Common use of Minimum Rent Clause in Contracts

Minimum Rent. (a) Tenant agrees to pay to Landlord, as minimum rent for the demised premises, equal consecutive monthly installments of Twenty-Nine Thousand Four Hundred Eighty-two and 29/100th Dollars ($29,482.29), commencing on the commencement date, and continuing on the first day of each calendar month during years one (1) through five (5) of the initial term of this Lease, monthly installments of Thirty-four Thousand Four Hundred Fifty-five and 21/100th Dollars ($34,455.21) each calendar month during years six (6) through ten (10), and monthly installments of Thirty-Nine Thousand Four Hundred Twenty-eight and 13/100th Dollars ($39,428.13) each calendar month during years eleven (11) through fifteen (15) of the initial term of this Lease. All such rental shall be payable to Landlord in advance, without prior written notice or demand and without any right of deduction, abatement, counterclaim or offset whatsoever (unless specifically permitted in this Lease). Except as expressly set forth herein to the contrary, in no event shall Tenant have the right to offset more than twenty-five percent (25%) of minimum rent in any calendar month, and Tenant shall have no right to offset against any additional rent other than any percentage rent payable hereunder. As used in this Lease, the terms “minimum rent” and “minimum rental” mean the minimum rental set forth in this Section 5(a). As used in this Lease, the terms “rent and “rental” mean minimum rental, percentage rental, additional rental and all other sums due and owing from Tenant to Landlord under this Lease.

Appears in 1 contract

Samples: DSW Inc.

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Minimum Rent. (a) Tenant agrees to pay to Landlord, as minimum rent for the demised premises, equal consecutive monthly installments of Twenty-Nine Twenty One Thousand Four Hundred Eighty-two Eighty Two and 29/100th 67/100 Dollars ($29,482.2921,082.67), commencing on the commencement date, and continuing on the first day of each calendar month during years one (1) through five (5) of the initial term of this Lease, monthly installments of Thirty-four Twenty Three Thousand Four Six Hundred Fifty-five Twelve and 21/100th 59/100 Dollars ($34,455.2123,612.59) each calendar month during years six (6) through ten (10), and monthly installments of Thirty-Nine Twenty Six Thousand Four Hundred Twenty-eight Fifty Eight and 13/100th 75/100 Dollars ($39,428.1326,458.75) each calendar month during years eleven (11) through fifteen (15) of the initial term of this Lease. All such rental shall be payable to Landlord in advance, without prior written notice or demand and without any right of deduction, abatement, counterclaim or offset whatsoever (unless specifically permitted in this Lease). Except as expressly set forth herein to the contrary, in In no event shall Tenant have the right to offset more than twenty-five percent (25%) of minimum rent in any calendar month, and Tenant shall have no right to offset against any additional rent other than any percentage rent payable hereunder. As used in this Lease, the terms "minimum rent" and “minimum rental” mean the minimum rental set forth in this Section 5(a). As used in this Lease, the terms “rent and “rental” mean minimum rental, percentage rental, additional rental and all other sums due and owing from Tenant to Landlord under this Lease."

Appears in 1 contract

Samples: Lease (Retail Ventures Inc)

Minimum Rent. (a) Tenant agrees to pay to Landlord, as minimum rent for the demised premises, equal consecutive monthly installments of Twenty-Nine six Thousand Four Six Hundred EightyForty-two nine and 29/100th 17/100 Dollars ($29,482.2926,649.17), commencing on the commencement date, and continuing on the first day of each calendar month during years one (1) through five (5) of the initial term of this Lease, monthly installments of ThirtyTwenty-four seven Thousand Four One Hundred Fifty-five Fourteen and 21/100th 08/100 Dollars ($34,455.2127,114.08) each calendar month during years six (6) through ten (10), and monthly installments of ThirtyTwenty-Nine nine Thousand Four Eight Hundred Twenty-eight five and 13/100th 49/100 Dollars ($39,428.1329,825.49) each calendar month during years eleven (11) through fifteen (15) of the initial term of this Lease. All such rental shall be payable to Landlord in advance, without prior written notice or demand and without any right of deduction, abatement, counterclaim or offset whatsoever (unless specifically permitted in this Lease). Except as expressly set forth herein to the contrary, in In no event shall Tenant have the right to offset more than twenty-five percent (25%) of minimum rent in any calendar month, and Tenant shall have no right to offset against any additional rent other than any percentage rent payable hereunder. As used in this Lease, the terms "minimum rent" and “minimum rental” mean the minimum rental set forth in this Section 5(a). As used in this Lease, the terms “rent and “rental” mean minimum rental, percentage rental, additional rental and all other sums due and owing from Tenant to Landlord under this Lease."

Appears in 1 contract

Samples: Agreement (Retail Ventures Inc)

Minimum Rent. (a) Tenant agrees to pay to Landlord, as minimum rent for the demised premises, equal consecutive monthly installments of Twenty-Nine six Thousand Four Hundred Eighty-two and 29/100th three Dollars ($29,482.2926,083.00), commencing on the commencement date, and continuing on the first day of each calendar month during years one (1) through five (5) of the initial term of this Lease, monthly installments of ThirtyTwenty-four eight Thousand Four Hundred FiftySeventy-five three and 21/100th 94/100 Dollars ($34,455.2128,473.94) each calendar month during years six (6) through ten (10), and monthly installments of Thirty-Nine one Thousand Four Three Hundred Twenty-eight one and 13/100th 34/100 Dollars ($39,428.1331,321.34) each calendar month during years eleven (11) through fifteen (15) of the initial term of this Lease. All such rental shall be payable to Landlord in advance, without prior written notice or demand and without any right of deduction, abatement, counterclaim or offset whatsoever (unless specifically permitted in this Lease). Except as expressly set forth herein to the contrary, in In no event shall Tenant have the right to offset more than twenty-five percent (25%) of minimum rent in any calendar month, and Tenant shall have no right to offset against any additional rent other than any percentage rent payable hereunder. As used in this Lease, the terms "minimum rent" and “minimum rental” mean the minimum rental set forth in this Section 5(a). As used in this Lease, the terms “rent and “rental” mean minimum rental, percentage rental, additional rental and all other sums due and owing from Tenant to Landlord under this Lease."

Appears in 1 contract

Samples: Landlord's Agreement (Retail Ventures Inc)

Minimum Rent. (a) Tenant agrees to pay to Landlord, as minimum rent for the demised premises, equal consecutive monthly installments of TwentyForty-Nine three Thousand Four Hundred Eighty-two Eighteen and 29/100th 72/100 Dollars ($29,482.2943,418.72), commencing on the commencement date, and continuing on the first day of each calendar month during years one (1) through five (5) of the initial term of this Lease, monthly installments of ThirtyForty-four seven Thousand Four Seven Hundred Fifty-five one and 21/100th 75/100 Dollars ($34,455.2147,751.75) each calendar month during years six (6) through ten (10), and monthly installments of ThirtyFifty-Nine two Thousand Four Five Hundred Twenty-eight six and 13/100th 93/100 Dollars ($39,428.1352,526.93) each calendar month during years eleven (11) through fifteen (15) of the initial term of this Lease. All such rental shall be payable to Landlord in advance, without prior written notice or demand and without any right of deduction, abatement, counterclaim or offset whatsoever (unless specifically permitted in this Lease). Except as expressly set forth herein to the contrary, in In no event shall Tenant have the right to offset more than twenty-five percent (25%) of minimum rent in any calendar month, and Tenant shall have no right to offset against any additional rent other than any percentage rent payable hereunder. As used in this Lease, the terms “minimum rent” and “minimum rental” mean the minimum rental set forth in this Section 5(a)) as adjusted pursuant to Section 4 hereof. As used in this Lease, the terms “rent and “rental” mean minimum rental, percentage rental, additional rental and all other sums due and owing from Tenant to Landlord under this Lease.

Appears in 1 contract

Samples: Lease (Retail Ventures Inc)

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Minimum Rent. (a) Tenant agrees to pay to Landlord, as minimum rent for the demised premises, equal consecutive monthly installments of Twenty-Nine Thirty Five Thousand Four Hundred Eighty-two and 29/100th Dollars ($29,482.2935,000.00), commencing on the commencement date, and continuing on the first day of each calendar month during years one (1) through five three (53) of the initial term of this Lease, monthly installments of Thirty-four seven Thousand Four Five Hundred Fifty-five and 21/100th Dollars ($34,455.2137,500.00) each calendar month during years six four (64) through seven (7), monthly installments of Forty Thousand Dollars ($40,000.00) each calendar month during years eight (8) through ten (10), and monthly installments of ThirtyForty-Nine two Thousand Four Five Hundred Twenty-eight and 13/100th Dollars ($39,428.1342,500.00) each calendar month during years eleven (11) through fifteen (15) of the initial term of this Lease. All such rental shall be payable to Landlord in advance, without prior written notice or demand and without any right of deduction, abatement, counterclaim or offset whatsoever (unless specifically permitted in this Lease). Except as expressly set forth herein to the contrary, in In no event shall Tenant have the right to offset more than twenty-five percent (25%) of minimum rent in any calendar month, and Tenant shall have no right to offset against any additional rent other than any percentage rent payable hereunder. As used in this Lease, the terms "minimum rent" and “minimum rental” mean the minimum rental set forth in this Section 5(a). As used in this Lease, the terms “rent and “rental” mean minimum rental, percentage rental, additional rental and all other sums due and owing from Tenant to Landlord under this Lease."

Appears in 1 contract

Samples: Lease (Retail Ventures Inc)

Minimum Rent. (a) Tenant agrees to pay to Landlord, as minimum rent for the demised premises, equal consecutive monthly installments of Twenty-Nine Twenty Six Thousand Four One Hundred Eighty-two Ninety One and 29/100th no/100 Dollars ($29,482.2926,191.00), commencing on the commencement date, and continuing on the first day of each calendar month during years one (1) through five (5) of the initial term of this Lease, monthly installments of Thirty-four Twenty Eight Thousand Four Five Hundred Fifty-five Ninety One and 21/100th 84/100 Dollars ($34,455.2128,591.84) each calendar month during years six (6) through ten (10), and monthly installments of Thirty-Nine Thirty One Thousand Four Hundred Twenty-eight Fifty One and 13/100th 03/100 Dollars ($39,428.1331,451.03) each calendar month during years eleven (11) through fifteen (15) of the initial term of this Lease. All such rental shall be payable to Landlord in advance, without prior written notice or demand and without any right of deduction, abatement, counterclaim or offset whatsoever (unless specifically permitted in this Lease). Except as expressly set forth herein to the contrary, in In no event shall Tenant have the right to offset more than twenty-five percent (25%) of minimum rent in any calendar month, and Tenant shall have no right to offset against any additional rent other than any percentage rent payable hereunder. As used in this Lease, the terms "minimum rent" and “minimum rental” mean the minimum rental set forth in this Section 5(a). As used in this Lease, the terms “rent and “rental” mean minimum rental, percentage rental, additional rental and all other sums due and owing from Tenant to Landlord under this Lease."

Appears in 1 contract

Samples: Lease (Retail Ventures Inc)

Minimum Rent. (a) Tenant agrees to pay to Landlord, as minimum rent for the demised premises, equal consecutive monthly installments of TwentyForty-Nine three Thousand Four Hundred Eighty-two Eighteen and 29/100th 72/100 Dollars ($29,482.2943,418.72), commencing on the commencement date, and continuing on the first day of each calendar month during years one (1) through five (5) of the initial term of this Lease, monthly installments of ThirtyForty-four seven Thousand Four Seven Hundred Fifty-five one and 21/100th 75/100 Dollars ($34,455.2147,751.75) each calendar month during years six (6) through ten (10), and monthly installments of ThirtyFifty-Nine two Thousand Four Five Hundred Twenty-eight six and 13/100th 93/100 Dollars ($39,428.1352,526.93) each calendar month during years eleven (11) through fifteen (15) of the initial term of this Lease. All such rental shall be payable to Landlord in advance, without prior written notice or demand and without any right of deduction, abatement, counterclaim or offset whatsoever (unless specifically permitted in this Lease). Except as expressly set forth herein to the contrary, in In no event shall Tenant have the right to offset more than twenty-five percent (25%) of minimum rent in any calendar month, and Tenant shall have no right to offset against any additional rent other than any percentage rent payable hereunder. As used in this Lease, the terms "minimum rent" and "minimum rental" mean the minimum rental set forth in this Section 5(a)) as adjusted pursuant to Section 4 hereof. As used in this Lease, the terms "rent and "rental" mean minimum rental, percentage rental, additional rental and all other sums due and owing from Tenant to Landlord under this Lease.

Appears in 1 contract

Samples: DSW Inc.

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