Types of Rental Payments. Tenant shall pay rents of (a) net base rent payable in monthly installments as set forth in SECTION 1.11 hereof, in advance, on the first day of each and every calendar month during the Term of this Lease (the "BASE RENT"); and (b) Tenant's Proportionate Share of Operating Expenses (defined below) and any other amounts owed by Tenant hereunder (collectively, "ADDITIONAL RENT"); and (c) in the event any monthly installment of Base Rent or Additional Rent, or both, is not paid within 10 days of the date when due, a late charge in an amount equal to 5% of the then delinquent installment of Base Rent and/or Additional Rent (the "LATE CHARGE"; the Late Charge, Base Rent and Additional Rent shall collectively be referred to as "RENT"), to First Industrial, L.P ., 00 Xxxxxxxxxx Xxxxx, Xxxxx 0000, Xxxxxxx, Xxxxxxxx 00000-0000, or if sent by overnight courier, The Northern Trust Company, 000 Xxxxx Xxxxxxx Xxxxxx, Receipt and Dispatch, 0xx Xxxxx, Xxxxxxx, Xxxxxxxx 00000, Attention: First industrial, L.P ., Suite 1449 ( or such other entity designated as Landlord' s management agent, if any, and if Landlord so appoints such a management agent, the "AGENT"), or pursuant to such other directions as Landlord shall designate in this Lease or otherwise in writing.
Types of Rental Payments. Tenant shall pay net base rent to Landlord in monthly installments, in advance, on the first day of each and every calendar month during the Term of this Lease (the “Base Rent”) in the amounts and for the periods as set forth below: Rental Payments
Types of Rental Payments. Tenant shall pay net base rent to Landlord in monthly installments, in advance, on the first day of each and every calendar month during the Term of this Lease (the “Base Rent”) in the amounts and for the periods as set forth below: Rental Payments Lease Period Annual Base Rent Monthly Base Rent Year 1 $ 647,965 $ 53,997 Year 2 $ 647,965 $ 53,997 Year 3 $ 687,426 $ 57,286 Year 4 $ 687,426 $ 57,286 Year 5 $ 729,291 $ 60,774 Year 6 $ 729,291 $ 60,774 Year 7 $ 773,704 $ 64,475 Year 8 $ 773,704 $ 64,475 Year 9 $ 820,823 $ 68,402 Year 10 $ 820,823 $ 68,402 Year 11 $ 870,811 $ 72,568 Year 12 $ 870,811 $ 72,568 Year 13 $ 923,844 $ 76,987 Year 14 $ 923,844 $ 76,987 Year 15 $ 980,106 $ 81,676 Year 16 $ 980,106 $ 81,676 Year 17 $ 1,039,794 $ 86,650 Year 18 $ 1,039,794 $ 86,650 Year 19 $ 1,103,118 $ 91,927 Year 20 $ 1,103,118 $ 91,927 Tenant shall also pay all Operating Expenses (defined below) and any other amounts owed by Tenant hereunder (collectively, “Additional Rent”). In the event any monthly installment of Base Rent or Additional Rent, or both, is not paid within ten (10) days of the date when due, a late charge in an amount equal to 5% of the then-delinquent installment of Base Rent and/or Additional Rent (the “Late Charge”; the Late Charge, Default Interest, as defined in Section 21.3 below, Base Rent and Additional Rent shall collectively be referred to as “Rent”) shall be paid by Tenant to Landlord. Landlord and Tenant agree that (a) such Late Charge and Default Interest are intended to compensate Landlord for additional administrative charges and other damages incurred by Landlord on account of such late payment and do not constitute a penalty, (b) the actual damages to be suffered by Landlord in the event of a late payment of Rent shall be difficult, if not impossible, to ascertain, and (c) that such Late Charge and Default Interest are a reasonable estimate of such charges and damages. Tenant shall deliver all Rent payments to Landlord at: c/o First Industrial, L.P, X.X. Xxx 000000, Xxxxxxxxx, Xxxxx Xxxxxxxx 00000-0000, or if sent by overnight courier, First Industrial, L.P., XX Xxxxxx Xxxxx, 000 Xxxxxx Xxxx, Xxxxx 000, Xxxxxxxxx, Xxxxx Xxxxxxxx 00000, Attn: FILP Lockbox 905654 (or to such other entity designated as Landlord’s management agent, if any, and if Landlord so appoints such a management agent, the “Agent”), or pursuant to such other directions as Landlord shall designate in this Lease or otherwise to Tenant not less than thirty (30) days in ...
Types of Rental Payments. Tenant shall pay rents of (a) net base rent payable in monthly installments as set forth in Exhibit "B" attached hereto (the "Net Base Rent"), in advance, on the first day of each and every calendar month during the term of this Lease; (b) all costs, expenses and charges of every nature relating to, or incurred in connection with, the ownership and operation of the Premises and that are attributable to, or become due, during the Term ("Additional Rent"); and (c) in the event that any monthly installment of Net Base Rent is not paid within ten (10) days of the date when due, a late charge in an amount equal to five percent (5%) of the then-delinquent installment of Net Base Rent (the "Late Charge"; the Net Base Rent, Additional Rent and Late Charge shall collectively be referred to as "Rent"). All Rent shall be paid to First Industrial, L.P., P.O. Xxx 00000, Xxxxxxx, Xxxxxxxx 00000- 0021 (or to such other entity designated as Landlord's management agent, if any, and if Landlord so appoints such a management agent, the "Agent"), or pursuant to such other directions as Landlord shall designate in this Lease or otherwise. (SEE SPECIAL STIPULATION 1)
Types of Rental Payments. Tenant shall pay net base rent to Landlord in monthly installments, in advance, on the first day of each and every calendar month during the Term of this Lease (the “Base Rent”) in the amounts and for the periods as set forth below: Rental Payments Lease Period Annual Base Rent Monthly Base Rent Year 1 $ 1,298,460 $ 108,205 Year 2 $ 1,298,460 $ 108,205 Year 3 $ 1,298,460 $ 108,205 Year 4 $ 1,377,936 $ 114,828 Year 5 $ 1,405,500 $ 117,125 Year 6 $ 1,433,616 $ 119,468 Year 7 $ 1,462,284 $ 121,857 Year 8 $ 1,491,528 $ 124,294 Year 9 $ 1,521,360 $ 126,780 Year 10 $ 1,551,792 $ 129,316 Year 11 $ 1,582,824 $ 131,902 Year 12 $ 1,614,480 $ 134,540 Year 13 $ 1,646,772 $ 137,231 Year 14 $ 1,679,712 $ 139,976 Year 15 $ 1,711,104 $ 142,592 Tenant shall also pay all Operating Expenses (defined below) and any other amounts owed by Tenant hereunder, including amounts owed by Tenant pursuant to the Tri-Party Agreement (defined in Section 4.4 below) (collectively, “Additional Rent”). In the event any monthly installment of Base Rent or Additional Rent, or both, is not paid within 10 days of the date when due, a late charge in an amount equal to 5% of the then delinquent installment of Base Rent and/or Additional Rent (the “Late Charge”; the Late Charge, Default Interest, as defined in Section 22.3 below, Base Rent and Additional Rent are collectively be referred to as “Rent”), shall be paid by Tenant to Landlord, c/o First Industrial, L.P., 00 Xxxxxxxxxx Xxxxx, Xxxxx 0000, Xxxxxxx, XX 00000-0000 or if sent by overnight courier, The Northern Trust Company, 000 Xxxxx Xxxxxxx Xxxxxx, 0xx Xxxxx Receipt and Dispatch, Xxxxxxx, XX 00000 Attn: First Industrial Development Services, Inc., Suite 1066 (or such other entity designated as Landlord’s management agent, if any, and if Landlord so appoints such a management agent, the “Agent”), or pursuant to such other directions as Landlord shall designate in this Lease or otherwise in writing.
Types of Rental Payments. Tenant shall pay net base rent to Landlord in monthly installments, in advance, on the first day of each and every calendar month during the Term of this Lease (the “Base Rent”) in the amounts and for the periods set forth below: Lease Period Annual Base Rent Monthly Base Rent Per Square Foot Base Rent 03/01/05 — 04/30/05 $ 0.00 $ 0.00 $ 0.00 05/01/05 — 04/30/06 $ 112,236.75 $ 9,353.06 $ 2.25 05/01/06 — 04/30/07 $ 124,707.50 $ 10,392.29 $ 2.50 05/01/07 — 04/30/08 $ 137,178.25 $ 11,431.52 $ 2.75 Tenant shall also pay Tenant’s Proportionate Share (as set forth in Section 1.12) of Operating Expenses (as hereinafter defined), Tenant’s Proportionate Share of any and all Reserve Expenses (as hereinafter defined) and any other amounts owed by Tenant hereunder [collectively, “Additional Rent”]. In the event any monthly installment of Base Rent or Additional Rent, or both, is not paid within 10 days of the date when due, a late charge in an amount equal to 5% of the then delinquent installment of Base Rent and/or Additional Rent [the “Late Charge”; the Late Charge, Default Interest (as defined in Section 22.3 below), Base Rent and Additional Rent shall collectively be referred to as “Rent”] shall be paid by Tenant to Landlord, x/x Xxxxx Xxxxxxxxxx Xxxxx, L.P., X.X. Xxx 000000, Xxxxxx, XX, 00000-0000 or if sent by overnight courier to Bank One National Processing Corp., 00000 Xxxx Xx., Fort Worth, Texas 76155 Attention First Industrial Texas, LP, PO Box 730816 or such other entity designated as Landlord’s management agent, if any, and if Landlord so appoints such a management agent, the “Agent”), or pursuant to such other directions as Landlord shall designate in this Lease or otherwise in writing.
Types of Rental Payments. Tenant shall pay net base rent to Landlord in monthly installments, in advance, on the first day of each and every calendar month during the Term of this Lease (the “Base Rent”) in the amounts and for the periods set forth below for each of the Premises described herein: PHASE 1 PREMISES (28,576 sq. ft.) Lease Period Annual Base Rent Monthly Base Rent Annual Amt. PSF 3/16/03-3/31/04 $ 65,724.80 $ 5,477.07 $ 2.30 4/1/04-3/31/05 $ 71,440.00 $ 5,953.33 $ 2.50 4/1/05-3/31/06 $ 77,155.20 $ 6,429.60 $ 2.70 4/1/06-3/31/07 $ 82,870.40 $ 6,905.87 $ 2.90 4/1/07-7/31/08 $ 88,585.60 $ 7,382.13 $ 3.10 PHASE II PREMISES (31,740 sq. ft.) Lease Period Annual Base Rent Monthly Base Rent Annual Amt. PSF Phase II Premises Commencement Date – 4/30/06 $ 88,872.00 $ 7,406.00 $ 2.80 5/1/06 – 7/31/08 $ 95,220.00 $ 7,935.00 $ 3.00 PHASE III PREMISES (100,621 sq. ft.) Lease Period Annual Base Rent Monthly Base Rent Annual Amt. PSF Phase III Premises Commencement Date – 7/31/04 $ 276,707.76 $ 23,058.98 $ 2.75 8/1/04-7/31/05 $ 281,738.76 $ 23,478.23 $ 2.80 8/1/05-7/31/06 $ 286,769.88 $ 23,897.49 $ 2.85 8/1/06-7/31/07 $ 291,800.88 $ 24,316.74 $ 2.90 8/1/07-7/31/08 $ 296,832.00 $ 24,735.00 $ 2.95 Tenant shall also pay Tenant’s Proportionate Share (as set forth in Section 1.12) of Operating Expenses (as hereinafter defined) and any other amounts owed by Tenant hereunder [collectively, “Additional Rent”]. In the event any monthly installment of Base Rent or Additional Rent, or both, is not paid within five (5) business days after Tenant’s receipt of notice from Landlord that such payment is past due, Landlord may charge Tenant a late charge equal to 4% of the then delinquent installment of Base Rent and/or Additional Rent [the “Late Charge”; the Late Charge, Default Interest (as defined in Section 22.3 below), Base Rent and Additional Rent shall collectively be referred to as “Rent”) shall be paid by Tenant to Landlord as Additional Rent. Tenant shall pay Rent to Landlord at the following address: c/o First Industrial, L.P., 00 Xxxxxxxxxx Xxxxx, Xxxxx 0000, Xxxxxxx, XX 00000-0000, or if sent by overnight courier, Northern Trust Receipt & Dispatch, 000 X. Xxxxxxx Xxxxxx, 0xx Xxxxx, Xxxxx 0000, Xxxxxxx, XX 00000, Attention: First Industrial L.P., Lockbox #1444, (or such other entity designated as Landlord’s management agent, if any, and if Landlord so appoints such a management agent, the “Agent”), or pursuant to such other directions as Landlord shall designate in this Lease or otherwise ...
Types of Rental Payments. Tenant shall pay net base rent (the “Base Rent”) to Landlord in monthly installments, in advance, on the first day of each and every calendar month during the Term, in the amounts and for the periods as set forth below: Lease Period Monthly Lease Rent 3/29/2014 — 4/30/2014 $0.00 * 5/1/2014 — 4/30/2015 $2,533.85 5/1/2015 — 5/31/2015 $0.00 ** 6/1/2015 — 5/31/2016 $2,635.21 6/1/2016 — 5/31/2017 $2,707.60 6/1/2017 — 5/31/2018 $2,780.00 6/1/2018 — 5/31/2019 $2,852.40 Monthly installments of Base Rent shall be conditionally abated as follows. * Base Rent shall be abated 100% from March 29, 2014 through April 30, 2014, such that Base Rent shall be $0.00 per month. ** Base Rent shall be abated 100% from May 1, 2015 through May 31, 2015, such that Base Rent shall be $0.00 per month, subject to all terms of this Section 2. Notwithstanding such abatement of Base Rent, all other sums due under the Lease, including Additional Rent and sales tax (if applicable), shall be payable as provided in the Lease. The abatement of Base Rent provided for in this provision is conditioned upon Tenant’s full and timely performance of all of its obligations under the Lease. If at any time during the Lease Term and Event of Default by Tenant occurs, then the abatement of Base Rent provided for in this provision shall immediately become null and void, and Tenant shall promptly pay to Landlord, in addition to all other amounts due to Landlord under the Lease, the full amount of all Base Rent herein abated. Tenant shall also pay (a) Tenant’s Proportionate Share (as set forth in Section 1.12) of Operating Expenses (as hereinafter defined), and (b) any other amounts owed by Tenant hereunder (the sums described in (a) and (b), collectively, “Additional Rent”). In the event any monthly installment of Base Rent or Additional Rent, or both, is not paid within 5 calendar days of the date when due, a late charge in an amount equal to 5% of the then delinquent installment of Base Rent and/or Additional Rent (the “Late Charge”) shall be imposed with respect to the then-delinquent Rent (as defined below) payment. For purposes of this Lease, the Late Charge, Default Interest, as defined in Section 22.3 below, Base Rent and Additional Rent shall collectively be referred to as “Rent.” All Rent shall be paid by Tenant to Landlord, c/o First Industrial, L.P. , X.X. Xxx 00000-0000 , Xxxxxxxx, XX 00000-0000, or if sent by overnight courier, PNC BANK X/X XXXXX XXXXXXXXXX XX, 000 X. XXXXXXXX STREET, SUITE 16...
Types of Rental Payments. Beginning on the Commencement Date (subject to the provisions of this Section 2.2), Tenant shall pay net annual base rent of $251,849.28 to Landlord in equal monthly installments of $20,987.44, in advance, on the first day of each and every calendar month during the Term of this Lease (the “Base Rent”). Beginning on the Commencement Date, Tenant shall also pay Tenant’s Proportionate Share of Operating Expenses (as hereinafter defined) and any other amounts owed by Tenant hereunder (collectively, “Additional Rent”). In the event any monthly installment of Base Rent or Additional Rent, or both, is not paid when due, Tenant shall pay to Landlord a late charge in an amount equal to 5% of the then delinquent installment of Base Rent and/or Additional Rent (the “Late Charge”; the Late Charge, Default Interest (as defined in Section 22.3 below), Base Rent and Additional Rent shall collectively be referred to as “Rent”). All Rent shall be payable to Landlord at the address set forth in Section 25 hereof or such other address as may be provided upon thirty (30) days prior written notice from Landlord to Tenant. Tenant shall pay the second monthly installment of Base Rent upon the execution of this Lease. Landlord grants Tenant Base Rent for the first month of this Lease waived provided that Tenant has made previously agreed upon dock door improvements.
Types of Rental Payments. Tenant shall pay (a) Monthly Base Rent as set forth in Section 1.11 hereof, in advance, commencing on the Commencement Date (prorated for a partial month, if applicable) and on the first day of each and every calendar month thereafter during the Term of this Lease (the “Base Rent”); and (b) Tenant’s Share of Operating Expenses (defined below) and any other amounts owed by Tenant hereunder (collectively, “Additional Rent”); and (c) in the event any monthly installment of Base Rent or Additional Rent, or both, is not paid within 15 days of the date when due, a late charge in an amount equal to 5% of the then delinquent installment of Base Rent and/or Additional Rent (the “Late Charge”; the Late Charge, Base Rent and Additional Rent shall collectively be referred to as “Rent”), to Landlord, at the notice address set forth in Section 24.2 (or such other entity designated as Landlord’s management agent, if any, and if Landlord so appoints such a management agent, the “Agent”), or pursuant to such other directions as Landlord shall designate in this Lease or otherwise in writing.
