Basic Rent During Initial Term Sample Clauses
Basic Rent During Initial Term. (Basic Rent). Landlord reserves and Tenant covenants to pay to Landlord, without demand or notice, and without any set-off or deduction, a net basic rental (herein the Basic Rent of:
(a) For the period June 1, 1998 - May 31, 2001 Basic Rent shall be ONE HUNDRED SIXTY-FOUR THOUSAND, THREE HUNDRED AND FORTY ($164,340.00) DOLLARS payable in equal monthly installments of THIRTEEN THOUSAND, SIX HUNDRED AND NINETY FIVE ($13,695.00) DOLLARS.
Basic Rent During Initial Term. Commencing on the Commencement Date, and continuing on the first day of each month thereafter for the succeeding months during the balance of the Term, Tenant shall pay to Landlord monthly basic rent ("Basic Rent"), in advance, according to the following schedule: Months 1-12 $60,536.66 Months 13-24 $62.352.76 Months 25-36 $64,223.35 Months 37-48 $66,150.07 Months 49-60 $68,134.55 Monthly installments of Basic Rent shall be prorated on a per diem basis for the first and last month of the Term if the Commencement Date or Expiration Date, as the case may be, is not the first day or last day of a calendar month. All other payments required by this Lease to be made by Tenant during the Term are "Additional Rent" and shall be considered Rent. Payments of Rent shall be made at Landlord's Address or at such other address as Landlord may from time to time designate in writing. All Rent shall be paid without demand, setoff, adjustment, deduction or abatement, except as may be specifically provided in this Lease.
Basic Rent During Initial Term