Lease Years definition

Lease Years means successive periods of twelve (12) full calendar months, beginning on the Commencement Date. If the Commencement Date is not the first day of a month, then the first Lease Year also includes the partial month in which the Commencement Date occurs.

Lease Years. (defined below) after the Commencement Date unless sooner terminated as herein provided (including any option terms, the "TERM"). If Landlord gives and Tenant accepts possession prior to the Commencement Date, such occupancy shall be subject to all the terms and conditions of this Lease and rent and other charges shall be prorated to the date that Tenant takes possession of the Premises.

Lease Years means each twelve (12) month period beginning on the Term Commencement Date and each twelve (12) month period thereafter beginning on the anniversary of the Term Commencement Date; provided, however, if the Term Commencement Date is a day other than the first day of a calendar, the first "Lease Year" shall include the number of days from the Lease Commencement Date through the last day of the calendar month in which the Lease Commencement Date occurs.

Examples of Lease Years in a sentence

• Landlord's delay in submitting any statement contemplated herein for any Lease Year shall not affect the provisions of this Paragraph, nor constitute a waiver of Landlord's rights as set forth herein for said Lease Year or any subsequent Lease Years during the Lease Term or any extensions thereof.

• Thereafter, for the first seven (7) Lease Years, Rent shall be payable by Tenant in consecutive monthly installments equal to one-twelfth (1/12th) of the Rent amount for the applicable Lease Year on the first (1st) day of each calendar month (or the immediately preceding Business Day if the first (1st) day of the month is not a Business Day), in advance for such calendar month, during that Lease Year.

• In addition, to the extent of the remaining balance, if any, of the Award made for such Condemnation allocable to the Term (after payment of Base Rent and Additional Charges), Lessee shall pay Percentage Rent at a rate equal to the average Percentage Rent during the last three preceding full Lease Years (or if three full Lease Years shall not have elapsed, the average during the preceding full Lease Years).

• During Lease Years 4, 5 and 6, Base Rent shall be equal to one-hundred three percent (103%) of the Base Rent paid for the immediately preceding Lease Year.

• The earliest such twelve (12) month period shall be referred to as the "first Lease Year," and each of the following Lease Years shall similarly be numbered for identification purposes.

More Definitions of Lease Years

Lease Years as set forth in Section 4, Rent, shall be deleted and shall be replaced with the following: "During the first five (5) lease years (the "First Five Lease Years"), Tenant shall pay Landlord monthly rent (the "Monthly Rent") as follows: MONTHS PER MONTH 1 through 60 $5,968.39"$4,326.83"

Lease Years means the consecutive twelve (12) month periods commencing with the Commencement Date or, if the Commencement Date falls other than on the first day of a calendar month, then commencing the first day of the first calendar month following the Commencement Date. The fraction of the month (if any) following the Commencement Date and prior to the commencement of the first Lease Year shall be deemed to be part of the first Lease Year. If Landlord employs fiscal years not constituting calendar years, the term "calendar years" shall be deemed, at Landlord's election, to mean the consecutive twelve (12) month periods comprising Landlord s fiscal years.

Lease Years means more than one (1) Lease Year. A "Partial Lease Year" means if the Completion Date is a date other than November 1, then the period from the Completion Date to the first day of the first Lease Year. Unless otherwise expressly provided for herein, all terms and conditions herein shall apply the same to a Partial Lease Year as to a Lease Year; provided, however, that all payments and other financial obligations shall be apportioned or prorated pursuant to Section 24.7 hereof.

Lease Years as used therein shall be a period of twelve (12) successive calendar months, except that if the term commences on a day other than the first day of the calendar month, then the initial fractional month together with the next succeeding twelve (12) calendar months shall constitute the first Lease Year. The term of this Lease shall commence upon the earliest of the following occurrences ("Commencement Date"):

Lease Years means each consecutive twelve (12) month period during the Term (as defined below), with the first Lease Year commencing on the Commencement Date and expiring at midnight of the day preceding the first anniversary of the Commencement Date, and each successive consecutive twelve (12) month period thereafter; provided that if the Commencement Date does not occur on the first day of a calendar month, then the first Lease Year shall be twelve (12) full calendar months, plus the partial calendar month in which the Commencement Date occurs. The term “Term” as used in this Lease shall mean the period beginning on the Commencement Date and ending upon the expiration or earlier termination of the Initial Term, or if this Lease is extended for any Extension Period (as defined below), upon the expiration or earlier termination of the last Extension Period properly exercised.

Lease Years. (defined below) after the Commencement Date unless sooner terminated as herein provided (including any option terms, the "TERM"). If Landlord gives and Tenant accepts possession prior to the Commencement Date, such occupancy shall be subject to all the terms and conditions of this Lease and rent and other charges shall be prorated to the date that Tenant takes possession of the Premises. (b) The first "LEASE YEAR" shall begin on the date hereof and shall end on the last day of the twelfth (12th) full calendar month following the Commencement Date. Each Lease Year thereafter shall consist of twelve (12) consecutive calendar months following the end of the immediately preceding Lease Year except that the final Lease Year shall end on the Expiration Date. 2.02

Lease Years. Annual Base Rent: