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 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 Fifth (5th) Rent Year.

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.

• If the Main Term should begin on a date other than the first (1st) day of a calendar month, Tenant shall pay Landlord as Base Rent for such days remaining in the partial month the product obtained by multiplying 1/365th of the Base Rent for the first Lease Year by the number of days remaining in such partial month.

• Subject to Tenant's right to self-insure hereunder, upon (i) commencement of the Main Term (as to casualty insurance), (ii) upon delivery of the Land (as to liability insurance) and (iii) no less than annually thereafter, Tenant and Landlord shall cause to be issued to each other in lieu of the original policy, a duplicate of such policy or appropriate certificates of insurance reasonably acceptable to the other party and evidencing compliance with the applicable covenants of this paragraph 14.

• After year 5 of the Main Term of this Lease and any of the Option Terms of this Lease, Tenant may purchase the Premises for ONE HUNDRED TWENTY-FIVE THOUSAND AND NO/100 DOLLARS ($125,000.00), less fifty percent (50%) of the Base Rent Tenant has paid to Landlord under this Lease up to the date of such purchase.

• Furthermore, Annual Base Rent shall increase on the first day of the one hundred twenty-first (121st) full calendar month of the Main Term and each five (5) years thereafter throughout the Term (each such date of Base Rent adjustment being hereinafter referred to as an "Adjustment Date"), over the Initial Base Rent by the lesser of twelve percent (12%) or one and one-half (1-1/2) times the percentage increase in the CPI-U.

More Definitions of Main Term

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 commencing on the Fourth Floor Commencement Date (i.e., October 1, 1997) and, subject to the provisions of Article 15 and the other terms and conditions of this Lease, continuing for seven (7) years and two (2) months, such that the Main Term shall expire at 11:59 p.m. on November 30, 2004.

Main Term shall have the meaning set forth in Section 1.A(4).

Main Term means the period starting on the Rent Commencement Date and, subject to the other terms and conditions of this Lease, ending on the date 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 in which the Rent Commencement Date occurs, except that the first Lease year shall mean the Main Term.

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 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.