Common use of Partial Year Clause in Contracts

Partial Year. If the Term shall commence or terminate within a calendar or tax fiscal year, whichever year is applicable, the Tenant shall pay to the Landlord for that year only such portion of such Additional Rent for the whole tax, calendar or fiscal year as shall be proportionate to the portion of the Lease Term included within such year.

Appears in 1 contract

Sources: Lease Agreement (Targanta Therapeutics Corp.)

Partial Year. If the Term shall commence or terminate within a tax, calendar or tax fiscal year, whichever year is applicable, the Tenant shall pay to the Landlord for that year only such portion of such Additional Rent for the whole tax, calendar or fiscal year as shall be proportionate to the portion of the Lease Term that year included within such year.

Appears in 1 contract

Sources: Lease Agreement (SciVac Therapeutics Inc.)