Final Commencement Date definition
Examples of Final Commencement Date in a sentence
The first (lst) Lease Year begins on the first Commencement Date to occur and ends on the last day of the twelfth full calendar month after the Final Commencement Date.
If the Final Commencement Date has not occurred by the Estimated Commencement Date, as extended by Tenant Delay (but not for Force Majeure), then, as Tenant’s sole remedy at law or equity (except as provided in Sections 3.01(c), below), Tenant shall receive a credit against Base Rent in an amount equal to Tenant’s Damages.
This agreement commences on the later of the ARC Funding Commencement Date and the date that this agreement is last signed by a Party, which must be on or before the ARC Final Commencement Date, and will end on the date on which all obligations under the Funding Agreement have been fulfilled unless otherwise terminated in accordance with this agreement.
Substantial Completion and the Commencement Date shall be deemed to occur only with respect to the applicable Phase, and Base Rent and Additional Rent on account of Operating Expenses and Taxes shall be pro-rated based on the ratio of occupied floors to total floors (excluding mechanical floors and penthouses in each case) of the Premises to reflect Tenant’s partial occupancy of the Premises until such time as the Final Commencement Date occurs.
At the time of the execution of the Funding Offer, the Final Commencement Date is considered the latest possible Project Start Date.
It is acknowledged and agreed that from the ---------------- Initial Commencement Date to the Final Commencement Date (to the extent applicable), SEMA (or its successors or permitted assigns) shall act as the operator of the Project (the "Interim Operator") upon terms and conditions ---------------- (including with respect to fees) that are commercially reasonable and consistent with Prudent Utility Practice at the time with respect to generating facilities similar to the Project.
Lessee also authorizes Lessor to insert on any Schedule and on related supplemental lease documentation information commonly determined after execution by Lessee such as: serial numbers and other Equipment identification data, Equipment locations, Commencement Dates, and Final Commencement Date.
Effective as of Final Commencement Date, the Premises shall consist of the entire Building, that is all Rentable Square Feet in the Building (including but not limited to Suite 125 and Suite 150), which is agreed to contain 21,070 Rentable Square Feet.
Effective as of the Final Commencement Date, Tenant’s Share shall be increased to one hundred per cent (100.00%).
If Lessee fails to complete when due any such requested item, Lessor; at its sole discretion and notwithstanding the provisions of Section 3 above, may elect to delay the Final Commencement Date of the affected Schedule until any or all such requested items are completed.