Payment of Base Rent and Additional Rent. Ten ant shall pay the Base Rent set forth in Section 1 above in equal installments of one-twelfth (1/12) of the annual Base Rent in advance on the first day of each calendar month. Tenant shall pay a proportionate share of such monthly installment for any fraction of a calendar month that occurs at the beginning or end of the Term of this Lease. Tenant shall pay the full amount of all Base Rent and Additional Rent due hereunder and the full amount of all such other sums of money as shall become due under this Lease, all of which hereinafter may be collectively called “Rent,” without demand or notice and without deduction, abatement, counterclaim, or set-off, to Landlord, at c/o Synergy Investments, 000 Xxxxxxxx Xxxxxx, Xxxxx 000, Xxxxxx, Xxxxxxxxxxxxx 00000, or at such other place as designated from time to time by Landlord in writing. Landlord and Tenant hereby confirm that the Base Rent is not based on Tenant’s income or profit derived from the Premises. If Tenant fails to pay Base Rent or Additional Rent for five (5) calendar days after the date when due, Tenant shall pay a Two Hundred Fifty ($250.00) dollar penalty (“Late Payment Penalty”) to Landlord. Additionally, Tenant shall pay interest at the annual rate of fifteen percent (15%) (the “Late Payment Rate”) per month on unpaid Base Rent and Additional Rent from the date when due until paid. All other charges which Tenant is required to pay in accordance with this Lease, together with all interest and penalties that may accrue thereon, shall be deemed to be “Additional Rent”, and in the event of non-payment thereof by Tenant, Landlord shall have all the rights and remedies as would accrue to Landlord for non-payment of Base Rent. Subject to the terms and conditions of this Lease, Tenant shall not be obligated to pay any Base Rent otherwise attributable to the Premises during the first two (2) months of the Term (the “Rent Abatement Period”). Tenant acknowledges and agrees that the amount of the rent abatement equals $35,574.50 (two (2) months x $17,787.25 = $35,574.50) (the “Rent Abatement”). Tenant acknowledges and agrees that the foregoing Rent Abatement has been granted to Tenant as additional consideration for entering into this Lease, and for agreeing to pay the rental and perform the terms and conditions otherwise required under this Lease. If, prior to the expiration of the Rent Abatement Period, Tenant shall be in an Event of Default under this Lease, beyond any applicable notice and cure per...
Payment of Base Rent and Additional Rent. (i) Base rent and the additional rent payable by Subtenant hereunder and all other amounts payable by Subtenant to Sublessor hereunder shall be paid to Sublessor at its office at 0000 Xxxxx Xxxxxx Xxxxx, Xxxxx, Xxxx 00000, Attention: Real Estate Department or at such other place or places as Sublessor may designate to Subtenant, in lawful money of the United States, by good and sufficient check (subject to collection) or at Sublessor's option by wire transfer of immediately available funds to the account designated by Sublessor.
Payment of Base Rent and Additional Rent. Base Rent shall be payable in equal monthly installments in advance on the first day of each and every month during the Term, without previous demand therefore and without offset or deduction of any kind whatsoever, other than as expressly provided for herein. In addition to Base Rent, Tenant shall pay to Landlord Additional Rent as and when specified elsewhere in this Lease, but if not specified, then within ten (10) days following demand from Landlord. Base Rent and Additional Rent for partial calendar months shall be prorated on a daily basis (based on a thirty-day month and the actual number of days elapsed). All Base Rent and Additional Rent payable by Tenant under this Lease is collectively referred as “Rent” and shall be made payable to Landlord and sent to Landlord’s at such address as provided by Landlord in writing, from time to time.
Payment of Base Rent and Additional Rent. (a) Commencing on December 1, 2023 (“Sublease Rent Commencement Date”) throughout the Term of this Sublease until the Sublease Expiration Date, Subtenant shall pay to Sublandlord fixed base rent (“Base Rent”) as follows: Time Period Annual Base Rent Monthly Base Rent Base Rent Per Square Foot Sublease Rent Commencement Date to August 31, 2024 $ 326,970.00 $ 27,247.50 $ 35.00 September 1, 2024 to August 31, 2025 $ 336,312.00 $ 28,026.00 $ 36.00 September 1, 2025 to August 31, 2026 $ 345,654.00 $ 28,804.50 $ 37.00 September 1, 2026 to August 31, 2027 $ 354,996.00 $ 29,583.00 $ 38.00 September 1, 2027 to August 31, 2028 $ 364,338.00 $ 30,361.50 $ 39.00 September 1, 2028 to Sublease Expiration Date $ 373,680.00 $ 31,140.00 $ 40.00 Subtenant shall pay to Sublandlord the first monthly installment of Base Rent at the time of execution and delivery of this Sublease by Subtenant to Sublandlord and shall pay all other monthly installments of Base Rent on or before the first (1st) day of each calendar month during the Term. The parties acknowledge and agree that no Base Rent shall be due or payable for the period starting on the Commencement Date and continuing through the Rent Commencement Date.
Payment of Base Rent and Additional Rent. Tenant shall pay the Base Rent and Additional Rent (collectively, the "Rents") when due, without notice or demand, and without any abatement, deduction or set-off, except for any notices, demands, abatements, deductions or set-offs expressly provided for elsewhere in this Lease. Tenant shall pay the Rents to Landlord's Agent in lawful money of the United States at the address set forth in the definition of Landlord's Agent or such other place as Landlord may designate by notice to Tenant by check so that funds will be available to Landlord on or prior to the due date of such Rents.
Payment of Base Rent and Additional Rent. (a) Throughout the Term of this Sublease, Subtenant shall pay to Sublandlord fixed base rent (“Base Rent”) at the rate of Twenty Thousand and 00/100 Dollars ($20,000) per month from the Sublease Commencement Date to the Sublease Expiration Date, payable in equal monthly installments (except for prorated amounts as may be payable for any partial months during the Term). Subtenant shall pay to Sublandlord the first monthly installment of Base Rent (or a prorated portion of such Base Rent if for less than a full month) at the time of execution and delivery of this Sublease by Subtenant to Sublandlord and shall pay all subsequent monthly installments of Base Rent prior to the first day of each month.
Payment of Base Rent and Additional Rent. (a)Throughout the Sublease Term, Subtenant shall pay to Sublandlord fixed base rent (“Base Rent”) at the rate of: (i) $59,464.50 per month on a full-service basis from the Sublease Commencement Date to the Sublease Expiration Date, payable in equal monthly installments, in advance, on the first day of each calendar month during the Sublease Term, pro rated on a per diem basis for any partial calendar month(s). The Base Rent shall be subject to an annual three (3%) percent escalation effective on each anniversary of Sublease Commencement Date, as more particularly set forth on the Base Rent table attached hereto as Schedule II. Subtenant shall pay to Sublandlord the first monthly installment of Base Rent concurrently with the execution and delivery of this Sublease by Subtenant to Sublandlord. Notwithstanding anything to the contrary herein, the Base Rent shall be abated in full for the first three full calendar months of the Sublease Term.
Payment of Base Rent and Additional Rent. (i) The rent reserved under this Sublease shall consist of the Base Rent and Expenses and Taxes described in Paragraph 4 above and any other amounts payable by Subtenant hereunder, including without limitation any amounts payable pursuant to Paragraph 10(d) hereof (collectively with the Expenses and Taxes, the “Additional Rent”). Base Rent and Additional Rent payable by Subtenant to Sublandlord hereunder shall be paid to Sublandlord at the address set forth above, Attention: Real Estate Department or at such other place or places as Sublandlord may designate to Subtenant in writing, in lawful money of the United States, by good and sufficient check (subject to collection) or at Sublandlord’s option by wire transfer of immediately available funds to the account designated by Sublandlord.
Payment of Base Rent and Additional Rent. Tenant shall pay the Base Rent and Additional Rent (collectively, the "Rents") when due, without notice or demand, and without any abatement, deduction or set-off, except for any notices, demands, abatements, deductions or set-offs expressly provided for elsewhere in this Lease. Tenant shall pay the Rents to Landlord in lawful money of the United States by check or other method of payment so that in any case the funds are "available" on the due date for payment thereof at the Address of Landlord or such other place in The City of New York as Landlord may designate by notice to Tenant.
Payment of Base Rent and Additional Rent. (a) Throughout the Term of this Sublease, Subtenant shall pay to Sublandlord fixed base rent (“Base Rent”) at a per annum rate from April 1, 2018 (the “Rent Commencement Date”) to the Sublease Expiration Date, as listed below, payable in equal monthly installments. Subtenant shall pay to Sublandlord installments of Base Rent no less than five (5) business days prior to the date same is due under the Primary Lease. Rent Period Per Annum Per Square Feet Monthly Installment 04/01/18 - 09/30/2018 $2,700,681.25 $66.25 $225,056.77 10/01/2018 - 09/30/2019 $2,781,701.69 $68.24 $231,808.47 10/01/2019 - 09/30/2020 $2,864,964.20 $70.28 $238,747.02 10/01/2020 - 09/30/2021 $2,950,913.13 $72.39 $245,909.43 10/01/2021 - 09/30/2022 $3,039,640.54 $74.56 $253,303.38 10/01/2022 - 09/30/2023 $3,130,752.00 $76.80 $260,896.00 10/01/2023 - 09/30/2024 $3,224,919.15 $79.11 $268,743.26 10/01/2024 - 09/30/2025 $3,321,532.20 $81.48 $276,794.35 (b) In addition to Base Rent, commencing on the Sublease Commencement Date and continuing throughout the Term of this Sublease, Subtenant shall pay to Sublandlord:
