Advance Rent. The sum specified in Section 1.8 (B) is paid to Landlord upon execution of this Lease as advance Rent; provided, however, that Landlord shall hold such amount as a Security Deposit pursuant to the Lease until Landlord applies it to the Base Rent.
Appears in 3 contracts
Samples: Office Lease (Impinj Inc), Office Lease (Impinj Inc), Office Lease (Impinj Inc)
Advance Rent. The sum amount specified in Section 1.8 (B) is paid to Landlord upon execution of this Lease as advance Advance Rent; provided, however, that Landlord shall hold such amount shall be held by Landlord as a Security Deposit pursuant to the Lease until it is applied by Landlord applies it to the Base Minimum Monthly Rent. Said Advance Rent shall be applied to the first full payment of the Minimum Monthly Rent.
Appears in 1 contract
Samples: Business Park Net Lease (Centillium Communications Inc)
Advance Rent. The sum amount specified in Section 1.8 (B1.9(B) hereof is paid herewith to Landlord upon execution of this Lease as advance Rent; rent, receipt of which is hereby acknowledged, provided, however, that Landlord shall hold such amount shall be held by Landlord as a an additional “Security Deposit Deposit” pursuant to the this Lease until it is applied by Landlord applies it to the Base Rentfirst Minimum Monthly Rent due hereunder.
Appears in 1 contract
Advance Rent. The sum amount specified in Section 1.8 (B) is paid to Landlord upon execution of this Lease as advance Rent; provided, however, that Landlord shall hold such amount shall be held by Landlord as a Security Deposit pursuant to the Lease until it is applied by Landlord applies it to the Base Minimum Monthly Rent.
Appears in 1 contract
Samples: Business Park Net Lease (Opnext Inc)