Fixed Monthly Rent. For the use and occupancy of the Premises, Tenant shall pay Landlord the Fixed Monthly Rent, in advance, commencing on the Commencement Date and continuing on the first day of each calendar month thereafter during the Lease Term, without any offset or deduction except as specifically provided for herein. The Fixed Monthly Rent payable under this Lease shall increase by the Increase Percentage on each Increase Date. Should the Lease TeI1D commence on a day other than the first day of a calendar month, then the rental for such first fractional month shall be computed on a daily basis for the period from the Commencement Date to the end of such calendar month at an amount equal to 1/30th of the Fixed Monthly Rent for each day. Should the Lease Term end on a day other than the last day of a calendar month, then the rental for such fractional month shall be computed on a daily basis at an amount equal to 1/30th of the Fixed Monthly Rent for each day. Tenant sh'a1l pay Landlord the Fixed Monthly Rent in lawful money of the United States at the address for Landlord set forth in the Fundamental Lease Provisions, or to such other persons or at such other places as Landlord may designate in writing to Tenant. Landlord and Tenant acknowledge that the Premises Cost computation on Exhibit E is based on Landlord's review of the prototypical Plans and Specifications. Within thirty (30) days after receipt of the final Plans and Specifications from Tenant, Landlord shall notify Tenant in writing of any differences between the prototypical Plans and Specifications and the final Plans and Specifications which increase the Premises Cost set forth on attached Exhibit "E", together with at least three (3) bids which support such increase. Within fifteen (15) days after receipt of such notice from Landlord, Tenant shall have the right to object to Landlord's proposed increase by providing written notice to Landlord, including a bid to support Tenant's objection. Landlord and Tenant shall thereafter cooperate with each other to resolve such dispute including obtaining an independent bid to resolve such discrepancy if necessary. Upon final resolution of the Premises Cost, but in any event prior to Landlord's commencement of Landlord's Work, Landlord and Tenant shall enter into a Supplemental Lease Agreement prepared by Tenant which modifies and replaces the Premises Cost set forth on Exhibit "E". In the event there is no modification of the Premises -- Cost, or upon execution of a...
Fixed Monthly Rent. Tenant shall pay the Fixed Monthly Rent as follows: Period Fixed Monthly Rent Commencing on the Commencement Date, and continuing through the last calendar day of the twelfth (12th) full calendar month of the Term $ 10,353.75 Commencing on the first calendar day of the thirteenth (13th) full calendar month of the Term, and continuing through the last calendar day of the twenty-fourth (24th) full calendar month of the Term $ 10,716.13 Commencing on the first calendar day of the twenty-fifth (25th) full calendar month of the Term, and continuing through the last calendar day of the thirty-sixth (36th) full calendar month of the Term $ 11,091.20 Commencing on the thirty-seventh (37th) full calendar month of the Term, and continuing through the last calendar day of the forty-eighth (48th) full calendar month of the Term $ 11,479.39 Notwithstanding the foregoing, Tenant shall be permitted to defer one hundred percent (100%) of the Fixed Monthly Rent due for the second (2nd), third (3rd), and fourth (4th) full calendar months of the initial Term (collectively, the amount of Fixed Monthly Rent deferred shall be referred to herein as the “Rent Deferral Amount”). So long as Tenant has not committed a material default during the Term, which material default continues after the expiration of any notice and cure period, the entire Rent Deferral Amount shall be abated and forgiven as of the Termination Date; provided, however, that if Tenant does commit a material default during the Term, and if such material default continues after the expiration of any notice and cure periods, then, regardless of whether such material default is thereafter cured, (a) Tenant shall pay to Landlord upon demand the entire Rent Deferral Amount due for the months of the Term prior to the occurrence of such material default, and (b) Tenant shall not be entitled to any additional or future deferral of Fixed Monthly Rent. If Tenant does not commit any such material default during the first two (2) years of the initial Term, then Tenant shall thereafter be relieved of any obligation to repay any Rent Deferral Amount. Landlord and Tenant shall, in the Memorandum, confirm the actual dates upon which the changes in Fixed Monthly Rent specified above shall occur.
Fixed Monthly Rent. Two Thousand Five Hundred ($2,500) Dollars (or higher TBD by RFP), adjusted up annually by 3%, or;
Fixed Monthly Rent. The first rent payment is due on the day of arrival (= commencement of rental agreement). The rent for each subsequent month is due for payment in advance on the first day of each month. The fixed monthly rental fee is agreed on the basis of the rented apartment being occupied by a maximum of two people. Therefore, for each additional person using the apartment there is a supplementary charge of €8.00 per person per day including the goods and services tax in addition to the fixed monthly rent. This supplement covers the increase in the variable costs and the wear to the apartment resulting from a larger number of occupants. The agreed fixed monthly rent is indexed to the 2005 consumer price index. It is agreed that the month in which the rental agreement commences shall be the reference month. Indexed adjustments shall be made at the conclusion of 12 contractual months in each case, i.e. initially upon publication of the index figure for the 12th month following commencement of the agreement, with the fixed monthly rent increasing at the rate of the aforementioned index. It is agreed that in the event of a delay in payment on the part of the tenant, 9% interest on arrears shall be levied for each month in arrears that is commenced. The tenant is not entitled to deduct their own claim for payment from outstanding rental payments unless this has been expressly approved by the landlord in writing or ordered by a court.
Fixed Monthly Rent. Section 4.1 Tenant agrees to pay to Landlord during the Initial Term, in addition to the Additional Rent to be paid by Tenant hereunder, a fixed monthly rent (the "Fixed Monthly Rent") in the amount of $30,000.00 per month ($360,000 per annum).
Fixed Monthly Rent. Tenant agrees to pay to Landlord at the offices of Landlord, or at such other place designated by Landlord, without any prior demand thereof and without any deduction or set-off whatsoever, and as fixed monthly rent, the sum of page 2a [information on page 4 of this document] Dollars ($______________________) (sometimes referred to herein as "fixed monthly rent"), payable in advance upon the first day of each calendar month during the term hereof. The monthly installment shall be deemed to have been paid upon such first day only if actually received by such first day. If the term shall commence or terminate upon a day other than the first (or in the case of termination the last) day of a calendar month. Tenant shall pay, upon the Term Commencement Date, and on the first day of the last calendar month of the term, a pro-rata portion of the fixed monthly rent for the first and last fractional calendar month, respectively, prorated on a per diem basis with respect to such fractional calendar month.
Fixed Monthly Rent. Period Monthly Annual S.F. 06/01/97 - 12/31/97 $4,163.00 $49,956.00= $12.00/s.f. 01/01/98 - 12/31/98 $4,856.83 $58,282.00= $14.00/s.f. 01/01/99 - 12/31/99 $5,550.67 $66,608.00= $16.00/s.f. 01/01/00 - 12/31/00 $6,244.50 $74,934.00= $18.00/s.f.
Fixed Monthly Rent. 12% of the Premises Cost (as detailed on Exhibit "E") divided by twelve, subject to proration and adjustment as provided in Section 2.3.
Fixed Monthly Rent. Lessee shall pay to Lessor the rental of Five Thousand One Hundred Forty-Six Dollars ($5,146.00) per month for the Leased Premises ("Base Rent") plus sales tax and other taxes and payments as set out in this agreement for the first five (5) years of the term. During the second five (5) years of the term, the Base Rent shall be increased by the percentage of increase (if any) in the U.S. Department of Labor Consumer Price Index during the previous five (5) years of the term. Likewise, the Base Rent for the third five (5) years of the term shall be increased by the percentage of increase (if any) in the U.S. Department of Labor Consumer Price Index during the previous five (5) years of the term. This Bureau of Labor Statistics Index was 161.2 for September 1997 for all urban consumers. Each month's Base Rent plus any additional rent is payable in advance and without demand on or before the tenth (10th) of the month during which it is due. Lessee covenants and agrees to pay Base Rent and to perform each and every other covenant and condition under this lease. All rental payments will be made to THE HILTON COMPANY, at P.O. Xxxx Xxx 0000, Xxxxxx Xxxx, Xxxxxxx 00000, xx such other person or places as Lessor may from time to time designate in writing. All of said payments shall be made without any set off or deduction whatsoever, and shall be made without further notice or demand and without abatement, deduction or set off. In addition to the Base Rent as herein provided, all taxes (excise, sales, use, etc.) levied or assessed upon the Base Rent of the Leased Premises shall be paid by Lessee, if not billed directly to Lessee in the month that they become due, simultaneously with the payment of each month's Base Rent. All occupational, special, license fees, franchise fees, or the like will also be paid by Lessee, as well as all real and/or personal property taxes assessed upon the Leased Premises. Real property taxes are to be pro rated from January 1, 1998, with Lessor paying all taxes accruing prior thereto and Lessee paying all taxes accruing on or subsequent
Fixed Monthly Rent. 11% of the Premises Cost (as detailed on Exhibit "E") divided by twelve, subject to proration as provided in Section 2.3, which for Lease Years 1- 5 shall be Twenty-three Thousand Eight Hundred Seventy-four and 58/lOO Dollars ($23,874.58) per month ($286,495.00 per annum).
