Sublease Rent Commencement Date definition

Sublease Rent Commencement Date means April 27, 1996.
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Sublease Rent Commencement Date means the date on which the Sublease Alterations (as defined in Section 7 below) are substantially completed, but in no event later than May 1,2012.
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Sublease Rent Commencement Date means September 1, 2006. Beginning on the Sublease Rent Commencement Date, Subtenant shall pay Sublandlord, without notice or demand, as the “Basic Sublease Rent” (herein so called), an amount each month according to the following schedule: Annual Rentable rate of floor area Sublease of the Basic Rent Monthly Total amount of Subleased per square installment Sublease Basic Premises foot of of Basic Rent for this (in square rentable Sublease portion of the Portion of the Sublease Term feet) floor area Rent Sublease Term Sublease Rent Commencement Date through August 31, 2007 16,614 $ 14.75 $ 20,421.38 $ 245,056.56 09/01/07 – 08/31/08 16,614 $ 15.25 $ 21,113.63 $ 253,363.56 09/01/08 – 12/30/08 16,614 $ 15.75 $ 21,805.88 $ 87,223.52 The monthly installments of Basic Sublease Rent (together with all Florida sales tax or rental tax due on any payments made under this Sublease) with respect to the portion of the Sublease term
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Examples of Sublease Rent Commencement Date in a sentence

  • Provided that, as of the first day of the twenty-eighth (28th) month after the Sublease Rent Commencement Date, (the “ Reduction Date”), there has been no event of default beyond all applicable notice and cure periods, then the Security Deposit amount shall be reduced to One Hundred Fifty Thousand and 00/100 Dollars ($150,000.00) (the “Reduced Security Deposit Amount”) on such Reduction Date; provided that, in no event shall the Security Deposit amount be reduced below the Reduced Security Deposit Amount.

  • The Sublease Rent shall be payable in equal monthly installments, in advance, without setoff, offset or deduction for any reason, except if and to the extent expressly provided in this Sublease, on the twenty-fifth (25 ) day of each and every calendar month (so as to enable Sublessor to pay rent due under the Prime Lease by the first day of each and every calendar month) during the Sublease Term, with the first installment due and payable on the Sublease Rent Commencement Date.

  • If the Sublease Rent Commencement Date is not the first day of a calendar month, the first monthly installment of Fixed Rent shall be prorated based upon the number of days during the month from and after the Sublease Rent Commencement Date until and including the last day of the calendar month in which the Sublease Rent Commencement Date occurs.

  • If the Sublease Rent Commencement Date is not the first (1st) day of a month, or if the Sublease Expiration Date is not the last day of a month, a prorated installment of monthly Base Rental based on a thirty (30) day month shall be paid for the fractional month during which the Term commenced or terminated.

  • The first Lease Year for purposes of payment of Annual Rent shall commence on the Sublease Rent Commencement Date (defined below).

  • Promptly after the Sublease Commencement Date, the parties shall enter into an agreement confirming the Sublease Commencement Date, the Sublease Rent Commencement Date and the Sublease Termination Date.

  • Tenant shall pay to Landlord each full monthly installment of Fixed Rent in advance on or before the first day of each and every successive calendar month during the Term provided, however, the first monthly installment of Fixed Rent shall be payable on the Sublease Rent Commencement Date.


More Definitions of Sublease Rent Commencement Date

Sublease Rent Commencement Date means the date that is the earlier to occur of (i) the date that Sublessee, or any person occupying any of the Premises with Sublessee’s permission, commences business operations from the Premises or (ii) the date that is the one (1) year anniversary of the later to occur of (A) the Effective Date of this Sublease or (B) the date that Sublessor obtains Landlord’s consent with respect to this Sublease. Notwithstanding the foregoing to the contrary, Sublessee acknowledges that pursuant to the terms of the Primary Lease, Sublessor has the right to contract the Primary Leased Premises by the Premises on a date that is the later to occur of (i) the tenth (10th) anniversary of the Commencement Date of the Initial Premises (as defined in the First Amendment) Commencement Date (as defined in the Original Lease) and (ii) the tenth (10th) anniversary of the Ninth Floor Commencement (as defined in the First Amendment) (such later date being the “Contraction Date”). As of the Effective Date hereof, Sublessor estimates that the Contraction Date will occur on or about November 1, 2032, however, upon Sublessee’s written request following the Sublease Rent Commencement Date, Sublessor shall verify the actual date that the Contraction Date would occur if Sublessor exercises its contraction option. Notwithstanding the foregoing or anything else to the contrary herein, in no event shall the Contraction Date occur earlier than the seven-year anniversary of the Sublease Rent Commencement Date. In the event Sublessor exercises such contraction option with respect to the Premises and the Contraction Date will occur prior to the Expiration Date, then Sublessor shall provide written notice to Sublessee (which such written notice to Sublessee shall be delivered no later than thirty (30) days following the date that Sublessor delivered written notice to Landlord of its election to exercise such contraction option) and the Expiration Date shall be accelerated to be the day immediately preceding the Contraction Date. Promptly following the Sublease Commencement Date, but no more than ten (10) business days following such date, Sublessor may prepare and deliver to Sublessee a written certificate specifying only the actual Sublease Commencement Date and Expiration Date, which Sublessee shall acknowledge by executing a copy and returning it to Sublessor. If Sublessee fails to sign and return the certificate to Sublessor, or to notify Sublessor of Sublessee’s objection(s) to the form of c...
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Sublease Rent Commencement Date with respect to any Sublease Premises Portion, shall be the earlier of (x) the date on which Subtenant commences occupancy and use of such Sublease Premises Portion for the purpose of conducting Tenant’s business operations therein (as opposed to the construction of initial fit-up improvements) (the “Subtenant Actual Occupancy Date”), and (y) sixty (60) days following the Actual Delivery Date for such Sublease Premises Portion, subject to acceleration pursuant to Paragraph 2.D below.
Sample 1
Sublease Rent Commencement Date means July 1, 2017, provided if the Sublease Commencement Date is delayed beyond the Target Delivery Date, the Sublease Rent Commencement Date will be delayed by one day for each such day of delay. Commencing on the Sublease Commencement Date, and continuing on the first day of each month thereafter through the Sublease Expiration Date, Sublessee shall pay to Sublessor, in advance, without notice or demand, and without any set-off, counterclaim, abatement or deduction whatsoever, except as may be expressly set forth in this Sublease, in lawful money of the United States, by wire transfer of funds to Sublessor, base sublease rental (“Base Sublease Rent”) as follows: Lease Months Annual Base Sublease Rent Per Rentable Square Foot Base Sublease Rent Per Month Delivery Date – Sublease Rent Commencement Date* $0.00 $0.00 Rent Months 1 – 12 $46.66 $ 309,814.62 Rent Months 13 – 24 $47.66 $ 316,454.46 Rent Months 25 – 36 $48.66 $ 323,094.29 Rent Months 37 – 48 $49.66 $ 329,734.12 Rent Months 49 – 60 $50.66 $ 336,373.96 Rent Month 61-7/31/2022 (if applicable) $51.66 $ 343,013.79 * The month in which the Sublease Rent Commencement Date occurs is “Rent Month 1” for the purposes of the foregoing chart.
Sample 1
Sublease Rent Commencement Date means September 1, 2006. Beginning on the Sublease Rent Commencement Date, Subtenant shall pay Sublandlord, without notice or demand, as the “Basic Sublease Rent” (herein so called), an amount each month according to the following schedule: Annual Rentable rate of floor area Sublease of the Basic Rent Monthly Total amount of Subleased per square installment Sublease Basic Premises foot of of Basic Rent for this (in square rentable Sublease portion of the Portion of the Sublease Term feet) floor area Rent Sublease Term Sublease Rent Commencement Date through August 31, 2007 16,614 $ 14.75 $ 20,421.38 $ 245,056.56 09/01/07 – 08/31/08 16,614 $ 15.25 $ 21,113.63 $ 253,363.56 09/01/08 – 12/30/08 16,614 $ 15.75 $ 21,805.88 $ 87,223.52 The monthly installments of Basic Sublease Rent (together with all Florida sales tax or rental tax due on any payments made under this Sublease) with respect to the portion of the Sublease term from the Sublease Rent Commencement Date through the end of the sixth full calendar month the Sublease Term immediately following the Sublease Rent Commencement Date, shall be payable in advance without notice on June 15, 2006. The foregoing notwithstanding, the first three full months of the Basic Sublease Rent is hereby waived and fully abated by Sublandlord to Subtenant for the first three full calendar months following the Sublease Rent Commencement Date. The monthly installments of Basic Sublease Rent (together with all Florida sales tax or rental tax due on any payments made under this Sublease) with respect to the portion of the Sublease Term beginning with the seventh full calendar month following the Sublease Rent Commencement Date shall be payable on the first (1st) day of each calendar month throughout the Sublease Term. If the Sublease Rent Commencement Date is a date other than the first day of a calendar month, then the monthly installment of Basic Sublease Rent for the month in which the Sublease Rent Commencement Date occurs and shall be an amount equal to the applicable monthly installment set forth in the table above multiplied by a fraction, the numerator of which is the number of days from and including the Sublease Rent Commencement Date through the last day of the calendar month, and the denominator of which shall be the number of days in the calendar month in which the Sublease Rent Commencement Date occurs. If the Sublease Term ends on any date other than the last day of a calendar month, then the monthly installment ...
Sample 1
Sublease Rent Commencement Date is the date that is the earlier of: (i) the date that Sublessee first occupies any portion of the Premises to commence its business operations, or (ii) August 1, 2001. For the purposes hereof, Sublessor and Sublessee agree that the Premises consists of 31,620 square feet. The Base Rent for the Premises to be paid by Sublessee pursuant to this Sublease shall be paid according to the following schedule: Sublease Base Rent ------------------ Commencement Date Through June 30, 2002 $1.75 per sq. ft. per month NNN* July 1, 2002 Through June 30, 2003 $1.80 per sq. ft. per month NNN July 1, 2003 Through June 30, 2004 $1.85 per sq. ft. per month NNN *Net, Net, Net For the purposes of this Sublease, the Base Rent to be paid by Sublessee pursuant to the above-listed schedule during the period that begins on the Sublease Rent Commencement Date and ends on, and including, June 30, 2002, is referred to herein as the "COMMENCEMENT YEAR BASE RENT."
Sample 1
Sublease Rent Commencement Date with respect to any Sublease Premises Portion, shall be the earlier of (x) the date on which Subtenant commences occupancy and use of such Sublease Premises Portion for the purpose of conducting Tenant’s business operations therein (as opposed to the construction of initial fit-up improvements) (the “Subtenant Actual Occupancy Date”), and (y) the sixtieth (60th) day following the Actual Delivery Date for such Sublease Premises Portion, subject to acceleration pursuant to Paragraph 2.D below, provided that pursuant to Paragraph 2.D of the Sublease, the parties have agreed that each of the following Sublease Premises Portions will be delivered earlier than the original Target Sublease Delivery Date for such Sublease Premises Portion, specifically: (A) the Building 41 Premises will be delivered on November 21, 2003, (B) the Xxxxxxxx 00 Xxxx-0 Xxxxxxxx, xxx Xxxxxxxx 00 Xxxx-0 Premises and the Building 43 East-2 Premises will be delivered on December 15, 2003, (C) the Building 40, Floor 2 Premises will be delivered on January 30, 2004, and (D) the Building 43 East-1 Premises will be delivered March 1, 2004. Thus, assuming the dates set forth in (A) through (D) are the Actual Delivery Dates for the related Sublease Premises Portion, the Sublease Rent Commencement Date would be the earlier of (x) the Subtenant Actual Occupancy Date and (y) (A) December 15, 2003 for the Building 43 East-2 Premises, (B) December 27, 2003 for the Building 41 Premises, (C) January 30, 2004 for the Building 43 West-1 Premises and the Building 43 West-2 Premises, (D) February 28, 2004 for the Building 40, Floor 2 Premises, and (E) March 1, 2004 for the Building 43 East-1
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Related to Sublease Rent Commencement Date

  • 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;

  • Lease Commencement Date has the meaning specified in Section 3.2 of the Master Lease.

  • Commencement Date means the date of this Agreement.

  • Loan Commencement Date means, with respect to each Loan, the first Business Day of the calendar month following the Funding Date of such Loan.

  • 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.

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

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

  • 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.

  • Lease Term means the term of this Lease which shall commence on the Commencement Date and continue for the period specified in Section J of the Summary.

  • 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;

  • Lease Period means each of the consecutive periods throughout the Basic Term and any Renewal Term ending on a Lease Period Date, the first such period commencing on and including the Delivery Date.

  • Lease Year means each consecutive twelve-month period beginning with the Commencement Date, except that if the Commencement Date is not the first day of a calendar month, then the first Lease Year shall be the period from the Commencement Date through the final day of the twelve months after the first day of the following month, and each subsequent Lease Year shall be the twelve months following the prior Lease Year.

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

  • 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.

  • Benefit Commencement Date means, for any Participant or beneficiary, the date as of which the first benefit payment, including a single sum, from the Participant’s Account is due, other than pursuant to a withdrawal under Article VIII.

  • 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.

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

  • 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.

  • 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.

  • Commencement Date or Handover Date means the date on which the Licensed Space of first lot of stations as per Annexure 1 is handed over by DMRC to the Selected Bidder, in accordance with the terms of this agreement.

  • Service Commencement Date in respect of a Service or a particular instance of a Service means the date on which that particular Service or particular instance of a Service is first provided to the Customer, or as otherwise explicitly set out in this Agreement;

  • 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.

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

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

  • Base Rent As defined in Section 3.1.