Term Commencement definition

Term Commencement. Initial Premises: February 1, 2000 Paragraph 2 Expansion Premises: The date on which Landlord delivers the Expansion Premises to Tenant pursuant to Paragraph 2.
Sample 1
Term Commencement. February 1, 1995, except April 1, 1995 for 366 "A" Lakeside Drive and July 1, 1996 for remainder of 342 Xxxxxxxx Xxxxx Xxse Rent: February 1, 1996 through June 30, 1996: $64,693.25 July 1, 1996 through January 31, 1997: $93,028.25 February 1, 1997 through January 31, 1998: $95,841.00 First Option Period: February 1, 1998 through January 31, 2000: $105,737.50 February 1, 2000 through January 31, 2002: $109,967.00 Tenant's Percentage Share: 342 Xxxxxxxx Xxxxx Through June 30, 1996: 12.79%; from July 1, 1996: 100% 322 Xxxxxxxx Xxxxx: 55.15% 324 Xxxxxxxx Xxxxx: 100.00% 366 Xxxxxxxx Xxxxx: 46.50% Landlord's Address for Notices: WCB Sixteen Limited Partnership c/o WCB Properties 393 Xxxxxxx Xxxx Xxxxx, Xxxxx 000 Xxxxxx Xxxx, XX 00000
Sample 1
Term Commencement. Date: October 1, 1997 Term Expiration Date: September 30, 2000 Fixed Rent: $480,500/year $40,041.67/month Special Provisions: Option to Extend - Article III Estimated Annual Tenant's Proportional Share of $45,880.00/year Common Area Maintenance $3,823.33/month (year ending 12/31/97):
Sample 1

Examples of Term Commencement in a sentence

  • Lessor is required to implement these hydrology maintenance and restoration requirements to the maximum extent technically feasible, prior to acceptance of the Space, (or not later than one year after the Lease Award Date or Lease Term Commencement Date, whichever is later, of a succeeding or superseding Lease).

  • Carrying costs are those costs of capital incurred for the delivery of TI, for the period starting from Lessor's outlay of funds, until the Lease Term Commencement Date.

  • Tenant has executed this Acknowledgment of Term Commencement Date and Term Expiration Date as of the date first written above.

  • The Lease Term Commencement Date, final measurement of the Premises, reconciliation of the annual rent, and amount of Commission Credit, if any, shall be memorialized by Lease Amendment.

  • If the Term Commencement Date is a date other than the first day of the calendar month, the Term shall be the number of months of the Length of Term in addition to the remainder of the calendar month following the Term Commencement Date.

  • On account of or based upon any work or thing whatsoever done (other than by Landlord or any of the Landlord Parties) at the Premises during the Term and during the period of time, if any, prior to the Term Commencement Date that any of the Tenant Parties may have been given access to the Premises.

  • Upon acceptance of these improvements, the Government will commence payment of the tenant improvement and/or BSAC rent as stipulated under the Lease, in addition to payment of the tenant improvement and/or BSAC rent for the period starting from the Lease Term Commencement Date to the date of tenant improvements/BSAC acceptance by the Government (such rent payment will not include any additional interest).

  • Landlord hereby leases to Tenant, and Tenant hereby leases from Landlord, the Premises upon and subject to terms and conditions of this Lease, for a term of years commencing on the Term Commencement Date and, unless earlier terminated or extended pursuant to the terms hereof, ending on the Expiration Date (the “Initial Term”; the Initial Term and any duly exercised Extension Terms are hereinafter collectively referred to as the “Term”).

  • The Building operating plan shall be in effect as of the Lease Term Commencement Date and shall include a schedule of startup and shutdown times for operation of each Building system, such as lighting, HVAC, and plumbing.

  • The Lease Term Commencement Date means the date on which the lease term commences.


More Definitions of Term Commencement

Term Commencement. Office Space: Paragraph 2 The later of (i) March 1, 1999 and (ii) the date that the Tenant Improvements are substantially completed (as defined in paragraph 7 of Exhibit C). --------- Warehouse Space: October 1, 1999 (the "Warehouse Commencement Date")
Sample 1

Related to Term Commencement

  • 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.

  • Loan Commencement Date means, with respect to each Growth Capital Loan: (a) the first day of the first full calendar month following the Borrowing Date of such Loan if such Borrowing Date is not the first day of a month; or (b) the same day as the Borrowing Date if the Borrowing Date is the first day of a month.

  • 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.

  • Rent Commencement Date means the Commencement Date.

  • 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.

  • Framework Commencement Date means [insert date dd/mm/yyyy];

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

  • Commencement Date means the date of this Agreement;

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

  • Service Commencement Date means the date the Transmission Provider begins to provide service pursuant to the terms of an executed Service Agreement, or the date the Transmission Provider begins to provide service in accordance with Tariff, Part II, section 15.3 or Tariff, Part III, section 29.1.

  • 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.

  • Date of Commencement means the date designated in the Notice to Proceed for Contractor to commence the Work.

  • 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.

  • Offer Commencement Date means the date on which Purchaser commences the Offer, within the meaning of Rule 14d-2 under the Exchange Act.

  • Services Commencement Date means the date delivery of the Services shall commence as specified in the Key Provisions. If no date is specified in the Key Provisions this date shall be the Commencement Date;

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

  • 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.

  • Applicable Anniversary of the Commencement Date means the fifth (5th) anniversary of the Commencement Date.

  • Distribution Commencement Date means the Issue Date or such other date as may be specified as the Distribution Commencement Date on the face of such Perpetual Security;

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

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

  • Amortization Commencement Date means the date on which an Amortization Event is deemed to occur pursuant to Section 20 hereof.

  • Term Start Date has the meaning set forth in Section 1.01.

  • Commencement of Commercial Production means the first occurrence of Commercial Production in an Area.

  • 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.