Term Commencement definition

Term Commencement means the commencement of the Term of this Agreement, which is the latter of the first day the WMODA Project museum is open to the public or the Completion of Construction of the Parking Garage (but no later than December 1, 2027).
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Term Commencement. Initial Premises: February 1, 2000 Paragraph 2 Expansion Premises: The date on which Landlord delivers the Expansion Premises to Tenant pursuant to Paragraph 2.
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Term Commencement. Office Space: Paragraph 2 The later of (i) March 1, 1999 and (ii) the date that the Tenant Improvements are substantially completed (as defined in paragraph 7 of Exhibit C). --------- Warehouse Space: October 1, 1999 (the "Warehouse Commencement Date")
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Examples of Term Commencement in a sentence

  • Tenant has executed this Acknowledgment of Term Commencement Date and Term Expiration Date as of the date first written above.

  • If the Term Commencement Date is a date other than the first day of the calendar month, the Term shall be the number of months of the Length of Term in addition to the remainder of the calendar month following the Term Commencement Date.

  • As a material inducement to Landlord to allow Tenant to use Hazardous Materials in connection with its business, Tenant agrees to deliver to Landlord prior to the Term Commencement Date a list identifying each type of Hazardous Material to be present on the Premises and setting forth any and all governmental approvals or permits required in connection with the presence of such Hazardous Material on the Premises (the “Hazardous Materials List”).

  • For the avoidance of doubt, the items listed on Exhibit H attached hereto (which Exhibit H may be updated by Tenant from and after the Term Commencement Date, subject to Landlord’s written consent) constitute Tenant’s property and shall be removed by Tenant upon the expiration or earlier termination of the Lease.

  • On or prior to each Basic Term Commencement Date, Lessee and Lessor shall each execute and deliver a Lease Supplement for the Property to be leased effective as of such Basic Term Commencement Date in substantially the form of Exhibit A hereto.

  • Tenant shall not be liable for the cost of utilities supplied to the Premises attributable to the time period prior to the Term Commencement Date; provided, however, that, if Landlord shall permit Tenant possession of the Premises prior to the Term Commencement Date and Tenant uses the Premises for any purpose other than placement of personal property as set forth in Section 4.3, then Tenant shall be responsible for the cost of utilities supplied to the Premises from such earlier date of possession.

  • Without limiting the foregoing, Seller shall cause such Balancing Authority to qualify and recognize Seller as the Market Participant or other representative for the Facility before such Balancing Authority as of no later than the Delivery Term Commencement Date (or such later date as of which such concept is applicable) and maintain such qualification and recognition throughout the remainder of the Delivery Term (so long as such concept continues to be applicable).

  • The service contract must include all services suggested by the equipment manufacturer within the operation/maintenance manual and must become effective and a copy thereof delivered to Landlord within thirty (30) days after the Term Commencement Date.

  • Tenant shall deliver to Landlord an updated Hazardous Materials List on or prior to each annual anniversary of the Term Commencement Date and shall also deliver an updated Hazardous Materials List before any new Hazardous Materials are brought onto the Premises.

  • For the period from and including the Lease Commencement Date to the Basic Term Commencement Date ("Interim Period"), Lessee shall pay as rent ("Interim Rent") for each unit of Equipment, the product of the Daily Lease Rate Factor times the Capitalized Lessor's Cost of such unit times the number of days in the Interim Period.


More Definitions of Term Commencement

Term Commencement. Date: October 1, 1997 Term Expiration Date: September 30, 2000 Fixed Rent: $480,500/year $40,041.67/month Special Provisions: Option to Extend - Article III Estimated Annual Tenant's Proportional Share of $45,880.00/year Common Area Maintenance $3,823.33/month (year ending 12/31/97):
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Term Commencement. February 1, 1995, except April 1, 1995 for 366 "A" Lakeside Drive and July 1, 1996 for remainder of 342 ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇se Rent: February 1, 1996 through June 30, 1996: $64,693.25 July 1, 1996 through January 31, 1997: $93,028.25 February 1, 1997 through January 31, 1998: $95,841.00 First Option Period: February 1, 1998 through January 31, 2000: $105,737.50 February 1, 2000 through January 31, 2002: $109,967.00 Tenant's Percentage Share: 342 ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Through June 30, 1996: 12.79%; from July 1, 1996: 100% 322 ▇▇▇▇▇▇▇▇ ▇▇▇▇▇: 55.15% 324 ▇▇▇▇▇▇▇▇ ▇▇▇▇▇: 100.00% 366 ▇▇▇▇▇▇▇▇ ▇▇▇▇▇: 46.50% Landlord's Address for Notices: WCB Sixteen Limited Partnership c/o WCB Properties 393 ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇
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Related to Term Commencement

  • Term Commencement Date shall be the later of (i) November 1, 2006 or (ii) the date on which Landlord’s Work is Substantially Complete (or the date on which Landlord’s Work would have been Substantially Complete absent Tenant Delay or Force Majeure (as defined below)); provided, however, that if the Term Commencement Date is not the first day of a calendar month, then the first lease year shall be extended through the last day of the calendar month in which the first 12-month period expires, and Rent for the additional period at the end of the first lease year shall be payable at the rate for the 12th month of the Term. “Force Majeure” means accident; breakage; repair; governmental regulation, moratorium or other governmental action. The “Term Expiration Date” shall be the day immediately preceding the seventh (7th) anniversary of the Term Commencement Date, provided that if such preceding day is not the last day of a calendar month, then the Term Expiration Date shall be the last date of the calendar month in which such preceding day occurs. Landlord and Tenant shall each execute and deliver to the other written acknowledgment of the actual Term Commencement Date and the Term Expiration Date when such are established, and shall attach it to this Lease as Exhibit B. Failure to execute and deliver such acknowledgment, however, shall not affect the Term Commencement Date or Landlord’s or Tenant’s liability hereunder. Failure by Tenant to obtain validation by any medical review board or other similar governmental licensing of the Premises required for the Permitted Use by Tenant shall not serve to extend the Term Commencement Date.

  • Loan Commencement Date means, with respect to each Growth Capital Loan: (a) the first day of the first full calendar month following the Borrowing Date of such Loan if such Borrowing Date is not the first day of a month; or (b) the same day as the Borrowing Date if the Borrowing Date is the first day of a month.

  • the commencement date means the date on which the Contract shall take effect, as notified by the Authority to the Contractor in a letter awarding the Contract.

  • Rent Commencement Date means [Insert date or description] or any later date calculated in accordance with paragraph 3.3 of Part 5 of the Schedule;

  • Construction Commencement Date means the date set out in the Addendum, if applicable, by which you must commence construction of the Hotel. For the Hotel to be considered under construction, you