Commencement Date definition
Examples of Commencement Date in a sentence
On or before the earlier of (i) the date on which any Tenant Party first enters the Premises for any reason or (ii) the Lease Commencement Date, Tenant shall furnish Landlord with certificates evidencing the insurance coverage required by this Lease, and renewal certificates shall be furnished to Landlord at least annually thereafter, and at least thirty (30) days prior to the expiration date of each policy for which a certificate was furnished.
An answer and any counterclaims to the Arbitration Notice shall be required to be delivered to the party initiating the Arbitration within twenty (20) calendar days after the Arbitration Commencement Date.
Provided that Tenant is not then in monetary or material non-monetary default of this Lease, Tenant shall have the one-time right to elect by written notice (the “Base Rent Credit Election Notice”) to Landlord at any time on or before the Lease Commencement Date to apply as a credit against the monthly Base Rent due under this Lease (the “Base Rent Credit”) any then-remaining unused portion of the Tenant Improvement Allowance (as defined below).
Notwithstanding anything to the contrary in this Lease, no event of Force Majeure shall (i) excuse Tenant’s obligations to pay Rent and other charges due pursuant to this Lease, (ii) be grounds for Tenant to ▇▇▇▇▇ any portion of Rent due pursuant to this Lease, or entitle either party to terminate this Lease, except as allowed pursuant to Articles 11 and 13 of this Lease, (iii) excuse Tenant’s obligations under Articles 5 and 24 of this Lease, or (iv) extend the occurrence of the Lease Commencement Date.
The terms and provisions of this Lease shall be effective as of the date of this Lease; provided, however, prior to the Lease Commencement Date, ▇▇▇▇▇▇’s occupancy of the Premises shall be governed by the terms of the Sublease (subject to Landlord’s consent thereof) and not the terms of this Lease.