Minimum Rent Sample Clauses

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. 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. Tenant agrees to pay to Landlord, without demand, a ------------ minimum monthly rental (the "Minimum Rent") for the Premises, for each and every month, payable in advance the first day of each month, based on the following schedule: 08/1/96 - 08/31/96 $20,110.00 09/1/96 - 11/30/96 $40,220.00 12/1/96 - 07/31/98 $60,330.00 08/1/98 - 07/31/00 $63,346.50 Should for any reason as set forth herein, the commencement date for a floor not be the first day of the month, the rent for that month shall be pro-rated for the number of days in the shortened month. Notwithstanding the above, Tenant shall have a ten (10) day grace period from the 1st of the month to the 10th of the month to pay rent to Landlord three times in each twelve-month period beginning on the Tenth Floor Commencement Date. (a) As Additional Rent, Tenant shall pay to Landlord at the times hereinafter set forth, an amount equal to (a) Tenant's Share specified hereinbelow of any increase in "operating expenses" (defined below in this paragraph 5.2) paid or incurred by Landlord on account of the operation or maintenance of the Building above such operating expenses paid or incurred by Landlord during the Base Year specified hereinbelow, and (b) Tenant's share of any increase in "direct taxes" (defined below in this paragraph 5.2) paid or incurred by Landlord in any calendar year in excess of those paid or incurred in the Base Year specified hereinbelow. Notwithstanding the foregoing to the contrary, Tenant shall not be responsible for any increase in "operating" expenses or increase in "direct taxes" attributable to any period of time commencing on the Tenth Floor Commencement Date and ending on the first anniversary of the Tenth Floor Commencement Date. If at any time during the term of the Lease, less than ninety-five percent (95%) of the total leasable area of the Building is occupied, the operating expenses and direct taxes shall be adjusted by Landlord to reasonably approximate the operating expenses and direct taxes which would have been incurred if the Building had been at least ninety-five percent (95%) occupied. At or after the commencement of any calendar year subsequent to the Base Year Landlord may, but shall not be required to, notify Tenant of Landlord's estimate of the amount of any increase in operating expenses for such calendar year over operating expenses for the Base Year, the amount of any increase in direct taxes over those paid or incurred in the Base Year and of the amount of su...

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. Section 2 of the First Combined Lease Amendment sets forth Tenant's Minimum Rent obligations under the Leases. Currently and through December 31, 2004, Tenant's Annual Minimum Rent is payable at the rate of Three Hundred Eight Thousand Two Hundred Forty-Five Dollars Eighty Cents ($308,245.80) per annum under the Original Lease and through November 30, 2006 two Hundred Eight Thousand Five Hundred Seventy Dollars Eight Cents ($208,570.08) per annum under the Expansion Lease, for an aggregate Minimum Rent of Five Hundred Sixteen Thousand Eight Hummed Fifteen Dollars Eighty-Eight Cents ($516,815.88) per annum ("CURRENT ANNUAL MINIMUM RENT"), Notwithstanding the foregoing and anything to the contrary contained in the Original Lease, the Expansion Lease or the First Combined Lease Amendment, Landlord and Tenant hereby agree that during the period from the Execution Date to the date which is three (3) years after substantial completion of Landlord's Refurbishment Work (the "CONSTRUCTION COMPLETION DATE"), Tenant shall pay the Current Annual Minimum Rent to Landlord (instead of the Minimum Rent set forth in the schedule set forth in Section 2 of the First Combined Lease Amendment) as follows: (a) MINIMUM RENT UNDER THE ORIGINAL LEASE (b) MINIMUM RENT UNDER THE EXPANSION LEASE Thereafter, Tenant's Annual Minimum Rent shall be as follows through and including November 30, 2011, or the earlier termination of the Leases: (c) MINIMUM RENT UNDER THE ORIGINAL LEASE (d) MINIMUM RENT UNDER THE EXPANSION LEASE All other amounts payable by Tenant to Landlord under the Leases, or any amendments thereto, shall continue to be payable in accordance with the terms thereof. Nothing contained herein is intended to modify amounts payable as Minimum Rent under the Leases for any duly exercised Option to extend the Term of the Original Lease or the Expansion Lease, as applicable. Minimum Rent for each such Extension Term shall be calculated based on the Minimum Rent which would have been in effect during the Lease Year immediately preceding the commencement of such Extension Term, without regard to this Second Combined Lease Amendment.

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. 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. 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) From the Commencement Date until the fifth (5th) anniversary thereof, Tenant shall pay Landlord minimum rent at the rate of Four Hundred Eighty-Eight Thousand Three Hundred Seventy-Two and 30/100 Dollars ($488,372.30) per year (the "Minimum Rent"). (B) On the fifth (5th), tenth (10th), and fifteenth (15th) anniversaries of the Commencement Date, as well as on the twentieth (20th), twenty-fifth (25th), thirtieth (30th), and thirty-fifth (35th) anniversaries of the Commencement Date in the event the Lease Term is extended pursuant to Section 4.2 hereof, the Minimum Rent shall be adjusted for the 5-year period commencing on each such anniversary date ("CPI Adjustment") by multiplying the original Minimum Rent by a fraction, which fraction shall have as a numerator the Index (as hereinafter defined) for the month in which the CPI Adjustment is to occur and which fraction shall have as its denominator the Index for the month in which the Commencement Date occured. "Index" shall mean the seasonal Consumer Price Index for all Urban Wage Earners and Clerical Workers for the United States, published by the United States Department of Labor, Bureau of Labor Statistics, in which the 1982-1984 average of 100 points is the base. If the 1982-1984 average of 100 points ceases to be used as the base, the Index shall be converted, in accordance with the conversion factor published by the Department of Labor, Bureau of Labor Statistics, to the 1982-1984 base. If the Index is discontinued or if a substantial change is made in the terms or number of items used to compile the Index, then any similar index which most closely comprehends the impact of cost-of-living increases on commercial real property rental published by any branch or department of the U.S. Government shall be used, and if none is so published, then another nonpartisan index evaluating the information theretofore used in compiling the Index, and generally recognized as authoritative on the impact of cost-of-living increases on commercial real property rentals shall be used. Notwithstanding anything contained in this lease to the contrary, under no circumstances shall the Minimum Rent be adjusted to exceed ten percent (10%) over the Minimum Rent for the immediatley preceding sixty (60) month period. In no event shall such adjustment result in a reduction below the Minimum Rent in effect to the immediatley preceding sixty (60) month period. When the adjusted Minimum Rent is determined, Landlord shall give Te...