Common use of Types of Rental Payments Clause in Contracts

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: Lease Period Annual ANNUAL BASE LEASE PERIOD RENT MONTHLY BASE RENT The approximately seven (7) full calendar month period beginning on the Commencement Date No Base Rent Monthly shall be payable during this portion of the Term (Tenant shall still be required to pay its proportionate share of Operating Expenses from and after the Commencement Date) November 1, 2005 through March 31, 2007 $ 180,828 $ 15,069 April 1, 2007 – March 31, 2009 $ 186,372 $ 15,531 April 1, 2009 – March 31, 2011 $ 191,916 $ 15,993 The parties anticipate that the Landlord Improvements will be substantially completed prior to March 31, 2005. If the Commencement Date is other than March 31, 2005, the date on which Tenant’s obligation to commence paying 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 begins and the other dates set forth above shall be appropriately adjusted. Tenant shall also pay Tenant’s Proportionate Share (as set forth in Section 1.121.13) 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 XxxxxFirst Industrial, L.P., X.X. c/o First Industrial, L.P., P.X. Xxx 00000000000, XxxxxxXxxxxxx, XX, XX 00000-0000 0000, or if sent by overnight courier to courier, First National Bank One National Processing Corp.of Chicago, 00000 7th Floor Mailroom, 500 Xxxx Xx.Xxxxxx, Fort WorthXxxxxxx, Texas 76155 Attention XX 00000, Attention: First Industrial TexasIndustrial, LPL.P., PO Box 730816 Lockbox #70044 (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. Upon the Commencement Date, 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 of this Lease (the “Base Rent”) in the amounts and for the periods as set forth below: Base Rent Payments 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 Sq. Ft. Months 1-2 Abated Abated Abated Months 3-12 $229,421.40 $19,118.45 $3.90 Months 13-24 $235,304.00 $19,608.67 $4.00 Months 25-36 $241,186.60 $20,098.88 $4.10 Months 37-50 $247,069.20 $20,589.10 $4.20 Tenant shall also pay (a) Tenant’s Proportionate Share (as set forth in Section 1.121.10) of the Operating Expenses (as hereinafter defined), Tenant’s Proportionate Share of any and all Reserve Expenses (as hereinafter definedb) and 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 10 days of the date when due, a late charge in an amount equal to five percent (5% %) of the then monthly Base Rental commencing on the date when such delinquent installment of Base Rent and/or Additional Rent [amount was originally due (the “Late Charge”; ). For purposes of this Lease, the Late Charge, Default Interest (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, x/x TCRG Opportunity XVII, LLC, 0000 Xxxx Xxxxx Xxxxxxxxxx Xxxx, Xxxxx 000, Xxxx Xxxxx, L.P.XX 00000, X.X. Xxx 000000, Xxxxxx, XX, 00000-0000 or if sent by overnight courier courier, to Bank One National Processing Corp.TCRG Opportunity XVII, LLC, 0000 Xxxx Xxxxx Xxxx, Xxxxx 000, Xxxx Xxxxx, XX 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. No payment shall be deemed to have been made unless and until Landlord is in receipt of such payment. If, at any time during the Term, Tenant is in default of any of the terms of the Lease beyond any applicable cure period, then the amount of any abated Rent (including, but not limited to, Monthly Base Rent calculated at the rate of the Monthly Base Rent for the first month in which Base Rent became payable) and/or costs of tenant improvements advanced and/or reimbursed by Landlord shall immediately become due and payable by Tenant to Landlord. Tenant’s Proportionate Share set forth in Section 1.11 represents a fraction, the numerator of which is the rentable square feet in the Premises and the denominator of which is the rentable square feet in the Complex. In the event that either the rentable square feet in the Premises or the rentable square feet in the Complex is changed, Tenant's Proportionate Share shall be appropriately modified as of the day on which such change occurs. Notwithstanding the foregoing, with regard to the rentable square feet in the Premises and/or the rentable square feet in the Complex set forth in Section 1.4, both Landlord and Tenant acknowledge and confirm their mutual desire to have all financial obligations under this Lease fixed and liquidated so that they can account for and plan such obligations with greater certainty. Accordingly, the parties agree that all aspects of this Lease which are based in whole or in part upon rentable square feet in the Premises and/or the rentable square feet in the Complex set forth in Section 1.4 shall be deemed to be liquidated and shall not be subject to adjustment based upon inaccuracies and/or errors, if any, in estimating or calculating the rentable square feet in the Premises and/or the rentable square feet in the Complex set forth in Section 1.4.

Types of Rental Payments. Tenant shall pay net base rent to Landlord in monthly installments, in advance, on the first (1st) 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 October 1, 2006 — October 31, 2006 $-0- Additional rent due and payable ($2.78 sf) November 1, 2006 — September 30, 2007 $ 1,500.00 The Base Rent 03/01/05 escalates $0.50 per square foot for every twelve-consecutive month period during the Term over the Base Rent prevailing in the immediately preceding twelve-consecutive month period as follows: Lease Period Monthly Base Rent October 1, 2007 — 04/30/05 April 30, 2008 $ 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 1,600.00 Tenant shall also pay Tenant’s Proportionate Share (as set forth in Section 1.121.14) of Operating Expenses (as hereinafter defined), Tenant’s Proportionate Share of any and all Reserve Expenses (as hereinafter defineddefined under Section 3) 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 five (5) days of the date when due, a late charge in an amount equal to five percent (5% %) of the then then-delinquent installment of Base Rent and/or Additional Rent [(the “Late Charge”; ), [the Late Charge, Default Interest Rate (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, xc/x Xxxxx Xxxxxxxxxx Xxxxxo PRLM. Inc. P.X. Xxx 00000, L.P.Xx. Xxxxxxxxxx, X.X. Xxx 000000, Xxxxxx, XX, Xxxxxxx 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, agent (the “Agent”), or pursuant to such other directions as Landlord shall designate in this Lease or otherwise in writing.