Sublease Rent Commencement Date means April 27, 1996.
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.
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
Examples of Sublease Rent Commencement Date in a sentence
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.
Sublease Rent Commencement Date: The date that is one (1) month following the Sublease Commencement 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.
All bills for the Sublease Alterations must be submitted to Sublandlord within six (6) months after the Sublease Rent Commencement Date, and Sublandlord will make no further payments related to the Sublease Alterations after such six (6)-month period.
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 (25th) 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.
More Definitions of Sublease Rent Commencement Date
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."
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: 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.
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...
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
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 ...
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.
Sublease Rent Commencement Date means the date that is sixty (60) days from the Sublease Commencement Date; provided that Subtenant’s obligation to pay Additional Rent shall commence on the Sublease Commencement Date. On each anniversary of the Sublease Commencement Date, Sublease Monthly Rent shall increase by three percent (3%) throughout the