MINIMUM RENT; ADDITIONAL RENT Sample Clauses

MINIMUM RENT; ADDITIONAL RENT. On the first day of each month during the Term of this Lease, Lessee shall pay to the Lessor, as a minimum monthly rental, without deduction or offset or demand, the sum of Sixty Five Thousand One Hundred Sixty Six and 67/100 Dollars ($65,166.67), payable in advance and prorated for the first month in which the Effective Date falls. Rent shall become payable as of the Effective Date. Payment of rent shall be made to Lessor at the address provided in Section 15 hereof, or at such other address as Lessor may from time to time designate by written notice to Lessee. This Lease shall be a “Triple Net Lease” and Lessee recognizes and acknowledges, notwithstanding terms or provisions to the contrary provided for herein and without limiting the generality of the other terms or provisions of this Lease, that it is the intent of the parties hereto that any and all rent in this Lease provided to be paid by Lessee to Lessor, shall be net to Lessor, and any and all expenses incurred in connection with the Premises, or in connection with the operations thereon, including but not limited to any administrative expenses, management services, outside professional services, all taxes, assessments, general or special license fees, insurance premiums, public utility bills and costs of repair, maintenance and operation of the Premises and all buildings, structures, roofs, permanent fixtures and other improvements comprised therein, together with the appurtenances thereto, shall be paid by Lessee, in addition to the minimum monthly rental provided for herein.
Sample 1
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MINIMUM RENT; ADDITIONAL RENT. From and after the Lease Commencement Date, and continuing thereafter during each year during the Term, Lessee shall pay to Lessor minimum rent (“Minimum Rent”) in accordance with the following schedule: Period Annual Minimum Rent/Square Foot Annual Minimum Rent Monthly Minimum Rent Months 1 through 4 $0.00 $0.00 $0.00 Months 5 through 16 2. 50 $416,000.04 $34,666.67 Months 17 through 28 $2.56 $425,984.04 $35,498.67 Months 29 through 40 $2.63 $437,631.96 $36,469.33 Months 41 through 52 $2.69 $447,615.96 $37,301.33 Months 53 through 64 $2.76 $459,264.00 $38,272.00 Months 65 through 76 $2.83 $470,912.04 $39,242.67 Months 77 through 88 $2.90 $482,559.96 $40,213.33 Months 89 through 100 $2.97 $494,208.00 $41,184.00 Months 101 through 112 $3.05 $507,519.96 $42,293.33 Months 113 through 124 $3.12 $519,168.00 $43,264.00 Within fifteen (15) days after the Lease Commencement Date, Lessee shall execute and deliver to Lessor a letter of understanding acknowledging (i) the Lease Commencement Date of this Lease, (ii) the Termination Date of this Lease, and (iii) that Lessee has accepted the Leased Premises and Lessor’s Work in the form of Lease Commencement Memorandum attached hereto as Exhibit “C”, incorporated herein by reference, subject to any incomplete items of Lessor’s Work identified in such Lease Commencement Memorandum. Failure to execute such Lease Commencement Memorandum, however, shall not render this Lease null and void. Minimum Rent shall be divided into equal monthly installments, and such monthly installments shall be due and payable in advance on the first day of each month. If the Lease Commencement Date is a day other than the first (1st) day of a month or the Termination Date is a day other than the last day of a month, then Minimum Rent for the partial calendar month during the Term shall be prorated on a per diem basis at the rate of one-thirtieth (1/30th) of the applicable full monthly installment of Minimum Rent. Lessee shall pay any such prorated installment of Minimum Rent for the partial month at the beginning of the Term (i.e., Month 5) in advance on the Lease Commencement Date.
Sample 1
MINIMUM RENT; ADDITIONAL RENT. From and after the Lease Commencement Date, and continuing thereafter during each year during the Lease Term, Lessee shall pay to Lessor minimum rent (“Minimum Rent”) in accordance with the following schedule, subject to adjustment as set forth in Section 17 of this Lease: Period Minimum Rent/Square Foot/Year Annual Minimum Rent Monthly Minimum Rent Months 1 through 12 $2.75/year $ 1,001,000.04 $ 83,416.67 Months 13 through 16 $0.00/year $ 0.00 $ 0.00 Months 17 through 64 $2.75/year $ 1,001,000.04 $ 83,416.67 Months 65 through 124 $3.15/year $ 1,146,600.00 $ 95,550.00 Minimum Rent shall be divided into equal monthly installments, and such monthly installments shall be due and payable in advance on the first day of each month. If the Lease Commencement Date is a day other than the first (1st) day of a month, then Minimum Rent from the Lease Commencement Date until the first (1st) day of the following month shall be prorated on a per diem basis and Lessee shall pay such prorated installment of Minimum Rent in advance on the Lease Commencement Date.
Sample 1
MINIMUM RENT; ADDITIONAL RENT 
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Related to MINIMUM RENT; ADDITIONAL RENT

  • Base Rent and Additional Rent Tenant shall pay to Landlord the following amounts as rent for the Premises:

  • Minimum Rent The defined term “Minimum Rent” set forth in Section 1.66 of the Lease is deleted in its entirety and replaced with the following:

  • Additional Rent In addition to Base Rent, Tenant agrees to pay to Landlord as additional rent (“Additional Rent”): (i) Tenant’s Share of “Operating Expenses” (as defined in Section 5), and (ii) any and all other amounts Tenant assumes or agrees to pay under the provisions of this Lease, including, without limitation, any and all other sums that may become due by reason of any default of Tenant or failure to comply with the agreements, terms, covenants and conditions of this Lease to be performed by Tenant, after any applicable notice and cure period.

  • Base Rent Lessee shall pay Base Rent and other rent or charges, as the same may be adjusted from time to time, to Lessor in lawful money of the United States, without offset or deduction, on or before the day on which it is due under the terms of this Lease. Base Rent and all other rent and charges for any period during the term hereof which is for less than one full month shall be prorated based upon the actual number of days of the month involved. Payment of Base Rent and other charges shall be made to Lessor at its address stated herein or to such other persons or at such other addresses as Lessor may from time to time designate in writing to Lessee.

  • Monthly Rent The rent payable pursuant to Paragraph 5.A., as adjusted from time to time pursuant to the terms of this Lease.

  • Additional Rental Lessee shall pay and discharge, as additional rental (“Additional Rental”), all sums of money required to be paid by Lessee under this Lease which are not specifically referred to as Rental. Lessee shall pay and discharge any Additional Rental when the same shall become due, provided that amounts which are billed to Lessor or any third party, but not to Lessee, shall be paid within thirty (30) days after Lessor’s demand for payment thereof or, if later, when the same are due. In no event shall Lessee be required to pay to Lessor any item of Additional Rental that Lessee is obligated to pay and has paid to any third party pursuant to any provision of this Lease.

  • Basic Rent The periodic rent payable for the Aircraft throughout the Basic Term pursuant to Section 3.02 of the Lease, adjusted pursuant to Article 3 of the Lease. Basic Term. The period commencing at the beginning of the day on the Delivery Date and ending at the end of the day on July 15, 2023, or such earlier date on which the Lease shall be terminated as provided therein.

  • Fixed Rent Tenant agrees to pay to Landlord, on the Rent Commencement Date, and thereafter monthly, in advance, on the first day of each and every calendar month during the Original Lease Term, a sum equal to one-twelfth (1/12th) of the Annual Fixed Rent specified in Section 1.1 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, as agent of Landlord. All remittances received by BOSTON PROPERTIES LIMITED PARTNERSHIP, as agent as aforesaid, or by any subsequently designated recipient, shall be treated as a 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 shall be 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. Additional Rent payable by Tenant on a monthly basis, as elsewhere provided in this Lease, likewise shall be prorated, and the first payment on account thereof shall be determined in similar fashion and 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 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 made in this Lease shall be paid by Tenant to Landlord without setoff, deduction or abatement.

  • Minimum Rental Beginning with the Commencement Date and continuing through the Expiration Date or earlier termination of this Lease, Tenant shall pay Minimum Rental in accordance with the schedule set forth in Section 1(g) in equal monthly installments each in advance on or before the first day of each month. If the Commencement Date is a date other than the first day of a calendar month, the Minimum Rental shall be prorated daily from such date to the first day of the next calendar month and paid on or before the Commencement Date.

  • Minimum Monthly Rent 3.1.1 Tenant agrees to pay to Landlord a Minimum Monthly Rent, initially in the amount set forth in the Basic Provisions, during each month of the Term of this Lease. Minimum Monthly Rent for a period constituting less than a full month shall be prorated on the basis of a thirty (30)-day month.

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