premises Commencement Date

  • Commencement Date means the date of this Agreement;

  • Lease Commencement Date means the Closing Date. The “Lease Expiration Date” shall mean the later of (i) the date of the final payment in full of the French Advances and (ii) the Vehicle Lease Expiration Date for the last Lease Vehicle leased by the Lessee hereunder. The “Term” of this Agreement shall mean the period commencing on the Lease Commencement Date and ending on the Lease Expiration Date.

  • 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.

  • 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;

  • 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.

  • 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.

  • 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.

  • Services Commencement Date means the date delivery of the Services shall commence as specified in the Key Provisions. If no date is specified in the Key Provisions this date shall be the Commencement Date;

  • Policy Commencement Date means the date of commencement of the Policy as specified in the Schedule.

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

  • Billing Commencement Date means the earlier of:

  • 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.

  • Framework Commencement Date means [insert date dd/mm/yyyy];

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

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

  • 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.

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

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

  • 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.

  • commencement day means the day on which the State Administrative Tribunal (Conferral of Jurisdiction) Amendment and Repeal Act 2004 Part 2 Division 29 comes into operation;

  • Pay Out Commencement Date means the date on which a Trust Pay Out Event is deemed to occur pursuant to Section 9.01 of the Agreement or a Series 2001-D Pay Out Event is deemed to occur pursuant to Section 7 hereof.

  • 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.

  • 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;

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

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