Common use of First Month’s Rent Clause in Contracts

First Month’s Rent. Concurrent with the execution of this Lease, Tenant has paid one month’s Fixed Rent (“Advance Rent”) to Landlord. If the Rent Commencement Date is on the first day of a month, the Advance Rent shall be credited towards the first month’s Fixed Rent payment. If the Rent Commencement Date is not the first day of a month, then on the Rent Commencement Date Tenant shall pay Fixed Rent for the period from the Rent Commencement Date through the last day of such month, and the Advance Rent shall be credited towards Fixed Rent for the next succeeding calendar month.

Appears in 3 contracts

Samples: Lease (Pegasystems Inc), Lease (Centessa Pharmaceuticals PLC), Lease (Pegasystems Inc)

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First Month’s Rent. Concurrent with the execution of this Lease, Tenant has paid shall pay one month’s Fixed Rent upon the execution of this Lease (“Advance Rent”) to Landlord). If the Rent Commencement Date is on the first day of a month, the Advance Rent shall be credited towards the first month’s Fixed Rent payment. If the Rent Commencement Date is not the first day of a month, then on the Rent Commencement Date Tenant shall pay Fixed Rent for the period from the Rent Commencement Date through the last day of such month, and the Advance Rent shall be credited towards Fixed Rent for the next succeeding calendar month.

Appears in 3 contracts

Samples: Lease (Achieve Life Sciences, Inc.), Lease (Omrix Biopharmaceuticals, Inc.), Lease (Xstelos Holdings, Inc.)

First Month’s Rent. Concurrent with the execution of this Lease, Tenant has paid shall pay one month’s Fixed Rent upon the execution of this Lease (“Advance Rent”) to Landlord). If the Rent Commencement Date is on the first (1st) day of a month, the Advance Rent shall be credited towards the first (1st) month’s Fixed Rent payment. If the Rent Commencement Date is not the first (1st) day of a month, then on the Rent Commencement Date Tenant shall pay Fixed Rent for the period from the Rent Commencement Date through the last day of such month, and the Advance Rent shall be credited towards Fixed Rent for the next succeeding calendar month.

Appears in 2 contracts

Samples: Lease (Convio, Inc.), Deed of Lease (FBR & Co.)

First Month’s Rent. Concurrent with the execution of this Lease, Tenant has paid shall pay one month’s Fixed Rent for the Initial Premises upon the execution of this Lease (“Advance Rent”) to Landlord). If the Initial Premises Rent Commencement Date is on the first day of a month, the Advance Rent shall be credited towards the first such month’s Fixed Rent payment. If the Initial Premises Rent Commencement Date is not the first day of a month, then on the Initial Premises Rent Commencement Date Tenant shall pay Fixed Rent for the period from the Initial Premises Rent Commencement Date through the last day of such month, and the Advance Rent shall be credited towards Fixed Rent for the next succeeding calendar month.

Appears in 1 contract

Samples: Lease (Inphi Corp)

First Month’s Rent. Concurrent with Tenant shall pay the Advance Rent upon the execution of this Lease, Tenant has paid one month’s Fixed Rent (“Advance Rent”) to Landlord. If the Rent Commencement Date is on the first day of a month, the Advance Rent shall be credited towards the first month’s 's Fixed Rent payment. If the Rent Commencement Date is not the first day of a month, then on the Rent Commencement Date Date, Tenant shall pay Fixed Rent for the period from the Rent Commencement Date through the last day of such month, and the Advance Rent shall be credited towards Fixed Rent for the next succeeding calendar month.

Appears in 1 contract

Samples: Lease (Cmgi Inc)

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First Month’s Rent. Concurrent with the execution of this Lease, Tenant has paid shall pay one month’s Fixed Rent upon the execution of this Lease (“Advance Rent”) to Landlord). If the Rent Commencement Date is on the first day of a month, the The Advance Rent shall be credited towards the first month’s Fixed Rent payment. If payment for the first full month of the Term which occurs after the expiration or earlier termination of the Rent Commencement Date is not the first day of a month, then on the Rent Commencement Date Tenant shall pay Fixed Rent for the period from the Rent Commencement Date through the last day of such month, and the Advance Rent shall be credited towards Fixed Rent for the next succeeding calendar monthCredit Period.

Appears in 1 contract

Samples: Lease (E2open Inc)

First Month’s Rent. Concurrent with the execution of this Lease, Tenant has paid shall pay one month’s Fixed Rent on or prior to the Commencement Date (“Advance Rent”) to Landlord). If the Rent Commencement Date is on the first day of a month, the Advance Rent shall be credited towards the first month’s Fixed Rent payment. If the Rent Commencement Date is not the first day of a month, then on the Rent Commencement Date Tenant shall pay Fixed Rent for the period from the Rent Commencement Date through the last day of such month, and the Advance Rent shall be credited towards Fixed Rent for the next succeeding calendar month.

Appears in 1 contract

Samples: Lease (Larimar Therapeutics, Inc.)

First Month’s Rent. Concurrent with the execution of this Lease, Tenant has paid shall pay one month’s Fixed Rent upon the execution of this Lease (“Advance Rent”) to Landlord). If the Rent Commencement Date is on the first day of a month, the Advance Rent shall be credited towards the first month’s Fixed Rent payment. If the Rent Commencement Date is not the first day of a month, then on the Rent Commencement Date Tenant shall pay Fixed Rent for the period from the Rent Commencement Date through the last day of such month, and the Advance Rent shall be credited towards Fixed Rent for the next succeeding calendar month.

Appears in 1 contract

Samples: Lease (DemandTec, Inc.)

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