Annual Rent. LESSEE covenants and agrees to pay as rent to LESSOR the sum of ($ ) per annum, on or before the Anniversary Date of this Lease Agreement each year; provided, however, that the payment of rent for the first year of this lease shall be due at the time of approval by LESSOR. The obligation of LESSEE to pay rent under this Lease Agreement is unconditional, and the rent shall not be subject to set off for any reason or cause. LESSOR and LESSEE agree that in the event of termination or cancellation, any rental payment made during the term of this Lease Agreement is not refundable, and LESSEE waives any right or claim it may have to refund of rent paid. Rents shall be adjusted periodically pursuant to the rent adjustment clause contained in Paragraph 3 of this lease. In the event LESSEE is delinquent in the payment of rent, LESSEE shall pay a late charge equal to fifteen percent (15%) of the amount of rent past due for more than 30 days and thereafter shall pay interest on any rent past due at an annual rate (the “Default Rate”) equal to the maximum rate then allowed by law or, if there is no maximum rate, then a rate equal to five percent per annum above the discount rate, excluding any surcharge thereon, on ninety-day commercial paper in effect at the Federal Reserve Bank in the Federal Reserve district in which LESSOR is located, calculated according to the actuarial method.
Annual Rent. Lessees shall pay as rental for the land $ for each growing season. This represents a rental fee of $ per acre on 66 tillable acres. Lessee shall pay one-half of the rent ($ ) for the growing season in full on or before April 1 with the balance paid in full by November 30 each year.
Annual Rent. Annual rent for the term of the Lease shall be [AMOUNT] Dollars ($[#]), plus applicable sales tax.
Annual Rent. During the Lease Term, the Lessee must pay to the Lessor Annual Rent for the Premises in the aggregate annual amount of ($ ) (as adjusted for CPI if provided below) payable in advance in equal monthly installments on the first day of each calendar month.
Annual Rent. The annual rent of the above described land for 20 and each following year of the agreement shall be $ , as adjusted by the Consumer Price Index (CPI) and is due and payable to Ogden City Corporation, in advance, on the first business day of each calendar year of the Agreement.
Annual Rent. The Lessee shall pay to the Lessor an Annual Rent of XXXXX Thousand XXX Hundred XXX Dollars and Zero Cents ($XXX.00) payable at XXX Hundred XXXX Dollars and Zero Cents ($xxxx.00) in equal monthly installments during the term of this Lease. The Annual Rent shall commence on the first day of the month after the Construction Period of six months or less has expired, as described in Section 4.01 herein. Payment of Annual Rent shall be made in equal monthly installments in advance on the first day of every month during the term thereof, without any previous demand by Lessor, provided, however, if possession of the Leased Premises is granted to the Lessee at a date after the first of the month, then in such event the rent for such first month shall be prorated. If any installment of Annual Rent or Construction Period Rent is not received by the 10th day after the day when payment is due it shall bear interest at the rate of ten percent (10%) per month from the date when the same was due per the term of this Lease until paid by Lessee. The Annual Rent or Construction Period Rent shall be paid at Lessor’s office at 3274 Estate Richmond, Christiansted, St. Croix, U.S. Virgin Islands 00820, together with any other sum due as additional rent as provided herein.
Annual Rent. Tenant shall pay to the District for the Leased Premises the Annual Rent for each Lease Year (Twelve months beginning on the first day of March and ending on the last day of February) during the term of this Lease set forth in Exhibit “A” attached hereto and incorporated herein by this reference. Annual Rent for the first Lease Year and the last Lease Year of the term of this Lease shall be prorated if the first or last Lease Year is a partial Lease Year.
Annual Rent. 3.3.1 Immediately upon Lessee’s receipt of monies from the operation of the F&B/R concessions herein authorized, the portion of monies belonging to Lessor under the terms of this Lease shall immediately be vested in and become the property of Lessor, and Lessee shall be responsible for the monies until the same are delivered to Lessor.
Annual Rent. (i) Office space and Pro Rata Share of Building Common Areas - $16.15 per square foot, or $2,366,863.25
Annual Rent. Lessee shall pay as rental for the land $ , for each year of the five-year term. This represents a rental fee of $ per acre on 396 tillable acres. Payments shall be paid on a semi-annual basis: twenty-five percent (25%) of the rent (which equals $ ) is due on or before March 15th, the remaining seventy-five percent (75%) balance is due on or before October 31st. Five percent (5%) interest, compounded monthly, shall be charged on the last day of every month that the rent payment is late, and the County reserves the right to terminate the Lease for any late payments that are not cured within the timeframe noted in Section 4 below.
