Main Term definition

Main Term. Lease Year" Defined.

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Main Term means the period beginning as of the Rent Commencement Date and, subject to the terms and conditions of this Lease, ending on the last day of the Fifteenth (15th) Rent Year.

Main Term means the Main Term of this Lease as defined in Section 3.03.

Examples of Main Term in a sentence

Tenant shall occupy the Premises upon commencement of the Main Term and thereafter shall continuously occupy and use the Premises for the permitted use as set forth in clause (i) of the Fundamental Lease Provisions ("Permitted Use") and for no other purpose whatsoever without the prior written consent of Landlord.
During the first sixty (60) full calendar months of the Main Term, Tenant shall pay annual Base Rent in the amount of $10.00 times the ground-floor gross leasable square footage contained in the Building (as measured from the exterior boundary of exterior building walls) (the "Initial Base Rent"), payable in equal monthly installments.
In addition to the Main Term, Tenant shall have the option (a "Renewal Option") to renew and extend the Lease for five (5) consecutive five (5) year periods (the "Option Periods") immediately following the Main Term, at the rent specified below.
If the Taking occurs within the last two (2) years of the Main Term or of any Option Period and has a material impact on Tenant's ability to conduct business as reasonably determined by Tenant, this Lease shall terminate at Tenant's option, such option to be exercised by Tenant giving not less than thirty (30) days' prior written notice to Landlord within sixty (60) days of the date of such Taking.
The term “Term of this Lease” (sometimes herein called the “Term” or “Lease Term”) means, inclusively, the Preliminary Term, if any, and the Main Term and any Option Term, extension, renewal or holdover of the Main Term which is consented to in writing by Landlord.

More Definitions of Main Term

Main Term means that period of time from the Rent Commencement Date through and including the last day of the fifth (5th) full Lease year.

Main Term means the Initial Main Term and any Renewal Main Terms, collectively.

Main Term means the period starting on the Commencement Date and, subject to the other terms and conditions of this Lease, continuing for a period as set forth under Fundamental Lease Provisions. “Lease Year” means each successive twelve (12) month period during the Term commencing with the first day of the month following the month in which the Main Term started. The Main Term shall expire on the last day of the month in which the day which is five (5) years and five (5) months after the Commencement Date. “Partial Lease Year” means (a) the period between the first day of the Main Term, if that date is not

Main Term means the period commencing on the Rent Commencement Date and, subject to the provisions of Article 15 and the other terms and conditions of this Lease, continuing for the number of years specified in clause (a) of the Fundamental Lease Provisions.

Main Term means a period of one hundred forty-four (144) months commencing on the Commencement Date. If Landlord's Contractor constructs the Initial Leasehold Improvements:

Main Term means the period starting on the date Landlord delivers possession of the Premises to Tenant in accordance with Section 2.05 and, subject to the other terms and conditions of this Lease, continuing for a period as set forth under Fundamental Lease Provisions. “Lease Year” means each successive twelve (12) month period during the Term commencing with the first day of the month following the month in which the Main Term started. The Main Term shall expire on the last day of the month in which the day which is ten (10) years and nine (9) months after the commencement date of the Main Term falls. “Partial Lease Year” means (a) the period between the first day of the Main Term, if that date is not the first day of a calendar month, and the last day before the beginning of the first full Lease Year; and (b) if the Main Term ends on other than the last day of a full Lease Year, the period beginning on the first day following the end of the final Full Lease Year of the Term and ending on the last day of the Main Term. “Lease Year” means either a full Lease Year or Partial Lease Year, as applicable.

Main Term means the period commencing on the Commencement Date and, subject to the provisions of Article 14 and the other terms and conditions of this Lease, continuing for the number of years specified in clause (a) of the Fundamental Lease Provisions.