Basic Rent Additional Rent. Section 2.1 (a) The Tenant shall pay to the Landlord during the Initial Term an annual basic rent (the “Basic Rent”) equal to One Dollar per annum, which Basic Rent shall be payable in advance on January 2 of each year during the Initial Term. If the Term is extended pursuant to Section 1.2(b), the Basic Rent for the first Renewal Period shall be equal to One Dollar per annum, which Basic Rent shall be payable in advance on January 2 of each year during the first Renewal Period.
Basic Rent Additional Rent. 10 4.1 PAYMENT...................................................10
Basic Rent Additional Rent. Section 3.1 Commending two (2) months after the rent commencement date, the TENANT shall pay to the LANDLORD an Annual Basic Rent to INDUSTRIAL & RESEARCH ASSOCIATES CO. at P.O. Box 9020, Hicksvixxx, Xxx Xxxx 00000-0000 xx xxxxx xxxxxxx xxxtallments in advance of or on the first day of each month without notice and demand and without abatement, deduction or set-off of any amount whatsoever as per the following schedule: TERM BASIC ANNUAL RENT MONTHLY RENT 06/01/96-05/31/97 $443,840.00 $36,986.67 06/01/97-05/31/98 $463,969.00 $38,641.33 5 06/01/98-05/31/99 $483,552.00 $40,296.00 06/01/99-05/31/2000 $503,408.00 $41,950.67 06/01/00-05/31/01 $523,264.00 $43,605.33 06/01/01-05/31/02 $543,120.00 $45,260.00 06/01/02-05/31/03 $562,976.00 $46,914.67 06/01/03-05/31/04 $582,832.00 $48,469.33 06/01/04-05/31/05 $602,688.00 $50,224.00 06/01/05-05/31/06 $622,544.00 $51,878.67 The fractional rent, if any, from the rent commencement date (as above provided) to the date of the first day of the following month shall be paid by the TENANT to the LANDLORD within five (5) days after the rent commencement date. The LANDLORD acknowledges receipt of $147,946.68 representing the rent for the first four (4) full months for which rent is due hereunder.
Basic Rent Additional Rent. The Tenant shall pay Basic Rent to the Landlord at the annual rate of Two Hundred Forty-Two Thousand Dollars and No Cents ($242,000.00). Basic Rent shall be payable in advance on the first day of each month in equal installments at the rate of $20,166.67 per month to the Landlord at the address set forth above or such other address as the Landlord may thereafter specify by notice to the Tenant, without counterclaim, set off, deduction or defense and, except as otherwise expressly provided herein, without abatement. This Lease is intended by the parties hereto to be a so-called "net" lease and, to the end that the Basic Rent shall be received by the Landlord net of all costs and expenses related to the Premises, except as expressly set forth herein. The Tenant agrees to pay, in addition to the Tenant's obligations with respect to real estate taxes, insurance premiums, utilities costs, costs of repairs and maintenance to the Premises and other costs which are specifically set forth herein, to the Landlord upon demand as Additional Rent, in the same manner as Basic Rent: (i) any and all charges, costs, expenses, and obligations of every kind and nature whatever as the Landlord may from time to time actually incur in good faith with regard to the Premises or the operation or maintenance thereof, except as otherwise expressly agreed in this Lease, including, without limiting the generality of the foregoing, reasonable attorneys' fees incurred by the Landlord in connection with any amendments to, consents under and subleases and assignments of this Lease requested by the Tenant and in connection with the enforcement of rights and pursuit of the remedies of the Landlord under this Lease (whether during or after the expiration or termination of the Term of this Lease) and (ii) one hundred percent (100%) of Common Expenses as hereinafter defined. Except as otherwise specifically set forth in Paragraph 10 hereof, "Common Expenses" shall mean any and all charges, costs and expenses of every kind and nature whatever, which the Landlord may from time to time actually incur and the reasonable value, based on competitive rates, of any materials and services which the Landlord may provide in good faith with respect to the ownership, operation and maintenance of the Building and the Premises, including, without limitation, (i) making non-capital repairs (or capital repairs to the extent permitted in the next following paragraph) to and undertaking maintenance of the Buildi...
Basic Rent Additional Rent. Effective with the Commencement Date, and for the term of this Lease as defined by (S)4 above (except as provided for in the second paragraph of this clause), the Tenant shall pay to the Landlord as Basic Rent, the sum of Three Hundred Seventy Six Thousand ($376,000.00) Dollars per year in monthly installments of Thirty One Thousand Three Hundred Thirty Three and 33/100 (31,333.33) Dollars, the same calculated at the rate of $8.00 per square foot for 47,000 rentable square feet of area at the Building more particularly described on Exhibit A. As more specifically set forth hereafter, each yearly amount of Basic Rent is to be Triple Net. Basic Rent shall be payable without counterclaim, deduction, defense setoff or abatement, except as otherwise expressly provided herein, in advance on the first day of each month in equal installments (except in the case of a partial month at the beginning of the Term, in which event the Tenant shall pay the appropriate pro rata proportion of such installment) to the Landlord at the address set forth above or to such other party or such other address as the Landlord may thereafter from time to time specify by notice to the Tenant. If the name or address of the party entitled to receive Basic Rent and Additional Rent shall be changed, the Tenant may, until ten (10) days after receipt of such notice or such change, continue to pay Basic Rent and Additional Rent to the party and the address to which, and in the manner in which, the preceding installment of Basic Rent was paid. To the end this Lease is Triple Net, Basic Rent shall be received by the Landlord net of all costs and expenses related to the Premises other than as expressly set forth herein. The Tenant agrees to pay, for that area leased to it and exclusively dedicated to its use, its proportionate share
Basic Rent Additional Rent. Section 2.1 Commencing on the Rent Commencement Date, and throughout the Term, Tenant will pay annual basic rent (the "Basic Rent"), in the amounts determined in accordance with Schedule 1 attached hereto, in equal monthly installments in advance of the first (1st) day of each month during the Term, without notice or demand and without any rights of reduction, counterclaim or offset except as specifically set forth 4 4 in Articles 12 and 13. If the Rent Commencement Date falls on a day other than the first day of a calendar month, the first payment which Tenant shall make on the Rent Commencement Date shall be equal to the proportionate part of the Basic Rent for the partial month from the Rent Commencement Date to the first day of the succeeding calendar month. Basic Rent will be paid to Landlord, at the address of Landlord as above set forth or at such other address as Landlord may designate in writing from time to time. If the Term terminates on a day other than the last day of the month, then the installment of Basic Rent for the last month of the Term will be adjusted accordingly.
Basic Rent Additional Rent. The Tenant shall pay Basic Rent to the Landlord at an annual rate pursuant to Exhibit C annexed hereto and made a part hereof. Basic Rent shall be payable in advance on the first day of each month in equal installments to the Landlord at the address set forth above or such other address as the Landlord may thereafter specify by notice to the Tenant, without counterclaim, set off, deduction or defense and, except as otherwise expressly provided herein, without abatement. This Lease is intended by the parties hereto to be a so-called "net" lease and, to the end that the Basic Rent shall be received by the Landlord net of all costs and expenses related to the Property, the Building and the Premises, except as expressly set forth herein, the Tenant agrees to pay, in addition to the Tenant's obligations with respect to real estate taxes, insurance premiums, management fees, utilities costs, costs of repairs and maintenance and other costs which are specifically set forth herein, to the Landlord upon demand as Additional Rent, in the same manner as Basic Rent, any and all charges, costs, expenses, and obligations of every kind
Basic Rent Additional Rent. From and after the Term Commencement Date, the annual Basic Rent for the Premises during the Term shall be due in accordance with the following schedule: ANNUAL BASIC RENT MONTHLY BASIC RENT Years l and 2: $705,159.00 $58,763.25 Years 3 and 4: $757,396.00 $63,116.08 Years 5 and 6: $809,627.00 $67,468.92 Basic Rent shall be payable in advance on the first day of each month in equal installments (except in the case of a partial month at the beginning of the Term, in which event the Tenant shall pay an appropriate pro rata proportion of such installment) to the Landlord at the address set forth above or such other address as the Landlord may thereafter specify by the notice to the Tenant, without counterclaim, set off, deduction, abatement or defense, except as otherwise expressly provided herein.
Basic Rent Additional Rent. (a) Sublessee covenants to pay an annual fixed rent (the "Basic Rent") equal to Two Hundred Sixteen Thousand Five Hundred Fifty-Two Dollars And No/100 ($216,552.00) ($18,046.00 per month) for and during the period commencing on the Sublease Commencement Date and continuing thereafter throughout the Sublease Term, which annual Basic Rent shall be payable by Sublessee to Sublessor in equal monthly installments, in advance, on the first day of each and every calendar month during the Sublease Term without notice, demand, offset, reduction or abatement (other than as expressly provided in Subsection (e) below), except that the first monthly installment of Basic Rent due shall be paid on the date that Sublessee executes this Sublease.
Basic Rent Additional Rent. 13 ARTICLE 4
