Payment of Annual Rent. The Tenant must pay the Annual Rent by four equal instalments in advance on or before the Rent Payment Dates except that:
Payment of Annual Rent. Annual Rent shall be paid to Landlord In equal monthly installments payable in advance on the first day of each calendar month, with the first instalment (prorated to cover the number of days then remaining in the calendar month) to be paid on the Commencement Date (and the last instalment to be prorated to cover the number of days then remaining in the Term). The Deposit, as such term is defined In the Offer to Lease, shall be applied as provided in the Offer to Lease.
Payment of Annual Rent. Tenant shall pay the Annual Rent (as defined in the Key Term above) to Land Owner in a single payment, without setoff or deduction, at P.O. Xxx 0000, Xxxxx Xxxx, NB E2L 4M3, Attn. Property Manager, or at such other place as Land Owner may designate in writing, on or before commencement of the Term.
Payment of Annual Rent. (a) Xxxxxx agrees to pay to Landlord 1/12 of the Annual Rent on a monthly basis, without notice or demand, in advance, on or before the first day of each and every successive calendar month during the Lease Term, commencing on the Lease Term Commencement Date.
Payment of Annual Rent. A. Tenant shall pay Base Rent in the amount of Twenty Four Thousand and no/100th Dollars ($24,000) per month (Two Hundred Eighty-eight Thousand and no/100th Dollars [$288,000.00] per year) to Landlord in monthly installments in advance on or before the first day of each month.
Payment of Annual Rent. A. Tenant shall pay Minimum Ground Rent to Landlord in monthly installments in advance on or before the first day of each month during the Ground Lease Term. If the Commencement Date is not the first day of a month, Tenant shall pay the prorated portion of Minimum Ground Rent for the first partial month in advance on or before the Commencement Date. Minimum Ground Rent shall be prorated for any partial month.
Payment of Annual Rent. From and after the Commencement Date, and throughout the Term of this Agreement, City shall pay Annual Rent to ODF, in advance, on or before the Commencement Date, and then every fifteenth (15th) of July thereafter, without notice or demand and without offset or deduction except as specifically provided in this Agreement, and at ODF’s Address (as defined in Section 24.1 below). Annual Rent for any partial calendar year shall be prorated on a per diem basis, based on a 365-day calendar year.
Payment of Annual Rent. From the Commencement Date until the date of Project Opening, Annual Rent shall be paid in equal monthly installments, with each installment equal to
Payment of Annual Rent. From the Commencement Date until the date of Project Opening, Annual Rent shall be paid in equal monthly installments, with each installment equal to 1/12th of the applicable Minimum Rent. From and after the date of Project Opening, Annual Rent shall be paid on a monthly basis as provided in Section 5(a)(iii)(B). In the event the Commencement Date, the date of Project Opening, or the date the Term expires occurs on a date which is not the first day of a month, the relevant monthly installment of Annual Rent shall be prorated per diem, based on the number of days of such month included within the applicable Rent period. Payments of Annual Rent shall be subject to quarterly adjustment as provided in this subsection (c) in the event and to the extent Minimum Rent accruing for such quarterly period is exceeded by Percentage Rent (4% x AGR) accruing for such quarterly period. As used in this Lease, the term "Adjusted Gross Receipts" or "AGR" shall mean the gross receipts from licensed gambling games and devices less winnings paid to wagerers and the 20% tax paid to the State of Missouri pursuant to Section 318.822 of the Revised Missouri Statutes. In the event Percentage Rent exceeds Minimum Rent during any quarter, Tenant shall pay such difference to Landlord, as an adjustment to Minimum Rent, not later than 45 days after the end of each quarter. At the end of each Lease Year, Tenant shall be entitled to a credit against Rent next due to the extent of any overpayments of Percentage Rent made by Tenant during such Lease Year. Tenant shall report AGR to Landlord on a quarterly basis in accordance with the provisions of Section 13.
Payment of Annual Rent. In consideration of Tenant’s agreement to release the Prepaid Rent, the First Deposit and the Second Deposit to the Landlord to reimburse Landlord for planning and development of the NIMA Site, Tenant shall be given full credit in the amount of $2,500,000 against Minimum Rent due under the Lease. Beginning on the tenth day of the month after the third full month of operation and on or before the tenth day of each month thereafter until the full amount of the credit has been applied, the Tenant shall pay to Landlord the amount of One Hundred Sixty-Six Thousand Six Hundred Sixty-Six and 66/100 Dollars ($166,666.66) and thereafter Three Hundred Thirty-Three Thousand Three Hundred Thirty-Three and 33/100 Dollars ($333,333.33) per month until the end of the Term as Minimum Rent.”
