Annual Lease Payment Sample Clauses

Annual Lease Payment. (a) During the Term of this Lease, Lessee shall pay to Lessor, in advance, pursuant to Lessor’s written instructions, without notice or demand, an Annual Lease Payment of one dollar ($1.00) payable on the anniversary of the execution of this Lease. (b) During the Term of this Lease, Lessee shall pay all property (real or personal) taxes assessed by Lessor with respect to the Solar Energy Facility or Lessee’s leasehold interest in the Premises. (c) Notwithstanding the foregoing, if the Net Metering Power Purchase Agreement is terminated pursuant to Section 6.1(d) or Section 8.4(c), and Lessee exercises its corresponding right (as Lessee) under Section 6.1(d)(ii) or Section 8.4((c)(ii), this Lease shall not terminate but shall be and remain in full force and effect until the Termination Date, unless terminated sooner in accordance with the terms hereof, and the annual Rent paid by Tenant to Landlord hereunder for the remainder of the Term shall be increased to reflect the fair market value of the leasehold interest provided herein with respect to the Solar Energy Facility, as agreed upon by the Parties or determined by an appraisal conducted by an appraiser mutually acceptable to both Parties. In the event of termination of this Lease, all obligations of the Parties hereunder beyond the date of termination shall cease except those which expressly survive expiration or termination of this Lease in accordance with the terms hereof.
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Annual Lease Payment a. The annual lease price per share is $750.00 per acre-foot the first year, subject to review every five (5) years thereafter. The price shall be indexed to the change in prices of CBT water as reported in the Stratecon, Inc. monthly reports, with the initial report referencing August, 2016 with an average price of 26,011.32/unit (Attachment A), with a minimum increase of 5%. Firestone shall pay the City an annual payment per acre- foot for the water delivered up to a maximum of three hundred acre feet under this Lease. x. Xxxxxxxxx shall provide to the City, the amount of water that it desires to lease for that season no later than February 1st. c. The City will submit an annual bill to Firestone for all municipal water supplied for that year, in accordance with this Lease. x. Xxxxxxxxx shall pay said amount to the City within thirty (30) days of receiving the City’s bill.
Sample 1
Annual Lease Payment a. The annual lease price per share is $750.00 per acre-foot the first year, with an increase of 5% every five (5) years thereafter. Firestone shall pay the City an annual payment per acre-foot for the water delivered up to a maximum of three hundred acre feet under this Lease. x. Xxxxxxxxx shall provide to the City, the amount of water that it desires to lease for that season no later than February 1st. c. The City will submit an annual xxxx to Firestone for all municipal water supplied for that year, in accordance with this Lease. x. Xxxxxxxxx shall pay said amount to the City within thirty (30) days of receiving the City’s xxxx.
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Annual Lease Payment. In order to ensure the community has access to the Improvements and that the programming for the community is enhanced, Belmont shall pay MNPS an annual lease payment of $35,000, with a 3% escalator for inflation annually to support after school programs at the batting facility, Xxxxxx Center, Xxxx Xxxx, Xxxx Xxxx Middle School, or Xxxxxx Xxxxxxxx Elementary School. These payments shall be made annually on the anniversary of the Commencement Date. MNPS shall document annually how funds are used including the names of the school or community groups, number of children participating, and hours of operation at the batting facility used by MNPS.
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Annual Lease Payment. Lease Payments shall be paid on an annual basis, and are to accrue from July 1st to June 30th, and are due the last day of the first month of the City’s fiscal year, July 31st. For any Leased Fiber for which the Date of Delivery is after June 30th, Lease Payment shall be prorated from the Date of Delivery as defined in paragraph 4.6, to June 30th. City shall send an invoice dated no later than thirty (30) days prior to the annual due date to Lessee as a reminder of the total amount of the annual Lease Payment due before July 31st. If Lessee does not receive such an invoice, Lessee is still bound to pay the annual Lease Payment by the due date of July 31st, which amount is set forth in approved Application(s). OR
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Annual Lease Payment. As consideration for the lease and easements set forth herein for the entire Term and any renewal or extension thereof, Buyer shall pay to Seller the sum of one hundred dollars ($100) annually, such payment being due on or before the twenty-fifth (25th) Day of the first month of each Contract Year.
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Annual Lease Payment. The District agrees to pay MPRPD as payment for lease of the Premises, the sum ofOne Dollar ($1.00) per year, payable in advance to MPRPD on execution ofthis Agreement.
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Annual Lease Payment a. During the Term of this Lease, Lessee shall pay to Lessor, in advance, pursuant to Lessor’s written instructions, without notice or demand, an Annual Lease Payment of one dollar ($1.00) payable on the anniversary of the execution of this Lease. Lessee’s failure to pay the Annual Lease Payment shall not entitle Lessor to terminate this Lease. b. During the Term of this Lease, Lessee shall pay all property (real or personal) taxes assessed by Lessor with respect to the Solar Energy Facility or Lessee’s leasehold interest in the Premises.
Sample 1

Related to Annual Lease Payment

  • Lease Payments Tenant agrees to pay to Landlord as rent for the Premises the amount of dollars ($ ) each month in advance on the 1st day of each month at month of , 20 or at any other address designated by Landlord. If the Lease Term does not start on the 1st day of the month or end on the last day of a month, the first and last month’s rent will be prorated accordingly.

  • Base Monthly Rent Commencing on the Commencement Date and continuing throughout the Lease Term, Tenant shall pay to Landlord the Base Monthly Rent set forth in Section K of the Summary.

  • Minimum Monthly Rent (Section 1.5): Tenant shall pay to Landlord Minimum Monthly Rent for the Premises during the Extended Term in accordance with the schedule and in the amount set forth below: 01/01/13-07/31/13 $ 1,776.25 per month $ 8,645.00 per month $ 10,421.25 per month 08/01/13-07/31/14 $ 1,827.00 per month $ 8,892.00 per month $ 10,719.00 per month 08/01/14-07/31/15 $ 1,877.75 per month $ 9,139.00 per month $ 11,016.75 per month

  • Monthly Rent a. Commencing as of the Commencement Date, and continuing thereafter on or before the first day of each calendar month during the term hereof, Tenant shall pay to Landlord, as monthly rent for the Premises, the Monthly Rent specified in Paragraph 2 above. If Tenant’s obligation to pay Monthly Rent hereunder commences on a day other than the first day of a calendar month, or if the term of this Lease terminates on a day other than the last day of a calendar month, then the Monthly Rent payable for such partial month shall be appropriately prorated on the basis of a thirty (30)-day month. Monthly Rent and the Additional Rent specified in Paragraph 7 shall he paid by Tenant to Landlord, in advance, without deduction, offset, prior notice or demand, in immediately available funds of lawful money of the United States of America, or by good check as described below, to the lockbox location designated by Landlord, or to such other person or at such other place as Landlord may from time to time designate in writing. Payments made by check must be drawn either on a California financial institution or on a financial institution that is a member of the federal reserve system. Notwithstanding the foregoing, Tenant shall pay to Landlord together with Tenant’s execution of this Lease an amount equal to the Monthly Rent payable for the first full calendar month of the Lease term after Tenant’s obligation to pay Monthly Rent shall have commenced hereunder, which amount shall be applied to the Monthly Rent first due and payable hereunder. b. All amounts payable by Tenant to Landlord under this Lease, or otherwise payable in connection with Tenant’s occupancy of the Premises, in addition to the Monthly Rent hereunder and Additional Rent under Paragraph 7, shall constitute rent owed by Tenant to Landlord hereunder. c. Any rent not paid by Tenant to Landlord when due shall bear interest from the date due to the date of payment by Tenant at an annual rate of interest (the “Interest Rate”) equal to the lesser of (i) twelve percent (12%) per annum or (ii) the maximum annual interest rate allowed by law on such due date for business loans (not primarily for personal, family or household purposes) not exempt from the usury law. Notwithstanding the foregoing, Landlord shall give Tenant notice of non-payment of rent when due and five (5) days after delivery of such notice to cure such non-payment once in each calendar year before assessing interest in such calendar year pursuant to this Paragraph 5.c. Failure by Tenant to pay rent when due, including any interest accrued under this subparagraph, shall constitute an Event of Default (as defined in Paragraph 25 below) giving rise to all the remedies afforded Landlord under this Lease and at law for nonpayment of rent. d. No security or guaranty which may now or hereafter be furnished to Landlord for the payment of rent due hereunder or for the performance by Tenant of the other terms of this Lease shall in any way be a bar or defense to any of Landlord’s remedies under this Lease or at law. e. Notwithstanding anything to the contrary in this Lease: (i) in no event may any rent under this Lease be based in whole or in part on the income or profits derived from the Premises, except for percentage rent based on gross (not net) receipts or sales; (ii) if the holder of a Superior Interest (as defined in Paragraph 21 below) succeeds to Landlord’s interest in the Lease (“Successor Landlord”) and the Successor Landlord is advised by its counsel that all or any portion of the rent payable under this Lease is or may be deemed to be “unrelated business income” within the meaning of the Internal Revenue Code or regulations issued thereunder, such Successor Landlord may, at its option, unilaterally amend the calculation of rent so that none of the rent payable to Landlord under the Lease will constitute “unrelated business income,” but the amendment will not increase Tenant’s payment obligations or other liability under this Lease or reduce the Landlord’s obligations under this Lease and (iii) upon the Successor Landlord’s request, Tenant shall execute any document such holder deems necessary to effect the foregoing amendment to this Lease.

  • Rent Payment Tenant shall pay the Base Rent for the premises and any additional rent provided herein without deduction or offset. Rent for any partial month during the lease term shall be prorated to reflect the number of days during the month that Tenant occupies the premises. Additional rent means amounts determined under section 19 of this lease and any other sums payable by Tenant to Landlord under this lease. Rent not paid when due shall bear interest at the rate of one-and-one-half per month until paid. Landlord may at its option impose a late charge of $.05 for each $1 of rent for rent payments made more than 10 days late in lieu of interest for the first month of delinquency, without waiving any other remedies available for default. Failure to impose a late charge shall not be a waiver of Landlord's rights hereunder.

  • Payment of Base Rent Tenant agrees to pay the Base Rent for the Premises. Monthly Installments of Base Rent shall be payable in advance on the first day of each calendar month of the Term. If the Term begins (or ends) on other than the first (or last) day of a calendar month, the Base Rent for the partial month shall be prorated on a per diem basis. Tenant shall pay Landlord the first Monthly Installment of Base Rent when Tenant executes the Lease.

  • Operating Expense Payments Landlord shall deliver to Tenant a written estimate of Operating Expenses for each calendar year during the Term (the “Annual Estimate”), which may be revised by Landlord from time to time during such calendar year. During each month of the Term, on the same date that Base Rent is due, Tenant shall pay Landlord an amount equal to 1/12th of Tenant’s Share of the Annual Estimate. Payments for any fractional calendar month shall be prorated.

  • Fixed Rent (a) Commencing as of the Rent Commencement Date, Tenant shall pay Fixed Rent to Landlord, or Landlord’s designee as designated in a written notice to Tenant at such address as Landlord shall from time to time designate by written notice to Tenant. Except as hereinafter provided, the Fixed Rent shall be due and payable in the amounts set forth on Schedule 2 hereto for the respective periods shown on such Schedule 2. Fixed Rent shall be due and payable in advance on the first day of each month (or if such first day is not a business day, the first business day of each month), commencing on the Date of Rent Commencement, during the Term (each such date being referred to herein as a “Due Date”). Notwithstanding the foregoing, from the Date of Rent Commencement until Tenant is notified otherwise by Landlord and Lender, Fixed Rent shall be paid by wire transfer to the account specified in the rent direction letter from Landlord to Tenant delivered concurrently with the execution and delivery of this Lease. (b) If the Lease Commencement Date or Rent Commencement Date shall be on any day other than the first day of a calendar month, then all amounts to be paid on such dates shall be prorated on a per diem basis. (c) If any installment of Fixed Rent is not paid on the respective Due Date, Tenant shall pay Landlord interest on such overdue payment at the Lease Default Rate, accruing from the Due Date of such payment until the same is paid; provided, however, the foregoing obligation to pay the Default Rate shall not be required for the first late payment of Fixed Rent in any calendar year so long as such delay in payment does not continue for longer than a period of ten (10) days. All Fixed Rent and Additional Rent shall be payable in U.S. Dollars. (d) Commencing as of the Lease Commencement Date, all taxes, costs, expenses, and other amounts which Tenant is required to pay pursuant to this Lease (other than Fixed Rent), together with every fine, penalty, interest and cost which may be added in accordance herewith for non-payment or late payment thereof shall constitute additional rent (“Additional Rent”). All Additional Rent due to Landlord (or its designee) shall be paid directly by Tenant within thirty (30) days after Landlord gives written notice that payment is due, unless otherwise provided in this Lease, in which case, the Additional Rent shall be paid as otherwise so provided. Unless otherwise provided herein, Additional Rent payable by Tenant to a third (3rd) party (i.e., utility charges, maintenance contracts, supply contracts, vendor contracts, etc.) shall be paid as and when the same shall be due and payable pursuant to Tenant’s agreement or other arrangement with the applicable third (3rd) party. If Tenant shall fail to pay any such Additional Rent or any other sum due hereunder when the same shall become due (after the expiration of the applicable cure periods therefor), Landlord shall have all rights, powers and remedies with respect thereto as are provided herein or by Law in the case of non-payment of any Fixed Rent and shall, except as expressly provided herein, have the right (after the expiration of the applicable cure periods thereof), not sooner than ten (10) days after notice to Tenant (except in the event of an emergency, as reasonably determined by Landlord, in which case prior notice shall not be necessary) of its intent to do so, to pay the same on behalf of Tenant, and Tenant shall repay such amounts to Landlord on demand. Tenant shall pay to Landlord interest at the Lease Default Rate on all overdue Additional Rent and other sums due hereunder, in each case paid by Landlord or Lender on behalf of Tenant, from the date of payment by Landlord or Lender until repaid by Tenant.

  • Monthly Base Rent With respect to any Payment Date and any Lease Vehicle (other than a Lease Vehicle with respect to which the Disposition Date occurred during such Related Month), the “Monthly Base Rent” with respect to such Lease Vehicle for such Payment Date shall equal the pro rata portion (based upon the number of days in the Related Month with respect to such Payment Date that were included in the Vehicle Term for such Lease Vehicle) of the Depreciation Charge for such Lease Vehicle as of the last day of such Related Month calculated on a 30/360 day basis.

  • Rent Payments Xxxxxx agrees to pay rent to the Landlord during the term of this Lease in equal monthly installments of $975, which shall be paid on or before the first day of the month. Xxxxxx agrees that if rent is not paid in full on or before 1st day of the month, Tenant will pay a late charge of $97.50 as allowed by applicable Georgia law.The prorated rent from the commencement of this Lease to the first day of the following month is $975, which amount shall be paid at the execution of this Lease. Xxxxxx agrees that rent shall be paid in lawful money of the United States via the Xxxxx Residents App. Rent payments shall be made payable to and mailed or delivered to the following address: P.O. Box 17942 Atlanta, GA 30316. All notices from Tenant to Landlord under this Lease and applicable Georgia law shall be delivered to the above address. Xxxxxx agrees that rent will be deemed paid only once Landlord or Landlord’s agent receives the rent monies, either by mail or by delivery to the above address. If there are multiple Tenants signed to this Lease, all such Tenants are jointly, severally and individually bound by, and liable under, the terms and conditions of this Lease. A judgment entered against one Tenant shall be no bar to an action against other Tenants.

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