Basic Rent and Additional Rent Clause Samples

Basic Rent and Additional Rent. 2.01. Tenant shall pay to Landlord Basic Rent over and above the other and additional payments to be made by Tenant. 2.02. Basic Rent shall be absolutely net to Landlord so that this Lease shall yield net to Landlord the Basic Rent throughout the Lease Term. 2.03. Tenant shall pay, as additional rent, all other amounts, liabilities, obligations and other payments which Tenant herein assumes or agrees to pay (collectively, "Additional Rent"), and, in the event of any failure on the part of Tenant to pay any item of Additional Rent, Landlord shall have all rights, powers and remedies provided for herein or by law in the case of nonpayment of Basic Rent. 2.04. Basic Rent and Additional Rent for the first month or partial month (calculated on the basis of the actual number of days of such partial month) of the Lease Term shall be paid to Landlord prior to the Commencement Date, and thereafter, payment shall be made on the first day of each month, without notice or demand, at the address specified by Landlord. 2.05. All payments of Basic Rent and Additional Rent shall be made without notice, demand, counterclaim, setoff, deduction or defense, and without abatement, suspension, deferment, diminution or reduction for any reason whatsoever, except as hereinafter otherwise specifically provided. Should any payment of Basic Rent or Additional Rent be received by Landlord subsequent to the 10th day of the month for which it is due, then Tenant shall pay to Landlord as Additional Rent, at that time, a late charge equal to two percent (2%) of the amount due under this Section. 2.06. On the Expiration Date or earlier termination of this Lease, Tenant shall remove its goods and effects and peacefully yield up the Premises to Landlord in the order and condition required by the provisions of Sections 10.01 and 10.

Basic Rent and Additional Rent. Rent to be paid under this Sublease shall include Basic Rent and Additional Rent as described in this Section 3, and all other sums that may be owing from Subtenant to Sublandlord under the terms of this Sublease.

Basic Rent and Additional Rent. Tenant covenants and agrees to pay to 453 Landlord all of the following (all of which is collectively referred to as “Rent”): 454 455 (a) Monthly basic rent (“Basic Rent”) in the sum of $55.00 for each Leased Space, to be 456 paid in advance on the first day of each month during the Term for the upcoming month or portion 457 thereof, provided that Rent for the last calendar month of the Term or portion thereof shall be due and 458 payable on the last day of the Term. 459 460 (b) Additional rent (“Additional Rent”) in the amount of any payment referred to as 461 such in any portion of this Lease that accrues while this Lease is in effect, which shall include any and all 462 charges or other amounts that Tenant is obligated to pay Landlord under this Lease other than Basic Rent. 463 464 (c) This Section 4.1 is subject to Section 4.5(b). 465

Basic Rent and Additional Rent. (a) Starting on the first day of the thirteenth month from the Commencement Date and continuing through the fifth year following said date, Tenant shall pay as basic rent ("Basic Rent") the annual sum of TWO HUNDRED SIXTY-TWO THOUSAND EIGHT HUNDRED THIRTY-SEVEN AND 50/100 ($262,837.50) DOLLARS or $21.50 per square foot of rental space in equal monthly installments of TWENTY-ONE THOUSAND NINE HUNDRED THREE AND 13/100 DOLLARS ($21,903.13) on or before the first date of each month, in advance, to Landlord at the address of the Landlord above designated or such other place as shall be designated by Landlord. Landlord agrees to waive basic rental payments (with the exception of tenant electric) for the initial twelve (12) months of the lease term. (b) As additional consideration to the Tenant for the Tenant's entry into this lease transaction, and upon the condition that the Tenant is not in default of this Agreement of Lease, the Landlord shall pay to the Tenant the sum of $8,000. on August 1, 1988 and a similar sum on September 1, 1988, but such payment shall not be required at any other times. (c) Tenant shall also pay as Additional Rent any and all such other sums of money as shall become due to the Landlord pursuant to the terms and provisions hereof including but not limited to Tenant improvements authorized by and to be paid by Tenant, without demand therefor and without any abatement, counterclaim, deduction or setoff whatsoever except as provided herein. Basic Rent and Additional Rent is sometimes hereinafter collectively referred to as "Rent". (d) If Tenant shall fail to pay the Basic Rent and Additional Rent within ten (10) business days following the due date of any such payment, and if Landlord agrees to accept any such late payment, then in the event of such late payment, the Tenant agrees to pay to Landlord interest on any such sums at the rate of 5% of any such late installment of Rent or Additional Rent, as Additional Rent, or if said rate under the circumstances then prevailing shall not be lawful, then at the maximum lawful rate permitted. The foregoing shall be in addition to any other right or remedy which may be available to Landlord in the event of default by Tenant. (e) The Tenant agrees to deposit with the Landlord upon the execution date of this Lease the sum of $21,903.13 as security for the payment of Rent and/or Additional Rent hereunder and the full and faithful performance by the Tenant of the covenants and conditions on the part ...

Basic Rent and Additional Rent. 5.1. The Tenant shall pay to the Landlord during the Term in such coin or currency of the United States of America as at the time of payment shall be legal tender for the payment of public and private debts, at the address of the Landlord for notices as specified in Article 37, a net basic rental (hereinafter called the "Basic Rent") over and above the other additional payments to be made by the Tenant as hereinafter provided, equal to TWO HUNDRED THOUSAND AND NO/100 Dollars ($200,000) per annum. Basic Rent shall be payable in arrears in equal semiannual payments of ONE HUNDRED THOUSAND AND NO/100 Dollars ($100,000) on the first days of June and December during the Term. If the Term of the Lease shall begin other than on the first day of the month of June or December, the Basic Rent period shall be prorated on a per diem basis, and Tenant shall promptly pay to Landlord on December 1, 1993, the amount thereof for such partial semiannual period. If the Term of the Lease shall expire or terminate other than on the last day of the month of June or December, the Basic Annual Rent shall be prorated on a per diem basis, and Tenant shall promptly pay to Landlord the amount thereof for such partial semiannual period. 5.2. The liability and obligation of the Tenant to pay the Basic Rent is a separate, absolute, unconditional and independent covenant. The Tenant shall pay the Basic Rent without notice, demand, set-off, counterclaim, deduction, defense, abatement, suspension, deferment, recoupment, diminution or reduction and, except as otherwise expressly provided in this Lease, the Tenant shall have no right to terminate this Lease or to be released, relieved or discharged from any obligations or liabilities hereunder (which notice, demand, set-off, counterclaim, deduction, defense, abatement, suspension, deferment, recoupment, diminution, reduction, termination, release, relief and discharge are hereinafter referred to collectively as "Remedies") for any reason whatsoever, including without limitation: (a) any damage to or destruction of the Demised Premises or the Equipment or any part thereof; (b) any limitation, restriction, deprivation or prevention of, or any interference with, any use of the Demised Premises or the Equipment or any part thereof; (c) any taking of the Demised Premises or any part thereof by condemnation or otherwise; (d) any occurrence or circumstance constituting eviction from the Demised Premises or the Equipment or any part thereof; (e) any...

Basic Rent and Additional Rent. The Subtenant covenants to pay as basic rent (“Sublease Basic Rent”) for the whole period of the Sublease Term commencing on April 1, 2005 and ending on April 1, 2006 the sum of $12,000 per annum, in equal monthly instalments payable in advance on the first day of each and every month. The Subtenant covenants to pay all Additional Rent when due under the Head Lease. The Sublease Basic Rent and Additional Rent will be referred to collectively as “Rent”.

Basic Rent and Additional Rent. Section 2.1 Tenant covenants and agrees, as conditions of this Lease, to keep and abide by all of the terms, covenants and conditions of this Lease on the part of Tenant to be performed and to pay Basic Rent and electric for the Demised Premises as set forth in the following schedule. 1 $ 385,638.36 $ 32,136.53 $ 42,149.76 $ 3,512.48 2 $ 393,351.12 $ 32,779.26 $ 42,149.76 $ 3,512.48 3 $ 401,218.20 $ 33,434.85 $ 42,149.76 $ 3,512.48 4 $ 409,242.60 $ 34,103.55 $ 42,149.76 $ 3,512.48 5 $ 417,427.44 $ 34,785.62 $ 42,149.76 $ 3,512.48 6 $ 425,775.96 $ 35,481.33 $ 42,149.76 $ 3,512.48 7 $ 434,291.52 $ 36,190.96 $ 42,149.76 $ 3,512.48 8 $ 442,977.36 $ 36,914.78 $ 42,149.76 $ 3,512.48 9 $ 451,836.96 $ 37,653.08 $ 42,149.76 $ 3,512.48 10 $ 460,873.68 $ 38,406.14 $ 42,149.76 $ 3,512.48 For Tenant’s convenience, Basic Rent and electric payments shall be payable in equal monthly installments on the first day of each month during the term of the Lease, in advance. For the purposes of this Lease, the term “lease year” shall mean for (a) the first lease year, the one (1) year period commencing on the Commencement Date plus, if the Commencement Date is not the first day of a calendar month, the number of days between the Commencement Date and the end of the month in which the Commencement Date occurs and (b) each lease year thereafter, the one (1) year period commencing on the expiration of the preceding lease year. If the Commencement Date occurs on a day other than the first day of the month, Basic Rent for the first month of the term shall be apportioned. Such first month’s Basic Rent shall be due and payable on Tenant’s execution of this Lease. Section 2.2 (a) Tenant shall not be required to pay Basic Rent for the Demised Premises (but shall pay Storage Rent as hereinafter defined and as set forth in Section 33.2 of this Lease) during the first (1st ) lease year and during the last two (2) months of the initial term of the Lease, provided that Tenant is not in default under this Lease beyond any applicable grace or cure periods at the time of such abatement of rent, or such later date if Tenant cures said default. Tenant’s obligation to pay Additional Rent (as hereinafter defined) shall commence as of the Commencement Date. “Additional Rent” shall mean all other charges, costs, damages and fees, including Tax Payments (as defined in Section 2.7) under this Lease, which do not constitute Basic Rent. * Electric is subject to escalation and adjustment pursuant to Article...

Basic Rent and Additional Rent. The Tenant covenants and agrees to pay to the Landlord at the office of the Landlord or at such other place designated by Landlord, in lawful money of Canada, without any prior demand therefor and without any deduction or set-off, the basic rent ("Basic Rent") as follows: The sum of $0 per month from and including November 15, 1999 to and including December 31, 1999; The sum of $3,797.63 shall be paid on or before the 1st day of January, 2000 and a like sum shall be paid on the first day of each and every consecutive month thereafter, up to and including the 1st day of December, 2000; The sum of $3,958.55 shall be paid on or before the 1st day of January, 2001 and a like sum shall be paid on the first day of each and every consecutive month thereafter, up to and including the 1st day of December, 2001; The sum of $4,280.38 shall be paid on or before the 1st day of January, 2002 and a like sum shall be paid on the first day of each and every consecutive month thereafter, up to and including the 1st day of December, 2002; Additional Rent ----------------

Basic Rent and Additional Rent. Each month during the term of ----------- ------------------------------ this Sublease Subtenant shall pay to Sublandlord basic rent (the "Basic Rent") in the amount of eighteen thousand fifty-three dollars and eighty cents ($18,053.80), together with Subtenant's share of "Operating Expenses" (as defined in Section 5 of the Master Lease) and all other costs and expenses otherwise payable by Sublandlord under the Master Lease (collectively referred to herein as "Additional Rent"). Sublandlord shall have the same remedies with respect to non-payment of Additional Rent as Sublandlord possesses with respect to non-payment of Basic Rent. (Basic Rent and Additional Rent are sometimes collectively referred to herein as "Rent" and/or "Rents".)