Fixed Minimum Rent definition

Fixed Minimum Rent means the annual rent specified in the preamble to this Lease, as increased in accordance with Article B-1.

Fixed Minimum Rent shall be the Fixed Minimum Rent specified above, payable monthly in advance on the first day of each month, without prior demand therefore and without any deduction or setoff whatsoever. In addition, Tenant covenants and agrees to pay Landlord all applicable sales or other taxes as set forth in Section II.5, which may be imposed on the above specified rents or payments hereinafter provided for to be received by Landlord when each such payment is made.

Fixed Minimum Rent means Annual Fixed Minimum Rent and/or Monthly Fixed Minimum Rent (as the case may be).

Examples of Fixed Minimum Rent in a sentence

• The total Fixed Minimum Rent for the Lease Term as specified in Item 9 of the Definitions shall be payable by Tenant as specified in Item 9 of the Definitions.

• Clonal disease foci of Monilinia fructicola during brown rot epidemics within peach tree canopies.

• If Tenant defaults under this Lease more than one (1) time in any twelve (12) month period, irrespective of whether such default is cured by Tenant or waived by Landlord, then, immediately upon demand by Landlord, Tenant shall immediately increase the Security Deposit to an amount equal to the greater of (a) three (3) times the amount set forth in Section 2.6 or (b) one-fourth (1/4th) of the then applicable annual Fixed Minimum Rent.

• If the damage or destruction of the Premises is so minor that the Premises remain fit for occupancy, then Landlord shall repair such damage or destruction as promptly as reasonably possible and there shall be no abatement of Fixed Minimum Rent as a result thereof.

• If less than fifteen percent (15%) of the Premises are appropriated or if Landlord does not exercise its termination right, then Landlord shall proceed with all reasonable speed to repair any damage to the Premises caused by the partial appropriation and Tenant shall be entitled to a reasonable adjustment in Fixed Minimum Rent accruing hereunder from the date of appropriation, proportionate to that part of the Premises so taken, as determined by Landlord.

More Definitions of Fixed Minimum Rent

Fixed Minimum Rent. The sum set forth in Article 4.

Fixed Minimum Rent in the amounts set forth below: Year Annual/SF Monthly Rent Annual Rent -------------------------------------------------------------------------------- Year 1 $ 57.00 $ 6,175.00 $74,100.00 Years 2-15 Annually increase the then existing Fixed Minimum Rent by three (3%) percent. Option 1 (years 16 - 20) The initial increase for Year 16 shall be the then existing Fixed Minimum Rent increased by the greater of three (3%) percent or the increase in the CPI from Year 1 through Year 15 as it would have been applied to the Year 1 Rent through Year 15 and with no other rent adjustment during that period of time. Beginning Year 17, Fixed Minimum Rent shall increase annually by three (3%) percent. Option 2 (years 21-25) Annually increase the then existing Fixed Minimum Rent by three (3%) percent. The "Years" referred to above are consecutive 12-month periods commencing on the Term Commencement Date (including as the first "month" in the first Year any partial calendar month at the beginning of the Term). Fixed Minimum Rent shall be paid in equal monthly installments, without notice, deduction or offset, in advance on or before the first day of each month during the Term; provided, however, if the Rent Commencement Date is not the first day of a calendar month, then Tenant shall pay to Landlord, on the Rent Commencement Date, a pro rata portion of the Fixed Minimum Rent for such partial calendar month, prorated based on a 30-day month.

Fixed Minimum Rent. The Fixed Minimum Rent shall be payable in equal monthly installments in advance beginning on the first day of the calendar month following the month in which the Commencement Date occurs (unless the Commencement Date falls on the first day of the month, in which case the Fixed Minimum Rent shall be payable on such first day) and continue thereafter for the entire term of the Lease. The first month's rent shall include all rent which has accrued from the Commencement Date. The Fixed Minimum Rent shall be as follows: Lease Year Monthly Rent Annual Rent Rent per s/f ---------- ------------ ----------- ------------ 1 $10,416.67 $125,000.00 $ 4.17 2 $20,833.33 $250,000.00 $ 8.34 3 $25,000.00 $300,000.00 $10.01 4-5 $27,125.00 $325,500.00 $10.86 6-8 $28,958.33 $347,500.00 $11.60 9-10 $29,708.33 $356,500.00 $11.90 Lease Year Monthly Rent Annual Rent Rent per s/f -------------------- ------------ ----------- ------------ Extension Term 11-15 $33,125.00 $397,500.00 $13.26 16-20 $36,926.67 $443,120.00 $14.79

Fixed Minimum Rent. One Hundred Fifty Three Thousand Nine Hundred Thirty Eight and Zero/100 Dollars ($153,938.00) for the first lease year, payable in equal monthly installments of Twelve Thousand Eight Hundred Twenty Eight and Seventeen/100 Dollars ($12,828.17).

Fixed Minimum Rent for the Subleased Premises shall be as follows, payable in monthly payments, in advance, commencing on the Sublease Commencement Date, without prior notice, demand or set-off. Monthly payments of Fixed Minimum Rent will be due on the first (1st) day of each month during the Sublease Term. Time Period Per Square Foot Monthly Payment Annual Payment Commencement Date to 8/31/16 $22.04 $25,710.42 $308,560.00 9/1/16 to 8/31/17 $22.59 $26,355.00 $316,260.00 9/1/17 to 8/31/18 $23.15 $27,008.33 $324,100.00 9/1/18 to Termination Date $23.73 $27,687.31 $332,247.72 6. Operating Expenses and Real Estate Taxes. Tenant shall pay to Landlord all Operating Expenses and Real Estate Taxes attributable to the Subleased Premises (based upon the relative size of the Subleased Premises in comparison to the Premises) in amounts as determined in the Prime Lease. Such amounts shall be due and payable on a monthly basis within twenty (20) days after receipt by Sublessee of an invoice for Operating Expenses or Real Estate Taxes from Sublessor.

Fixed Minimum Rent in Section A-1.04 of Rider A shall be deleted in its entirety and replaced with the following:

Fixed Minimum Rent means the annual rent calculated in accordance with Rider B."