Rent and Other Consideration. The Government shall pay the Lessor annual rent of $[Insert Amount] (note: also state amount in words) at the rate of $[Insert Amount] (note: also state amount in words) per calendar month in arrears. Consideration for a lesser period shall be prorated. Rent shall be paid to Lessor by electronic funds transfer in accordance with the provisions of the General Clauses, GSA Form 3517B, attached hereto and made a part hereof as Exhibit C. Rent shall be payable to the payee designated by the Lessor in the System for Award Management (XXX). If the payee is different from the Lessor, both payee and Lessor must be registered and active in XXX. The Lessor shall provide to the Government, in exchange for the payment of the rental consideration, the following:
Rent and Other Consideration. In consideration for the leasing of the Real Property to the Corporation hereunder, the Corporation agrees (i) to pay to the County the sum of Thirty Dollars and 00/100 ($30.00) on the closing date of the Series 2020 Bonds as a prepayment of the Sub- Base Lease Rent for the term of this Sub-Base Lease and (ii) to fulfill its obligations with respect to the Project Facilities as provided in the Facilities Agreement.
Rent and Other Consideration. (a) Tenant, in consideration of the leasing of the Premises to Tenant by Landlord, hereby covenants and agrees to pay to Landlord the following base rent (hereinafter called the “Base Rent”) as, when and in the manner herein provided and subject to the terms, provisions and conditions herein set forth: Commencing on the execution of this Lease, and during the Term of the Lease, including the Renewal Terms (if Tenant shall elect to extend the Initial Term), Tenant shall pay Base Rent as follows: Annual Base Rent from the Rent Commencement Date and for the first five years of the Initial Term shall be One hundred twenty-five thousand and no/100 dollars ($125,000.00). Beginning with the sixth year from the Rent Commencement Date, and every five years thereafter until termination of this Lease, the annual Base Rent will be adjusted to an amount equal to the product of (a) the annual Base Rent paid during the immediately preceding five-year period and (b) the Consumer Price Index (CPI) for the last month of the immediately preceding five-year period divided by the CPI for July 2007. However, the amount by which the annual Base Rent will be adjusted at the beginning of every sixth year will be limited to the annual Base Rent for the immediately preceding five-year period multiplied by a minimum of 7.5% and a maximum of 11%. The CPI will be calculated using information from the U.S. city average CPI for all items, base period 1982-1984 = 100, series id CUUR0000SA0 (or equivalent series if the series id changes). Rent to be paid in quarterly installments with one quarter of the total annual payment due each quarter. For example, assume the annual Base Rent at the end of the fifth year was $125,000 per year, the CPI for July 2007 was 200, and the CPI for the last month of the fifth year was 216. The annual Base Rent for the next five years would be $135,000 ($125,000 multiplied by 216 divided by 200). If the CPI for the last month of the fifth year was 222, then the maximum increase of 11% would apply, such that the annual Base Rent for the next five years would be $138,750 ($125,000 multiplied by 111%). Base Rent for the first five years of the First Renewal Term (if such option is exercised by Tenant) shall be an amount equal to 8 ½% of appraised fair market value of the Land determined by taking the average of the values established by an MAI appraiser selected by Landlord, an MAI appraiser selected by Tenant, and an MAI appraiser selected by the other two MAI a...
Rent and Other Consideration. (a) On the Effective Date, Lessee shall pre-pay one hundred forty-four (144) months [twelve (12) years] of rent equaling $4,500,000 (Basic Rent) for the Premises to Lessor.
Rent and Other Consideration. (a) Tenant has paid Landlord as rent for the Term the sum of Sixty and 00/100 Dollars ($60.00) (representing $1.00 per year for each year of the Term), the receipt of which is hereby acknowledged by Landlord.
Rent and Other Consideration. In consideration for the leasing of the Real Property to the Corporation hereunder, the Corporation agrees to pay to the City the sum of Thirty Dollars ($30.00) as a prepayment of the Base Lease Rent of One Dollar per year for the term of this Base Lease. The payment required hereunder shall be made as provided in Sections 5.1(i)(a)(1) of the Indenture.
Rent and Other Consideration. As and for rental hereunder and in consideration for the leasing of the 2013 Real Property to the Corporation hereunder, the Corporation agrees (a) to pay an annual Base Lease Rent of One Dollar per year and (b) to fulfill its obligations with respect to the 2013 Facilities as provided in the Purchase and Use Agreement.
Rent and Other Consideration. In consideration for the conveyance of the Existing Facilities to the Corporation and the leasing of the Project Facilities Real Property to the Corporation hereunder, the Corporation agrees (i) to pay to the County $ , which represents an initial payment of Base Lease Rent which the County hereby covenants to apply to the acquisition of the real estate owned by the Commission, (ii) to pay to the County the sum of $40.00 as a prepayment of the annual Base Lease Rent of One Dollar per year for periods beginning on each July 1 and ending on each June 30 with an initial period beginning July 1, 2013, and ending on June 30, 2014, and (iii) to fulfill its obligations with respect to the Project Facilities as provided in the Facilities Agreement. The payments required hereunder shall be made as provided in Sections 5.1(c) and 5.3(e) of the Trust Agreement. The County and the Corporation agree that any amounts paid by the Corporation as its initial payment of Base Lease Rent which are not expended to pay for the acquisition of real property currently owned by the Commission to be included in this Base Lease as contemplated in the Ordinance will be applied to the costs of the Project Facilities.
Rent and Other Consideration. The Government shall pay the Lessor annual rent of [INSERT AMOUNT] DOLLARS AND [INSERT AMOUNT] CENTS ($[Insert Amount]) at the rate of [INSERT AMOUNT] DOLLARS AND [INSERT AMOUNT] CENTS ($[Insert Amount]) per calendar month in arrears. Annual Monthly Base Rent $ $ Operating Costs $ $ Total $ $ SAMPLE Consideration for a lesser period shall be prorated. Rent shall be paid to Lessor by electronic funds transfer in accordance with the provisions of the General Clauses, GSA Form 3517A, attached hereto and made a part hereof as Exhibit A. Rent shall be payable to the payee designated by the Lessor in the System for Award Management (XXX). If the payee is different from the Lessor, both payee and Lessor must be registered and active in XXX. The Lessor shall provide to the Government, in exchange for the payment of the rental consideration, the following:
Rent and Other Consideration. Section 4(a) of the Lease Agreement currently recites that: “On the Effective Date, Lessee shall pre-pay one hundred forty-four (144) months [twelve (12) years] of rent equaling $4,500,000 (Basic Rent) for the Premises to Lessor.” Lessor acknowledges that it has received such payment from Lessee, and that it has agreed to extend the term of the Lease Agreement, as provided for herein, without requiring that Lessee pay any additional Basic Rent to Lessor, in consideration of the economic benefits to be derived by Lessor from such an extension. Therefore, it is agreed between Lessor and Lessor that the $4,500,000 payment previously received from Lessee as Basic Rent for the Premises shall hereafter be considered to be a pre-payment by Lessee of Basic Rent for the entire term of the Lease, as extended hereby (i.e., for two hundred four (204) months [seventeen (17) years] of Basic Rent for the Premises).
