Common use of Fixed Rent Payments Clause in Contracts

Fixed Rent Payments. Tenant agrees to pay to Landlord, or as directed by Landlord, at Landlord's Original Address specified in Section 1.1 hereof, or at such other place as Landlord shall from time to time designate by notice, (1) (a) on the Rent Commencement Date (defined in Section 1.1 hereof) and thereafter monthly, in advance, on the first day of each and every calendar month during the Original Term, a sum equal to one twelfth (1/12th) of the Annual Fixed Rent (sometimes hereinafter referred to as "fixed rent") and (1) (b) on the Commencement Date and thereafter monthly, in advance, on the first day of each and every calendar month during the Original Term, a sum equal to one twelfth (1/12th) of $1.90 per annum for each square foot of Rentable Floor Area of Tenant's Space for electricity provided in, and subject to increase pursuant to Section 2.8 and (2) on the first day of each and every calendar month during the extension option period (if exercised), a sum equal to (a) one twelfth (1/12th) of the annual fixed rent as determined in Section 2.4.1 for the extension option period plus (b) then applicable monthly electricity charges (subject to increase for electricity as provided in Section 2.8 hereof). Until notice of some other designation is given, fixed rent and all other charges for which provision is herein made shall be paid by remittance to or for the order of Boston Properties Limited Partnership, Agents at X.X. Xxx 0000, Xxxxxx, Xxxxxxxxxxxxx 00000-0000, and all remittances received by Boston Properties Limited Partnership, as Agents as aforesaid, or by any subsequently designated recipient, shall be treated as payment to Landlord. Annual Fixed Rent for any partial month shall be paid by Tenant to Landlord at such rate on a pro rata basis, and, if the Rent Commencement Date is a day other than the first day of a calendar month, the first payment of Annual Fixed Rent which Tenant shall make to Landlord shall be a payment equal to a proportionate part of such monthly Annual Fixed Rent for the partial month from the Rent Commencement Date to the first day of the succeeding calendar month. In the event that Tenant commences occupancy of any portion of the Premises for the Permitted Uses prior to the Scheduled Term Commencement Date ("Tenant's Occupancy Commencement Date"), the Rent Commencement Date shall be the sixty first (61st) day immediately following the Tenant's Occupancy Commencement Date. In addition, beginning on the Rent Commencement Date determined as provided in the preceding sentence and continuing for the number of days equal to the number of days between the Tenant's Occupancy Commencement Date and the Scheduled Term Commencement (the "Applicable Number of Days"), as to fixed rent only, Tenant shall only be obligated to pay fixed rent at the rate of one half (1/2) of the contract fixed rent calculated on a daily basis for the Applicable Number of Days. Additional Rent payable by Tenant on a monthly basis, as hereinafter provided, likewise shall be prorated, and the first payment on account thereof shall be determined in similar fashion but shall commence on the Commencement Date; and other provisions of this Lease calling for monthly payments shall be read as incorporating this undertaking by Tenant. Notwithstanding that the payment of Annual Fixed Rent payable by Tenant to Landlord shall not commence until the Rent Commencement Date, Tenant shall be subject to, and shall comply with, all other provisions of this Lease as and at the times provided in this Lease. The Annual Fixed Rent and all other charges for which provision is herein made shall be paid by Tenant to Landlord, without offset, deduction or abatement except as otherwise specifically set forth in this Lease.

Appears in 2 contracts

Samples: Agreement (Unica Corp), Agreement (Unica Corp)

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Fixed Rent Payments. Tenant agrees to pay to Landlord, or as directed by Landlord, at Landlord's ’s Original Address specified in Section 1.1 hereof, or at such other place as Landlord shall from time to time designate by notice, (1) (a) on the Rent Commencement Date (defined in Section 1.1 hereof) and thereafter monthly, in advance, on the first day of each and every calendar month during the Original Term, a sum equal to one twelfth (1/12th) of the Annual Fixed Rent (sometimes hereinafter referred to as "fixed rent") and (1) (b) on the Commencement Date and thereafter monthly, in advance, on the first day of each and every calendar month during the Original Term, a sum equal to one twelfth (1/12th) of $1.90 per annum for each square foot of Rentable Floor Area of Tenant's Space for electricity provided in, and subject to increase pursuant to Section 2.8 and (2) on the first day of each and every calendar month during the each extension option period (if exercised), a sum equal to (a) one twelfth (1/12th) of the annual fixed rent Annual Fixed Rent as determined in Section 2.4.1 8.20 for the extension option period plus (b) then applicable monthly electricity charges (subject to increase for electricity as provided in Section 2.8 hereof)period. Until notice of some other designation is given, fixed rent and all other charges for which provision is herein made shall be paid by remittance to or for the order of Boston Properties Limited Partnership, Agents Partnership at X.X. Xxx 0000, Xxxxxx, Xxxxxxxxxxxxx 00000-0000, and all remittances received by Boston Properties Limited Partnership, as Agents as aforesaid, or by any subsequently designated recipient, shall be treated as payment to Landlord. Annual Fixed Rent for any partial month shall be paid by Tenant to Landlord at such rate on a pro rata basis, and, if the Rent Commencement Date is a day other than the first day of a calendar month, the first payment of Annual Fixed Rent which Tenant shall make to Landlord shall be a payment equal to a proportionate part of such monthly Annual Fixed Rent for the partial month from the Rent Commencement Date to the first day of the succeeding calendar month. In the event that Tenant commences occupancy of any portion of the Premises for the Permitted Uses prior to the Scheduled Term Commencement Date ("Tenant's Occupancy Commencement Date"), the Rent Commencement Date shall be the sixty first (61st) day immediately following the Tenant's Occupancy Commencement Date. In addition, beginning on the Rent Commencement Date determined as provided in the preceding sentence and continuing for the number of days equal to the number of days between the Tenant's Occupancy Commencement Date and the Scheduled Term Commencement (the "Applicable Number of Days"), as to fixed rent only, Tenant shall only be obligated to pay fixed rent at the rate of one half (1/2) of the contract fixed rent calculated on a daily basis for the Applicable Number of Days. Additional Rent payable by Tenant on a monthly basis, as hereinafter provided, likewise shall be prorated, and the first payment on account thereof shall be determined in similar fashion but shall commence on the Commencement Date; and other provisions of this Lease calling for monthly payments shall be read as incorporating this undertaking by Tenant. Notwithstanding that the payment of Annual Fixed Rent payable by Tenant to Landlord shall not commence until the Rent Commencement Date, Tenant shall be subject to, and shall comply with, all other provisions of this Lease as and at the times provided in this Lease. The Annual Fixed Rent and all other charges for which provision is herein made shall be paid by Tenant to Landlord, without offset, deduction or abatement except as otherwise specifically set forth in this Lease.

Appears in 2 contracts

Samples: Lease Agreement (Vistaprint LTD), Vistaprint LTD

Fixed Rent Payments. Tenant agrees to pay to Landlord, or as directed by Landlord, at Landlord's Original Address specified in Section 1.1 hereof, or at such other place as Landlord shall from time to time designate by notice, (1) (a1)(a) on the Second Floor Premises Rent Commencement Date (defined in Section 1.1 hereof) with respect to the Second Floor Premises and on the Third Floor Premises Rent Commencement Date with respect to the Third Floor Premises, respectively, and thereafter monthly, in advance, on the first day of each and every calendar month during the Original Term, a sum equal to one twelfth (1/12th) of the applicable Annual Fixed Rent (sometimes hereinafter referred to as "fixed rent") and (1) (b) on the Commencement Date and thereafter monthly, in advance, on the first day of each and every calendar month during the Original Term, a sum equal to one twelfth (1/12th) of $1.90 1.00 per annum for each square foot of Rentable Floor Area of Tenant's Space for tenant electricity provided in, and subject to increase pursuant to escalation as provided in Section 2.8 and (2) on the first day of each and every calendar month during the extension option period (if exercised), a sum equal to (a) one twelfth (1/12th) of the annual fixed rent Annual Fixed Rent as determined in Section 2.4.1 for the extension option period plus (b) then applicable monthly electricity charges (subject to increase escalation for electricity as provided in Section 2.8 hereof). Until notice of some other designation is given, fixed rent and all other charges for which provision is herein made shall be paid by remittance to or for the order of Boston Properties Limited Partnership, Agents at X.X. Xxx 0000, Xxxxxx, Xxxxxxxxxxxxx 00000-0000, and all remittances received by Boston Properties Limited Partnership, as Agents as aforesaid, or by any subsequently designated recipient, shall be treated as payment to Landlord. Annual Fixed Rent for any partial month shall be paid by Tenant to Landlord at such rate on a pro rata basis, and, if the Rent Commencement Date is a day other than the first day of a calendar month, the first payment of Annual Fixed Rent which Tenant shall make to Landlord shall be a payment equal to a proportionate part of such monthly Annual Fixed Rent for the partial month from the Rent Commencement Date to the first day of the succeeding calendar month. In the event that Tenant commences occupancy of any portion of the Premises for the Permitted Uses prior to the Scheduled Term Commencement Date ("Tenant's Occupancy Commencement Date"), the Rent Commencement Date shall be the sixty first (61st) day immediately following the Tenant's Occupancy Commencement Date. In addition, beginning on the Rent Commencement Date determined as provided in the preceding sentence and continuing for the number of days equal to the number of days between the Tenant's Occupancy Commencement Date and the Scheduled Term Commencement (the "Applicable Number of Days"), as to fixed rent only, Tenant shall only be obligated to pay fixed rent at the rate of one half (1/2) of the contract fixed rent calculated on a daily basis for the Applicable Number of Days. Additional Rent payable by Tenant on a monthly basis, as hereinafter provided, likewise shall be prorated, and the first payment on account thereof shall be determined in similar fashion but shall commence on the Commencement Date; and other provisions of this Lease calling for monthly payments shall be read as incorporating this undertaking by Tenant. Notwithstanding that the payment of Annual Fixed Rent payable by Tenant to Landlord shall not commence until the Rent Commencement Date, Tenant shall be subject to, and shall comply with, all other provisions of this Lease as and at the times provided in this Lease. The Annual Fixed Rent and all other charges for which provision is herein made shall be paid by Tenant to Landlord, without offset, deduction or abatement except as otherwise specifically set forth in this Lease.

Appears in 2 contracts

Samples: Synta Pharmaceuticals Corp, Synta Pharmaceuticals Corp

Fixed Rent Payments. Tenant agrees to pay to Landlord, or as directed by Landlord, at Landlord's Original Address the address specified in this Section 1.1 hereof2.5, or at such other place as Landlord shall from time to time designate by not less than thirty (30) days advance written notice, (1) (a) on the Rent Commencement Date (defined in Section 1.1 hereof) and thereafter monthly, in advance, on the first day of each and every calendar month during the Original Term, a sum equal to one twelfth (1/12th) of the Annual Fixed Rent (sometimes hereinafter referred to as "fixed rent") and (1) (b) on the Commencement Date and thereafter monthly, in advance, on the first day of each and every calendar month during the Original Term, a sum equal to one twelfth (1/12th) of $1.90 .85 per annum for each square foot of Rentable Floor Area of Tenant's Space for tenant electricity provided in, and subject to increase pursuant to adjustment as provided in Section 2.8 and (2) on the first day of each and every calendar month during the extension option period Extended Term (if exercised), a sum equal to (a) one twelfth (1/12th) of the annual fixed rent as determined in Section 2.4.1 8.20 for the extension option period Extended Term plus (b) then applicable monthly electricity charges (subject to increase adjustment for electricity as provided in Section 2.8 hereof). Until notice of some other designation is given, fixed rent and all other charges for which provision is herein made shall be paid by remittance to or for the order of Boston Properties Limited Partnership, Agents Partnership at X.X. Xxx 0000, Xxxxxx, Xxxxxxxxxxxxx 00000-0000, and all remittances received by Boston Properties Limited Partnership, as Agents as aforesaid, or by any subsequently designated recipient, shall be treated as payment to Landlord. Annual Fixed Rent for any partial month shall be paid by Tenant to Landlord at such rate on a pro rata basis, and, if the Rent Commencement Date is a day other than the first day of a calendar month, the first payment of Annual Fixed Rent which Tenant shall make to Landlord shall be a payment equal to a proportionate part of such monthly Annual Fixed Rent for the partial month from the Rent Commencement Date to the first day of the succeeding calendar month. In the event that Tenant commences occupancy of any portion of the Premises for the Permitted Uses prior to the Scheduled Term Commencement Date ("Tenant's Occupancy Commencement Date"), the Rent Commencement Date shall be the sixty first (61st) day immediately following the Tenant's Occupancy Commencement Date. In addition, beginning on the Rent Commencement Date determined as provided in the preceding sentence and continuing for the number of days equal to the number of days between the Tenant's Occupancy Commencement Date and the Scheduled Term Commencement (the "Applicable Number of Days"), as to fixed rent only, Tenant shall only be obligated to pay fixed rent at the rate of one half (1/2) of the contract fixed rent calculated on a daily basis for the Applicable Number of Days. Additional Rent payable by Tenant on a monthly basis, as hereinafter provided, likewise shall be prorated, and the first payment on account thereof shall be determined in similar fashion but shall commence on the Commencement Date; and other provisions of this Lease calling for monthly payments shall be read as incorporating this undertaking by Tenant. Notwithstanding that the payment of Annual Fixed Rent payable by Tenant to Landlord shall not commence until the Rent Commencement Date, Tenant shall be subject to, and shall comply with, all other provisions of this Lease as and at the times provided in this Lease. The Annual Fixed Rent and all other charges for which provision is herein made shall be paid by Tenant to Landlord, without offset, deduction or abatement except as otherwise specifically set forth in this Lease.

Appears in 1 contract

Samples: Oasis Semiconductor Inc

Fixed Rent Payments. Tenant agrees to pay to Landlord, or as directed by Landlord, at Landlord's ’s Original Address specified in Section 1.1 hereof, or at such other place as Landlord shall from time to time designate by notice, (1) (a1)(a) on the Rent Commencement Date (defined in Section 1.1 hereof) and thereafter monthly, in advance, on the first day of each and every calendar month during the Original Term, a sum equal to one twelfth (1/12th) of the Annual Fixed Rent (sometimes hereinafter referred to as "fixed rent") and (1) (b1)(b) on the Commencement Date and thereafter monthly, in advance, on the first day of each and every calendar month during the Original Term, a sum equal to one twelfth (1/12th) of $1.90 1.00 per annum for each square foot of Rentable Floor Area of Tenant's ’s Space for tenant electricity provided in, and subject to increase pursuant to escalation as provided in Section 2.8 and (2) on the first day of each and every calendar month during the extension option period (if exercised), a sum equal to (a) one twelfth (1/12th) of the annual fixed rent as determined in Section 2.4.1 8.20 for the extension option period plus (b) then applicable monthly electricity charges (subject to increase escalation for electricity as provided in Section 2.8 hereof). Until notice of some other designation is given, fixed rent and all other charges for which provision is herein made shall be paid by remittance to or for the order of Boston Properties Limited Partnership, Agents Partnership at X.X. P.X. Xxx 0000, Xxxxxx, Xxxxxxxxxxxxx 00000-0000, and all remittances received by Boston Properties Limited Partnership, as Agents as aforesaid, or by any subsequently designated recipient, shall be treated as payment to Landlord. Annual Fixed Rent for any partial month shall be paid by Tenant to Landlord at such rate on a pro rata basis, and, if the Rent Commencement Date is a day other than the first day of a calendar month, the first payment of Annual Fixed Rent which Tenant shall make to Landlord shall be a payment equal to a proportionate part of such monthly Annual Fixed Rent for the partial month from the Rent Commencement Date to the first day of the succeeding calendar month. In the event that Tenant commences occupancy of any portion of the Premises for the Permitted Uses prior to the Scheduled Term Commencement Date ("Tenant's Occupancy Commencement Date"), the Rent Commencement Date shall be the sixty first (61st) day immediately following the Tenant's Occupancy Commencement Date. In addition, beginning on the Rent Commencement Date determined as provided in the preceding sentence and continuing for the number of days equal to the number of days between the Tenant's Occupancy Commencement Date and the Scheduled Term Commencement (the "Applicable Number of Days"), as to fixed rent only, Tenant shall only be obligated to pay fixed rent at the rate of one half (1/2) of the contract fixed rent calculated on a daily basis for the Applicable Number of Days. Additional Rent payable by Tenant on a monthly basis, as hereinafter provided, likewise shall be prorated, and the first payment on account thereof shall be determined in similar fashion but shall commence on the Commencement Date; and other provisions of this Lease calling for monthly payments shall be read as incorporating this undertaking by Tenant. Notwithstanding that the payment of Annual Fixed Rent payable by Tenant to Landlord shall not commence until the Rent Commencement Date, Tenant shall be subject to, and shall comply with, all other provisions of this Lease as and at the times provided in this Lease. The Annual Fixed Rent and all other charges for which provision is herein made shall be paid by Tenant to Landlord, without offset, deduction or abatement except as otherwise specifically set forth in this Lease. The Rent Commencement Date in respect of the Premises (“RCD”) shall be the date which is 181 days after the Commencement Date (“Fixed Rent Abatement Period”) (i.e., Tenant shall have no obligation to pay Annual Fixed Rent during the first (1st) 180 days of the Term of the Lease in respect of the Premises (“Abated Fixed Rent”).

Appears in 1 contract

Samples: Commencement Date Agreement (Indevus Pharmaceuticals Inc)

Fixed Rent Payments. Tenant agrees to pay to Landlord, or as directed by Landlord, at Landlord's Original Address specified in Section 1.1 hereof, or at such other place as Landlord shall from time to time designate by notice, (1) (a) on the Rent Commencement Date (defined in Section 1.1 hereof) and thereafter monthly, in advance, on the first day of each and every calendar month during dnring the Original TermTenn, a sum equal eqnal to one twelfth (1/12thI/12th) of the Annual Annnal Fixed Rent (sometimes hereinafter referred to as "fixed rent") and (1) (b) on the Rent Commencement Date and thereafter monthly, in advance, on the first day of each and every calendar month during the Original TermTe1m, a sum equal an amount estimated by Landlord from time to one twelfth (1/12th) of $1.90 per annum for each square foot of Rentable Floor Area of time to cover Tenant's Space monthly payments for electricity provided in, and subject to increase pursuant to under Section 2.8 hereinbelow and (2) on the first day of each and every calendar month during the each extension option period (if exercised), a sum equal to (a) one twelfth (1/12thI/12th) of the annual fixed rent Annual Fixed Rent as determined in Section 2.4.1 8.20 for the applicable extension option period plus (b) then applicable monthly electricity charges (subject to increase escalation for electricity as provided in Section 2.8 hereof). Notwithstanding the foregoing, provided that, and so long as, there is no mortgage on the Building, Tenant shall have the option of prepaying Annual Fixed Rent for np to one (1) year in advance for each calendar year. Until notice of some other designation is given, fixed rent and all other charges for which provision is herein made shall be paid by remittance to or for the order of Boston Properties Limited Partnership, Agents at Partnership either (i) by mail to X.X. Xxx 0000, Xxxxxx, Xxxxxxxxxxxxx 00000-0000, (ii) by wire transfer to Bank of America in Dallas, Texas, Bank Routing Number 0000-0000-0 or (iii) by ACH transfer to Bank of America in Dallas, Texas, Bank Routing Number 111 000 012, and all in the case of (ii) or (iii) referencing Account Number 3756454460, Account Name of Boston Properties, LP, Tenant's name and the Property address. All remittances received by Boston Properties Limited Partnership, as Agents as aforesaid, or by any subsequently designated recipient, shall be treated as payment to Landlord. Annual Fixed Rent for any partial month shall be paid by Tenant to Landlord at such rate on a pro rata basis, and, if the Rent Commencement Conunencement Date is a day other than the first day of a calendar month, the first payment paymeut of Annual Fixed Rent which Tenant shall make to Landlord shall be a payment equal to a proportionate part of such monthly Annual Fixed Rent (based upon a three hundred sixty-five (365) day Lease Year) for the partial month from the Rent Commencement Date to the first day of the succeeding calendar month. In the event that Tenant commences occupancy of any portion of the Premises for the Permitted Uses prior to the Scheduled Term Commencement Date ("Tenant's Occupancy Commencement Date"), the Rent Commencement Date shall be the sixty first (61st) day immediately following the Tenant's Occupancy Commencement Date. In addition, beginning on the Rent Commencement Date determined as provided in the preceding sentence and continuing for the number of days equal to the number of days between the Tenant's Occupancy Commencement Date and the Scheduled Term Commencement (the "Applicable Number of Days"), as to fixed rent only, Tenant shall only be obligated to pay fixed rent at the rate of one half (1/2) of the contract fixed rent calculated on a daily basis for the Applicable Number of Days. Additional Rent payable by Tenant on a monthly basis, as hereinafter provided, likewise shall be prorated, and the first payment on account thereof shall be determined in similar fashion but shall commence on the Rent Commencement Date; and other provisions of this Lease calling for monthly payments shall be read as incorporating this undertaking by Tenant. Notwithstanding that the payment of Annual Fixed Rent payable by Tenant to Landlord shall not commence until .until the Rent Commencement Date, Tenant shall be subject to, and shall comply with, all other provisions of this Lease as and at the times provided in this Lease. The Annual Fixed Rent and all other other. charges for which provision is herein made shall be paid by Tenant to Landlord, without offset, deduction or abatement except as otherwise specifically set forth in this Lease.

Appears in 1 contract

Samples: Agreement of Sublease (Care.com Inc)

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Fixed Rent Payments. Tenant agrees to pay to Landlord, or as directed by Landlord, at Landlord's Original Address specified in Section 1.1 hereof, or at such other place as Landlord shall from time to time designate by notice, (1) (a) on the Rent Commencement Date (defined in Section 1.1 hereof) and thereafter monthly, in advance, on the first day of each and every calendar month during the Original Term, a sum equal to one twelfth (1/12th) of the Annual Fixed Rent (sometimes hereinafter referred to as "fixed rent") and (1) (b) on the Commencement Date and thereafter monthly, in advance, on the first day of each and every calendar month during the Original Term, a sum equal to one twelfth (1/12th) of $1.90 1.00 per annum for each square foot of Rentable Floor Area of Tenant's Space for tenant electricity provided in, and subject to increase pursuant to escalation as provided in Section 2.8 and (2) on the first day of each and every calendar month during the extension option period (if exercised), a sum equal to (a) one twelfth (1/12th) of the annual fixed rent as determined in Section 2.4.1 8.20 for the extension option period plus (b) then applicable monthly electricity charges (subject to increase escalation for electricity as provided in Section 2.8 hereof). Until notice of some other designation is given, fixed rent and all other charges for which provision is herein made shall be paid by remittance to or for the order of Boston Properties Limited PartnershipPartnership at P.O. Box 3557, Agents at X.X. Xxx 0000Boston, Xxxxxx, Xxxxxxxxxxxxx 00000Massachusetts 02241-00003557, and all remittances received by Boston Properties Limited Partnershipremittxxxxx xxxxxxxx xx Xxxxxx Xxxxxxxxxx Xxxxxxx Xxxtnership, as Agents as aforesaid, or by any subsequently designated recipient, shall be treated as payment to Landlord. Annual Fixed Rent for any partial month shall be paid by Tenant to Landlord at such rate on a pro rata basis, and, if the Rent Commencement Date is a day other than the first day of a calendar month, the first payment of Annual Fixed Rent which Tenant shall make to Landlord shall be a payment equal to a proportionate part of such monthly Annual Fixed Rent for the partial month from the Rent Commencement Date to the first day of the succeeding calendar month. In the event that Tenant commences occupancy of any portion of the Premises for the Permitted Uses prior to the Scheduled Term Commencement Date ("Tenant's Occupancy Commencement Date"), the Rent Commencement Date shall be the sixty first (61st) day immediately following the Tenant's Occupancy Commencement Date. In addition, beginning on the Rent Commencement Date determined as provided in the preceding sentence and continuing for the number of days equal to the number of days between the Tenant's Occupancy Commencement Date and the Scheduled Term Commencement (the "Applicable Number of Days"), as to fixed rent only, Tenant shall only be obligated to pay fixed rent at the rate of one half (1/2) of the contract fixed rent calculated on a daily basis for the Applicable Number of Days. Additional Rent payable by Tenant on a monthly basis, as hereinafter provided, likewise shall be prorated, and the first payment on account thereof shall be determined in similar fashion but shall commence on the Commencement Date; and other provisions of this Lease calling for monthly payments shall be read as incorporating this undertaking by Tenant. Notwithstanding that the payment of Annual Fixed Rent payable by Tenant to Landlord shall not commence until the Rent Commencement Date, Tenant shall be subject to, and shall comply with, all other provisions of this Lease as and at the times provided in this Lease. The Annual Fixed Rent and all other charges for which provision is herein made shall be paid by Tenant to Landlord, without offset, deduction or abatement except as otherwise specifically set forth in this Lease.

Appears in 1 contract

Samples: Netegrity Inc

Fixed Rent Payments. Tenant agrees to pay to Landlord, or as directed by Landlord, at Landlord's Original Address specified in Section 1.1 hereof, or at such other place as Landlord shall from time to time designate by notice, (1) (a1)(a) on the Rent Commencement Date (defined in Section 1.1 hereof) and thereafter monthly, in advance, on the first day of each and every calendar month during the Original Term, a sum equal to one twelfth (1/12th) of the Annual Fixed Rent (sometimes hereinafter referred to as "fixed rent") and (1) (b1)(b) on the Commencement Date and thereafter monthly, in advance, on the first day of each and every calendar month during the Original Term, a sum equal an amount estimated by Landlord from time to one twelfth (1/12th) of $1.90 per annum for each square foot of Rentable Floor Area of time to cover Tenant's Space ’s monthly payments for electricity provided in, and subject to increase pursuant to under Section 2.8 herein below and (2) on the first day of each and every calendar month during the extension option period (if exercised), a sum equal to (a) one twelfth (1/12th) of the annual fixed rent applicable Annual Fixed Rent as determined in Section 2.4.1 for the extension option period plus (b) then applicable monthly electricity charges (subject to increase escalation for electricity as provided in Section 2.8 hereof). Until notice of some other designation is given, fixed rent and all other charges for which provision is herein made shall be paid by remittance to or for the order of Boston Properties Limited Partnership, Agents at Partnership either (i) by mail to X.X. Xxx 0000, Xxxxxx, Xxxxxxxxxxxxx 00000-0000, (ii) by wire transfer to Bank of America in Dallas, Texas, Bank Routing Number or (iii) by ACH transfer to Bank of America in Dallas, Texas, Bank Routing Number , and all in the case of (ii) or (iii) referencing Account Number , Account Name of Boston Properties, LP, Tenant’s name and the Property address. All remittances received by Boston Properties Limited Partnership, as Agents as aforesaid, or by any subsequently designated recipient, shall be treated as payment to Landlord. Annual Fixed Rent for any partial month shall be paid by Tenant to Landlord at such rate on a pro rata basis, and, if the Rent Commencement Date is a day other than the first day of a calendar month, the first payment of Annual Fixed Rent which Tenant shall make to Landlord shall be a payment equal to a proportionate part of such monthly Annual Fixed Rent for the partial month from the Rent Commencement Date to the first day of the succeeding calendar month. In the event that Tenant commences occupancy of any portion of the Premises for the Permitted Uses prior to the Scheduled Term Commencement Date ("Tenant's Occupancy Commencement Date"), the Rent Commencement Date shall be the sixty first (61st) day immediately following the Tenant's Occupancy Commencement Date. In addition, beginning on the Rent Commencement Date determined as provided in the preceding sentence and continuing for the number of days equal to the number of days between the Tenant's Occupancy Commencement Date and the Scheduled Term Commencement (the "Applicable Number of Days"), as to fixed rent only, Tenant shall only be obligated to pay fixed rent at the rate of one half (1/2) of the contract fixed rent calculated on a daily basis for the Applicable Number of Days. Additional Rent payable by Tenant on a monthly basis, as hereinafter provided, likewise shall be prorated, and the first payment on account thereof shall be determined in similar fashion but shall commence on the Commencement Date; and other provisions of this Lease calling for monthly payments shall be read as incorporating this undertaking by Tenant. Notwithstanding that the payment of Annual Fixed Rent payable by Tenant to Landlord shall not commence until the Rent Commencement Date, Tenant shall be subject to, and shall comply with, all other provisions of this Lease as and at the times provided in this Lease. The Annual Fixed Rent and all other charges for which provision is herein made shall be paid by Tenant to Landlord, without offset, deduction or abatement except as otherwise specifically set forth in this Lease.

Appears in 1 contract

Samples: Lease (Inotek Pharmaceuticals Corp)

Fixed Rent Payments. Tenant agrees to pay to Landlord, or as directed by Landlord, at Landlord's Original Address specified in Section 1.1 hereof, or at such other place as Landlord shall from time to time designate by notice, (1) (a) on the Phase I Rent Commencement Date (defined in Section 1.1 hereof) and thereafter monthly, in advance, on the first day of each and every calendar month during the Original Term, a sum equal to one twelfth (1/12th) of the Annual Fixed Rent (sometimes hereinafter referred to as "fixed rent") and for the Phase I Premises, (1) (b2) on the Phase II Rent Commencement Date (defined in Section 1.1 hereof) and thereafter monthly, in advance, on the first day of each and every calendar month during the Original Term, a sum equal to one twelfth (1/12th) of $1.90 per annum the Annual Fixed Rent (sometimes hereinafter referred to as “fixed rent”) for each square foot the Phase II Premises and an amount reasonably estimated by Landlord from time to time to cover Tenant’s monthly payments of Rentable Floor Area of Tenant's Space for electricity provided inunder Section 2.8(B) below and Exhibit H attached hereto, and subject to increase pursuant to Section 2.8 and (23) on the first day of each and every calendar month during the each extension option period (if exercised), a sum equal to (a) one twelfth (1/12th) of the annual fixed rent Annual Fixed Rent as determined in Section 2.4.1 9.18 for the extension option period period, plus (b) then applicable monthly electricity electrical charges (subject to increase for electricity as provided in the Phase II Premises under Section 2.8 hereof)2.8(B) below and Exhibit H attached hereto. Until notice of some other designation is given, fixed rent and all other charges for which provision is herein made shall be paid by remittance to or for the order of Landlord either (i) via the VersaPay ARC, Boston Properties Limited Partnershipon-line Tenant Portal for which an invite will be sent to Tenant from the VersaPay ARC platform from the email address (please contact Landlord at with any inquiries respecting VersaPay), Agents at X.X. Xxx 0000, Xxxxxx, Xxxxxxxxxxxxx 00000-0000, and all remittances received (ii) by Boston Properties Limited Partnership, as Agents as aforesaid, ACH transfer to or (iii) by any subsequently designated recipient, shall be treated as payment to Landlordmail to. Annual Fixed Rent for any partial month shall be paid by Tenant to Landlord at such rate on a pro rata basis, and, if the Phase I Rent Commencement Date is a day other than the first day of a calendar month, the first payment of Annual Fixed Rent which Tenant shall make to Landlord shall be a payment equal to a proportionate part of such monthly Annual Fixed Rent for the partial month from the Phase I Rent Commencement Date to the first day of the succeeding calendar month. In the event that Tenant commences occupancy of any portion of the Premises for the Permitted Uses prior to the Scheduled Term Commencement Date ("Tenant's Occupancy Commencement Date"), the Rent Commencement Date shall be the sixty first (61st) day immediately following the Tenant's Occupancy Commencement Date. In addition, beginning on the Rent Commencement Date determined as provided in the preceding sentence and continuing for the number of days equal to the number of days between the Tenant's Occupancy Commencement Date and the Scheduled Term Commencement (the "Applicable Number of Days"), as to fixed rent only, Tenant shall only be obligated to pay fixed rent at the rate of one half (1/2) of the contract fixed rent calculated on a daily basis for the Applicable Number of Days. Additional Rent payable by Tenant on a monthly basis, as hereinafter provided, likewise shall be prorated, and the first payment on account thereof shall be determined in similar fashion but shall commence on the Phase I Commencement DateDate (excluding Additional Rent under Section 2.6, which shall commence on January 1, 2023, and Section 2.7, which shall commence on July 1, 2022); and other provisions of this Lease calling for monthly payments shall be read as incorporating this undertaking by Tenant. Notwithstanding that the payment of Annual Fixed Rent payable by Tenant to Landlord shall not commence until the Phase I Rent Commencement Date, Tenant shall be subject to, and shall comply with, all other provisions of this Lease as and at the times provided in this Lease. The Annual Fixed Rent and all other charges for which provision is herein made shall be paid by Tenant to Landlord, without offset, deduction or abatement except as otherwise specifically set forth in this Lease.

Appears in 1 contract

Samples: Waltham, Massachusetts (Allovir, Inc.)

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