Initial Premises Commencement Date definition

Initial Premises Commencement Date shall have the meaning as set forth in Section “B”, Paragraph 2 of the Summary of Basic Lease Information.
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Initial Premises Commencement Date means the date which is the sooner of: (i) the date that the Initial Premises Work (as hereinafter defined) is substantially completed (in accordance with the provisions of Section 34.02(e) hereof), and (ii) the date which is such number of days prior to the Initial Premises Commencement Date as shall equal the number of days, if any, by which commencement or performance of the Initial Premises Work shall have been delayed by reason of Lessee's Delays (as hereinafter defined).
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Initial Premises Commencement Date as defined herein (except as otherwise specifically set forth herein); (iii) each reference to "Landlord" and "Tenant" shall be deemed a reference to "Sublessor" and "Sublessee", respectively; (iv) with respect to work, services, repairs, restoration, insurance, capital improvements, or the performance of any other obligation of Master Lessor under the Master Lease, the sole obligation of Sublessor shall be to notify and demand performance from Master Lessor as and when requested to do so by Sublessee, and to use Sublessor's reasonable efforts (provided Sublessee pays all reasonable costs incurred by Sublessor in connection therewith) to obtain Master Lessor's performance, and Sublessor shall further permit Sublessee to bring an action on behalf of Sublessor against Master Lessor to compel the performance of such obligations at the sole cost and expense of Sublessee; (v) with respect to any obligation of Sublessee to be performed under this Sublease, wherever the Master Lease grants to Sublessor a specified number of days to perform its corresponding obligations under the Master Lease (excluding the payment of any Rent), except as otherwise provided herein, Sublessee shall have two (2) fewer days to perform the obligation, including, without limitation, curing any defaults; (vi) Sublessor shall have no liability to Sublessee with respect to (a) representations and warranties made by Master Lessor under the Master Lease, (b) any indemnification obligations of Master Lessor under the Master Lease or other obligations or liabilities of Master Lessor with respect to compliance with laws, condition of the Premises or Hazardous Materials, and (c) Master Lessor's repair, maintenance, restoration, upkeep, insurance and similar obligations under the Master Lease, regardless of whether the incorporation of one or more provisions of the Master Lease into the Sublease might otherwise operate to make Sublessor liable therefor; (vii) with respect to any approval or consent required to be obtained from the "Landlord" under the Master Lease, such approval or consent must be obtained from both Master Lessor and Sublessor, and the approval or consent of Sublessor may be withheld if Master Lessor's approval or consent is not obtained; (viii) the following provisions of the Master Lease are expressly not incorporated herein by reference: Sections 1, 2, 4, 57; the seventh sentence of Section 8; the introductory clause in the first sentence the second full paragraph of Section ...
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Examples of Initial Premises Commencement Date in a sentence

  • Prior to the Initial Premises Commencement Date, Sublandlord and Subtenant shall cooperate to install a separate sub-meter (such as an Emon Dmon) for electricity on the fourth (4th) floor of the Premises and, following the Initial Premises Commencement Date and prior to the Expansion Premises Commencement Date, each of Sublandlord and Subtenant shall pay the portion of electricity charges included in Operating Expenses (based on the electricity sub-meter) for its respective floor or floors.

  • The term of this Lease commencing on the Initial Premises Commencement Date and expiring on the Expiration Date.

  • As used herein, the “General Allowance Availability Period” shall mean the period commencing on the date of execution of this Lease and expiring on the date that is fifteen (15) months after the Initial Premises Commencement Date.

  • Sublandlord shall vacate and deliver the Initial Premises (including the Data Room, but excluding the Lab Space) in the required condition on or before October 1, 2020) (the “Delivery Date”) and the Expansion Premises in the required condition on the earlier of the date that is twenty four (24) months after the Initial Premises Commencement Date or the date set forth in Subtenant’s acceleration notice provided under Section 2.2 below.

  • Effective upon the Initial Premises Commencement Date, Sublandlord shall be deemed to have sold, and Subtenant shall be deemed to have purchased, for the consideration of One Dollar ($1.00), all of Sublandlord’s right, title and interest in the furniture, fixtures and equipment listed on Exhibit B-1 hereto (the “Initial Premises FF&E”).

  • From and after the Initial Premises Commencement Date, during each month of the Term of this Sublease, Subtenant shall pay as base rent for the Premises (“Base Rent”) as follows: 61 - 72 115,466 $5.88 $678,830.07 *Provided that Subtenant is not in default beyond applicable notice and cure periods of the terms and conditions of this Sublease, Sublandlord agrees to ▇▇▇▇▇ the obligation of Subtenant to pay Base Rent for months 7-18 of the Term (the “Conditional Rent”).

  • Subtenant shall surrender the Premises to Sublandlord broom- clean and in as good a condition as on the Initial Premises Commencement Date or Expansion Premises Commencement Date, as applicable, ordinary wear and tear, casualty and condemnation excepted, and free of Hazardous Materials caused by Subtenant to the extent required under the Master Lease.

  • This Lease shall commence on the "Initial Premises Commencement Date" (as herein defined) and shall be for the Initial Term, plus the portion of a calendar month, if any, from the Commencement Date to the last day of the calendar month in which such Commencement Date occurs.

  • Sublandlord shall, at its sole cost, remove its Building monument and other signage (i) in and about the Building (other than within the Expansion Premises) on or before the Initial Premises Commencement Date and (ii) in the Expansion Premises on or before the Expansion Premises Commencement Date.

  • Cottonwood Lease Expiration Date”) is later than the date that is ten (10) years and ten (10) months after the Initial Premises Commencement Date, then the Initial Premises Term and the initial Term of the Lease for the Subsequent Premises shall be extended to be the ▇▇▇▇ ▇.


More Definitions of Initial Premises Commencement Date

Initial Premises Commencement Date. The Substitute Initial Premises Commencement Date shall be approximately October 18, 1997, upon substantial completion of LESSOR'S Work for the Substitute Initial Premises, not later than October 25, 1997. LESSOR'S Work for Initial Premises: LESSOR'S Work for Substitute Initial Premises - as defined in Section 5 below.
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Initial Premises Commencement Date. Not later than June 1, 1997 or upon substantial completion of LESSOR'S Work.
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Related to Initial Premises Commencement Date

  • Commencement Date means the date of this Agreement;

  • Construction Commencement Date means the date set out in the Addendum, if applicable, by which you must commence construction of the Hotel. For the Hotel to be considered under construction, you

  • Lease Commencement Date has the meaning specified in Section 3.2 of the Master Lease.

  • Rent Commencement Date means [Insert date or description] or any later date calculated in accordance with paragraph 3.3 of Part 5 of the Schedule;

  • Commercial Premises Means a place of trade or premises operated for financial gain, including but not limited to, a retirement village or a block of flats that has a common facility; a place of trade where the manufacture and production of products or produce takes place; a site where renovation, restoration and refurbishment work as described in Appendix B takes place.