Using the Date Calculator

As mentioned in Add Options, the date calculator may be used when a specific date is not provided in the lease documentation but the documentation provides enough information to calculate the date.

To use the Date Calculator, follow these procedures:

1. Click the “Date Calculator” button.
2. Date Type: From the drop-down list, select either “Notification” or “Effective” as the type of date being calculated.
3. Amount: Enter the number of calendar days, business days, weeks, months, quarters or years to be used in the calculation.
4. Calculation Term: From the drop-down list, select either calendar days, business days, weeks, months, quarters or years based upon the number entered in the “Amount” field.
5. From the Date: Enter the date from which the Amount/Calculation Term is being subtracted.
6. 360 Day Calendar: Check this box if the calculation is to be based upon a 360 day calendar (each month is assumed to have 30 days).
7. Exclude Holidays: Check this box if standard U.S. holidays are to be excluded from the calculation.
8. Extend to Month End: Check this box if you want the calculated date to be extended to the end of the month (for example, if the calculated date is 3/16/2012 and the “Extend to Month End” box is checked, the result would be 3/31/2012).
9. Click the “Calculate” button. The calculated date will appear in the empty field.
10. If you want to auto-populate a notification or effective date field with the calculated date, select the applicable date type from the drop-down list and click the “Set Date” button.
11. Click the “Hide Date Calculator” button if you no longer want to view the calculator.

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