Common use of Base Rent Generally Clause in Contracts

Base Rent Generally. On each Base Rent Date through the end of the Term, NAI shall pay BNPLC rent ("BASE RENT"). Each payment of Base Rent must be received by BNPLC no later than 10:00 a.m. (Pacific time) on the date it becomes due; if received after 10:00 a.m. (Pacific time) it will be considered for purposes of this Land Lease as received on the next following Business Day. At least five days prior to any Base Rent Date upon which an installment of Base Rent shall become due, BNPLC shall notify NAI in writing of the amount of each installment, calculated as provided below. Any failure by BNPLC to so notify NAI, however, shall not constitute a waiver of BNPLC's right to payment, but absent such notice NAI shall not be in default hereunder for any underpayment resulting therefrom if NAI, in good faith, reasonably estimates the payment required, makes a timely payment of the amount so estimated and corrects any underpayment within three Business Days after being notified by BNPLC of the underpayment.

Appears in 5 contracts

Samples: Annual Report, Lease Agreement (Network Appliance Inc), Lease Agreement (Network Appliance Inc)

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Base Rent Generally. On each Base Rent Date through the end of the Term, NAI shall must pay BNPLC BNPPLC rent ("BASE RENT"“Base Rent”), calculated as provided below . Each payment of Base Rent must be received by BNPLC BNPPLC no later than 10:00 a.m. 1:00 p.m. (Pacific Eastern time) on the date it becomes due; if received after 10:00 a.m. 1:00 p.m. (Pacific Eastern time) it will be considered for purposes of this Land Lease as received on the next following Business Day. At least five days prior to any Base Rent Date upon which an installment of Base Rent shall become becomes due, BNPLC shall BNPPLC will notify NAI in writing of the amount of each installment, calculated as provided below. Any failure by BNPLC BNPPLC to so notify NAI, however, shall will not constitute a waiver of BNPLC's BNPPLC’s right to payment, but absent such notice NAI shall will not be in default hereunder for any underpayment resulting therefrom if NAI, in good faith, reasonably estimates the payment required, makes a timely payment of the amount so estimated and corrects any underpayment within three Business Days after being notified by BNPLC BNPPLC of the underpayment.

Appears in 5 contracts

Samples: Lease Agreement (Network Appliance Inc), Lease Agreement (NetApp, Inc.), Lease Agreement (NetApp, Inc.)

Base Rent Generally. On each Base Rent Date through the end of the Term, NAI shall must pay BNPLC BNPPLC rent ("BASE RENT"“Base Rent”), calculated as provided below . Each payment of Base Rent must be received by BNPLC BNPPLC no later than 10:00 a.m. 2:00 p.m. (Pacific Eastern time) on the date it becomes due; if received after 10:00 a.m. 2:00 p.m. (Pacific Eastern time) it will be considered for purposes of this Land Lease as received on the next following Business Day. At least five days prior to any Base Rent Date upon which an installment of Base Rent shall become becomes due, BNPLC shall BNPPLC will notify NAI in writing of the amount of each installment, calculated as provided below. Any failure by BNPLC BNPPLC to so notify NAI, however, shall will not constitute a waiver of BNPLC's BNPPLC’s right to payment, but absent such notice NAI shall will not be in default hereunder for any underpayment resulting therefrom if NAI, in good faith, reasonably estimates the payment required, makes a timely payment of the amount so estimated and corrects any underpayment within three Business Days after being notified by BNPLC BNPPLC of the underpayment.

Appears in 3 contracts

Samples: Lease Agreement (Network Appliance Inc), Lease Agreement (Network Appliance Inc), Lease Agreement (Network Appliance Inc)

Base Rent Generally. On each Base Rent Date through the end of ------------------- the Term, NAI Zhone shall pay BNPLC rent ("BASE RENTBase Rent"). Each payment of Base Rent must be received by BNPLC no later than 10:00 a.m. (Pacific time) on the date it becomes due; if received after 10:00 a.m. (Pacific time) it will be considered for purposes of this Land Lease as received on the next following Business Day. At least five days prior to any Base Rent Date upon which an installment of Base Rent shall become due, BNPLC shall notify NAI Zhone in writing of the amount of each installment, calculated as provided below. Any failure by BNPLC to so notify NAIZhone, however, shall not constitute a waiver of BNPLC's right to payment, but absent such notice NAI Zhone shall not be in default hereunder for any underpayment resulting therefrom if NAIZhone, in good faith, reasonably estimates the payment required, makes a timely payment of the amount so estimated and corrects any underpayment within three Business Days after being notified by BNPLC of the underpayment.

Appears in 1 contract

Samples: Lease Agreement (Zhone Technologies Inc)

Base Rent Generally. On the Base Rent Commencement Date and on each Base Rent Date through the end of the Term, NAI FCI shall pay BNPLC rent ("BASE RENT"). Each payment of Base Rent must be received by BNPLC no later than that 10:00 a.m. (Pacific Central time) on the date it becomes due; if received after 10:00 a.m. (Pacific Central time) it will be considered for purposes of this Land Lease as received on the next following Business Day. At least five days prior to any Base Rent Date upon which an installment of Base Rent shall become due, BNPLC shall notify NAI in writing FCI of the amount of each installment, payment of Base Rent (calculated as provided belowin subparagraph 4.(b)) at least three days before the date upon which it first becomes due. Any However, any failure by BNPLC to so notify NAI, however, FCI shall not constitute a waiver of BNPLC's right to payment, but absent such notice NAI FCI shall not be in default hereunder for any underpayment resulting therefrom if NAIFCI, in good faith, reasonably estimates the payment required, makes a timely payment of the amount so estimated and corrects any underpayment within three Business Days after being notified by BNPLC of the underpayment.

Appears in 1 contract

Samples: Lease Agreement (Solectron Corp)

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Base Rent Generally. On each Base Rent Date through the end of the Term, NAI shall must pay BNPLC BNPPLC rent ("BASE RENT"“Base Rent”), calculated as provided below. Each payment of Base Rent must be received by BNPLC BNPPLC no later than 10:00 a.m. 1:00 p.m. (Pacific Eastern time) on the date it becomes due; if received after 10:00 a.m. 1:00 p.m. (Pacific Eastern time) it will be considered for purposes of this Land Lease as received on the next following Business Day. At least five days prior to any Base Rent Date upon which an installment of Base Rent shall become becomes due, BNPLC shall BNPPLC will notify NAI in writing of the amount of each installment, calculated as provided below. Any failure by BNPLC BNPPLC to so notify NAI, however, shall will not constitute a waiver of BNPLC's BNPPLC’s right to payment, but absent such notice NAI shall will not be in default hereunder for any underpayment resulting therefrom if NAI, in good faith, reasonably estimates the payment required, makes a timely payment of the amount so estimated and corrects any underpayment within three Business Days after being notified by BNPLC BNPPLC of the underpayment.

Appears in 1 contract

Samples: Lease Agreement (NetApp, Inc.)

Base Rent Generally. On the Base Rent Commencement Date and on each Base Rent Date through the end of the Term, NAI Solectron shall pay BNPLC rent ("BASE RENT"). Each payment of Base Rent must be received by BNPLC no later than that 10:00 a.m. (Pacific Central time) on the date it becomes due; if received after 10:00 a.m. (Pacific Central time) it will be considered for purposes of this Land Lease as received on the next following Business Day. At least five days prior to any Base Rent Date upon which an installment of Base Rent shall become due, BNPLC shall notify NAI in writing Solectron of the amount of each installment, payment of Base Rent (calculated as provided belowin subparagraph 4.(b)) at least three days before the date upon which it first becomes due. Any However, any failure by BNPLC to so notify NAI, however, Solectron shall not constitute a waiver of BNPLC's right to payment, but absent such notice NAI Solectron shall not be in default hereunder for any underpayment resulting therefrom if NAISolectron, in good faith, reasonably estimates the payment required, makes a timely payment of the amount so estimated and corrects any underpayment within three Business Days after being notified by BNPLC of the underpayment.

Appears in 1 contract

Samples: Lease Agreement (Solectron Corp)

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