1Base Rent. Tenant shall pay to Landlord at such place as Landlord may from time to time designate in writing, by good check or other funds approved by Landlord from time to time, as a minimum annual base rent for the Premises, an amount equal to Eight Hundred Eighty Thousand Four Hundred Sixty-Two Dollars ($880,462.00), which is calculated by multiplying the Square Footage by Fifteen Dollars and 50/100 ($15.50) (the “Annual Base Rent”). The Annual Base Rent shall be payable in equal monthly installments of Seventy-Three Thousand Three Hundred Seventy-One and 83/100 Dollars ($73,371.83) (the “Monthly Base Rent”). The Annual Base Rent shall be increased as set forth below. In addition to the Annual Base Rent, Tenant shall be responsible for the payment of Additional Rent (as defined below), including, but not limited to, Common Area Maintenance Expenses. All installments of Monthly Base Rent shall be payable monthly in advance, without previous notice or demand therefor, and without deduction, diminution, or set-off, with the first monthly installment of Annual Base Rent due and payable upon execution hereof. Each subsequent monthly installment shall be due and payable on the first day of each and every month following the Commencement Date during the Term. If the Commencement Date is a date other than the first day of a month, rent for the period commencing with and including the Commencement Date and ending on and including the day prior to the first day of the following month shall be prorated at the rate of one-thirtieth (1/30th) of the Monthly Base Rent per day and shall be due and payable on the Commencement Date.
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1Base Rent. Tenant shall pay to Landlord at such place as Landlord may from time to time designate in writing, by good check or other funds approved by Landlord from time to time, as a minimum annual base rent for the Premises, an amount equal to Eight Nine Hundred Eighty Eight Thousand Nine Hundred Sixty Four Hundred Sixty-Two and 01/100 Dollars ($880,462.00988,964.01), which is calculated by multiplying the Square Footage by Fifteen Twelve Dollars and 50/100 29/100 ($15.5012.29) (the “Annual Base Rent”). The Annual Base Rent shall be payable in equal monthly installments of SeventyEighty-Three Two Thousand Three Four Hundred Seventy-One Thirteen and 83/100 67/100 Dollars ($73,371.8382,413.67) (the “Monthly Base Rent”). The Annual Base Rent shall be increased as set forth below. In addition to the Annual Base Rent, Tenant shall be responsible for the payment of Additional Rent (as defined below), including, but not limited to, Common Area Maintenance Expenses. All installments of Monthly Base Rent shall be payable monthly in advance, without previous notice or demand therefor, and without deduction, diminution, or set-off, with the first monthly installment of Annual Base Rent due and payable upon execution hereof. Each subsequent monthly installment shall be due and payable on the first day of each and every month following the Commencement Date during the Term. If the Commencement Date is a date other than the first day of a month, rent for the period commencing with and including the Commencement Date and ending on and including the day prior to the first day of the following month shall be prorated at the rate of one-thirtieth (1/30th) of the Monthly Base Rent per day and shall be due and payable on the Commencement Date.
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