Common use of Partial Year Clause in Contracts

Partial Year. If the Rent Commencement Date is not the first day of a calendar year or if the expiration date of the Term is not the last day of a calendar year, the amount computed as Additional Rent with respect to such partial calendar year under this Article 7 shall be prorated in proportion to the portion of such calendar year falling within the Term.

Appears in 2 contracts

Sources: Lease Agreement (American Management Systems Inc), Lease Agreement (American Management Systems Inc)

Partial Year. If the Rent Commencement Date is not the first day of a calendar year or if the date of expiration date or termination of the Term is not the last day of a calendar year, the amount computed as Additional Rent for Tax Share and Operating Cost Share with respect to such partial calendar year under this Article 7 shall be prorated in proportion to the portion of such calendar year falling within the Term.

Appears in 1 contract

Sources: Lease Agreement (Erytech Pharma S.A.)