Rent Commencement Date definition

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;

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Rent Commencement Date shall be the earlier of to occur of (i) the date of the Substantial Completion of Landlord’s Work, and (ii) the Certified Undelayed Completion Date. Upon request of Landlord, Tenant shall execute and deliver a written acknowledgment of the Commencement Date, the Rent Commencement Date and the expiration date of the Term when such are established in the form of the “Acknowledgement of Commencement Date” attached to this Lease as Exhibit D; provided, however, Tenant’s failure to execute and deliver such acknowledgment shall not affect Landlord’s rights hereunder. The “Term” of this Lease shall be the Base Term, as defined above on the first page of this Lease. Except as set forth in this Lease and the Work Letter: (i) other than latent defects reported by Tenant to Landlord in writing within 180 consecutive days after the Commencement Date, Landlord shall have no obligation for any defects in the Premises; and (ii) when Landlord’s Work is Substantially Complete, Tenant shall, subject to any punch list items, accept Landlord’s Work. For the period of 180 consecutive days after the Commencement Date, Landlord shall, at its sole cost and expense (which shall not constitute an Operating Expense), be responsible for any repairs that are required to be made to the Building or Building Systems (as defined in Section 13), unless Tenant was responsible for the cause of such repair, in which case Tenant shall pay the cost. Tenant agrees and acknowledges that neither Landlord nor any agent of Landlord has made any representation or warranty with respect to the condition of all or any portion of the Premises or the Project, and/or the suitability of the Premises or the Project for the conduct of Tenant’s business, and Tenant waives any implied warranty that the Premises or the Project are suitable for the Permitted Use. This Lease constitutes the complete agreement of Landlord and Tenant with respect to the subject matter hereof and supersedes any and all prior representations, inducements, promises, agreements, understandings and negotiations which are not contained herein. Landlord in executing this Lease does so in reliance upon Tenant’s representations, warranties, acknowledgments and agreements contained herein.

Rent Commencement Date means the Commencement Date.

Examples of Rent Commencement Date in a sentence

• The last day of the One Hundred Twenty-Third (123rd) Lease Month after the Rent Commencement Date.

• The Expansion Premises Construction Allowance must be used (that is, the Expansion Premises Improvements must be fully complete and the Expansion Premises Construction Allowance disbursed) within twelve (12) months following the EP Rent Commencement Date (the “Outside EPCA Disbursement Date”) or shall be deemed forfeited with no further obligation by Landlord with respect thereto, time being of the essence with respect thereto.

• For purposes of this Lease, the term “Lease Year” shall mean each consecutive twelve (12) month period during the Lease Term, commencing on the Rent Commencement Date.

• If the Rent Commencement Date is a day other than the first day of an Expense Year, or if this Lease terminates or expires on a day other than the last day of an Expense Year, then Additional Rent shall be prorated in the manner provided in Section 3.1 above.

• Notwithstanding the foregoing, Tenant’s obligations to pay Base Rent on the Expansion Premises shall not commence until the Rent Commencement Date.

More Definitions of Rent Commencement Date

Rent Commencement Date means, regarding each Property, the Completion Date.

Rent Commencement Date. As defined in Section 1.1.

Rent Commencement Date means the end of gestation period reckoned from the handing/taking over of the site (defined as Access Date) or the commencement of the business, whichever is earlier. In case the authority hands over less than 100% of the location, then rent charged from rent commencement date will be in proportion to the space handed over. When the authority hands over the remaining space to the vendor, the vendor will be given a gestation period as mentioned in RFQ/RFP/Tender Document after which (or till commencement of business, whichever is earlier), from the very next day or commencement of business, whichever is earlier, they will be charged rent for the remaining space. A handing over/taking over report is to be signed by the concessionaire with AAI on or before the commencement date.

Rent Commencement Date means March 1, 1997.

Rent Commencement Date means:

Rent Commencement Date shall have the meaning set forth in the Basic Lease Provisions.

Rent Commencement Date means the date that is six (6) months following the Commencement Date.