Rent; Net Lease. (a) Tenant covenants and agrees to pay to Landlord at its address as set forth in the preamble to this Lease or at such other place as Landlord shall from time to time designate in writing, during the Lease Term, the Base Rent, without holdback or set-off, in advance, commencing on the Rent Commencement Date and continuing thereafter on the first day of each calendar month during the Lease Term. All other items of Rent shall be paid, without holdback or set-off, in accordance with the terms of this Lease. If any payment of Rent is received by Landlord more than five (5) days after the date when such payment is due, a late charge of five percent (5%) of the past due payment shall be assessed, due and payable immediately and without notice.
Rent; Net Lease. Tenant agrees to pay Landlord at Xxxxxxxx's address or at such other place designated by Landlord by written notice to Tenant the Rent, in lawful money of the United States, in advance, without demand, off-set or deduction, on the first day of each calendar month of the Term hereof and in the event the Term commences or the date of expiration of this Lease occurs other than on the first day or the last day of a calendar month, the Rent for such month shall be prorated. This Lease is what is commonly called a "net lease," it being understood that Landlord shall receive the Rent free and clear of any and all impositions, taxes, liens, charges or expenses of any nature or kind whatsoever in connection with the ownership and operation of the Premises, including reimbursement of an asset management fee equal to two percent (2%) of the Rent. If Rent is not received as provided above, a late charge shall be payable by Xxxxxx as provided in Paragraph 13.4. In the event that a late charge is payable, whether or not collected, two times in any twelve month period, then Rent shall automatically become due and payable quarterly in advance, rather than monthly.
Rent; Net Lease. Tenant agrees to pay Landlord at Landlord's address, or at such other place designated by Landlord by written notice to Tenant, the Rent, in lawful money of the United States, in advance, without demand, off-set or deduction, on the first day of each calendar month of the Term hereof. In the event the Term commences or the date of expiration of this Lease occurs other than on the first day or the last day of a calendar month, the Rent for such month shall be prorated. This Lease is what is commonly called a "net lease"; it being understood that Landlord shall receive the Rent free and clear of any and all impositions, taxes, liens, charges or expenses of any nature or kind whatsoever in connection with the ownership and operation of the Premises. If Rent is not received as provided above and on or before the fifth day of each calendar month, a 6% late charge shall be payable by Tenant as provided in Paragraph 13.4 to compensate Landlord for expense incurred by Landlord for record keeping and collection. In the event that a late charge is payable, whether or not collected, three times in any twelve month period, then Rent shall automatically become due and payable quarterly in advance for the next twelve month period.
Rent; Net Lease. (a) Lessee shall pay to Lessor rent in respect of the lease of the Fixtures and Equipment the amount of One Hundred Fifty Thousand Dollars ($150,000) per annum during the Lease Term (“Rent”). Such amounts shall be paid by Lessee to Lessor in equal monthly installments of Twelve Thousand Five Hundred Dollars ($12,500) each, the first of which shall be due on the date hereof pursuant to Section 5 of the Letter Agreement. Each subsequent monthly installment of rent thereafter shall be due and payable on the first day of each calendar month during the Lease Term and shall be paid by check payable in U.S. Dollars to Lessor at its office specified pursuant to Section 11(b) below, or at such other location as Lessor shall specify. Rent for partial calendar months shall be prorated. In the event any rent or other amounts due hereunder shall not be paid within 5 days of the date when due, after notice from Lessor of such non-payment, Lessee shall pay Lessor, for the period during which such amount is past due following the expiration of such 5-day period, interest on such overdue amount from the expiration of such 5-day period to the date of payment at a rate of 6% per annum.
Rent; Net Lease. (a) The weekly rent payable by Lessee with respect to the Equipment (the "Rent") shall be the amount specified on Exhibit B. Lessee shall pay the Rent to Lessor, in arrears, for each week or any part thereof during which this Agreement is in effect. Rent shall be due and payable on or before Monday of each week, commencing with Monday of the week immediately following the week in which the Commencement Date occurs. All Rent shall be paid to Lessor at its address set forth in Exh (b) Lessee acknowledges that, except as otherwise expressly stated herein, this Agreement provides for a "net lease," it being the intention of the parties that all costs, expenses and liability associated with the Equipment and the purchase and lease of the Equipment (including, without limitation, charges payable under the maintenance agreement referred to in Section 11) shall be borne by Lessee unless otherwise expressly provided in this Agreement. Lessee's obligation to pay Rent, Impositions (as her
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Rent; Net Lease. The aggregate rent payable with respect to each item of Equipment shall be in the amount shown on the applicable Supplement and shall be determined as set forth in Rider A. Lessee shall pay to Lessor the aggregate rental for each item of Equipment for the full period and term for which such Equipment is leased, such rental to be payable at such times and in such amounts as shown in the applicable Supplement. Any payment not made when due shall bear late charges thereon calculated at the rate of 1 1/2% per month, but in no event greater than the highest rate permitted by applicable law. All rent shall be paid at Lessor's place of business shown above, or such other place as Lessor may designate by written notice to the Lessee. ALL RENTS SHALL BE PAID WITHOUT NOTICE OR DEMAND AND WITHOUT ABATEMENT, DEDUCTION OR SET OFF OF ANY AMOUNT WHATSOEVER. THE OPERATION AND USE OF THE EQUIPMENT SHALL BE AT THE RISK OF LESSEE AND NOT OF LESSOR AND THE OBLIGATION OF LESSEE TO PAY RENT HEREUNDER SHALL BE ABSOLUTE AND UNCONDITIONAL. This Lease is a net lease and operational expenses with respect to the Equipment are to be paid by Lessee. This Lease is irrevocable for the full term thereof as set forth in any Supplement and for the aggregate rentals set forth therein, and the rent shall not xxxxx by reason of termination of Lessee's right of possession and/or the taking of possession by Lessor or for any other reason.
Rent; Net Lease. Rent will be due and payable in advance with respect to each item of Equipment on the first day of each month, commencing on the Commencement Date, and shall continue until the return of such item of Equipment by Lessee to Lessor in accordance with the terms of this Lease, Charges, if any, from the date of acceptance by Lessee to the Commencement Date shall be at the daily rate of 1/30th of the monthly Rent and shall be payable in arrears on the Commencement Date. Xxxxxx acknowledges and agrees that (i) THIS IS A NET LEASE AND THAT ALL COSTS, EXPENSES AND LIABILITIES IN CONNECTION WITH THE EQUIPMENT SHALL BE BORNE BY XXXXXX, (ii) that Xxxxxx's obligation to pay Lessor all amounts due hereunder is absolute and unconditional, and (iii) Lessee shall not be entitled to any abatement, reduction, set-off, counterclaim, defense or deduction with respect to any Rent or other sum payable hereunder.
Rent; Net Lease. Lessee hereby covenants and agrees to pay to Lessor at the Lessor's address mentioned above, rent of $1.00 per year, which shall be due and payable on or before the first day of April of each lease year. Except as may otherwise be provided in this Lease, the parties intend that the rent to be paid to Lessor under this Lease shall be net to Lessor and that all costs and expenses relating to the Leased Premises or that may arise or become due during the term shall be borne entirely by Lessee, including, but not limited to, any real estate taxes attributable to the Leased Premises. The parties also agree and intend that such rent does not constitute the sole consideration for Lessor's lease of the Leased Premises, but that such consideration also includes all of Lessee's affirmative obligations hereunder.
Rent; Net Lease. Section 3.01.Commencing on the Rent Commencement Date, Tenant shall pay to Landlord annual fixed rent (the “Base Rent”), at Landlord’s offices first listed above or at such other place as Landlord may designate from time to time, in cash, or by check of Tenant drawn on a bank or trust company in the United States, in advance on the first day of each month during the Term, without counterclaim, set-off or deduction whatsoever (except as otherwise specifically set forth to the contrary in this Lease). Base Rent is due each day of the Term of the Lease commencing on the Rent Commencement Date, but Landlord and Tenant agree that for convenience, Base Rent shall be payable in equal monthly installments, in advance, on the first day of each month during the Term. In addition, Tenant shall pay to Landlord during the Term, at the place and in the manner set forth above, “Additional Rent” (as defined herein) as and when billed by Landlord therefor.
