Commencement of Lease Term. Pursuant to Article III, Section 3.01, paragraph (a) of the above-referenced Lease, the parties to said Lease agree to the following:
Commencement of Lease Term. The lease term shall commence as provided in Section 1.3 of the lease. If substantial completion of Tenant Work is delayed as a result of:
Commencement of Lease Term. The Lease Term shall commence on the Commencement Date.
Commencement of Lease Term. The Lease Term applicable to each Lease shall commence and interest shall begin to accrue on the date specified in such Lease and shall continue until all Rental Payments and all other amounts due under such Lease have been paid in full, unless terminated earlier as provided in Section 5.02.
Commencement of Lease Term. The Lease Term shall commence as of the date of delivery of the Series 2024 Bonds and shall terminate at midnight on December 31, 2024. The Lease Term may be continued, solely at the option of the County, beyond the termination of the Original Term for an additional year, the first “Renewal Term”, and for 32 consecutive additional Renewal Terms thereafter each of one year in duration (except that the final Renewal Term shall commence January 1, 2055, and end on October 1, 2055), upon the County having budgeted and appropriated, prior to the end of the then current Original or Renewal Term, sufficient County Funds for the payment of Base Rentals and reasonably estimated Additional Rentals to become due during the next following Renewal Term, it being understood that by budgeting and appropriating such amounts, the County shall have elected to continue the Lease Term for the next following Renewal Term and shall have given adequate notice thereof as contemplated by the Utah Local Building Authority Act, and it being further understood that if no payment is due and owing during a Renewal Term, the County shall be deemed to have continued the Lease Term for said Renewal Term. The terms and conditions during any Renewal Term shall be the same as the terms and conditions during the Original Term, except that the Base Rentals and Purchase Option Price shall be as otherwise provided herein. Notwithstanding anything contained elsewhere herein to the contrary, the Lease Term will be automatically renewed prior to the Completion Date of the Project, since the County will not be required to budget and appropriate funds for the payment of Base Rentals until such date and should the County budget and appropriate funds for the payment of Base Rentals and reasonably estimated Additional Rentals to become due during the following Renewal Term with respect to the Lease, the County shall automatically be deemed to have continued the Lease Term for such Renewal Term. Should the County fail to budget and appropriate funds for the payment of Base Rentals and reasonably estimated Additional Rentals to become due during the following Renewal Term under the Lease, the County may, nevertheless elect to continue the Lease Term in accordance with the provisions hereof.
Commencement of Lease Term. The Original Term of this Lease shall commence on the Accrual Date and shall terminate immediately following the last day of Lessee’s then current fiscal year. The Lease Term will be subject to renewal at the end of the Original Term or any Renewal Term for an additional year (each a “Renewal Term”), upon the appropriation of funds for the ensuing fiscal year’s Rental Payments, unless Lessee gives written notice to Lessor not less than 90 days prior to the end of the Original Term or Renewal Term then in effect, or such other notice as may be provided in Article VI hereof, of Lessee’s intention to terminate this Lease at the end of the Original Term or Renewal Term, upon receipt by Lessor of any Rental Payments due for the then current year. The terms and conditions during any Renewal Term shall be the same as the terms and conditions during the Original Term, except that the Rental Payments shall be as provided in Exhibit A hereto.
Commencement of Lease Term. Section 4.2 Termination of Lease Term.................................................... ARTICLE V ENJOYMENT OF PROJECT ARTICLE VI
Commencement of Lease Term. The terms and conditions of this lease shall be effective upon signing, but for purposes of determining the lease term and commencement of fixed minimum rent and Common Facilities contributions, it is acknowledged and agreed that the term shall commence July 1, 2017 (“Commencement Date”) and terminate on June 30, 2022. All of LESSEE'S payment responsibilities under this lease shall begin on the Commencement Date. If the Commencement Date is any day other than the first day of a calendar month, a prorated portion of a monthly rental installment and Common Facilities Contributions (as defined below), based upon the amount of monthly rents and contributions payable during the first full twelve (12) months, shall be due for the period from the Commencement Date to the last day of the month in which the Commencement Date occurs. This shall be in addition to the amounts set forth in Section 3 below. The first lease year shall commence on the Commencement Date, however, if the Commencement Date is other than the first day of a calendar month, the first lease year shall consist of the remaining part of such month and the next consecutive twelve (12) calendar months. Each succeeding lease year shall commence on the day after the conclusion of the previous lease year.
Commencement of Lease Term. The lease term shall not commence until Lessor has substantially completed all work to be performed by Lessor under the provisions of this Exhibit, except for the completion or correction of items on the Architect's punch list. If Lessor shall be delayed, however, in substantially completing said work as a result of:
Commencement of Lease Term. Pursuant to Article III, Section 3.01, paragraph (a) of the above-referenced Lease, the parties to said Lease agree to the following: The Commencement Date of the Lease and the Lease Term commenced on said date. The Expiration Date for the initial Lease Term is . The date for commencement of Base Rent for the Premises is . The date for commencement of Additional Rent, including, without limitation, Operating Expenses is . Attached hereto as a part hereof is a true and correct schedule of Base Rent. The total Rentable Area of the Premises is an agreed rentable square feet. Each person executing this Memorandum certifies that he or she is authorized to do so on behalf of and as the act of the entity indicated. Executed as of , 200 , at Redwood City (San Mateo County), California. “Lessor” PACIFIC SHORES INVESTORS, LLC a Delaware limited liability company By: Pacific Shores Mezzanine, LLC, a Delaware limited liability company, its sole member By: Pacific Shores Junior Mezz, LLC, a Delaware limited liability company its sole member By: Pacific Shores Junior Mezz Managers, LLC, a Delaware limited liability company, its sole member By: Pacific Shores Development, LLC, a Delaware limited liability company, its sole member By: TECHNOLOGY LAND LLC, a California limited liability company, Operating Member By: Xxx Xxxx, Sole Managing Member “Lessee” PDL BIOPHARMA, INC., a Delaware corporation By: (Type or Print Name) Its: EXHIBIT C to PACIFIC SHORES INVESTORS, LLC LEASE to PDL BIOPHARMA, INC., a Delaware corporation as LESSEE for PREMISES at Xxxxxxx Xxxxxx Xxxxxx Xxxxxxxx 00 Xxxxxxx Xxxx, Xxxxxxxxxx 00000 SNDA SUBORDINATION, NONDISTURBANCE AND ATTORNMENT AGREEMENT NOTICE: THIS SUBORDINATION AGREEMENT RESULTS IN YOUR OPTION AGREEMENT, BUILDING 9 LEASE AND BUILDING 10 LEASE BECOMING SUBJECT TO AND OF LOWER PRIORITY THAN THE LIEN OF THE DEED OF TRUST (DEFINED BELOW). THIS AGREEMENT is dated for reference as of the day of , 2006, and is made between XXXXX FARGO BANK, N.A., as Trustee for the Registered Holders of Credit Suisse First Boston Mortgage Securities Corp., Commercial Mortgage Pass-Through Certificates Series 2004-TFL2 (“Mortgagee”), PACIFIC SHORES INVESTORS, LLC, a Delaware limited liability company (“Lessor”), and PROTEIN DESIGN LABS, INC., a Delaware corporation (“Lessee”).
