Rent Commencement. Date: October 1, 2002
Rent Commencement. The earlier of (i) two hundred forty (240) days after Landlord delivers Premises to Tenant as described in Section 4 or (ii) the date Tenant opens for business.
Rent Commencement. DATE The earlier to occur of (a) the 60/th/calendar day following the Commencement Date; and (b) the date Tenant physically occupies the Premises for purposes of commencing the conducting of its business operations therein. EXPIRATION DATE The day preceding the 7/th/ anniversary of the Commencement Date. TERM The period commencing on the Commencement Date and ending on the Expiration Date. PERMITTED USES Executive and general offices, including computer data and laboratory rooms and studio recording rooms, for the transaction of Tenant's business in keeping with Comparable Buildings. BASE YEAR Calendar year 2000. TENANT'S PROPORTIONATE SHARE 5.095%. AGREED AREA OF BUILDING 458,136 rentable square feet. AGREED AREA OF PREMISES 12/th/ Floor: 11,671 rentable square feet 13/th/ Floor: 11,671 rentable square feet Premises: 23,342 rentable square feet FIXED RENT Period Per Annum Per Month ------ --------- ---------- Months 1-42 $1,120,416.00 $93,368.00 Months 43-84 $1,190,442.00 $99,203.50 ADDITIONAL RENT All sums other than Fixed Rent payable by Tenant to Landlord under this Lease, including Tenant's Tax Payment, Tenant's Operating Payment, late charges, overtime or excess service charges, damages, and interest and other costs related to Tenant's failure to perform any of its obligations under this Lease. RENT Fixed Rent and Additional Rent, collectively. ADVANCE RENT $93,368.00 (which shall be applied toward Fixed Rent for the first month of the Term) INTEREST RATE The lesser of (i) 4% per annum above the then- current Base Rate, or (ii) the maximum rate permitted by applicable law. SECURITY DEPOSIT $93,368.00. TENANT'S ADDRESS FOR NOTICES CMGI, Inc. 000 Xxxxxxxxxx Xxxxxx Xxxxxxx, Xxxxxxxxxxxxx 00000 Attn: General Counsel Copies to: Xxxx and Xxxx LLP 00 Xxxxx Xxxxxx Xxxxxx, Xxxxxxxxxxxxx 00000 Attn: Xxxxxx Xxxxxxx, Esq. LANDLORD'S ADDRESS FOR NOTICES TST 555/575, L.L.C. c/o Tishman Speyer Properties, L.P. 000 Xxxxxxx Xxxxxx, Xxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn: Chief Financial Officer Copies to: TST 555/575 Market, L.L.C. c/o Tishman Speyer Properties, L.P. 000 Xxxxxx Xxxxxx, 00xx Xxxxx Xxx Xxxxxxxxx, Xxxxxxxxxx 00000 Attn: Property Manager and: Tishman Speyer Properties, L.P. 000 Xxxxxxx Xxxxxx, Xxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn: General Counsel TENANT'S BROKER Xxxxxxx Realty Corporation and CRF Partners, Inc. LANDLORD'S AGENT Tishman Speyer Properties, L.P. or any other person designated at any time and from time to time by Landlord as Landlord...
Examples of Rent Commencement in a sentence
Nothing herein contained shall be construed to delay or otherwise affect the Commencement Date or the Rent Commencement Date.
In such event, and provided such delay is not caused by the act or omission of Tenant, or Tenant’s principal, affiliate, contractor, employee, agent, licensee or invitee (a “Tenant Entity”), the Rent Commencement Date shall be extended day for day to reflect such delay.
Prior to the Rent Commencement Date, Tenant shall submit to Director a proposed list of such trade fixtures; said list may be subsequently amended during the term of this Lease to reflect any changes in said trade fixtures.
The Rent Commencement Date shall not be extended if City elects to reject any designs or layout proposals submitted.
The parties have agreed that this amount represents a reasonable approximation of the damages likely to be suffered by City in the event Tenant shall fail to open on or before the Rent Commencement Date.
More Definitions of Rent Commencement
Rent Commencement means, with respect to vacant space at a Property, the date upon which the Owner of such Property has provided to the Operating Partnership and the REIT satisfactory evidence that such vacant space is under lease to a tenant (other than the U.S. Post Office under the lease which may currently be in effect) and on terms acceptable to the Operating Partnership and the REIT (with such tenant being unaffiliated with the Owner) for an initial term of not less than three years and at an effective annual base rent, inclusive of CAM charges and other items commonly considered "additional rent" of not less than $108,000 over the term of the Lease, exclusive of renewal options, and such tenant has accepted the demised premises and is in occupancy and paying rent. Such evidence shall include, without limitation, the following items which shall be satisfactory to the REIT and the Operating Partnership in their sole discretion: (i) current tenant estoppel certifying as to the amount and location of space demised under the lease, that the tenant has accepted the premises and is in occupancy and paying rent, detailing the rent payable and any rent concessions or unfulfilled landlord construction obligations or allowances, the existence or non-existence of defaults, the term of the lease and any other matters reasonably required by the REIT or the Operating Partnership, (ii) a certificate of occupancy covering the entire vacant space, duly issued by applicable governmental authorities, and authorizing the use and occupancy by the tenant of the demised premises for the uses contemplated under the lease, (iii) final lien waivers from all contractors of all mechanics' or other lien rights associated with tenant improvements construction and (iv) a current report of title disclosing no mechanics' or other liens have been filed in connection with the construction of such tenant improvements.
Rent Commencement. Date: May 1, 2012.
Rent Commencement. For and with respect to each of the First Floor Premises, DATE(S) the Second Floor A Premises, the Second Floor B Premises, the Second Floor C Premises, the Third Floor Premises and the Fourth Floor Premises, the date which is 9 calendar months after the date on which Landlord delivers possession of the applicable Portion of the Premises to Tenant in accordance with the provisions of this Lease. EXPIRATION DATE The last day of the calendar month in which the day preceding the 15th anniversary of the Commencement Date occurs, or if the term of this Lease shall be extended in accordance with the provisions of Section 37 of this Lease, the last day of any renewal or extended term. TERM The period commencing on the Commencement Date and ending on the Expiration Date. PERMITTED USES Provide health club services and/or sports club services to the public, in a manner and fashion not materially different from those provided on the date of this Lease by the facility known as "The Reebok Sports Club" located at 160 Xxxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx, xxt never less than such other services as may be added to the foregoing facility from time-to-time during the Term (excepting only as permitted pursuant to the provisions of Section 36.2(k) of this Lease), and subject to the terms and provisions of this Lease, including Article 36 hereof and for no other purpose or purposes. BASE TAX YEAR The Tax Year commencing on July 1, 1997 and ending on June 30, 1998. BASE OPERATING The Computation Year commencing on January 1, 1997 and YEAR ending on December 31, 1997. TENANT'S AREA The aggregate number of rentable square feet contained in the Portion(s) of the Premises delivered to Tenant from time to time.
Rent Commencement. Upon Availability (February 1, 1997) RENTAL RATE: $22.00 per rentable square foot. TENANT IMPROVEMENT ALLOWANCE: $75,000. In addition Landlord shall restore millwork to Tenant's reasonable satisfaction. In furtherance of the provisions of Section 5 of the Settlement Agreement dated December 7, 1995, the work associated with the improvements to the Premises shall be performed and coordinated by Tenant. Tenant shall compute the cost and the value of such improvements and shall from time to time submit evidence of payment therefor to the Landlord. Within 10 business days of the receipt of each such evidence of payment, Landlord shall reimburse Tenant or the cost of such improvements in an amount equal to $75,000. TERM: Five (5) years (Not subject to cancellation option). TAX & OPERATING EXPENSE BASE YEAR: 1992. SUBLETTING & Exhibit B (see enclosure) of the Settlement Agreement ASSIGNMENT: shall amend Article XII of the Lease and will govern all space leased by Parametric including the BGS option space. CLEANING Exhibit D of the Lease shall be replaced by the SPECIFICATIONS: following cleaning specifications. Lavatories-Nightly: Sweep and wash floors using a disinfectant cleaner. Wash and polish all mirrors, shelves, brightwork and enameled surfaces. Wash and shine all flushometers, piping, and toilet seat hinges. Wash and wipe dry both sides of all toilet seats. Wash and disinfect all basins, bowls and urinals. Wipe down all tile walls, partitions, dispensers and receptacles. Change waste paper liners. Dust and clean all powder room fixtures. Empty and clean all paper towel and sanitary napkin receptacles. Remove wastepaper and refuse from the premises. Refill all toilet paper, paper towel, soap and sanitary napkin dispensers. Lavatories-Monthly: Machine scrub with brush all tile floors. Scrub and disinfect all tile walls and partitions. Dust and wash all ventilation grilles. Materials to be supplied by Landlord unless otherwise arranged with Janitronics. Office Areas-Nightly: Remove trash; replace liners as needed. Wash out trash baskets as needed. Remove fingerprints from doors, walls, light switches, etc. Vacuum all carpeting. Vacuum all floor mats. Damp mop all tile floors. Remove waste to designated area. Damp wipe all table tops to remove smudges and beverage stains - cafe/coffee stations. Remove carpet stains as needed - upon request (but will be proactive). Clean entrance door glass. Upon completion of work shut off all lights and secure doors.
Rent Commencement. The Lease Commencement date for each of the Phase 1 Leased Premises and Phase 2 Leased Premises, respectfully. Upon the execution and required approval(s) of the Sublease/Direct Lease.
Rent Commencement. Date” shall be the Effective Date.