Initial Occupancy Period definition

Initial Occupancy Period means one calendar year after First Occupancy; (r)“Lands” has the meaning set out in Recital A;
View Source

Examples of Initial Occupancy Period in a sentence

  • The Premises shall consist of (a) from and after the Initial Delivery Date through the remainder of the Initial Occupancy Period (defined below), the Initial Premises (defined below); and (b) from and after the Final Delivery Date, the Initial Premises and the Additional Premises (defined below).

  • Tenant agrees to pay to Landlord its pro-rata share of the Services and Utilities, as Additional Initial Occupancy Expenses, during the Initial Occupancy Period in accordance with Section 3 above.

  • The time period between the Tenant Entrance Date and the first day of the first Lease Year shall be referred to as the "Initial Occupancy Period".

  • The monthly amount of the Additional Initial Occupancy Expenses, which Tenant shall pay to Landlord, for the Initial Occupancy Period shall be Twenty-Three Thousand Four Hundred Twenty-Two and 21/100 Dollars ADSLLP-00086836.8 ($23,422.21) a month, based on the estimated amount of Five and 50/100 Dollars ($5.50) per square foot, and which amount shall be subject to annual reconciliation as provided below.

  • During the Initial Occupancy Period, Tenant's contributions to Impositions, Insurance Premiums and Maintenance Costs (including common area utility charges) (as specified in Sections 5.1, 6.5, 12.1(b) and 14.2 herein) shall not exceed Fifty Cents (50") per square foot per year, payable monthly, less the per square foot amount paid by Tenant each month for said items at its Watk▇▇▇ ▇▇▇d Facility.

  • Notwithstanding the foregoing, the Tenant’s pro rata share of the Building total square footage during the Initial Occupancy Period is 48.19% of the 106,046 square feet, which results in the monthly amount of $10,816.80 for Basic Operating Expenses during the Initial Occupancy Period.

  • The base rent for the Premises (the “Base Rent”) is Eleven and 90/100 Dollars ($11.90) per square foot during the Initial Occupancy Period and the first year of the Initial Term.

  • The monthly amount of the Basic Operating Expenses, which the Tenant shall pay the Landlord, for the Initial Occupancy Period shall be Ten Thousand Eight Hundred Sixteen and 80/100 Dollars ($10,816.80) a month, based on the estimated amount of Two and 54/100 Dollars ($2.54) per square foot, and which amount shall be subject to annual reconciliation as provided below.

  • The agreed upon monthly amount of the Additional Initial Occupancy Expenses for the Initial Occupancy Period is $23,422.21, which amount shall be subject to annual reconciliation, as described in Section 3 of the Standard Lease Provisions of this Lease.

  • Annual Rent during the Initial Occupancy Period shall be equal to that amount which Tenant is no longer required to pay its landlord for Tenant's Watk▇▇▇ ▇▇▇d facility due to Tenant's transition out of said space to the Leased Premises.