Base Rent Payments. Tenant agrees to pay Landlord each month, as base monthly rent, the Base Rent as set forth in Paragraph 11 of the Basic Lease Information. Each monthly installment of Base Rent shall be payable in advance on the first day of each calendar month during the Term, except that the first month’s installment shall be paid upon the execution hereof. If the Term commences or ends on a day other than the first day of a calendar month, then the rent for the months in which this Lease commences or ends shall be prorated (and paid at the beginning of each such month) in the proportion that the number of days this Lease is in effect during such month bears to the total number of days in such month, and such partial month’s installment shall be paid no later than the commencement of the subject month. In addition to the Base Rent, Tenant agrees to pay as additional rent the amount of additional rent and rent adjustments and other charges required by this Lease. All rent shall be paid to Landlord, without prior demand and without any deduction or offset, in lawful money of the United States of America, at the address of Landlord designated on the signature page of the Basic Lease Information or to such other person or at such other place as Landlord may from time to time designate in writing. Except as otherwise provided in this Lease, in the event of a remeasurement or adjustment of the area of the Premises, the Base Rent shall be recalculated using the Base Rental Rate referenced in Paragraph 10 of the Basic Lease Information.
Base Rent Payments. (a) From and after the Commencement Date, Subtenant shall pay to Sublandlord as Base Rent for the Subleased Premises during the Term the following: 1-2 $66,693.00 $ 0.75 3-12 $253,433.40 $ 2.85 13-end [See Section 3.1(b) below]
(b) In addition, on the first day of each Rent Adjustment Year (as defined below), monthly Base Rent shall be increased to equal one hundred three and five tenths percent (103.5%) of the monthly Base Rent in effect immediately prior to the commencement of that Rent Adjustment Year. “Rent Adjustment Year” shall mean a period of twelve (12) full calendar months. The first Rent Adjustment Year shall commence on the first day of the thirteenth (13th) month following the Commencement Date, and each succeeding Rent Adjustment Year shall commence on the one-year anniversary date of the first day of the preceding Rent Adjustment Year.
Base Rent Payments. (a) Subtenant shall pay Sublandlord base rent for the Premises ("BASE RENT") for the portion of the Sublease Term commencing on June 1, 2006 (the "RENT COMMENCEMENT DATE") in the amount of $74,613.00 annually, payable in advance on the first day of each month in equal monthly installments of $6,217.75; provided, however, that (i) if the Rent Commencement Date occurs on a day other than the first day of a month or the Sublease Term ends on a day other than the last day of a month, then Base Rent for such month shall be prorated; (ii) one (1) month's Base Rent in the amount of $6,217.75, which shall be applied to the first month's Base Rent and shall be paid on the date of execution and delivery of this Sublease by Subtenant; and (iii) no Base Rent is due for the period between the Term Commencement Date and the Rent Commencement Date.
(b) All Base Rent and additional rent hereunder shall be paid without setoff or deduction whatsoever and shall be paid to Sublandlord at its office at 880 Winter Street, Waltham, Massachusetts 02451 or at such other plaxx xx Xxxxxxxxxxx xxx xxxxxxxxx xx xxxxxx xx Xxbtenant.
Base Rent Payments. (i) Commencing on July 1, 2013 (the "Amendment Commencement Date") and thereafter throughout the Term, Tenant shall pay Landlord annual rent in the amount of $1,200,000, which shall include annual rent in the amount of $0.00 for the Tin Building Area (the "Tin Building Rent"), increased on each anniversary of the Amendment Commencement Date by 3%, compounded annually (subject to adjustment as provided in paragraph (ii) and subsection (b) below, "Base Rent"), in equal monthly installments, payable in advance on the first day of the month for which such monthly installment of Base Rent is due.
(ii) No later than 30 days after the date on which Final Completion of the Tin Building Work shall have occurred and Tenant shall have closed- out all Construction Contracts relating thereto, Tenant shall submit to Landlord the information, reasonably satisfactory to Landlord in form and substance, that will be necessary to update the appraisal performed by Xxxxxxxx Valuation & Advisory Group (the "Tin Building Appraisal"). Said update, to be performed by Xxxxxxxx Valuation & Advisory Group or such other appraiser as shall be reasonably acceptable to Landlord and Tenant, will be limited solely to a determination of whether, and by how much, the Tin Building Rent, as determined based on the Tin Building Appraisal, should be adjusted solely as a result of a review of the actual hard and soft costs of performing the Tin Building Work (which for these purposes shall include fit-out work performed in the interior of the Tin Building as well as any unexpended budget amounts for tenant improvement work and allowances and leasing commissions which Xxxxxx has contractually committed to expend) as compared to the estimated hard and soft costs of performing such work which were the basis of the Tin Building Appraisal and the original determination of the Tin Building Rent. Upon completion of such appraisal update, (x) the Tin Building Rent shall thereafter be deemed to be the rent determined as a result of the aforementioned appraisal update (provided that in no event shall the amount of Tin Building Rent be less than zero), (y) any amounts previously paid by Tenant on account of Tin Building Rent which were in excess of the amount of Tin Building Rent which is established as a result of such appraisal update shall be credited against future payments of Tin Building Rent by Tenant, and (z) any shortfall in the payment of Tin Building Rent actually paid by Tenant during the period...
Base Rent Payments. Base Rent shall be payable in monthly installments in advance, on or before the first day of each calendar month, without notice or demand. The first full monthly installment of Base Rent shall be paid on the date this Sublease is fully executed by Sublandlord and Subtenant, and shall be applied by Sublandlord upon expiration of the Full Rent Abatement Period to the next installments of Base Rent payable during the Half Rent Abatement Period. Each subsequent monthly installment of Base Rent during the Term shall be due on the first day of each and every calendar month following the Rent Commencement Date. In the event the first month or the last month of the Term of this Sublease is a partial month, then the installment of Base Rent payable for such partial month shall be pro-rated as applicable. The Base Rent and Additional Rent and other charges required to be paid by Subtenant under this Sublease are collectively referred to herein as “Rent.”
Base Rent Payments. Commencing on July 1, 2013 (the "Amendment Commencement Date") and thereafter throughout the Term, Tenant shall pay Landlord annual rent in the amount of One Million Two Hundred Thousand Dollars ($1,200,000), increased on each anniversary of this Lease by three percent (3%), compounded annually (subject to adjustment as provided in subsection (b) below, "Base Rent"), in equal monthly installments, payable in advance on the first day of the month for which such monthly installment of Base Rent is due.
Base Rent Payments. Tenant agrees to pay Landlord each month, as base --------- -------- monthly rent, the Base Rent as set forth in Paragraph 12 of the Basic Lease ------------ Information. Each monthly installment of Base Rent shall be payable in advance on the first day of each calendar month during the Term, except that the first month's installment shall be paid upon the execution hereof. If the Term commences or ends on a day other than the first day of a calendar month, then the rent for the months in which this Lease commences or ends shall be prorated (and paid at the beginning of each such month) in the proportion that the number of days this Lease is in effect during such month bears to the total number of days in such month, and such partial month's installment shall be paid no later than the commencement of the subject month. In addition to the Base Rent, Xxxxxx agrees to pay as additional rent the amount of additional rent and rent adjustments and other charges required by this Lease. All rent shall be paid to Landlord, without prior demand and without any deduction or offset, in lawful money of the United States of America, at the address of Landlord designated on the signature page of the Basic Lease Information or to such other person or at such other place as Landlord may from time to time designate in writing.
Base Rent Payments. Tenant shall pay to Landlord or Landlord's agent at Xxxxxxxx Philips Inc. on behalf of LBHI for BTS, X.X. Xxx 000-000, Xxxxxxx, Xxxxxxx 00000-0000, or at such other place as Landlord or Landlord's agent may from time to time designate in writing, in currency which, at the time of payment, is legal tender for private or public debts in the United States of America, the applicable annual Base Rent set forth in Schedule 1 payable in equal monthly installments in the applicable amounts set forth in Schedule 1 in advance on or before the first day of each and every month during the Term without demand and without any abatement setoff or deduction whatsoever, except as specifically set forth in this Lease. Base Rent shall be escalated as set forth in Schedule 1 . Each period of twelve (12) months beginning on the Commencement Date or on any anniversary thereof and ending on the day before the following anniversary of the Commencement Date or on the Termination Date, as the case may be, is hereinafter referred to as a "Lease Year." Any Base Rent payable for a partial month at the beginning of the Term shall be paid on the first day of the first full calendar month of the Term. Any Base Rent payable for a partial month at the end of the Term shall be paid on the first day of such month.
Base Rent Payments
