Stabilized Period definition

Stabilized Period means the period commencing on 12:00 am PT on the first day of the First Stabilized Operating Year and ending at 11:59 pm PT on the Expiration Date
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Stabilized Period has the meaning set forth in Section 3.2.
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Examples of Stabilized Period in a sentence

  • The Minimum Annual Rent shall increase at the expiration of the five (5) year period immediately following the Stabilization Date, and at the expiration of each successive five (5) year period thereafter during the remainder of the Stabilized Period (each such date on which such an adjustment takes effect under this Section 3.2.4 is referred to as an “Adjustment Date”).

  • Prior to the commencement of the Stabilized Period, Tenant shall submit to Chief Real Estate Officer proposed policies and procedures pertinent to the operation of the Project and manner of providing the permitted services and uses required by this Lease (“Policies and Procedures”).

  • On or before the twentieth (20th) day of each month during the Stabilized Period, Tenant shall deliver to Auditor-Controller a correct statement of all applicable Gross Receipts for the immediately preceding calendar month and for that portion of the accounting year which ends with and includes the last day of the preceding calendar month for which Gross Receipts have been reported (“Gross Receipts Statement”).

  • The term “Annual Percentage Rent” means an amount equal to [To be determined by a fair market value study prior to the signing of this lease, with a minimum of 2.5% and not to exceed 4%.] of Tenant’s annual Gross Receipts, as defined below, realized by Tenant during each year of the Stabilized Period.