CALCULATION OF RENT AND COMMENCEMENT DATE Sample Clauses

CALCULATION OF RENT AND COMMENCEMENT DATE. The following provisions shall apply to the computation and the commencement date for payment of the rents payable under and the calculation of the commencement and length of the term of the Leases:- 23.3.1 The contractual term of the Leases shall be a period of twenty-five years from the Shell & Core Substantial Completion Date with review dates thereafter at every fifth anniversary of that date; 23.3.2 The VAT exclusive amount of the Initial Rent under the Basement to Level 4 Lease shall be the aggregate of:- (a) for the Net Internal Area of the Upper Ground to Leve▇ ▇ and Part Level 5 office areas which form part of the Demised Premises and are shown edged red on the Measurement Plans (the resulting Net Internal Area being hereinafter referred to -77- 89 as "THE NET UPPER GROUND AND UPPER FLOORS OFFICE AREA") the product of multiplying the Net Upper Ground and Upper Floors Office Area (expressed in square feet) by (pounds)40.00; plus (b) for the Net Internal Area of the ground floor office areas edged yellow on the Measurement Plans (the resulting Net Internal Area being hereinafter referred to as the "GROUND FLOOR OFFICE AREA") the product of multiplying the Ground Floor Office Area (expressed on square feet) by (pounds)35.00; plus (c) for the Net Internal Area of the upper ground floor office areas edged and hatched purple on the Measurement Plans (the resulting Net Internal Area being hereinafter referred to as the "ST BRIDE STREET FACING UPPER GROUND FLOOR AREA") the product of multiplying the St Bride Street Facing Upper Ground Floor Area (expressed in square feet) by (pounds)27.50; plus (d) for the Net Internal Area of the upper ground floor office areas edged blue (in the Daily Express Building) (the resulting Net Internal Area being hereinafter referred to as the "DAILY EXPRESS AREA") the product of multiplying the Daily Express Area (expressed in square feet) by (pounds)20; plus (e) for the Net Internal Area of the lower ground office areas edged blue on the Measurement Plans ("THE NET LOWER GROUND FLOOR OFFICE AREA") the product of multiplying the Net Lower Ground Floor Office Area (expressed in square feet) by (pounds)20.00; plus (f) for the Net Internal Area of the storage areas edged green on the Measurement Plans the product of multiplying such Net Internal Area (expressed in square feet) by (pounds)12.50; plus (g) (pounds)93,500 (being the product of multiplying 34 car parking spaces by (pounds)2,750). For the avoidance of doubt (subject ...
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Related to CALCULATION OF RENT AND COMMENCEMENT DATE

  • Calculation of Rent All calculation of Rent payable hereunder shall be computed based on the actual number of days elapsed over a year of three hundred sixty (360) days or, to the extent such Rent is based on the Prime Lending Rate, three hundred sixty-five (365) (or three hundred sixty-six (366), as applicable) days.

  • Rent Commencement Date The "Rent Commencement Date" shall be the date that Tenant first uses the Premises or any portion thereof for any purpose permitted under this lease. In the event this lease pertains to a building or building interior finish to be constructed, the "Rent Commencement Date" shall be the date upon which the buildings and other improvements erected and to be erected upon the premises shall have been substantially completed in accordance with the plans and specifications described on Exhibit "C" attached hereto and incorporated herein by reference, provided however, that if Landlord shall be delayed in such substantial completion as a result of: (i) Tenant's failure to agree to plans, specifications, and cost estimates, within a reasonable period of time; (ii) Tenant's request for materials, finishes or installations other than Landlord's standard; (iii) Tenant's changes in plans; the commencement date and the payment of rent hereunder shall be accelerated by the number of days of such delay, and provided further that if Landlord cannot substantially complete the premises as a result of any events (i) through (iii) above, Landlord may as its election complete so much of Landlord's work as may be practical under the circumstances and, by written notice to Tenant, establish the commencement date as the date of such partial completion, subject to any applicable accelerations due to delays resulting from events (i) through (iii) above. Taking possession by Tenant shall be deemed conclusively to establish that said buildings and other improvements have been completed in accordance with the plans and specifications and that the premises are in good and satisfactory condition, as of when possession was so taken. Tenant acknowledges that no representations as to the repair of the premises have been made by Landlord, unless such are expressly set forth in the lease. After such "Rent Commencement Date" Tenant shall, upon demand, execute and deliver to Landlord a letter of acceptance of delivery of the premises. In the event of any dispute as to substantial completion of work performed, execute or required to be performed by Landlord, the certificate of Landlord's architect or general contractor shall be conclusive.

  • Commencement Date The Subcontractor shall be permitted to begin the Services on ______________________, 20____ (“Commencement Date”).

  • Lease Commencement Date The earlier to occur of (i) the date upon which Tenant first commences to conduct business in the Premises, and (ii) the later to occur of (A) November 1, 2018 and (B) the date upon which the Premises are Ready for Occupancy (as that term is defined in Section 5.1 of the Tenant Work Letter attached hereto as Exhibit B (the “Tenant Work Letter”)).

  • Service Commencement Date 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 Section 15.3 or Section 29.1 under the Tariff.