First Rental Period definition

First Rental Period. As defined in (S)4.2(b) of the Ground Lease.
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First Rental Period shall have the meaning set forth in Section 1.1 hereof.
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First Rental Period means the period commencing on the Commencement Date and ending on December 31, 2002.
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Examples of First Rental Period in a sentence

  • Notwithstanding the foregoing, Base Rent in respect of the period from and including the Commencement Date to but not including the Base Rent Commencement Date shall equal the First Rental Period Base Rent.

  • The first Rent Payment Date shall be, and the first installment payment of Base Rent shall be payable on, July 9, 2007 (the “Base Rent Commencement Date”), which payment shall include (i) the First Rental Period Base Rent and (ii) Base Rent in respect of the Rental Period beginning July 9, 2007 and ending August 8, 2007.

  • Equipment Rent for the First Rental Period shall be an amount equal to interest at the Base Rate on the Equipment Balance from time to time outstanding.

  • On each Acquisition Date and on each Basic Rent Payment Date during the First Rental Period, all Equipment Rent accrued as of such date and not paid (“Accrued Equipment Rent”) shall be added to the Equipment Balance.

  • The Company recognizes the effects of scheduled rent increases and rent abatements on a straight-line basis over the term of the ground lease, which is estimated at $2,760,000 annually during the First Rental Period.

  • On each Basic Rent Payment Date during the First Rental Period, all Building Rent accrued as of such date and not paid (“Accrued Building Rent” ) shall be added to the Building Balance.

  • Except as otherwise provided in Section 3.l(c), no Equipment Rent shall be payable during the First Rental Period (but the Sublessee may elect to pay Equipment Rent during the First Rental Period as provided in Section 3.

  • Building Rent for the First Rental Period shall be in an amount equal to interest at the Base Rate on the Building Balance from time to time outstanding.


More Definitions of First Rental Period

First Rental Period means the period commencing on the Rent Commencement Date and ending on the five-year anniversary of the Rent Commencement Date (as hereinafter defined).
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Related to First Rental Period

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

  • Renewal Period “Buyer” and “Default” have the same meanings respectively as they have in the Water Agreement.

  • Basic Rent Payment Date means the Delivery Date, and the numerically corresponding day in each calendar month thereafter during the Term, and if such day is not a Business Day, then the immediately preceding calendar day which is a Business Day.

  • Automatic Renewal Term has the meaning set forth in Section 10(a) hereof.

  • Commencement Date means the date of this Agreement;

  • Renewal Term has the meaning set forth in Section 2.

  • 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.

  • Rent Payment Date means each date on which an installment of rent is due and payable pursuant to Section 5(a) hereof.

  • Lease Year means each consecutive twelve-month period beginning with the Commencement Date, except that if the Commencement Date is not the first day of a calendar month, then the first Lease Year shall be the period from the Commencement Date through the final day of the twelve months after the first day of the following month, and each subsequent Lease Year shall be the twelve months following the prior Lease Year.

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

  • ROFO Period is defined in Section 6.1(a).

  • Base Rental means the sum of Seven Hundred Nineteen Thousand Two Hundred Sixty-Eight and NO/100 Dollars ($719,268.00), payable by Tenant to Landlord in sixty (60) monthly installments as follows:

  • Annual Renewal Date means the date in any calendar year, subsequent to the year in which the Policy comes into effect, corresponding numerically with the Policy Commencement date in that subsequent year.

  • Option Term means a period, if any, through which this Agreement may be or has been extended by the JBE.

  • Rent Commencement Date means the Commencement Date.

  • Recapture Period means, with respect to any Project, the period from the date such Project is Placed in Service through the fifth anniversary of such date.

  • Option Period means the period during which an Option may be exercised.

  • Original Term shall have the meaning specified in Section 10 hereof.

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

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

  • Lease Term means the term of this Lease which shall commence on the Commencement Date and continue for the period specified in Section J of the Summary.

  • Three-Year Period means, with respect to a Restatement, the three completed fiscal years immediately preceding the date that the Board, a committee of the Board, or the officer or officers of the Company authorized to take such action if Board action is not required, concludes, or reasonably should have concluded, that the Company is required to prepare such Restatement, or, if earlier, the date on which a court, regulator or other legally authorized body directs the Company to prepare such Restatement. The “Three-Year Period” also includes any transition period (that results from a change in the Company’s fiscal year) within or immediately following the three completed fiscal years identified in the preceding sentence. However, a transition period between the last day of the Company’s previous fiscal year end and the first day of its new fiscal year that comprises a period of nine to 12 months shall be deemed a completed fiscal year.

  • Vesting Commencement Date means the Grant Date or such other date selected by the Committee as the date from which an Award begins to vest.

  • Election Period means the period immediately preceding the beginning of each Plan Year established by the Administrator, such period to be applied on a uniform and nondiscriminatory basis for all Employees and Participants. However, an Employee's initial Election Period shall be determined pursuant to Section 5.1.

  • Rent Payment means the amount payable by Lessee for the Assets as specified in the applicable Schedule.

  • Operating Period means the period commencing from the Commercial Operation Date, until the last day of the Term of this Agreement or date of earlier termination of this Agreement in accordance with Article 2 of this Agreement;