INITIAL THREE YEARS OF PRIMARY TERM Clause Samples

INITIAL THREE YEARS OF PRIMARY TERM. Tenant covenants to pay to Landlord, during the initial three (3) years of the Primary Term of this Lease, monthly in advance the amount of Basic Rent set forth in the Summary of Basic Lease Provisions. Tenant unconditionally and irrevocably agrees to pay the Basic Rent by wire transfer of Federal Funds on the first day of each month ("Basic Rent Payment Date") directed to the address, entity, location or lockbox set forth in the Summary of Basic Lease Provisions. Landlord may change the address, entity, location or lockbox for the payment of Rent by providing written notice of such change to Tenant. If the Commencement Date is other than the first day of a month, Tenant shall pay landlord a pro-rated portion of the initial month's Basic Rent; Basic Rent for the month including the Termination Dale will be pro rated if the Termination Date does not fall on the ▇▇▇▇ day of the month.
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Related to INITIAL THREE YEARS OF PRIMARY TERM

  • Initial Term The initial term will begin on the date set forth in the Contract documents or on the date the Contract is signed by all Parties, whichever is later.

  • Primary Term This lease is for a primary term of seven (7) years beginning May 11, 2021.

  • Base Term Commencing on the Expansion Premises Commencement Date, the defined term “Base Term” on page 1 of the Lease is deleted in its entirety and replaced with the following:

  • Original Term The weighted average original term for the Receivables is at least 65 months.

  • Planning for Future Years (a) Advance Notice. The Funder will give at least 60 Days’ Notice to the HSP of the date by which a Planning Submission, approved by the HSP’s governing body, must be submitted to the Funder.