Initial Term of Lease Sample Clauses
The Initial Term of Lease clause defines the specific period during which the lease agreement is first in effect. It typically states the exact start and end dates of the lease, such as a one-year term beginning on a set date, and may clarify whether the lease automatically renews or ends unless further action is taken. This clause ensures both parties are clear on the duration of their obligations, preventing misunderstandings about when the lease begins and when it is scheduled to conclude.
Initial Term of Lease. The "Initial Term" of this Lease shall be for a period commencing on September 1, 1998 (the "Commencement Date") and terminating on August 31, 2008.
Initial Term of Lease. Said Premises are hereby leased to Tenant, subject to all of the terms and conditions contained herein, for an initial term of ten (10) years commencing on the date that Landlord provides to Tenant (i) a certificate that the Facility is substantially complete and suitable for occupancy by Tenant and (ii) a Certificate of Occupancy from the Town of Shelburne (the "Commencement Date") unless said term be sooner terminated as hereinafter provided (the "Initial Term"). Landlord shall deliver the Facility substantially complete and suitable for occupancy by Tenant and with a Certificate of Occupancy no later than October 1, 2004.
Initial Term of Lease. EXTENSION TERM AND TERMINATION
Initial Term of Lease. The initial term of this Lease shall be for five years and approximately two-and-a-half months, commencing April 18, 2019 and expiring June 30, 2024.
Initial Term of Lease. (1) Except as provided in paragraph (a)(2) of this sec- tion, the initial lease term must be for at least one year.
(2) The PHA may approve a shorter initial lease term if the PHA deter- mines that:
(i) Such shorter term would improve housing opportunities for the tenant; and
(ii) Such shorter term is the pre- vailing local market practice.
(3) During the initial term of the lease, the owner may not raise the rent to owner.
(4) The PHA may execute the HAP contract even if there is less than one year remaining from the beginning of the initial lease term to the end of the last expiring funding increment under the consolidated ACC.
Initial Term of Lease. Notwithstanding anything to the contrary in the Lease, the Initial Term of the Lease shall expire on May 31, 2010.
Initial Term of Lease and Effective Date ----------------------------------------
a. The "Initial Term" of this Lease for the Leased Premises shall be for a period commencing on the Effective Date, and terminating on March 31, 2017.
b. The term "Effective Date" means the date of issuance of a certificate of occupancy for the Leased Premises (as defined below) by the Town of Fishkill for the purpose of distribution of heating, ventilating and air conditioning ("HVAC") and plumbing equipment, parts and accessories."
Initial Term of Lease. The term of the Lease commenced on _ _ (the “Commencement Date”) and expires on _ , unless the Lease is earlier terminated or extended in accordance with express terms thereof.
Initial Term of Lease. Said Premises are hereby leased to Tenant, subject to all of the terms and conditions contained herein, for an initial term of five (5) years commencing on June 1, 1999, the "Commencement Date", unless said term be sooner terminated as hereinafter provided (the "Initial Term").
Initial Term of Lease. Said Premises are hereby leased to Lessee, subject to all of the terms and conditions contained herein, for an initial term of ten (10) years commencing on June 27, 2008 (the "Commencement Date") and expiring on June 26, 2018, unless extended or said term be sooner terminated as hereinafter provided in this Lease (the "Initial Term").