Common use of Fixed Rental Clause in Contracts

Fixed Rental. As fixed rental, the Tenant shall pay to the Landlord at the address set forth in Paragraph 1(a) above, or to such other person or at such other place as the Landlord may from time to time designate, without previous demand therefor and without counterclaim, deduction or set-off, the sum set forth in Paragraph 1 (e) above, which sum shall be payable in equal monthly installments as set forth in Paragraph 1(e) above in advance on the first day of the month during the term of the Lease, except the first month's rent and estimated expense rent shall be paid upon the execution hereof. Whenever the rent as hereinabove set forth is stated as an annual rent and if there shall be less than twelve (12) months in any year, the rate therein referred to shall be the "annualized rate." The rental of paragraph 1(e) is computed on the basis of the Premises having 26,823 square feet. Either Landlord or Tenant shall have the right, during the first 30 days of the Lease, to measure the Demised Premises, and if the Demised Premises so measured is more or less than 26,823 square feet, then the rent and Tenant's Share shall be adjusted proportionately to reflect the plus or minus. The Premises shall be measured by measuring from the exterior portion of the outside wall of the building to center line of interior demising walls.