Beginning on the Commencement Date Clause Samples
The 'Beginning on the Commencement Date' clause establishes the specific point in time when the rights, obligations, or terms outlined in the agreement become effective. Typically, this clause clarifies that all contractual duties, such as payment schedules, service delivery, or lease periods, start from the agreed-upon commencement date, which may be a fixed calendar date or triggered by a particular event. Its core practical function is to ensure both parties have a clear and mutual understanding of when their responsibilities under the contract begin, thereby preventing disputes over timing and performance expectations.
Beginning on the Commencement Date. Tenant agrees to pay the Rent set forth in Section 1(K) to the Payee specified in Section 1(L),at the address specified in Section 1(M), or to such other payee (which shall be the Landlord or its nominee) or at such other address as may be designated by notice in writing from Landlord to Tenant, without prior demand therefor and without any deduction or setoff whatsoever. During the Term hereof, Rent shall be paid in accordance with the Prime Lease. Tenant's covenant to pay Rent is independent of every other covenant in this Sublease. If Rent is not paid when due, Tenant shall pay, relative to the delinquent payment, an amount equal to the sum which would be payable by Landlord to Prime Landlord for an equivalent default under the Prime Lease. If any installment of Rent provided for herein is not paid when due, Tenant shall pay any late charge or interest obligation required to be paid by Landlord under the Prime Lease.
Beginning on the Commencement Date. Tenant covenants and agrees to pay as Rent (hereinafter defined) for the Premises the following amounts set forth in this Section 4 and as otherwise provided in this Lease. "Additional Rent" shall mean such costs, expenses, charges and other payments to be made by (or on behalf of) Tenant to Landlord (or to a third party if required under this Lease), whether or not the same be designated as such. "Rent" or "rent" shall mean all Annual Base Rent (hereinafter defined) and Additional Rent due hereunder.
Beginning on the Commencement Date. Tenant shall pay the annual Fixed Rent in equal monthly installments in advance on the first (1st) calendar day of each and every calendar month. If the Commencement Date occurs on a day other than the first day of a calendar month, the Fixed Rent for the partial calendar month shall be prorated. Notwithstanding the foregoing, Tenant will not be required to pay Fixed Rent for the first three (3) months of the Term, so that the annual Fixed Rent for the first Lease Year will be $114,635.25.
Beginning on the Commencement Date and during the term of this Agreement, Employer hereby agrees to continue Employee in its employ, and Employee hereby agrees to remain in the employ of Employer, pursuant to the terms and conditions set forth herein.
Beginning on the Commencement Date. Tenant agrees to pay the Base Rent set forth in Section 1.10 to the Payee specified in Section 1.11, at the address specified in Section 1.12, or to such other payee or at such other address as may be designated by advanced notice in writing from Landlord to Tenant, without prior demand therefor and without any deduction whatsoever. Base Rent shall be paid in equal monthly installments in advance on the first day of each month of the Term, except that the first installment of Base Rent shall be paid by Tenant to Landlord upon execution of this Sublease by Tenant. Base Rent shall be prorated for partial months, if any, at the beginning and end of the Term. Base Rent may also be referred to herein as "Rent". Tenant's covenant to pay Rent shall be independent of every other covenant in this Lease. If Rent is not paid when due, Tenant shall pay, relative to the delinquent payment, an amount equal to the sum which would be payable by Landlord to Prime Landlord for an equivalent default under the Prime Lease.
Beginning on the Commencement Date the Company shall pay ------ the Employee a base salary at the annual rate of Two Hundred Sixteen Thousand Dollars ($216,000) (as the same may hereafter be adjusted, the "Salary") during the term of this Agreement. The Salary shall be inclusive of all applicable income, social security and other taxes and charges that are required by law to be withheld by the Company (collectively, "Taxes") and shall be paid and withheld in accordance with the Company's normal payroll practices for its executive employees from time to time in effect.
Beginning on the Commencement Date. Tenant covenants and agrees to pay to Landlord, without notice, demand or set-off, at Landlord's address for notice (Landlord's and Tenant's notice addresses being the addresses specified in Section 28.7 hereof), as "Fixed Rent" for the Premises:
Beginning on the Commencement Date. Lessee shall maintain commercial general liability insurance against claims for bodily injury, death or property damage occurring in, on or about the parking areas, Building or the Leased Premises in a combined single limit of not less than Two Million and No/100 Dollars ($2,000,000.00) per occurrence. Such insurance shall be effected under policies satisfactory to Lessor that shall name Lessor and the lender, if any, as an additional insured thereunder.
Beginning on the Commencement Date and for the remainder of the Term the Tenant will pay to the Landlord the monthly rent for the Premises set out on Schedule "A".
Beginning on the Commencement Date. Landlord will pay the base rent and additional rent for the remaining term of Tenant’s lease (“Stub Rent”) at ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇, Fairfield, CT, which lease expires on December 31, 2006. Prior to the Commencement Date, Tenant shall substantiate the Stub Rent by giving Landlord copies of its lease and recent rent bills. In no event shall Landlord’s liability for Stub Rent exceed $84,375.00. Such payments shall be made from an escrow account created on or before the Commencement Date. If the Stub Rent on the Commencement Date is for a period of less than six (6) months, then in addition to paying the Stub Rent, Landlord also shall give Tenant a credit for the amount of Stub Rent representing the difference between the Stub Rent owing on the Commencement Date and six months’ Stub Rent, which credit shall be applied against the Base Rent due under this Lease. In no event shall Landlord be responsible for more than six (6) months of Tenant’s Stub Rent. Landlord shall indemnify Tenant for any damages, claims, charges and expenses, including reasonable attorneys’ fees, which may be incurred by or asserted against Tenant by reason of Landlord’s breach of the obligations set forth in this Section 3.02.