Commencing on the Commencement Date. Tenant shall, and ---- hereby covenants and agrees to, pay to Landlord during each Lease Year of the Term an annual base rental. ("Base Rent") as set forth on Exhibit "C" attached ----------- hereto and made a party hereof. The term "Lease Year" is hereby defined as each successive twelve consecutive month period beginning on the Commencement Date. The annual Bases Rent shall be paid by Tenant in lawful money of the United States in equal consecutive monthly installments on or before the first day of each calendar month in advance. Base Rent for any partial month shall be prorated at the rate of 1/30th of the monthly Base Rent per day. Tenant shall pay to Landlord as additional rent ("Additional Rent") hereunder all charges and other amounts required to be paid by Tenant to Landlord under this Lease, whether or not designated herein as rent or additional rent. The term "Rent" is hereby defined as Base Rent and Additional Rent. All Rent shall be paid by Tenant to Landlord, without any deduction, setoff or counterclaim whatsoever, at Landlord's address set forth at Section 28(b) hereof.
Commencing on the Commencement Date. Tenant shall pay to Landlord rent at an annual rate equal to the Annual Base Rent, without any offset or reduction, which rent shall be paid in equal installments of 1/12th of the Annual Base Rent, in advance on the first day of each calendar month included in the Term, but for any portion of a calendar month at the beginning or end of the Term, the monthly installment shall be prorated based on the number of days in such calendar month falling within the Term. Notwithstanding any contrary provision of this Lease, Tenant shall be required to pay with respect to the month of July 1995 and July 1996 installments of Annual Base Rent equal to one-half of the monthly installment otherwise payable (i.e., $20,317.92 for July 1995 and $24,204.38 for July 1996, instead of $40,635.83 and $48,408.75, respectively).
Commencing on the Commencement Date. Sublessee shall pay to Sublessor as full and complete rent for the Subleased Premises an amount equal to One and 30/100 Dollars ($1.30) per square foot of the Subleased Premises (i.e., 6,871 s.f.) per month, payable in advance, on the first (1st) day of each calendar month of the Term hereof (“Rent”); provided, however, that Rent shall fully and completely xxxxx from the Commencement Date through May 31, 2009 (the “Free Rent Period”). Notwithstanding the foregoing, Sublessee shall pay to Sublessor on the Commencement Date an amount equal to one month’s Rent, which Sublessor shall apply to the first payment of Rent that becomes due and payable by Sublessee after the expiration of the Free Rent Period. In the event any portion of the Term shall constitute less a full calendar month, Rent for such partial calendar month shall be prorated on a day-for-day basis such that Sublessee shall pay Rent only for the portion of each such partial calendar month as falls within the Term.
Commencing on the Commencement Date. Tenant shall, during the Term of this Lease, maintain in full force and effect policies of commercial general liability insurance (including premises, operation, bodily injury, personal injury, death, independent contractors, products and completed operations, broad form contractual liability and broad form property damage coverage), in a combined single limit amount of not less than Two Million Dollars ($2,000,000), per occurrence (exclusive of defense costs), against all claims, demands or actions with respect to damage, injury or death made by or on behalf of any person or entity, arising from or relating to the conduct and operation of Tenant's business in, on, or about the Premises (which shall Include Tenant's signs, if any), or arising from or related to any act or omission of Tenant or of Tenant's principals, officers, agents, contractors, servants, employees, licensees and invitees. Whenever, in Landlord's reasonable judgment, good business practice and changing conditions indicate a need for additional amounts or different types of insurance coverage, Tenant shall, within ten (10) days after Landlord's request, obtain such insurance coverage, at Tenant's sole cost and expense.
Commencing on the Commencement Date and continuing throughout the Term, Lessee hereby agrees to pay the Base Rental as described in paragraph 6, plus Forecast Additional Rental and Additional Rental as described in paragraph 7. The Base Rental and Forecast Additional Rental shall be due and payable in equal installments on the first day of each calendar month during the Term and any renewals extensions thereof, and Lessee hereby agrees to make such payments monthly in advance to Lessor at Lessor's address as provided herein (or such other address as may be designated by Lessor from time to time).
Commencing on the Commencement Date. Gatherer shall load and receive or cause to be loaded and received by truck(s) all of Shipper’s Crude Oil produced from the xxxxx listed on Exhibit C-1-C and Exhibit C-1-A and shall transport and deliver by truck such Shipper’s Crude Oil to the truck facilities at the Xxxxx Station or the Xxxxxx Station, as applicable, and Gatherer shall unload, receive and accept into its Facilities at the Xxxxx Station or Xxxxxx Station, as applicable, for Shipper’s account all of such Shipper’s Crude Oil pursuant to the terms and conditions herein; provided that Gatherer’s obligation to receive or cause to be received by truck(s) any of Shipper’s Crude Oil produced from a well listed on Exhibit C-1-A shall cease after such well is connected directly to a CRP for pipeline gathering and Gatherer has commenced receipts of Shipper’s Crude Oil from such well by pipeline gathering service pursuant to Section 4.1. Gatherer will redeliver such Shipper’s Crude Oil at the Delivery Point(s), net Shipper’s pro-rata share of the Facilities Loss Allowance. Gatherer shall bear all costs of the loading, trucking, and unloading services provided under this Section 4.2(b).
Commencing on the Commencement Date. Tenant shall pay to Landlord, as hereinafter provided, Tenant's Fraction of the Operating Expenses. Tenant's Fraction of the Operating Expenses shall be the Operating Expenses for the period in question, multiplied by Tenant's Fraction. Landlord shall estimate Tenant's annual Fraction of the Operating Expenses (which estimate may be reasonably changed by Landlord from time to time), and Tenant shall pay to Landlord 1/12th of the amount so estimated on the first day of each month in advance. If at any time Landlord changes its estimate of Tenant's Fraction of the Operating Expenses for the then current Calendar Year or partial Calendar Year, Landlord shall give notice to Tenant of such change and within ten (10) days after such notice Landlord and Tenant shall adjust for any overpayment or underpayment during the prior months of the then current Calendar Year or partial Calendar Year. After the end of each Calendar Year, including any partial Calendar Year at the beginning of the Term, and after the end of the Term, Landlord shall submit to Tenant a statement in reasonable detail stating Tenant's Fraction of the Operating Expenses for such Calendar Year, or partial Calendar Year in the event the Term shall begin on a date other than a January 1st and/or end on a date other than a December 31st, as the case may be, and stating the Operating Expenses for the period in question and the figures used for computing Tenant's Fraction, and if Tenant's Fraction so stated for such period is more or less than the amount paid for such period, Tenant shall pay to Landlord the deficiency within ten (10) days after submission of such statement, or Landlord shall, at its sole election, either refund to Tenant the excess or apply same to future installments of Operating Expenses due hereunder. All computations shall be made in accordance with generally accepted accounting principles.
Commencing on the Commencement Date. Tenant shall pay to Landlord, as additional rent, Tenant's Projected Share of Taxes. Upon each date that a Tax Payment or an installment on account thereof shall be due from Tenant pursuant to the terms of Section 5.02 hereof, Landlord shall apply the aggregate of the installments of Tenant's Projected Share of Taxes then on account with Landlord against the Tax Payment or installment thereof then due from Tenant. In the event that such aggregate amount shall be insufficient to discharge such Tax Payment or installment, Landlord shall so notify Tenant in a demand served upon Tenant pursuant to the terms of Section 5.02, and the amount of Tenant's payment obligation with respect to such Tax Payment or installment pursuant to Section 5.02 shall be equal to the amount of the insufficiency. If, however, such aggregate amount shall be greater than the Tax Payment or installment, Landlord shall forthwith either (a) pay the amount of excess directly to Tenant concurrently with the notice or (b) permit Tenant to credit the amount of such excess against the next payment of Tenant's Projected Share of Taxes due hereunder and, if the credit of such payment is not sufficient to liquidate the entire amount of such excess, Landlord shall then pay the amount of any difference to Tenant.
Commencing on the Commencement Date and continuing for each succeeding calendar year or partial calendar year during the term of this Lease, Tenant shall pay to Landlord, in addition to the Base Rent, an annual amount equal to the Gross Gaming Win in excess of One Hundred Million Dollars ($100,000,000) multiplied by one and one-half percent (1 1/2%) (the "ADDITIONAL RENT").