Common use of Payment of Base Rent Clause in Contracts

Payment of Base Rent. Upon the execution of this Lease by Tenant, Tenant shall deliver the Rental Deposit to Landlord, to be applied, on the Rent Commencement Date, toward the first full monthly Base Rent payment then due hereunder. Thereafter, installments of Base Rent shall be paid monthly, in advance, without demand, notice, deduction, offset or counterclaim, on the first day of each month. All such installments for any partial month shall be prorated on a per diem basis. If the Rent Commencement Date occurs on other than the first (1st) day of a month, Base Rent from that date until the first (1st) of the next succeeding month will be prorated on the basis of the actual number of days in each such month and shall be payable in advance on the Rent Commencement Date.

Appears in 2 contracts

Samples: Deed of Lease (DTLR Holding, Inc.), Deed of Lease (DTLR Holding, Inc.)

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Payment of Base Rent. Upon the execution of this Lease by Tenant, Tenant shall deliver the Rental Deposit to Landlord, to and it shall be applied, applied on the Rent Commencement Date, Date toward the first full monthly Base Rent payment then due hereunder. Thereafter, installments of Base Rent shall be paid monthly, in advance, without demand, notice, deduction, offset or counterclaim, on the first day of each month. All such installments for any partial month shall be prorated on a per diem basis. If the Rent Commencement Date occurs on is other than the first (1st) day of a month, Base Rent from that date until the first (1st) of the next succeeding month will be prorated on the basis of the actual number of days in each such month and shall be payable in advance on the Rent Commencement Date.

Appears in 1 contract

Samples: Construction Agreement (Vocus, Inc.)

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Payment of Base Rent. Upon the execution of this Lease by Tenant, Tenant shall deliver the Rental Deposit to Landlord, and it shall immediately become the property of Landlord, to be applied, on the Rent Commencement Date, toward the first full monthly Base Rent payment then due hereunder. Thereafter, installments of Base Rent shall be paid monthly, in advance, without demand, notice, deduction, offset or counterclaim, on the first day of each month. All such installments for any partial month shall be prorated on a per diem basis. If the Rent Commencement Date occurs Term begins on other than the first (1st) day of a month, Base Rent from that date until the first (1st) of the next succeeding month will be prorated on the basis of the actual number of days in each such month and shall be payable in advance on the Rent Commencement Date.

Appears in 1 contract

Samples: Lease Agreement (Calbatech Inc)

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