Fixed Monthly Rent; Fixed Monthly Rent Increase Sample Clauses

Fixed Monthly Rent; Fixed Monthly Rent Increase. Commencing on the Commencement Date and continuing through February 28, 2007, the Fixed Monthly Rent for the Initial Premises payable by Tenant shall be $18,923.78 per month. Commencing on March 1, 2007 and continuing through the last day of the twelfth (12th) full calendar month of the Term, the Fixed Monthly Rate for the Premises payable by Tenant shall be $24,737.39 per month. Commencing the first calendar day of the thirteenth (13th) full calendar month of the Term, and continuing through the last calendar day of the twenty-fourth (24th) full calendar month of the Term, the Fixed Monthly Rate for the Premises payable by Tenant shall increase from $24,737.39 per month to $25,603.20 per month. Commencing the first calendar day of the twenty-fifth (25th) full calendar month of the Term, and continuing through the last calendar day of the thirty-sixth (36th) full calendar month of the Term, the Fixed Monthly Rate for the Premises payable by Tenant shall increase from $25,603.20 per month to $26,499.31 per month. Commencing the first calendar day of the thirty-seventh (37th) full calendar month of the Term, and continuing through the last calendar day of the forty-eight (48th) full calendar month of the Term, the Fixed Monthly Rent payable by Tenant shall increase from $26,499.31 per month to $27,426.79 per month. Commencing the first calendar day of the forty-ninth (49th) full calendar month of the Term, and continuing through the last calendar day of the sixtieth (60th) full calendar month of the Term, the Fixed Monthly Rate for the Premises payable by Tenant shall increase from $27,426.79 per month to $28,386.72 per month. Commencing the first calendar day of the sixty-first (61st) full calendar month of the Term, and continuing throughout the remainder of the initial Term, the Fixed Monthly Rate for the Premises payable by Tenant shall increase from $28,386.72 per month to $29,380.26.
Sample 1
AutoNDA by SimpleDocs

Related to Fixed Monthly Rent; Fixed Monthly Rent Increase

  • 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.

  • Monthly Rent The rent payable pursuant to Paragraph 5.A., as adjusted from time to time pursuant to the terms of this Lease.

  • Monthly Base Rent On each Due Date, each Lessee shall pay to the Lessor the Monthly Base Rents that have accrued during the Related Month with respect to all Vehicles that were leased by such Lessee under this Operating Lease on any day during the Related Month;

  • Base Monthly Rent Commencing on the Commencement Date and continuing throughout the Lease Term, Tenant shall pay to Landlord the Base Monthly Rent set forth in Section K of the Summary.

  • Base Rent Adjustment (a) The BASE RENT (subject to adjustment as set forth in Section 1.08(a) above) payable during the EXTENDED TERM, subject to the provisions of part (b) of this Section 3.03, shall be increased from the BASE RENT payable immediately prior to the first month of the EXTENDED TERM to the then fair market rental rate determined in connection with part (b) of this Section 3.03.

  • Minimum Rent The defined term “Minimum Rent” set forth in Section 1.66 of the Lease is deleted in its entirety and replaced with the following:

  • Base Rent Adjustments Base Rent shall be increased on each annual anniversary of the first day of the first full month during the Term of this Lease (each an “Adjustment Date”) by multiplying the Base Rent payable immediately before such Adjustment Date by the Rent Adjustment Percentage and adding the resulting amount to the Base Rent payable immediately before such Adjustment Date. Base Rent, as so adjusted, shall thereafter be due as provided herein. Base Rent adjustments for any fractional calendar month shall be prorated.

  • Lease Year Lease Year" means each consecutive twelve-month period beginning with the Commencement Date, except that if the Commencement Date is not the first day of a calendar month, then the first Lease Year shall be the period from the Commencement Date through the final day of the twelve months after the first day of the following month, and each subsequent Lease Year shall be the twelve months following the prior Lease Year.

  • Basic Rent The periodic rent payable for the Aircraft throughout the Basic Term pursuant to Section 3.02 of the Lease, adjusted pursuant to Article 3 of the Lease. Basic Term. The period commencing at the beginning of the day on the Delivery Date and ending at the end of the day on July 15, 2023, or such earlier date on which the Lease shall be terminated as provided therein.

  • Payment of Basic Rent Basic Rent shall be paid absolutely net to Lessor or its designee, so that this Lease shall yield to Lessor the full amount thereof, without setoff, deduction or reduction.

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