Partial Lease Year definition

Partial Lease Year means that portion of the Lease Term prior to the first full Lease Year or following the last full Lease Year.

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Partial Lease Year means the period, if any, of fewer than twelve (12) consecutive calendar months between the Commencement Date and the first day of the first Lease Year, and the period, if any, of less than twelve (12) consecutive calendar months between the last day of the last Lease Year and the expiration of the Lease Term.

Partial Lease Year as used herein shall mean the first (1st) two (2) full calendar months of the eighth (8th)

Examples of Partial Lease Year in a sentence

• Any reference in this Lease to a Lease Year will, unless the context clearly indicates otherwise, be deemed to be a reference to a Partial Lease Year if the period in question involves a Partial Lease Year.

• If Minimum Rent for any Lease Year or Partial Lease Year is reduced or abated for any reason, the Sales Breakpoint shall be reduced in direct proportion to the reduction or abatement of Minimum Rent for the period of time that such reduction or abatement of Minimum Rent is in effect.

• In the event of a Partial Lease Year, the Sales Breakpoint shall be determined by multiplying the Sales Breakpoint for the full Lease Year, by a fraction, the numerator of which shall be the number of days contained in such Partial Lease Year and the denominator of which shall be 365 days.

• If the Statement shows that the actual amount Tenant owes is more than the estimated Additional Rent paid by Tenant during such Lease Year or Partial Lease Year, Tenant will pay the difference within thirty (30) days after the Statement is delivered to Tenant.

• As soon as practicable after each Lease Year or Partial Lease Year ends, Landlord will give Tenant a statement (the “Statement”) showing the actual amounts payable by Tenant under this Rider for such Lease Year.

More Definitions of Partial Lease Year

Partial Lease Year means that period from and including the Commencement Date to the end of the calendar year during which this Lease commences and that period from the beginning of the calendar year in which this Lease terminates to and including the Expiration Date.

Partial Lease Year means (a) the period ------------------ between the Commencement Date, if that date is not the first day of a month, and the day before the beginning of the first Full Lease Year, and (b) if the 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 Term. "Lease Year" means either a Full Lease Year ---------- or Partial Lease Year, as the case may be. As used herein, the term "Commencement Date" shall mean the date of the earlier to occur of (i) the date ----------------- Tenant opens to the public for business from the Premises, or (ii) sixty (60) days after the Substantial Completion Date. If the Commencement Date does not occur within three (3) years after the date hereof, this Lease shall automatically terminate and be of no further force or effect, unless otherwise approved by both parties, in the event of which termination neither party shall have any further liability or obligation hereunder.

Partial Lease Year means the period between the end of the last full ------------------ Lease Year and the termination of this Lease.

Partial Lease Year means any other period of time other than a full calendar year.

Partial Lease Year. Any period during the Term which is less than a full Lease Year.

Partial Lease Year means if the Completion Date is a date other than November 1, then the period from the Completion Date to the first day of the first Lease Year. Unless otherwise expressly provided for herein, all terms and conditions herein shall apply the same to a Partial Lease Year as to a Lease Year; provided, however, that all payments and other financial obligations shall be apportioned or prorated pursuant to Section 31.7 hereof.

Partial Lease Year means that portion of the Lease Term prior to the first full Lease Year or following the last full Lease Year. Notwithstanding the foregoing, in the event the Commencement Date occurs during the period from and including December 2, 1999 through and including December 24, 1999, then the first Lease Year shall commence on the Commencement Date and end on November 30, 2000.