Example ContractsClausesLease Year
Lease Year
Lease Year contract clause examples

Lease Year. Each consecutive 12-month period elapsing after: # the Commencement Date if the Commencement Date occurs on the first day of a month; or # the first day of the month following the Commencement Date if the Commencement Date does not occur on the first day of a month. Notwithstanding the foregoing, the first Lease Year shall include the additional days, if any, between the Commencement Date and the first day of the month following the Commencement Date, in the event the Commencement Date does not occur on the first day of a month.

Lease Year. The definition of "Lease Year" in the Master Lease is hereby deleted and replaced by the following: "The first (1st) Lease Year shall be the period commencing on the Commencement Date and ending on February 29, 2020, and each subsequent Lease Year shall be each period of twelve (12) full calendar months after the last day of the prior Lease Year (i.e., the second Lease Year shall commence on March 1, 2020, and end on February 28, 2021), except that # unless the first Renewal Term is exercised, the final Lease Year of the Initial Term shall end on July 31, 2025, and # unless each subsequent Renewal Term is exercised, the final Lease Year of any Renewal Term shall end on July 31st of the applicable year."

Calendar Year”. Calendar Year means each calendar year during the Term.

Fiscal Year. Cause the Fiscal Year of the Parent and its Subsidiaries to end on September 30 of each calendar year unless the Agents consent to a change in such Fiscal Year (and appropriate related changes to this Agreement).

Base Year. The Base Year for the purposes of calculating Additional Rent attributable to increases in Operating Expenses for the Receiving Room, Suite 30 shall be 2016.

Calendar Year. For the purpose of this Lease, Calendar Year shall be a period of 12 months commencing on each January 1 during the Term, except that the first Calendar Year shall be that period from and including the Commencement Date through December 31 of that same year, and the last Calendar Year shall be that period from and including the last January 1 of the Term through the earlier of the Expiration Date or date of Lease termination.

BASE YEAR. Tenant shall pay its pro rata share of any increases in taxes and operating expenses of over and above a 2020 base year.

Plan Year. Plan Year means January 1 through December 31.

The Company shall not, and shall not permit any Loan Party to, change its fiscal year from the twelve-month period beginning January 1 and ending December 31.

Fiscal Year. The Borrower shall not change its fiscal year or method of accounting (except as permitted under GAAP or required by law or rule or regulation of any Governmental Authority) without providing the Administrative Agent with prior written notice # providing a detailed explanation of such changes and # including pro forma financial statements demonstrating the impact of such change.

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