Rent Year means, with respect to the first (1st) Rent Year, the period that begins on the Additional Premises Commencement Date and ends on the last day of the calendar month preceding the month in which the first (1st) anniversary of the Additional Premises Commencement Date occurs; thereafter each succeeding Rent Year shall commence on the day following the end of the preceding Rent Year and shall extend for twelve (12) consecutive months; provided, however, the final Rent Year shall expire on the Additional Premises Expiration Date. If the Additional Premises Commencement Date is not the first day of a calendar month, then the Fixed Rent due for the partial month commencing on the Additional Premises Commencement Date shall be prorated based on the number of days in such month.
Rent Year means, with respect to the Expansion Premises, any twelve (12) month period during the Term of the Lease commencing as of the Expansion Premises Rent Commencement Date, or as of any anniversary of the Expansion Premises Rent Commencement Date, except that if the Expansion Premises Rent Commencement Date does not occur on the first day of a calendar month, then (i) the first Rent Year shall further include the partial calendar month in which the first anniversary of the Expansion Premises Commencement Date occurs, and (ii) the remaining Rent Years shall be the successive twelve-(12)-month periods following the end of such first Rent Year. After the Expansion Premises Commencement Date, Landlord and Tenant shall confirm the Expansion Premises Commencement Date, the Expansion Premises Rent Commencement Date and the Yearly Rent with respect to the Expansion Premises in the form attached hereto as Exhibit C (the “Expansion Premises Commencement Date Letter”).
Rent Year means each successive twelve (12) month period during the Lease Term commencing on the Rent Commencement Date.
Examples of Rent Year in a sentence
If Seller has received payments of percentage rent based on any Percentage Rent Year in which the date of Closing occurs, in excess of Seller’s share as calculated as set forth above in this Section 5.4.1(c), it shall promptly pay such excess to Purchaser.
For the first Rent Year, the "Per Case Value" shall be Three Dollars ($3.00).
Rent Schedule: Lease Year Annual Rent Monthly Rent Year 1 $1,591.32 $132.61Year 2 $1,639.08 $136.59Year 3 $1,688.28 $140.69Year 4 $1,738.92 $144.91 Year 5 $1,791.12 $149.26 Option Renewal Period: Year 1 $1,844.88 $153.74 Year 2 $1,898.28 $158.19 Year 3 $1,955.28 $162.94 Year 4 $2,013.96 $167.83 Year 5 $2,074.44 $172.87N.
Landlord may re-estimate Tenant’s Share of Taxes once per Rent Year and deliver a copy of the re-estimate to Tenant.
Landlord may re-estimate Tenant’s Share of Operating Costs once each Rent Year and deliver a copy of the re-estimate to Tenant.
More Definitions of Rent Year
Rent Year means the twelve (12) month period commencing on January 1st of each year and each succeeding 12-month period (or portion thereof) commencing on an anniversary of such date and included within the Term; provided, however, that the initial Rent Year shall commence on the Base Rent Commencement Date and expire on December 31st of such year.
Rent Year means, as to Rent Year 1, the period commencing on the Rent Commencement Date and ending on the last day of the twelfth (12th) full calendar month thereafter, and as to each subsequent Rent Year, the twelve (12) full calendar month period commencing after the expiration of the prior Rent Year, except that the last Rent Year under this Lease shall in any event end on the expiration of this Lease.
Rent Year means for (i) the initial rent year, the period commencing on the Approval Date (the “Base Rent Commencement Date”), and ending on the earlier of (A) the Opening Date and (B) the date that is thirty (30) months after the Approval Date (the “Initial Rent Period”), and (ii) each subsequent rent year, the period of twelve (12) consecutive months commencing on the expiration of the Initial Rent Period and each successive twelve (12) month period.
Rent Year. The first (1st) Rent Year shall be the period commencing on the Commencement Date and ending on July 31, 2019, and each subsequent Rent Year shall be each period of twelve (12) full calendar months after the last day of the prior Rent Year.
Rent Year shall be defined as a twelve-(12)-month period beginning on the Rent Commencement Date or an anniversary of the Rent Commencement Date, except that if the Rent Commencement Date does not fall on the first day of a calendar month, then the first Rent Year shall begin on the Rent Commencement Date and end on the last day of the month containing the first anniversary of the Rent Commencement Date, and each succeeding Rent Year shall begin on the day following the last clay of the prior Rent Year, and the Monthly Base Rent for the first month of such Rent Year shall be appropriately prorated.
Rent Year. The period commencing on the first day of the Term and ending with the day preceding the first anniversary of such day, and each twelve-month period thereafter measured from each anniversary date, except that if the period between the last such anniversary and the Expiration Date is less than twelve months, then the last Rent Year shall be such lesser period.