Base Annual Rent. Subject to the prepaid rent provisions of Section 3.5, Tenant will pay as the monthly installment of “Base Annual Rent” for each month of the Term, the sum set forth in the Fundamental Lease Provisions, in advance on the first day of each calendar month of the Term, without deduction, offset, prior notice, or demand, and in lawful money of the United States. If the Commencement Date is not the first day of a calendar month, Tenant will pay to Landlord on the Commencement Date a portion of the monthly installment of Base Annual Rent prorated on the basis of a thirty (30) day month.
Base Annual Rent. A. The Rent (as defined below) due under this Lease shall be “gross” in nature and, except as otherwise set forth herein, in no event shall Tenant be obligated to pay any operating expenses, taxes or utilities with respect to the Property.
Base Annual Rent. Initially the amount of $[__________], and as increased as described in Article III and Article IV.
Base Annual Rent. Commencing on the Commencement Date and continuing throughout the Lease Term, Tenant shall pay to Landlord as annual rent (the "Base Annual Rent") the amounts determined in accordance with, and during the periods indicated on Exhibit C hereto. The Base Annual Rent for each period indicated on Exhibit C shall be paid in equal quarterly installments in advance on the first day of each quarterly period. A quarterly period shall mean a period of three (3) calendar months, and the quarterly periods shall commence on April 1, 1997. Tenant has paid Base Annual Rent through March 31, 1997.
Base Annual Rent. Lessee shall pay as rent for the use and occupancy of the Premises an annual fee of $1.00. Rent shall remain the same for the entire term of this Lease unless adjusted by mutual written agreement.
Base Annual Rent. Sublessee shall pay as rent for the use and occupancy of the Premises an annual fee of $1.00. Rent shall remain the same for the entire term of this Sublease unless adjusted by mutual written agreement.
Base Annual Rent. The Base Annual Rent reserved hereunder shall be as specified in Section 1(a)(9) which shall be payable by Tenant to the Landlord during each Lease Year of the Lease Term in equal monthly installments of Base Monthly Rent each as specified in Section 1(a)(9). Tenant shall pay the first monthly installment of Base Annual Rent upon execution of this Lease, which payment shall be applied to the first monthly installment of (Phase 1) Base Annual Rent that is payable hereunder. Tenant shall thereafter pay the remaining monthly installments of Base Annual Rent in advance, without notice or demand, and without set-off, deduction or abatement of any kind, on or before the first day of each and every calendar month throughout the remaining term of the Lease, at the office of the Rental Agent specified in Section 1(a)(8), or to such other person or at such other address as Landlord may designate by written notice to Tenant from time to time.
Base Annual Rent. Tenant shall pay the first monthly installment of Base Annual Rent upon execution of this Lease. Tenant shall pay the remaining monthly installments of Base Annual Rent specified in Section 1.3 in advance without deduction or demand, on the first day of each and every calendar month throughout the entire term of the Lease, as specified in Section 1.2, to and at the office of Landlord's Agent, Charxxx X. Xxxxx Xxxagement, Inc., 2345 Xxxxxxx Xxxxx, Xxxxxxxxx, Xxxxxxxx 00000, xx to such other person or at such other place as Landlord may hereafter designate in writing.
Base Annual Rent. Subject to the prepaid rent provisions of Section 3.4, Tenant will pay as the monthly installment of “Base Annual Rent” for each month of the Term, the sum set forth under “Monthly Base Rent”: in the Basic Lease Provisions (subject to proration as provided in this Section 3.1 of Part Two of this Lease), in advance on the first day of each calendar month of the Term, without deduction, offset, prior notice, or demand, and in lawful money of the United States. Rental shall accrue from the Commencement Date, and will be payable to Landlord In the event rent is not paid timely there will be an additional charge of $50.00 per transaction to reimburse Landlord for processing costs. If the Commencement Date is not the first day of a calendar month, Tenant will pay to Landlord on the Commencement Date a portion of the monthly installment of Base Annual Rent prorated on the basis of a thirty (30) day month.
Base Annual Rent. The Base Annual Rent shall be a sum equal to the fair market rental value of the Ground Leased Premises. Such Base Annual Rent shall be paid in equal monthly installments to Landlord at the address set forth herein or as otherwise directed by Landlord in writing. As used herein, the term “fair market rental value of the Ground Leased Premises” shall mean the annual rental value of the Land only which is included in the Ground Leased Premises and determined as if such land was vacant and unimproved. No consideration shall be given, in determining such appraised fair market rental value, to any buildings or improvements located on such Land or to any governmental approvals (such as a certificate of need issued by the North Carolina Department of Health and Human Services) required to develop a health care facility on the Ground Leased Premises. Within thirty (30) days after the Effective Date (or sooner if reasonably possible) and within thirty (30) days after the commencement of any Extended Term, Landlord and Tenant shall agree as to what the fair market rental value of the Ground Leased Premises is at the time and, based upon such determination, the Base Annual Rent shall be set or adjusted, as applicable, to such fair market rental value. The determination shall also include a determination of a periodic (no more frequently than annually) escalation of such Base Annual Rent. Thereafter, Tenant shall pay such Base Annual Rent in equal monthly installments on or before the first day of each month during the balance of the initial Term (or the Extended Term as the case may be). In the event Landlord and Tenant cannot agree to a fair market rental value within such thirty (30) day time period after the Effective Date or the commencement date of any Extended Term, the fair market rental value shall be established by the median value (as specified below) taken from three independent appraisals. Each party shall, within ten (10) days after the parties fail to agree upon the fair market rental value, choose a qualified commercial MAI real estate appraiser with experience in valuing commercial real estate situated in Franklin County or Wake County, North Carolina. Landlord and Tenant shall each notify the other of its chosen appraiser within such ten (10) day period. The two appraisers shall within ten (10) days after his or her selection, jointly choose a similarly qualified third appraiser and the three appraisers shall each, within thirty (30) days after appoi...
