New Premises Commencement Date definition

New Premises Commencement Date means the date on which Landlord shall deliver possession of the New Premises to Tenant (i) free of all tenancies (other than that of Tenant), licenses and rights of occupants, and (ii) with Landlord’s Work (but not Landlord’s Additional Work) Substantially Completed.
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New Premises Commencement Date means the day after the date upon which all of the following have occurred: (i) the New Premises Work (as hereinafter defined) is Substantially Complete, (ii) Landlord shall complete, or be deemed to have completed, the Relocation (as hereinafter defined), and (iii) Landlord shall have tendered to Tenant vacant exclusive possession of the New Premises, which shall be in broom clean condition with all Building systems (including the distribution portions thereof and the A/C Equipment) providing service to the New Premises in good working order. ​ ​
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New Premises Commencement Date means the commencement date of the lease of the New Premises, being defined herein for all purposes as the earlier of (i) February 1, 2013 (subject to Landlord Delay and Limited Force Majeure Delay as set forth in Section 4 of Exhibit B) (“Scheduled New Premises Commencement Date”), or (ii) the date when Tenant commences any business operations from the New Premises; provided, however, that if the New Premises Turnover Date (as defined in Section 11 below) has not occurred on or before October 1, 2012, then the Scheduled New Premises Commencement Date shall be extended by one day for each day of delay beyond October 1, 2012 in delivery of possession of such New Premises to Tenant. Notwithstanding the foregoing, Tenant shall have the right to extend such Scheduled New Premises Commencement Date hereunder for up to thirty (30) days, by written notice thereof to Landlord on or before the later of (i) January 1, 2013 and (ii) ninety (90) days following the New Premises Turnover Date (time being of the essence), designating the revised Scheduled New Premises Commencement Date in accordance with the foregoing 30-day permitted extension parameters, whereupon the “New Premises Commencement Date” for purposes hereof shall be such date so designated by Tenant (or, in any event, such earlier date when Tenant commences any business operations from the New Premises). In the absence of such timely notice so extending the Scheduled New Premises Commencement Date, the New Premises Commencement Date shall remain as February 1, 2013 for all purposes hereof as same may be extended as a result of Landlord Delay, Limited Force Majeure Delay or delay in the New Premises Turnover Date as provided in this Section 6 (or, in any event, such earlier date when Tenant commences any business operations from the New Premises, as provided above).
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Examples of New Premises Commencement Date in a sentence

  • Effective as of the New Premises Commencement Date, Tenant shall release any claims that it may have against Landlord with respect to any matters arising under the Lease relating to the Original Premises, other than claims that may arise for indemnification with respect to injury to persons or property occurring thereon prior to or on the New Premises Commencement Date.

  • Prior to the New Premises Commencement Date, Monthly Base Rent as well as Tenant’s Share of Operating Expenses and Taxes shall be calculated based on the rentable square footage of the Existing Premises as it relates to the total square footage of the EmeryStation North Building.

  • The Monthly Base Rental shall continue to increase three percent (3%) annually every September 1st during the Extension Term and shall apply to the Existing Premises prior to the New Premises Commencement Date and to the New Premises after the New Premises Commencement Date.

  • The New Premises Commencement Date shall be the date upon which New Landlord achieves Substantial Completion of the New Premises Landlord Work and delivers possession of the New Premises to Tenant subject to the aforementioned right by Tenant to defer occupancy prior to June 30, 2014.

  • Tenant hereby agrees and acknowledges that prior to the New Premises Commencement, the Landlord under this Lease shall be Landlord and that following said date the Landlord under this Lease shall become New Landlord, and that following the New Premises Commencement Date Landlord shall have no further obligations nor liabilities to Tenant, and that this Lease shall thereafter be construed as a lease agreement solely between Tenant and New Landlord.

  • Upon the New Premises Commencement Date Landlord agrees to transfer Tenant’s Security Deposit to New Landlord.

  • Following the New Premises Commencement Date, the Monthly Base Rent and Tenant’s Share of Operating Expenses and Taxes shall be calculated based on the rentable square footage of the New Premises as it relates to the total square footage of the EmeryStation 1 Building.

  • In the event that Tenant fails to vacate the Existing Premises and surrender and deliver exclusive possession of the Existing Premises to Landlord on or before the New Premises Commencement Date in accordance with this Section 3 of the Second Amendment and the provisions of the Lease, then Tenant shall be deemed to be in holdover of the Existing Premises and shall be subject to the terms of Article 16 of the Lease.

  • The term of Tenant's lease of the New Premises shall commence on the date (the "New Premises Commencement Date") which is the earliest to occur of (a) January 1, 2015, (b) the date upon which the improvements to the New Premises are "Substantially Complete" (as defined in Section 7.2 below), or (c) the date upon which Tenant first commences to conduct business in the New Premises.

  • Prior to the New Premises Commencement Date, Tenant shall continue to pay for Tenant’s Pro Rata Share of Expense Excess and Tax Excess in accordance with the terms of the Lease.


More Definitions of New Premises Commencement Date

New Premises Commencement Date means the earlier of (a) the date of the occupancy of the New Premises by Tenant for purpose of conducting Tenant's business or (b) April 1.2010.
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New Premises Commencement Date. The later to occur of (a) August 15, 1998 or (b) the earlier to occur of (i) the date on which the New Premises are "Substantially Complete" as provided in Section 8 of this First Amendment, which day shall in no event be less than five (5) days subsequent to the date Landlord gives Tenant notice ("Landlord's Completion Notice") of the day Landlord expects the New Premises to be Substantially Complete or (ii) the date which Tenant commences beneficial use of the New Premises. NEW PREMISES SCHEDULED TERM COMMENCEMENT DATE: August 15, 1998.
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New Premises Commencement Date means the earlier of (i) Lessee’s occupancy of the New Premises for the conduct of business therein or (ii) November 1, 2008, provided that Lessor has delivered possession of the New Premises to Lessee by such date. The term of the Lease with respect to the New Premises shall commence on the New Premises Commencement Date and expire on November 30, 2015(the “New Premises Expiration Date”), unless sooner terminated as provided for in the Lease. The period from the New Premises Commencement Date through the New Premises Expiration Date shall be referred to herein as the “New Premises Term”.
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New Premises Commencement Date shall have the meaning ascribed to it in Paragraph 6(a).
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Related to New 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

  • 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;

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

  • Expansion Space means any space in the Building which, at any time during the Lease Term, is occupied by a Person other than Landlord under a written lease with Landlord, and the term “Tenant’s Expansion Space” means Expansion Space which Tenant has elected to lease as provided in this paragraph. Landlord agrees to notify Tenant promptly after Landlord learns that any Expansion Space is or will become available. Subject to the prior rights of other tenants to whom Landlord has granted substantially similar rights, Tenant has the option to lease any Expansion Space which Landlord notifies Tenant is or will become available. If Tenant gives Landlord notice of its exercise of this option within thirty (30) days after notification from Landlord of the availability of the Expansion Space and if no Event of Default exists when Tenant’s notice is given, this Lease will be deemed to be amended to include Tenant’s Expansion Space as part of the Premises for the remainder of the Lease Term upon all of the same terms contained in this Lease except that (i) the Rentable Area of the Premises will be amended to include Tenant’s Expansion Space; (ii) Tenant’s Share will be increased to include the rentable area of Tenant’s Expansion Space; (iii) the Term Commencement Date with respect to Tenant’s Expansion Space will be the earlier of sixty (60) days after the date on which Tenant’s Expansion Space becomes vacant and ready for occupancy (provided that date is at least sixty (60) days after Tenant exercises its option to lease the Expansion Space), or the date on which the Expansion Space is first occupied by Tenant; (iv) if Tenant’s Expansion Space contains a rentable area of 10,000 square feet or more, and if there are less than three (3) Lease Years remaining in the Lease Term, the Lease Term will be extended to include three (3) full years from the Term Commencement Date with respect to Tenant’s Expansion Space; and (v) subject to adjustment during each Fixed Rental Period as provided in Exhibit E, Basic Rent for each year of the remaining Lease Term (as it may be extended) will be the greater of (a) the Basic Rent last paid by the Person most recently occupying Tenant’s Expansion Space or (b) Market Rent determined as provided in the Rent Rider attached as Exhibit E. If Tenant exercises this option, Tenant’s Expansion Space will be leased to Tenant in its “as is” condition and Tenant will, at its expense and in compliance with the provisions of Section 7.06, design and construct all Improvements desired by Tenant for its use and occupancy. Landlord and Tenant agree to execute such amendments to this Lease and other instruments as either of them considers necessary or desirable to reflect Tenant’s exercise of this option.