Common use of Lease Year Clause in Contracts

Lease Year. “Lease Year” shall mean that period of twelve (12) consecutive months which ends on December 31st of each year and which falls within the Term of this Lease; provided, however, the first Lease Year (which may be a partial Lease Year) shall mean that period from the Lease Commencement Date until the December 31st first occurring after the lease Commencement Date and the last Lease Year (which may be a partial Lease Year) shall mean that period from the January 1st last occurring during the Term of this Lease until Termination Date.

Appears in 3 contracts

Samples: Office Lease Agreement (Federal Home Loan Bank of Seattle), Office Lease Agreement (Federal Home Loan Bank of Seattle), Office Lease Agreement (Federal Home Loan Bank of Seattle)

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Lease Year. For purposes of this Lease, the term "Lease Year” shall mean that period of " means each consecutive twelve (12) consecutive months which ends on December 31st month period during the Lease Term. In the event that the Lease Commencement Date is other than the first day of each year and which falls within the Term of this Lease; provided, howevera calendar month, the first Lease Year (which may be a partial Lease Year) shall mean that period from commence on the Lease Commencement Date until and end on the December 31st last day of the twelfth full calendar month thereafter. The second and each succeeding Lease Year shall commence on the first occurring after day of the lease Commencement Date and the next calendar month. The last Lease Year (which may be a partial ends on the Lease Year) shall mean that period from the January 1st last occurring during the Term Expiration Date or earlier date of this Lease until Termination Datetermination.

Appears in 2 contracts

Samples: Agreement (Starent Networks, Corp.), Sublease Agreement (Starent Networks, Corp.)

Lease Year. The Term "Lease Year" shall mean, in the case of the first Lease Year, that period from the Rental Commencement Date to the first succeeding December 31; thereafter, "Lease Year" shall mean that period of each successive twelve (12) consecutive months which ends on December 31st calendar month period following the expiration of each year and which falls within the Term of this Lease; provided, however, the first Lease Year (which may be a partial Lease Year) shall mean , in each case commencing on January 1 and ending the next succeeding December 31, except that period from in the Lease Commencement Date until event of the termination of this lease on any day other than December 31st first occurring after the lease Commencement Date and 31, then the last Lease Year (which may shall be a partial Lease Year) shall mean that the period from the January 1st last occurring during end of the Term preceding Lease Year to such date of this Lease until Termination Datetermination.

Appears in 2 contracts

Samples: Lease Agreement (Megamedia Networks Inc), Lease Agreement (Megamedia Networks Inc)

Lease Year. “Lease Year” shall mean that period of twelve (12) consecutive months which ends on December 31st 31 of each year and which falls within the Term of this Lease; provided, however, the first Lease Year (which may be a partial Lease Year) shall mean that period from the Lease Commencement Date until the December 31st 31 first occurring after the lease Lease Commencement Date and the last Lease Year (which may be a partial Lease Year) shall mean that period from the January 1st last occurring during the Term of this Lease until the Termination Date.

Appears in 2 contracts

Samples: Office Lease Agreement (NanoString Technologies Inc), Office Lease Agreement (Omeros Corp)

Lease Year. As used herein, “Lease Year” shall mean that period of each twelve (12) consecutive months which ends month period commencing on December 31st January 1 of each calendar year and which falls within during the Term and continuing through December 31 of this Leasethat calendar year; provided, however, in the event the Term commences on a date other than January 1, the first Lease Year (which may shall be a partial that shorter period commencing on the first day of the Term and continuing through the next occurring December 31; provided further, however, the final Lease Year) Year shall mean be that period from the Lease Commencement Date until the December 31st first occurring after the lease Commencement Date and commencing on the last Lease Year (which may be a partial Lease Year) shall mean that period from the occurring January 1st last occurring 1 during the Term of this Lease until Termination and continuing through the Expiration Date.

Appears in 2 contracts

Samples: Ground Lease (MTR Gaming Group Inc), Ground Lease (MTR Gaming Group Inc)

Lease Year. Lease Year" shall mean that period of twelve (12) consecutive months which ends on December 31st 31 of each year and which falls within the Term of this Lease; provided, however, the first Lease Year (which may be a partial Lease Year) shall mean that period from the Lease Commencement Date until the December 31st 31 first occurring after the lease Lease Commencement Date and the last Lease Year (which may be a partial Lease Year) shall mean that period from the January 1st last occurring during the Term of this Lease until the Termination Date.

Appears in 1 contract

Samples: Office Lease Agreement (Onvia Com Inc)

Lease Year. The Term “Lease Year” shall mean, in the case of the first Lease year, that period from the Rental Commencement Date to the first succeeding December 31; thereafter, “Lease Year” shall mean that period of each successive twelve (12) consecutive months which ends on December 31st calendar month period following the expiration of each year and which falls within the Term of this Lease; provided, however, the first Lease Year (which may be a partial Lease Year) shall mean , in each case commencing on January 1 and ending the next succeeding December 31, except that period from in the Lease Commencement Date until event of the termination of this lease on any day other than December 31st first occurring after the lease Commencement Date and 31, then the last Lease Year (which may shall be a partial Lease Year) shall mean that the period from the January 1st last occurring during end of the Term preceding Lease Year to such date of this Lease until Termination Datetermination.

Appears in 1 contract

Samples: Lease (First State Financial Corp/Fl)

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Lease Year. As used herein, the term “Lease Year” shall mean that period of mean: (a) when used in connection with the Initial Term, each successive twelve (12) consecutive months which ends month period beginning on December 31st of each year and which falls within the Term of this Lease; provided, however, the first Lease Year (which may be a partial Lease Year) shall mean that period from the Lease Commencement Date until the December 31st first occurring after the lease Commencement Date and ending on the last day of December, except the sixth and last year Lease Year of the Initial Term, which shall end on June 30, 2020; and (which may be a partial Lease Yearb) shall mean that when used in connection with the Extended Term, each successive twelve (12) month period from beginning July 1, 2020 and ending on the January 1st last occurring during the Term day of this Lease until Termination DateJune.

Appears in 1 contract

Samples: Lease (Xencor Inc)

Lease Year. Lease Year" shall mean that period of twelve (12) consecutive months which ends on December 31st of each year and which falls within the Term of this Lease; provided, however, the first Lease Year (which may be a partial Lease Year) shall mean that period from the Lease Commencement Date until the December 31st first occurring after the lease Lease Commencement Date and the last Lease Year (which may be a partial Lease Year) shall mean that period from the January 1st last occurring during the Term of this Lease until the Termination Date.

Appears in 1 contract

Samples: Lease Agreement (Fine Com Corp)

Lease Year. Lease Year" shall mean that period of twelve (12) consecutive months which ends on December 31st of each year and which falls within the Term of this Lease; providedPROVIDED, howeverHOWEVER, the first Lease Year (which may be a partial Lease Year) shall mean that period from the Lease Commencement Date until the December 31st first occurring after the lease Lease Commencement Date and the last Lease Year (which may be a partial Lease Year) shall mean that period from the January 1st last occurring during the Term of this Lease until the Termination Date.

Appears in 1 contract

Samples: Office Lease Agreement (Greatfood Com Inc)

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