Common use of Fixed Management Fee Clause in Contracts

Fixed Management Fee. Beginning with the Commencement Date of the Term -------------------- of this Lease, Tenant shall pay to Landlord, in addition to the Basic Rent and Additional Rent, a fixed monthly management fee equal to 1% of the Basic Rent due for each month during the Lease Term ("Management Fee") The respective obligations of Landlord and Tenant under this paragraph shall survive the expiration or other termination of the term of this Lease, and if the term hereof shall expire or shall otherwise terminate on a day other than the last day of a calendar year, the actual Additional Rent incurred for the calendar year in which the term hereof expires or otherwise terminates shall be determined and settled on the basis of the statement of actual Additional Rent for such calendar year and shall be prorated in the proportion which the number of days in such calendar year preceding such expiration or termination bears to 365.

Appears in 1 contract

Samples: Lease Agreement (Pointcast Inc)

AutoNDA by SimpleDocs

Fixed Management Fee. Beginning with the Commencement Date of the Term -------------------- of this Lease, Tenant shall pay to Landlord or Landlord's Assignee, in addition to the Basic Rent and Additional Rent, a fixed monthly management fee ("Management Fee") equal to 1% one and one-half percent (1.5%) of the Basic Rent due for each month during the Lease Term ("Management Fee") Term. The respective obligations of Landlord and Tenant under this paragraph shall survive the expiration or other termination of the term of this Lease, and if the term hereof shall expire or shall otherwise terminate on a day other than the last day of a calendar year, the actual Additional Rent incurred for the calendar year in which the term hereof expires or otherwise terminates shall be determined and settled on the basis of the statement of actual Additional Rent for such calendar year and shall be prorated in the proportion which the number of days in such calendar year preceding such expiration or termination bears to 365.

Appears in 1 contract

Samples: Lease Agreement (Abgenix Inc)

Fixed Management Fee. Beginning with the Commencement Date of the Term -------------------- of this Lease, Tenant shall pay to Landlord or Landlord’s Assignee, in addition to the Basic Rent and Additional Rent, a fixed monthly management fee (“Management Fee”) equal to 1% one and one-half percent (1.5%) of the Basic Rent due for each month during the Lease Term ("Management Fee") Term. The respective obligations of Landlord and Tenant under this paragraph shall survive the expiration or other termination of the term of this Lease, and if the term hereof shall expire or shall otherwise terminate on a day other than the last day of a calendar year, the actual Additional Rent incurred for the calendar year in which the term hereof expires or otherwise terminates shall be determined and settled on the basis of the statement of actual Additional Rent for such calendar year and shall be prorated in the proportion which the number of days in such calendar year preceding such expiration or termination bears to 365.

Appears in 1 contract

Samples: Master Lease Agreement (Protein Design Labs Inc/De)

Fixed Management Fee. Beginning with the Commencement Date of the Term -------------------- of this Lease, Tenant shall pay to Landlord, in addition to the Basic Rent and Additional Rent, a fixed monthly management fee ("Management Fee") equal to 1% of the Basic Rent due for each month during the Lease Term ("Management Fee") Term. The respective obligations of Landlord and Tenant under this paragraph shall survive the expiration or other termination of the term of this Lease, and if the term hereof shall expire or shall otherwise terminate on a day other than the last day of a calendar year, the actual Additional Rent incurred for the calendar year in which the term hereof expires or otherwise terminates shall be determined and settled on the basis of the statement of actual Additional Rent for such calendar year and shall be prorated in the proportion which the number of days in such calendar year preceding such expiration or termination bears to 365.

Appears in 1 contract

Samples: Lease Agreement (Quantum Corp /De/)

Fixed Management Fee. Beginning with the Commencement Date of the Term -------------------- of this Lease, Tenant shall pay to Landlord, in addition to the Basic Rent and Additional Rent, a fixed monthly management fee ("Management Fee") equal to 1-1/2% of the Basic Rent due for each month during the Lease Term ("Management Fee") Term. The respective obligations of Landlord and Tenant under this paragraph shall survive the expiration or other termination of the term of this Lease, and if the term hereof shall expire or shall otherwise terminate on a day other than the last day of a calendar year, the actual Additional Rent incurred for the calendar year in which the term hereof expires or otherwise terminates shall be determined and settled on the basis of the statement of actual Additional Rent for such calendar year and shall be prorated in the proportion which the number of days in such calendar year preceding such expiration or termination bears to 365.

Appears in 1 contract

Samples: Lease Agreement (Cell Genesys Inc)

AutoNDA by SimpleDocs

Fixed Management Fee. Beginning with the Commencement Date of the Term -------------------- of this Lease, Tenant shall pay to Landlord, in addition to the Basic Rent and Additional Rent, a fixed monthly management fee ("Management Fee") equal to 1% of the Basic Rent due for each month during the Lease Term ("Management Fee") Term. The respective obligations of Landlord and Tenant under this paragraph shall survive the expiration or other termination of the term of this Lease, and if the term hereof shall expire or shall otherwise terminate on a day other than the last day of a calendar year, the actual Additional Rent incurred for the calendar year in which the term hereof expires or otherwise terminates shall be determined and settled on the basis of the statement of actual Additional Rent for such calendar year and shall be prorated in the proportion which the number of days in such calendar year preceding such expiration or termination bears to 365.

Appears in 1 contract

Samples: Lease Agreement (Pointcast Inc)

Fixed Management Fee. Beginning with the Commencement Date of the Term -------------------- of this Lease, Tenant shall pay to Landlord, in addition to the Basic Rent and Additional Rent, a fixed monthly management fee (“Management Fee”) equal to 1% of the Basic Rent due for each month during the Lease Term ("Management Fee") Term. The respective obligations Obligations of Landlord and Tenant under this paragraph shall survive the expiration or other termination of the term of this Lease, and and; if the term hereof shall expire or shall otherwise terminate on a day other than the last day of a calendar year, the actual Additional Rent incurred for the calendar year in which the term hereof expires or otherwise terminates shall be determined and settled on the basis of the statement of actual Additional Rent for such calendar year and shall be prorated in the proportion which the number of days in such calendar year preceding such expiration or termination bears to 365.

Appears in 1 contract

Samples: Lease Agreement (Maxtor Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.