Base Monthly Rental. During the Lease Term, on or before the first day of each calendar month, Lessee shall pay in advance the Base Monthly Rental then in effect. If the Effective Date is a date other than the first day of the month, Lessee shall pay to Lessor on the Effective Date the Base Monthly Rental prorated by multiplying the Base Monthly Rental by a fraction, the numerator of which is the number of days remaining in the month (including the Effective Date) for which Rental is being paid, and the denominator of which is the total number of days in such month.
Base Monthly Rental. Tenant shall pay to Landlord at the address set forth in Section 31.10, or such other address as Landlord may advise Tenant in writing, without deduction, offset or prior notice or demand, and Landlord shall accept, as rent for the Premises the sum of $1,645,833.33 per month ($19,750,000 per year), subject to adjustments pursuant to Section 3.3 below, in lawful money of the United States payable in advance on the first day of each month of the term of this Lease. Said monthly installments shall hereinafter be referred to as the “Base Monthly Rental.” Tenant has delivered to Landlord the Base Monthly Rental for the first month of the term hereof upon execution and delivery of this Lease. For purposes of this Lease, “Rent” will mean the Base Monthly Rental plus the Landlord Additional Rent plus the Third Party Additional Rent plus any other charges due Landlord by Tenant under this Lease.
Base Monthly Rental. Tenant agrees to pay Landlord, by payments to Spring Creek Partners, L.L.C., and delivered to Landlord c/o Griffin Management Services, Inc., 800 Mt. Vernon Highway, Suite 300, Xxxxxxa, Georgia 30328, promptly ox xxx xxxxx xxx xx each month in advance, during the Term of this Lease, without deduction or set off, in legal tender, a monthly rental as determined under Special Stipulation 13 (hereinafter referred to as "Base Monthly Rental"). If the Term commences on a day other than the first day of a month, or terminates on a day other than the last day of a month, the Base Monthly Rental for the first or last partial month shall be prorated based upon the actual number of days in such a month. Tenant hereby acknowledges that if any monthly payment of rent or any monies due hereunder from Tenant shall not be received by Landlord within five (5) business days after written notice from Landlord to Tenant that such payment is due, then Tenant shall pay the Landlord a late charge equal to 2-1/2% of such delinquent amount. Any amounts payable hereunder by Tenant to Landlord which are not paid within five (5) business days after written notice from Landlord to Tenant that such payment is due shall bear interest at the rate of one percent (1%) per month until paid.
Base Monthly Rental. A. Xxxxxx agrees to pay Base Monthly Rental, without notice, in advance, on the first day of each calendar month of the Term. The Base Monthly Rental for the first month of the Term will be paid upon execution of the Lease. In the event the Term commences or ends on a day other than the first day of a calendar month, then the Base Monthly Rental for such fractional month will be prorated based on a 30-day month.
Base Monthly Rental. During the Initial Term, on or before the first day of each calendar month, Lessee shall pay in advance the Base Monthly Rental; provided, however, if the Effective Date is a date other than the first day of the month, Lessee shall pay to Lessor (or any other party designated by Lessor) on the Effective Date the Base Monthly Rental prorated by multiplying the Base Monthly Rental by a fraction, the numerator of which is the number of days remaining in the month (including the Effective Date) for which Rentals are being paid, and the denominator of which is the total number of days in such month. During the Extension Terms, if any, Lessee shall pay the Rentals (including the Base Monthly Rental) in the manner set forth in this Section 4. Unless otherwise specifically stated to the contrary herein, Lessee shall perform all its obligations under this Lease at its sole cost and expense and shall pay all Rental and any other Monetary Obligation due hereunder when due and payable, without notice or demand.
Base Monthly Rental. The Base Annual Rental shall be payable in monthly installments equal to the Base Monthly Rental, in advance, without any set-offs or deductions (except as expressly permitted under this Lease), on the first day of each month (the “Rent Day”) during the Term of this Lease at the mailing address shown in Paragraph I of the Summary, or at such other place as Landlord from time to time may designate in writing. In the event the Commencement Date is other than the first day of the calendar month, the Base Monthly Rental for the first and last partial months shall be prorated based on the actual number of days of such months included within the Lease Term and based upon the amount of the Base Monthly Rental.
Base Monthly Rental. After giving effect to the removal of Taxes from Operating Expenses and Remaining Rental as set forth in this Sixth Amendment, the Net Rental annual rate and the Base Monthly Rental annual rate, assuming an annual escalation of two and one-half percent (2-1/2%) per year in Net Rental occurs pursuant to Section 6 of the Original Lease, are set forth in the illustrative chart below: AMOUNT OF BASE MONTHLY RENTAL AMOUNT OF SUBJECT TO ANNUAL BASE BASE MONTHLY ASSUMPTIONS RENTAL SUBJECT NET RENTAL REMAINING RENTAL SET FORTH TO ASSUMPTIONS LEASE YEAR ANNUAL RATE RENTAL RATE ANNUAL RATE ABOVE SET FORTH ABOVE ---------- ----------- ----------- ----------- ----- --------------- See Lease See Lease First Lease Year (11/18/00-11/30/01) $16.1800 $4.87 $21.0500 prior to prior to date date hereof hereof Second Lease Year (12/1/01-11/30/02) $16.5845 $4.87 $21.4545 $426,586.98(1) $5,119,043.70(1) Third Lease Year (12/1/02-11/30/03) $16.9991 $4.87 $21.8691 $434,830.61 $5,217,967.26 Fourth Lease Year (12/01/03-1/31/04) $17.4241 $4.87 $22.2941 $443,281.02 $ 886,562.04(2) Fourth Lease Year (2/1/04-11/30/04) $17.4241 $3.37 $20.7941 $413,456.02 $4,134,560.20(3) Fifth Lease Year (12/1/04-11/30/05) $17.8597 $3.37 $21.2297 $422,117.20 $5,065,406.42 Sixth Lease Year (12/1/05-11/30/06) $18.3062 $3.37 $21.6762 $430,995.11 $5,171,941.32 Seventh Lease Year (12/1/06-11/30/07) $18.7638 $3.37 $22.1338 $440,093.72 $5,281,124.68 Eighth Lease Year (12/1/07-11/30/08) $19.2329 $3.37 $22.6029 $449,421.00 $5,393,051.94 Ninth Lease Year (12/1/08-11/30/09) $19.7138 $3.37 $23.0838 $458,982.89 $5,507,794.68 Tenth Lease Year (12/1/09-11/30/10) $20.2066 $3.37 $23.5766 $468,781.40 $5,625,376.76 Eleventh Lease Year (12/1/10-11/30/11) $20.7118 $3.37 $24.0818 $478,826.46 $5,745,917.48 Twelfth Lease Year (12/1/11-11/30/12)(4) $21.2296 $3.37 $24.5996 $489,122.05 $5,869,464.56 Last Six Months (12/1/12-5/31/13)(4) $21.2296 $3.37 $24.5996 $489,122.05 $5,869,464.56 --------------
Base Monthly Rental. Base Monthly Rental, as provided in Section 3.1 of the Lease, shall be the sum of $22,495.10 per month, and, in accordance with Section 3.3 of the Lease, shall remain fixed throughout the balance of the initial term of the Lease as set forth in Section 2.1 of the Lease.
Base Monthly Rental. Commencing upon the Commencement Date and continuing throughout the term, Lessee shall pay to Lessor, at Lessor's address stated in the Basic lease Information, or to such other person or at such other place as Lessor may from time to time designate by notice to Lessee, without prior notice or demand, Base Monthly Rental in the amount stated in the Basic Lease Information, which amount shall be adjusted as provided below.
Base Monthly Rental. During the Lease Term, on or before the first day of each calendar month, Lessee shall pay in advance the Base Monthly Rental then in effect. If the Effective Date is a date other than the first day of the month, Lessee shall pay to Lessor on the Effective Date the Base 4839-9503-5138.10 Spirit/Malibu Boats Master Lease Agreement CA and TN File No. 6457/02-5000 2 Monthly Rental prorated by multiplying the Base Monthly Rental by a fraction, the numerator of which is the number of days remaining in the month (including the Effective Date) for which Rental is being paid, and the denominator of which is the total number of days in such month.
