Additional Rent Commencement Date definition

Additional Rent Commencement Date. As defined in Article 3.
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Additional Rent Commencement Date. As defined in Section 3.1.2.
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Additional Rent Commencement Date means, (A) for each Approved Project, the earlier to occur of (i) the Substantial Completion Date or (ii) the first day of the fifteenth (15th) month following the Approved Project Start Date for such Approved Project and (B) for each Structural Project, the earlier to occur of (i) the Substantial Completion Date, (ii) the Target Completion Date, (iii) an Event of Default, (iv) the date that Lessor and Lessee agree to stop work on a Structural Project, or (v) a default by Lessee in its obligations under the Project Management Agreement which is not cured within any cure period provided for therein.
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Examples of Additional Rent Commencement Date in a sentence

  • Any amounts advanced with respect to an Approved Project after the applicable Additional Rent Commencement Date shall be included in the calculation of Additional Project Rent immediately upon disbursement.

  • For each Approved Project, during the period from the Approved Project Start Date until the applicable Additional Rent Commencement Date, financing costs on the portion of any Funded Amount actually advanced for such Approved Project shall accrue at the rate of ten percent (10%) per annum (the “Accrued Financing Costs”).

  • In furtherance of the foregoing, during the period from the Structural Project Start Date until the applicable Additional Rent Commencement Date, financing costs on the portion of any Funded Amount actually advanced for such Structural Project shall accrue at the rate of ten percent (10%) per annum (such costs to be included within the definition of the “Accrued Financing Costs”).

  • Additional Rent Commencement Date: The Commencement Date for Additional Rent shall be day that is fifteen (15) days after the Sublease Commencement Date.

  • If either the Basic Rent Commencement Date or the Additional Rent Commencement Date is any day other than the first day of a calendar month, or if the Term ends on a day other than the last day of a calendar month, then Basic Rent and Additional Rents, as the case may be, will be adjusted pro rata based on a 366 day year.


More Definitions of Additional Rent Commencement Date

Additional Rent Commencement Date. With respect to (i) the Aurora Project, the Aurora Opening Date, (ii) the M Resort Project, the M Resort Opening Date, (iii) the Columbus Project, the Columbus Opening Date, and (iv) the Joliet Project, the Joliet Opening Date.
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Additional Rent Commencement Date means, for each Approved Project, the earlier to occur of (i) the Substantial Completion Date or (ii) the first day of the fifteenth (15th) month following the Approved Project Start Date for such Approved Project.
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Additional Rent Commencement Date means the Additional Rent Commencement Date as set forth in the Fundamental Lease Provisions.
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Additional Rent Commencement Date means the Fixed Minimum Rent Commencement Date.
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Additional Rent Commencement Date. As defined in Article. Affiliate: With respect to any Person (i) any other Person which, directly or indirectly, controls or is controlled by or is under common control with such Person, (ii) any other Person that owns, beneficially, directly or indirectly, five percent (5%) or more of the outstanding capital stock, shares or equity interests of such Person or (iii) any officer, director, employee, general partner or trustee of such Person, or any other Person controlling, controlled by, or under common control with, such Person (excluding trustees and Persons serving in a fiduciary or similar capacity who are not otherwise an Affiliate of such Person). For the purposes of this definition, "control" (including the correlative meanings of the terms "controlled by" and "under common control with"), as used with respect to any Person, shall mean the possession, directly or indirectly, of the power to direct or cause the direction of the mana5ement and policies of such Person, through the ownership of voting securities, partnership interests or other equity interests provided, however, that, (a) for purposes of determining a Related Party Default, the percentage of outstanding capital stock, shares or equity interests referenced in (ii) above shall be fifty percent (5O%) and (b) any Person who is an Affiliate by virtue of the ownership thereofby 3
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Additional Rent Commencement Date means with respect to the Fixed Term, the first day of the first calendar month which commences after the Base Year; and with respect to each Extended Term, the one year anniversary of the first day of such Extended Term.
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Additional Rent Commencement Date means the sooner to occur of: (1) the Substantial Completion Date; or (ii) the date upon which Substantial Completion would have occurred but for the occurrence of Tenant Delays, which such determination under (ii) shall be reasonably determined by the Architect in writing with a statement by the Architect setting forth the basis for his determination.
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