Examples of Scheduled Rent Commencement Date in a sentence
Landlord and Tenant agree that, upon execution of this Amendment, the Premises shall be deemed to include the First Expansion Premises, and all provisions of the Lease relating to the Commencement Date, the Scheduled Rent Commencement Date and the Rent Commencement Date with respect to the 45 Xxxxxx Building shall apply to the First Expansion Premises.
Tenant agrees that in order to complete the Tenant Improvements in time for the Scheduled Rent Commencement Date, CIC will commence construction of Tenant Improvements before the Base Building Work has been Substantially Completed, provided that CIC shall not be required to commence construction of Tenant Improvements until the Base Building Work is sufficiently completed to the extent that it is practicable for CIC to commence construction of Tenant Improvements without additional cost or delay.
Tenant shall pay base rent in equal monthly installments in advance on the first day of each month during the term hereof, commencing on the Scheduled Rent Commencement Date, said rent to be prorated for portions of a calendar month at the beginning or end of said term, all payments to be made to Landlord or to such agent and at such place as Landlord shall from time to time in writing designate, the following being now so designated: c/o Nelson & Small, Inc., 212 Canco Road, Portland, Maine 04103.
If the Lease Term commences earlier or later than the Scheduled Rent Commencement Date, this Lease shall nevertheless expire on the Expiration Date, unless sooner terminated pursuant to the terms hereof.
The "Commencement Date" shall be the earlier to occur of (i) the Scheduled Rent Commencement Date set forth in the Basic Lease Information, (ii) the date on which Tenant has substantially completed the Tenant Improvements in accordance with the Work Letter, or (iii) the date upon which Tenant actually commences business in any portion of the Premises.
If Landlord delivers and Tenant accepts possession of the Premises and commences business operations on the Premises prior to the Scheduled Rent Commencement Date, the Lease Term shall commence on the date Tenant accepts possession and all of the terms, covenants and conditions of this Lease, including, without limitations, Tenant's obligations to pay the Monthly Rent and additional rent hereunder, shall commence as of such date.
If Landlord does not tender possession of Block One to Tenant on or before the Scheduled Rent Commencement Date (Block One) or Block Two by the Scheduled Rent Commencement Date (Block Two), for any reason whatsoever, Landlord shall not be liable for any damage thereby, and this Lease shall not be void or voidable thereby.
Provided that the Tenant is not then in material default under the provisions of this Lease, for the first twelve (12) months after the Scheduled Rent Commencement Date, the Tenant shall have the exclusive option to lease approximately 8,700 square feet of office space on the second floor of Building 24 at a Monthly Rent of fifty cents ($0.50) per square foot per month, plus a proportionate Tenant's Share of Real Property Taxes and Fuel Costs and Operating Expenses.
Notwithstanding anything to the contrary in Section 4.1, if Landlord's failure to deliver possession of the premises to Tenant on the Scheduled Rent Commencement Date results from Tenant's (or its agents' or employees') acts or omission, the Monthly Rent and additional rent payable by Tenant shall commence on the date when Landlord would have delivered possession of the Premises but for such acts or omissions.
The Tenant shall exercise this option by giving written notice to Landlord no less than thirty (30) days prior to the first anniversary of the Scheduled Rent Commencement Date.