Common use of Annual Rent Additional Rent Clause in Contracts

Annual Rent Additional Rent. (a) Tenant shall pay to Landlord at the address set forth in Par. 1 (a), or to such other person or at such other place as the Landlord may from time to time designate, without previous demand therefor and without counterclaim, deduction or set-off, the annual rent (“Annual Rent”) set forth on the Annual Rent Rider attached hereto. Annual Rent shall be payable in monthly installments as set forth on the Annual Rent Rider in advance on the first day of each month during the Term of the Lease. Annual Rent for a partial month shall be prorated. The first monthly installment of Annual Rent in the amount of $15,310.00 shall be paid by Tenant on the execution of this Lease. (b) All other sums other than Annual Rent payable by Tenant under this Lease shall be deemed to be “Additional Rent” regardless of to whom such sums may be payable. Additional Rent shall be payable without counterclaim, deduction or set-off. In the event of Tenant’s failure to make timely payment of any item of Additional Rent, Landlord shall have available to it all rights and remedies provided by this Lease and by law as for non-payment of Annual Rent. The term “rent” in the Lease means Annual Rent and Additional Rent. (c) Notwithstanding anything to the contrary contained herein, for and during the period of time commencing on the Commencement Date and ending at 11:59 p.m. on the day immediately preceding the Part B Premises Commencement Date, Tenant shall be obligated to pay Annual Rent for the Part A Premises but not for the Part B Premises. Commencing on the Part B Premises Commencement Date and ending fifteen (15) weeks thereafter (the “Rent Concession Period”), Tenant shall not be obligated to pay Annual Rent for either the Part A Premises or the Part B Premises. Commencing on the day immediately following the expiration of the Rent Concession Period (the “Rent Commencement Date”), Tenant shall pay the Annual Rent set forth on the Annual Rent Rider attached hereto. The first monthly installment of Annual Rent payable by Tenant on the execution of this Lease shall be for the first full calendar month following the Rent Commencement Date.

Annual Rent Additional Rent. (a) Tenant shall pay to Landlord at the address set forth in Par. 1 (aSection 1(a), or to such other person or at such other place as the Landlord may from time to time designate, without previous demand therefor and without counterclaim, deduction or set-off, the annual rent (“Annual Rent”) set forth on the Annual Rent Rider attached hereto. Annual Rent shall be payable in monthly installments as set forth on the Annual Rent Rider in advance on the first day of each month during the Term of the LeaseLease commencing upon the Rent Commencement Date. If the Rent Commencement Date shall be other than the first day of a calendar month, Tenant shall pay Landlord on the Rent Commencement Date the proportionate amount of Annual Rent for a partial the balance of such month shall be proratedcomputed by dividing the monthly Annual Rent by thirty (30) and then multiplying the result by the number of days beginning with and including the Rent Commencement Date and ending with and including the last day of the month in which the Rent Commencement Date occurs. The first full monthly installment of Annual Rent in the amount of $15,310.00 shall be paid by Tenant on the upon Tenant’s execution of this Lease. (b) All other sums other than Annual Rent payable by Tenant under this Lease shall be deemed to be “Additional Rent” regardless of to whom such sums may be payable. Additional Rent shall be payable without counterclaim, deduction or set-off. In the event of Tenant’s failure to make timely an Event of Default by Tenant hereunder in payment of any item of Additional Rent, Landlord shall have available to it all rights and remedies provided by this Lease and by law as for non-payment of Annual Rent. The term “rent” in the Lease means Annual Rent and Additional Rent. (c) Notwithstanding anything to the contrary contained herein, for and during the period of time commencing on the Commencement Date and ending at 11:59 p.m. on the day immediately preceding the Part B Premises Commencement Date, Tenant shall be obligated to pay Annual Rent for the Part A Premises but not for the Part B Premises. Commencing on the Part B Premises Commencement Date and ending fifteen (15) weeks thereafter (the “Rent Concession Period”), Tenant shall not be obligated to pay Annual Rent for either until the Part A Premises or the Part B Premises. Commencing on the day immediately following the expiration of the Rent Concession Period date (the “Rent Commencement Date”), ) which shall be five (5) months following the Commencement Date. Tenant shall pay otherwise be required to comply with all of the Annual Rent set forth on other terms and provisions of this Lease from and after the Annual Rent Rider attached heretoCommencement Date. The first full monthly installment of Annual Rent payable by Tenant on upon the execution of this Lease shall be for the first sixth (6th) full calendar month following of the Rent Commencement DateTerm hereof.

Annual Rent Additional Rent. (a) Tenant shall pay to Landlord at the address set forth in Par. 1 (aSection 1(a), or to such other person or at such other place as the Landlord may from time to time designate, without previous demand therefor and without counterclaim, deduction or set-off, the annual rent (“Annual Rent”) set forth on the Annual Rent Rider attached hereto. Annual Rent shall be payable in monthly installments as set forth on the Annual Rent Rider in advance on the first day of each month during the Term of the Lease. If the Commencement Date shall be other than the first day of a calendar month, Tenant shall pay Landlord on the Commencement Date the proportionate amount of Annual Rent for a partial the balance of such month shall be prorated. The first computed by dividing the monthly installment of Annual Rent by thirty (30) and then multiplying the result by the number of days beginning with and including the Commencement Date and ending with and including the last day of the month in which the amount of $15,310.00 shall be paid by Tenant on the execution of this LeaseCommencement Date occurs. (b) All other sums other than Annual Rent payable by Tenant under this Lease shall be deemed to be “Additional Rent” regardless of to whom such sums may be payable. Except as otherwise provided herein, Additional Rent shall be payable without counterclaim, deduction or set-off. In the event of Tenant’s failure to make timely payment of any item of Additional RentRent after any applicable notice and cure period provided for herein, Landlord shall have available to it all rights and remedies provided by this Lease and by law as for non-payment of Annual Rent. The term “rent” in the Lease means Annual Rent and Additional Rent. (c) Notwithstanding anything to the contrary contained herein, for and during the period of time commencing on the Commencement Date and ending at 11:59 p.m. on the day immediately preceding the Part B Premises Commencement Date, Tenant shall be obligated to pay Annual Rent for the Part A Premises but not for the Part B Premises. Commencing on the Part B Premises Commencement Date and ending fifteen (15) weeks thereafter (the “Rent Concession Period”), Tenant shall not be obligated to pay Annual Rent for either the Part A Premises or the Part B Premises. Commencing on the day immediately following the expiration of the Rent Concession Period (the “Rent Commencement Date”), Tenant shall pay the Annual Rent set forth on the Annual Rent Rider attached hereto. The first monthly installment of Annual Rent payable by Tenant on the execution of this Lease shall be for the first full calendar month following the Rent Commencement Date.