Base Term definition

Base Term means, with respect to any Leased Property, (a) the period commencing on the related Closing Date and ending on January 13, 2005 or (b) such shorter period as may result from earlier termination of the Lease as provided therein.

Base Term. Commencing (i) with respect to the Original Premises on the Commencement Date, and (ii) with respect to the Expansion Premises on the Expansion Premises Commencement Date, and ending with respect to the entire Premises on June 30, 2021.”

Base Term is defined in Section 2.3 of the Lease.

Examples of Base Term in a sentence

• The Port Authority shall have the absolute right to extend the Base Term for an additional period of up to one hundred and twenty (120) days (hereinafter called the “Extension Period”) subsequent to the Expiration Date of the Base Term or to the Expiration Date of the final exercised Option Period, subject to the same terms and conditions as the previous contract period.

• The Port Authority shall have the absolute right to extend the Base Term for an additional period of up to one hundred and twenty (120) days subsequent to the Expiration Date of the Base Term, or the Expiration Date of the final exercised Option Period (hereinafter called the “Extension Period”), subject to the same terms and conditions as the previous contract period.

• The “Term” of this Lease shall be the Base Term, as defined above on the first page of this Lease.

• The “Term” of this Lease shall be the Base Term, as defined above on the first page of this Lease and the Extension Term which Tenant may elect pursuant to Section 39 hereof.

• If the 3 Month Term SOFR Rate published on the last business day of any month (the “Current Term SOFR Rate”) differs from the Base Term SOFR Rate, the Daily Discount Rate may be adjusted on the last business day of such month by 0.00003% for each basis point difference between the Current Term SOFR Rate and the Base Term SOFR Rate on the adjustment date.

More Definitions of Base Term

Base Term. Commencing (i) with respect to the Original Premises on the Commencement Date, and (ii) with respect to the Expansion Premises on the Expansion Premises Commencement Date, and ending with respect to the entire Premises on September 15, 2016 (“Expiration Date”).”

Base Term shall have the meaning as defined in Section 2.2.

Base Term shall have the meaning set forth in Section 10.1.

Base Term shall have the meaning provided in Section 2.2 of each Lease.

Base Term means the period commencing on the Closing Date and ending on February 14, 2022, or such shorter period as may result from earlier termination of the Lease as provided therein.

Base Term. A term beginning on the first to occur of the Current Premises Commencement Date (as defined in Section 2 hereof) or the Expansion Premises Commencement Date (as defined in Section 2 hereof) and ending March 31, 2013 (as may be adjusted pursuant to Section 2(b) below).

Base Term. Commencing (i) with respect to the Original Premises on the Commencement Date, (ii) with respect to the Expansion Premises on the Expansion Premises Commencement Date, and (iii) with respect to the Second Expansion Premises on the Second Expansion Premises Commencement Date, and ending with respect to the entire Premises on the date that is 60 months after the first day of the first full month following the Second Expansion Premises Rent Commencement Date (“Expiration Date”).”