RENTS AND FEES PAYABLE TO CITY. A. Tenant agrees to pay to the CITY, monthly in advance, without right of abatement or setoff, on or before the first (1st) day of each month, Premises Rent, plus any sales or use tax imposed thereon, and any fees and charges, with the first such payments due on the Commencement Date and further prorated for the number of days remaining in the current month. Premises Rent shall be twenty-five cents ($0.25) per square foot per annum adjusted on each anniversary of the Commencement Date based on the net change of the Consumer Price Index (CPI), or similar successor index then currently being used by CITY. The square foot calculation shall include an apron surrounding the footprint of the Tenant Improvements of not less than five (5) feet in all directions. In no event shall the Premises Rent be adjusted downward during the Term of this Lease.
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Samples: Ground Lease, Ground Lease
RENTS AND FEES PAYABLE TO CITY. A. Tenant X. Xxxxxx agrees to pay to the CITY, monthly in advance, without right of abatement or setoff, on or before the first (1st) day of each month, Premises Rent, plus any sales or use tax imposed thereon, and any fees and charges, with the first such payments due on the Commencement Date and further prorated for the number of days remaining in the current month. Premises Rent shall be twenty-five cents ($0.25) per square foot per annum adjusted on each anniversary of the Commencement Date based on the net change of the Consumer Price Index (CPI), or similar successor index then currently being used by CITY. The square foot calculation shall include an apron surrounding the footprint of the Tenant Improvements of not less than five (5) feet in all directions. In no event shall the Premises Rent be adjusted downward during the Term of this Lease.
Appears in 1 contract
Samples: Ground Lease
RENTS AND FEES PAYABLE TO CITY. A. Tenant agrees to pay to the CITY, monthly in advance, without right of abatement or setoff, on or before the first (1st) day of each month, Premises Rent, plus any sales or use tax imposed thereon, and any fees and charges, with the first such payments due on the Commencement Date and further prorated for the number of days remaining in the current month. Premises Rent shall be twenty-five cents ($0.25) per square foot per annum adjusted on each anniversary of the Commencement Date based on the net change of the Consumer Price Index (CPI), or similar successor index then currently being used by CITY. The square foot calculation shall include an apron surrounding the footprint of the Tenant Improvements of not less than five (5) feet in all directions. In no event shall the Premises Rent be adjusted downward during the Term of this Lease.
Appears in 1 contract
Samples: Ground Lease
RENTS AND FEES PAYABLE TO CITY. A. Tenant agrees to pay to the CITY, monthly in advance, without right of abatement or setoff, on or before the first (1st) day of each month, Premises Rent, plus any sales or use tax imposed thereon, and any fees and charges, with the first such payments due on the Commencement Date and further prorated for the number of days remaining in the current month. Premises Rent shall be twenty-five cents ($0.250.12) per square foot per annum adjusted on each anniversary of the Commencement Date based on the net change of the Consumer Price Index (CPI), or similar successor index then currently being used by CITY. The square foot calculation shall include an apron surrounding the footprint of the Tenant Improvements of not less than five (5) feet in all directions. In no event shall the Premises Rent be adjusted downward during the Term of this Lease.. In the event such possession, use, and occupancy of the Premises or any
Appears in 1 contract
Samples: Ground Lease