Minimum Monthly Rent definition

Minimum Monthly Rent means the following amounts as to the following periods during the Term of this Lease: Period Monthly Amount ----------------------------------- -------------------- December 15, 1997 to April 30, 2001 $18,444.00 per month
Minimum Monthly Rent is payable in advance on the first day of each month of the Term at the Rent Payment Address or such other address specified by Landlord. If the Term commences on other than the first day of the month, the Rent for the first partial month shall be prorated accordingly. All Rent is payable in lawful money of the United States.
Minimum Monthly Rent. Months Minimum Monthly Rent 1 – 12 $ 23,683.20 13 – 24 $ 24,393.70 25 – 36 $ 25,125.51 37 – 48 $ 25,879.27 49 – 60 $ 26,655.65 The foregoing schedule starts as of the Commencement Date of the Term of this Lease.

Examples of Minimum Monthly Rent in a sentence

  • The Minimum Monthly Rent shall be an amount equal to one-twelfth (1/12) of the Minimum Annual Rent for the Extension Term and shall be paid at the same time and in the same manner as provided in the Lease.

  • The Minimum Monthly Rent shall apply from the Rent Commencement Date through the end of the fifth (5th) Lease Year of the Term.

  • Minimum Monthly Rent for any partial month shall be prorated at the rate of 1/30th of the Minimum Monthly Rent per day.

  • If this Lease continues in effect, the Minimum Monthly Rent shall be equitably adjusted, based upon the value of the Premises remaining after the Condemnation compared to the value of the Premises prior to Condemnation.

  • Notwithstanding anything to the contrary in this Section, the Minimum Monthly Rent payable by Tenant shall in no event be less than the Minimum Monthly Rent specified in Section 1.


More Definitions of Minimum Monthly Rent

Minimum Monthly Rent means Twenty-eight Thousand Five Hundred Twenty-five and 00/100ths Dollars ($28,525.00) per month during the Term of this Lease:
Minimum Monthly Rent means the base monthly rent payable in accordance with Section 4.2 below.
Minimum Monthly Rent. The Minimum Monthly Rent shall be as follows: Months Minimum Monthly Rent 1 – 12 $25,402.45 subject to abatement for the Rent Abatement Period as provided below 13 – 24 $26,164.52 25 – 36 $26,949.46 37 $27,757.94 The foregoing schedule starts as of the Commencement Date of the Term of the Lease. Landlord hereby agrees to abate Tenant's obligation to pay Minimum Monthly Rent for the first month of the Term (the "Rent Abatement Period"). Tenant acknowledges that any default by Tenant under this Lease will cause Landlord to incur costs not contemplated hereunder, the exact amount of such costs being extremely difficult and impracticable to ascertain, therefore, should Tenant at any time during the Term be in default after having been given notice and opportunity to cure, then the total unamortized sum of such abated Minimum Monthly Rent for the Rent Abatement Period (amortized on a straight line basis over the initial Term of this Lease) so conditionally excused shall become immediately due and payable by Tenant to Landlord; provided, however, Tenant acknowledges and agrees that nothing in this subparagraph is intended to limit any other remedies available to Landlord at law or in equity under applicable law (including, without limitation, the remedies under Civil Code Section 1951.2 and/or 1951.4 and any successor statutes or similar laws), in the event Tenant defaults under this Lease beyond any applicable notice and cure period.
Minimum Monthly Rent means the following amounts as to the following periods during the Term of this Lease:
Minimum Monthly Rent. The Minimum Monthly Rent shall be the following amounts during the following periods: Minimum Monthly Rent Per Minimum Monthly Rent Based Rentable Square Foot ("RSF) on Initial Estimate of Premises RSF Period (Not Subject to Revision) (Subject to Revision per Section 2.2) ------ ------------------------- ------------------------------------- From the Commencement Date to and including 8/31/01 $2.05 per RSF per month $55,446 per month From 9/1/01 to and including 8/31/02 $2.12 per RSF per month $57,339 per month From 9/1/02 to and including 8/31/03 $2.20 per RSF per month $59,503 per month From 9/1/03 to and including 8/31/04 $2.27 per RSF per month $61,396 per month From 9/1/04 to and including 8/31/05 $2.35 per RSF per month $63,560 per month From 9/1/05 to and including 8/31/06 $2.44 per RSF per month $65,994 per month From 9/1/06 to and including 8/31/07 $2.52 per RSF per month $68,158 per month From 9/1/07 to and including 8/31/08 $2.61 per RSF per month $70,592 per month
Minimum Monthly Rent. The Minimum Monthly Rent shall be the following amounts for the following periods (subject to adjustment pursuant to Section 2.2): Period Minimum Monthly Rent From the Commencement Date to and including 8/31/03 $66,925 per month From 9/1/03 to and including 8/31/04 $69,267 per month From 9/1/04 to and including 8/31/05 $72,038 per month From 9/1/05 to and including 8/31/06 $74,920 per month From 9/1/06 to and including 8/31/07 $77,916 per month From 9/1/07 to and including 8/31/08 $81,033 per month From 9/1/08 to and including 8/31/09 $84,274 per month From 9/1/09 to and including 8/31/10 $87,645 per month From 9/1/10 to and including 8/31/11 $91,151 per month From 9/1/1 to and including 8/31/12 $94,797 per month
Minimum Monthly Rent. $7,909.00 per month for the first Lease Year, as provided in Article 4. The Minimum Monthly Rent shall be increased on the first day of the second (2nd) Lease Year and each first day of each succeeding Lease Year as follows: 08/01/09 — 07/31/10: $8,268.50 per month