Annual Fixed Minimum Rent Sample Clauses

Annual Fixed Minimum Rent. Tenant’s obligation to pay rent shall begin on the Commencement Date. Tenant agrees to pay to Landlord at the office of Landlord, or at such other place designated by Landlord, without prior demand, and without any deduction or setoff whatsoever, as fixed rental, the annual fixed minimum rent, specified in the Summary for the Lease Term (the “Annual Rent”) with such payments to be in advance upon the first day of each calendar month of each Lease Year if such date is a business day, otherwise on the next following date that is a business day. If the Commencement Date is other than the first day of a calendar month, then Tenant shall pay, upon the Commencement Date, a pro rata portion of the Annual Rent described prorated on a per diem basis with respect to the fractional calendar month.
Sample 1
AutoNDA by SimpleDocs
Annual Fixed Minimum Rent. (Section 3.1) The sum of $________ per year payable in equal monthly installments in advance of $________ until adjusted as provided in this Lease.
Sample 1
Annual Fixed Minimum Rent. Tenant’s obligation to pay rent shall begin on the Commencement Date. Tenant agrees to pay to Landlord at the office of Landlord, or at such other place designated by Landlord, without prior demand, and without any deduction or set-off whatsoever, as fixed rental, one-twelfth of the annual fixed minimum rent, as escalated from year to year, specified in the Summary for the Lease Term (the “Annual Rent”) with such payments to be in advance upon the first day of each calendar month of each Lease Year. If the Commencement Date is other than the first day of a calendar month, then Tenant shall pay, upon such Commencement Date, a pro rata portion of the Annual Rent installment described in the foregoing clause prorated on a per diem basis with respect to the fractional calendar month.
Sample 1

Related to Annual Fixed Minimum Rent

  • 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:

  • Monthly Rent The rent amount for the initial period shall be: _ Dollars ($_ ) paid on the _ (#) day of every month and: (check one) ☐ - Shall remain the same during the Initial Term. ☐ - Shall increase during the Initial Term as follows: 1st Period: • From _ _ (mm/dd/yyyy), to _ (mm/dd/yyyy). • Monthly Rent: _ _ Dollars ($ ) 2nd Period: • From _ _ (mm/dd/yyyy), to _ (mm/dd/yyyy). • Monthly Rent: _ _ Dollars ($ )

  • Basic Rent The periodic rent payable for the Aircraft throughout the Basic Term pursuant to Section 3.02 of the Lease, adjusted pursuant to Article 3 of the Lease. Basic Term. The period commencing at the beginning of the day on the Delivery Date and ending at the end of the day on July 15, 2023, or such earlier date on which the Lease shall be terminated as provided therein.

  • Base Rent Lessee shall pay Base Rent and other rent or charges, as the same may be adjusted from time to time, to Lessor in lawful money of the United States, without offset or deduction, on or before the day on which it is due under the terms of this Lease. Base Rent and all other rent and charges for any period during the term hereof which is for less than one full month shall be prorated based upon the actual number of days of the month involved. Payment of Base Rent and other charges shall be made to Lessor at its address stated herein or to such other persons or at such other addresses as Lessor may from time to time designate in writing to Lessee.

  • Calendar Year Calendar Year" for the purposes of this Agreement shall mean the twelve (12) month period from January 1st to December 31st, inclusive.

  • Lease Period The lease period of the Finance Lease Agreement I is 36 months, which commenced on October 28, 2022. The lease period of the Finance Lease Agreement II is 36 months, which shall commence on July 31, 2023.

  • Contract Year A twelve (12) month period during the term of the Agreement commencing on the Effective Date and each anniversary thereof.

  • Minimum Reporting Allowance If an employee reports for work at the regularly scheduled time and no work is available such employee will be paid a minimum of four (4) hours pay at her regular rate provided:

  • Normal Work Year The normal work year for the Administrator shall be Two Hundred Sixty (260) days between July 1 and June 30 annually which will include all student attendance days and teacher work days. The Administrator shall not be entitled to any additional paid days unless specifically required to work beyond the Two Hundred Sixty (260) day contract by the Superintendent or the Board.

  • Annual Rent LESSEE covenants and agrees to pay as rent to LESSOR the sum of ($ ) for the first year of this lease which shall be due at the time of approval by the Board of Education. Subsequent payment of annual rent shall be due on or before the anniversary date of this Lease Agreement. The obligation of LESSEE to pay rent under this Lease Agreement is unconditional, and the rent shall not be subject to set off for any reason or cause. LESSOR and LESSEE agree that in the event of termination or cancellation, any rental payment made during the term of this Lease Agreement is not refundable, and LESSEE waives any right or claim it may have to refund of rent paid. Rents shall be adjusted annually pursuant to the rent adjustment clause contained in Paragraph 3 of this Lease Agreement. In the event LESSEE is delinquent in the payment of rent, LESSEE shall pay a late charge equal to fifteen percent (15%) of the amount of rent past due for more than 30 days and thereafter shall pay interest on any rent past due at an annual rate (the "Default Rate") equal to the maximum rate then allowed by law or, if there is no maximum rate, then a rate equal to five percent per annum above the discount rate, excluding any surcharge thereon, on ninety-day commercial paper in effect at the Federal Reserve Bank in the Federal Reserve district in which LESSOR is located, calculated according to the actuarial method.

Time is Money Join Law Insider Premium to draft better contracts faster.