Annual Rent Sample Clauses
Annual Rent. Lessees shall pay as rental for the land $_________ for each growing season. This represents a rental fee of $______ per acre on 66 tillable acres. Lessee shall pay one-half of the rent ($___________) for the growing season in full on or before April 1 with the balance paid in full by November 30 each year.
Annual Rent. During the Lease Term, the Lessee must pay to the Lessor Annual Rent for the Premises in the aggregate annual amount of ($ ) (as adjusted for CPI if provided below) payable in advance in equal monthly installments on the first day of each calendar month.
Annual Rent. TDI-NE shall pay State annual rent in advance. During the first year of this Lease and for the first ten (10) years of the Initial Term, annual rent shall be $4 million per year. The parties agree that the rent provided for hereunder is fair market value ("FMV") rent in accordance with 19 V.S.A. §26a(a). Commencing in the eleventh (11th) year of the Initial Term, the State and TDI-NE shall adjust the annual rent to be payable annually for the duration of the Initial Term by 1.5% for each remaining year in the Initial Term, as shown in the attached table. Thereafter, the rent shall again be adjusted, and paid, in the same fashion for each successive Extension Term including any period of holdover, unless the Lease is sooner terminated. Annual rent payments shall be due and payable on or before each anniversary date of the Commencement Date of the Initial Term and any of the Extension Terms. The initial rent payment shall be due and payable prior to execution of this Lease by the State. All rent payments made by TDI-NE hereunder shall be less any rents paid by TDI-NE under the Master License Agreement for use of the railroad segment. TDI-NE shall make its annual rent payable to "Treasurer, State of Vermont” and each said payment shall be mailed to the State at: Vermont Agency of Transportation Financial Operations One National Life Drive Montpelier, VT 05633-5001 or as otherwise directed in writing by State. In the event of past due rent, if such failure is continuing ten (10) business days after written notice of such failure, the State may assess interest on the overdue amount in accordance with the maximum legal rate of interest under the Vermont statutes. In further consideration for this Lease, TDI-NE shall pay any Vermont Transfer Tax that may be due upon account of this Lease. The Parties shall cooperate in the preparation and execution of a Memorandum of Lease (including a memorandum of any amendments hereto) to be recorded in the land records, together with any transfer tax return that may be required. The Parties expressly agree that a Memorandum of Lease in proper statutory form may be recorded by either the State or TDI-NE. INITIAL LEASE TERM 1 $4,000,000 2 $4,000,000 3 $4,000,000 4 $4,000,000 5 $4,000,000 6 $4,000,000 7 $4,000,000 8 $4,000,000 9 $4,000,000 10 $4,000,000 11 $4,060,000 12 $4,120,900 13 $4,182,714 14 $4,245,454 15 $4,309,136 16 $4,373,773 17 $4,439,380 18 $4,505,970 19 $4,573,560 20 $4,642,163 21 $4,711,796 22 $4,782,473 23 $4,854,...
Annual Rent. Annual rent for the term of the Lease shall be [AMOUNT] Dollars ($[#]), plus applicable sales tax.
Annual Rent. The annual rent of the above described land for 20 and each following year of the agreement shall be $ , as adjusted by the Consumer Price Index (CPI) and is due and payable to Ogden City Corporation, in advance, on the first business day of each calendar year of the Agreement.
Annual Rent. Tenant shall pay to the District for the Leased Premises the Annual Rent for each Lease Year (Twelve months beginning on the first day of March and ending on the last day of February) during the term of this Lease set forth in Exhibit “A” attached hereto and incorporated herein by this reference. Annual Rent for the first Lease Year and the last Lease Year of the term of this Lease shall be prorated if the first or last Lease Year is a partial Lease Year.
Annual Rent. (i) Office space and Pro Rata Share of Building Common Areas - $16.15 per square foot, or $2,366,863.25
(ii) Distribution space - $4.35 per square foot, or $2,244,478.20
(iii) Total Annual Rent of $4,611,341.45
(iv) The Annual Rent shall be subject to periodic adjustments as provided in Section 4.02 of this Lease
Annual Rent. 3.3.1 Immediately upon Lessee’s receipt of monies from the operation of the F&B/R concessions herein authorized, the portion of monies belonging to Lessor under the terms of this Lease shall immediately be vested in and become the property of Lessor, and Lessee shall be responsible for the monies until the same are delivered to Lessor.
3.3.2 For purposes of this Lease, “Lease Year” means the twelve-month period beginning on January 1st and ending December 31st. “Prorated Lease Year” means the period from when Lessee begins operation or December 31st, whichever occurs first, until the beginning of the first Lease Year, and the period from the last Lease Year until termination.
Annual Rent. The Lessee shall pay to the Lessor an Annual Rent of XXXXX Thousand XXX Hundred XXX Dollars and Zero Cents ($XXX.00) payable at XXX Hundred XXXX Dollars and Zero Cents ($xxxx.00) in equal monthly installments during the term of this Lease. The Annual Rent shall commence on the first day of the month after the Construction Period of six months or less has expired, as described in Section 4.01 herein. Payment of Annual Rent shall be made in equal monthly installments in advance on the first day of every month during the term thereof, without any previous demand by Lessor, provided, however, if possession of the Leased Premises is granted to the Lessee at a date after the first of the month, then in such event the rent for such first month shall be prorated. If any installment of Annual Rent or Construction Period Rent is not received by the 10th day after the day when payment is due it shall bear interest at the rate of ten percent (10%) per month from the date when the same was due per the term of this Lease until paid by Lessee. The Annual Rent or Construction Period Rent shall be paid at Lessor’s office at 3274 Estate Richmond, Christiansted, St. Croix, U.S. Virgin Islands 00820, together with any other sum due as additional rent as provided herein.