Annual Base Rent Sample Clauses

Annual Base Rent. The Annual Base Rent (at the applicable rate) shall commence to accrue hereunder on the Rent Commencement Date. Tenant shall pay the Annual Base Rent to Landlord in twelve (12) equal monthly installments on or before the first (1st) day of each month commencing with the First Rent Payment Date. Annual Base Rent for any partial month period shall be prorated and paid with the first monthly payment based on a thirty (30) day month and actual days elapsed. No invoice shall be provided nor shall any invoice be required from Landlord in order for Tenant to be obligated under this Section. Annual Base Rent during the Initial Period shall be payable at the Initial Period Rent rate, and Annual Base Rent during the Construction Period shall be paid at the Construction Period Rent rate.

Annual Base Rent. A. Beginning with the Commencement Date and continuing throughout the term of this Lease, Lessee shall pay to Lessor in lawful United States currency, the fixed annual rent described in Paragraph 4 of the Summary (the “Fixed Annual Rent”), payable in the equal monthly installments described in Paragraph 4 of the Summary (the “Base Monthly Rent”), together with any and all sales and use taxes levied upon the use and occupancy of the premises as set forth in Article 4 hereof. Payment shall be in advance on the first day of each month. Lessee’s rent in the first month of the term and the last month of terra shall be pro-rated based on the number of days the Lessee is obligated and bound by this Lease. All rent shall be paid to Lessor without demand, setoff or deduction whatsoever, c/o Simone Structures, J.V., ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇, #▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇ or at such other place as lessor shall designate in writing to Lessee. B. In the event that any payment herein provided for by Lessee to Lessor shall become overdue for a period in excess often (10) days, then, at Lessor’s option, a “late charge” of one and one-half percent (1.5%) of such payment as additional rent may be charged. C. The base rent shall be increased to compensate for changes in the cost of living as computed by reference to the Consumer Price Index for all Urban Consumers, U.S. City Average, all items (1982-84 = 100) published by Bureau of Labor Statistics of the U.S. Department of Labor with a minimum of three (3%) percent and a maximum of five (5%) percent. Adjustments to the base rent shall be computed annually commencing on the first (1st) anniversary of the commencement date and on each annual anniversary of the commencement date. The amount of adjustment shall be arrived for succeeding years of the lease term by dividing the most recent CPI by the preceding year’s CPI and multiplying the monthly rent by the result. Because actual CPI figures are not published until sometime after the month for which they are collected and therefore not available at the time an increase should become effected, a CPI figure from two months prior to the increase month shall be used; however, under no circumstances shall the Tenant pay an annual rent of less than the amount of Base Rent paid in the year before. In the event this price index is discontinued or changed in any way, at the election of the Lessor the parties herein shall accept comparable statistics on the Cost of Living as computed and...

Annual Base Rent. Commencing on the Commencement Date, Tenant shall pay Base Rent in the amounts set forth in the schedule attached hereto as Exhibit “B”. The Base Rent does not include Additional Rent or rental, excise, sales, or transaction privilege taxes imposed by any taxing authority upon Landlord on its receipt of any amounts paid by Tenant pursuant to this Lease, all of which are payable by Tenant.

Annual Base Rent. (i) During each Lease Year, Tenant shall pay the annual base rent in the amount set forth in Section 1.d hereof, subject, however, to annual adjustments thereto as set forth in Section 4.a(ii), below (the "Annual Base Rent"). Annual Base Rent shall be payable in equal monthly installments (the "Monthly Base Rent") in advance. (ii) Commencing on the first day of the second (2nd) Lease Year and on the first day of each Lease Year thereafter during the Term, Annual Base Rent shall be increased by an amount equal to three percent (3%) of the Annual Base Rent in effect during the immediately-preceding Lease Year. (iii) In addition to the payment of Annual Base Rent, Tenant shall be responsible for the payment of Tenant's Pro Rata Share (hereinafter defined) of increases in Operating Expenses (hereinafter defined) and Tenant's Pro Rata Share of increases in Real Estate Taxes (hereinafter defined) pursuant to Section 4.b hereof. (iv) All installments of Monthly Base Rent shall be payable in advance, with the first installment thereof ("Monthly Base Rent") due and payable upon execution of this Lease. If the Commencement Date shall be a day other than the first day of a calendar month, (A) the Annual Base Rent for the first Lease Year shall be an amount equal to the sum of (x) the amount of Monthly Base Rent for the partial month in which the Commencement Date occurs, plus (y) the amount of the Annual Base Rent set forth in Section ▇.▇, above, and (B) Monthly Base Rent for such partial month shall be the prorated amount of the Monthly Base Rent payable hereunder during the first Lease Year, which proration shall be based upon the actual number of days of such partial month. The prorated Monthly Base Rent for such partial month shall be payable on the first day of the calendar month after the month in which the Commencement Date occurs.

Annual Base Rent. Tenant covenants and agrees to pay to Landlord, as rent for the Premises for the first Rental Year, the sum of Forty Six Thousand Six Hundred Seventeen Dollars ($46,617.00) payable in equal monthly installments of Three Thousand Eight Hundred Eighty Four Dollars and 75/100 ($3,884.75). Thereafter, the annual base Rent shall be adjusted as provided in paragraph 2.c.

Annual Base Rent. Lessee shall pay Lessor as rent for the premises, the sum AS SHOWN ON ATTACHED RIDER ONE PARAGRAPH 41 , payable in advance, without deduction or set-off, in legal tender of the United States of America, on the first day of each and every calendar month of the term, at the offices of ▇▇▇▇▇▇▇▇▇-▇▇▇▇▇▇ Company (hereinafter called the "Company"), The Diamond Building, ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇, or at such other place as Lessor may, from time to time, in writing designate. Any rent or other sums payable by Lessee to Lessor under this Lease which are not paid within five (5) days after they first become due, will be subject to a late charge of five percent (5%) of the amount due. Such late charges will be due and payable as additional rent on or before the next day on which an installment of rent is due. Any rent, late charges or other sums payable by Lessee to Lessor under this Lease which are not paid when due will bear interest at a rate equal to eighteen percent (18%) per annum, such interest to commence on the date that said payment was first due and payable, or, at the Lessor's election, if a late charge is assessed, fifteen (15) days after the date said payment was first due and payable. Such interest will be due and payable as additional rent on or before the next installment of rent and will accrue until paid from the date thereof.

Annual Base Rent. 4.1.1. During the first six (6) Lease Years of the Term, Tenant covenants and agrees to pay unto Landlord, in legal tender of the United States of America, annual base rent (“Annual Base Rent”) in the amount of Four Hundred Eighty Thousand Dollars ($480,000.00) per Lease Year. Annual Base Rent for the initial Lease Year will be paid on November 1, 2006; provided, however, Tenant shall receive credit for all payments made under the Operating Agreement. Thereafter, all payments of Annual Base Rent will be made in advance on October 15th of each succeeding Lease Year beginning November 1, 2007 as follows: (A) Landlord and Tenant have agreed that Landlord shall sell, and Tenant shall purchase, the Equipment and the Inventory listed together on Exhibit D attached hereto (the “Installment Payment Inventory”), for a total purchase price of One Million Eighty Thousand Dollars ($1,080,000.00). One Hundred Eighty Thousand Dollars ($180,000.00) of each Annual Base Rent payment set forth above is in consideration for, and allocated to the purchase price of, the Installment Payment Inventory, which pursuant to Section 2.4 has been conveyed to Tenant free and clear of debt and liens. Annual Base Rent will terminate after the sixth (6th) payment; and (B) Until such time as the Little ▇▇▇▇▇▇▇ Debt is paid in full and released, all Annual Base Rent shall be first used by Landlord to pay amounts due and payable in accordance with the debt service payment schedule towards payment of the Little ▇▇▇▇▇▇▇ Debt. 4.1.2. Tenant reserves the right to prepay the Annual Base Rent in an amount equal to the then effective “payoff amount” to pay the Little ▇▇▇▇▇▇▇ Debt in full. Such prepayment of Annual Base Rent shall be calculated at the then net present value (at a discount rate of 3.37%) of the total then remaining unpaid Annual Base Rent payable during the first six (6) years of this Lease. Landlord shall promptly use such prepayment of rent to pay the Little ▇▇▇▇▇▇▇ Debt in full. The Annual Base Rent will then be recalculated based upon the net present value (at a discount rate of 3.37%) of $2,880,000.00, less (i) the prepayment amount, and (ii) any Annual Base Rent already made to Landlord (including under the Operating Agreement), which difference will then be apportioned and payable in equal annual installments over the remainder of the first six (6) Lease Years upon the same terms as the payment of Annual Base Rent, or at the election of Tenant, Tenant may pay such balance in f...

Annual Base Rent. During each of the first five (5) Lease Years, Annual Base Rent in the amounts per annum for the respective years of the Term as more particularly set out in section 1.1(f). During each of the next five (5) Lease Years, the Annual Base Rent shall be the Annual Base Rent as more particularly set out in section 1.1(g).

Annual Base Rent beginning June 29, 2004 ending June 30, 2005 beginning July 1, 2005 ending June 30, 2006 beginning July 1, 2006 ending June 30, 2007 beginning July 1, 2007 ending June 30, 2008 beginning July 1, 2008 ending June 30, 2009 beginning July 1, 2009 ending June 30, 2010 beginning July 1, 2010 ending October 31 2010