Common use of Base Rent Clause in Contracts

Base Rent. The Security Deposit shall be due and payable on delivery of an executed copy of this Lease to Landlord. The first full calendar month’s Base Rent shall be due and payable on October 1, 2017, and then commencing on the Rent Commencement Date, Tenant shall pay to Landlord in advance, without demand, abatement, deduction or set-off, monthly installments of Base Rent on or before the first day of each calendar month during the Term hereof, in lawful money of the United States of America, at the office of Landlord for payment of Rent set forth above, or to such other person or at such other place as Landlord may from time to time designate in writing. Payments of Base Rent for any fractional calendar month shall be prorated. If the Rent Commencement Date is other than the first day of a calendar month, the difference between the first full calendar month’s Base Rent paid upon delivery of an executed copy of this Lease by Tenant to Landlord as required above, and the prorated Base Rent for the fractional month in which the Rent Commencement Date occurs, shall be applied by Landlord to such first full calendar month after the Rent Commencement Date. The obligation of Tenant to pay Base Rent and other sums to Landlord and the obligations of Landlord under this Lease are independent obligations. Tenant shall have no right at any time to ▇▇▇▇▇, reduce, or set-off any Rent (as defined in Section 5) due hereunder except for any abatement as may be expressly provided in this Lease.

Appears in 3 contracts

Sources: Lease Agreement (Sigilon Therapeutics, Inc.), Lease Agreement (Foghorn Therapeutics Inc.), Lease Agreement (Sigilon Therapeutics, Inc.)

Base Rent. The Security Deposit Base Rent for the month in which the Rent Commencement Date occurs shall be due and payable on delivery of an executed copy of this Lease to Landlord. The first full calendar month’s Base Rent shall be due and payable on October 1, 2017, and then commencing Landlord on the Rent Commencement Date, . Tenant shall pay to Landlord in advance, without demand, abatementabatement (except as permitted herein), deduction or set-off, monthly installments of Base Rent on or before the first day of each calendar month during the Term hereofhereof after the Rent Commencement Date, in lawful money of the United States of America, at the office of Landlord for payment of Rent set forth above, or to such other person or at such other place as Landlord may from time to time designate in writing. Payments of Base Rent for any fractional calendar month shall be prorated. If the Rent Commencement Date is other than the first day of a calendar month, the difference between the first full calendar month’s Base Rent paid upon delivery of an executed copy of this Lease by Tenant to Landlord as required above, and the prorated Base Rent for the fractional month in which the Rent Commencement Date occurs, shall be applied by Landlord to such first full calendar month after the Rent Commencement Date. The obligation of Tenant to pay Base Rent and other sums to Landlord and the obligations of Landlord under this Lease (other than the funding of the additional TI Allowance for which TI Rent is due) are independent obligations. Tenant shall have no right at any time to ▇▇▇▇▇, reduce, or set-off any Rent (as defined in Section 5) due hereunder except for any abatement as may be expressly provided in this Lease. Notwithstanding anything to the contrary contained in this Lease, for the period commencing on the Rent Commencement Date through the last day of the 18th month after the Commencement Date, Tenant shall be required to pay Base Rent with respect to only 50,000 rentable square feet of the Premises; provided, however, that during such period, the administration rent set forth in Section 5 below shall be based on the amount of Base Rent that would have been payable with respect to the entire Premises. Tenant shall commence paying Base Rent with respect to the entire Premises on the first day of the 19th month after the Commencement Date.

Appears in 3 contracts

Sources: Sublease, Sublease (Gossamer Bio, Inc.), Sublease (Gossamer Bio, Inc.)

Base Rent. Tenant shall pay Base Rent in the amount set forth above. The first month's Base Rent, the Security Deposit Deposit, and the first monthly installment of estimated Operating Expenses (as hereafter defined) shall be due and payable on delivery of an executed copy of this Lease to Landlord. The first full calendar month’s Base Rent shall be due and payable on October 1, 2017the date hereof, and then commencing on the Rent Commencement Date, Tenant shall promises to pay to Landlord in advance, without demand, abatement, deduction or set-off, monthly installments of Base Rent on or before the first day of each calendar month during succeeding the Term hereof, in lawful money of the United States of America, at the office of Landlord for payment of Rent set forth above, or to such other person or at such other place as Landlord may from time to time designate in writingCommencement Date. Payments of Base Rent for any fractional calendar month shall be prorated. If the Rent Commencement Date is other than the first day of a calendar month, the difference between the first full calendar month’s Base Rent paid upon delivery of an executed copy of this Lease All payments required to be made by Tenant to Landlord as required above, and the prorated Base Rent for the fractional month in which the Rent Commencement Date occurs, hereunder shall be applied payable at such address as Landlord may specify from time to time by Landlord to such first full calendar month after the Rent Commencement Datewritten notice delivered in accordance herewith. The obligation of Tenant to pay Base Rent and other sums to Landlord and the obligations of Landlord under this Lease are independent obligations. Tenant shall have no right at any time to ▇▇▇▇▇, reduce, or set-off any Rent (as defined in Section 5) rent due hereunder except for any abatement as may be expressly provided in this Lease. If Tenant is delinquent in any monthly installment of Base Rent or of estimated Operating Expenses for more than 5 days, Tenant shall pay to Landlord on demand a late charge equal to 5 percent of such delinquent sum. The provision for such late charge shall be in addition to all of Landlord's other rights and remedies hereunder or at law and shall not be construed as a penalty.

Appears in 3 contracts

Sources: Lease Agreement (Wells Real Estate Investment Trust Inc), Lease Agreement (Concord Camera Corp), Lease Agreement (Burke Industries Inc /Ca/)

Base Rent. The Security Deposit shall be due and payable on delivery of an executed copy of this Lease to Landlord. The first full calendar month’s Base Rent shall be due and payable on October July 1, 2017, and then commencing on the Rent Commencement Date, 2018. Tenant shall pay to Landlord in advance, without demand, abatement, deduction or set-off, equal monthly installments of Base Rent on or before the first day of each calendar month during the Term hereof, in lawful money of the United States of America, at the office of Landlord for payment of Rent set forth above, or to such other person or at such other place as Landlord may from time to time designate in writing. Payments of Base Rent for any fractional calendar month shall be prorated. If the Rent Commencement Date is other than the first day of a calendar month, the difference between the first full calendar month’s Base Rent paid upon delivery of an executed copy of this Lease by Tenant to Landlord as required above, and the prorated Base Rent for the fractional month in which the Rent Commencement Date occurs, shall be applied by Landlord to such first full calendar month after the Rent Commencement DateDate and Tenant shall pay the remainder of the first full calendar month’s rent to Landlord on or before the first day of such first full calendar month. The obligation of Tenant to pay Base Rent, Additional Rent and any other sums to Landlord and the obligations of Landlord under this Lease are independent obligations. Tenant shall have no right at any time to ▇▇▇▇▇, reduce, or set-off any Rent (as defined in Section 5) due hereunder except for any abatement as may be expressly provided in this Lease.

Appears in 2 contracts

Sources: Lease Agreement (Rubius Therapeutics, Inc.), Lease Agreement (Rubius Therapeutics, Inc.)

Base Rent. The Security Deposit shall be due and payable on delivery of an executed copy of this Lease to Landlord. The first full calendar month’s Base Rent shall be due and payable on October 1, 2017, and then commencing on 30 days prior to the Rent Commencement Date, . The Security Deposit shall be due and payable within 10 days following the mutual execution and delivery of this Lease. Tenant shall pay to Landlord in advance, without demand, abatementabatement (except as may be expressly provided in this Lease), deduction or set-off, monthly installments of Base Rent on or before the first day of each calendar month during the Term hereof, in lawful money of the United States of America, at the office of Landlord for payment of Rent set forth above, or to such other person or at such other place as Landlord may from time to time designate in writing. Payments of Base Rent for any fractional calendar month shall be prorated. If the Rent Commencement Date is other than the first day of a calendar month, the difference between the first full calendar month’s Base Rent paid upon delivery of an executed copy of this Lease by Tenant to Landlord as required above, and the prorated Base Rent for the fractional month in which the Rent Commencement Date occurs, shall be applied by Landlord to such first full calendar month after the Rent Commencement Date. The obligation of Tenant to pay Base Rent and other sums to Landlord and the obligations of Landlord under this Lease are independent obligations. Tenant shall have no right at any time to ▇▇▇▇▇, reduce, or set-off any Rent (as defined in Section 5) due hereunder except for any abatement as may be expressly provided in this Lease. Notwithstanding anything to the contrary contain herein, so long as Tenant is not then in Default under this Lease, for the period commencing on the Commencement Date through the last day of the 30th month after the Commencement Date (the “Partial Abatement Period”), Tenant shall only be required to pay Base Rent with respect to 18,000 rentable square feet of the Premises (provided that Tenant will be permitted to use the entire Premises). Commencing on the first day of the 31st month after the Commencement Date, Tenant shall commence paying Base Rent with respect to the entire Premises.

Appears in 2 contracts

Sources: Lease Agreement (Metacrine, Inc.), Lease Agreement (Metacrine, Inc.)

Base Rent. The Security Deposit shall be due and payable on delivery of an executed copy of this Lease to Landlord. The first full calendar month’s Base Rent shall be due and payable on October 1, 2017, and then commencing . Commencing on the Rent Commencement Date, Tenant shall pay to Landlord in advance, without demand, abatementabatement (except as expressly provided in Section 4(a) below), deduction or set-off, monthly installments of Base Rent on or before the first day of each calendar month during the Term hereof, in lawful money of the United States of America, at the office of Landlord for payment of Rent set forth above, or to such other person or at such other place as Landlord may from time to time designate in writing. Payments of Base Rent for any fractional calendar month shall be prorated. If the Rent Commencement Date is ▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇, MA/TCR2 Therapeutics Inc. - Page 6 other than the first day of a calendar month, the difference between the first full calendar month’s Base Rent paid upon delivery of an executed copy of this Lease on October 1, 2017 by Tenant to Landlord as required above, and the prorated Base Rent for the fractional month in which the Rent Commencement Date occurs, shall be applied by Landlord to such first full calendar month after the Rent Commencement Date. The obligation of Tenant to pay Base Rent and other sums to Landlord and the obligations of Landlord under this Lease are independent obligations. Tenant shall have no right at any time to ▇▇▇▇▇, reduce, or set-off any Rent (as defined in Section 5) due hereunder except for any abatement as may be expressly provided in this Lease.

Appears in 2 contracts

Sources: Lease Agreement (Tcr2 Therapeutics Inc.), Lease Agreement (Tcr2 Therapeutics Inc.)

Base Rent. The Base Rent for the first full month immediately following the expiration of the Abatement Period (as defined below) and the Security Deposit shall be due and payable on concurrently with Tenant’s delivery of an executed copy of this Lease to Landlord. The first full calendar month’s Base Rent shall be due and payable on October 1, 2017, and then commencing on the Rent Commencement Date, Tenant shall pay to Landlord in advance, without demand, abatement, deduction or set-off, equal monthly installments of Base Rent on or before the first day of each calendar month during the Term hereofhereof after the Rent Commencement Date, in lawful money of the United States of America, at the office of Landlord for payment of Rent set forth above, or to such other person or at such other place as Landlord may from time to time designate in writing, or via federally insured wire transfer (including ACH) pursuant to wire instructions provided by Landlord. Payments of Base Rent for any fractional calendar month shall be prorated. If the Rent Commencement Date is other than the first day of a calendar month, the difference between the first full calendar month’s Base Rent paid upon delivery of an executed copy of this Lease by Tenant to Landlord as required above, and the prorated Base Rent for the fractional month in which the Rent Commencement Date occurs, shall be applied by Landlord to such first full calendar month after the Rent Commencement Date. The obligation of Tenant to pay Base Rent and other sums to Landlord and the obligations of Landlord under this Lease are independent obligations. Tenant shall have no right at any time to ▇▇▇▇▇, reduce, or set-off any Rent (as defined in Section 5) due hereunder except for any abatement as may be expressly provided in this Lease. Notwithstanding anything to the contrary contained in the Lease, so long as Tenant is not in Default (as defined in Section 20) hereunder, Tenant shall not be required to pay Base Rent for the period of 330 consecutive days immediately following the Rent Commencement Date (the “Abatement Period”). Tenant shall pay full Base Rent (as adjusted pursuant to Section 4 below) on the 331st day following the Rent Commencement Date.

Appears in 2 contracts

Sources: Lease Agreement (Erasca, Inc.), Lease Agreement (Erasca, Inc.)

Base Rent. The Security Deposit shall be due and payable on delivery of an executed copy of this Lease to Landlord. The first full calendar month’s Base Rent shall be due and payable on October 1, 2017, and then commencing on the Rent Commencement Date, Tenant shall pay to Landlord in advance, without demand, abatement, deduction or set-off, monthly installments of Base Rent on or before the first day of each calendar month during the Term hereof, in lawful money of the United States of America, at the office of Landlord for payment of Rent set forth above, or to such other person or at such other place as Landlord may from time to time designate in writing. Payments of Base Rent for any fractional calendar month shall be prorated. If the Rent Commencement Date is other than the first day of a calendar month, the difference between the first full calendar month’s Base Rent paid upon delivery of an executed copy of this Lease by Tenant to Landlord as required above, and the prorated Base Rent for the fractional month in which the Rent Commencement Date occurs, shall be applied by Landlord to such first full calendar month after the Rent Commencement Date. The obligation of Tenant to pay Base Rent and other sums to Landlord and the obligations of Landlord under this Lease are independent obligations. Tenant shall have no right at any time to ▇▇▇▇▇, reduce, or set-set- off any Rent (as defined in Section 5) due hereunder except for any abatement as may be expressly provided in this Lease.

Appears in 2 contracts

Sources: Lease Agreement (Sigilon Therapeutics, Inc.), Lease Agreement (Sigilon Therapeutics, Inc.)

Base Rent. Tenant shall pay Base Rent in the amount set forth above. The first month's Base Rent, the Security Deposit Deposit, and the first monthly installment of estimated Operating Expenses (as hereafter defined) shall be due and payable on delivery of an executed copy of this Lease to Landlord. The first full calendar month’s Base Rent shall be due and payable on October 1, 2017the date hereof, and then commencing on the Rent Commencement Date, Tenant shall promises to pay to Landlord in advance, without demand, abatement, deduction or set-off, monthly installments of Base Rent on or before the first day of each calendar month during succeeding the Term hereof, in lawful money of the United States of America, at the office of Landlord for payment of Rent set forth above, or to such other person or at such other place as Landlord may from time to time designate in writingCommencement Date. Payments of Base Rent for any fractional calendar month shall be prorated. If the Rent Commencement Date is other than the first day of a calendar month, the difference between the first full calendar month’s Base Rent paid upon delivery of an executed copy of this Lease All payments required to be made by Tenant to Landlord as required above, and the prorated Base Rent for the fractional month in which the Rent Commencement Date occurs, hereunder shall be applied payable at such address as Landlord may specify from time to time by Landlord to such first full calendar month after the Rent Commencement Datewritten notice delivered in accordance herewith. The obligation of Tenant to pay Base Rent and other sums to Landlord and the obligations of Landlord under this Lease are independent obligations. Tenant shall have no right at any time to ▇▇▇▇▇, reduce, or set-off any Rent (as defined in Section 5) rent due hereunder except for any abatement as may be expressly provided in this Lease. Tenant waives and releases all statutory liens and offset rights as to rent. If Tenant is delinquent in any monthly installment of Base Rent or of estimated Operating Expenses for more than 5 days, Tenant shall pay to Landlord on demand a late charge equal to 5 percent of such delinquent sum. The provision for such late charge shall be in addition to all of Landlord's other rights and remedies hereunder or at law and shall not be construed as a penalty.

Appears in 2 contracts

Sources: Lease Agreement (Intervideo Inc), Lease Agreement (Onsale Inc)

Base Rent. Tenant shall pay Base Rent in the amount set forth above. The first month's Base Rent, the Security Deposit Deposit, and the first monthly installment of estimated Operating Expenses (as hereafter defined) shall be due and payable on delivery of an executed copy of this Lease to Landlord. The first full calendar month’s Base Rent shall be due and payable on October 1, 2017the date hereof, and then commencing on the Rent Commencement Date, Tenant shall promises to pay to Landlord in advance, without demand, abatement, deduction or set-off, monthly installments of Base Rent on or before the first day of each calendar month during succeeding the Term hereof, in lawful money of the United States of America, at the office of Landlord for payment of Rent set forth above, or to such other person or at such other place as Landlord may from time to time designate in writingCommencement Date. Payments of Base Rent for any fractional calendar month shall be prorated. If the Rent Commencement Date is other than the first day of a calendar month, the difference between the first full calendar month’s Base Rent paid upon delivery of an executed copy of this Lease All payments required to be made by Tenant to Landlord as required above, and the prorated Base Rent for the fractional month in which the Rent Commencement Date occurs, hereunder shall be applied payable at such address as Landlord may specify from time to time by Landlord to such first full calendar month after the Rent Commencement Datewritten notice delivered in accordance herewith. The obligation of Tenant to pay Base Rent and other sums to Landlord and the obligations of Landlord under this Lease are independent obligations. Tenant shall have no right at any time to ▇▇▇▇▇, reduce, or set-off any Rent (as defined in Section 5) rent due hereunder except for any abatement as may be expressly provided in this Lease. If Tenant is delinquent in any monthly installment of Base Rent or of estimated Operating Expenses for more than 10 days, Tenant shall pay to Landlord on demand a late charge equal to 5 percent of such delinquent sum. The provision for such late charge shall be in addition to all of Landlord's other rights and remedies hereunder or at law and shall not be construed as a penalty.

Appears in 2 contracts

Sources: Lease Agreement (Streamline Com Inc), Lease Agreement (Channell Commercial Corp)

Base Rent. The Base Rent with respect to the Prior Premises and the First Initial Premises for the month in which the Month-to-Month Premises Rent Commencement Date occurs and the Security Deposit shall be due and payable on delivery of an executed copy of this Lease to Landlord. The first full calendar month’s Base Commencing on the Month-to-Month Premises Rent shall be due Commencement Date with respect to the Prior Premises and payable on October 1the First Initial Premises, 2017, and then commencing on the Rent Second Initial Premises Commencement DateDate with respect to the Second Initial Premises and commencing on the Subsequent Premises Commencement Date with respect to the Long-Term Premises, Tenant shall pay to Landlord in advance, without demand, abatement, deduction or set-off, monthly installments of Base Rent on or before the first day of each calendar month during the Term hereof, in lawful money of the United States of America, at the office of Landlord for payment of Rent set forth above, or to such other person or at such other place as Landlord may from time to time designate in writing. Payments of Base Rent for any fractional calendar month shall be prorated. If the Rent Commencement Date is other than the first day of a calendar month, the difference between the first full calendar month’s Base Rent paid upon delivery of an executed copy of this Lease by Tenant to Landlord as required above, and the prorated Base Rent for the fractional month in which the Rent Commencement Date occurs, shall be applied by Landlord to such first full calendar month after the Rent Commencement Date. The obligation of Tenant to pay Base Rent and other sums to Landlord and the obligations of Landlord under this Lease are independent obligations. Tenant shall have no right at any time to ▇▇▇▇▇, reduce, or set-off any Rent (as defined in Section 5) due hereunder except for any abatement as may be expressly provided in this Lease.

Appears in 1 contract

Sources: Lease Agreement (Nurix Therapeutics, Inc.)

Base Rent. Tenant shall pay Base Rent in the amount set forth above. The third month’s Base Rent, the Security Deposit Deposit, and the first monthly installment of estimated Operating Expenses (as hereafter defined) shall be due and payable on delivery of an executed copy of this Lease to Landlord. The first full calendar month’s Base Rent shall be due and payable on October 1, 2017the date hereof, and then commencing on the Rent Commencement Date, Tenant shall promises to pay to Landlord in advance, without demand, abatement, deduction or set-off, monthly installments of Base Rent on or before the first day of each calendar month during succeeding the Term hereof, in lawful money of the United States of America, at the office of Landlord for payment of Rent set forth above, or to such other person or at such other place as Landlord may from time to time designate in writingCommencement Date. Payments of Base Rent for any fractional calendar month shall be prorated. If the Rent Commencement Date is other than the first day of a calendar month, the difference between the first full calendar month’s Base Rent paid upon delivery of an executed copy of this Lease All payments required to be made by Tenant to Landlord hereunder (or to such other party as required above, and the prorated Base Rent for the fractional month Landlord may from time to time specify in which the Rent Commencement Date occurs, writing) shall be applied by Landlord made to such first full calendar month after place, within the Rent Commencement Datecontinental United States, as Landlord may from time to time designate to Tenant in writing. The Except as otherwise specifically set forth herein, the obligation of Tenant to pay Base Rent and other sums to Landlord and the obligations of Landlord under this Lease are independent obligations. Tenant shall have no right at any time to ▇▇▇▇▇, reduce, or set-off any Rent (as defined in Section 5) rent due hereunder except for any abatement as may be expressly provided in this Lease. If Tenant is delinquent in any monthly installment of Base Rent or of estimated Operating Expenses for more than 5 days and after notice as provided below, Tenant shall pay to Landlord on demand a late charge equal to 5 percent of such delinquent sum. Tenant shall not be obligated to pay the late charge until Landlord has given Tenant 5 days written notice of the delinquent payment (which may be given at any time during the delinquency); provided, however, that such notice shall not be required more than once in any 12-month period or twice over the Lease Term. The provision for such late charge shall be in addition to all of Landlord’s other rights and remedies hereunder or at law and shall not be construed as a penalty.

Appears in 1 contract

Sources: Lease Agreement (Occam Networks Inc/De)

Base Rent. Tenant shall pay Base Rent in the amount set forth above. The first month's Base Rent, the Security Deposit Deposit, and lime first monthly installment of estimated Operating Expenses (as hereafter defined shall be due and payable on delivery of an executed copy of this Lease to Landlord. The first full calendar month’s Base Rent shall be due and payable on October 1, 2017the date hereof, and then commencing on the Rent Commencement Date, Tenant shall promises to pay to Landlord in advance, without demand, abatement, deduction or set-off, monthly installments of Base Rent on or before the first day of each calendar month during succeeding, the Term hereof, in lawful money of the United States of America, at the office of Landlord for payment of Rent set forth above, or to such other person or at such other place as Landlord may from time to time designate in writingCommencement Date. Payments of Base Rent for any fractional calendar month shall be prorated. If the Rent Commencement Date is other than the first day of a calendar month, the difference between the first full calendar month’s Base Rent paid upon delivery of an executed copy of this Lease All payments required to be made by Tenant to Landlord as required above, and the prorated Base Rent for the fractional month in which the Rent Commencement Date occurs, hereunder shall be applied payable at such address as Landlord may specify from time to time by Landlord to such first full calendar month after the Rent Commencement Datewritten notice delivered in accordance herewith. The obligation of Tenant to pay Base Rent and other sums to Landlord and the obligations of Landlord under this Lease are independent obligations. Tenant shall have no right at any time to ▇▇▇▇▇, reduce, or set-off any Rent (as defined in Section 5) rent due hereunder except for any abatement as may be expressly provided in this Lease. If Tenant is delinquent in any monthly installment of Base Rent or of estimated Operating Expenses for more than 5 days, Tenant shall pay to Landlord on demand a late charge equal to 5 percent of such delinquent sum. The provision for such late charge shall be in addition to all of Landlord's other rights and remedies hereunder or at law and shall not be construed as a penalty.

Appears in 1 contract

Sources: Lease Agreement (Americabilia Com Inc)

Base Rent. Tenant shall pay Base Rent in the amount set forth above. The first month's Base Rent, the Security Deposit Deposit, and the first monthly installment of estimated Operating Expenses (as hereafter defined) shall be due and payable on delivery of an executed copy of this Lease to Landlord. The first full calendar month’s Base Rent shall be due and payable on October 1, 2017the date hereof, and then commencing on the Rent Commencement Date, Tenant shall promises to pay to Landlord in advance, without demand, abatement, deduction or set-off, monthly installments of Base Rent on or before the first day of each calendar month during succeeding the Term hereof, in lawful money of the United States of America, at the office of Landlord for payment of Rent set forth above, or to such other person or at such other place as Landlord may from time to time designate in writingCommencement Date. Payments of Base Rent for any fractional calendar month shall be prorated. If the Rent Commencement Date is other than the first day of a calendar month, the difference between the first full calendar month’s Base Rent paid upon delivery of an executed copy of this Lease All payments required to be made by Tenant to Landlord hereunder (or to such other party as required above, and the prorated Base Rent for the fractional month Landlord may from time to time specify in which the Rent Commencement Date occurs, writing) shall be applied made by Electronic Fund Transfer (“EFT”) or by check of immediately available federal funds before 11:00 a.m., Eastern Time, at such place, within the continental United States, as Landlord may from time to such first full calendar month after the Rent Commencement Datetime designate to Tenant in writing. The obligation of Tenant to pay Base Rent and other sums to Landlord and the obligations of Landlord under this Lease are independent obligations. Tenant shall have no right at any time to ▇▇▇▇▇, reduce, or set-off any Rent (as defined in Section 5) rent due hereunder except for any abatement as may be expressly provided in this Lease. If Tenant is delinquent in any monthly installment of Base Rent or of estimated Operating Expenses for more than 5 business days, Tenant shall pay to Landlord on demand a late charge equal to 8 percent of such delinquent sum. The provision for such late charge shall be in addition to all of Landlord's other rights and remedies hereunder or at law and shall not be construed as a penalty.

Appears in 1 contract

Sources: Lease Agreement (Viewsonic Corp)

Base Rent. Tenant shall pay Base Rent in the amount set forth above. The first month's Base Rent, the Security Deposit Deposit, and the first monthly installment of estimated Operating Expenses (as hereafter defined) shall be due and payable on delivery of an executed copy of this Lease to Landlord. The first full calendar month’s Base Rent shall be due and payable on October 1, 2017the date hereof, and then commencing on the Rent Commencement Date, Tenant shall promises to pay to Landlord in advance, without demand, abatement, deduction or set-off, monthly installments of Base Rent on or before the first day of each calendar month during succeeding the Term hereof, in lawful money of the United States of America, at the office of Landlord for payment of Rent set forth above, or to such other person or at such other place as Landlord may from time to time designate in writingCommencement Date. Payments of Base Rent for any fractional calendar month shall be prorated. If the Rent Commencement Date is other than the first day of a calendar month, the difference between the first full calendar month’s Base Rent paid upon delivery of an executed copy of this Lease All payments required to be made by Tenant to Landlord hereunder (or to such other party as required above, and the prorated Base Rent for the fractional month Landlord may from time to time specify in which the Rent Commencement Date occurs, writing) shall be applied made by Electronic Fund Transfer (“EFT”) of immediately available federal funds before 11:00 a.m., Eastern Time, at such place, within the continental United States, as Landlord may from time to such first full calendar month after the Rent Commencement Datetime designate to Tenant in writing. The obligation of Tenant to pay Base Rent and other sums to Landlord and the obligations of Landlord under this Lease are independent obligations. Tenant shall have no right at any time to ▇▇▇▇▇, reduce, or set-off any Rent (as defined in Section 5) rent due hereunder except for any abatement as may be expressly provided in this Lease. If Tenant is delinquent in any monthly installment of Base Rent or of estimated Operating Expenses for more than 5 days, Tenant shall pay to Landlord on demand a late charge equal to 8 percent of such delinquent sum. The provision for such late charge shall be in addition to all of Landlord's other rights and remedies hereunder or at law and shall not be construed as a penalty.

Appears in 1 contract

Sources: Lease Agreement (Winsonic Digital Media Group LTD)

Base Rent. The Security Deposit first month’s Base Rent shall be due and payable on delivery of an executed copy of this Lease to Landlord. The first full calendar month’s Base Rent Security Deposit shall be due and payable on October 1, 2017, and then commencing on the Rent Commencement Date, date that is 5 days after the mutual execution and delivery of this Lease by the parties. Tenant shall pay to Landlord in advance, without demand, abatement, deduction or set-off, monthly installments of Base Rent on or before the first day of each calendar month during the Term hereof, in lawful money of the United States of America, at the office of Landlord for payment of Rent set forth above, or to such other person or at such other place as Landlord may from time to time designate in writing. Payments of Base Rent for any fractional calendar month shall be prorated. If the Rent Commencement Date is other than the first day of a calendar month, the difference between the first full calendar month’s Base Rent paid upon delivery of an executed copy of this Lease by Tenant to Landlord as required above, and the prorated Base Rent for the fractional month in which the Rent Commencement Date occurs, shall be applied by Landlord to such first full calendar month after the Rent Commencement Date. The obligation of Tenant to pay Base Rent and other sums to Landlord and the obligations of Landlord under this Lease are independent obligations. Tenant shall have no right at any time to ▇▇▇▇▇, reduce, or set-off any Rent (as defined in Section 5) due hereunder except for any abatement as may be expressly provided in this Lease. Notwithstanding anything to the contrary contain herein, so long as Tenant is not in Default under this Lease, for the period commencing on the Commencement Date through the last day of the 30th full month after the Commencement Date (the “Partial Abatement Period”), Tenant shall only be required to pay Base Rent with respect to 11,000 rentable square feet of the Premises. Commencing on the first day of the 31st full month after the Commencement Date, Tenant shall commence paying Base Rent with respect to the entire Premises.

Appears in 1 contract

Sources: Lease Agreement (Xeris Pharmaceuticals Inc)

Base Rent. The Security Deposit Tenant shall be due and payable pay Base Rent in the amount set forth on delivery of an executed copy Page 1 of this Lease to LandlordLease. The first full calendar month’s Base Rent shall be due and payable on October 1, 2017the date hereof, and then commencing on the Rent Commencement Date, Tenant shall promises to pay to Landlord in advance, without demand, abatement, deduction or set-off, monthly installments of Base Rent on or before the first day of each calendar month during succeeding the Term hereof, in lawful money of the United States of America, at the office of Landlord for payment of Rent set forth above, or to such other person or at such other place as Landlord may from time to time designate in writingCommencement Date. Payments of Base Rent for any fractional calendar month shall be prorated. If prorated based on the Rent Commencement Date is other than actual number of days in the first day of a applicable calendar month, the difference between the first full calendar month’s Base Rent paid upon delivery of an executed copy of this Lease . All payments required to be made by Tenant to Landlord hereunder (or to such other party as required above, and the prorated Base Rent for the fractional month Landlord may from time to time specify in which the Rent Commencement Date occurs, writing) shall be applied made by check or by Electronic Fund Transfer (“EFT”) of immediately available federal funds before 11:00 a.m., Pacific Time at such place, within the continental United States, as Landlord may from time to such first full calendar month after the Rent Commencement Datetime designate to Tenant in writing. The obligation of Tenant to pay Base Rent and other sums to Landlord and the obligations of Landlord under this Lease are independent obligations. Tenant shall have no right at any time to a▇▇▇▇, reduce, or set-off any Rent (as defined in Section 5) rent due hereunder except for any abatement as may be expressly provided in this Lease. If Tenant is delinquent in any monthly installment of Base Rent or of estimated Operating Expenses (as hereinafter defined) for more than 5 days, Tenant shall pay to Landlord on demand a late charge equal to 5 percent (5%) of such delinquent sum; provided, however, for the first such late payment per twelve (12) month period, no late charge shall be assessed unless such failure continues for five (5) days after written notice thereof. The provision for such late charge shall be in addition to all of Landlord’s other rights and remedies hereunder or at law and shall not be construed as a penalty.

Appears in 1 contract

Sources: Sublease (Atlas Crest Investment Corp.)

Base Rent. The Security Deposit shall be due and payable on delivery of an executed copy of this Lease to Landlord. The first full calendar month’s Base Rent shall be due and payable on October 1, 2017, and then commencing Beginning on the Rent Lease Commencement Date, Tenant shall pay Landlord as base rent (“Base Rent”), for the possession and use of the Leased Premises, the sum of $250,000 per month, payable in advance for each monthly period and continuing until the expiration or earlier termination of this Lease. Rent (as defined below), and all other sums due and payable by Tenant to Landlord in advanceunder this Lease, without demand, abatement, deduction or set-off, monthly installments of Base Rent on or before the first day of each calendar month during the Term hereof, shall be paid in lawful money of the United States of America, at the office of Landlord for payment of Rent and shall be paid via wire transfer pursuant to Landlord’s wiring instructions set forth aboveon Exhibit “C” attached hereto and made a part hereto, or to such other person or at such other place method as Landlord may shall from time to time during the Term designate in writingby written notice to Tenant. Payments of The Base Rent must be paid, without the need for any fractional notice, demand, offset, or deduction, by the first day of each calendar month shall be proratedmonth. If the Rent Commencement Date is Term commences on a date other than the first day of a calendar month, the difference between the first full calendar month’s Base Rent paid upon delivery of an executed copy of this Lease by Tenant to Landlord as required above, and must pay the prorated Base Rent rent for the fractional such prorated month on first day in which the Rent Lease Commencement Date occurs. All sums other than Base Rent that Tenant is obligated to pay under this Lease will be deemed to be “additional rent” due, regardless of whether those sums are designated as additional rent, and shall be applied paid by Tenant without deduction, offset or abatement. Landlord to such first full calendar month after shall have the Rent Commencement Datesame rights and remedies for non-payment of additional rent as Landlord has for non-payment of Base Rent. The obligation of Tenant to pay term “Rent” means the Base Rent and other sums to Landlord and the obligations of Landlord all additional rent payable under this Lease are Lease. The covenant to pay Rent shall be independent obligations. Tenant shall have no right at any time to ▇▇▇▇▇, reduce, or set-off any Rent (as defined in Section 5) due hereunder except for any abatement as may be expressly provided of all other covenants in this Lease.

Appears in 1 contract

Sources: Lease Agreement (AE Biofuels, Inc.)

Base Rent. The first month's Base Rent for the Area B Premises and the Security Deposit shall be due and payable on delivery of an executed copy of this Lease to Landlord. The first full calendar month’s Tenant's obligation to pay Base Rent for the Area A Premises shall be due and payable on October 1, 2017, and then commencing on commence as of the Rent Area A Commencement Date, . Tenant's obligation to pay Base Rent for the Area B Premises shall commence as of the Area B Commencement Date. Tenant's obligation to pay Base Rent for the Area C Premises shall commence as of the Area C Commencement Date. Tenant shall pay to Landlord in advance, without demand, abatementabatement (except as specifically provided for in Section 18), deduction or set-off, monthly installments of Base Rent on or before the first day of each calendar month during the Term hereof, in lawful money of the United States of America, at the office of Landlord for payment of Rent set forth above, or to such other person or at such other place as Landlord may from time to time designate in writing. Payments of Base Rent for any fractional calendar month shall be prorated. If prorated and paid on the Rent Commencement Date is other than the first day basis of a calendar 30 day month, the difference between the first full calendar month’s Base Rent paid upon delivery of an executed copy of this Lease by Tenant to Landlord as required above, and the prorated Base Rent for the fractional month in which the Rent Commencement Date occurs, shall be applied by Landlord to such first full calendar month after the Rent Commencement Date. The obligation of Tenant to pay Base Rent and other sums to Landlord and the obligations of Landlord under this Lease are independent obligations. Tenant shall have no right at any time to ▇▇▇▇▇, reduce, or set-off any Rent (as defined in Section 5) due hereunder except for any abatement as may be expressly provided in this Lease.

Appears in 1 contract

Sources: Lease Agreement (SGX Pharmaceuticals, Inc.)

Base Rent. Tenant shall pay Base Rent in the amount set forth above. The first month’s Base Rent, the Security Deposit Deposit, and the first monthly installment of estimated Operating Expenses (as hereafter defined) shall be due and payable on delivery of an executed copy of this Lease to Landlord. The first full calendar month’s Base Rent shall be due and payable on October 1, 2017the date hereof, and then commencing on the Rent Commencement Date, Tenant shall promises to pay to Landlord in advance, without demand, abatement, deduction or set-off, monthly installments of Base Rent on or before the first day of each calendar month during succeeding the Term hereof, in lawful money of the United States of America, at the office of Landlord for payment of Rent set forth above, or to such other person or at such other place as Landlord may from time to time designate in writingCommencement Date. Payments of Base Rent for any fractional calendar month shall be prorated. If the Rent Commencement Date is other than the first day of a calendar month, the difference between the first full calendar month’s Base Rent paid upon delivery of an executed copy of this Lease All payments required to be made by Tenant to Landlord hereunder (or to such other party as required above, and the prorated Base Rent for the fractional month Landlord may from time to time specify in which the Rent Commencement Date occurs, writing) shall be applied made by Electronic Fund Transfer (“EFT”) of immediately available federal funds before 11:00 a.m., Eastern Time, at such place, within the continental United States, as Landlord may from time to such first full calendar month after the Rent Commencement Datetime designate to Tenant in writing. The obligation of Tenant to pay Base Rent and other sums to Landlord and the obligations of Landlord under this Lease are independent obligations. Tenant shall have no right at any time to ▇▇▇▇▇, reduce, or set-off any Rent (as defined in Section 5) rent due hereunder except for any abatement as may be expressly provided in this Lease. If Tenant is delinquent in any monthly installment of Base Rent or of estimated Operating Expenses for more than 5 days, Tenant shall pay to Landlord on demand a late charge equal to 8 percent of such delinquent sum. The provision for such late charge shall be in addition to all of Landlord’s other rights and remedies hereunder or at law and shall not be construed as a penalty.

Appears in 1 contract

Sources: Lease Agreement (Liquidity Services Inc)

Base Rent. Tenant shall pay Base Rent in the amount set forth above. The Security Deposit first month’s Base Rent and the first monthly installment of estimated Operating Expenses (as hereafter defined) shall be due and payable on delivery of an executed copy of this Lease to Landlord. The first full calendar month’s Base Rent shall be due and payable on October 1, 2017, and then commencing on the Rent Commencement Date, . Tenant shall promises to pay to Landlord in advance, without demand, abatement, deduction or set-offoff during the term hereof, monthly installments of Base Rent on or before the first day of each calendar month during succeeding the Term hereof, in lawful money of the United States of America, at the office of Landlord for payment of Rent set forth above, or to such other person or at such other place Commencement Date except as Landlord may from time to time designate in writingotherwise provided herein. Payments of Base Rent for any fractional calendar month shall be prorated. If the Rent Commencement Date is other than the first day of a calendar month, the difference between the first full calendar month’s Base Rent paid upon delivery of an executed copy of this Lease All payments required to be made by Tenant to Landlord as required above, and the prorated Base Rent for the fractional month in which the Rent Commencement Date occurs, hereunder shall be applied payable at such address as Landlord may specify from time to time by Landlord to such first full calendar month after the Rent Commencement Datewritten notice delivered in accordance herewith. The obligation of Tenant to pay Base Rent and other sums to Landlord and the obligations of Landlord under this Lease are independent obligations. Tenant shall have no right at any time to ▇▇▇▇▇, reduce, or set-off any Rent (as defined in Section 5) rent due hereunder except for any abatement as may be expressly provided in this Lease. If Tenant is delinquent in any monthly installment of Base Rent or of estimated Operating Expenses for more than fifteen (15) days, Tenant shall pay to Landlord on demand a late charge equal to three and one half percent (3.5%) of such delinquent sum, provided however, Landlord shall forgive Tenant one (1) late charge per calendar year. The provision for such late charge shall be in addition to all of Landlord’s other rights and remedies hereunder or at law.

Appears in 1 contract

Sources: Lease Agreement (Gilead Sciences Inc)

Base Rent. Tenant shall pay Base Rent in the amount set forth above. The first month's Base Rent, the Security Deposit Deposit, and the first monthly installment of estimated Operating Expenses (as hereafter defined) shall be due and payable on delivery of an executed copy of this Lease payable, ON THE LEASE COMMENCEMENT DATE and Tenant promises to Landlord. The first full calendar month’s Base Rent shall be due and payable on October 1, 2017, and then commencing on the Rent Commencement Date, Tenant shall pay to Landlord in advance, without demand, abatement, deduction or set-off, monthly installments of Base Rent on or before the first day of each calendar month during succeeding the Term hereof, in lawful money of the United States of America, at the office of Landlord for payment of Rent set forth above, or to such other person or at such other place as Landlord may from time to time designate in writingCommencement Date. Payments of Base Rent for any fractional calendar month shall be prorated. If the Rent Commencement Date is other than the first day of a calendar month, the difference between the first full calendar month’s Base Rent paid upon delivery of an executed copy of this Lease All payments required to be made by Tenant to Landlord as required above, and the prorated Base Rent for the fractional month in which the Rent Commencement Date occurs, hereunder shall be applied payable at such address as Landlord may specify from time to time by Landlord to such first full calendar month after the Rent Commencement Datewritten notice delivered in accordance herewith. The obligation of Tenant to pay Base Rent and other sums to Landlord and the obligations of Landlord under this Lease are independent obligations. Tenant shall have no right at any time to abat▇, ▇▇▇▇▇, reduceduce, or set-off any Rent (as defined in Section 5) rent due hereunder except for any abatement as may be expressly provided in this Lease. Tenant waives and releases all statutory liens and offset rights as to rent. If Tenant is delinquent in any monthly installment of Base Rent or of estimated Operating Expenses for more than 5 days, Tenant shall pay to Landlord on demand a late charge equal to 5 percent of such delinquent sum. The provision for such late charge shall be in addition to all of Landlord's other rights and remedies hereunder or at law and shall not be construed as a penalty.

Appears in 1 contract

Sources: Lease Agreement (Sunrise Technologies International Inc)

Base Rent. The Security Deposit shall be due and payable on delivery of an executed copy of this Lease Tenant agrees to Landlord. The first full calendar month’s Base Rent shall be due and payable on October 1, 2017, and then commencing on the Rent Commencement Date, Tenant shall pay to Landlord the Base Rent set forth in advancethe Basic Lease Information, without prior notice or demand, abatement, deduction or set-off, monthly installments of Base Rent on or before the first day of each and every calendar month during the Term hereofTerm, except that Base Rent for the first full calendar month in lawful money which Base Rent is payable shall be paid upon Tenant’s execution of the United States of America, at the office of Landlord for payment of Rent set forth above, or to such other person or at such other place as Landlord may from time to time designate in writing. Payments of this Lease and Base Rent for any fractional calendar partial month at the beginning of the Term shall be proratedpaid on the Commencement Date. Base Rent for any partial month at the beginning or end of the Term shall be prorated based on the actual number of days in the month. Tenant’s obligations to pay Base Rent and Additional Rent (as defined below) for the Existing Premises shall commence on the Existing Premises Commencement Date. Tenant’s obligations to pay Base Rent and Additional Rent for the Expansion Premises shall commence on the Expansion Premises Commencement Date. If the Basic Lease Information provides for any change in Base Rent by reference to years or months (without specifying particular dates), the change will take effect on the applicable annual or monthly anniversary of the Commencement Date is other than (which might not be the first day of a calendar month, the difference between the first full calendar month’s Base Rent paid upon delivery of an executed copy of this ). This Lease by Tenant is intended to Landlord as required abovebe a “net” lease, and the prorated Base Rent for the fractional month in which the Rent Commencement Date occurs, shall be applied by paid to Landlord absolutely net of all costs and expenses, except to such first full calendar month after the Rent Commencement Dateextent expressly provided to the contrary in this Lease. The obligation provisions for payment of Operating Costs and Taxes are intended to pass on to Tenant and to pay Base Rent reimburse Landlord for all costs and other sums to Landlord expenses incurred in connection with the ownership and operation of the Project and the obligations of Landlord under this Lease are independent obligations. Tenant shall have no right at any time Common Areas, except to ▇▇▇▇▇, reduce, or set-off any Rent (as defined in Section 5) due hereunder except for any abatement as may be the extent expressly provided to the contrary in this Lease.

Appears in 1 contract

Sources: Lease Agreement (ArcSight Inc)

Base Rent. The Security Deposit Tenant shall be due and payable on delivery of an executed copy of this Lease to Landlordpay Base Rent in the amount set forth above, in equal monthly installments. The first full calendar month’s 's Base Rent shall be due and payable on October 1, 2017, and then commencing on the Rent Commencement DateDate (as defined in the Addenda pertaining to construction), and Tenant shall promises to pay to Landlord in advance, without demand, abatement, deduction or set-off, monthly installments of Base Rent on or before the first day of each calendar month during succeeding the Term hereof, in lawful money of the United States of America, at the office of Landlord for payment of Rent set forth above, or to such other person or at such other place as Landlord may from time to time designate in writingCommencement Date. Payments of Base Rent for any fractional calendar month shall be prorated. If the Rent Commencement Date is other than the first day of a calendar month, the difference between the first full calendar month’s Base Rent paid upon delivery of an executed copy of this Lease All payments required to be made by Tenant to Landlord as required above, and the prorated Base Rent for the fractional month in which the Rent Commencement Date occurs, hereunder shall be applied payable at such address as Landlord may specify from time to time by Landlord to such first full calendar month after the Rent Commencement Datewritten notice delivered in accordance herewith. The obligation of Tenant to pay Base Rent and other sums to Landlord and the obligations of Landlord under this Lease are independent obligations. Tenant shall have no right at any time to ▇▇▇▇▇abate, reduce, or set-off any Rent (as defined in Section 5) a▇▇ ▇▇nt due hereunder except for any abatement as may be where expressly provided in this Lease. Tenant waives and releases all statutory liens and offset rights as to rent. If Tenant is delinquent in any monthly installment of Base Rent, Tenant shall pay to Landlord on demand a late charge equal to 5 percent of such delinquent sum; provided that with respect to each of the first two such delinquencies in any 12 month period, such late charge shall be payable only if such delinquency continues for a period of 10 days. The provision for such late charge shall be in addition to all of Landlord's other rights and remedies hereunder or at law and shall not be construed as a penalty.

Appears in 1 contract

Sources: Build to Suit Lease Agreement (Radisys Corp)

Base Rent. Tenant shall pay Base Rent in the amount set forth on Page 1 of this Lease. The first month’s Base Rent and the Security Deposit shall be due and payable on delivery of an executed copy of this Lease to Landlord. The first full calendar month’s Base Rent shall be due and payable on October 1, 2017the date hereof, and then commencing on the Rent Commencement Date, Tenant shall promises to pay to Landlord in advance, without demand, abatement, deduction or set-off, on: monthly installments of Base Rent on or before the first day of each calendar month during succeeding the Term hereof, in lawful money of the United States of America, at the office of Landlord for payment of Rent set forth above, or to such other person or at such other place as Landlord may from time to time designate in writingCommencement Date. Payments of Base Rent for any fractional calendar month shall be prorated. If the Rent Commencement Date is other than the first day of a calendar month, the difference between the first full calendar month’s Base Rent paid upon delivery of an executed copy of this Lease All payments required to be made by Tenant to Landlord hereunder (or to such other party as required above, and the prorated Base Rent for the fractional month Landlord may from time to time specify in which the Rent Commencement Date occurs, writing) shall be applied made by check or by Electronic Fund Transfer (“EFT’) of immediately available federal funds before 11 :00 a.m., Eastern Time at such place, within the continental United States, as Landlord may from time to such first full calendar month after the Rent Commencement Datetime designate to Tenant in writing. The obligation of Tenant to pay Base Rent and other sums to Landlord and the obligations of Landlord under this Lease are independent obligations. Tenant shall have no right at any time to ▇▇▇▇▇, reduce, or set-off any Rent (as defined in Section 5) rent due hereunder except for any abatement as may be expressly provided in this Lease. If Tenant is delinquent in any monthly installment of Base Rent or of Operating Expenses beyond 5 days after the due date thereof, and after notice as provided below, Tenant shall pay to landlord on demand a late charge equal to 4 percent of such delinquent sum. Tenant shall not be obligated to pay the late charge until Landlord has given Tenant 5 days written notice of the delinquent payment (which may be given at any time during the delinquency); provided, however, that such notice shall not be required more than twice in any 12-month period. The provision for such late charge shall be in addition to all of Landlord’s other rights and remedies hereunder or at law and shall not be construed as a penalty.

Appears in 1 contract

Sources: Lease Agreement (ArcLight Clean Transition Corp.)

Base Rent. The Security Deposit shall be due and payable on delivery of an executed copy of this Lease to Landlord. The first full calendar month’s Landlord and Base Rent for the month in which the Rent Commencement Date occurs shall be due and payable on October 1, 2017, and then commencing on or before the Rent Commencement Date, . Tenant shall pay to Landlord in advance, without demand, abatement, deduction or set-off, monthly installments of Base Rent on or before the first day of each calendar month during the Term hereofhereof after the Rent Commencement Date, in lawful money of the United States of America, at the office of Landlord for payment of Rent set forth above, or to such other person or at such other place as Landlord may from time to time designate in writing. Payments of Base Rent for any fractional calendar month shall be prorated. If the Rent Commencement Date is other than the first day of a calendar month, the difference between the first full calendar month’s Base Rent paid upon delivery of an executed copy of this Lease by Tenant to Landlord as required above, and the prorated Base Rent for the fractional month in which the Rent Commencement Date occurs, shall be applied by Landlord to such first full calendar month after the Rent Commencement Date. The obligation of Tenant to pay Base Rent and other sums to Landlord and the obligations of Landlord under this Lease are independent obligations. Tenant shall have no right at any time to ▇▇▇▇▇, reduce, or set-off any Rent (as defined in Section 5) due hereunder except for any abatement as may be expressly provided in this Lease. Net Multi-Tenant Laboratory 5871 Oberlin/Anadys — Page 3 Notwithstanding anything to the contrary contained herein, Tenant shall be required to pay Base Rent in the amount of $14,015.85 for the month of March 2011. Tenant shall commence paying full Base Rent for the Premises on April 1, 2011.

Appears in 1 contract

Sources: Lease Agreement (Anadys Pharmaceuticals Inc)

Base Rent. The Security Deposit shall be due and payable on delivery of an executed copy of this Lease to Landlord. The first full calendar month’s Base Rent shall be due and payable on October 1, 2017, and then commencing on the Rent Commencement Date, 4.1 Tenant shall pay to Landlord the Base Rent in advance, without demand, abatement, deduction or set-off, equal monthly installments of Base Rent in advance on or before the first day of each calendar month during a Lease Year. On the Term hereoffirst day of the second and each subsequent Lease Year, the Base Rent in lawful money effect shall be increased by an amount equal to the Base Rent Escalator multiplied by the Base Rent in effect immediately before the increase. If the day Tenant's rent obligation commences is not the first day of a month, then the Base Rent from such rent commencement date until the first day of the following month shall be prorated on a per diem basis at the rate of one-thirtieth (1/30) of the month installment of the Base Rent payable during the Lease Year in which the rent commencement date occurs. Concurrently with Tenant's execution of this Lease, Tenant shall pay an amount equal to one (1) monthly installment of the Base Rent in effect during the first Lease Year, which amount shall be credited toward the first monthly installment(s) of the Base Rent payable under this Lease after any rent abatement period has ended. 4.2 All Base Rent, additional rent and other sums payable by Tenant shall be paid to Landlord in legal tender of the United States of AmericaStates, at the office of Landlord for payment of Rent set forth aboveLandlord's Address, or to such other person party or at such other place address as Landlord may from time to time designate in writing. Payments Landlord's acceptance of Base Rent for any fractional calendar month shall be prorated. If the Rent Commencement Date is other than the first day of a calendar month, the difference between the first full calendar month’s Base Rent paid upon delivery of an executed copy of this Lease by Tenant to Landlord as required above, and the prorated Base Rent for the fractional month in which the Rent Commencement Date occurs, shall be applied by Landlord to such first full calendar month rent after the Rent Commencement Date. The obligation of Tenant to pay Base Rent and other sums to Landlord and the obligations of Landlord under this Lease are independent obligations. Tenant it shall have no right at any time to ▇▇▇▇▇, reduce, become due and payable shall not excuse a delay upon subsequent occasions or set-off any Rent (as defined in Section 5) due hereunder except for any abatement as may be expressly provided in this Leaseconstitute a waiver of rights.

Appears in 1 contract

Sources: Lease Agreement (Markland Technologies Inc)

Base Rent. The Security Deposit Base Rent for the month in which the Rent Commencement Date occurs shall be due and payable on delivery of an executed copy of this Lease to Landlord. The first full calendar month’s Base Rent shall be due and payable on October no later than May 1, 2017, and then commencing on the Rent Commencement Date, 2018. Tenant shall pay to Landlord in advance, without demand, abatement, deduction or set-off, equal monthly installments of Base Rent on or before the first day of each calendar month during the Term hereofhereof after the Rent Commencement Date, in lawful money of the United States of America, at the office of Landlord for payment of Rent set forth above, or to such other person or at such other place as Landlord may from time to time designate in writing. Payments of Base Rent for any fractional calendar month shall be prorated. If the Rent Commencement Date is other than the first day of a calendar month, the difference between the first full calendar month’s Base Rent paid upon delivery of an executed copy of this Lease by Tenant to Landlord as required above, and the prorated Base Rent for the fractional month in which the Rent Commencement Date occurs, shall be applied by Landlord to such first full calendar month after the Rent Commencement DateDate and Tenant shall pay the remainder of the first full calendar month’s rent to Landlord on or before the first day of such first full calendar month. The obligation of Tenant to pay Base Rent, Additional Rent and any other sums to Landlord and the obligations of Landlord under this Lease are independent obligations. Tenant shall have no right at any time to ▇▇▇▇▇, reduce, or set-off any Rent (as defined in Section 5) due hereunder except for any abatement as may be expressly provided in this Lease.

Appears in 1 contract

Sources: Lease Agreement (Relay Therapeutics, Inc.)

Base Rent. The Security Deposit first full calendar month’s Base Rent shall be due and payable on delivery of an executed copy of this Lease to Landlord. The first full calendar month’s Base Rent shall be due and payable on October 1, 2017, and then commencing on the Rent Commencement Date, Tenant shall pay to Landlord in advance, without demand, abatement, deduction or set-off, monthly installments of Base Rent on or before the first day of each calendar month during the Term hereofhereof after the Rent Commencement Date, in lawful money of the United States of America, at the office of Landlord for payment of Rent set forth above, or to such other person or at such other place as Landlord may from time to time designate in writing. Payments of Base Rent for any fractional calendar month shall be prorated. If the Rent Commencement Date is other than the first day of a calendar month, the difference between the first full calendar month’s Base Rent paid upon delivery of an executed copy of this Lease by Tenant to Landlord as required above, and the prorated Base Rent for the fractional month in which the Rent Commencement Date occurs, shall be applied by Landlord to such first full calendar month after the Rent Commencement DateDate and Tenant shall pay the remainder of the first full calendar month’s rent to Landlord on or before the first day of such first full calendar month. The obligation of Tenant to pay Base Rent, Additional Rent and any other sums to Landlord and the obligations of Landlord under this Lease are independent obligations. Tenant shall have no right at any time to a▇▇▇▇, reduce, or set-off any Rent (as defined in Section 5) due hereunder except for any abatement as may be expressly provided in this Lease.

Appears in 1 contract

Sources: Lease Agreement (Camp4 Therapeutics Corp)

Base Rent. The Tenant shall pay Base Rent in the amount set forth above. Base Rent for the fourth month after the Commencement Date and the Security Deposit shall be due and payable on delivery of an executed copy of this Lease to Landlord. The first full calendar month’s Base Rent shall be due and payable on October 1, 2017the date hereof, and then commencing on the Rent Commencement Date, Tenant shall promises to pay to Landlord in advance, without demand, abatement, deduction or set-off, subject to Addendum 1 hereto, monthly installments of Base Rent on or before the first day of each calendar month during succeeding the Term hereof, in lawful money of fourth month after the United States of America, at the office of Landlord for payment of Rent set forth above, or to such other person or at such other place as Landlord may from time to time designate in writingCommencement Date. Payments of Base Rent for any fractional calendar month shall be prorated. If the Rent Commencement Date is other than the first day of a calendar month, the difference between the first full calendar month’s Base Rent paid upon delivery of an executed copy of this Lease All payments required to be made by Tenant to Landlord hereunder (or to such other party as required above, and the prorated Base Rent for the fractional month Landlord may from time to time specify in which the Rent Commencement Date occurs, writing) shall be applied made, at Tenant’s election, by check or Electronic Fund Transfer (“EFT”) of immediately available federal funds at such place, within the continental United States, as Landlord may from time to such first full calendar month after the Rent Commencement Datetime designate to Tenant in writing. The obligation of Tenant to pay Base Rent and other sums to Landlord and the obligations of Landlord under this Lease are independent obligations. Tenant shall have no right at any time to ▇▇▇▇▇, reduce, or set-off any Rent (as defined in Section 5) rent due hereunder except for any abatement as may be expressly provided in this Lease. If Tenant is delinquent in any monthly installment of Base Rent or of estimated Excess Operating Expenses (as hereinafter defined) for more than 5 business days, Tenant shall pay to Landlord on demand a late charge equal to 8 percent of such delinquent sum. The provision for such late charge shall be in addition to all of Landlord’s other rights and remedies hereunder or at law and shall not be construed as a penalty.

Appears in 1 contract

Sources: Lease Agreement (Cmgi Inc)

Base Rent. The first full calendar month's Base Rent and the Security Deposit shall be due and payable on delivery of an executed copy of this Lease to Landlord. The first full calendar month’s Base Rent shall be due and payable on October 1, 2017, and then commencing on the Rent Commencement Date, Tenant shall pay to Landlord in advance, without demand, abatement, deduction or set-off, except as otherwise expressly provided in this Lease, monthly installments of Base Rent on or before the first day of each calendar month during the Term hereof, in lawful money of the United States of America, at the office of Landlord for payment of Rent set forth above, or to such other person or at such other place as Landlord may from time to time designate in writing. Payments of Base Rent for any fractional calendar month shall be prorated. If the Rent Commencement Date is other than the first day of a calendar month, the difference between the first full calendar month’s Base Rent paid upon delivery of an executed copy of this Lease by Tenant to Landlord as required above, and the prorated Base Rent for the fractional month in which the Rent Commencement Date occurs, shall be applied by Landlord to such first full calendar month after the Rent Commencement Date. The obligation of Tenant to pay Base Rent and other sums to Landlord and the obligations of Landlord under this Lease are independent obligations. Tenant shall have no right at any time to ▇▇▇▇▇, reduce, or set-set- off any Rent (as defined in Section 5) due hereunder except for any abatement as may be expressly provided in this Lease.

Appears in 1 contract

Sources: Lease Agreement (Cartesian Therapeutics, Inc.)

Base Rent. Tenant shall pay Base Rent in the amount set forth above. The first month's Base Rent, the Security Deposit Deposit, and the first monthly installment of estimated Operating Expenses (as hereafter defined) shall be due and payable on delivery of an executed copy of this Lease to Landlord. The first full calendar month’s Base Rent shall be due and payable on October 1, 2017the date hereof, and then commencing on the Rent Commencement Date, Tenant shall promises to pay to Landlord in advance, without demand, abatement, deduction or set-off, monthly installments of Base Rent on or before the first day of each calendar month during succeeding the Term hereof, in lawful money of the United States of America, at the office of Landlord for payment of Rent set forth above, or to such other person or at such other place as Landlord may from time to time designate in writingCommencement Date. Payments of Base Rent for any fractional calendar month shall be prorated. If the Rent Commencement Date is other than the first day of a calendar month, the difference between the first full calendar month’s Base Rent paid upon delivery of an executed copy of this Lease All payments required to be made by Tenant to Landlord as required above, and the prorated Base Rent for the fractional month in which the Rent Commencement Date occurs, hereunder shall be applied payable at such address as Landlord may specify from time to time by Landlord to such first full calendar month after the Rent Commencement Datewritten notice delivered in accordance herewith. The obligation of Tenant to pay Base Rent and other sums to Landlord and the obligations of Landlord under this Lease are independent obligations. Tenant shall have no right at any time to abat▇, ▇▇▇▇▇, reduceduce, or set-off any Rent (as defined in Section 5) rent due hereunder except for any abatement as may be expressly provided in this Lease. Tenant waives and releases all statutory liens and offset rights as to rent. If Tenant is delinquent in any monthly installment of Base Rent or of estimated Operating Expenses for more than 5 days, Tenant shall pay to Landlord on demand a late charge equal to 5 percent of such delinquent sum.

Appears in 1 contract

Sources: Lease Agreement (Microtel International Inc)

Base Rent. The Security Deposit Tenant shall pay Base Rent in the amount set forth on Addendum I attached hereto. One-half of the first month’s Base Rent and one-half of the first monthly installment of estimated Operating Expenses (as hereafter defined) shall be due and payable on delivery of an executed copy of this Lease to Landlord. The first full calendar month’s Base Rent the date Landlord acquires the Project and one-half shall be due and payable on October 1, 2017, and then commencing on the Rent Commencement Date, and Tenant shall promises to pay to Landlord in advance, without demand, abatement, deduction or set-off, monthly installments of Base Rent on or before the first day of each calendar month during succeeding the Term hereof, in lawful money of the United States of America, at the office of Landlord for payment of Rent set forth above, or to such other person or at such other place as Landlord may from time to time designate in writingCommencement Date. Payments of Base Rent for any fractional calendar month shall be prorated. If the Rent Commencement Date is other than the first day of a calendar month, the difference between the first full calendar month’s Base Rent paid upon delivery of an executed copy of this Lease All payments required to be made by Tenant to Landlord as required above, and the prorated Base Rent for the fractional month in which the Rent Commencement Date occurs, hereunder shall be applied payable at such address as Landlord may specify from time to time by Landlord to such first full calendar month after the Rent Commencement Datewritten notice delivered in accordance herewith. The obligation of Tenant to pay Base Rent and other sums to Landlord and the obligations of Landlord under this Lease are independent obligations. Tenant shall have no right at any time to ▇▇▇▇▇, reduce, or set-off any Rent (as defined in Section 5) rent due hereunder except for any abatement as may be expressly provided in this Lease. Tenant waives and releases all statutory liens and offset rights as to rent. If Tenant is delinquent in any monthly installment of Base Rent or of estimated Operating Expenses for more than 5 business days, Tenant shall pay to Landlord on demand a late charge equal to 5 percent of such delinquent sum. The provision for such late charge shall be in addition to all of Landlord’s other rights and remedies hereunder or at law and shall not be construed as a penalty.

Appears in 1 contract

Sources: Lease Agreement (Gtsi Corp)

Base Rent. The first month's Base Rent and the Security Deposit (less the balance of any Security Deposit previously deposited with Landlord pursuant to the Prior Lease) shall be due and payable on delivery of an executed copy of this Lease to Landlord. The first full calendar month’s Base Rent shall be due and payable on October 1, 2017, and then commencing on the Rent Commencement Date, Tenant shall pay to Landlord in advance, without demand, abatementabatement (except as specifically provided for in Section 18), deduction or set-off, monthly installments of Base Rent on or before the first day of each calendar month during the Term hereof, in lawful money of the United States of America, at the office of Landlord for payment of Rent set forth above, or to such other person or at such other place as Landlord may from time to time designate in writing. Payments of Base Rent for any fractional calendar month shall be prorated. If prorated and paid on the Rent Commencement Date is other than the first day basis of a calendar 30 day month, the difference between the first full calendar month’s Base Rent paid upon delivery of an executed copy of this Lease by Tenant to Landlord as required above, and the prorated Base Rent for the fractional month in which the Rent Commencement Date occurs, shall be applied by Landlord to such first full calendar month after the Rent Commencement Date. The obligation of Tenant to pay Base Rent and other sums to Landlord and the obligations of Landlord under this Lease are independent obligations. Tenant shall have no right at any time to ▇▇▇▇▇abate, reduce, or set-off any Rent (as defined in Section 5) due hereunder except for any abatement aba▇▇▇▇▇t as may be expressly provided in this Lease. Notwithstanding anything to the contrary contained herein, Base Rent with respect to the Suite B Premises shall not be payable until the Suite B Premises Rent Commencement Date.

Appears in 1 contract

Sources: Lease Agreement (SGX Pharmaceuticals, Inc.)

Base Rent. The first full calendar month’s Base Rent and the Security Deposit shall be due and payable on concurrently with Tenant’s delivery of an executed copy of this Lease to Landlord. The first full calendar month’s Base Rent shall be due and payable on October 1, 2017, and then commencing Commencing on the Rent Commencement Date, Tenant shall pay to Landlord in advance, without demand, abatement, deduction or set-off, monthly installments of Base Rent on or before the first day of each calendar month during the Term hereof, in lawful money of the United States of America, at the office of Landlord for payment of Rent set forth above, or to such other person or at such other place as Landlord may from time to time designate in writing, or via federally insured wire transfer (including ACH) pursuant to the wire instructions provided by Landlord. Payments of Base Rent for any fractional calendar month shall be prorated. If the Rent Commencement Date is occurs on a day other than the first day of a calendar month, the difference between the first full calendar month’s Base Rent paid upon delivery of an executed copy of this Lease by Tenant to Landlord as required above, and the prorated Base Rent for the fractional month in which the Rent Commencement Date occurs, occurs shall be applied by Landlord to such first full calendar month after the Rent Commencement Date, and Tenant shall pay the remainder of the first full calendar month’s rent to Landlord on or before the first day of such first full calendar month. The obligation of Tenant to pay Base Rent, Additional Rent and any other sums to Landlord and the obligations of Landlord under this Lease are independent obligations. Tenant shall have no right at any time to ▇▇▇▇▇, reduce, or set-off any Rent (as defined in Section 5) due hereunder except for any abatement as may be expressly provided in this Lease.

Appears in 1 contract

Sources: Lease Agreement (Invivo Therapeutics Holdings Corp.)

Base Rent. The Security Deposit shall be due and payable on delivery of an executed copy of this Lease to Landlord. The first full calendar month’s Base Rent shall be due and payable on October 1, 2017, and then commencing on the Rent Commencement Date, 4.1 Tenant shall pay to Landlord the Base Rent in advance, without demand, abatement, deduction or set-off, equal monthly installments of Base Rent in advance on or before the first day of each month during a Lease Year. On the first day of the second and each subsequent Lease Year, the Base Rent in effect shall be increased by the product of (a) the Base Rent Annual Escalation Percentage, multiplied by (b) the Base Rent in effect. Concurrently with Tenant's execution of this Lease, Tenant shall pay an amount equal to one (1) monthly installment of the Base Rent payable during the first Lease Year, which amount shall be credited toward the monthly installment of the Base Rent payable for the first full calendar month during the Term hereof, in lawful money of the United States of America, at the office of Landlord for payment of Rent set forth above, or to such other person or at such other place as Landlord may from time to time designate in writing. Payments of Base Rent for any fractional calendar month shall be proratedLease Term. If the Rent Lease Commencement Date is other than not the first day of a calendar month, then the difference between Base Rent from the Lease Commencement Date until the first full calendar month’s day of the following month shall be prorated on a per diem basis at the rate of one-thirtieth (1/30th) of the monthly installment of the Base Rent paid upon delivery of an executed copy of this payable during the first Lease Year, and Tenant shall pay such prorated installment on the Lease Commencement Date. 4.2 All sums payable by Tenant shall be paid to Landlord as required abovein legal tender of the United States, and at the prorated Base Rent for the fractional month in address to which the Rent Commencement Date occurs, shall notices to Landlord are to be applied by Landlord given or to such first full calendar month other party or such other address as Landlord may designate i-n writing. Landlord's acceptance of rent after the Rent Commencement Date. The obligation of Tenant to pay Base Rent and other sums to Landlord and the obligations of Landlord under this Lease are independent obligations. Tenant it shall have no right at any time to ▇▇▇▇▇, reduce, become due and payable shall not excuse a delay upon subsequent occasions or set-off any Rent (as defined in Section 5) due hereunder except for any abatement as may be expressly provided in this Leaseconstitute a waiver of rights.

Appears in 1 contract

Sources: Lease Agreement (Ipix Corp)

Base Rent. Tenant shall pay Base Rent in the amount set forth above. The first month's Base Rent, the Security Deposit Deposit, and the first monthly installment of estimated Operating Expenses (as hereafter defined) shall be due and payable on delivery of an executed copy of this Lease to Landlord. The first full calendar month’s Base Rent shall be due and payable on October 1, 2017the date hereof, and then commencing on the Rent Commencement Date, Tenant shall promises to pay to Landlord in advance, without demand, abatement, deduction or set-off, monthly installments of Base Rent on or before the first day of each calendar month during succeeding the Term hereof, in lawful money of the United States of America, at the office of Landlord for payment of Rent set forth above, or to such other person or at such other place as Landlord may from time to time designate in writingCommencement Date. Payments of Base Rent for any fractional calendar month shall be prorated. If the Rent Commencement Date is other than the first day of a calendar month, the difference between the first full calendar month’s Base Rent paid upon delivery of an executed copy of this Lease All payments required to be made by Tenant to Landlord hereunder (or to such other party as required above, and the prorated Base Rent for the fractional month Landlord may from time to time specify in which the Rent Commencement Date occurs, writing) shall be applied made by check or Electronic Fund Transfer ("EFT") of immediately available federal funds before 11:00 a.m., Eastern Time, at such place, within the continental United States, as Landlord may from time to such first full calendar month after the Rent Commencement Datetime designate to Tenant in writing. The obligation of Tenant to pay Base Rent and other sums to Landlord and the obligations of Landlord under this Lease are independent obligations. Tenant shall have no right at any time to ▇▇▇▇▇, reduce, or set-off any Rent (as defined in Section 5) rent due hereunder except for any abatement as may be expressly provided in this Lease. If Tenant is delinquent in any monthly installment of Base Rent or of estimated Operating Expenses for more than 5 business days, Tenant shall pay to Landlord on demand a late charge equal to 8 five (5) percent of such delinquent sum. The provision for such late charge shall be in addition to all of Landlord's other rights and remedies hereunder or at law and shall not be construed as a penalty, provided however, Tenant shall be allowed one (1) grace period per year.

Appears in 1 contract

Sources: Lease Agreement (Adams Golf Inc)

Base Rent. Tenant shall pay Base Rent in the amount set forth above. The Security Deposit first month’s Base Rent and the first monthly installment of estimated Operating Expenses (as hereafter defined) shall be due and payable on delivery the date hereof. Landlord shall credit the security deposit currently held by Landlord under the Lease dated July 20, 2000 between Synetics Solutions, Inc. and Catellus Development Corporation (the “Prior Lease”) against the Security Deposit in accordance with the provisions of an executed copy of this Lease Paragraph 5 below. Tenant promises to Landlord. The first full calendar month’s Base Rent shall be due and payable on October 1, 2017, and then commencing on the Rent Commencement Date, Tenant shall pay to Landlord in advance, without demand, abatement, deduction or set-off, monthly installments of Base Rent on or before the first day of each calendar month during succeeding the Term hereof, in lawful money of the United States of America, at the office of Landlord for payment of Rent set forth above, or to such other person or at such other place as Landlord may from time to time designate in writingCommencement Date. Payments of Base Rent for any fractional calendar month shall be prorated. If the Rent Commencement Date is other than the first day of a calendar month, the difference between the first full calendar month’s Base Rent paid upon delivery of an executed copy of this Lease All payments required to be made by Tenant to Landlord hereunder (or to such other party as required above, and the prorated Base Rent for the fractional month Landlord may from time to time specify in which the Rent Commencement Date occurs, writing) shall be applied made by Electronic Fund Transfer (“EFT”) of immediately available federal funds before 11:00 a.m., Eastern Time, at such place, within the continental United States, as Landlord may from time to such first full calendar month after the Rent Commencement Datetime designate to Tenant in writing. The obligation of Tenant to pay Base Rent and other sums to Landlord and the obligations of Landlord under this Lease are independent obligations. Tenant shall have no right at any time to ▇▇▇▇▇, reduce, or set-off any Rent (as defined in Section 5) rent due hereunder except for any abatement as may be expressly provided in this Lease. If Tenant is delinquent in any monthly installment of Base Rent or of estimated Operating Expenses for more than 5 days, Tenant shall pay to Landlord on demand a late charge equal to 5 percent of such delinquent sum. The provision for such late charge shall be in addition to all of Landlord’s other rights and remedies hereunder or at law and shall not be construed as a penalty.

Appears in 1 contract

Sources: Lease Agreement (Brooks Automation Inc)

Base Rent. Tenant shall pay Base Rent in the amount set forth above. The first month’s Base Rent, the Security Deposit Deposit, and the first monthly installment of estimated Operating Expenses (as hereafter defined) shall be due and payable on delivery of an executed copy of this Lease to Landlord. The first full calendar month’s Base Rent shall be due and payable on October 1, 2017the date hereof, and then commencing on the Rent Commencement Date, Tenant shall promises to pay to Landlord in advance, without demand, abatement, deduction or set-offoff (except as otherwise provided herein), monthly installments of Base Rent on or before the first day of each calendar month during succeeding the Term hereof, in lawful money of the United States of America, at the office of Landlord for payment of Rent set forth above, or to such other person or at such other place as Landlord may from time to time designate in writingCommencement Date. Payments of Base Rent for any fractional calendar month shall be prorated. If the Rent Commencement Date is other than the first day of a calendar month, the difference between the first full calendar month’s Base Rent paid upon delivery of an executed copy of this Lease All payments required to be made by Tenant to Landlord as required above, and the prorated Base Rent for the fractional month in which the Rent Commencement Date occurs, hereunder shall be applied payable at such address as Landlord may specify from time to time by Landlord to such first full calendar month after the Rent Commencement Datewritten notice delivered in accordance herewith. The obligation of Tenant to pay Base Rent and other sums to Landlord and the obligations of Landlord under this Lease are independent obligations. Tenant shall have no right at any time to ▇▇▇▇▇, reduce, or set-off any Rent (as defined in Section 5) rent due hereunder except for any abatement as may be expressly provided in this Lease. If Tenant is delinquent in any monthly installment of Base Rent or of estimated Operating Expenses for more than 5 business days, Tenant shall pay to Landlord on demand a late charge equal to 5 percent of such delinquent sum. The provision for such late charge shall be in addition to all of Landlord’s other rights and remedies hereunder or at law and shall not be construed as a penalty.

Appears in 1 contract

Sources: Lease Agreement (Eye Care Centers of America Inc)

Base Rent. Tenant shall pay Base Rent in the amount set forth above. The first month's Base Rent, the Security Deposit Deposit, and the first monthly installment of estimated Operating Expenses (as hereafter defined) shall be due and payable on delivery of an executed copy of this Lease to Landlord. The first full calendar month’s Base Rent shall be due and payable on October 1, 2017the date hereof, and then commencing on the Rent Commencement Date, Tenant shall promises to pay to Landlord in advance, without demand, abatement, deduction or set-off, monthly installments of Base Rent on or before the first day of each calendar month during succeeding the Term hereof, in lawful money of the United States of America, at the office of Landlord for payment of Rent set forth above, or to such other person or at such other place as Landlord may from time to time designate in writingCommencement Date. Payments of Base Rent for any fractional calendar month shall be prorated. If the Rent Commencement Date is other than the first day of a calendar month, the difference between the first full calendar month’s Base Rent paid upon delivery of an executed copy of this Lease All payments required to be made by Tenant to Landlord as required above, and the prorated Base Rent for the fractional month in which the Rent Commencement Date occurs, hereunder shall be applied payable at such address as Landlord may specify from time to time by Landlord to such first full calendar month after the Rent Commencement Datewritten notice delivered in accordance herewith. The obligation of Tenant to pay Base Rent and other sums to Landlord and the obligations of Landlord under this Lease are independent obligations. Tenant shall have no right at any time to abat▇, ▇▇▇▇▇, reduceduce, or set-off any Rent (as defined in Section 5) rent due hereunder except for any abatement as may be expressly provided in this Lease. Tenant waives and releases all statutory liens and offset rights as to rent. If Tenant is delinquent in any monthly installment of Base Rent or of estimated Operating Expenses for more than 5 days, Tenant shall pay to Landlord on demand a late charge equal to 5 percent of such delinquent sum. The provision for such late charge shall be in addition to all of Landlord's other rights and remedies hereunder or at law and shall not be construed as a penalty.

Appears in 1 contract

Sources: Sublease (Jni Corp)

Base Rent. The Security Deposit Base Rent for the month in which the Rent Commencement Date occurs shall be due and payable on delivery of an executed copy of this Lease to Landlord. The first full calendar month’s Base Rent shall be due and payable on October 1, 2017, and then commencing on the Rent Commencement Date, Tenant shall pay to Landlord in advance, without demand, abatement, deduction or set-off, equal monthly installments of Base Rent on or before the first day of each calendar month during the Term hereofhereof after the Rent Commencement Date, in lawful money of the United States of America, at the office of Landlord for payment of Rent set forth above, or to such other person or at such other place as Landlord may from time to time designate in writing. Payments of Base Rent for any fractional calendar month shall be prorated. If the Rent Commencement Date is other than the first day of a calendar month, the difference between the first full calendar month’s Base Rent paid upon delivery of an executed copy of this Lease by Tenant to Landlord as required above, and the prorated Base Rent for the fractional month in which the Rent Commencement Date occurs, shall be applied by Landlord to such the first full calendar month after the Rent Commencement Date. The obligation of Tenant to pay Base Rent and other sums to Landlord and the obligations of Landlord under this Lease are independent obligations. Tenant shall have no right at any time to ▇▇▇▇▇, reduce, or set-off any Rent (as defined in Section 5) due hereunder except for any abatement as may be expressly provided in this Lease.

Appears in 1 contract

Sources: Lease Agreement (Elan Corp PLC)

Base Rent. The first month’s Base Rent and the Security Deposit shall be due and payable on delivery of an executed copy of this Lease to Landlord. The first full calendar month’s Base Rent shall be due From and payable on October 1, 2017, and then commencing on after the Rent Commencement DateDate until the expiration or earlier termination of the Term, Tenant shall pay to Landlord in advance, without demand, abatement, deduction or set-off, equal monthly installments of Base Rent on or before the first day of each calendar month during the Term hereof, in lawful money of the United States of America, at the office of Landlord for payment of Rent set forth above, or to such other person or at such other place as Landlord may from time to time designate in writing. Payments of Base Rent for any fractional calendar month shall be prorated. If the Rent Commencement Date is other than the first day of a calendar month, the difference between the first full calendar month’s Base Rent paid upon delivery of an executed copy of this the is Lease by Tenant to Landlord as required above, and the prorated Base Rent for the fractional month in which the Rent Commencement Date occurs, shall be applied by Landlord to such the first full calendar month after the Rent Commencement Date. The obligation of Tenant to pay Base Rent and other sums to Landlord and the obligations of Landlord under this Lease are independent obligations. Tenant shall have no right at any time to ▇▇▇▇▇, reduce, or set-off any Rent (as defined in Section 5) due hereunder except for any abatement as may be expressly provided in this Lease.

Appears in 1 contract

Sources: Lease Agreement (Epizyme, Inc.)