Option Year 1 definition
Option Year 1. Means the period commencing the day after the last day of the Base Year and continuing for a twelve month period thereafter.
Option Year 1. The greater of (i) one hundred three percent (103%) of the amount of Minimum Rent due and owing for the immediately preceding Lease Year, or (ii) the then-fair market rental rate of the Demised Premises, as determined by Landlord in its commercially reasonable discretion, payable in twelve (12) equal monthly installments.
Option Year 1 means the period from April 1, 2016 to March 31, 2017; and
Examples of Option Year 1 in a sentence
Option Year 1 commences the day after the last day of the Services Period specified above in this order.
More Definitions of Option Year 1
Option Year 1. $[Total 12-month Cloud Services fees for the Services Period under this order] x 1.00