Minimum Annual Rental. The minimum annual rental shall be one hundred sixty dollars ($160) for any area up to one hundred sixty (160) acres, and one dollar ($1) for each additional acre. (2-7-91)
Minimum Annual Rental. Tenant, in consideration of said demise, does hereby covenant and agree with Landlord to pay to Landlord, without deduction or set-off of any kind, the sum of [SEE ADDENDA] DOLLARS ($SEE ADDENDA) per annum as minimum annual rental (the "Minimum Annual Rental") for said leased premises. The Minimum Annual Rental shall be payable in twelve (12) equal monthly installments, in advance, without notice or invoice from Landlord, upon the first day of each and every month during the term hereof, commencing upon the date on which rental is determined to commence under the provisions of ARTICLE 3 hereof and ending upon the termination date of this lease. In the event such rental shall be determined under the provisions of ARTICLE 3 hereof to commence on a day other than the first day of a month, then the Minimum Annual Rental for the period from such commencement date until the first day of the month next following shall be prorated accordingly. All past due rentals, additional rentals, and/or other sums due to Landlord under the terms of this lease shall bear interest at the rate of 18%, from the due date thereof until paid by Tenant. All ROY X. XXXXX xxx W. M. XXXXX d/b/a PADRE STAPLES MALL 5488 PADRE STAPLES MALL CORPUS CHRISTI, TEXAS 78411 or to such other payee or address as Landlord may designate, in writing, to Tenant. Notwithstanding anything to the contrary contained in this lease, in order to cover the extra expense involved in handling delinquent payments, Tenant, at Landlord's sole option, shall pay a "late charge" of $200.00 when any installment of rent (basic percentage or other, as may be considered additional rental under this lease) is received at the address listed above more than five (5) days after. It is hereby understood that this amount is charged as additional rent, and not as penalty or interest, for the purpose of defraying Landlord's expenses incident to the processing of such overdue payments.
Minimum Annual Rental. Tenant shall pay the sum specified in Section 1. 12 ("Minimum Annual Rental") in the monthly installments specified, in advance, on or before the first (1st) day of each month, without prior demand and without offset or deduction, commencing on the Commencement Date. Should the Commencement Date be a day other than the first (1st) day of a calendar month, then the monthly installment of Minimum Annual Rental for the first partial month shall be equal to one-thirtieth (1/30th) of the monthly installment of Minimum Annual Rental for each day from the Commencement Date to the end of the partial month.
Minimum Annual Rental. A. Until adjusted pursuant to Paragraph 4D hereof, Tenant shall pay as minimum rent for the Demised Premises the sum of Forty-Three Thousand Five Hundred Seventy-Six ($43,576.00) annually which is Eight Dollars ($8.00) per square foot of rentable area (the "Minimum Annual Rental"). Such Minimum Annual Rental (as may be adjusted annually pursuant to Paragraph 4D hereof) shall be payable during the term hereof, in advance, in equal monthly installments, together with all sales, use or other taxes based thereon (including, but not limited to the tax imposed by Florida Statutes 212.03), and any other state, federal or other governmental or quasi-governmental tax, service tax, license fee or other imposition levied on the Rents received by Landlord, all of which shall collectively be referred to hereafter as "Sales Tax." The first installment of Minimum Annual Rental shall be payable on the Rental Commencement Date and payment of Minimum Annual Rental shall continue to be payable on the first (1st) day or each successive month thereafter. Until otherwise adjusted pursuant to Paragraph 4D hereof, the monthly installments shall be Three Thousand Six Hundred Thirty-One and 33/100 Dollars ($3,631.33), provided Tenant is not in default hereunder.
Minimum Annual Rental. 24 (a) From and after the Rental Commencement Date, Tenant shall pay to Landlord as the
Minimum Annual Rental. Effective upon the Rent Commencement Date, Minimum Annual Rental hereunder shall be as set forth in Section 1.01(h) and payable in monthly installments in advance, without set off, on the first day of each month throughout the Lease Term at the office of Landlord, as set forth in Section 1.01(b), or at such other place designated by Landlord, without any prior demand. Minimum Annual Rental for any fractional month shall be prorated and payable in advance. A Fifty Dollar ($50.00) handling fee will be imposed on all Tenant checks returned to Landlord for insufficient funds, and all future payments due shall be made with certified funds or a cashiers check.
Minimum Annual Rental tenant shall pay as rental for the use and occupancy of the premise the minimum annual rental as set forth specified in Section 1(e) and Rider 1a, payable in advance, in twelve (12) equal monthly installments during each lease year, on the first day of each month without offset or deduction, except the first payment shall be made upon execution of this Lease. Should the Commencement Date be on a day other than the first day of a month, the rental for such fractional month shall be computed on a daily basis for the period from the Commencement Date to the end of such month, at an amount equal to one three-hundred-sixtieth (1/360) of the minimum annual rental for each day in such fractional month and shall be paid on the Commencement Date.
Minimum Annual Rental. Section 1.06
Minimum Annual Rental. (a) Tenaxx xxxees to pay as rental for the use and occupancy of the Demised Premises the Minimum Annual Rental specified in ARTICLE 1 hereof, in twelve (12) equal monthly installments during each year, in advance, on the first day of each calendar month, without notice or demand and without setoff or deduction, commencing on the "Rent Start Date," which shall be the earlier of (i) the Commencement Date specified in ARTICLE 1, or (ii) when Tenant opens the Demised Premises for business. Should the Minimum Annual Rental commence on a day other than the first day of a calendar month, then the Minimum Annual Rental for such first fractional month shall be computed on a daily basis for the period from the day of commencement to the end of such calendar month and at an amount equal to one-three hundred sixtieth (1/360th) of the Minimum Annual Rental for each such day (and the breakpoints used in calculating Percentage Rental shall be similarly prorated), and thereafter shall be computed and paid as aforesaid. Notwithstanding anything contained herein to the contrary, if, as of the Rent Start Date, tenants comprising seventy percent (70%) of the leaseable space in the Shopping Center, including the movie theatre ("Opening Threshold"), are not open for business, Tenant shall be obligated to open to the public for business within thirty (30) days thereafter, but shall be entitled to pay five percent (5%) gross sales in lieu of Minimum Annual Rental until the Opening Threshold has been met.
Minimum Annual Rental. Subject to any periods of beneficial occupancy or ramps set forth in this Section, Tenant agrees to pay to Landlord minimum annual rental in the amount of $318,600.00, payable in monthly installments of $26,550.00 each, calculated at $2.25 per square foot (the “Base Rent”), in advance on the first day of each month during the Term. On the first anniversary of the Commencement Date, and each anniversary of the Commencement Date thereafter, the Base Rent shall increase by an amount equal to three percent (3.0%) of the Base Rent for the prior twelve months of the Term. All Base Rent and other charges payable hereunder by Tenant to Landlord shall be made to Landlord at the address set forth above, or other address provided by Landlord to Tenant. Tenant shall commence payment of Base Rent for the period beginning May 1, 2014 and shall have ramped billing for Base Rent in accordance with the following schedule through January 31, 2015: Ramped Billing Schedule Months During the Ramp Period Monthly Base Rent Commencement Date – May 1, 2014 $0 May 1, 2014 – June 30, 2014 $ 3,982.50 (15% of Base Rent) July 1, 2014-October 31, 2014 $7,965.00 (30% of Base Rent) November 2014 $13,275.00 (50% of Base Rent) December 2014 $18,585.00 (70% of Base Rent) January 2015 $23,895.00 (90% of Base Rent)
