Common use of BASE RENT AND SECURITY DEPOSIT Clause in Contracts

BASE RENT AND SECURITY DEPOSIT. Except as provided for in this Lease, Tenant will pay to Landlord without deduction or setoff, Rent for each month of the Term . “Rent” means Base Rent, the Operating Expense reimbursements pursuant to Section 5 , the parking rent, plus other amounts provided for in this Lease to be paid by Tenant, all of which shall constitute rental in consideration for this Lease and the leasing of the Premises including any charges and late fees . The Security Deposit shall be held by Landlord, without interest, as security for Xxxxxx's performance under this Lease, and not as an advance payment of rent or a measure of Landlord’s damages . Upon an Event of Default (defined below) or any damage to the Building or Premises caused by Tenant, its employees or invitees, Landlord may, without prejudice to any other remedy, use the Security Deposit to cure such Event of Default or repair any damage, by providing a written notice to Tenant detailing the damages Landlord alleges have been caused by Tenant and the resultant amounts applied from the Security Deposit therefor . Following any application of the Security Deposit, Tenant shall, on demand, restore the Security Deposit to its original amount . If Tenant is not in default hereunder, any remaining balance of the Security Deposit shall be returned to Tenant upon termination of this Lease . If Landlord transfers its interest in the Premises, Landlord may assign the Security Deposit to the transferee and thereafter shall have no further liability for the Security Deposit so long at the transferee acknowledge its receipt thereof and liability to Tenant therefor . Rent is due, and must be received by Landlord, by the first day of every month, at the address specified by Landlord in either in this Lease (or as updated in writing) . Landlord and its manager will not accept cash payments . Tenant agrees to pay by check, EFT, cashier’s check, or certified funds only . 5.

Appears in 1 contract

Samples: Office Lease (Intrusion Inc)

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BASE RENT AND SECURITY DEPOSIT. Except as provided for in this Lease, a) Tenant will agrees to pay to Landlord rent for the Leased Premises in advance, without demand, deduction or setoffset off, Rent for the entire term hereof at the rate of See Addendum One, Item 1 Dollars ($-----) per month. One such monthly installment shall be due and payable on the Commencement Date and a like monthly installment shall be due and payable on or before the first day of each calendar month succeeding the Commencement Date recited above during the hereby demised term, except that the rental payment for any fractional calendar month at the commencement or end of the Term . “Rent” means Base RentLease period shall be prorated. b) In addition, Tenant agrees to deposit with Landlord on the Operating Expense reimbursements pursuant to Section 5 date hereof the sum of Eleven Thousand One Hundred Ninety One and no/100 Dollars ($11,191.00), the parking rent, plus other amounts provided for in this Lease to be paid by Tenant, all of which shall constitute rental in consideration for this Lease and the leasing of the Premises including any charges and late fees . The Security Deposit sum shall be held by Landlord, without obligation for interest, as security for Xxxxxxthe performances of Tenant's performance covenants and obligations under this Lease, it being expressly understood and agreed that such deposit is not as an advance payment of rent rental deposit or a measure of Landlord’s 's damages in case of Tenant's default. Upon an Event the occurrence of Default (defined below) or any damage to the Building or Premises caused event of default by Tenant, its employees or invitees, Landlord may, from time to time, without prejudice to any other remedyremedy provided herein or provided by law, use such fund to the Security Deposit extent necessary to cure such Event make good any arrears of Default rent or repair other payments due Landlord hereunder, and any other damage, by providing a written notice to Tenant detailing the damages Landlord alleges have been injury, expense or liability caused by such event of default; and Tenant and shall pay to Landlord demand the resultant amounts amount so applied from the Security Deposit therefor . Following any application of the Security Deposit, Tenant shall, on demand, in order to restore the Security Deposit security deposit to its original amount amount. If Tenant is not in default hereunder, Although the security deposit shall be deemed the property of Landlord any remaining balance of the Security Deposit such deposit shall be returned by Landlord to Tenant upon at such time after termination of this Lease . If Landlord transfers its interest in the Premises, Landlord may assign the Security Deposit to the transferee and thereafter shall have no further liability for the Security Deposit so long at the transferee acknowledge its receipt thereof and liability to Tenant therefor . Rent is due, and must be received by Landlord, by the first day that all of every month, at the address specified by Landlord in either in Tenant's obligations under this Lease (or as updated in writing) . Landlord and its manager will not accept cash payments . Tenant agrees to pay by check, EFT, cashier’s check, or certified funds only . 5have been fulfilled.

Appears in 1 contract

Samples: Lease Agreement (Genaissance Pharmaceuticals Inc)

BASE RENT AND SECURITY DEPOSIT. Except as provided for in this Lease, A. Tenant will agrees to pay to Landlord rent for the Premises, in advance without demand, deduction or setoffset off (except as expressly stated in Paragraph 24 of this Lease Agreement and Additional Provision, Rent Section 21), from sixty days after the Commencement Date and for the entire remaining term hereof, at the rate of Forty Thousand Six Hundred Ninety-Two Dollars and 00/100 ($40,692.00) per month. One such monthly installment shall be due and payable on the date hereof and a like monthly installment shall be due and payable on or before the first day of each calendar month succeeding the Commencement Date recited above during the hereby demised term, except that the rental payment for any fractional calendar month at the commencement or end of the lease period shall be prorated. On each and every January 1/st/ following the Commencement Date during the term of the lease or extension thereof Tenant agrees to pay an additional monthly rental for each month during that year an amount equal to Two and One- Half percent (2.5%) of the Term . “Rent” means Base Rentprevious years December monthly rental. B. In addition, Tenant agrees to deposit with Landlord on the Operating Expense reimbursements pursuant to Section 5 date hereof the Forty Thousand Six Hundred Ninety-Two Dollars and 00/100 ($40,692.00) Dollars, the parking rent, plus other amounts provided for in this Lease to be paid by Tenant, all of which shall constitute rental in consideration for this Lease and the leasing of the Premises including any charges and late fees . The Security Deposit sum shall be held by Landlord, without obligation for interest, as security for Xxxxxxthe performance of Tenant's performance covenants and obligations under this Leaselease, it being expressly understood and agreed that such deposit is not as an advance payment of rent rental deposit or a measure of Landlord’s 's damages in case of Tenant's default. Upon an Event the occurrence of Default (defined below) or any damage to the Building or Premises caused event of default by Tenant, its employees or invitees, Landlord may, from time to time, without prejudice to any other remedyremedy provided herein or provided by law, use such fund to the Security Deposit extent necessary to cure such Event make good any arrears of Default rent or repair other payments due Landlord hereunder, and any other damage, by providing a written notice to Tenant detailing the damages Landlord alleges have been injury, expense or liability caused by such event of monetary default; and Tenant and shall pay to Landlord on demand the resultant amounts amount so applied from the Security Deposit therefor . Following any application of the Security Deposit, Tenant shall, on demand, in order to restore the Security Deposit security deposit to its original amount amount. If Tenant is not in default hereunderAlthough the security deposit shall be deemed the property of Landlord, any remaining balance of the Security Deposit such deposit shall be returned by Landlord to Tenant upon within 60 days of the termination of this Lease . If Landlord transfers its interest in the Premiseslease, Landlord may assign the Security Deposit to the transferee and thereafter shall provided that all of Tenant's obligation under this lease have no further liability for the Security Deposit so long at the transferee acknowledge its receipt thereof and liability to Tenant therefor . Rent is due, and must be received by Landlord, by the first day of every month, at the address specified by Landlord in either in this Lease (or as updated in writing) . Landlord and its manager will not accept cash payments . Tenant agrees to pay by check, EFT, cashier’s check, or certified funds only . 5been fulfilled.

Appears in 1 contract

Samples: Lease Agreement (Homegrocer Com Inc)

BASE RENT AND SECURITY DEPOSIT. Except A. Tenant agrees to pay as provided rental for in this Leasethe premises to Landlord or order, without deduction or set off, for the entire term hereof, Twelve Thousand Three Hundred Ninety Seven and 00/100 dollars ($12,397.00) per month. One such monthly installment shall be due and payable on the date hereof and a like monthly installment shall be due and payable without demand on or before the first day of each calendar month succeeding the commencement date recited above during the hereby demised term, except that the rental payment for any fractional calendar month at the commencement or end of the lease term shall be prorated. All costs and expenses which are the responsibility of Tenant will also constitute "rent." In the event Tenant fails to pay any installment of rent hereunder (1), to help defray the additional cost to Landlord for processing such late payments. Tenant shall pay to Landlord without deduction or setoff, Rent on demand a late charge in an amount equal to (2) of such installment. The provision for each month of the Term . “Rent” means Base Rent, the Operating Expense reimbursements pursuant such late charge shall be in addition to Section 5 , the parking rent, plus other amounts provided for in this Lease to be paid by Tenant, all of Landlord's other rights and remedies hereunder or at law and shall not be construed as liquidated damages or as limiting Landlord's remedies in any manner. B. In addition, Tenant agrees to deposit with Landlord on the date hereof the sum of Twenty Four Thousand Seven Hundred Ninety Four and 00/100 dollars ($24,794.00), which shall constitute rental in consideration for this Lease and the leasing of the Premises including any charges and late fees . The Security Deposit sum shall be held by Landlord, without (3) for interest, as security for Xxxxxxthe performance of Tenant's performance covenants and obligations under this Leaselease, it being expressly understood and agreed that such deposit is not as an advance payment of rent rental deposit or a measure of Landlord’s 's damages in case of Tenant's default. Upon an Event the occurrence of Default (defined below) or any damage to the Building or Premises caused event of default by Tenant, its employees or invitees, Landlord may, from time to time, without prejudice to any other remedyremedy provided herein or provided by law, use such funds to the Security Deposit extent necessary to cure such Event make good any arrears of Default rent or repair other payments due Landlord hereunder, and any other damage, by providing a written notice to Tenant detailing the damages Landlord alleges have been injury, expense or liability caused by such event of default; and Tenant and shall pay to Landlord on demand the resultant amounts amount so applied from the Security Deposit therefor . Following any application of the Security Deposit, Tenant shall, on demand, in order to restore the Security Deposit security deposit to its original amount amount. If Tenant is not in default hereunderAlthough the security deposit shall be deemed the property of Landlord, any remaining balance of the Security Deposit such deposit shall be returned by Landlord to Tenant upon at such time after termination or expiration of this Lease . If Landlord transfers its interest in the Premises, Landlord may assign the Security Deposit to the transferee and thereafter shall lease that all of Tenant's obligations under this lease have no further liability for the Security Deposit so long at the transferee acknowledge its receipt thereof and liability to Tenant therefor . Rent is due, and must be received by Landlord, by the first day of every month, at the address specified by Landlord in either in this Lease been fulfilled (or as updated in writing) . Landlord and its manager will not accept cash payments . Tenant agrees to pay by check, EFT, cashier’s check, or certified funds only . 54).

Appears in 1 contract

Samples: Lease Agreement (Park Electrochemical Corp)

BASE RENT AND SECURITY DEPOSIT. Except as provided for in this Lease, A. Tenant will agrees to pay to Landlord without deduction or setoff, Rent for each month the premises in lawful money of the Term United States rent for the entire term hereof at the rate of Forty Nine Thousand One Hundred Seventy Two and 40/100 Dollars ($49,172.40) per month, in advance, except that the monthly installment which otherwise shall be due on the commencement date recited above, shall be due and payable on the date hereof. “Rent” means Base RentThereafter, one such monthly installment shall be due and payable without demand on or before the Operating Expense reimbursements pursuant to Section 5 first day of each calendar month succeeding the commencement date recited above during the demised term; further provided, that the parking rent, plus other amounts provided rental payment for in this Lease to be paid by Tenant, all of which shall constitute rental in consideration for this Lease and any fractional calendar month at the leasing commencement or end of the Premises including any charges lease term shall be prorated. B. In addition, Tenant agrees to deposit with Landlord on the date hereof the sum of Forty Nine Thousand One Hundred Seventy Two and late fees . The Security Deposit 40/100 Dollars ($49,172.40), which sum shall be held by Landlord, without obligation for interest, as security for Xxxxxxthe full, timely and faithful performance of Tenant's performance covenants and obligations under this Leaselease, it being expressly understood and agreed that such deposit is not as an advance payment of rent rental deposit or a measure of Landlord’s 's damages in case of Tenant's default. Upon an Event the occurrence of Default (defined below) or any damage to the Building or Premises caused event of default by Tenant, its employees or invitees, Landlord may, from time to time, without prejudice to any other remedyremedy provided herein or provided by law, use such fund to the Security Deposit extent necessary to cure such Event make good any arrears of Default rent or repair other payments due Landlord hereunder, and any other damage, by providing a written notice to Tenant detailing the damages Landlord alleges have been injury, expense or liability caused by any event of Tenant's default; and Tenant and shall pay to Landlord on demand the resultant amounts amount so applied from the Security Deposit therefor . Following any application of the Security Deposit, Tenant shall, on demand, in order to restore the Security Deposit security deposit to its original amount amount. If Tenant is not in default hereunderAlthough the security deposit shall be deemed the property of Landlord, any remaining balance of the Security Deposit such deposit shall be returned by Landlord to Tenant upon within thirty (30) days after termination of this Lease lease when Landlord shall have determined that all Tenant's obligations under this lease have been fulfilled. If Landlord transfers its interest in the Premises, Landlord may assign the Security Deposit Subject to the transferee other terms and thereafter shall have no further liability for conditions contained in this lease, if the Security Deposit so long at the transferee acknowledge its receipt thereof and liability to Tenant therefor . Rent is due, and must be received premises are conveyed by Landlord, by said deposit may be turned over to Landlord's, or its successor's grantee, and if so, Tenant hereby releases Landlord, or its successor, as the first day case may be, as long as Tenant is notified of every monthsaid conveyance and so long as the successor or grantee has assumed said responsibility for said deposit, at the address specified by Landlord in either in this Lease (or as updated in writing) . Landlord from any and all liability with respect to said deposit and its manager will not accept cash payments . Tenant agrees to pay by check, EFT, cashier’s check, application or certified funds only . 5return.

Appears in 1 contract

Samples: Lease Agreement (Factory Card Outlet Corp)

BASE RENT AND SECURITY DEPOSIT. Except as provided for in this Lease, Tenant will X. Xxxxxx agrees to pay to Landlord Base Rent for the Premises, in advance without demand, deduction or setoffset off, Rent for the entire Lease Term hereof at the rate specified in the Basic Lease Information, payable in monthly installments. One such monthly installment shall be due and payable on or before the first day of each calendar month succeeding the Commencement Date recited above during the Lease Term except that the rental payment for any fractional calendar month at the commencement or end of the Term . “Rent” means Base RentLease period shall be prorated on the basis of 30-day month. B. In addition, Xxxxxx agrees to deposit with Landlord on the Operating Expense reimbursements pursuant to Section 5 date hereof a security deposit in the amount specified in the Basic Lease Information, the parking rent, plus other amounts provided for in this Lease to be paid by Tenant, all of which shall constitute rental in consideration for this Lease and the leasing of the Premises including any charges and late fees . The Security Deposit sum shall be held by Landlord, without obligation for interest, as security for Xxxxxxthe performance of tenant's performance covenants and obligation under this Lease, it being expressly understood and agreed that such deposit is not as an advance payment of rental deposit, not the last month's rent or nor a measure of Landlord’s 's damages in the event of Tenant's default. Upon an Event the occurrence of Default (defined below) or any damage to the Building or Premises caused event of default by Tenant, its employees or invitees, Landlord may, from time to time, without prejudice prejudices to any other remedyremedy provided herein or provided by law, use such deposit to the Security Deposit extent necessary to cure such Event make good any arrears of Default or repair rent of other payments due Landlord hereunder, and any other damage, by providing a written notice to Tenant detailing the damages Landlord alleges have been injury, expense or liability caused by such event of default; or to perform any obligation required of Tenant under the Lease; and Tenant shall pay Landlord on demand the resultant amounts amount so applied from the Security Deposit therefor . Following any application of the Security Deposit, Tenant shall, on demand, in order to restore the Security Deposit security deposit to its original amount amount. If Tenant is not in default hereunderAlthough the security deposit shall be deemed the property of Landlord, any remaining balance of the Security Deposit such deposit shall be returned by Landlord to Tenant upon at such time after termination of this Lease . If Landlord transfers its interest in the Premises, Landlord may assign the Security Deposit to the transferee and thereafter shall have no further liability for the Security Deposit so long at the transferee acknowledge its receipt thereof and liability to Tenant therefor . Rent is due, and must be received by Landlord, by the first day that all of every month, at the address specified by Landlord in either in tenant's obligations under this Lease (or as updated in writing) . Landlord and its manager will not accept cash payments . Tenant agrees to pay by check, EFT, cashier’s check, or certified funds only . 5have been fulfilled.

Appears in 1 contract

Samples: Lease Agreement (Gargoyles Inc)

BASE RENT AND SECURITY DEPOSIT. Except as provided for in this Lease, A. Tenant will agrees to pay to Landlord rent for the premises, in advance, without demand, deduction or setoffset off, Rent for the entire term hereof at the rate of ELEVEN THOUSAND SIX HUNDRED FORTY FIVE AND NO/100 DOLLARS ($11,645.00) per month. One such monthly installment shall be due and payable on the date hereof and a like monthly installment shall be due and payable on or before the first day of each calendar month succeeding the commencement date recited above during the hereby demised term, except that the rental payment for any fractional calendar month at the commencement or end of the Term . “Rent” means Base Rent, the Operating Expense reimbursements pursuant to Section 5 , the parking rent, plus other amounts provided for in this Lease to lease period shall be paid by Tenant, all of which shall constitute rental in consideration for this Lease and the leasing of the Premises including any charges and late fees prorated. The Security Deposit rental payment is subject to adjustment as provided below. B. In addition, Tenant agrees to deposit with Landlord on the date hereof the sum of ZERO AND NO/100 DOLLARS ($0.00), which sum shall be held by Landlord, without obligation for interest, as security for Xxxxxxthe performance of Tenant's performance covenants and obligations under this Leaselease, it being expressly understood and agreed that such deposit is not as an advance payment of rent rental deposit or a measure of Landlord’s 's damages in case of Tenant's default. Upon an Event the occurrence of Default (defined below) or any damage to the Building or Premises caused event of default by Tenant, its employees or invitees, Landlord may, from time to time, without prejudice to any other remedyremedy provided herein or provided by law, use such fund to the Security Deposit extent necessary to cure such Event make good any arrears of Default rent or repair other payments due Landlord hereunder, and any other damage, by providing a written notice to Tenant detailing the damages Landlord alleges have been injury, expense or liability caused by such event of default, and Tenant and shall pay to Landlord on demand the resultant amounts amount so applied from the Security Deposit therefor . Following any application of the Security Deposit, Tenant shall, on demand, in order to restore the Security Deposit security deposit to its original amount amount. If Tenant is not in default hereunderAlthough the security deposit shall be deemed the property of Landlord, any remaining balance of the Security Deposit such deposit shall be returned by Landlord to Tenant upon at such time after termination of this Lease . If Landlord transfers its interest in the Premises, Landlord may assign the Security Deposit to the transferee and thereafter shall lease that all of Tenant's obligations under this lease have no further liability for the Security Deposit so long at the transferee acknowledge its receipt thereof and liability to Tenant therefor . Rent is due, and must be received by Landlord, by the first day of every month, at the address specified by Landlord in either in this Lease (or as updated in writing) . Landlord and its manager will not accept cash payments . Tenant agrees to pay by check, EFT, cashier’s check, or certified funds only . 5been fulfilled.

Appears in 1 contract

Samples: Lease Agreement (Hayes Corp)

BASE RENT AND SECURITY DEPOSIT. Except as provided for in this Lease, 3.1 Tenant will agrees to pay to Landlord without deduction or setoff, in lawful money of the United States Base Rent for the entire Term at the rates set forth above per month, in advance, except that the monthly installment which otherwise shall be due on the Commencement Date, shall be due and payable on the date hereof. Thereafter one such monthly installment shall be due and payable without demand on or before the first day of each calendar month succeeding the Commencement Date; further provided, that the rental payment for any fractional calendar month at the commencement or termination of the Term . “Rent” means Base Rentshall be prorated. 3.2 In addition, Tenant agrees to deposit with Landlord on the Operating Expense reimbursements pursuant to Section 5 , date hereof the parking rent, plus other amounts provided for in this Lease to be paid by Tenant, all of which shall constitute rental in consideration for this Lease and the leasing of the Premises including any charges and late fees . The Security Deposit set forth above, which sum shall be held by Landlord, without obligation for interest, as security for Xxxxxx's the full, timely and faithful performance of Tenant’s covenants and obligations under this Lease, it being expressly understood and agreed that such deposit is not as an advance payment of rent rental deposit or a measure of Landlord’s damages in case of Tenant’s default. Upon an Event the occurrence of Default (defined below) or any damage to the Building or Premises caused event of default by Tenant, its employees or invitees, Landlord may, from time to time, without prejudice to any other remedyremedy provided herein or by law, use such fund to the Security Deposit extent necessary to cure such Event make good any arrears of Default rent or repair other payments due Landlord hereunder, and any other damage, by providing a written notice to Tenant detailing the damages Landlord alleges have been injury, expense or liability caused by any event of Tenant’s default; and Tenant and shall pay to Landlord on demand the resultant amounts amount so applied from the Security Deposit therefor . Following any application of the Security Deposit, Tenant shall, on demand, in order to restore the Security Deposit to its original amount amount. If Tenant is not in default hereunder, any Any remaining balance of the Security Deposit such deposit shall be returned to Tenant upon at such time after termination of this Lease when Landlord shall have determined that all Tenant’s obligations under this Lease have been fulfilled. If Landlord transfers its interest in the Premises, Landlord may assign the Security Deposit Subject to the transferee other terms and thereafter shall have no further liability for conditions contained in this Lease, if the Security Deposit so long at the transferee acknowledge its receipt thereof and liability to Tenant therefor . Rent Building is due, and must be received conveyed by Landlord, by the first day of every monthsaid deposit may be turned over to Landlord’s grantee, at the address specified by and if so, Tenant hereby releases Landlord in either in this Lease (or as updated in writing) . Landlord from any and all liability with respect to said deposit and its manager will not accept cash payments . Tenant agrees to pay by check, EFT, cashier’s check, application or certified funds only . 5return.

Appears in 1 contract

Samples: Office Lease Agreement (RestorGenex Corp)

BASE RENT AND SECURITY DEPOSIT. Except as provided for in this Lease, A. Tenant will agrees to pay to Landlord rent for the premises, in advance, without demand, deduction or setoffset off, Rent for the entire term hereof at the rate of Two Thousand Two Hundred, Sixty-Eight and No/100 Dollars ($2,268.00) per month. One such monthly installment shall be due and payable on the date hereof and like monthly installment shall be due and payable on or before the first day of each calendar month succeeding the commencement date recited above during the hereby demised term, except that the rental payment for any fractional calendar month at the commencement or and of the Term . “Rent” means Base Rent, the Operating Expense reimbursements pursuant to Section 5 , the parking rent, plus other amounts provided for in this Lease to lease period shall be paid by Tenant, all of which shall constitute rental in consideration for this Lease and the leasing of the Premises including any charges and late fees prorated. The Security Deposit rental payment is subject to adjustment as provided below. See Additional Provisions Exhibit "B" B. In addition, Tenant agrees to deposit with Landlord on the date hereof the sum of Two Thousand, Two Hundred Sixty-Eight and No/100 Dollars ($2,268.00), which sum shall be held by Landlord, without obligation for interest, as security for Xxxxxxthe performance of Tenant's performance covenants and obligations under this Leaselease, it being expressly understood and agreed that such deposit is not as an advance payment of rent rental deposit or a measure of Landlord’s 's damages in case of Tenant's default. Upon an Event the occurrence of Default (defined below) or any damage to the Building or Premises caused event of default by Tenant, its employees or invitees, Landlord may, from time to time, without prejudice to any other remedyremedy provided herein or provided by law, use such fund to the Security Deposit extent necessary to cure such Event make good any arrears of Default rent or repair other payments due Landlord hereunder, and any other damage, by providing a written notice to Tenant detailing the damages Landlord alleges have been injury, expense or liability caused by such event of default; and Tenant and shall pay to Landlord on demand the resultant amounts amount so applied from the Security Deposit therefor . Following any application of the Security Deposit, Tenant shall, on demand, in order to restore the Security Deposit security deposit to its original amount amount. If Tenant is not in default hereunderAlthough the security deposit shall be deemed the property of Landlord, any and remaining balance of the Security Deposit such deposit shall be returned by Landlord to Tenant upon at such time after termination of the lease that all of tenant's obligations under this Lease lease have been fulfilled. If Landlord transfers its interest If, during the term of this lease, Landlord, in the PremisesLandlord's sole opinion, Landlord may assign the Security Deposit judgement and discretion, deems itself insecure as to the transferee performance or prospect of performance by Tenant as to any of Tenant's obligations pursuant to this lease, Tenant shall be required to provide Landlord with an additional security deposit, in an amount and thereafter shall have no further liability for the Security Deposit so long at the transferee acknowledge its receipt thereof and liability form acceptable to Tenant therefor . Rent is due, and must be received by Landlord, by the first day of every month, at the address specified by Landlord in either in this Lease (or as updated in writing) . Landlord and its manager will not accept cash payments . Tenant agrees to pay by check, EFT, cashier’s check, or certified funds only . 5.

Appears in 1 contract

Samples: Warehouse Lease Agreement (Tekgraf Inc)

BASE RENT AND SECURITY DEPOSIT. Except as provided for in this Lease, a) Tenant will agrees to pay to Landlord rent for the Leased Premises in advance, without demand, deduction or setoffset off, Rent for the entire term hereof at the rate of See Addendum One (_____) per month. One such monthly installment shall be due ---------------- and payable on or before October 1, 1999 and a likely monthly installment shall be due and payable on or before the first day of each calendar month succeeding the Commencement Date recited above during the hereby demised term, except that the rental payment for any fractional calendar month at the commencement or end of the Term . “Rent” means Base RentLease period shall be prorated. b) In addition, Tenant agrees to deposit with Landlord on the Operating Expense reimbursements pursuant to Section 5 date hereof the sum of THIRTY TWO THOUSAND FIVE HUNDRED FOUR AND 00/00 Dollars ($32,504.00), the parking rent, plus other amounts provided for in this Lease to be paid by Tenant, all of which shall constitute rental in consideration for this Lease and the leasing of the Premises including any charges and late fees . The Security Deposit sum shall be held by Landlord, without obligation for interest, as security for Xxxxxxthe performance of Tenant's performance covenants and obligations under this Lease, it being expressly understood and agreed that such deposit is not as an advance payment of rent rental deposit or a measure of Landlord’s 's damages in case of Tenant's default. Upon an Event the occurrence of Default (defined below) or any damage to the Building or Premises caused event of default by Tenant, its employees or invitees, Landlord may, from time to time, without prejudice to any other remedyremedy provided herein or provided by law, use such fund to the Security Deposit extent necessary to cure such Event make good any arrears of Default rent or repair other payments due Landlord hereunder, and any other damage, by providing a written notice to Tenant detailing the damages Landlord alleges have been injury, expense or liability caused by such event of default, and Tenant and shall pay to Landlord on demand the resultant amounts amount so applied from the Security Deposit therefor . Following any application of the Security Deposit, Tenant shall, on demand, in order to restore the Security Deposit security deposit to its original amount amount. If Tenant is not in default hereunder, Although the security deposit shall be deemed the property of Landlord any remaining balance of the Security Deposit such deposit shall be returned by Landlord to Tenant upon termination within sixty (60) days after all of Tenant's obligations under this Lease . If Landlord transfers its interest in the Premises, Landlord may assign the Security Deposit to the transferee and thereafter shall have no further liability for the Security Deposit so long at the transferee acknowledge its receipt thereof and liability to Tenant therefor . Rent is due, and must be received by Landlord, by the first day of every month, at the address specified by Landlord in either in this Lease (or as updated in writing) . Landlord and its manager will not accept cash payments . Tenant agrees to pay by check, EFT, cashier’s check, or certified funds only . 5been fulfilled.

Appears in 1 contract

Samples: Lease Agreement (Learningstar Corp)

BASE RENT AND SECURITY DEPOSIT. Except as provided for in this Lease, A. Tenant will agrees to pay to Landlord rent for the Premises in advance, without demand, deduction or setoffset off, Rent for the entire term hereof, according to Exhibit B, Paragraph 24, attached hereto and made a part hereof. One such monthly installment shall be due and payable on the date hereof and a like monthly installment shall be due and payable, without demand, on or before the first day of each calendar month succeeding the "commencement date" during the hereby demised term, except that the rental payment for any fractional calendar month at the commencement of the Term . “Rent” means Base Rent, the Operating Expense reimbursements pursuant to Section 5 , the parking rent, plus other amounts provided for in this Lease to be paid by Tenant, all of which shall constitute rental in consideration for this Lease and the leasing of the Premises including any charges and late fees . The Security Deposit lease shall be held prorated. B. In addition, Tenant agrees to deposit with Landlord on the date hereof the sum of Ten Thousand and No/100 Dollars ($10,000.00), which sum shall be hold by Landlord, without obligation for interest, as security for Xxxxxxthe performance of Tenant's performance covenants and obligations under this Leaselease, it being expressly understood and agreed that such deposit is not as an advance payment of rent rental deposit or a measure of Landlord’s 's damages in case of Tenant's default. Upon an Event the occurrence of Default (defined below) or any damage to the Building or Premises caused event of default by Tenant, its employees or invitees, Landlord may, from time to time, without prejudice to any other remedyremedy provided herein or provided by law, use such fund to the Security Deposit extent necessary to cure such Event make good any arrears of Default rent or repair other payments due Landlord hereunder, and any other damage, by providing a written notice to Tenant detailing the damages Landlord alleges have been injury, expense or liability caused by such event of default; and Tenant and the resultant amounts applied from the Security Deposit therefor . Following any application of the Security Deposit, Tenant shallshall pay to Landlord, on demand, the amount so applied in order to restore the Security Deposit security deposit to its original amount amount. If Tenant is not in default hereunderAlthough the security deposit shall be deemed the property of Landlord, any remaining balance of the Security Deposit such deposit shall be returned by Landlord to Tenant upon at such time after termination of this Lease . If Landlord transfers its interest in lease that all of the Premises, Landlord may assign the Security Deposit to the transferee and thereafter shall Tenant's obligations under this lease have no further liability for the Security Deposit so long at the transferee acknowledge its receipt thereof and liability to Tenant therefor . Rent is due, and must be received by Landlord, by the first day of every month, at the address specified by Landlord in either in this Lease (or as updated in writing) . Landlord and its manager will not accept cash payments . Tenant agrees to pay by check, EFT, cashier’s check, or certified funds only . 5been fulfilled.

Appears in 1 contract

Samples: Lease Agreement (Mentor Corp /Mn/)

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BASE RENT AND SECURITY DEPOSIT. Except as provided for in this Lease, A. Tenant will agrees to pay to Landlord rent for the premises in advance, without demand, deduction or setoffset off, Rent for the entire term hereof at the rate of SEVEN THOUSAND FIVE HUNDRED AND 00/00 Dollars ($7,500.00) per month. One such monthly installment shall be due and payable on the date hereof and a like monthly installment shall be due and payable on or before the first day of each calendar month at the commencement or end of the Term . “Rent” means Base Rentlease period shall be prorated. B. In addition, Tenant agrees to deposit with Landlord on the Operating Expense reimbursements pursuant to Section 5 date hereof the sum of -0- Dollars ($-0-), the parking rent, plus other amounts provided for in this Lease to be paid by Tenant, all of which shall constitute rental in consideration for this Lease and the leasing of the Premises including any charges and late fees . The Security Deposit sum shall be held by Landlord, without obligation for interest, as security for Xxxxxxthe performance of Tenant's performance covenants and obligations under this Leaselease, it being expressly understood and agreed that such deposit is not as an advance payment of rent rental deposit or a measure of Landlord’s 's damages in case of Tenant's default. Upon an Event the occurrence of Default (defined below) or any damage to the Building or Premises caused event of default by Tenant, its employees or invitees, Landlord may, from time to time, without prejudice to any other remedyremedy provided herein or provided by law, use such fund to the Security Deposit extent necessary to cure such Event make good any arrears of Default rent or repair other payments due Landlord hereunder, and any other damage, by providing a written notice to Tenant detailing the damages Landlord alleges have been injury, expense or liability caused by such event of default; and Tenant and shall pay to Landlord on demand the resultant amounts amount so applied from the Security Deposit therefor . Following any application of the Security Deposit, Tenant shall, on demand, in order to restore the Security Deposit security deposit to its original amount amount. If Tenant is not in default hereunderAlthough the security deposit shall be deemed the property of Landlord, any remaining balance of the Security Deposit such deposit shall be returned by Landlord to Tenant upon at such time after termination of this Lease . If Landlord transfers its interest in the Premises, Landlord may assign the Security Deposit to the transferee and thereafter shall lease that all of Tenant's obligations under this lease have no further liability for the Security Deposit so long at the transferee acknowledge its receipt thereof and liability to Tenant therefor . Rent is due, and must be received by Landlord, by the first day of every month, at the address specified by Landlord in either in this Lease (or as updated in writing) . Landlord and its manager will not accept cash payments . Tenant agrees to pay by check, EFT, cashier’s check, or certified funds only . 5been fulfilled.

Appears in 1 contract

Samples: Lease Agreement (Comfort Systems Usa Inc)

BASE RENT AND SECURITY DEPOSIT. Except as provided for in this Lease, A. Tenant will agrees to pay to Landlord rent for the premises, in advance, without demand, deduction or setoffset off, Rent for the entire term hereof at the rate of see "Rental Rate" paragraph on attached Addendum Dollars ($________) per month. One such monthly installment shall be due and payable on the date hereof and a like monthly installment shall be due and payable or before the first day of each calendar month succeeding the commencement date recited above during the hereby demised term, except that the rental payment for any fractional calendar month at the commencement or end of the Term . “Rent” means Base Rentlease period shall be prorated. B. In addition, Tenant agrees to deposit with Landlord on the Operating Expense reimbursements pursuant to Section 5 date hereof the sum of Two Thousand Nine Hundred Fifty-Three and No/Dollars ($2,953.00), the parking rent, plus other amounts provided for in this Lease to be paid by Tenant, all of which shall constitute rental in consideration for this Lease and the leasing of the Premises including any charges and late fees . The Security Deposit sum shall be held by Landlord, without obligation for interest, as security for Xxxxxxthe performance of Tenant's performance covenants and obligations under this Leaselease, it being expressly understood and agreed that such deposit is not as an advance payment of rent rental deposit or a measure of Landlord’s 's damages in case of Tenant's default. Upon an Event the occurrence of Default (defined below) or any damage to the Building or Premises caused event of default by Tenant, its employees or invitees, Landlord may, from time to time, without prejudice to any other remedyremedy provided herein or provided by law, use such fund to the Security Deposit extent necessary to cure such Event make good any arrears of Default rent or repair other payments due hereunder, and any other damage, by providing a written notice to Tenant detailing the damages Landlord alleges have been injury, expense or liability caused by such event of default; and Tenant and shall pay to Landlord on demand the resultant amounts amount so applied from the Security Deposit therefor . Following any application of the Security Deposit, Tenant shall, on demand, in order to restore the Security Deposit security deposit to its original amount amount. If Tenant is not in default hereunderAlthough the security deposit shall be deemed the property of Landlord, any remaining balance of the Security Deposit such deposit shall be returned by Landlord to Tenant upon at such time after termination of this Lease . If Landlord transfers its interest in the Premises, Landlord may assign the Security Deposit to the transferee and thereafter shall lease that all of Tenant's obligations under this lease have no further liability for the Security Deposit so long at the transferee acknowledge its receipt thereof and liability to Tenant therefor . Rent is due, and must be received by Landlord, by the first day of every month, at the address specified by Landlord in either in this Lease (or as updated in writing) . Landlord and its manager will not accept cash payments . Tenant agrees to pay by check, EFT, cashier’s check, or certified funds only . 5been fulfilled.

Appears in 1 contract

Samples: Lease Agreement (Luminex Corp)

BASE RENT AND SECURITY DEPOSIT. Except as provided for in this Lease, A. Tenant will agrees to pay to Landlord without deduction or setoff, in lawful money of the United States Base Rent for the entire Term at the rates set forth above per month, in advance, except that the monthly installment which otherwise shall be due on the Commencement Date, shall be due and payable on the date hereof. Thereafter one such monthly installment shall be due and payable without demand on or before the first day of each calendar month succeeding the Commencement Date; further provided, that the rental payment for any fractional calendar month at the commencement or termination of the Term . “Rent” means Base Rentshall be prorated. B. In addition, Tenant agrees to deposit with Landlord on the Operating Expense reimbursements pursuant to Section 5 , date hereof the parking rent, plus other amounts provided for in this Lease to be paid by Tenant, all of which shall constitute rental in consideration for this Lease and the leasing of the Premises including any charges and late fees . The Security Deposit set forth above, which sum shall be held by Landlord, without obligation for interest, as security for Xxxxxxthe full, timely and faithful performance of Tenant's performance covenants and obligations under this Lease, it being expressly understood and agreed that such deposit is not as an advance payment of rent rental deposit or a measure of Landlord’s 's damages in case of Tenant's default. Upon an Event the occurrence of Default (defined below) or any damage to the Building or Premises caused event of default by Tenant, its employees or invitees, Landlord may, from time to time, without prejudice to any other remedyremedy provided herein or by law, use such fund to the Security Deposit extent necessary to cure such Event make good any arrears of Default rent or repair other payments due Landlord hereunder, and any other damage, by providing a written notice to Tenant detailing the damages Landlord alleges have been injury, expense or liability caused by any event of Tenant's default; and Tenant and shall pay to Landlord on demand the resultant amounts amount so applied from the Security Deposit therefor . Following any application of the Security Deposit, Tenant shall, on demand, in order to restore the Security Deposit to its original amount amount. If Tenant is not Landlord may also use such fund to the extent necessary to make good any amounts owing to Landlord as a result of Tenant's failure to leave the Premises in default hereunder, any the condition required by this Lease at the termination of this Lease. Any remaining balance of such deposit shall be returned to Tenant at such time after termination of this Lease when Landlord shall have determined that all Tenant's obligations under this Lease have been fulfilled. Subject to the other terms and conditions contained in this Lease, if the Building is conveyed by Landlord, said deposit may be turned over to Landlord's grantee, and if so, Tenant hereby releases Landlord from any and all liability with respect to said deposit and its application or return. C. Provided no event of default shall then have occurred, the Security Deposit shall be returned reduced on the third anniversary of the Commencement Date to Tenant upon termination of this Lease . If Landlord transfers its interest in the Premises, Landlord may assign the Security Deposit to the transferee Seventy-Three Thousand Seven Hundred Sixteen and thereafter shall have no further liability for the Security Deposit so long at the transferee acknowledge its receipt thereof and liability to Tenant therefor . Rent is due, and must be received by Landlord, by the first day of every month, at the address specified by Landlord in either in this Lease 16/100 Dollars (or as updated in writing) . Landlord and its manager will not accept cash payments . Tenant agrees to pay by check, EFT, cashier’s check, or certified funds only . 5$73,716.16).

Appears in 1 contract

Samples: Lease Agreement (CURO Group Holdings Corp.)

BASE RENT AND SECURITY DEPOSIT. Except as provided for in this Lease, A. Tenant will agrees to pay to Landlord without deduction or setoff, in lawful money of the United States Base Rent for the entire Term at the rates set forth above per month, in advance, except that the monthly installment which otherwise shall be due on the Commencement Date, shall be due and payable on the date hereof. Thereafter one such monthly installment shall be due and payable without demand on or before the first day of each calendar month succeeding the Commencement Date; further provided, that the rental payment for any fractional calendar month at the commencement or termination of the Term . “Rent” means Base Rentshall be prorated. B. Tenant agrees to deposit with Landlord, upon execution of this lease, the Operating Expense reimbursements pursuant to Section 5 sum of $64,000.00 in cash or in the form of an unconditional, the parking rentirrevocable, plus other amounts provided for in this Lease to be paid by Tenant, all transferable letter of which shall constitute rental in consideration for this Lease and the leasing of the Premises including any charges and late fees . The Security Deposit shall be held by Landlord, without interest, credit as security for Xxxxxx's the full and faithful performance under of each and every term, provision, covenant and condition of this Leaselease to be performed by Tenant. If Tenant defaults with respect to any of the terms, provisions, covenants and conditions of this lease including, but not as an advance limited to, payment of the base rent or a measure of Landlord’s damages . Upon an Event of Default (defined below) other amounts due Landlord hereunder, Landlord may use, apply or retain the whole or any part of the security deposit for the payment of any such base rent or any other sum in default, or for the payment of any other sum which Landlord may spend or be obligated to spend by reason of Tenant’s default or to compensate Landlord for any loss or damage to the Building or Premises caused which Landlord may suffer by reason of Tenant’s default, its employees or invitees, Landlord mayincluding, without prejudice to limitation, any other remedy, use damages or deficiency in the Security Deposit to cure such Event of Default or repair any damage, by providing a written notice to Tenant detailing the damages Landlord alleges have been caused by Tenant and the resultant amounts applied from the Security Deposit therefor . Following any application reletting of the Security Depositleased premises, whether such damages or deficiency shall have accrued before or after any re-entry by Landlord. If the security deposit or any part thereof shall be so used, applied or retained by Landlord, Tenant shall, on demandwithin five (5) days after written demand therefor, deposit cash with Landlord in an amount sufficient to restore the Security Deposit security deposit (or restore the balance of the letter of credit) to its original amount immediately prior to Landlord’s use or application of the security, and Tenant’s failure to do so shall be a material breach of this lease. Except to the extent required by law, Landlord shall not be required to keep said cash security deposit separate from their general funds and Tenant shall not be entitled to interest on any security deposit. If Tenant is not in default hereundershall fully and faithfully perform every provision of this lease to be performed by it, said security deposit or any remaining balance of the Security Deposit thereof shall be returned to Tenant upon termination (or at Landlord’s option to the last assignee of this Lease Tenant’s interest hereunder) within thirty (30) days after the expiration of the term and Tenant’s vacation of the leased premises. If Landlord transfers its may deliver the security deposited hereunder by Tenant to the purchaser of Landlord’s interest in the PremisesBuilding in the event that such interest is sold, and thereupon Landlord may assign the Security Deposit shall be discharged from any further liability with respect to said security deposit. Tenant hereby agrees not to look to any mortgagee as mortgagee, mortgagee in possession or successor in title to the transferee and thereafter shall have no further liability Building for any security deposit required by Landlord hereunder, unless said security deposit has actually been received by said mortgagee or successor in title as security for Tenant’s performance of this lease. C. The letter of credit or cash security deposit may be reduced to the Security Deposit so long following amounts during the lease term as follows: $51,200 at the transferee acknowledge its receipt thereof and liability to Tenant therefor . Rent is due, and must be received by Landlord, by end of the first day 12th lease month $38,400 at the end of every the 24th lease month $25,600 at the end of the 36th lease month $12,800 at the end of the 48th lease month, at to remain in effect until lease termination. The reduction as described above shall only occur if Tenant has not had any late rental payments in the address specified by Landlord in either in this Lease (or as updated in writing) . Landlord and its manager will not accept cash payments . Tenant agrees twelve months prior to pay by check, EFT, cashier’s check, or certified funds only . 5the reduction.

Appears in 1 contract

Samples: Office Lease Agreement (Mountains West Exploration Inc)

BASE RENT AND SECURITY DEPOSIT. Except as provided for in this Lease, a) Tenant will agrees to pay to Landlord rent for the premises in advance, without demand, deduction or setoffset off, Rent for the entire term hereof at the rate of Three Thousand Two Hundred Ninety Seven and no/100------------ Dollars ($ 3,297.00) per month. One such monthly installment shall be due and payable on the date hereof and a like monthly installment shall be due and payable on or before the first day of each calendar month succeeding the Commencement Date recited above during the hereby demised term, except that the rental payment for any fractional calendar month at the commencement or end of the Term . “Rent” means Base Rentlease period shall be prorated. b) In addition, Tenant agrees to deposit with Landlord on the Operating Expense reimbursements pursuant to Section 5 date hereof the sum of Two Thousand Eight Hundred Forty Eight and no/100-------- Dollars ($2,848.00), the parking rent, plus other amounts provided for in this Lease to be paid by Tenant, all of which shall constitute rental in consideration for this Lease and the leasing of the Premises including any charges and late fees . The Security Deposit sum shall be held by Landlord, without obligation for interest, as security for Xxxxxxthe performance of Tenant's performance covenants and obligations under this Leaselease, it being expressly understood and agreed that such deposit is not as an advance payment of rent rental deposit or a measure of Landlord’s 's damages in case of Tenant's default. Upon an Event the occurrence of Default (defined below) or any damage to the Building or Premises caused event of default by Tenant, its employees or invitees, Landlord may, from time to time, without prejudice to any other remedyremedy provided herein or provided by law, use such fund to the Security Deposit extent necessary to cure such Event make good any arrears of Default rent or repair other payments due Landlord hereunder, and any other damage, by providing a written notice to Tenant detailing the damages Landlord alleges have been injury, expense or liability caused by such event of default; and Tenant and shall pay to Landlord on demand the resultant amounts amount so applied from the Security Deposit therefor . Following any application of the Security Deposit, Tenant shall, on demand, in order to restore the Security Deposit security deposit to its original amount amount. If Tenant is not in default hereunderAlthough the security deposit shall be deemed the property of Landlord, any remaining balance of the Security Deposit such deposit shall be returned by Landlord to Tenant upon at such time after termination of this Lease . If Landlord transfers its interest in the Premises, Landlord may assign the Security Deposit to the transferee and thereafter shall lease that all of Tenant's obligations under this lease have no further liability for the Security Deposit so long at the transferee acknowledge its receipt thereof and liability to Tenant therefor . Rent is due, and must be received by Landlord, by the first day of every month, at the address specified by Landlord in either in this Lease (or as updated in writing) . Landlord and its manager will not accept cash payments . Tenant agrees to pay by check, EFT, cashier’s check, or certified funds only . 5been fulfilled.

Appears in 1 contract

Samples: Lease Agreement (Tekgraf Inc)

BASE RENT AND SECURITY DEPOSIT. Except as provided for in this Lease, A. Tenant will agrees to pay to Landlord rent for the premises, in advance, without demand, deduction or setoffset off, Rent for the entire term hereof at the rate of See Paragraph 26 attached hereto and made a part hereof Dollars ($-------------) per month. One such monthly installment shall be due and payable on the date hereof and a like monthly installment shall be due and payable on or before the first day of each calendar month succeeding the commencement date recited above during the hereby demised term, except that the rental payment for any fractional calendar month at the commencement or end of the Term . “Rent” means Base Rentlease period shall be prorated. B. In addition, Tenant agrees to deposit with Landlord on the Operating Expense reimbursements pursuant to Section 5 date hereof the sum of THREE THOUSAND EIGHT HUNDRED EIGHTY EIGHT & No/100 Dollars ($*3,888.00*), the parking rent, plus other amounts provided for in this Lease to be paid by Tenant, all of which shall constitute rental in consideration for this Lease and the leasing of the Premises including any charges and late fees . The Security Deposit sum shall be held by Landlord, without obligation for interest, as security for Xxxxxxthe performance of Tenant's performance covenants and obligations under this Leaselease, it being expressly understood and agreed that such deposit is not as an advance payment of rent rental deposit or a measure of Landlord’s 's damages in case of Tenant's default. Upon an Event the occurrence of Default (defined below) or any damage to the Building or Premises caused event of default by Tenant, its employees or invitees, Landlord may, from time to time, without prejudice to any other remedyremedy provided herein or provided by law, use such fund to the Security Deposit extent necessary to cure such Event make good any arrears of Default rent or repair other payments due Landlord hereunder, and any other damage, by providing a written notice to Tenant detailing the damages Landlord alleges have been injury, expense or liability caused by such event of default; and Tenant and shall pay to Landlord on demand the resultant amounts amount so applied from the Security Deposit therefor . Following any application of the Security Deposit, Tenant shall, on demand, in order to restore the Security Deposit security deposit to its original amount amount. If Tenant is not in default hereunderAlthough the security deposit shall be deemed the property of Landlord, any remaining balance of the Security Deposit such deposit shall be returned by Landlord to Tenant upon at such time after termination of this Lease . If Landlord transfers its interest in the Premises, Landlord may assign the Security Deposit to the transferee and thereafter shall lease that all of Tenant's obligations under this lease have no further liability for the Security Deposit so long at the transferee acknowledge its receipt thereof and liability to Tenant therefor . Rent is due, and must be received by Landlord, by the first day of every month, at the address specified by Landlord in either in this Lease (or as updated in writing) . Landlord and its manager will not accept cash payments . Tenant agrees to pay by check, EFT, cashier’s check, or certified funds only . 5been fulfilled.

Appears in 1 contract

Samples: Lease Agreement (Glacier Corp)

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