Annual Minimum Rent. Annual minimum rent for the Property (“Minimum Rent”) shall be Two Hundred Thousand and 00/100 ($200,000.00) Dollars per annum, payable in consecutive monthly installments of Fifty Thousand and 00/100 ($50,000.00) Dollars beginning on the first day of January, 2006, and continuing on the first day of February March and April without deduction or set-off, at the office of the Landlord. In subsequent years, the entire Minimum Rent shall be paid in four (4) consecutive monthly payments beginning on the first day of January of each year. The amount due each month will be twenty-five (25%) percent of the total annual Minimum Rent due, adjusted as described in paragraph 3(d).
Annual Minimum Rent. The Annual Base Rent for the 3 TEK Expansion Space to be paid by Tenant shall be calculated in accordance with the following:
Annual Minimum Rent. TENANT agrees to pay to CITY a minimum guaranteed annual rental for the use and occupancy of the Premises, in an initial amount of $ per year (the "Minimum Rent"), payable in advance and at the option of TENANT either in equal semiannual installments or equal monthly instalments. If paid in equal semiannual installments, then such installments must be on January 1 and July 1 each year during the term of the Lease. If the Commencement Date is other than January 1 or July 1, then TENANT must pay, on the Commencement Date, the proportionate amount of the Minimum Rent payable for the period from the Commencement Date until the next payment date of January 1 or July 1, as the case may be. If the term of the Lease expires on a date other than December 31 or June 30, then TENANT'S final installment of Minimum Rent must be proportionate to the time remaining in the term. If paid in equal monthly installments, then each\ monthly installment must be paid no later than the tenth day of each applicable month. All Rent, including the Minimum Rent and the Percentage Rent, must be paid in lawful money of the United States of America, without offset or deduction and must be paid to CITY at City Hall located at 000 Xxxxxx Xxxxxx, Xxxxx Xxx, Xxxxxxxxxx, or at such other place or places CITY may from time to time designate by written notice delivered to TENANT.
Annual Minimum Rent. The Tenant shall pay the Annual Minimum Rent, which is subject to adjustments as hereinafter set forth, in equal monthly installments in advance on the first day of each calendar month included in the Lease Term. The first monthly installment shall be paid within three (3) days after the issuance of the Final Notice. Tenant acknowledges that late payment by Tenant to Landlord of Rent or other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which would be extremely difficult and impractical to ascertain. Such costs include, but are not limited to, processing and account charges, and late charges which may be imposed on Landlord by the terms of any Mortgage encumbering the Premises. Therefore, in the event any installment of Rent or any sum due hereunder is not paid within five (5) days after such amount is due, Tenant shall pay to Landlord as Additional Rent, a late charge equal to five (5%) of each such installment or other sum or Twenty Five ($25.00) Dollars per month, whichever is greater. A sum of Fifteen ($15.00) Dollars shall also be due from and paid by Tenant to Landlord for each returned check, and Tenant shall pay a charge of One Hundred Fifty Dollars ($150.00) for preparation of a demand for delinquent rent in addition to all other sums due by Tenant under this Lease. Notwithstanding anything herein to the contrary, provided Tenant is not then in default thereunder, Tenant shall be relieved of the obligation to pay the Annual Minimum Rent during the second and third months of the Term of this Lease (the "Abated Rent"), subject to the obligation of Tenant to pay the amount of the Abated Rent in the event and at the time an Event of Default of Tenant occurs hereunder.
Annual Minimum Rent. (a) For each year during the initial ten (10) years of the term of the Lease (i.e., through June 30, 2006), annual minimum rent shall be $140,652 per year, payable $11,721 per month.
Annual Minimum Rent. Effective on the First Renegotiation Date, the Annual Minimum Rent shall be adjusted to equal the Annual Minimum Rent component of Fair Market Rental Value determined in accordance with the terms and provisions of this Section 4.4; provided, however, that in no event shall the Annual Minimum Rent that becomes effective on the First Renegotiation Date be less than the greater of (a) seventy- five percent (75%) of the average total Annual Rent that was payable for each of the three
Annual Minimum Rent. Starting on the Annual Minimum Rent Start Date, Lessee shall pay to Lessor without setoff, demand, abatement or claim, as annual minimum rent ("Annual Minimum Rent"), ___________________________ and __/100 Dollars ($________________) per year payable in advance, in equal monthly installments of _________________________________ and __/100 Dollars ($________) each, on the first day of each calendar month for each Lease Year payable as hereinafter provided. Lessee shall pay monthly one-twelfth (1/12th) of the Annual Minimum Rent. Annual Percentage Rent as described below, may be paid in addition to Annual Minimum Rent.
Annual Minimum Rent. Tenant shall pay to Landlord as annual minimum rent for the Premises during lease year one the sum of one hundred sixteen thousand eight hundred ninety-six and 50/100 dollars ($116,896.50)*, to be paid in equal monthly installments of nine thousand seven hundred forty-one and 38/100 dollars ((9,741.38), and during lease year two the sum of one hundred twenty-two thousand four hundred sixty-three and 00/100 dollars ($122,463.00)*, to be paid in equal monthly installments of ten thousand two hundred five and 25/100 dollars ($10,205.25), and during lease year three the sum of one hundred twenty-eight thousand twenty-nine and 50/100 dollars ($128,029.50)*, to be paid in equal monthly installments of ten thousand six hundred sixty-nine and 13/100 dollars ($10,669.13), to be paid in advance on the first business day of each month at the address for Landlord as hereafter provided, or at such other places Landlord may designate from time to time. Such rent shall be paid without demand, set-off or deduction. Notwithstanding, if the actual square footage differs from the estimated square footage set forth in paragraph 1.1, said rent shall be adjusted to reflect annual minimum rent of $10.50 per square foot for the first year, $11.00 per square foot for the second year and $11.50 per square foot for the third year of the lease term. *Relinquishment of suite 101 will reduce the annual rent according to the time of exercise. If the suite 101 is relinquished, the corresponding rent reduction will be as follows:
Annual Minimum Rent. (A) Lessee agrees to pay to Lessor an annual minimum rent (hereinafter “Annual Minimum Rent” or “AMR”) as hereinafter set forth, said Annual Rent to be paid in monthly installments, in advance, at the payment address of Lessor, without deduction, setoff, demand or notice, in lawful money of the United States of America, on the first (1st) day of each month of the Term hereof and any renewals or extensions thereof, in sums as set forth below. Lessee shall pay the first (1st) monthly installment upon execution of this Lease. If the Commencement Date of this Lease occurs on a day other than the first (1st) day of a calendar month, then the first (1st) monthly installment paid upon execution of this Lease shall be applied to the second (2nd) full calendar month following the Commencement Date. Lessee shall either remit to Lessor the per diem prorated amount of any partial first month following the Commencement Date immediately upon the establishment of the Commencement Date or shall include such prorated amount in the payment of the second monthly installment of Annual Minimum Rent. 725 Square Feet Lease Year Annual Amount Monthly Amount Amount PSF 1 $ 10,150.00 $ 845.83 $ 14.00 2 $ 10,454.50 $ 871.21 $ 14.42
Annual Minimum Rent. Lessee covenants to pay Lessor without notice, deduction, setoff or previous demand therefor, a minimum annual rent of $98,283 payable annually in advance on the first day of April of each calendar year of this Lease, or any renewal or extension thereof, subject to adjustment as hereinafter provided, with the first installment-prorated from the date of execution to the following thirty-first day of Hatch - to be paid upon the execution hereof, all installments to be paid to Lessor on the Sixteenth Floor, 0000 Xxxxxx Xxxxxx, Xxxxxxxxxxxx, Xxxxxxxxxxxx, 00000, or at such other place as lessor may from time to time designate. Each and every payment and expenditure, other than Minimum Rental, which are required to be paid by Lessee under this Lease shall be deemed to be additional rent hereunder, whether or not the provision requiring payment of such amounts specifically so states, and shall be payable, unless otherwise provided in this Lease, within thirty (30) days of demand by lessor. 7.
