Lease Commencement Date After Calendar Year 2015 Sample Clauses

Lease Commencement Date After Calendar Year 2015. For purposes of this Lease, if the Lease Commencement Date occurs after calendar year 2015, the term "Lease Year" shall mean the first 12 full calendar months following the Lease Commencement Date and each consecutive 12 full calendar month period thereafter, provided, however, that in the event that the Lease Commencement Date occurs other than on the first day of a semi-annual period, the term "Lease Year" for the initial Lease Year shall include the remaining portion of the partial semi-annual period in which the Lease Commencement Date occurs and the full following 12 months. By way of example only and not in limitation, if the Lease Commencement Date is February 20, 2016, then the initial Lease Year shall be for the period commencing on February 20, 2016, and continuing through June 30, 2017. The first semi-annual installment of Base Rent for the initial Lease Year shall be due and payable on the first July 1 or January 1 to occur on or after the Lease Commencement Date, and, in the event that the Lease Commencement Date does not occur on the first day of a semi-annual period, Tenant shall also pay, on such date, a supplemental Base Rent payment that is prorated by multiplying the amount of the first semi- annual installment of Base Rent by a fraction, the numerator of which is the number of days, including the Lease Commencement Date, then remaining in such semi-annual period, and denominator of which is 180. The second semi-annual installment of Base Rent for the initial Lease Year shall be due and payable on the next following July 1 or January 1 to occur. By way of example only and not in limitation, if the Lease Commencement Date is February 20, 2016, then the first semi-annual installment of Base Rent for the initial Lease Year shall be due and payable on July 1, 2016, the supplemental payment of Base Rent for the initial Lease Year shall be due and payable on July 1, 2016, and the second semi-annual installment of Base Rent for the initial Lease Year shall be due and payable on January 1, 2017.
Sample 1
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Related to Lease Commencement Date After Calendar Year 2015

  • Calendar Year Calendar Year" for the purposes of this Agreement shall mean the twelve (12) month period from January 1st to December 31st, inclusive.

  • Contract Year A twelve (12) month period during the term of the Agreement commencing on the Effective Date and each anniversary thereof.

  • Lease Commencement Date The earlier to occur of (i) the date upon which Tenant first commences to conduct business in the Premises, and (ii) sixty (60) days following the date of delivery of the Premises from Landlord to Tenant, which delivery date is anticipated to be May 1, 2002, as such date may be adjusted pursuant to the Tenant Work Letter attached hereto as Exhibit B.

  • Work Year The full-time work year for all employees employed in EA and ECE job classes shall be a minimum of 194 work days to correspond with the school year calendar.

  • PRE-COMMENCEMENT PHASE Part 1 - Pre-commencement Phase Services Part 2 - Construction Documents and Site Plan SECTION 3 – CONSTRUCTION PHASE Part 1 - Construction Phase Services Part 2 - Changes to the Work Part 3 - Time. Part 4 - Correcting the Work, Inspections, Covering and Uncovering Work Part 5 - Subcontractors, Trade Contractors, and Suppliers

  • Work Period; Overtime Pay The work period for overtime computation purposes shall be a seven (7) day period, as defined by the Employer. Nurses working this twelve (12) hour shift schedule shall be paid overtime compensation at the rate of one and one-half (1 1/2) times the regular rate of pay for the first two (2) hours after the end of the twelve (12) hour shift or for any hours worked beyond forty (40) hours in a seven (7) day period. If a nurse works more than two (2) consecutive hours beyond the end of the twelve (12) hour shift, all overtime hours after fourteen (14) consecutive hours of work for that shift shall be paid at double time (2x).

  • DATE OF COMMENCEMENT AND SUBSTANTIAL COMPLETION § 3.1 The date of commencement of the Work shall be: (Check one of the following boxes.) [ « » ] The date of this Agreement. [ « » ] A date set forth in a notice to proceed issued by the Owner. [ « » ] Established as follows: (Insert a date or a means to determine the date of commencement of the Work.) « » If a date of commencement of the Work is not selected, then the date of commencement shall be the date of this Agreement.

  • Rest Period After Overtime (a) When overtime work is necessary, it will, wherever reasonably practicable, be so arranged that employees have at least 10 consecutive hours off duty between the work of successive days or shifts, including overtime.

  • Lease Period The lease period of the Finance Lease Agreement I is 24 months, which commenced on September 28, 2021. The lease period of the Finance Lease Agreement II is 36 months, which shall commence on August 29, 2022.

  • 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.

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