Expansion Term definition

Expansion Term means, with respect to any Incremental Expansion, the period of ten (10) Contract Years beginning on the In-Service Date of the Compression Facilities for such Incremental Expansion and continuing Contract Year to Contract Year thereafter subject to termination by either Party on the tenth (10th) anniversary of such In-Service Date or on the last Day of any Contract Year thereafter by giving at least [***] ([***]) Days’ prior written notice to the other Party.

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Expansion Term is hereby defined to be and to mean that period of time commencing on the Expansion Commencement Date and expiring on the Expiration Date.

Expansion Term shall be the period beginning on the Expansion Commencement Date and continuing through the Expansion Termination Date.

Examples of Expansion Term in a sentence

With respect to the Expansion Space during the Expansion Term, Tenant shall pay for Tenant’s Share of Expenses and Taxes in accordance with the terms of the Lease.
With respect to the Expansion Space during the Expansion Term, the schedule of Base Rent shall be as follows: Period During Expansion Term Annual Rate Per Square Foot (rounded to the nearest 100th of a dollar) Monthly Base Rent All such Base Rent shall be payable by Tenant in accordance with the terms of the Lease.
With respect to the Suite 270 Expansion Space during its Expansion Term, Tenant’s Share shall be 1.5004%.
With respect to the Expansion Space during the Expansion Term, Tenant shall pay for Tenant’s Share of Expenses and Taxes in accordance with the terms of the Lease; provided, however, that, with respect to the Expansion Space during the Expansion Term, the Base Year for Expenses and Taxes shall be 2014.
With respect to the Suite 530 Expansion Space during its Expansion Term, Tenant’s Share shall be 4.0719%.
With respect to the Suite 320 Expansion Space during its Expansion Term, Tenant’s Share shall be 7.6741%.
With respect to each Expansion Space during its Expansion Term, Tenant shall pay for Tenant’s Share of Expenses and Taxes in accordance with the terms of the Lease; provided, however, that, with respect to each Expansion Space during its Expansion Term, the Base Year for Expenses and Taxes shall be 2014.
With respect to the Suite 500 Expansion Space during its Expansion Term, Tenant’s Share shall be 6.1205%.
With respect to the Expansion Space during the Expansion Term, Tenant’s Share shall be 2.9399%.
With respect to each Expansion Space during its Expansion Term, Tenant shall pay for Tenant’s Share of Expenses and Taxes in accordance with the terms of the Lease; provided, however, that, with respect to each Expansion Space during its Expansion Term, the Base Year for Expenses and Taxes shall be 2015.

More Definitions of Expansion Term

Expansion Term means the ten (10) year period commencing upon Substantial Completion of the Expanded Improvements and continuing through the last day of the calendar month ten (10) years after the date of such Substantial Completion.

Expansion Term means the period between the -------------- Expansion Date and the Lease Termination Date.

Expansion Term shall commence on February 1, 2020 (i.e., upon the Tranche Lease Commencement Date for the Suite 150 portion of the 12790 Premises), and shall continue until the earlier of (a) July 31, 2031, and (b) the last day of the calendar month in which the one hundred twenty-seventh (127th) monthly anniversary of the Tranche Lease Commencement Date applicable to the KM Tranche portion of the 12790 Premises occurs (the “Expansion Term Expiration Date”), unless extended or sooner terminated as provided in the Lease, as hereby amended. The parties acknowledge that the Expansion Term Expiration Date is anticipated to be July 31, 2031, based upon an anticipated Tranche Lease Commencement Date of July 1, 2021 for the corresponding portion of the 12790 Premises. For purposes of this Third Amendment, the term "Expansion Year" with respect to each tranche of the 12790 Premises shall mean each consecutive twelve (12) calendar month period during the Expansion Term; provided, however, that the first Expansion Year shall commence on the applicable Tranche Lease Commencement Date for the applicable portion of the 12790 Premises and end on the last day of the month in which the first anniversary of such Tranche Lease Commencement Date occurs (or if the applicable Tranche Lease Commencement Date is the first day of a calendar month, then the first Expansion Year shall commence on the applicable Tranche Lease Commencement Date and end on the day immediately preceding the first anniversary of the applicable Tranche Lease Commencement Date), and the second and each succeeding Expansion Year shall commence on the first day of the next calendar month; and further provided that the last Expansion Year shall end on the Expansion Term Expiration Date.

Expansion Term. Expansion Term shall have the meaning set forth in Section 34.3.

Expansion Term is hereby defined to be and to mean that period of time commencing on the Thirteenth Amendment Commencement Date and expiring contemporaneously with the Lease on the Expansion Expiration Date (i.e., January 31, 2028), as defined in Section 2(c) of the Ninth Amendment.