Common use of DEMISE, PREMISES, TERM Clause in Contracts

DEMISE, PREMISES, TERM. RENT ---------------------------- Section 1.1. Landlord hereby leases to Tenant and Tenant hereby hires from Landlord the Premises for the Term to commence on the date hereof (the "Commencement Date") and to end on the date (the "Fixed Expiration Date") which is the last day of the month in which the day immediately preceding the fifth (5th) anniversary of the Rent Commencement Date shall occur, at an annual rent (the "Fixed Rent") of: (1) Three Hundred Four Thousand Eighty Dollars ($304,080.00) for the period (the "1st Rental Period") commencing on the Rent Commencement Date and ending on the day immediately preceding the date which is two and one-half (2.5) years after the Commencement Date, or if the Commencement Date shall occur other than on the first day of the month, ending on the last day of the month in which the date which is two and one-half (2.5) years after the Commencement Date occurs ($25,340.00 per month); (2) Three Hundred Nineteen Thousand Two Hundred Eighty-Four Dollars ($319,284.00) for the period (the "2nd Rental Period") commencing on the day next succeeding the end of the 1st Rental Period and ending on the Fixed Expiration Date ($26,607.00 per month), and which Tenant agrees to pay in lawful money of the United States which shall be legal tender in payment of all debts and dues, public and private, at the time of payment, in equal monthly installments in advance, on the first (1st) day of each calendar month during the Term commencing on the Rent Commencement Date, at the office of Landlord or such other place as Landlord may designate, without any set-off, offset, abatement or deduction whatsoever, except that Tenant shall pay the first full monthly installment on the execution hereof. At the request of Landlord, Fixed Rent shall be payable when due by wire transfer of funds to an account designated from time to time by Landlord. Section 1.2. If the Rent Commencement Date shall occur on a date other than the first (1st) day of any calendar month, then, on the Rent Commencement Date Tenant shall pay to Landlord a sum equal to Eight Hundred Forty-Four and 67/100 Dollars ($844.67), multiplied by the number of calendar days in the period from the Rent Commencement Date to the last day of the month in which the Rent Commencement Date shall occur, both dates inclusive. Section 1.3. Tenant shall pay to Landlord, as additional rent, on account of electricity consumed at the Premises the sum of Two Thousand One Hundred Eighty-Five and 58/100 Dollars ($2,185.58) per month during the period commencing on the Commencement Date and ending on the day immediately preceding the Rent Commencement Date. If such period shall commence or end on a date other than the first (1st) day of a calendar month, such monthly amount on account of electricity shall be appropriately adjusted.

DEMISE, PREMISES, TERM. RENT ---------------------------- Section 1.1. Landlord hereby leases to Tenant and Tenant hereby hires from Landlord the Premises for the Term to commence on the date hereof (the "Commencement Date") and to end on the date (the "Fixed Expiration Date") which is the last day of the month in which the day immediately preceding the fifth (5th) anniversary of the Rent Commencement Date shall occur, at an annual rent (the "Fixed Rent") of: (1) Three Hundred Four Eighty-Five Thousand Eighty Eight Hundred Sixty-Six Dollars ($304,080.00385,866) per annum for the period (the "1st Rental Period") commencing on the --- ----- ----------------- Rent Commencement Date and ending on the day immediately preceding the date which is two and one-half third (2.53rd) years after anniversary of the Rent Commencement Date, or if the Rent Commencement Date shall occur other than on the first day of the month, ending on the last day of the month in which the date which is two and one-half third (2.53rd) years after anniversary of the Rent Commencement Date occurs ($25,340.00 32,155.50 per month);, (2) Three Four Hundred Nineteen Sixteen Thousand Two One Hundred Eighty-Four Thirty Dollars ($319,284.00416,130) per annum for the period (the "2nd Rental Period") commencing on the --- ----- ----------------- day next succeeding the end of the 1st Rental Period and ending on the day immediately preceding the seventh (7th) anniversary of the Rent Commencement Date, or if the Rent Commencement Date shall occur other than on the first day of the month, ending on the last day of the month in which the seventh (7th) anniversary of the Rent Commencement Date occurs ($34,677.50 per month), and (3) Four Hundred Thirty-One Thousand Two Hundred Sixty-Two Dollars ($431,262) per annum for the period commencing on the day next succeeding the --- ----- end of the 2nd Rental Period and ending on the Fixed Expiration Date ($26,607.00 35,938.50 per month), and (which Fixed Rent amounts include, if Landlord shall be supplying electricity pursuant to Section 13.2 hereof, the Base Electricity Inclusion Factor) which Tenant agrees to pay in lawful money of the United States which shall be legal tender in payment of all debts and dues, public and private, at the time of payment, in equal monthly installments installments, in advance, on the first (1st) day of each calendar month during the Term commencing on the Rent Commencement Date, at the office of Landlord or such other place as Landlord may designate, without any set-off, offset, abatement or deduction whatsoever, except that Tenant shall pay the first full monthly installment on the execution hereof. At the request of Landlord, Fixed Rent shall be payable when due by wire transfer of funds to an account designated from time to time by Landlord. Section 1.2. Tenant shall pay to Landlord, as additional rent, on account ------------ of electricity consumed at the Premises an amount equal to One Thousand Eight Hundred Ninety-One and 50/100 Dollars ($1,891.50) per month during the period commencing on the Commencement Section 1.3. If the Rent Commencement Date shall occur on a date other than the first (1st) ------------ day of any an calendar month, then, on the Rent Commencement Date Date, Tenant shall pay to Landlord a sum an amount equal to Eight Hundred FortyOne Thousand Fifty-Four Seven and 67/100 17/100 Dollars ($844.67), 1,057.17) multiplied by the number of calendar days in the period from the Rent Commencement Date to the last day of the month in which the Rent Commencement Date shall occur, both dates inclusive. Section 1.3. Tenant shall pay to Landlord, as additional rent, on account of electricity consumed at the Premises the sum of Two Thousand One Hundred Eighty-Five and 58/100 Dollars ($2,185.58) per month during the period commencing on the Commencement Date and ending on the day immediately preceding the Rent Commencement Date. If such period shall commence or end on a date other than the first (1st) day of a calendar month, such monthly amount on account of electricity shall be appropriately adjusted.