Sublease Year means each succeeding twelve (12) calendar month period commencing on the date hereof.
Sublease Year means each period of twelve (12) full calendar months beginning on the first day of the month in which the Rent Commencement Date (defined below) occurs (“Commencement Month”) and ending on the last day of the twelfth (12th) month following the Commencement Month. However, the Expiration Date shall not change, and the last Sublease Year of the Sublease Term shall end on the Expiration Date, regardless of whether the last Sublease Year is thereby less than twelve (12) full calendar months.
Sublease Year is the twelve (12) month period commencing on the Commencement Date (as defined below) and each anniversary thereof during each year of the Term. The “Initial Term” commences on the first day of the month after the Sublessee’s receipt (i) of all licenses and other approvals from the State of Georgia required to operate the Facility and (ii) approval of this Sublease by the United States Department of Housing and Urban Development (the “Commencement Date”) and ends on the last day of the sixtieth (60th) full calendar month thereafter, and may be extended for one (1) separate renewal term of five (5) years (the “Renewal Term”) if: (a) at least one hundred eighty (180) days prior to the end of the Initial Term, Sublessee delivers to Sublessor the “Renewal Notice” indicating that Sublessee desires to exercise its right to extend this Sublease for the Renewal Term and (b) there is no then uncured Event of Default (i) as of the date Sublessor receives the Renewal Notice (the “Exercise Date”), or (ii) on the last day of the Initial Term and (c) Tenant and any Affiliate of Tenant that leases any additional facility from Landlord or Landlord’s Affiliates concurrently deliver appropriate Renewal Notice(s) exercising all renewal options for all such facilities. For purposes hereof, “Termination Date” shall mean the last day of the Initial Term or the Renewal Term (if any) or the earlier date on which this Sublease may be terminated as provided herein.
Examples of Sublease Year in a sentence
This rental rate is referred to as the “Annual Rent” and is subject to increase for each subsequent Sublease Year as provided herein.
Each successive Sublease Year shall mean the twelve (12) full calendar months occurring thereafter, provided that the last Sublease Year shall end on the Termination Date.
From and after October 1, 2024, to the expiration or earlier termination of this Sublease, SUBTENANT shall pay monthly, in advance, the following sums: for the first Sublease Year, the yearly rental shall be THREE HUNDRED THIRTY FIVE THOUSAND DOLLARS ($335,000.00) to be paid in twelve equal monthly installments commencing on the Commencement Date and continuing thereafter as provided herein.
The first Sublease Year shall commence on the Sublease Commencement Date and shall end on the date that is the last day of the 12th full calendar month thereafter.
More Definitions of Sublease Year
Sublease Year is the twelve (12) month period commencing on July 1, 2015 and each anniversary thereof during each year of the Term. The “Initial Term” commenced on July 1, 2015 (the “Commencement Date”) and ends on June 30, 2025 and may be extended for one (1) separate renewal term of five (5) years (the “Renewal Term”) if: (a) at least one hundred eighty (180) days prior to the end of the Initial Term, Sublessee delivers to Sublessor the “Renewal Notice” indicating that Sublessee desires to exercise its right to extend this Sublease for the Renewal Term and (b) there is no then uncured Event of Default (i) as of the date Sublessor receives the Renewal Notice (the “Exercise Date”), or (ii) on the last day of the Initial Term and (c) Tenant and any Affiliate of Tenant that leases any additional facility from Landlord or Landlord’s Affiliates concurrently deliver appropriate Renewal Notice(s) exercising all renewal options for all such facilities. For purposes hereof, “Termination Date” shall mean the last day of the Initial Term or the Renewal Term (if any) or the earlier date on which this Sublease may be terminated as provided herein and “Term” shall mean the Initial Term plus the Renewal Term (if any). HNZW//3583-1
Sublease Year means each consecutive twelve (12) month period from the Commencement Date. The first Sub
Sublease Year means the calendar year, or portion thereof, following the Commencement Date and during the Sublease Term, the whole or any part of which period is included within the Sublease Term.
Sublease Year means the twelve month period commencing on the Commencement Date or if such date is not the first day of the month, then on the first day of the month next following;
Sublease Year is the twelve (12) month period commencing on the Commencement Date (as defined below) and each anniversary thereof during each year of the Term. The “Initial Term” commences on 11:59 p.m. on September 30, 2015 (the “Commencement Date”) and ends on September 30, 2025.
Sublease Year means each twelve (12) month period commencing on the first day of the first full month following the Full Delivery Date. The first Sublease Year shall also include the number of days between the Full Delivery Date and the last day of the month in which the Full Delivery Date occurs.