Examples of Lease Year in a sentence
Prior lo the expiration or sooner termination of the Lease Term and Xxxxxxxx’s acceptance of Xxxxxx’s surrender of the Premises, Landlord will have the right to estimate the actual Common Area Expenses for the then current Lease Year and to collect from Tenant prior to Tenant’s surrender of the Premises, Xxxxxx’s Share of any excess of such actual Common Area Expenses over the estimated Common Area Expenses paid by Tenant in such Lease Year.
For purposes of this Lease, the term “Lease Year” shall mean each consecutive twelve (12) month period during the Term: provided that, if the Commencement Date shall be other than the first day of a calendar month, then the first Lease Year shall commence on the Commencement Date and shall end on the last day of the month in which the first anniversary of the Commencement Date occurs; and further provided that, the last Lease Year shall end on the Expiration Date.