Rent Year definition
Rent Year means, with respect to the first (1st) Rent Year, the period that begins on the Additional Premises Commencement Date and ends on the last day of the calendar month preceding the month in which the first (1st) anniversary of the Additional Premises Commencement Date occurs; thereafter each succeeding Rent Year shall commence on the day following the end of the preceding Rent Year and shall extend for twelve (12) consecutive months; provided, however, the final Rent Year shall expire on the Additional Premises Expiration Date. If the Additional Premises Commencement Date is not the first day of a calendar month, then the Fixed Rent due for the partial month commencing on the Additional Premises Commencement Date shall be prorated based on the number of days in such month.
Rent Year means each twelve (12) month period commencing on the Commencement Date and each anniversary thereof and ending on the last day of the twelfth (12) calendar month thereafter.
Rent Year. The first (1st) Rent Year shall be the period commencing on the Commencement Date and ending on the last day of the calendar month in which the first (1st) anniversary of the Commencement Date occurs, and each subsequent Rent Year shall be each period of twelve (12) full calendar months after the last day of the prior Rent Year.
Examples of Rent Year in a sentence
For each Rent Year (or portion thereof) during the Term, Tenant shall pay Landlord, as Additional Rent, ▇▇▇▇▇▇’s Share of Operating Expenses (the “Operating Payment”) in the manner set forth in Section 4(B).
More Definitions of Rent Year
Rent Year means each successive twelve (12) month period during the Lease Term commencing on the Rent Commencement Date.
Rent Year means the period of one year commencing on the first Monday in April.
Rent Year means, with respect to the Expansion Premises, any twelve (12) month period during the Term of the Lease commencing as of the Expansion Premises Rent Commencement Date, or as of any anniversary of the Expansion Premises Rent Commencement Date, except that if the Expansion Premises Rent Commencement Date does not occur on the first day of a calendar month, then (i) the first Rent Year shall further include the partial calendar month in which the first anniversary of the Expansion Premises Commencement Date occurs, and (ii) the remaining Rent Years shall be the successive twelve-(12)-month periods following the end of such first Rent Year. After the Expansion Premises Commencement Date, Landlord and Tenant shall confirm the Expansion Premises Commencement Date, the Expansion Premises Rent Commencement Date and the Yearly Rent with respect to the Expansion Premises in the form attached hereto as Exhibit C (the “Expansion Premises Commencement Date Letter”).
Rent Year means, as to Rent Year 1, the period commencing on the Rent Commencement Date and ending on the last day of the twelfth (12th) full calendar month thereafter, and as to each subsequent Rent Year, the twelve (12) full calendar month period commencing after the expiration of the prior Rent Year, except that the last Rent Year under this Lease shall in any event end on the expiration of this Lease.
Rent Year means each calendar year (or portion thereof) during the Term, provided that Landlord may, upon reasonable prior notice to Tenant, change the Rent Year from time to time to any other consecutive twelve (12) month period.
Rent Year shall be defined as any twelve month period during the Term of the Lease commencing as of the Expansion Premises Rent Commencement Date, or as of any anniversary of the Expansion Premises Rent Commencement Date, except that, if the Expansion Premises Rent Commencement Date does not occur on the first day of a calendar month, then Rent Year 10 shall commence as of the ninth anniversary of the Expansion Premises Rent Commencement Date and shall expire on the last day of the calendar month in which the tenth anniversary of the Expansion Premises Rent Commencement Date occurs.
Rent Year. The period commencing on the first day of the Term and ending with the day preceding the first anniversary of such first day, and each twelve- month period thereafter measured from each anniversary date, except that if the Period between the last such anniversary and the Expiration Date is less than twelve months, then the last Rent Year shall be such lesser period.