Ground Rent. Provided this Lease is not terminated in accordance with the provisions of this Lease, Tenant shall pay monthly rent, without deduction, set-off, prior notice or demand, in the amount of One Thousand Dollars ($1,000.00) ("Ground Rent"). All Ground Rent shall be due and payable on the first day of each calendar month throughout the Term and any extension thereof. Ground Rent for any partial month shall be apportioned pro rata based on the actual number of days elapsed. All Ground Rent shall be paid to Landlord at the address to which notices to Landlord are given. Ground Rent payments will be credited toward the Purchase Price should Tenant elect to exercise the Purchase Option set forth in Section 16.
Appears in 1 contract
Sources: Ground Lease With Option to Purchase
Ground Rent. Provided this Lease is not terminated in accordance with the provisions of this Lease, Tenant shall pay monthly rent, without deduction, set-off, prior notice or demand, in the amount of One Thousand Eight Hundred Seventy Three Dollars and Thirty Two Cents ($1,000.00873.32) ("Ground Rent"). All Ground Rent shall be due and payable on the first day of each calendar month throughout the Term and any extension thereof. Ground Rent for any partial month shall be apportioned pro rata based on the actual number of days elapsed. All Ground Rent shall be paid to Landlord at the address to which notices to Landlord are given. Ground Rent payments will be credited toward the Purchase Price should Tenant elect to exercise the Purchase Option set forth in Section 16.
Appears in 1 contract
Sources: Ground Lease With Option to Purchase
Ground Rent. Provided this Lease is not terminated in accordance with the provisions of this Lease, Tenant shall pay monthly rent, without deduction, set-off, prior notice or demand, in the amount of One Thousand Six Hundred Three Dollars and Thirty Three cents ($1,000.00603.33) ("Ground Rent"). All Ground Rent shall be due and payable on the first day of each calendar month throughout the Term and any extension thereof. Ground Rent for any partial month shall be apportioned pro rata based on the actual number of days elapsed. All Ground Rent shall be paid to Landlord at the address to which notices to Landlord are given. Ground Rent payments will be credited toward the Purchase Price should Tenant elect to exercise the Purchase Option set forth in Section 16.
Appears in 1 contract
Sources: Ground Lease With Option to Purchase