Expansion Year definition

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Expansion Year means each consecutive twelve (12) month period during the Fourth Expansion Term; provided, however, that the first (1st) Expansion Year shall commence on the Fourth Expansion Commencement Date and end on the last day of the month in which the first anniversary of the Fourth Expansion Commencement Date occurs (unless the Fourth 4864-0699-3085.7183305.00028/7-23-24/ejs/ejs -2- [Sixth Amendment][Revolution Medicines, Inc.]COID: 1507 Expansion Commencement Date is the first (1st) day of a calendar month, in which event the first Fourth Expansion Year shall end on the day immediately preceding the first anniversary of the Fourth Expansion Commencement Date), and the second and each succeeding Fourth Expansion Year shall commence on the first day of the next calendar month; and further provided that the last Fourth Expansion Year shall end on the Lease Expiration Date. The period of time commencing on the Fourth Expansion Commencement Date and terminating on the Lease Expiration Date, shall be referred to herein as the “Fourth Expansion Term.”

Examples of Expansion Year in a sentence

As used in this Section 3, “Expansion Year” means the 12 month period commencing on the Thirteenth Amendment Rent Commencement Date, and each consecutive 12 month period thereafter through the Expansion Expiration Date (and, therefore, the final Expansion Year will contain less than 12 months).
In all subsequent Base Rent payment periods during the Second Expansion Term commencing on the first (1st) day of the second (2nd) Second Expansion Year, the calculation of each Monthly Installment of Base Rent amount reflects an annual increase of three and one-half percent (3.5%).
In all subsequent Monthly Rental payment periods during the Expansion Term commencing on first day of Expansion Year 2 for the KM Tranche, the calculation of each Monthly Rental amount reflects an annual increase of three percent (3%) and each Annualized Rent amount was calculated by multiplying the corresponding Monthly Rental amount by twelve (12).
In all subsequent Monthly Rental payment periods during the Expansion Term commencing on first day of Expansion Year 2 for Suite 130, the calculation of each Monthly Rental amount reflects an annual increase of three percent (3%) and each Annualized Rent amount was calculated by multiplying the corresponding Monthly Rental amount by twelve (12).
In all subsequent Monthly Rental payment periods during the Expansion Term commencing on first day of Expansion Year 2 for Suite 110, the calculation of each Monthly Rental amount reflects an annual increase of three percent (3%) and each Annualized Rent amount was calculated by multiplying the corresponding Monthly Rental amount by twelve (12).
As consideration for construction of the Expansion Facilities, Producer agrees to tender quantities of Expansion Volume each Expansion Year that at least equal the Annual Expansion Throughput Commitment for such Expansion Year set forth below, and to make a payment to Gatherer after each Expansion Year (the “Expansion Annual Shortfall Payment”) as set forth below if the Annual Expansion Throughput Commitment is not met for such Expansion Year.
In all subsequent Monthly Rental payment periods during the Expansion Term commencing on first day of Expansion Year 2 for Suite 300, the calculation of each Monthly Rental amount reflects an annual increase of three percent (3%) and each Annualized Rent amount was calculated by multiplying the corresponding Monthly Rental amount by twelve (12).

More Definitions of Expansion Year

Expansion Year means each consecutive twelve (12) month period during the Third Expansion Term; provided, however, that the first (1st) Expansion Year shall commence on the Third Expansion Commencement Date and end on the last day of the month in which the first anniversary of the Third Expansion Commencement Date occurs (unless the Third Expansion Commencement Date is the first (1st) day of a calendar month, in which event the first Third Expansion Year shall end on the day immediately preceding the first anniversary of the Third Expansion Commencement Date), and the second and each succeeding Third Expansion Year shall commence on the first day of the next calendar month; and further provided that the last Third Expansion Year shall end on the New Expiration Date. The period of time commencing on the Third Expansion Commencement Date and terminating on the New Expiration Date, shall be referred to herein as the "Third Expansion Term."

Expansion Year means each consecutive twelve (12) month period during the Eighth Amendment Expansion Term; provided, however, that the first (1st) Expansion Year shall commence on the Eighth Amendment Expansion Commencement Date and end on the last day of the month in which the first anniversary of the Eighth Amendment Expansion Commencement Date occurs (unless the Eighth Amendment Expansion Commencement Date is the first (1st) day of a calendar month, in which event the first applicable Expansion Year shall end on the day immediately preceding the first anniversary of the Eighth Amendment Expansion Commencement Date), and the second and each succeeding applicable Expansion Year shall commence on the first day of the next calendar month; and further provided that the last applicable Expansion Year shall end on the Lease Expiration Date. The period of time commencing on the Eighth Amendment Expansion Commencement Date and terminating on the Lease Expiration Date, shall be referred to herein as the “Eighth Amendment Expansion Term.”

Expansion Year means each consecutive twelve (12) month period during the Expansion Term; provided, however, that the first (1st) Expansion Year shall commence on the Expansion Commencement Date and end on the last day of the month in which the first anniversary of the Expansion Commencement Date occurs (unless the Expansion Commencement Date is the first (1st) day of a calendar month, in which event the first Expansion Year shall end on the day immediately preceding the first anniversary of the Expansion 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 New Lease Expiration Date. Commencing on the Possession Date and before the Expansion Commencement Date, Tenant shall have the exclusive right to use and access the Expansion Premises for purposes of preparing them for occupancy, including performing the Expansion Tenant Improvements, and to occupy the Expansion Premises (or certain portions of the Expansion Premises) to conduct its business, provided that all of the terms and conditions of the Lease shall apply (including, without limitation, Tenant's obligation to deliver a certificate of insurance to Landlord in accordance with the terms of Section 10.4 of the Lease), other than Tenant's obligation to pay "Base Rent," and "Tenant's Share" of the annual "Direct Expenses," as though the Expansion Commencement Date had occurred. Notwithstanding the foregoing, Tenant will be required to pay for all utilities used by Tenant in the Expansion Premises during such period of occupancy prior to the Expansion Commencement Date, including without limitation, all electricity, water, and gas, as well as any sewage or trash fees. Within sixty (60) days of the Expansion Commencement Date, Landlord may deliver to Tenant a notice substantially in the form as set forth in Exhibit C attached to the Lease, as a confirmation only of the information set forth therein, which Tenant shall execute and return to Landlord pursuant to the terms of the Lease.