Rent Commencement Dates Sample Clauses
The Rent Commencement Dates clause defines the specific date on which a tenant’s obligation to begin paying rent under a lease starts. This date may differ from the lease’s execution or possession date and can be tied to events such as the completion of property improvements or the tenant taking occupancy. By clearly establishing when rent payments are due to begin, this clause ensures both parties have a mutual understanding, thereby preventing disputes over payment timing and providing financial clarity.
Rent Commencement Dates. (a) Phase I Premises: Sixty (60) days after the Phase I Commencement Date.
(b) Phase II Premises: Sixty (60) days after the Phase II Commencement Date.
Rent Commencement Dates. The Rent Commencement Date for the Current Premises shall be as follows: Twelfth Floor Premises: October 4, 2012 Thirteenth Floor Premises: June 27, 2012 Fourteenth Floor Premises: January 5, 2012
Rent Commencement Dates. The Rent Commencement Date will be the first day following the Abatement Period (defined in Section 1.14 below), provided, however, that if a COVID Condition (as defined in Section 20(R) below) comes into existence prior to the Commencement Date, the Rent Commencement Date and the Lease Expiration Date shall be extended by the same number of days in which the COVID Condition is in existence prior to the Commencement Date.
Rent Commencement Dates. The “Rent Commencement Date or RCD” for the Original Premises shall be on the Effective Date.
Rent Commencement Dates. Tenant shall commence paying Base Rent to Landlord for the Premises on the Commencement Date of June 1, 2010 (hereinafter the “Base Rent Commencement Date”). Tenant shall commence paying Additional Rent to Landlord for the Premises on the Commencement Date, (hereinafter the “Additional Rent Commencement Date”).
Rent Commencement Dates. Section 1.1(h) of the Lease is hereby deleted and the following is inserted in its place:
Rent Commencement Dates. March 1, 2000 for the Initial Premises and July 1, 2000 for the Remaining Premises Termination Date: December 31, 2014 for the Entire Premises
Rent Commencement Dates. (a) The Lease presently contemplates that Tenant will have the right to occupy the Phase II Building in up to three (3) phases, and that the Rent Commencement Date for the first such phase will occur no earlier than May 1, 2005. Section 1(b) of the First Amendment is hereby deleted in its entirety and replaced as follows to provide instead that Tenant shall occupy the Phase II Building in one (1) phase, and all provisions of Sections 2.1(b) and (c) of the Lease are hereby of no further force or effect:
(i) Occupancy of the Phase II Building shall consist of the entire non-retail space in the Phase II Building (estimated at 93,200 square feet for such non-retail space) and shall have a “Phase II Building Rent Commencement Date” equal to the earlier to occur of (A) the date which is one hundred eighty (180) days after the date Landlord delivers to Tenant a Structural Completion Certificate for the Phase II Building pursuant to the Workletter, subject to any adjustments in such time period to the extent authorized or required under the provisions of such Workletter, or (B) the date Tenant takes occupancy of and commences operation of its business in any portion of the Phase II Building; provided, however, that in no event shall the Phase II Rent Commencement Date occur earlier than January 1, 2007 (subject to Tenant’s extension rights set forth in Section 3 below), unless determined pursuant to clause (B) of this sentence or unless an earlier date is hereafter mutually agreed upon in writing by Landlord and Tenant.
(ii) Notwithstanding the foregoing, Tenant shall have the right to cause the Phase II Rent Commencement Date to occur prior to January 1, 2007, by providing Landlord with prior written notice of its intention to occupy the Phase II Building not less than fifteen (15) months prior to such intended occupancy date.
(iii) Any references in the Lease to “phases” as they relate to the Phase II Building shall be amended to be consistent with the foregoing and all references to “the later of the Phase II Rent Commencement Dates” or the “Phase II Rent Commencement Dates” shall mean and refer to the Phase II Rent Commencement Date as set forth herein.
Rent Commencement Dates. Due to the fact that Tenant was the party who requested the Base Building Changes, Tenant agrees that all Partial Rent Commencement Dates and the Final Rent Commencement Date shall be calculated as if Tenant had not requested any of the Base Building Changes, subject to the following provisions in this Section 7. Landlord and Tenant acknowledge that some work on the Project has been able to continue notwithstanding that Tenant has requested the Base Building Changes. As of May 1, 2001, Landlord and Tenant agree that there have occurred thirty (30) days of Tenant Delay due to the Redesign Effort for the Base Building Changes ("INITIAL TENANT DELAY"). To compensate Landlord as liquidated damages for such Initial Tenant Delay, Tenant agrees to pay to Landlord on each Partial Rent Commencement Date an amount equal to thirty (30)-days Base Rent for the applicable floor of the Premises at the initial rate set forth in the Basic Lease Information ("INITIAL TENANT DELAY PAYMENT"), not as prepaid rent but in addition to all other sums which are required to be paid by Tenant under the Lease as of such date, including without limitation, monthly Base Rent for the Premises. Landlord and Tenant hereby agree that the foregoing Initial Tenant Delay Payment is a reasonable sum to compensate Landlord for such delay under the circumstances as of May 1, 2001. Furthermore, due to the extensive nature of the Base Building Changes, the uncertainty and inability of either party to accurately forecast or estimate the time and effort involved in completing all Redesign Efforts (especially in light of Landlord's and Tenant's rights to accept or reject components of the Base Building Changes and Tenant's rights to approve the Hard Costs), and in reliance on the good faith expeditious efforts that Landlord has undertaken to date in the Redesign Effort, Tenant agrees that to the extent that the Project is further delayed from and after May 1, 2001, due to any Redesign Efforts, the Construction Efforts and/or deferral of the start or continuation of any Tenant Improvements, such delays shall be considered Tenant Delays. In addition, Landlord and Tenant agree that Landlord's consent to undertake further Base Building Changes and any resulting Changes to the Tenant Improvements, and/or commencement or continuation of the Tenant Improvements, shall be further conditioned upon Tenant's acceptance of the number of additional days of Tenant Delay that Landlord estimates will result from the ...
Rent Commencement Dates. Original Premises: Upon mutual execution of this Lease. Tenant has been occupying the Original Premises pursuant to (a) that certain Office Lease dated January 20, 1988, by and between State Street Bank and Trust Company, a Massachusetts banking corporation, not personally but solely as Trustee for Telephone Real Estate Equity Trust, predecessor in interest to Landlord, and Ticketmaster – Southern California, Inc., predecessor-in-interest to Tenant, as amended, and (b) that certain Office Lease dated August 8, 1997, by and between Landlord and Tenant (collectively, the "Original Leases").