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 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
If Tenant occupies the Premises prior to the Commencement Date or for any partial month, then the Fixed Minimum Rent and all other charges hereunder for such period of occupancy prior to the Commencement Date or for such partial month shall be prorated on a daily basis based on a thirty (30) day month.
Monthly installments of Fixed Minimum Rent shall be payable to Landlord at the address of Landlord set forth in Section 8.11 hereof or at such other address as Landlord may, from time to time, direct.
If the Commencement Date shall be a date other than the first day of a calendar month, then Tenant shall pay on the Commencement Date, a pro rata portion of the monthly Fixed Minimum Rent, prorated on a per diem basis with respect to such fractional calendar month.
Tenant agrees to pay Landlord without any prior demand therefore and without any deduction or set-off whatsoever, and at a Fixed Minimum Rent, as shown in Section B below, plus applicable lease tax, if any, in advance on the first day of each calendar month.
If the Rent Commencement Date falls on a day other than the first day of a calendar month, the Fixed Minimum Rent for such month shall be prorated on a per diem basis, calculated on the basis of a thirty (30) day month.
More Definitions of Fixed Minimum Rent
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. 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. The Fixed Minimum Rent for each Lease Year is summarized as follows: Months Fixed Minimum Rent Per Month Suite 3126 Suite 3122* Months 1-6 $2,500.00** $ 940.00** Months 7-12 $5,000.00 $1,880.00 Months 13-24 $5,150.00 $1,936.40 Months 25-36 $5,304.50 $1,994.49 Months 37-39 $5,463.64 $2,054.33 *In accordance with Section 3.3, all Rent for Suite 3122 will a▇▇▇▇ until such time as Landlord delivers Suite 3122 to Tenant. **Provided that there is no Event of Default by Tenant under the Lease, one half of the Fixed Minimum Rent will be abated during the first six (6) months of the Lease Term. If, at any time during the Lease Term, there is an Event of Default by Tenant under the Lease, the abated Fixed Minimum Rent will become immediately due and payable. Tenant shall pay all Additional Rent during such period and throughout the Lease Term. ADVANCE RENT: $4,000.66 TENANT'S PROPORTIONATE SHARE FOR OPERATING COSTS: 12.95% (7.96% until such time as Landlord delivers Suite 3122 to Tenant) TENANT'S PROPORTIONATE SHARE FOR REAL ESTATE TAXES: 12.95% (7.96% until such time as Landlord delivers Suite 3122 to Tenant) SECURITY DEPOSIT: $15,838.84 TYPE OF GUARANTY: See Exhibit G attached. BROKER: Landlord – CB R▇▇▇▇▇▇ ▇▇▇▇▇ (A▇▇▇ ▇▇▇▇▇▇ and S▇▇▇▇▇ ▇▇▇▇▇) Tenant – Colliers International (J▇▇▇▇ ▇▇▇▇▇▇) PERMITTED USE: Research and development, light fabrication and ancillary office functions. PARKING SPACES: See Section 2.3 (Parking). The Basic Lease Information is incorporated into and made a part of this Lease. Each reference in this Lease to any information or definitions contained in the Basic Lease Information means and refers to the information and definitions set forth in the Basic Lease Information. References in this document to the term "Lease" mean the Basic Lease Information, the body of this Lease, and any Exhibits, Addenda, or Riders thereto. The provisions of the body of this Lease will be read to implement the Basic Lease Information.
Fixed Minimum Rent means the annual rent calculated in accordance with Rider B."
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. During Original Term and Option Term During the Original Term of ten (10) years the Fixed Minimum Rent not including electricity and cleaning shall be as follows: For the Period: To the last day of Rental Per From the first day of the month Square Foot of the month in which occurs: immediately preceding: Rentable Area: -------------------------- ---------------------- -------------- The commencement Date The First Anniversary $ 12.75* (pro-rated to exclude the of the Commencement Date period prior to the Commencement Date) The First Anniversary of The Second Anniversary $ 13.10* the Commencement Date of the Commencement Date The Second Anniversary of The Third Anniversary $13.40* the Commencement Date of the Commencement Date The Third Anniversary of The Fourth Anniversary $13.70* the Commencement Date of the Commencement Date The Fourth Anniversary of The Fifth Anniversary $14.00* the Commencement Date of the Commencement Date The Fifth Anniversary of The Sixth Anniversary $14.30* . the Commencement Date of the Commencement Date The Sixth Anniversary of The Seventh Anniversary $14.60* the Commencement Date of the Commencement Date The Seventh Anniversary of The Eighth Anniversary $14.90* The Commencement Date of the Commencement Date The Eighth Anniversary of The Ninth Anniversary $15.20* The Commencement Date of the Commencement Date The Ninth Anniversary of The Tenth Anniversary $15.50* The Commencement Date of the Commencement Date * Tenant at its sole cost and expense pays for electricity and janitorial. In addition, to be added to the monthly Fixed Minimum Rent Amount is the product of each outdoor Parking Space allotted to Tenant times .350.00.
Fixed Minimum Rent shall have the meaning set forth in Section 4.1, below. Hazardous Substances shall mean any and all substances, chemicals, materials or elements that are prohibited, limited or regulated by the Environmental Laws (defined above), including, but not limited to, common law, or any other substances, chemicals, materials or elements that are defined as "hazardous," "toxic," "pollutants, "contaminants," or otherwise regulated, under the Environmental Laws, or that are known or considered to be harmful to the health or safety of occupants or users of the Premises or adjacent property owners. The term Hazardous Substances shall also include any substance, chemical, material or element (i) defined as a "regulated substance" or "contaminant" under Act 2 (defined above); (ii) defined as a "regulated substance" under the RCRA (defined above), and regulations promulgated thereunder;