Minimum Rent Sample Clauses
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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. During the Term, Tenant agrees to pay to Landlord, without demand or set off, in lawful money of the United States, at the address specified in Section 25, or at such other location as Landlord may hereafter designate in writing, Minimum Rent for the Leased Premises which shall be the product computed by multiplying the area of the Premises in square feet (e.g., during the first Lease Year, 15,000 square feet) by the amount of $13.00 triple net per square foot per annum.) For the convenience of the Landlord, the Minimum Rent shall be paid in monthly installments of Sixteen Thousand Two Hundred Fifty Dollars ($16,250). Each installment of Minimum Rent shall be due and payable in advance, on the first day of each month. The first payment of Minimum Rent shall be due and payable on or before the Commencement Date. Minimum Rent shall be pro rated for any partial month of the Term. Notwithstanding the above, at the end of the first Lease Year (i.e.,365 days from [Closing]), and at the end of every Lease Year thereafter, the Minimum Rent rate shall be adjusted according to the Consumer Price Index (CPI) published by the Bureau of Labor Statistics of the United States Department of Labor, using the "Consumer Price Index - All Items" (1982-1984 = 100) figure as of the Commencement Date for a base, and adjusting the annual Minimum Rent rate to be paid hereunder in direct proportion to the change in the said CPI; provided, however, that annual Minimum Rent rate (multiplied by the square footage demised by this Lease) shall not increase more than three percent (3%) in any given Lease Year. In the event that the adjusted rent, according to the CPI, shall be less than the Minimum Rent stated above for the prior Lease Year, then the rent shall be the amount of the Minimum Rent for such prior Lease Year. The Minimum Rent and all other sums payable under the Lease shall be paid without notice, demand, counterclaim, set off, deduction, or defense and without abatement, suspension, diminution, or reduction, and the obligations and liabilities of Tenant under the Lease shall in no way be released, discharged or otherwise affected (except as otherwise expressly provided in the Lease herein) by reason of any occurrence whatsoever.
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. 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. (i) For the period commencing on the Commencement Date through December 31, 2003, the sum of THIRTY SEVEN MILLION SEVEN HUNDRED TWENTY-FIVE THOUSAND AND 00/100 DOLLARS ($37,725,000.00) per annum.
(ii) For the period commencing on January 1, 2004 through December 31, 2008, the sum of THIRTY NINE MILLION ONE HUNDRED EIGHTY-ONE THOUSAND AND 00/100 DOLLARS ($39,181,000.00) per annum.
(iii) For the period commencing on January 1, 2009 through February 28, 2014, the greater of (x) FORTY ONE MILLION ONE HUNDRED FORTY THOUSAND AND 00/100 DOLLARS ($41,140,000.00) per annum and (y) the Fair Market Rental of the Leased Property, which unless otherwise mutually agreed to by Landlord and Tenant shall be determined by the appraisal procedure set forth in Article XXIV.
(a) attached hereto. Minimum Rent for each Fiscal Year shall be payable from the Commencement Date through (and including) the Rent Payment Date in arrears in twelve (12) equal installments on the eleventh (11th) day of each calendar month of the Initial Term and each Extended Term (the "Rent Payment Date"); provided that if such 11th day is not a Business Day, then the Rent Payment Date shall be the next preceding Business Day. Minimum Rent shall be paid for the period of the eleventh (11th) of each month (or, if applicable, the Commencement Date) through the tenth (10th) of the next month (or, if applicable, the expiration of the Term) (each, a "Rental Period"), provided that the first and last payments of Minimum Rent shall be prorated as to any partial Rental Period, based on the number of days within the Term during such Rental Period and the number of days in such Rental Period. The first installment payment of Minimum Rent shall be payable on May 11, 1998, for the Rental Period beginning with the Commencement Date and ending May 10, 1998. Notwithstanding the foregoing, for the period commencing with the date hereof and expiring on the third (3rd) anniversary of the date hereof, to the extent that Available Cash is less than the amount of Fixed Rent and Percentage Rent, as certified by Tenant (together with reasonable documentation thereof) and agreed to by Landlord, the Fixed Rent and Percentage Rent shall accrue, and the payment thereof (together with interest at the Interest Rate)
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. 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. 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. 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. 11 1.68 Net Worth .........................................11 1.70 Officer's Certificate .............................11 1.71 Overdue Rate ......................................11 1.72 Parent.............................................11 1.73