Examples of Operating Term Commencement Date in a sentence
Such amount shall be payable in two installments of Seven Hundred Fifty Thousand Dollars ($750,000) each, with the first payment due upon commencement of construction, and the second payment due upon the Operating Term Commencement Date.
Consistent with the public pledge made by OVG, from the Charitable Funding Commitment Ten Million Dollars ($10,000,000) in cash or in-kind donations has been committed to YouthCare, a Washington corporation, over a twenty (20) year period commencing on the Operating Term Commencement Date pursuant to a separate written agreement to fund and support programs and services related to youth homelessness.
Set forth on Exhibit M are exclusive arrangements pursuant to contractual arrangements with third parties existing as of the Effective Date that will continue beyond the Operating Term Commencement Date regarding the Seattle Center that also affect the Premises.
Beginning on the Lease Execution Date, the leased premises will be the area depicted on Exhibit A (applicable during the construction period), and beginning on the Operating Term Commencement Date (as defined herein), the leased premises and the specific boundaries of the Arena will be the respective area depicted on Exhibit B, each attached hereto and incorporated herein by reference (during each applicable period, the “Premises”).
From the Operating Term Commencement Date and throughout the Term of the Lease Agreement, OVG shall secure and maintain insurance covering the Premises.
The contracting personnel are assigned to foreign in-country CTS Global client(s).
Effective as of the Operating Term Commencement Date, OVG shall either (a) assume from the City all of City’s rights and obligations pursuant to that certain Facility Use Agreement dated on or about July 18, 2017 by and between Force 10 Hoops, LLC (“Storm Tenant”) and the City (the “Existing Seattle Storm Lease”) or (b) enter into a new lease with Storm Tenant on terms and conditions negotiated between OVG and Storm Tenant (in which event the City will agree to terminate the Existing Seattle Storm Lease).
A Rent Adjustment is calculated with respect to specified revenue amounts exceeding corresponding threshold amounts as set forth on Exhibit L (the “Rent Adjustment Thresholds”) for periods from and after the Operating Term Commencement Date.
Until the Operating Term Commencement Date, the First Avenue North garage shall be excluded from the Premises, and the City shall retain operation of and revenues from the First Avenue North garage.
OVG shall be entitled to an annual rent adjustment (the “Rent Adjustment”) payable with respect to each calendar year of the Term, commencing with respect to the partial lease year in which the Operating Term Commencement Date occurs.