Minimum Rent Sample Clauses
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Minimum Rent. Lessee shall pay minimum rent (the "Minimum Rent) pursuant to the following schedule: (a) From May 15, 1999, as defined below, through August 1, 1999 Lessee shall pay Minimum Rent in the amount of $18,666 per month; (b) Beginning September 1, 1999 and continuing through April 1, 2000 Lessee shall pay $14.50 per square foot per year for "Space 1" as outlined on Exhibit "A" and $8.00 per square foot per year for "Space 2" as outlined on Exhibit "A"; (c) For Lease Year 2 (from May 1, 2000 through April 1, 2001): $14.94 per square foot per year for "Space 1" and $8.24 per square foot per year for "Space 2"; (d) For Lease Year 3: $15.39 per square foot per year for "Space 1" and $8.49 per square foot per year for "Space 2"; (e) For Lease Year 4: $15.85 per square foot per year for "Space 1" and $8.74 per square foot per year for "Space 2"; and (f) For Lease Year 5: $16.33 per square foot per year for "Space 1" and $9.00 per square foot per year for "Space 2". Square footage shall be determined by Lessor's architect by the Rent Commencement Date by measuring the floor area of the leased premises to the interior surface of exterior walls. In the event Lessee determines and notifies Lessor within thirty (30) days after the Lease Commencement Date that the floor area of the leased premises is at variance with the square footage determination of Lessor's architect, the parties shall attempt to agree on the appropriate square footage determination. If the parties are unable to agree upon the square foot area of the leased premises, Lessor's and Lessee's architects shall appoint a third architect within thirty (30) days after Lessor or Lessee so direct and such third architect shall measure the leased premises and its determination shall be binding upon the parties. Adjustments shall be made utilizing the third architect's determination. Each of the parties shall pay the fees of its own architect and one-half (1/2) of the third architect's fees. Minimum Rent shall be payable in advance in equal monthly installments on the first day of each month during the term of this Lease or the Option Term, provided, that if the Rent Commencement Date is a day other than the first day of a month, Lessee shall, on the Rent Commencement Date, pay rent for the balance of said month, prorated at said monthly rate, based on the actual number of days remaining in such month. Minimum Rent shall commence May 15, 1999 (the "Rent Commencement Date").
Minimum Rent. Commencing on the Commencement Date, and subject to the provisions for the Tenant Improvement Allowance in Section 2.1 hereof, Tenant shall pay to Landlord each Lease Year (as such term is hereinafter defined), and Tenant covenants and agrees that Tenant will pay to Landlord during the Term, at the address specified in this Lease for the giving of notices to Landlord or at such other place as Landlord may specify, without any right of set-off, deduction, counterclaim, suspension of abatement, and without any prior notice or demand, the amount of * ("MINIMUM RENT").
3.1.1. The aforesaid Minimum Rent shall be due and payable in monthly installments, each in the amount equal to one-twelfth (1/12) of the Minimum Rent for each Lease Year and shall be prorated for the time period between the Commencement Date and the commencement of the next Lease Year. Each such installment shall be due and payable, in advance, on or before the first (1st) day of each month of the Term, commencing on the Commencement Date. If the Commencement Date occurs on a day other than on the first (1st) day of the month in which such date falls, such installment of Minimum Rent shall be prorated based upon the actual number of days in such month.
3.1.2. Commencing with the second Lease Year and commencing on the first day of each succeeding Lease Year (each, a "Rent Adjustment Date"), the Minimum Rent payable by Tenant shall be adjusted to be that product (which shall in no event be less than the Minimum Rent payable for the preceding Lease Year), which is derived by multiplying the Minimum Rent payable for the previous Lease Year by a fraction, the numerator of which shall be the Index (as defined below) in effect for the month of August in the previous Lease Year and the denominator of which shall be the Index in effect for (i) the month of August, 2001 in the case of the first Rent Adjustment Date or (ii) the month of August prior to the preceding Rent Adjustment Date in the case of the second Rent Adjustment Date and each succeeding Rent Adjustment Date. Notwithstanding anything to the contrary in the foregoing, in no event shall the Minimum Rent in any Lease Year exceed * of the Minimum Rent for the previous Lease Year. The term "INDEX", as used herein, shall mean the Consumer Price Index for All Urban Consumers, published by the Bureau of Labor Statistics of the U.S. Department of Labor for Los Angeles-Anaheim-Riverside, California, all items (1982-84=100) ("CPI"); provided, however...
Minimum Rent. Lessee will pay to Lessor in lawful money of the United States of America which shall be legal tender for the payment of public and private debts, at Lessor's address set forth above or at such other place or to such other person, firms or corporations as Lessor from time-to-time may designate in a Notice, Minimum Rent (as defined below), during the Term, as follows:
Minimum Rent. Anything herein to the contrary notwithstanding,
(i) each installment of Basic Rent, whether or not such installment has been adjusted pursuant to Section 3(b), together with all prior Basic Rent due and payable on such date and all accrued interest thereon shall be, under all circumstances and in any event, in an amount at least sufficient for Lessor to pay in full principal and interest on the Loans relating to the Aircraft required to be paid by Lessor on or within five Business Days of the due date of such installment of Basic Rent; and
(ii) payments of Stipulated Loss Value shall be, under any circumstances and in any event, in an amount which (when taken together with any other Basic Rent due and payable in connection therewith) is at least equal to, as of the date of payment, the sum of the aggregate unpaid principal of and accrued interest on the Loans relating to the Aircraft and all other unpaid Obligations of Lessor (other than principal and interest on Loans relating to other Aircraft and after taking into account all other payments of Stipulated Loss Value pursuant to the other Leases on such date).
Minimum Rent. Tenant shall pay annual base minimum rent ("Minimum Rent") to Landlord in equal installments in advance, on the first (1st) Business Day of each Accounting Period; provided, however, that the first payment of Minimum Rent shall be payable on the Commencement Date. Further, if applicable, the first payment of Minimum Rent and the last payment of Minimum Rent shall be prorated on a per diem basis provided, however, that for purposes of Minimum Rent, any prorated payment for any partial Accounting Period prior to the first full Accounting Period shall be prorated based upon the installment of Minimum Rent payable for the first full Accounting Period, and any prorated Rent at the end of the Term shall be prorated based upon the installment of Minimum Rent payable for the last full Accounting Period.
Minimum Rent. During the Term, the Tenant shall pay to the Landlord, without demand and without deduction or setoff, as minimum rent for the Premises, the monthly rent of $700.00, per person or $600.00 per person if double occupancy bedroom (based on availability). Rent will be pro-rated if you move-in or out other than the 1st or last day of the month. . Tenant shall reference the Summer Intern Application for payment plan, information and details. If you must vacate your premises before the end of your original lease term, 45 day written notice is required. You are liable for the rent during this 45 day notice period.
Minimum Rent. (a) The Tenant will pay, beginning on the Commencement Date, to the Landlord at the office of the Landlord or any other place designated by the Landlord, in Canadian money, without any previous demand and without any deduction, abatement (except as indicated in subparagraph (e) below and Section 12.01(a), or set-off, as Minimum Rent;
(i) During the period from MAY 1, 2000 THROUGH MAY 31, 2000, the annual sum of ZERO ($0.00) payable in equal consecutive monthly installments of $0 each in advance on the first day of each calendar month during such period.
(ii) During the period from JUNE 1, 2000 THROUGH TO APRIL 30, 2001, the annual sum of SEVENTEEN THOUSAND ONE HUNDRED DOLLARS ----00/000 ($17,100.00) payable in equal consecutive monthly installments of ONE THOUSAND FOUR HUNDRED TWENTY-FIVE DOLLARS ----00/00 ($1,425.00) each in advance on the first day of each calendar month during such period;
(iii) During the period from MAY 1, 2001 TO APRIL 30, 2002, the annual sum of SEVENTEEN THOUSAND NINE HUNDRED FIFTY-FIVE DOLLARS ----00/00 ($17,955.00) payable in equal consecutive monthly installments of ONE THOUSAND FOUR HUNDRED NINETY-SIX DOLLARS ----25/00 ($1,496.25) each in advance on the first day of each calendar month during such period;
(iv) During the period from MAY 1, 2002 THROUGH TO APRIL 30, 2003, the annual sum of EIGHTEEN THOUSAND EIGHT HUNDRED FIFTY-TWO DOLLARS ----72/00 ($18,852.72) payable in equal consecutive monthly installments of ONE THOUSAND FIVE HUNDRED SEVENTY-ONE DOLLARS ----06/00 ($1,571.06) each in advance on the first day of each calendar month during such period;
(b) If the Commencement Date is on a day other than the first day of a calendar month, then the Tenant will pay, on the Commencement Date, a part of the Minimum Rent pro-rated on a per diem basis from the Commencement Date to the end of the month in which the Commencement Date occurs, based upon a period of three hundred and sixty-five (365) days.
(c) The Tenant will deliver to the Landlord at the beginning of each Rental Year a series of monthly post-dated cheques for the Rental Year for the aggregate of the monthly payments of Minimum Rent and any payments of Additional Rent estimated by the Landlord in advance as well as any payments required by this Lease to be paid monthly in advance.
(d) The Landlord acknowledges receipt of the sum of THREE THOUSAND TWO HUNDRED FIVE DOLLARS ----78/00 ($3,205.78) which represents a security deposit equal to the last month of the Term, the b...
Minimum Rent. The defined term “Minimum Rent” set forth in Section 1.66 of the Lease is deleted in its entirety and replaced with the following:
Minimum Rent. The current monthly Base Rent under the Lease is $__________, subject to any escalation and/or additional Rent charges provided in the Lease, and such Base Rent is current as of the date hereof.
Minimum Rent. Anything herein to the contrary notwithstanding,
(i) each installment of Basic Rent, whether or not such installment has been adjusted pursuant to Section 3(d), shall be in an amount which is at least equal to the amount of any principal of and interest on the Equipment Notes that falls due and is payable by the Lessor pursuant to the terms of the Indenture (other than by reason of acceleration of the Equipment Notes) on the date when such installment of Basic Rent is due,
(ii) Termination Value, whether or not Termination Value has been adjusted pursuant to Section 3(d), shall be in an amount which (when taken together with any Basic Rent due and payable in connection therewith) is at least equal to, as of the applicable date of payment, the aggregate unpaid principal of and accrued interest on the Equipment Notes (other than overdue amounts attributable to an Indenture Event of Default not caused solely by an Event of Default), and
(iii) EBO Amount, whether or not EBO Amount has been adjusted pursuant to Section 3(d), shall be in an amount which (when taken together with any Basic Rent due and payable in connection therewith) is at least equal to, as of the applicable date of payment, the aggregate unpaid principal of and accrued interest on the Equipment Notes. The preceding sentence is intended solely to provide for, and to allocate as between the Lessor and the Lessee the risk of, the possibility of miscalculation by the Lessor and the Lessee of amounts of Rent which it is contemplated will be available to the Indenture Trustee, as the Lessor's security assignee under the Indenture, for application to the payment of amounts payable by the Lessor on the Equipment Notes. The Lessee does not guarantee, and nothing in this paragraph (f) shall be construed to be a guarantee by the Lessee, that the Lessor will repay any principal of or pay any premium or interest on any Equipment Notes or that the Indenture Trustee will, or will be able to, apply for such purposes any amount of Rent paid by the Lessee.