Fixed, Minimum and Base Rents Sample Clauses

Fixed, Minimum and Base Rents. Subject to Section 6(g) below, Seller shall be entitled to fixed, minimum and base rents which are due or past due or not yet due but accrued under the terms of the Leases, prorated to 11:59 p.m. of the day prior to the Closing, regardless of when such payments are actually made. At Closing, rents for the month of Closing will be prorated as provided below. “Delinquent Amounts”, as defined in Section 6(j) below, shall be handled in the manner provided in Section 6(j) below). All scheduled payments of fixed, minimum or base rents received by Seller or Purchaser for the month of Closing shall be prorated based upon the number of days in that month occurring before the Closing. If, as of the Closing, any scheduled payment of fixed, minimum or base rents has not been paid by a tenant for the month of Closing (such amount being referred to as the “Current Unpaid Rent” for such tenant), than any subsequent payments made by such tenant after Closing shall first be applied to (but only to the extent of) the Current Unpaid Rent for such tenant. If after the Closing, Seller receives any payment from a tenant with Current Unpaid Rent, Seller shall be entitled to retain from any such payment the amount of the Current Unpaid Rent for such tenant (with the balance of any such payment being treated as a “Delinquent Amount” and disposed of pursuant to the provisions of Section 6(j) below, or if Purchaser receives any such payment from a tenant with Current Unpaid Rent, Purchaser shall promptly remit to Seller from any such payment the amount of the Current Unpaid Rent for such tenant (with the balance of any such payment being treated as a “Delinquent Amount” and disposed of pursuant to the provisions of Section 6(j) below.
Sample 1Sample 2Sample 3See All (4)
AutoNDA by SimpleDocs
Fixed, Minimum and Base Rents. Subject to Section 5.11 below, Seller shall be entitled to fixed, minimum and base rents which are due or past due or not yet due but accrued under the terms of the Leases, prorated to midnight of the day prior to the Closing Date, regardless of when such payments are actually made. Notwithstanding the foregoing, for the purpose of making apportionments at Closing, Buyer and Seller shall not prorated Delinquent Amounts (as defined below).
Sample 1Sample 2
Fixed, Minimum and Base Rents. Subject to Section 6.02(1), Seller shall be entitled to receive all fixed, minimum and base rents which are due or past due or not yet due but accrued under the terms of the Leases, prorated to the Closing Date, upon collection of the same from tenants. Subject to Section 6.02(1), Purchaser shall be entitled to receive all fixed, minimum and base rents which relate to periods commencing on or after the Closing Date, upon collection of the same from tenants.
Sample 1
Fixed, Minimum and Base Rents. Subject to Section 6.2(m) below and this Section 6.2(b), Seller shall be entitled to fixed, minimum and base rents which are due or past due or not yet due but accrued under the terms of the Leases, prior to, and prorated as of the Closing Date. Purchaser shall be entitled to all fixed, minimum and base rents accruing and prorated from and after the Closing Date. Purchaser shall be entitled to a credit at Closing for Purchaser's share of all such fixed, minimum and base rents due in the month in which the Closing Date occurs and received by Seller prior to the Closing Date. If any such fixed, minimum or base rents due in the month in which the Closing Date occurs have not been received by Seller as of the Closing Date, Seller shall receive a credit at Closing for its share of such rents and Purchaser shall receive a credit at Closing for its share of such rents, subject in each case to readjustment as described in Section 6.2(m) below. By way of example, if (i) there is $1,000,000 in fixed, minimum and base rents due for the month in which the Closing Date occurs, (ii) Closing occurs on June 7, 2000, and (iii) $900,000 of such rents have been collected as of Closing, then Purchaser shall receive a credit at Closing of $800,000 (24/30ths of $900,000, plus 24/30ths of $100,000) and Seller shall receive a credit of $20,000 (6/30ths of $100,000).
Sample 1
Fixed, Minimum and Base Rents. Subject to Section 6.2(j) of this Agreement, (i) Seller shall be entitled to fixed, minimum and base rents which are due or past due, prorated to the Closing Date regardless of when such payments are actually made, and (ii) Purchaser shall be entitled to all fixed, minimum and base rents accruing and prorated on or after the Closing Date.
Sample 1
Fixed, Minimum and Base Rents. Subject to Subsection 6.6.8 below, Seller shall be entitled to fixed, minimum, and base rents which are due or past due (but not for more than 180 days) or not yet due but accrued under the Leases, prorated to, but not including, the Closing Date, regardless of when such payments are actually made.
Sample 1
Fixed, Minimum and Base Rents. Subject to Subsection (j) below (which addresses Delinquent Amounts), all rents (fixed, minimum, base and percentage rents) payable under the terms of the Leases shall be prorated as of the Document Delivery Date (regardless of when such payments are actually made), with Seller being entitled to all rents for periods prior to the Document Delivery Date and Purchaser being entitled to all rents for the Document Delivery Date and thereafter; provided, however, Purchaser shall receive a credit at Closing against the Purchase Price only for its pro rata share of rents actually received by Seller prior to Closing.
Sample 1
AutoNDA by SimpleDocs
Fixed, Minimum and Base Rents. Subject to Section 11 (h) below, Seller shall be entitled to fixed, minimum and base rents which are due or past due or not yet due but accrued under the terms of the Space Leases, prorated to midnight of the day prior to the Closing, regardless of when such payments are actually made. At Closing, rents received by Seller for the month of Closing will be prorated as provided below, but there shall be no proration at Closing of unpaid or delinquent rents. All payments of fixed, minimum or base rents received by either party for the month of Closing shall be prorated based upon the number of days in that month occurring before the Closing, and the party receiving the payment shall credit (in the case of payment received by Seller before the Closing) or remit (in the case of payment received by Purchaser on or after the Closing) to the other party its proportionate share.
Sample 1
Fixed, Minimum and Base Rents. Seller shall be entitled to all fixed, minimum and base rents and all income produced from the operation of the Property which is allocable to the period prior to the Closing Date, prorated to the Closing Date.
Sample 1

Related to Fixed, Minimum and Base Rents

  • Minimum Annual Rent Tenant agrees to pay to Landlord the Minimum Annual Rent in equal monthly installments in the amount set forth in Section 1(d) (as increased at the beginning of each lease year as set forth in Section 1(d)), in advance, on the first day of each calendar month during the Term, without notice, demand or setoff, at Landlord's address designated at the beginning of this lease unless Landlord designates otherwise; provided that rent for the first full month shall be paid at the signing of this lease. If the Commencement Date falls on a day other than the first day of a calendar month, the rent shall be apportioned pro rata on a per diem basis for the period from the Commencement Date until the first day of the following calendar month and shall be paid on or before the Commencement Date. As used in this lease, the term "LEASE YEAR" means the period from the Commencement Date through the succeeding 12 full calendar months (including for the first lease year any partial month from the Commencement Date until the first day of the first full calendar month) and each successive 12 month period thereafter during the Term.

  • Minimum Availability Borrower shall have minimum availability immediately following the initial funding in the amount set forth on the Schedule.

  • Minimum Requirements With respect to the Notes, the Issuers shall not have any obligations with respect to any underwriters or underwritten offering except a single underwritten offering of $270 million or more of Registrable Securities.

  • Lease Period The Lessor agrees to permit the Lessee to make use of the leased premises under this agreement for the period prescribed in Appendix A.

  • Minimum Excess Availability Borrower shall have Excess Availability under the Revolving Credit Loans facility of not less than the amount specified in the Schedule, after giving effect to the initial advance hereunder and after giving effect to any applicable Loan Reserves against borrowing availability under the Revolving Credit Loans.

  • 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 Annual Royalty During the TERM of this SUB-LICENSE, ADAPTIMMUNE shall pay to LTC a non-refundable minimum annual royalty (“MINIMUM ANNUAL ROYALTY”) of: (a) *** dollars ($***) for each full or partial calendar year during which there is no APPROVAL OBTAINED for any LICENSED T CELL PRODUCT, and (b) for the first full calendar year following the date that there is APPROVAL OBTAINED and thereafter, a non-refundable MINIMUM ANNUAL ROYALTY that is equal to fifty percent (50%) of ADAPTIMMUNE’s earned running royalties for the sale by ADAPTIMMUNE and its AFFILIATES of such LICENSED T CELL PRODUCTS in the previous calendar year. The MINIMUM ANNUAL ROYALTY will be fully-creditable against running royalties due and payable by ADAPTIMMUNE and its AFFILIATES on account of running royalties under Section 4.3 for the applicable calendar year for which such MINIMUM ANNUAL ROYALTY relates, but shall not be creditable against any MILESTONE PAYMENTS (defined at Section 4.4) made at any time. Any difference between the MINIMUM ANNUAL ROYALTY due for a particular calendar year, and the running royalties due and payable for such calendar year, will be paid along with the royalty payment and royalty report due for the fourth (4th) quarter of each calendar year (e.g. within forty-five (45) days of each December 31) in accordance with Section 4.6. For clarification purposes, MINIMUM ANNUAL ROYALTIES are not refundable in whole or in part.

  • Maximum Annual Operating Expense Limit The Maximum Annual Operating Expense Limit with respect to each Fund shall be the amount specified in Schedule A based on a percentage of the average daily net assets of each Fund.

  • Minimum Annual Royalties Company shall pay to JHU minimum annual royalties as set forth in Exhibit A. These minimum annual royalties shall be due, without invoice from JHU, within thirty (30) days of each anniversary of the EFFECTIVE DATE beginning with the first anniversary. Running royalties and sublicense consideration accrued under Paragraphs 3.3 and 3.4, respectively, and paid to JHU during the one year period preceding an anniversary of the EFFECTIVE DATE shall be credited against the minimum annual royalties due on that anniversary date.

  • Minimum Sales 4.1 The minimum volume of sales of the Products that CSR commits to use its best efforts to achieve in the Territory on an annual basis in the first Agreement Year is 60,000 gallons (avg. 5,000 gallons per month). RCAI will review the annual volumes of sales of the Products prior to the beginning of any successive term during which this Agreement may continue and RCAI may change and adjust such minimums as it, in its sole judgment, sees fit.

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