Common use of Annual Rent Clause in Contracts

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.

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 LesseeXxxxxx. 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.

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 LesseeXxxxxx. The Annual Rent or Construction Period Rent shall be paid at Lessor’s office at 3274 Estate Richmond0000 Xxxxxx Xxxxxxxx, ChristianstedXxxxxxxxxxxxx, St. CroixXx. Xxxxx, U.S. X.X. Virgin Islands 00820, together with any other sum due as additional rent as provided herein.