Lease Commencement. Sublandlord shall make reasonable efforts to provide the Premises to Subtenant by October 1, 2010 and shall leave the Premises broom clean, in good order and condition. Sublandlord agrees to use its commercially reasonable efforts to work with Overlandlord and Archemix to obtain written agreement as to the specific dates for Archemix to vacate the Building, and Sublandlord agrees to negotiate in good faith with Subtenant if Sublandlord reasonably believes that Sublandlord will be able to deliver the Premises on a date that is prior to October 1, 2010. Time shall be of the essence with regard to the dates provided in this section. Base Rent: Rent shall be $49.00 NNN per rentable square foot. Rent Commencement: Upon delivery of the Premises. Operating Expenses, Insurance and (teal Estate Taxes: Subtenant will pay its proportionate share of the actual operating expenses. Subtenant reserves the right to review a projected operating expense budget prior to Sublease execution. The operating expenses are currently projected to be $13.68/rsf for Calendar Year 2010. Subtenant will pay its proportionate share of the real estate taxes. The real estate taxes are estimated to be $9.69/rsf for Fiscal Year 2010. Subtenant shall be responsible for paying for its utilities and for the cleaning of the Premises. The Premises are separately submetered for electric. Rental Abatement: None. Delivery Condition: Space will be delivered “as is,” broom clean, and in good order and condition.
Lease Commencement. Date: December 1, 1993 or such earlier or later date as provided In Section 3 hereof ("Commencement Date").
Lease Commencement. DATE: January 1, 1999 RENT COMMENCEMENT DATE: January 1, 1999 LEASE EXPIRATION DATE: December 31, 2010
Examples of Lease Commencement in a sentence
If any Rent payment date (including the Lease Commencement Date) falls on a day of the month other than the first day of such month or if any payment of Rent is for a period which is shorter than one month, the Rent for any fractional month shall accrue on a daily basis for the period from the date such payment is due to the end of such calendar month or to the end of the Lease Term at a rate per day which is equal to 1/365 of the applicable annual Rent.
Tenant shall deliver said policy or policies or certificates thereof to Landlord on or before the Lease Commencement Date and at least thirty (30) days before the expiration dates thereof.
The term of this Lease (the "Lease Term") shall be as set forth in Section 3.1 of the Summary, shall commence on the date set forth in Section 3.2 of the Summary (the "Lease Commencement Date"), and shall terminate on the date set forth in Section 3.3 of the Summary (the "Lease Expiration Date") unless this Lease is sooner terminated as hereinafter provided.
Tenant shall deliver said policy or policies or certificates thereof to Landlord on or before the Lease Commencement Date and at least ten (10) days before the expiration dates thereof.
The Lease Term shall be that period of time commencing on the Lease Commencement Date and ending on the Lease Expiration Date (the "Lease Term").
More Definitions of Lease Commencement
Lease Commencement means the date on which the Company occupies the Property with its employees.
Lease Commencement. Date: July 1, 1997 Lease Termination Date: June 30, 2000 unless sooner terminated as herein provided. Annual Fixed Rent for the Lease Term: $185,079 per annum ($15,423.25/month) for each Lease Year during the Initial Lease Term which includes Tenant's electricity charge for the Leased Premises. As used in this Lease, Lease Year shall mean a period of twelve (12) calendar months, with the first Lease Year to commence upon the Lease Commencement Date and end upon the anniversary thereof, and with successive Lease Years continuing for twelve (12) month intervals thereafter until the Lease Termination Date. XXXXXX's Share of Base Operating Expenses Included in Annual Fixed Rent Those incurred during calendar year ending December 31, 1996, or $3.25 per square foot, whichever is higher. XXXXXX's Share of Real Estate Tax Expenses Included in Annual Fixed Rent per rentable square foot of the Leased Premises. XXXXXX's Proportionate Share of Operating Expenses: 10.5% Percent XXXXXX's Proportionate Share of Real Estate Tax Expenses: 10.5% Percent Total Rentable Floor Area of the Building: approximately 103,455 rentable square feet, including fifteen (15) percent common area factor. Security Deposit: $92,539.50 - see Section 4
Lease Commencement. This lease shall commence when Lessee takes possession of the Property, which date shall be the later of the following dates:
Lease Commencement. Upon completion of Landlord's work, estimated to be May 1, 2000 Lease Expiration: Estimated to be April 30, 2010 Rent Commencement: Three (3) months after Lease Commencement Base Rent: Years 1-5: $33.00 pRSF Years 6-10: $36.00 pRSF Electricity: Sub-metered
Lease Commencement. Sublandlord shall make reasonable efforts to provide the Premises to Subtenant by October 1, 2010 and shall leave the Premises broom clean, in good order and condition. Sublandlord agrees to use its commercially reasonable efforts to work with Overlandlord This letter/proposal is intended solely as a preliminary expression of general intentions and is to be used for discussion purposes only. The parties intend that neither shall have any contractual obligations to the other with respect to the matters referred herein unless and until a definitive agreement has been fully executed and delivered to the parties. The parties agree that this letter/proposal is not intended to create any agreement or obligation by either party to negotiate a definitive lease/purchase and sale agreement and imposes no duty whatsoever on either party to continue negotiations, including without limitation any obligation to negotiate in good faith or in any way other than at arm's length. Prior to delivery of a definitive executed agreement and without any liability to the other party, either party may (1) propose different terms from those summarized herein, (2) enter into negotiations with other parties and/or (3) unilaterally terminate all negotiations with the other party hereto. (page 3 of 10) and Archemix to obtain written agreement as to the specific dates for Archemix to vacate the Building, and Sublandlord agrees to negotiate in good faith with Subtenant if Sublandlord reasonably believes that Sublandlord will be able to deliver the Premises on a date that is prior to October 1, 2010. Time shall be of the essence with regard to the dates provided in this section. Base Rent: Rent shall be $49:00 NNN per rentable square foot. Rent Commencement: Upon delivery of the Premises. Operating Expenses, Insurance and Real Estate Taxes: Subtenant will pay its proportionate share of the actual operating expenses. Subtenant reserves the right to review a projected operating expense budget prior to Sublease execution. The operating expenses are currently projected to be $13.68/rsf for Calendar Year 2010. Subtenant will pay its proportionate share of the real estate taxes. The real estate taxes are estimated to be $9.69/rsf for Fiscal Year 2010. Subtenant shall be responsible for paying for its utilities and for the cleaning of the Premises. The Premises are separately submetered for electric. Rental Abatement: None. This letter/proposal is intended solely as a preliminary expression of ge...
Lease Commencement. Date: February 1. 1999 or such earlier date as the is provided in Article 3 of this Lease ("Commencement Date").
Lease Commencement. The proposed amendment shalx xxxxxxxx xx or about June 15, 2004. AMENDMENT TERM: Month to month Sixty (60) day notice to terminate lease amendment. ANNUAL FULL SERVICE Eight thousand four hundred thirty-eighty ($8,438.00) BASE RENTAL RATE: dollars per month. Enclosed for your review is a copy of our Sale/Lease Disclosure form. The terms of this offer, and any further negotiations concerning this property, are subject to the terms of the attached Disclosures and Acknowledgment incorporated herein by this reference. Please review the Disclosure and confirm that the information provided herein is accurate and correct, and advise immediately if any such information is incorrect. In addition, to assist the Tenant in the evaluation of the above-described property, please provide to me any and all information which you may have regarding environmental matters affecting the property and regarding the condition of the property, including, but not limited to structural, mechanical and soils conditions, the presence and location of asbestos, PCB transformers and any other toxic, hazardous or contaminated substances, and underground storage tanks, in, on, or about the property. Also, please provide me with any information which you have regarding whether the subject property is subject to the Americans with Disabilities Act (ADA), a federal law codified at 42 USC Section 12101 et acq., whether the property is in compliance with the ADA and/or whether any structural modifications may be required, whether by reason of this transaction or otherwise, in order to comply with the ADA.