Sublease Year definition

Sublease Year means each succeeding twelve (12) calendar month period commencing on the date hereof.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

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 October 1, 2015 (the “Commencement Date”) and ends on the last day of the one hundred twentieth (120th) full calendar month thereafter, and may be extended for two (2) separate renewal terms of five (5) years each (each a “Renewal Term”) if: (a) at least one hundred eighty (180) days prior to the end of the Initial Term or the first Renewal Term, as applicable, Sublessee delivers to Sublessor the “Renewal Notice” indicating that Sublessee desires to exercise its right to extend this Sublease for a 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 or the first Renewal Term, as applicable, and (c) Tenant and any Affiliate of Tenant that leases any additional facility from Landlord or Landlord’s Affiliates (hereinafter such leases are referred to as “Related Leases”) concurrently deliver appropriate Renewal Notice(s) exercising all renewal options for all such facilities. For HNZW/505063_5.doc/3583-1

Sublease Year means a period of twelve (12) consecutive months, commencing on the Sublease Commencement Date, and each successive twelve (12) month

Examples of Sublease Year in a sentence

If Sublessee shall for any reason remain in possession of the Premises after the Termination Date, such possession shall be a month-to-month tenancy during which time Sublessee shall pay as rental on the first (1st) business day of each month one hundred twenty-five percent (125%) of the monthly Rent payable with respect to the last Sublease Year, all additional charges accruing during the month and all other sums, if any, payable by Sublessee pursuant to this Sublease.
If deposits are in excess of the actual obligation, the required monthly deposits for the ensuing Sublease Year shall be reduced proportionately and any such excess at the end of the final Sublease Year shall be refunded to Sublessee within thirty calendar (30) days.
If deposits are in excess of the actual obligation, the required monthly deposits for the ensuing Sublease Year shall be reduced proportionately and any such excess at the end of the final Sublease Year shall be refunded to Sublessee within ten (10) calendar days.
During the first Sublease Year of each Renewal Term, Base Rent shall be reset in an amount equal to the Reset Rent.
For each Sublease Year thereafter during the applicable Renewal Term, Base Rent shall be equal to the Base Rent paid during the preceding Sublease Year plus the Base Rent Escalator.

More Definitions of Sublease Year

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.

Sublease Year means each twelve (12) month period during the Term beginning on the first day of the month coincident with or next following the Rent Commencement Date and each subsequent anniversary thereof; provided, that the last Sublease Year of the Term shall end on the Termination Date and if the Rent Commencement Date is not the first day of a calendar month, the period between the Rent Commencement Date and the first day of the next calendar month shall be included in the first Sublease Year.

Sublease Year means, initially, from the commencement of this Sublease through the succeeding June 30, and, thereafter, means the twelve-month period of each year commencing on July 1 and ending on the next June 30.

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 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 means each succeeding one year period commencing on the date hereof.

Sublease Year means a period of twelve (12) consecutive full calendar months, the first Sublease Year beginning on the Commencement Date of the Term hereof. Each succeeding Sublease Year shall commence upon the anniversary date of the first Sublease Year;