Yearly Fixed Rent. Tenant shall pay to Landlord, without any set-off or deduction, at Landlord’s office, or to such other person or at such other place as Landlord may designate by notice to Tenant, the Yearly Fixed Rent set forth in Article 1. The Yearly Fixed Rent shall be paid in equal monthly installments in advance on or before the first Business Day of each calendar month during the Term of this Lease and shall be apportioned for any fraction of a month in which the Term Commencement Date or the last day of the Term of this Lease may fall.
Yearly Fixed Rent. 8 6.2 Taxes.............................................................................. 8 6.3
Yearly Fixed Rent. Tenant shall pay to Landlord, without any set-off or deduction (except as otherwise expressly provided herein), at Landlord’s office, or to such other person or at such other place as Landlord may designate by notice to Tenant, the Yearly Fixed Rent set forth in Article 1, provided however that, if Tenant duly exercises its option pursuant to Section 3.3 to extend the Term hereof, the Yearly Fixed Rent shall be increased effective as of the commencement of such extension period to reflect 95% of the fair market rental value of the Demised Premises for the balance of the Term of this Lease, taking into account (among other relevant criteria) rents charged for comparable office building space and Tenant’s obligations to pay Additional Rent and all other provisions of this Lease. In no event shall said fair market rental value take into account any improvements made by Tenant to the Demised Premises (except to the extent funded by Landlord’s Construction Contribution), nor the fact that Landlord has no obligation to refurbish or renovate the Demised Premises at any time prior to or during such extension period. Said fair market rental value shall be as determined in a notice given by Landlord to Tenant at least six (6) months prior to the commencement of such extension period, provided however that if Tenant notifies Landlord of its objection to said determination within ten (10) days after the giving of such notice by Landlord, and if Landlord and Tenant cannot mutually agree upon the same within seventy-five (75) days following receipt of Tenant’s objection, then in such event said fair market rental value shall be determined by appraisers, one to be chosen by Landlord, one to be chosen by Tenant, and a third to be selected by the two first chosen. All appraisers chosen or selected hereunder shall be independent of the parties, shall have received the M.A.I. (Member, Appraisal Institute) designation from the American Institute of Real Estate Appraisers and shall have had at least five (5) years of experience in appraising office space in the downtown section of the City of Boston. The unanimous written decision of the first two chosen, without selection and participation of a third appraiser, or otherwise the written decision of a majority of three appraisers chosen and selected as aforesaid, shall be conclusive and binding upon Landlord and Tenant. Landlord and Tenant shall each notify the other of its chosen appraiser within ten (10) days following expira...
Yearly Fixed Rent. Commencing on May 12, 2015 (subject to Landlord’s Consent as required per Section 22 below), Sublessee shall pay to Sublessor rent at an annual rate of $229,110.00 (“Fixed Rent”), in equal monthly installments of $19,092.50, in advance, on the first day of each calendar month during the Sublease Term. The first monthly installment shall be delivered to Sublessor by Sublessee upon execution of this Sublease. If the Sublease Term includes a partial calendar month at its beginning or end, the monthly installment of Fixed Rent for such partial month shall be prorated at the rate of 1/30 of the monthly installment for each day in such partial month within the Sublease Term and shall be payable in advance on the first day of such partial month occurring within the Sublease Term. The Fixed Rent shall be paid to Sublessor at its offices located at the address set forth in the opening paragraph hereof, or such other place as Sublessor may designate in writing, in lawful money of the United States of America, without demand, deduction, offset or abatement; provided, however, at Sublessor’s election, Sublessee shall pay installments of Fixed Rent directly to Landlord at Landlord’s address set forth in the Lease, and Sublessee shall, simultaneously with the payment of Fixed Rent to Landlord, send to Sublessor a copy showing each installment payment of Fixed Rent.
Yearly Fixed Rent. Commencing with the Term Commencement Date Sublessee shall pay to Sublessor, without any set-off or deduction, at Sublessor's office, or to such other person or at such other place as Sublessor may designate by notice to Sublessee, the Yearly Fixed Rent. The Yearly Fixed Rent shall be paid in equal monthly installments in advance on or before the first day of each calendar month during the Term of 14 this Sublease and shall be apportioned for any fraction of a month in which the Term Commencement Date or the last day of the Term of this Sublease may fall. For purposes of this Sublease, "Yearly Fixed Rent" shall equal $344,632.00 ($46.00 per rentable square foot) for each lease year of the Term. For purposes of this Sublease, the first lease year shall include the first twelve (12) calendar months of the Term, together with any partial month at the beginning of the Term. Successive lease years shall be comprised of succeeding periods of twelve (12) calendar months. Simultaneously with the execution of this Sublease, Sublessee shall deliver to Sublessor the first monthly installment of Yearly Fixed Rent.
Yearly Fixed Rent. Tenant shall pay Yearly Fixed Rent in installments equal to the Monthly Payment in advance on the first day of each month during the term hereof beginning as of the Rent Commencement Date. The Monthly Payment shall be prorated for portions of a calendar month during which the Rent Commencement Date or the Expiration Date may occur. All rent and other payments shall be made to Landlord or to such agent and at such place as Landlord shall from time to time in writing designate, the following being now so designated: c/o Xxxxx Xxxxxx & Associates, Post Xxxxxx Xxx 00, 0000 Xxxxxx Xxxxxx, Xxxxxx Xxxxxx, Massachusetts 02459. Any payment of Yearly Fixed Rent or any other sum payable hereunder not made within five (5) days from the date when due shall, at the option of Landlord, bear interest at a rate equal to 3% over the base rate in effect from time to time at Fleet National Bank in Boston from the due date thereof and shall be payable forthwith on demand by Landlord, as an additional charge. In addition, in the event that any installment of Yearly Fixed Rent is not paid when due, Tenant shall pay, in addition to any other charges under this paragraph, at Landlord’s request, an administrative fee equal to 1% of the overdue payment. If the first day on which Tenant must pay Yearly Fixed Rent shall be other than the first day of a calendar month, the first payment which Tenant shall make to Landlord shall be equal to a proportionate part of the monthly installment of Yearly Fixed Rent for the partial month from the first day on which Tenant must pay Yearly Fixed Rent to the last day of the month in which such day occurs.
Yearly Fixed Rent. Tenant shall pay to Landlord, without any set-off or deduction, except as otherwise provided herein, at Landlord's office, or to such other person or at such other place as Landlord may designate by notice to Tenant, the Yearly Fixed Rent as set forth below. All Yearly Fixed Rent shall be paid in equal monthly installments in advance on or before the first business day of each calendar month during the Term of this Lease and shall be apportioned for any fraction of a month in which the Commencement Date or the last day of the Term of this Lease may fall. The Yearly Fixed Rent and Monthly Installments during the Term of this Lease are as follows:
Yearly Fixed Rent. Subtenant shall pay to Sublandlord from and after December 20, 2004 (the “Rent Commencement Date”) to Sublandlord, as Yearly Fixed Rent, the amounts set forth below: Rental Period Yearly Fixed Rent Per Square Foot Yearly Fixed Rent Monthly Fixed Rent 12/20/04-7/31/05 $ 15.50 $ 161,588 $ 17,954.16 8/l/05-7/31/06 $ 16.00 $ 222,400 $ 18,533.33 8/1/06-7/31/07 $ 16.50 $ 229,350 $ 19,112.50 8/1/07-7/31/08 $ 17.00 $ 236,300 $ 19,691.66 8/1/08-7/31/09 $ 17.50 $ 243,250 $ 20,270.83 8/1/09-4/30/10 $ 18.00 $ 187,650 $ 20,850.00 Yearly Fixed Rent shall be paid to Sublandlord on the 30th day of each month during the term, commencing on the Rent Commencement Date, in advance, in equal monthly installments, without notice, offset, deduction (except as otherwise provided in this Sublease) or demand. Yearly Fixed Rent for any partial month during the term shall be pro rated on a per diem basis.
Yearly Fixed Rent. Tenant shall pay to Landlord, without any set-off or deduction, at Landlord's office, or to such other person or at such other place as Landlord may designate by notice to Tenant, the Yearly Fixed Rent set forth in Article 1. All Yearly Fixed Rent shall be paid in equal monthly installments in advance on or before the first business day of each calendar month during the Term of this Lease and shall be apportioned for any fraction of a month in which the Term Commencement Date or the last day of the Term of this Lease may fall.
