Common use of Fixed Rent Clause in Contracts

Fixed Rent. For the period commencing on the Lease Commencement Date until June 30, 2000, Tenant shall pay fixed rent ("Fixed Rent") for the Premises at the annual rate of Sixty Thousand and No/100 Dollars ($60,000.00), payable in monthly installments of Five Thousand and No/100 Dollars ($5,000.00) per month, payable on the first day of each month, up to and including June 1, 2000. For the Lease Year commencing on July 1, 2000, the annual Fixed Rent shall increase by five percent (5%) and the Fixed Rent, as so increased, shall be annual Fixed Rent until the Lease Termination Date. If Tenant exercises its option(s) to renew the term of this Lease pursuant to Section 4 of this Lease, the annual Fixed Rent for the first Lease Year of the Renewal Term shall be equal to the annual Fixed Rent for the last Lease Year of the initial Term and thereafter the annual Fixed Rent shall increase by five percent (5%) on the commencement of the second, fifth, and eighth Lease Year of the Renewal Term(s).

Appears in 2 contracts

Samples: Lease (Eagle Supply Group Inc), Lease (Eagle Supply Group Inc)

AutoNDA by SimpleDocs

Fixed Rent. For the period commencing on the Lease Commencement Date until June 30, 2000, Tenant shall pay fixed rent ("Fixed Rent") for the Premises at the annual rate of Sixty Twelve Thousand and No/100 00/100 Dollars ($60,000.0012,000.00), payable in monthly installments of Five One Thousand and No/100 00/100 Dollars ($5,000.001,000.00) per month, payable on the first day of each month, up to and including June 1, 2000. For the Lease Year commencing on July 1, 2000, the annual Fixed Rent shall increase by five percent (5%) and the Fixed Rent, as so increased, shall be annual Fixed Rent until the Lease Termination Date. If Tenant exercises its option(s) to renew the term of this Lease pursuant to Section 4 of this Lease, the annual Fixed Rent for the first Lease Year of the Renewal Term shall be equal to the annual Fixed Rent for the last Lease Year of the initial Term and thereafter the annual Fixed Rent shall increase by five percent (5%) on the commencement of the second, fifth, and eighth Lease Year of the Renewal Term(s).

Appears in 1 contract

Samples: Lease (Eagle Supply Group Inc)

Fixed Rent. For the period commencing on the Lease Commencement Date until June 30, 2000, Tenant shall pay fixed rent ("Fixed Rent") for the Premises at the annual rate of Sixty One Hundred Fifty-Three Thousand Two Hundred Twenty-Eight and No/100 00/100 Dollars ($60,000.00153,228.00), payable in monthly installments of Five Twelve Thousand Seven Hundred Sixty-Nine and No/100 00/100 Dollars ($5,000.0012,769.00) per month, payable on the first day of each month, up to and including June 1, 2000. For the Lease Year commencing on July 1, 2000, the annual Fixed Rent shall increase by five percent (5%) and the Fixed Rent, as so increased, shall be annual Fixed Rent until the Lease Termination Date. If Tenant exercises its option(s) to renew the term of this Lease pursuant to Section 4 of this Lease, the annual Fixed Rent for the first Lease Year of the Renewal Term shall be equal to the annual Fixed Rent for the last Lease Year of the initial Term and thereafter the annual Fixed Rent shall increase by five percent (5%) on the commencement of the second, fifth, and eighth Lease Year of the Renewal Term(s).

Appears in 1 contract

Samples: Lease (Eagle Supply Group Inc)

Fixed Rent. For the period commencing on the Lease Commencement Date until June 30, 2000, Tenant shall pay fixed rent ("Fixed Rent") for the Premises at the annual rate of Sixty Forty-Two Thousand and No/100 00/100 Dollars ($60,000.0042,000.00), payable in monthly installments of Three Thousand Five Thousand Hundred and No/100 00/1000 Dollars ($5,000.003,500.00) per month, payable on the first day of each month, up to and including June 1, 2000. For the Lease Year commencing on July 1, 2000, the annual Fixed Rent shall increase by five percent (5%) and the Fixed Rent, as so increased, shall be annual Fixed Rent until the Lease Termination Date. If Tenant exercises its option(s) to renew the term of this Lease pursuant to Section 4 of this Lease, the annual Fixed Rent for the first Lease Year of the Renewal Term shall be equal to the annual Fixed Rent for the last Lease Year of the initial Term and thereafter the annual Fixed Rent shall increase by five percent (5%) on the commencement of the second, fifth, and eighth Lease Year of the Renewal Term(s).

Appears in 1 contract

Samples: Lease (Eagle Supply Group Inc)

AutoNDA by SimpleDocs

Fixed Rent. For the period commencing on the Lease Commencement Date until June 30, 2000, Tenant shall pay fixed rent ("Fixed Rent") for the Premises at the annual rate of Sixty One Hundred Eight Thousand and No/100 00/100 Dollars ($60,000.00108,000.00), payable in monthly installments of Five Nine Thousand and No/100 00/100 Dollars ($5,000.009,000.00) per month, payable on the first day of each month, up to and including June 1, 2000. For the Lease Year commencing on July 1, 2000, the annual Fixed Rent shall increase by five percent (5%) and the Fixed Rent, as so increased, shall be annual Fixed Rent until the Lease Termination Date. If Tenant exercises its option(s) to renew the term of this Lease pursuant to Section 4 of this Lease, the annual Fixed Rent for the first Lease Year of the Renewal Term shall be equal to the annual Fixed Rent for the last Lease Year of the initial Term and thereafter the annual Fixed Rent shall increase by five percent (5%) on the commencement of the second, fifth, and eighth Lease Year of the Renewal Term(s).

Appears in 1 contract

Samples: Lease (Eagle Supply Group Inc)

Fixed Rent. For the period commencing on the Lease Commencement Date until June 30, 2000, Tenant shall pay fixed rent ("Fixed Rent") for the Premises at the annual rate of Sixty Forty Thousand Eight Hundred and No/100 00/100 Dollars ($60,000.0040,800.00), payable in monthly installments of Five Three Thousand Four Hundred and No/100 00/100 Dollars ($5,000.003,400.00) per month, payable on the first day of each month, up to and including June 1, 2000. For the Lease Year commencing on July 1, 2000, the annual Fixed Rent shall increase by five percent (5%) and the Fixed Rent, as so increased, shall be annual Fixed Rent until the Lease Termination Date. If Tenant exercises its option(s) to renew the term of this Lease pursuant to Section 4 of this Lease, the annual Fixed Rent for the first Lease Year of the Renewal Term shall be equal to the annual Fixed Rent for the last Lease Year of the initial Term and thereafter the annual Fixed Rent shall increase by five percent (5%) on the commencement of the second, fifth, and eighth Lease Year of the Renewal Term(s).

Appears in 1 contract

Samples: Lease (Eagle Supply Group Inc)

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