Common use of Types of Rental Payments Clause in Contracts

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.

Appears in 2 contracts

Samples: Natural Golf Corp, Natural Golf Corp

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Types of Rental Payments. Tenant shall pay rents of (a) modified net base rent payable to Landlord in monthly installments as set forth in SECTION 1.11 hereofinstallments, 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 ------------ ---------------- ----------------- Jan. 1, 2005 - Dec. 31, 2008 $441,795.96 (b$8.50/ft.) $36,816.33 Tenant shall also pay Tenant's Proportionate Share (as set forth in SECTION 1.12) of Operating Expenses (defined belowas hereinafter defined) and any other amounts owed by Tenant hereunder ([collectively, "ADDITIONAL RENT"); and (c) in ]. 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, to c/o First Industrial, L.P .L.P., 00 Xxxxxxxxxx Xxxxx, Xxxxx 0000, Xxxxxxx, Xxxxxxxx XX 00000-0000, or if sent by overnight couriercourier to, The Northern Trust CompanyFirst Industrial, 000 Xxxxx L.P., 00 Xxxxxxxxxx Xxxxx, Xxxxxxx Xxxxxx, Receipt and Dispatch, 0xx Xxxxx#0000, Xxxxxxx, Xxxxxxxx XX 00000, Attention: First industrial, L.P ., Suite 1449 ( -0000 (or such other entity designated as Landlord' s '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.

Appears in 2 contracts

Samples: Build a Bear Workshop Inc, Build a Bear Workshop Inc

Types of Rental Payments. Tenant shall pay rents of (a) net base rent payable to Landlord in monthly installments as set forth in SECTION 1.11 hereofinstallments, 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: Tenant Initial__________ Landlord Initial__________ LEASE PERIOD MONTHLY BASE RENT ------------ ----------------- 02-01-04 - 05-31-04 $ -0- 06-01-04 - 05-31-05 $42,216.10 06-01-05 - 05-31-06 $43,271.50 06-01-06 - 05-31-07 $44,353.29 06-01-07 - 05-31-08 $45,462.12 06-01-08 - 05-31-09 $46,598.68 Tenant shall also pay Tenant's Proportionate Share (as set forth in SECTION 1.14) of Operating Expenses (as hereinafter defined); and (b) , Tenant's Proportionate Share of Operating any and all Reserve Expenses (defined belowas hereinafter defined) and any other amounts owed by Tenant hereunder ([collectively, "ADDITIONAL RENT"); and (c) in ]. 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")] to FIRST INDUSTRIAL DEVELOPMENT SERVICES, to First Industrial, L.P INC., 00 Xxxxxxxxxx XxxxxXXXXXXXXXX XXXXX, Xxxxx XXXXX 0000, Xxxxxxx, Xxxxxxxx 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 ( 0000 (or such other entity designated as Landlord' s '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; PROVIDED HOWEVER, THAT ON THE FIRST TWO INSTANCES OF ANY SUCH DELINQUENCY IN ANY CALENDAR YEAR, NO SUCH LATE CHARGE SHALL APPLY IF PAYMENT IN FULL OF SUCH DELINQUENT INSTALLMENT IS RECEIVED BY LANDLORD NOT LATER THAN THE FIFTH (5TH) DAY FOLLOWING DELIVERY BY LANDLORD TO TENANT OF WRITTEN NOTICE OF SUCH DELINQUENCY (IT BEING ACKNOWLEDGED BY TENANT THAT ANY SUCH ADDITIONAL FIVE (5) DAY NOTICE AND CURE PERIOD SHALL BE APPLICABLE ONLY ON THE FIRST SUCH INSTANCE OF ANY SUCH DELINQUENT INSTALLMENT DURING ANY GIVEN CALENDAR YEAR AND THAT LANDLORD SHALL OTHERWISE HAVE NO OBLIGATION TO NOTIFY TENANT OF ANY SUCH DELINQUENCY).

Appears in 2 contracts

Samples: Asset Acceptance Capital Corp, Asset Acceptance Capital Corp

Types of Rental Payments. Tenant shall pay rents of (a) net base rent payable to Landlord in monthly installments as set forth in SECTION 1.11 hereofinstallments, 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 (b) Tenant's Proportionate Share of for the periods as set forth below: RENTAL PAYMENTS Annual Monthly Lease Base Base Period Rent Rent ------ ---------- ------------- Year 1 $1,218,725 See EXHIBIT E Year 2 1,218,725 $101,560 Year 3 1,218,725 101,560 Year 4 1,249,193 104,099 Year 5 1,280,423 106,702 Year 6 1,312,434 109,370 Year 7 1,345,244 112,104 Year 8 1,378,875 114,906 Year 9 1,413,347 117,778 Year 10 1,448,681 120,723 Tenant shall also pay all Operating Expenses (defined below) and any other amounts owed by Tenant hereunder (collectively, "ADDITIONAL RENT"); and (c) in . In the event any monthly installment of Base Rent or Additional Rent, or both, is not paid within 10 5 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 First Industrial, L.P .Landlord, 00 Xxxxxxxxxx Xxxxx, Xxxxx 0000, Xxxxxxx, Xxxxxxxx 00000-0000, or if sent by overnight courier, The Northern Trust CompanyCo., 000 Xxxxx X. Xxxxxxx Xxxxxx, Receipt and & Dispatch, 0xx Xxxxx, Xxxxxxx, Xxxxxxxx 00000, Attention: First industrialIndustrial, L.P .L.P., Suite 1449 ( (or such other entity designated as Landlord' s '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.

Appears in 1 contract

Samples: Advanced Lighting Technologies Inc

Types of Rental Payments. Tenant shall pay rents of (a) net base rent payable to Landlord in monthly installments as set forth in SECTION 1.11 hereofinstallments, in advance, on the first day of each and every calendar month during the Term of this Lease (the "BASE RENT"); “Base Rent”) in the amounts and (b) for the periods set forth below: Lease Period Annual Base Rent Monthly Base Rent 06/30/2003 – 12/31/2003 $ 29,142.00 $ 2,428.50 01/01/2004 – 06/30/2004 $ 58,284.00 $ 4,857.00 07/01/2004 – 06/30/2005 $ 60,036.00 $ 5,003.00 07/01/2005 – 06/30/2006 $ 61,860.00 $ 5,155.00 07/01/2006 – 09/30/2006 $ 63,924.00 $ 5,327.00 Tenant shall also pay Tenant's ’s Proportionate Share (as set forth in Section 1.12) of Operating Expenses (defined belowas 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"“Additional Rent”); and (c) in . In the event any monthly installment of Base Rent or Additional Rent, or both, is not paid within 10 7 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"“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")“Rent”] shall be paid by Tenant to Landlord, to c/o First Industrial, L.P .L.P., 00 Xxxxxxxxxx 20000 Xxxxxxx Xxxxx, Xxxxx 0000, Xxxxxxx, Xxxxxxxx XX 00000-0000, or if sent by overnight courier, The Northern Trust CompanyBank One of Chicago, 000 Xxxxx Xxxxxxx 500 Xxxx Xxxxxx, Receipt and Dispatch, 0xx XxxxxXxxxx xxxxxxxx, Xxxxxxx, Xxxxxxxx XX 00000, Attention: First industrial, L.P ., Suite 1449 ( Attn Lockbox 21129 (or such other entity designated as Landlord' s ’s management agent, if any, and if Landlord so appoints such a management agent, the "AGENT"“Agent”), or pursuant to such other directions as Landlord shall designate in this Lease or otherwise in writing.

Appears in 1 contract

Samples: Zars Inc/Ut

Types of Rental Payments. Commencing on the Rent Commencement Date, Tenant shall pay rents of (a) net base rent payable in monthly installments Annual Base Rent (as set forth in SECTION 1.11 Section 1.10 hereof), payable in monthly installments, in advance, on the first day of each and every calendar month during the Term term of this Lease (the "BASE RENT"“Base Rent”); and (b) Tenant's Proportionate Share of Operating Expenses Common Area Maintenance (defined below) “CAM”), Taxes, Insurance and any such other amounts owed by charges for services that Tenant hereunder may request or Landlord may incur, as provided in Sections 2.7, 3 and 10 herein that become due during the Term (collectively, "ADDITIONAL RENT"“Additional Rent”); and (c) in . In the event any monthly installment of Base Rent or Additional Rent, or both, Rent is not paid within 10 ten (10) days of the date when due, Tenant shall pay a late charge in an amount equal to of five (5% %) percent of the then delinquent installment of Base Rent and/or Additional Rent moneys due (the "LATE CHARGE"; “Late Charge”). Notwithstanding the foregoing, no more than once in each calendar year, Landlord shall waive the Late Charge, Charge if Tenant pays Rent within five (5) days following written notice from Landlord that such Rent was not received as required by this Section. The Base Rent and Additional Rent shall collectively be referred to as "RENT")“Rent”, and shall be payable to First IndustrialXxxxxx North, L.P ., 00 Xxxxxxxxxx Xxxxx, Xxxxx 0000, Xxxxxxx, Xxxxxxxx 00000-0000, or if sent by overnight courier, The Northern Trust CompanyLLC, 000 Xxxxx Xxxxxxx Xxxxxx- 0xx Xxx. Xx. #000, Receipt and DispatchXxxxxxxxxxx, 0xx Xxxxx, Xxxxxxx, Xxxxxxxx 00000, Attention: First industrial, L.P ., Suite 1449 ( XX 00000 (or such other entity designated as Landlord' s ’s management agent, if any, and if Landlord so appoints such a management agent, the "AGENT"the” Agent”), or pursuant to such other directions as Landlord shall designate in this Lease or otherwise in writing. In the event that any Rental shall be billed to Tenant other than on a monthly basis, Tenant shall have thirty (30) days from the date of receipt of the invoice therefore to pay the amount of said invoice. For purposes hereof, Rent, as of the Rent Commencement Date, shall equal the sum of $14.75 per square foot for Base Rent and (ii) Additional Rent as set forth in Articles 2.7, 3 and 10 below.

Appears in 1 contract

Samples: Acceptance Agreement (Qumu Corp)

Types of Rental Payments. Tenant shall pay rents of (a) net base rent payable to Landlord in monthly installments as set forth in SECTION 1.11 hereofinstallments, 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 ------------ ---------------- ----------------- Tenant shall also pay Tenant's Proportionate Share (as set forth in SECTION 1.12) of Operating Expenses (as hereinafter defined); and (b) , Tenant's Proportionate Share of Operating any and all Reserve Expenses (defined belowas hereinafter defined) and any other amounts owed by Tenant hereunder ([collectively, "ADDITIONAL RENT"); and (c) in ]. 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, to First IndustrialFIRST INDUSTRIAL, L.P .L.P., 00 Xxxxxxxxxx XxxxxC/O FIRST INDUSTRIAL, Xxxxx 0000L.P., XxxxxxxP.O. BOX 70044, Xxxxxxxx 00000CHICAGO, IL 60673-00000044, or if sent by overnight courierXX XX XXXX XX XXXXXXXXX XXXXXXX, The Northern Trust CompanyXXXXX XXXXXXXX XXXX XX XXXXXXX, 000 Xxxxx Xxxxxxx Xxxxxx0TH FLOOR MAILROOM, Receipt and Dispatch525 WEST MONROE, 0xx XxxxxCHICAGO, XxxxxxxIL 60661, Xxxxxxxx 00000ATTENTION: FIRST INDUSTRIAL, Attention: First industrialL.P., L.P ., Suite 1449 ( or such other entity XXXXXXX #00000 (xx xxxx xxxxx xntity designated as Landlord' s '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.

Appears in 1 contract

Samples: Research Inc /Mn/

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Types of Rental Payments. Tenant shall pay rents of (a) net base rent payable (the “Base Rent”) to Landlord in monthly installments as set forth in SECTION 1.11 hereofinstallments, in advance, on the first day of each and every calendar month during the Term Term, in the amounts and for the periods as set forth below: Lease Period Monthly Base Rent Base Rent Net of Abated Rent (If Applicable) * 6/1/2015 – 8/31/2015 $35,807.00 $0.00 9/1/2015 – 8/31/2016 $35,807.00 N/A 9/1/2016 – 8/31/2017 $36,791.69 N/A 9/1/2017 – 8/31/2018 $37,806.22 N/A 9/1/2018 – 8/31/2019 $38,850.60 N/A 9/1/2019 – 8/31/2020 $39,924.81 N/A 9/1/2020 – 8/31/2021 $41,028.85 N/A 9/1/2021 – 8/31/2022 $42,162.74 N/A 9/1/2022 – 8/31/2023 $43,326.47 N/A 9/1/2023 – 8/31/2024 $44,520.04 N/A 9/1/2024 – 8/31/2025 $45,743.44 N/A Monthly installments of Base Rent shall be conditionally abated as follows. Base Rent shall be abated 100% from June 1, 2015 through August 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 an Event of Default by Tenant occurs, then the abatement of Base Rent provided for in this provision shall immediately become 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 (the "BASE RENT"a) Tenant’s Proportionate Share (as set forth in Section 1.12) of Operating Expenses (as hereinafter defined); , and (b) Tenant's Proportionate Share of Operating Expenses (defined below) and any other amounts owed by Tenant hereunder (the sums described in (a) and (b), collectively, "ADDITIONAL RENT"“Additional Rent”); and (c) in . In the event any monthly installment of Base Rent or Additional Rent, or both, is not paid within 10 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"; “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")“Rent.” All Rent shall be paid by Tenant to Landlord, to First Industrialc/o Pewaukee Maple Grove, L.P .LLC , 00 Xxxxxxxxxx Xxxxx, Xxxxx X.X. Xxx 0000 XX 0000, XxxxxxxXxxxxxxxxxx, Xxxxxxxx XX 00000-0000, or if sent by overnight courier, The Northern Trust CompanyFIRST INDUSTRIAL SECURITIES, 000 Xxxxx Xxxxxxx XxxxxxLP, Receipt and Dispatch0000 XXXXXXXX XXXXX 0XX XXXXX, 0xx XxxxxXXXXXXX SERVICES 006380, XxxxxxxXXXXXXXXX, Xxxxxxxx 00000, Attention: First industrial, L.P ., Suite 1449 ( XX 00000 (or such other entity designated as Landlord' s ’s management agent, if any, and if Landlord so appoints such a management agent, the "AGENT"“Agent”), or pursuant to such other directions as Landlord shall designate in this Lease or otherwise in writing.

Appears in 1 contract

Samples: Spectranetics Corp

Types of Rental Payments. Tenant shall pay rents of (a) net base rent payable to Landlord in monthly installments as set forth in SECTION 1.11 hereofinstallments, 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 ------------ ---------------- ----------------- April 1, 2003 - July 31, 2003 $0.00 $0.00 August 1, 2003 - April 30, 2006 $233,852.70 $19,487.73 May 1, 2006 - September 30, 2008 $255,261.75 $21,271.81 Tenant shall also pay Tenant's Proportionate Share (as set forth in SECTION 1.12) of Operating Expenses (as hereinafter defined); and (b) , Tenant's Proportionate Share of Operating any and all Reserve Expenses (defined belowas hereinafter defined) and any other amounts owed by Tenant hereunder ([collectively, "ADDITIONAL RENT"); and (c) in ]. 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, to First IndustrialFIRST INDUSTRIAL, L.P .L.P., 00 Xxxxxxxxxx XxxxxC/O FIRST INDUSTRIAL, Xxxxx 0000L.P., XxxxxxxP.O. BOX 70044, Xxxxxxxx 00000CHICAGO, IL 60673-00000044, or if sent by overnight courierXX XX XXXX XX XXXXXXXXX XXXXXXX, The Northern Trust CompanyXXXXX XXXXXXXX XXXX XX XXXXXXX, 000 Xxxxx Xxxxxxx Xxxxxx0TH FLOOR MAILROOM, Receipt and Dispatch525 WEST MONROE, 0xx XxxxxCHICAGO, XxxxxxxIL 60661, Xxxxxxxx 00000ATTENTION: FIRST INDUSTRIAL, Attention: First industrialL.P., L.P ., Suite 1449 ( or such other entity XXXXXXX #00000 (xx xxxx xxxxx xntity designated as Landlord' s '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.

Appears in 1 contract

Samples: Vascular Solutions Inc

Types of Rental Payments. Tenant shall pay rents of (a) net base rent payable to --------------------------- Landlord in monthly installments as set forth in SECTION 1.11 hereofinstallments, 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 MONTHLY NET BASE ESTIMATED TOTAL ESTIMATED ------------ ---------------- --------- --------------- RENT ADDITIONAL RENT MONTHLY RENT --------------- ------------ March 29, 2005 - March 31, 2005 $0.00 $0.00 $0.00 April 1, 2005 - March 31, 2006 $786.24 $333.76 $1,120.00 April 1, 2006 - March 31, 2008 $831.04 $333.76 $1,164.80 Tenant shall also pay Tenant's Proportionate Share (as set forth in Section 1.12) of Operating Expenses (as hereinafter defined); and (b) , Tenant's Proportionate Share of Operating any and all Reserve Expenses (defined belowas hereinafter defined) and any other amounts owed by Tenant hereunder ([collectively, "ADDITIONAL RENT"); and (c) in ]. 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, to First IndustrialFR Development Services, L.P .Inc., 00 Xxxxxxxxxx Xxxxx, Xxxxx 0000, Xxxxxxx, Xxxxxxxx 00000-0000, 0000 or if sent by overnight courier, The Northern Trust CompanyFR Development Services, Inc., 000 Xxxxx X. Xxxxxxx XxxxxxXx., Receipt and Dispatch, & Dispatch - 0xx Xxxxx, Xxxxx #0000 Xxxxxxx, Xxxxxxxx 00000, XX 00000 Attention: First industrialFR Development Services, L.P .Inc., Suite 1449 ( 1066 (or such other entity designated as Landlord' s 's management agent, if any, and if Landlord so appoints such a management agent, the "AGENTAgent"), or pursuant to such other directions as Landlord shall designate in this Lease or otherwise in writing.

Appears in 1 contract

Samples: Data Call Technologies

Types of Rental Payments. Tenant shall pay rents of (a) net base rent payable in monthly installments as set forth in SECTION Section 1.11 hereof, in advance, on the first day of each and every calendar month during the Term of this Lease (the "BASE RENTBase Rent"); and (b) Tenant's Proportionate Share of Operating Expenses (defined below) and any other amounts owed by Tenant hereunder (collectively, "ADDITIONAL RENTAdditional 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 Rider 1A Preliminary Term The period commencing as of the date of this Lease and continuing through the Commencement Date, during which the Tenant shall have the right to build out the interior of the Building in accordance with the terms of this Lease and any Exhibits hereto. 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 CHARGELate Charge"; the Late Charge, Base Rent and Additional Rent shall collectively be referred to as "RENTRent"), to First Industrial, L.P .L.P., 00 Xxxxxxxxxx 00000 Xxxxxxx Xxxxx, Xxxxx 0000, Xxxxxxx, Xxxxxxxx Xxxxxxx XX 00000-0000, or if sent by overnight courier, The Northern Trust CompanyBank One of Chicago, 000 Xxxxx Xxxxxxx Xxxx Xxxxxx, Receipt and Dispatch0xx Xxxxx xxxxxxxx, 0xx Xxxxx, Xxxxxxx, Xxxxxxxx Xxxxxxx XX 00000, Attention: First industrialAttn Lockbox 21129, L.P ., Suite 1449 ( (or such other entity designated as Landlord' s 's management agent, if any, and if Landlord so appoints such a management agent, the "AGENTAgent"), or pursuant to such other directions as Landlord shall designate in this Lease or otherwise in writing.

Appears in 1 contract

Samples: Lease Agreement (MRS Fields Financing Co Inc)

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