First Lease Period definition

First Lease Period means, in relation to the Forward Lease, the period commencing on (and including) the Commencement Date and ending on the first Rental Payment Date.
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First Lease Period means the period comprising of (i) the days remaining in the Commencement Month; and (ii) 5/11 month period commencing from the first calendar day immediately following the last calendar day of the Commencement Month; and the First Lease Period shall end on the last calendar day of such fifth/eleventh month, with the effect that the First Lease Period shall comprise of the number of days remaining in the Commencement Month and five/eleven months from thereon.
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First Lease Period means the period commencing upon the Execution Date and ending on the last day of the eighteenth (18th) complete Month following the Commencement Date, and each succeeding twelve (12) Month period thereafter shall be referred to herein as a “Lease Period.” The amount of the Letter of Credit required for the First Lease Period shall be ONE MILLION EIGHT HUNDRED THOUSAND DOLLARS ($1,800,000.00), and the amount of the Letter of Credit required under this Lease for each succeeding Lease Period shall be the amount set forth on the following schedule; provided, however, that upon the expiration of any Lease Period the amount of the Letter of Credit applicable under this Lease shall not be reduced to the amount applicable to the succeeding Lease Period if this Lease is not then in full force and effect or if a Draw Event has occurred: First Lease Period: $ 1,800,000 Second Lease Period: $ 1,502,000 Third Lease Period: $ 1,195,000 Fourth Lease Period: $ 879,000 Fifth Lease Period: $ 553,000 Sixth Lease Period: $ 218,000 The remaining Term of the Lease: $ 100,000 If Tenant is entitled to reduce the amount of the Letter of Credit pursuant to the provisions above, then upon Tenant’s written request to Landlord, Landlord agrees that it will within five (5) business days of Tenant’s request notify in writing the issuer of the Letter of Credit that the Letter of Credit may be reduced in the amount of the reduction so authorized. Such reduction shall occur by means of delivery by Tenant and acceptance by Landlord of an amendment to the Letter of Credit (which amendment shall be subject to Landlord’s reasonable approval) reducing the amount thereof as directed by Landlord, or, at Tenant’s option, a substitute Letter of Credit in such reduced amount, in which latter event, the Letter of Credit then being held by Landlord will be returned to Tenant.
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Examples of First Lease Period in a sentence

  • According to the Lease Agreements, the Lessee was required to contribute monthly to the FF&E Reserve an amount equal to 2% of the Total Hotel Revenue for each Fiscal Year in the First Lease Period.

  • As per the rental income structure during the First Lease Period, the rent for each of the Initial Hotel Properties during the Subsequent Period is an Individual Rent which is payable monthly in arrear.

  • Pursuant to the Master Hotel Lease and Management Agreement, the predetermined Base Rent for each of the Lease Years during the First Lease Period is a minimum annual aggregate amount of RMB216 million.In addition, during the First Lease Period, the rent for each of the Initial Hotel Properties is an Individual Rent which is payable monthly in arrear.

  • Therefore, it is possible that Base Rent from the Initial Hotel Properties for the Subsequent Period may be higher or lower than the Base Rent for the First Lease Period.

  • During the last month of the First Lease Period of the Lease Term, the Williamson County Parks Department may, at its discretion, obtain a Soil Test.

  • According to the Lease Agreement, the Lessee was required to, at its own cost and expense, pay to the Lessor on a monthly basis during the First Lease Period the actual costs of any FF&E items disbursed.

  • Finally, the 14D-9 fails to disclose whether the negotiation over Encana’s retention of non-executive employees included any Board members.

  • Insights into sex chromosome evolution and aging from the genome of a short-lived fish.

  • In addition, the security deposit comprised within the 2019 Market Rental Package Determination is RMB20 million (which is the same as the amount of security deposit for the First Lease Period and Lease Year of 2018).

  • According to the Lease Agreement, the Lessee was required to, at its own costs and expense, pay to the Lessor on a monthly basis during the First Lease Period the actual costs of any FF&E disbursed.


More Definitions of First Lease Period

First Lease Period means the first five years of the Master Hotel Lease and
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Related to First Lease Period

  • Lease Period means each of the consecutive periods throughout the Basic Term and any Renewal Term ending on a Lease Period Date, the first such period commencing on and including the Delivery Date.

  • Lease Commencement Date has the meaning specified in Section 3.2 of the Master Lease.

  • Commencement Date of the Contract means the date of signing of the Contract between the Purchaser and the Contractor.

  • Collateral Release Period means each period commencing with the occurrence of a Collateral Release Event and continuing until the occurrence of the next Collateral Reinstatement Event, if any, immediately following such Collateral Release Event.

  • Second Extension Period means the period commencing on the day following the First Extended Scheduled Maturity Date and ending on the Second Extended Scheduled Maturity Date.

  • Extended Use Period means the period beginning on the 1st day in the compliance period on which such building is part of a qualified low-income housing project, and ending on the later of the date specified by such agency in such agreement, or the date which is 15 years after the close of the compliance period.

  • Rent Commencement Date means [Insert date or description] or any later date calculated in accordance with paragraph 3.3 of Part 5 of the Schedule;

  • Loan Commencement Date means, with respect to each Loan, the first Business Day of the calendar month following the Funding Date of such Loan.

  • Release Period means the period specified in paragraph 3(d) of the letter of consent.

  • Lease Termination Date means the last day of the Lease Term.

  • Billing Commencement Date means the earlier of:

  • Use Period means the period commencing on the date that the ABL Agent or an agent acting on its behalf (or an ABL Credit Party acting with the consent of the ABL Agent) commences the liquidation and sale of the ABL Priority Collateral in a manner as provided in Section 3.6 hereof (having theretofore furnished the Controlling Term Agent with an Enforcement Notice) and ending 180 days thereafter. If any stay or other order that prohibits any of the ABL Agent, the other ABL Secured Parties or any ABL Credit Party (with the consent of the ABL Agent) from commencing and continuing to Exercise Any Secured Creditor Remedies or from liquidating and selling the ABL Priority Collateral has been entered by a court of competent jurisdiction, such 180-day period shall be tolled during the pendency of any such stay or other order and the Use Period shall be so extended.

  • Commencement Date means the date fourteen (14) days after the date the Contract comes into effect or any other date named in the Contract Data.

  • Benefit Commencement Date means, for any Participant or beneficiary, the date as of which the first benefit payment, including a single sum, from the Participant’s Account is due, other than pursuant to a withdrawal under Article VIII.

  • Offer Commencement Date means the date on which Purchaser commences the Offer, within the meaning of Rule 14d-2 under the Exchange Act.

  • Project Commencement Date means the commencement date notified to the Minister pursuant to clause 4(1);

  • Offering Commencement Date means the first day of each Offering Period.

  • First Extension Period means a period of twelve (12) consecutive months following the Initial Maturity Date.

  • Pay Out Commencement Date means the date on which a Trust Pay Out Event is deemed to occur pursuant to Section 9.01 of the Agreement or a Series 2001-D Pay Out Event is deemed to occur pursuant to Section 7 hereof.

  • Extended Term shall have the meaning given such term in Section 2.4.

  • Services Commencement Date means the date delivery of the Services shall commence as specified in the Key Provisions. If no date is specified in the Key Provisions this date shall be the Commencement Date;

  • Extension Term means the time period defined in §2.C.

  • Rental Period means the calendar period during which Government property is made available for nongovernmental purposes.

  • Base Period means (i) the test period ending December 31, 2010 (or, if the Commission has elected to stagger its biennial reviews of utilities as provided in subdivision 1, the test period ending December 31, 2010, for a Phase I Utility, or December 31, 2011, for a Phase II Utility), or (ii) the most recent test period with respect to which credits have been applied to customers' bills under the provisions of this subdivision, whichever is later.

  • Commencement Date or Handover Date means the date on which the Licensed Space of first lot of stations as per Annexure 1 is handed over by DMRC to the Selected Bidder, in accordance with the terms of this agreement.

  • Initial Contract Period means the period from the Commencement Date to the date of expiry set out in clause A2 (Initial Contract Period), or such earlier date of termination or partial termination of the agreement in accordance with the Law or the provisions of the Contract.