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
Sources: 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
Sources: Business Park Net Lease (Centillium Communications Inc)
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
Sources: Business Park Net Lease (Opnext Inc)