Common use of Base Rental Clause in Contracts

Base Rental. As rent for the Demised Premises, Tenant hereby agrees to pay to Landlord, without deduction, set-off, prior notice or demand, Base Rental of ONE DOLLAR AND NO/100 ($1.00) per year. The Base Rental shall be paid annually, with the first payment due and payable within ten (10) days of the execution of this Lease, and with the due date to fall thereafter on the anniversary of the execution of this Lease. As additional compensation for this Lease, Tenant has agreed to construct soccer fields on land owned by Tenant as described in the Interlocal Agreement.

Base Rental. As rent for the Demised Premises, Tenant Xxxxxx hereby agrees to pay to Landlord, without deduction, set-off, prior notice or demand, Base Rental of ONE DOLLAR AND NO/100 ($1.00) per year. The Base Rental shall be paid annually, with the first payment due and payable within ten (10) days of the execution of this Lease, and with the due date to fall thereafter on the anniversary of the execution of this Lease. As additional compensation for this Lease, Tenant Xxxxxx has agreed to construct soccer fields on land owned by Tenant Xxxxxx as described in the Interlocal Agreement.

Base Rental. As rent for the Demised Premises, Tenant Xxxxxx hereby agrees to pay to Landlord, without deduction, set-off, prior notice or demand, Base Rental of ONE DOLLAR AND NO/100 ($1.00) per year. The Base Rental shall be paid annually, with the first payment due and payable within ten (10) days of the execution of this Lease, and with the due date to fall thereafter on the anniversary of the execution of this Lease. As additional compensation for this Lease, Tenant has agreed to construct soccer fields on land owned by Tenant as described in the Interlocal Agreement.