Beginning on the Commencement Date Clause Samples
The 'Beginning on the Commencement Date' clause establishes the specific point in time when the rights, obligations, or terms outlined in the agreement become effective. Typically, this clause clarifies that all contractual duties, such as payment schedules, service delivery, or lease periods, start from the agreed-upon commencement date, which may be a fixed calendar date or triggered by a particular event. Its core practical function is to ensure both parties have a clear and mutual understanding of when their responsibilities under the contract begin, thereby preventing disputes over timing and performance expectations.
Beginning on the Commencement Date. Tenant agrees to pay the Rent set forth in Section 1(K) to the Payee specified in Section 1(L),at the address specified in Section 1(M), or to such other payee (which shall be the Landlord or its nominee) or at such other address as may be designated by notice in writing from Landlord to Tenant, without prior demand therefor and without any deduction or setoff whatsoever. During the Term hereof, Rent shall be paid in accordance with the Prime Lease. Tenant's covenant to pay Rent is independent of every other covenant in this Sublease. If Rent is not paid when due, Tenant shall pay, relative to the delinquent payment, an amount equal to the sum which would be payable by Landlord to Prime Landlord for an equivalent default under the Prime Lease. If any installment of Rent provided for herein is not paid when due, Tenant shall pay any late charge or interest obligation required to be paid by Landlord under the Prime Lease.
Beginning on the Commencement Date. Tenant covenants and agrees to pay as Rent for the Premises the following amounts set forth in this Section 4 and as otherwise provided in this Lease. "Additional Rent" shall mean such costs, expenses, charges and other payments to be made by (or on behalf of) Tenant to Landlord (or to a third party if required under this Lease), whether or not the same be designated as such. "Rent" or "rent" shall mean all Annual Base Rent and Additional Rent due hereunder.
Beginning on the Commencement Date and during the term of this Agreement, Employer hereby agrees to continue Employee in its employ, and Employee hereby agrees to remain in the employ of Employer, pursuant to the terms and conditions set forth herein.
Beginning on the Commencement Date. Tenant shall pay the annual Fixed Rent in equal monthly installments in advance on the first (1st) calendar day of each and every calendar month. If the Commencement Date occurs on a day other than the first day of a calendar month, the Fixed Rent for the partial calendar month shall be prorated. Notwithstanding the foregoing, Tenant will not be required to pay Fixed Rent for the first three (3) months of the Term, so that the annual Fixed Rent for the first Lease Year will be $114,635.25.
Beginning on the Commencement Date. Tenant agrees to pay the Base Rent set forth in Section 1.10 to the Payee specified in Section 1.11, at the address specified in Section 1.12, or to such other payee or at such other address as may be designated by advanced notice in writing from Landlord to Tenant, without prior demand therefor and without any deduction whatsoever. Base Rent shall be paid in equal monthly installments in advance on the first day of each month of the Term, except that the first installment of Base Rent shall be paid by Tenant to Landlord upon execution of this Sublease by Tenant. Base Rent shall be prorated for partial months, if any, at the beginning and end of the Term. Base Rent may also be referred to herein as "Rent". Tenant's covenant to pay Rent shall be independent of every other covenant in this Lease. If Rent is not paid when due, Tenant shall pay, relative to the delinquent payment, an amount equal to the sum which would be payable by Landlord to Prime Landlord for an equivalent default under the Prime Lease.
Beginning on the Commencement Date the Company shall pay ------ the Employee a base salary at the annual rate of Two Hundred Sixteen Thousand Dollars ($216,000) (as the same may hereafter be adjusted, the "Salary") during the term of this Agreement. The Salary shall be inclusive of all applicable income, social security and other taxes and charges that are required by law to be withheld by the Company (collectively, "Taxes") and shall be paid and withheld in accordance with the Company's normal payroll practices for its executive employees from time to time in effect.
Beginning on the Commencement Date. (as defined in Paragraph 2(a)), Landlord hereby leases to Tenant, and Tenant leases from Landlord, at the rental rate and upon the terms and conditions set forth herein, the portion of the Property consisting of approximately Eighty-Nine Thousand Nine Hundred Sixty-Nine (89,969) rentable square feet, as shown on the floor plan of the Building attached hereto as Exhibit C (the “Premises”), together with the right to use Tenant’s share of the on-site parking spaces pursuant to Paragraph 28, and the non-exclusive right to use the common areas of the Property and the other Improvements on the Property intended for use in common by the tenants of the Property. Tenant’s Pro Rata Share of the Building shall mean 100% (89,969/89,969).
Beginning on the Commencement Date. Subtenant shall pay, as additional Rent, all amounts, if any, that Sublandlord is required to pay to Overlandlord pursuant to the ▇▇▇▇▇▇▇▇▇ that are related to Operating Expenses (as defined in the ▇▇▇▇▇▇▇▇▇) of the Building or basic costs of the Building or similar items (or to increases in the foregoing), but only to the extent such amounts are applicable to the Subleased Premises; except that the Expense Base Year to be used for calculating Subtenant's obligations under this Section 4.2 shall be calendar year 2006. Sublandlord shall make a reasonable allocation of such amounts between the Subleased Premises and the remainder of the Leased Space. Subtenant shall pay such amounts within fifteen (15) days after receipt of written notice of the amount due (and if such amount is a regularly recurring amount, only one such notice shall be required for all such regularly recurring amounts due during the period specified in such notice). Additional Rent payable pursuant to this Section 4.2 shall be based solely upon actual payments made by Sublandlord pursuant to the ▇▇▇▇▇▇▇▇▇. Subtenant shall not have the right to question the propriety of or the basis for any such payment, and Sublandlord shall be under no obligation to contest any such payment. [***] Confidential portions of this document have been redacted and filed separately with the Commission.
Beginning on the Commencement Date. (subject to adjustment pursuant to Section 2.1 above), the base rent ("Base Rent") for the Premises shall be in accordance with the Schedule of Monthly Base Rents set forth in Section E on Page 2. Each installment of Base Rent shall be payable in advance on the first day of each and every month throughout the term of this Lease. Tenant agrees to pay all rent, without offset, demand or deduction of any kind, to Landlord by mail to the address set forth in Section A(3) on page 1 or in such manner, to such other person or at such other place as Landlord may from time to time designate. Tenant agrees that no payment made to Landlord by check or other instrument shall contain a restrictive endorsement of any kind, and if any such instrument should contain a restrictive endorsement in violation of the foregoing, that endorsement shall have no legal effect whatever, notwithstanding that such item is processed for payment.
Beginning on the Commencement Date. Lessee shall maintain commercial general liability insurance against claims for bodily injury, death or property damage occurring in, on or about the parking areas, Building or the Leased Premises in a combined single limit of not less than Two Million and No/100 Dollars ($2,000,000.00) per occurrence. Such insurance shall be effected under policies satisfactory to Lessor that shall name Lessor and the lender, if any, as an additional insured thereunder.