Annual Basic definition

Annual Basic. Rent shall be payable in advance on the first day of each month of the Term in equal monthly installments, without notice, demand, abatement (except as otherwise specifically provided in this Lease), deduction or set-off. If the Term of this Lease shall commence on a day other than the first day of a month, the first payment shall include any prorated Annual Basic Rent for the period from the Lease Commencement Date to the first day of the first full calendar month of the Term.
View Source
Annual Basic. Rent: Lease Years 1-3: $79,690 ($6,640.83 per month); based upon a rental rate of $13.00 per rentable square foot. Lease Year 4: $82,142 ($6,845.16 per month); based upon a rental rate of $13.40 per rentable square foot. Lease Year 5: $84,594 ($7,049.50 per month); based upon a rental rate of $13.80 per rentable square foot.
View Source
Annual Basic. Rent: August 1, 1999 thru July 31, 2000 $3,862.08 per month based upon a rental rate of $13.00 per rentable square foot
View Source

Examples of Annual Basic in a sentence

  • Thereafter, the Annual Basic Rent, and Tenant’s Operating Expense Share and Tenant’s Tax Share shall be calculated based on the Net Rentable Area of the Leased Premises not so taken or condemned.

  • The Annual Basic Rent and Additional Rent shall be pro rated to the earlier of the termination of this Lease or such date as Tenant is required to vacate the Leased Premises by reason of the taking.

  • If this Lease is not terminated as a result of a partial taking of the Leased Premises, the Annual Basic Rent and Additional Rent shall be equitably adjusted according to the rentable area of the Leased Premises and Building remaining.

  • Landlord shall have the same remedies for the failure to pay Additional Rent as for the nonpayment of Annual Basic Rent.

  • Annual Basic Rent shall be due and payable in equal monthly installments on the first day of each calendar month during the Term, in advance.

  • Except where specifically set forth in this Lease, there shall be no abatement, set-off or deduction of Annual Basic Rent or Additional Rent due under this Lease.

  • Tenant acknowledges that, in addition to interest costs, the late payments by Tenant to Landlord of any Annual Basic Rent or other sums due under this Lease will cause Landlord to incur costs not contemplated by this Lease, the exact amount of such costs being extremely difficult and impractical to fix.

  • When an individual's presumption of social and/or economic disadvantage has been rebutted, his/her ownership and control of the firm cannot be used for purposes of DBE eligibility unless, and until, he/she makes an individual showing of social and/or economic disadvantage.

  • Annual Basic Rent shall be payable in advance on the first day of each month of the Term in equal monthly installments, without notice, demand, abatement (except as otherwise specifically provided in this Lease), deduction or set-off.

  • In such event, Tenant shall not be obligated to pay Annual Basic Rent or Additional Rent until the Commencement Date.

Related to Annual Basic

  • Annual Base Salary shall have the meaning set forth in Section 3(a).

  • Annual Base Rent means the business’s annual lease payment minus taxes, insurance and operating or maintenance expenses.

  • Annual Balanced Budget means that, in each Funding Year of the term of this Agreement, the total revenues of the HSP are greater than or equal to the total expenses, from all sources, of the HSP;

  • Accrual basis has the meaning set forth in Section 3.1(c).

  • Annual Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.