PRELIMINARY TERM Sample Clauses

A Preliminary Term clause defines the initial period during which the agreement is in effect before the main or full term begins. Typically, this clause outlines the duration of the preliminary phase, such as a trial period or a time for completing certain conditions, and may specify the rights and obligations of the parties during this time. Its core practical function is to provide a structured timeframe for parties to assess the arrangement or fulfill prerequisites before committing to the full contract, thereby reducing risk and ensuring both sides are prepared for the main contractual obligations.
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PRELIMINARY TERM. The period between the date Tenant enters upon the Leased Premises and the Rental Term Commencement Date shall be designated as the “Preliminary Term” during which no Base Monthly Rent shall accrue; however, other covenants and obligations of Tenant shall be in full force and effect. Delivery of Possession of the Leased Premises to Tenant as provided in Section 5.02 shall be considered “entry” by Tenant and commencement of the Preliminary Term.
PRELIMINARY TERM. Tenant agrees that any entry by it, its contractors or agents during the Preliminary Term, the Term Prior to Lease Commencement, shall be subject to all of the terms, provisions, covenants and conditions of the Lease except as to the covenant to pay Base Rent or Additional Rent, and further agrees that Landlord shall not be liable in any way for any injury, loss or damage which may occur to any of Tenant’s work and installations made in the Premises or to the properties placed therein prior to the Commencement Date, the same being at Tenant’s sole risk. Notwithstanding the foregoing, should Landlord substantially complete the Premises prior to the Commencement Date and Tenant occupies and conducts any business in any part of the Premises prior to the Commencement Date then the Commencement Date shall become the date of occupancy. • All walls must be clean and free of holes. • Overhead door must be free of any broken panels, cracked lumber or dented panels. The overhead door springs, rollers, tracks, motorized door operator, and all other items pertaining to the overhead door must also be in good working condition. • HVAC system must be in good working order. Filters must be changed, and all thermostats must be in working order. Tenant must supply Landlord with maintenance records. • All floors (warehouse and office) must be clean and free of excessive dust, dirt, grease, oil and stains. • Drop grid ceiling, must be free of excessive dust from lack of changing filters. (No ceiling tiles may be missing or damaged.) • All trash must be removed from both inside and outside of the Building. • All lightbulbs and ballasts must be working. • All signs in front of Building and on glass entry door and rear door must be removed. • Hot water heater must work. • All plumbing fixtures, equipment and drains must be clean and in working order. • Windows must be clean. • All mechanical and electrical systems must be in good working condition. Tenant Name: Tenant SIC Code/Description: Property Address: Property/Number/Region:
PRELIMINARY TERM. The period commencing on the Delivery Date and ending at the end of the day on the day immediately preceding the Owner Participant Payment Date.
PRELIMINARY TERM. The term “Preliminary Term”, if any, means the period beginning as of the date of this Lease and, unless sooner terminated as herein provided, continuing thereafter through the day immediately prior to the Rent Commencement Date.
PRELIMINARY TERM. START DATE PREMIUM -------------- ------------- ----------------------------------------------------------------------------------- -------------- ------------- ------------------------------------------------------------------------------------------------------------------------------------ VI. REINSURANCE PREMIUM SCHEDULE - FOR YRT OR COINSURANCE ------------------------------------------------------------------------------------------------------------------------------------ POL REINSURANCE % NET NET % NET % NET % NET POLICY NET YR BENIFIT ALLOW LIFE SUBSTANDARD ALLOW DWP ALLOW ADB ALLOW FLAT EXTRA FEE TOTAL ------------------------------------------------------------------------------------------------------------------------------------ EXHIBIT G [LOGO] CRE SCALE 115 AGE NEAREST BIRTHDAY
PRELIMINARY TERM. 3.2 Premises...............................................................1.1(j) Project................................................................1.1(a) TABLE OF DEFINED TERMS (continued)
PRELIMINARY TERM. Commencing on the Effective Date, there shall be a preliminary term (the “Preliminary Term”), and the Preliminary Term shall remain in force and effect until the earlier of: (i) 11:59 p.m. on the last day of the ninth (9th) month following the Effective Date; or (ii) the date Gaming Operations begin on the Leased Premises. During the Preliminary Term, the rent paid by the Lessee to the Lessors shall be equal to Twenty Thousand Dollars ($20,000) per month (the “Preliminary Rent”), paid to the Lessors according to the Lessors’ Percentages. Notwithstanding anything contained in this paragraph 4(b) to the contrary, the Preliminary Rent shall accrue and the Lessee shall be under no obligation to make any such payment of Preliminary Rent until the earlier of: (i) the date the Lessee commences any construction on the Leased Premises; or (ii) February 1, 2011. Upon the earlier date reference in the aforementioned sentence, all accrued and unpaid Preliminary Rent shall be due and payable, with the remaining Preliminary Rent payable in monthly installments on the first (1st) day of each month hereafter throughout the remainder of the Preliminary Term as provided in this paragraph; provided, however, that if Lessee does not receive an approval to proceed with the development of a casino on the Leased Premises from the Mississippi Gaming Commission on or prior to March 1, 2011, then this Lease shall be immediately terminable with no obligations due from either party to each other with the exception of the amounts required to be paid pursuant to paragraph 37, which shall be prorated through the date of any termination.
PRELIMINARY TERM. The "Preliminary Term" of this Lease shall be defined as the period of time commencing on the date of this Lease and continuing thereafter until the day prior to the Commencement Date.
PRELIMINARY TERM. 7 Section 3.3. "Main Term," "Lease Year" Defined................. 7 Section 3.4. Termination....................................... 7 Section 3.5. Holding Over...................................... 7 ARTICLE 4 RENT................................................. 8
PRELIMINARY TERM. Tenant agrees that any entry by it, its contractors or agents during the Preliminary Term shall be subject to all of the terms, provisions, covenants and conditions of the Lease except as to the covenant to pay Base Rent or Additional Rent, and further agrees that Landlord shall not be liable in any way for any injury, loss or damage which may occur to any of Tenant's work and installations made in the Premises or to the properties placed therein prior to the Commencement Date, the same being at Tenant's sole risk. Notwithstanding the foregoing, should Tenant substantially complete the Premises prior to the Commencement Date and occupy and conduct any business in any part of the Premises prior to the Commencement Date then the Commencement Date shall become the date of occupancy. LEASE EXHIBIT C Lease Termination Tenant's existing Lease for 9,828 sq. ft. as amended and as executed on February 23, 1993, shall be deemed to have terminated, without need for further documentation, on or before the later of i) March 1, 2001, ii) the Commencement Date, or iii) the date on which Tenant commences the operation of its manufacturing business in the Premises ("Termination Date"); provided, however, that so long as Tenant continues to pay rent during such period, Tenant shall have the right to remove its personal property, fixtures and equipment from the premises governed by the Existing Leases for a period of fifteen (15) days after such Termination Date. Said termination is subject to the reconciliation of Operating Expenses as of the date of termination. LEASE EXHIBIT D OPTION TO RENEW