Lease Year definition
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.
Lease Year means the twelve (12) month period commencing on the Commencement Date and each successive twelve (12) month period thereafter.
Lease Year means each twelve-month period during the term of the Lease commencing upon the effective date of the Lease.
Examples of Lease Year in a sentence
The “First Lease Year” means the period beginning on the Commencement Date and ending on the last day of the twelfth full calendar month thereafter; provided, however, if the Commencement Date is not the first day of a month, then the First Lease Year shall commence on the Commencement Date and shall continue for the balance of the month in which the Commencement Date occurs and for a period of twelve (12) full calendar months thereafter.
In the event a late charge is assessed hereunder, whether or not collected, for two (2) installments of Rent during any single Lease Year, then notwithstanding any provision of this Lease to the contrary, Rent may, at Landlord’s sole discretion and option, become due and payable quarterly in advance.
If Tenant elects to make a Lease Term Extension, tenant acknowledges: (a) Landlord shall have no obligation to make any improvements to the Premises; (b) for each Lease Year during the extended Term, Base Rent for such extended Term shall be increased by three percent (3%) each Lease Year; and (c) there is no option to further extend the Term beyond the Lease Term Extension.
More Definitions of Lease Year
Lease Year means, with respect to the first Lease Year, the period commencing on the Commencement Date and ending at midnight on the last day of the twelfth (12th) consecutive calendar month following the month in which the Commencement Date occurred, and each succeeding twelve (12) month period during the Term.
Lease Year means a period of twelve (12) consecutive full calendar months with the first Lease Year commencing on the date of the commencement of the term of this Lease and each succeeding Lease Year commencing upon the anniversary date of the first Lease Year; however, if this Lease does not commence on the first day of a month, then, the first Lease Year and each succeeding Lease Year shall commence on the first day of the first month following each anniversary date of this Lease;
Lease Year means a year of the Lease Term. The first Lease Year will commence on the Commencement Date and will end on the expiration of the twelfth full calendar month following thereafter. Each subsequent Lease Year will commence on the next day following the expiration of the preceding Lease Year and will end on the expiration of the twelfth full calendar month following thereafter or on the last day of the Lease Term, whichever occurs first.
Lease Year means each consecutive twelve (12) month period during the Lease Term. At any time during the Lease Term, Landlord may deliver to Tenant a notice in the form as set forth in Exhibit C, attached hereto, as a confirmation only of the information set forth therein, which Tenant shall execute and return to Landlord within five (5) days of receipt thereof.
Lease Year means any Fiscal Year during the Term and any partial Fiscal Year at the beginning or end of the Term.
Lease Year is defined to mean a period of twelve (12) consecutive calendar months. The first Lease Year shall begin on the Commencement date and end on the last day of the twelfth (12th) month thereafter. Lessee covenants and agrees that it will remain obligated under this Lease in accordance with its terms and that Lessee will not take any action to terminate, rescind, or avoid this Lease, notwithstanding the bankruptcy, insolvency, reorganization, composition, readjustment, liquidation, dissolution, winding-up or other proceeding affecting Lessor or any assignee of Lessor. Lessee will remain obligated under this lease regardless of any action with respect to this Lease which may be taken by any trustee or receiver of Lessor or of any assignee of Lessor in any proceeding or by any court in any proceeding. This Lease shall not terminate and Lessee's duties shall not be affected by the prohibition, limitation or restriction of Lessee's use of the Premises, or interference with such use by any private person or corporation. The rent and all other charges payable under this Lease shall continue to be payable and the obligations of Lessee shall continue unaffected, for so long as Lessor or a successor in title which takes subject to this Lease owns the Premises, unless the requirements to pay or perform are terminated pursuant to paragraph 11(d). If not sooner terminated, the Lease shall terminate on the expiration of the original term or at the end of any subsequent extension or renewal thereof, and Lessee hereby waives notice to vacate or quit the Premises and agrees that Lessor shall be entitled to the benefit of all provisions of law respecting the summary recovery of possession of the Premises from a lessee holding over to the same extent as if such notice had been given. Lessee hereby agrees that if it fails to surrender the Premises at the end of the primary term hereof or any extension or renewal hereof, Lessee will be liable to Lessor for any and all damages which Lessor shall suffer by reason thereof, and Lessee will indemnify Lessor against all claims and demands made by any succeeding Lessee against Lessor founded upon delay by Lessor in delivering possession of the Premises to such succeeding Lessee. For the period of six months prior to the expiration of the term hereof, including any extension or renewal hereof, Lessor shall have the right to display on the exterior of the Premises the customary sign "For Rent;" and during such period Lessor may show the P...
Lease Year means the twelve (12) month period commencing January 1st and ending December 31st.