Basic Rent During Each Renewal Term Sample Clauses

Basic Rent During Each Renewal Term. During each Renewal Term, annual ----------------------------------- Basic Rent for the Renewal Term shall be Fair Market Rental Value as of the first day of such Renewal Term, as determined in accordance with Paragraph 29 of the Lease. Basic Rent during each Renewal Term shall be payable monthly in arrears in installments equal to 1/12 of the annual Basic Rent for such Renewal Term. If the Fair Market Rental Value of the Leased Premises has not been determined as of the first day of any Renewal Term, Tenant shall pay as monthly installments of Basic Rent an amount equal to the Basic Rent in effect immediately prior to such Renewal Date, and shall receive a credit or make an additional payment, as applicable, on the first Basic Rent Payment Date following the determination of Fair Market Rental Value. EXHIBIT E --------- FINANCIAL COVENANTS
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Basic Rent During Each Renewal Term. During each Renewal Term, annual Basic Rent for the Renewal Term shall be an amount equal to the Fair Market Rental Value as of the first day of the applicable Renewal Term, determined in accordance with Paragraph 29 of this Lease payable, shall be subject to increases as provided in the foregoing Paragraphs 2, 3 and 4 and shall be payable in equal quarterly installments on each Basic Rent Payment Date. EXHIBIT E ACQUISITION COST Auburn, IN $ 4,502,104 Bluffton, OH $ 4,825,064 Milan, TN $13,569,936 ----------- $22,897,104 =========== EXHIBIT E - 1 EXHIBIT F PREMISES PERCENTAGE ALLOCATION OF BASIC RENT AND ADDITIONAL BASIC RENT Auburn, IN 19.95% Bluffton, OH 17.71% Milan, TN 62.34% 100.00% If any Related Premises ceases to be subject to this Lease, the percentage shown on this Exhibit F for each of the Related Premises which remains subject to this Lease shall be adjusted proportionately so that the total of such percentages shall be 100%. EXHIBIT F - 1 EXHIBIT G-1 TENANT'S POST-CLOSING ENVIRONMENTAL OBLIGATIONS Tenant shall perform the following actions and provide Landlord with a written status report, on or before the 10th day of each month, with the first report due on or before May 10, 2002 until the activities listed below are completed to the reasonable satisfaction of Landlord and Lender. Tenant shall reimburse Landlord for all of Landlord's reasonable costs, including reasonable attorney fees, and reasonable inspection fees (if any) of Lender not to exceed $500 per inspection incurred by Landlord in reviewing Tenant's progress in completing the activities listed below.
Sample 1See All (4)
Basic Rent During Each Renewal Term. During each Renewal Term, annual Basic Rent for the Renewal Term shall be an amount equal to the Fair Market Rental Value as of the first day of the applicable Renewal Term, determined in accordance with Paragraph 29 of this Lease payable, shall be subject to increases as provided in the foregoing Paragraphs 2, 3 and 4 and shall be payable in equal quarterly installments on each Basic Rent Payment Date. EXHIBIT E ACQUISITION COST EXHIBIT F PREMISES PERCENTAGE ALLOCATION OF BASIC RENT AND ADDITIONAL BASIC RENT EXHIBIT G-1 POST-CLOSING REMEDIATION EXHIBIT G-2
Sample 1
Basic Rent During Each Renewal Term. Subject to the adjustments provided for in Paragraphs 2, 3 and 4 below, Basic Rent for each Renewal Term, shall be payable quarterly in advance in an amount equal to the greater of (A) one hundred percent (100%) of the Fair Market Rental Value (as determined in accordance with Paragraph 29 of this Lease) as of the first day of the applicable Renewal Term and (B) (i) for the first Renewal Term, the sum of Basic Rent in effect as of the last calendar quarter immediately prior to the Expiration Date, any increase as a result of any adjustment to Basic Rent on the fifteenth (15th) anniversary of the First Full Basic Rent Payment Date as provided below and (ii) for the Second Renewal Term, if applicable, the Basic Rent in effect as of the last calendar quarter immediately prior to the expiration of the first Renewal Term.
Sample 1
Basic Rent During Each Renewal Term. During each Renewal Term, annual Basic Rent for the Renewal Term shall be an amount equal to the Fair Market Rental Value as of the first day of the applicable Renewal Term, determined in accordance with Paragraph 29 of this Lease payable, shall be subject to increases as provided in the foregoing Paragraphs 2, 3 and 4 and shall be payable in equal quarterly installments on each Basic Rent Payment Date. EXHIBIT E ACQUISITION COST Auburn, IN $ 4,502,104 Bluffton, OH $ 4,825,064 Milan, TN $ 13,569,936 $ 22,897,104 EXHIBIT F PREMISES PERCENTAGE ALLOCATION OF BASIC RENT AND ADDITIONAL BASIC RENT Auburn, IN 19.95 % Bluffton, OH 17.71 % Milan, TN 62.34 % 100.00 % If any Related Premises ceases to be subject to this Lease, the percentage shown on this Exhibit F for each of the Related Premises which remains subject to this Lease shall be adjusted proportionately so that the total of such percentages shall be 100%. EXHIBIT G-1 TENANT’S POST-CLOSING ENVIRONMENTAL OBLIGATIONS EXHIBIT G-2 POST-CLOSING REPAIRS
Sample 1
Basic Rent During Each Renewal Term. During the Renewal Term annual Basic Rent for the Renewal Term shall be an amount equal to the Fair Market Rental Value as of the first day of the Renewal Term, determined in accordance with Paragraph 29 of this Lease, shall be subject to increases as provided in the foregoing Paragraphs 2, 3 and 4 and shall be payable in equal quarterly installments on each Basic Rent Payment Date. EXHIBIT E ACQUISITION COST Auburn, IN $4,502,104 Bluffton, OH $4,825,064 Clinton, MI $28,900,000 TOTAL: $38,227,168 SCHEDULE 4
Sample 1
Basic Rent During Each Renewal Term. During each Renewal Term, Basic Rent for the entire Renewal Term shall be an amount equal to the Fair Market Rental Value as of the first day of the applicable Renewal Term, as determined in accordance with Paragraph 29 of the Lease. ACQUISITION COST Lot 1 $6,003,358 Lot 2 $1,780,126 Lot 3 $2,934,679 Lot 4 $1,846,837 PERCENTAGE ALLOCATION OF BASIC RENT Lot 1 47.8% Lot 2 14.2% Lot 3 23.3% Lot 4 14.7% ----- 100.0% If any of the Related Premises ceases to be subject to this Lease, the percentage shown on this Exhibit F for each of the Related Premises which remains subject to this Lease shall be adjusted proportionately so that the total of such percentages shall be 100%.
Sample 1
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Related to Basic Rent During Each Renewal Term

  • Minimum Monthly Rent 3.1.1 Tenant agrees to pay to Landlord a Minimum Monthly Rent, initially in the amount set forth in the Basic Provisions, during each month of the Term of this Lease. Minimum Monthly Rent for a period constituting less than a full month shall be prorated on the basis of a thirty (30)-day month.

  • Minimum Rent The defined term “Minimum Rent” set forth in Section 1.66 of the Lease is deleted in its entirety and replaced with the following:

  • Renewal Term If not sooner terminated, this Agreement shall renew at the end of the Initial Term and shall thereafter continue for successive annual periods, provided such continuance is specifically approved at least annually (i) by the Fund’s Board of Trustees or (ii) by a vote of a majority of the outstanding voting securities of the relevant portfolio of the Fund, provided that in either event the continuance is also approved by the majority of the Trustees of the Fund who are not interested persons (as defined in the 0000 Xxx) of any party to this Agreement by vote cast in person at a meeting called for the purpose of voting on such approval. If a plan under Rule 12b-1 of the 1940 Act is in effect, continuance of the plan and this Agreement must be approved at least annually by a majority of the Trustees of the Fund who are not interested persons (as defined in the 0000 Xxx) and have no financial interest in the operation of such plan or in any agreements related to such plan, cast in person at a meeting called for the purpose of voting on such approval.

  • Extension Term (a) Tenant shall have the right to extend the Term for all of the Premises for one extension term of 5 years (the "Extension Term") which shall commence on the day following the expiration of the initial Term and end on the fifth anniversary of the Expiration Date, unless the Extension Term shall sooner terminate pursuant to any of the terms of this Lease or otherwise. The Extension Term shall commence only if (i) Tenant shall have notified Landlord in writing of Tenant's exercise of such extension right not later than nine (9) months prior to the Expiration Date, (ii) at the time of the exercise of such right and immediately prior to the Expiration Date, no event of Default shall have occurred and be continuing hereunder, and (iii) Tenant and/or Related Entities shall be in occupancy of at least 80 percent of the Premises at the time such notice is given. Time is of the essence with respect to the giving of the notice of Tenant's exercise of the extension option. The Extension Term shall be upon all of the agreements, terms, covenants and conditions hereof binding upon Tenant, except that (x) the Fixed Rent (as defined in Article 1) shall be determined as provided in Section 2.2(b), (y) Tenant shall have no further right to renew the Term and (z) Landlord shall have no obligation to provide any work or contribution to improve the Premises for Tenant's use. Upon the commencement of the Extension Term, (A) the Extension Term shall be added to and become part of the Term (but shall not be

  • Base Rental (a) Lessee hereby agrees to pay to Lessor, without setoff or deduction whatsoever, a monthly installment of $3,284.00. Lessee shall also pay, as additional rent, all such other sums of money as shall become due from and payable by Lessee to Lessor under this Lease (Base Rental, any adjustment thereto pursuant to Section 4 hereof, and all such other sums of money due from and payable by Lessee pursuant to this Lease are sometimes hereinafter collectively called "rent"), for the nonpayment of which Lessor shall be entitled to exercise all such rights and remedies as are herein provided in the case of the nonpayment of Base Rental. The Base Rental, together with any adjustment or increase thereto then in effect, shall be due and payable in advance in twelve (12) equal installments on the first (lst) day of each calendar month during the term of this Lease, and Lessee hereby agrees so to pay such Base Rental and any adjustment or increase thereto to Lessor at Lessor's address provided herein (or such other address as may be designated by Lessor in writing from time to time) monthly, in advance, and without demand. If the term of this Lease commences on a day other than the first (lst) day of a month or terminates on a day other than the last day of a month, then the installments of Base Rental and any adjustments thereto for such month or months shall be prorated, and the installment or installments so prorated shall be paid in advance.

  • Lease Year Lease Year" means each consecutive twelve-month period beginning with the Commencement Date, except that if the Commencement Date is not the first day of a calendar month, then the first Lease Year shall be the period from the Commencement Date through the final day of the twelve months after the first day of the following month, and each subsequent Lease Year shall be the twelve months following the prior Lease Year.

  • Monthly Rent The rent amount for the initial period shall be: _ Dollars ($_ ) paid on the _ (#) day of every month and: (check one) ☐ - Shall remain the same during the Initial Term. ☐ - Shall increase during the Initial Term as follows: 1st Period: • From _ _ (mm/dd/yyyy), to _ (mm/dd/yyyy). • Monthly Rent: _ _ Dollars ($ ) 2nd Period: • From _ _ (mm/dd/yyyy), to _ (mm/dd/yyyy). • Monthly Rent: _ _ Dollars ($ )

  • Renewal Fee Borrower agrees to pay a fee equal to one-quarter of one percent (0.25%) of the Bank’s committed amount for the Line of Credit upon any renewal of the Line of Credit.

  • Base Term Commencing on the Expansion Premises Commencement Date, the defined term “Base Term” on page 1 of the Lease is deleted in its entirety and replaced with the following:

  • Base Rent 3.1 Beginning on the Rent Commencement Date, Tenant shall pay, without prior notice or demand, to Landlord or Landlord’s agent at the management office of the Project, or, at Landlord’s option, at such other place as Landlord may from time to time designate in advance and in writing, (i) by a check for currency which, at the time of payment, is legal tender for private or public debts in the United States of America, or (ii) if so elected by Tenant, by electronic funds transfer to the account of Landlord as provided to Tenant, base rent (“Base Rent”) as set forth in Section 4 of the Summary, payable in equal monthly installments as set forth in Section 4 of the Summary in advance on or before the first day of each and every calendar month during the Lease Term, without any setoff or deduction whatsoever. The Base Rent for the first full month of the Lease Term shall be paid at the time of Tenant’s execution of this Lease. If any Rent payment date (including the Rent Commencement Date) falls on a day of the month other than the first day of such month or if any payment of Rent is for a period which is shorter than one month, the Rent for any fractional month shall accrue on a daily basis for the period from the date such payment is due to the end of such calendar month or to the end of the Lease Term at a rate per day which is equal to 1/365 of the applicable annual Rent. All other payments or adjustments required to be made under the terms of this Lease that require proration on a time basis shall be prorated on the same basis. Base Rent and Additional Rent, as defined below, shall together be denominated “Rent.” Without limiting the foregoing, Tenant’s obligation to pay Rent shall not be discharged or otherwise affected by any law or regulation now or hereafter applicable to the Premises, or any other restriction on Tenant’s use, or (except as expressly provided herein) any casualty or taking, or any failure by Landlord to perform any covenant contained herein, or any other occurrence.

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