Initial Premises Commencement Date definition

Initial Premises Commencement Date shall have the meaning as set forth in Section “B”, Paragraph 2 of the Summary of Basic Lease Information.
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Initial Premises Commencement Date means the date which is the sooner of: (i) the date that the Initial Premises Work (as hereinafter defined) is substantially completed (in accordance with the provisions of Section 34.02(e) hereof), and (ii) the date which is such number of days prior to the Initial Premises Commencement Date as shall equal the number of days, if any, by which commencement or performance of the Initial Premises Work shall have been delayed by reason of Lessee's Delays (as hereinafter defined).
Sample 1
Initial Premises Commencement Date as defined herein (except as otherwise specifically set forth herein); (iii) each reference to "Landlord" and "Tenant" shall be deemed a reference to "Sublessor" and "Sublessee", respectively; (iv) with respect to work, services, repairs, restoration, insurance, capital improvements, or the performance of any other obligation of Master Lessor under the Master Lease, the sole obligation of Sublessor shall be to notify and demand performance from Master Lessor as and when requested to do so by Sublessee, and to use Sublessor's reasonable efforts (provided Sublessee pays all reasonable costs incurred by Sublessor in connection therewith) to obtain Master Lessor's performance, and Sublessor shall further permit Sublessee to bring an action on behalf of Sublessor against Master Lessor to compel the performance of such obligations at the sole cost and expense of Sublessee; (v) with respect to any obligation of Sublessee to be performed under this Sublease, wherever the Master Lease grants to Sublessor a specified number of days to perform its corresponding obligations under the Master Lease (excluding the payment of any Rent), except as otherwise provided herein, Sublessee shall have two (2) fewer days to perform the obligation, including, without limitation, curing any defaults; (vi) Sublessor shall have no liability to Sublessee with respect to (a) representations and warranties made by Master Lessor under the Master Lease, (b) any indemnification obligations of Master Lessor under the Master Lease or other obligations or liabilities of Master Lessor with respect to compliance with laws, condition of the Premises or Hazardous Materials, and (c) Master Lessor's repair, maintenance, restoration, upkeep, insurance and similar obligations under the Master Lease, regardless of whether the incorporation of one or more provisions of the Master Lease into the Sublease might otherwise operate to make Sublessor liable therefor; (vii) with respect to any approval or consent required to be obtained from the "Landlord" under the Master Lease, such approval or consent must be obtained from both Master Lessor and Sublessor, and the approval or consent of Sublessor may be withheld if Master Lessor's approval or consent is not obtained; (viii) the following provisions of the Master Lease are expressly not incorporated herein by reference: Sections 1, 2, 4, 57; the seventh sentence of Section 8; the introductory clause in the first sentence the second full paragraph of Section ...
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Examples of Initial Premises Commencement Date in a sentence

  • In addition, and without limiting the foregoing, it is expressly agreed that Subtenant shall be obligated to remove any Alterations or any additions and improvements made by or at the request of Sublandlord as “Tenant” under the Master Lease (whether or not made with Master Landlord’s participation of consent) or otherwise existing in the Premises on the Initial Premises Commencement Date to the extent required by Master Landlord.

  • The Base Rent shall be calculated separately and apart for each Suite Space in the Premises for which the Lease Commencement Date applicable thereto has previously occurred in accordance with the schedule contained hereinbelow, which shall be based upon the initial 10-year and 10-month Initial Premises Term, commencing upon the Initial Premises Commencement Date.

  • For each of the Initial Premises and the Expansion Premises, the Term will commence separately on the Initial Premises Commencement Date and the Expansion Premises Commencement Date, as defined and described in Rider 2, and the Lease Term shall expire (as to the entire Premises) on the last day of the six-year period which commences on the Initial Premises Commencement Date.

  • Sublandlord shall vacate and deliver the Initial Premises (including the Data Room, but excluding the Lab Space) in the required condition on or before October 1, 2020) (the “Delivery Date”) and the Expansion Premises in the required condition on the earlier of the date that is twenty four (24) months after the Initial Premises Commencement Date or the date set forth in Subtenant’s acceleration notice provided under Section 2.2 below.

  • From the Initial Premises Commencement Date to the Expansion Premises Commencement Date, such parking spaces shall be allocated as follows: (a) Subtenant shall have the right to use 218 unreserved parking spaces, and Sublandlord shall have the right to use the remaining 73 unreserved parking spaces; and (b) Subtenant shall have right to use four (4) dedicated visitor parking spaces, and Sublandlord shall have the right to use the remaining one (1) dedicated visitor parking spaces.

  • The Contractor shall keep a complete an accurate as-built record of changes and/or deviations from the Contract Documents and shop drawings, indicating the work as actually installed.

  • Subtenant shall surrender the Premises to Sublandlord broom- clean and in as good a condition as on the Initial Premises Commencement Date or Expansion Premises Commencement Date, as applicable, ordinary wear and tear, casualty and condemnation excepted, and free of Hazardous Materials caused by Subtenant to the extent required under the Master Lease.

  • In addition to the Base Rent, if the Term for the Initial Premises should commence on or if the Remaining Premises Commencement Date should fall on a day other than the first day of a calendar month, Tenant shall pay to Landlord upon the Initial Premises Commencement Date or the Remaining Premises Commencement Date, as thecase may be, a sum equaling that percentage of the applicable monthly rent installment which equals the percentage of such calendar month falling within the Term.

  • This Lease shall commence on the "Initial Premises Commencement Date" (as herein defined) and shall be for the Initial Term, plus the portion of a calendar month, if any, from the Commencement Date to the last day of the calendar month in which such Commencement Date occurs.

  • Sublandlord shall, at its sole cost, remove its Building monument and other signage (i) in and about the Building (other than within the Expansion Premises) on or before the Initial Premises Commencement Date and (ii) in the Expansion Premises on or before the Expansion Premises Commencement Date.


More Definitions of Initial Premises Commencement Date

Initial Premises Commencement Date. Not later than June 1, 1997 or upon substantial completion of LESSOR'S Work.
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Initial Premises Commencement Date. The Substitute Initial Premises Commencement Date shall be approximately October 18, 1997, upon substantial completion of LESSOR'S Work for the Substitute Initial Premises, not later than October 25, 1997. LESSOR'S Work for Initial Premises: LESSOR'S Work for Substitute Initial Premises - as defined in Section 5 below.
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Related to Initial Premises Commencement Date

  • Commencement Date means the date of this Agreement;

  • 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, youmust have begun to pour concrete foundations for the Hotel or otherwise satisfied any site-specific criteria for “under construction” set out in the Addendum.

  • Lease Commencement Date has the meaning specified in Section 3.2 of the Master Lease.

  • Rent Commencement Date means the 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.

  • Expansion Space means any space in the Building which, at any time during the Lease Term, is occupied by a Person other than Landlord under a written lease with Landlord, and the term “Tenant’s Expansion Space” means Expansion Space which Tenant has elected to lease as provided in this paragraph. Landlord agrees to notify Tenant promptly after Landlord learns that any Expansion Space is or will become available. Subject to the prior rights of other tenants to whom Landlord has granted substantially similar rights, Tenant has the option to lease any Expansion Space which Landlord notifies Tenant is or will become available. If Tenant gives Landlord notice of its exercise of this option within thirty (30) days after notification from Landlord of the availability of the Expansion Space and if no Event of Default exists when Tenant’s notice is given, this Lease will be deemed to be amended to include Tenant’s Expansion Space as part of the Premises for the remainder of the Lease Term upon all of the same terms contained in this Lease except that (i) the Rentable Area of the Premises will be amended to include Tenant’s Expansion Space; (ii) Tenant’s Share will be increased to include the rentable area of Tenant’s Expansion Space; (iii) the Term Commencement Date with respect to Tenant’s Expansion Space will be the earlier of sixty (60) days after the date on which Tenant’s Expansion Space becomes vacant and ready for occupancy (provided that date is at least sixty (60) days after Tenant exercises its option to lease the Expansion Space), or the date on which the Expansion Space is first occupied by Tenant; (iv) if Tenant’s Expansion Space contains a rentable area of 10,000 square feet or more, and if there are less than three (3) Lease Years remaining in the Lease Term, the Lease Term will be extended to include three (3) full years from the Term Commencement Date with respect to Tenant’s Expansion Space; and (v) subject to adjustment during each Fixed Rental Period as provided in Exhibit E, Basic Rent for each year of the remaining Lease Term (as it may be extended) will be the greater of (a) the Basic Rent last paid by the Person most recently occupying Tenant’s Expansion Space or (b) Market Rent determined as provided in the Rent Rider attached as Exhibit E. If Tenant exercises this option, Tenant’s Expansion Space will be leased to Tenant in its “as is” condition and Tenant will, at its expense and in compliance with the provisions of Section 7.06, design and construct all Improvements desired by Tenant for its use and occupancy. Landlord and Tenant agree to execute such amendments to this Lease and other instruments as either of them considers necessary or desirable to reflect Tenant’s exercise of this option.

  • 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.

  • 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.

  • Project Commencement Date means the commencement date notified to the Minister pursuant to clause 4(1);

  • Services Commencement Date means the date delivery of the Services shall commence as specified in the Key Provisions. If no date is specified in the Key Provisions this date shall be the Commencement Date;

  • Service Commencement Date means the date the Transmission Provider begins to provide service pursuant to the terms of an executed Service Agreement, or the date the Transmission Provider begins to provide service in accordance with Tariff, Part II, section 15.3 or Tariff, Part III, section 29.1.

  • industrial premises means any place or premises (not being a private dwelling house), including the precincts thereof, in which or in any part of which any industry, trade, business, occupation or manufacturing is being ordinarily carried on with or without the aid of power and includes a godown attached thereto;

  • Base Term Commencing (i) with respect to the Existing Premises on the Commencement Date, (ii) with respect to the Expansion Premises on the Expansion Premises Commencement Date and (iii) with respect to the Second Expansion Premises on the Second Expansion Premises Commencement Date, and ending with respect to the entire Premises on September 16, 2016 (“Expiration Date”).”

  • Framework Commencement Date means [insert date dd/mm/yyyy];

  • Quarterly Commencement Date means the 1st day of each of April, July, October and January in each year.

  • Occupancy Date means the date on which occupancy of all Units in a Project is permitted;

  • Billing Commencement Date means the earlier of:

  • Offering Commencement Date means the first day of each Offering Period.

  • Offer Commencement Date means the date on which Purchaser commences the Offer, within the meaning of Rule 14d-2 under the Exchange Act.

  • Lease Term means the term of this Lease which shall commence on the Commencement Date and continue for the period specified in Section J of the Summary.

  • Storage Space means a space where goods of non-hazardous nature are stored and includes cold storage and banking safe vaults;

  • Payment Commencement Date means the date payments of amounts deferred begin pursuant to Article III, Section 6.