Common use of Basic Rental Clause in Contracts

Basic Rental. Tenant agrees to pay to Landlord during the Term hereof, at Landlord's office or to such other person or at such other place as directed from time to time by written notice to Tenant from Landlord, the monthly and annual sums as set forth in Article 1.C. of the Basic Lease Provisions, payable in advance on the first (1st) day of each calendar month, without demand, setoff or deduction, and in the event this Lease commences or the date of expiration of this Lease occurs other than on the first (1st) day or last day of a calendar month, the rent for such month shall be prorated. Notwithstanding anything to the contrary contained herein and provided that Tenant faithfully performs all of the terms and conditions of this Lease, Landlord hereby agrees to xxxxx Tenant's obligation to pay monthly Basic Rental for the second (2nd) and third (3rd) full calendar months of the initial Lease Term. During such abatement periods, Tenant shall still be responsible for the payment of all of its other monetary obligations under this Lease. In the event of a default by Tenant under the terms of this Lease that results in early termination pursuant to the provisions of Section 20(a) of this Lease, then as a part of the recovery set forth in Article 20 of this Lease, Landlord shall be entitled to the recovery of the monthly Basic Rental that was abated under the provisions of this Section 3(a). The amount of Basic Rental to be abated pursuant to this Section 3(a) above may be referred herein as "Abated Rent Amount." Notwithstanding the foregoing or anything to contrary contained herein, upon written notice to Tenant, Landlord shall have the option to purchase all or any portion of Tenant's Abated Rent Amount by paying such amount to Tenant, in which case the amount so paid to Tenant shall nullify an equivalent amount of abatement of Tenant's Basic Rental as to the period so designated by Landlord in Landlord's written notice to Tenant. In addition, notwithstanding the foregoing, the first full month's Basic Rental shall be paid to Landlord in accordance with Article 1.J. of the Basic Lease Provisions and, if the Commencement Date is not the first day of a month, Basic Rental for the partial month commencing as of the Commencement Date shall be prorated based upon the actual number of days in such month and shall be due and payable upon the Commencement Date.

Appears in 3 contracts

Samples: Standard Office Lease (Neurmedix, Inc.), Standard Office Lease (Neurmedix, Inc.), Standard Office Lease (Neurmedix, Inc.)

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Basic Rental. (a) Tenant promises and agrees to pay Landlord the Basic Rental (subject to adjustment as hereinafter provided) without demand, notice, deduction, counterclaim or set-off, for each month of the entire Lease Term. The first full monthly installment shall be due and payable upon execution of this Lease. The Basic Rental for each subsequent month shall be paid in advance beginning on the first day of the calendar month following the expiration of the first calendar month of the Lease Term and continuing thereafter on or before the first day of each succeeding calendar month during the term hereof. If the Lease Term begins on a date other than on the first day of a month, rent for the first partial month of the Lease Term shall be prorated at the rate of one- thirtieth (1/30th) of the monthly installment of rent for each day, payable in advance on the Lease Commencement Date. Tenant will pay all rent to Landlord during at the Term hereof, at Landlord's office of Landlord or to such other person party or at to such other place address as directed Landlord may designate from time to time by written notice to Tenant from LandlordTenant. Notwithstanding the foregoing, the Basic Rental for the first year of the Lease shall be divided into two portions consisting of (1) Basic Rental for the A-1 Premises totalling $42,123.00 annually, payable in equal monthly installments of $3,510.25 each ("A-1 Basic Rental") and annual sums (2) Basic Rental for the A-2 Premises totalling $83,657.00 annually, payable in equal monthly installments of $6,971.42 each ("A-2 Basic Rental"), for a total Basic Rental of $125,780.00 annually during the first year of the Lease prior to adjustment as set forth in Article 1.C. Section 4 hereof. During the first year of the Basic Lease Provisions, payable in advance on the first (1st) day of each calendar month, without demand, setoff or deduction, and as set forth in the event this Lease commences or the date of expiration of this Lease occurs other than on the first (1st) day or last day of a calendar monthpreceding sentence, the rent for such month shall be prorated. Notwithstanding anything to the contrary contained herein and provided that Tenant faithfully performs all of the terms and conditions of this Lease, Landlord hereby agrees to xxxxx Tenant's obligation to pay monthly payment of Basic Rental for the second A-1 Premises shall commence on the Commencement Date (2nd"A-1 Rent Commencement Date"); and Tenant's payment of Basic Rental for the A-2 Premises shall commence on the earlier to occur of (1) and third September 1, 1991; or (3rd2) Tenant's occupancy of the A-2 Premises ("A-2 Rent Commencement Date"). Notwithstanding the foregoing, Landlord agrees to xxxxx the A-1 Basic Rental for the first two full calendar months following the A-1 Rent Commencement Date for a total abatement of the initial Lease Term. During such abatement periods, Tenant shall still be responsible for the payment of all of its other monetary obligations under this Lease. In the event of a default by Tenant under the terms of this Lease that results in early termination pursuant to the provisions of Section 20(a) of this Lease, then as a part of the recovery set forth in Article 20 of this Lease, Landlord shall be entitled to the recovery of the monthly A-1 Basic Rental that was abated under in the provisions of this Section 3(a). The amount of $7,020.50; and Landlord agrees to xxxxx the A-2 Basic Rental to be abated pursuant to this Section 3(a) above may be referred herein as "Abated Rent Amount." Notwithstanding the foregoing or anything to contrary contained herein, upon written notice to Tenant, Landlord shall have the option to purchase all or any portion of Tenant's Abated Rent Amount by paying such amount to Tenant, in which case the amount so paid to Tenant shall nullify an equivalent amount of abatement of Tenant's Basic Rental as to the period so designated by Landlord in Landlord's written notice to Tenant. In addition, notwithstanding the foregoing, for the first full month's two calendar months following the A-2 Rent Commencement Date for a total abatement of A-2 Basic Rental shall be paid to Landlord in accordance with Article 1.J. the amount of $13,942.84. Effective on the first anniversary of the Basic Lease Provisions andCommencement Date, or if the Commencement Date is not on the first day of a month, Basic Rental for then on the partial month commencing as first day of the Commencement Date shall be prorated based upon the actual number of days in such first full calendar month and shall be due and payable upon after the Commencement Date, the Basic Rental (including both the A-1 Basic Rental and the A-2 Basic Rental) shall be increased pursuant to Section 4 hereof and payable as set forth in the first paragraph of this Section 3(a).

Appears in 1 contract

Samples: Lease Agreement (Argosy Education Group Inc)

Basic Rental. Tenant agrees to pay to Landlord during the Term hereof, ------------ at Landlord's office or to such other person or at such other place as directed from time to time by written notice to Tenant from Landlord, the initial monthly and annual sums as set forth in Article 1.C. 1.C of the Basic Lease Provisions, payable in advance on the first (1st) day of each calendar month, without demand, setoff or deduction, and in the event this Lease commences or the date of expiration of this Lease occurs other than on the first (1st) day or last day of a calendar month, the rent for such month shall be prorated. Notwithstanding anything to the contrary contained herein and provided that Tenant faithfully performs all is not in default in any of its monetary obligations under this Lease as of the terms and conditions expiration of this Leasethe twelfth (12th) month of the Term, Landlord hereby agrees to xxxxx Tenant's obligation to pay monthly Basic Rental for the second thirteenth (2nd13th) and third (3rd) full calendar months month of the initial Lease TermTerm by fifty percent (50%). During such abatement periodsperiod, Tenant shall still be responsible for the payment of the remaining fifty percent (50%) of monthly Basic Rental and all of its other monetary obligations under this the Lease. In the event of a default by Tenant under the terms of this Lease that results in early termination pursuant to the provisions of Section 20(a) of this Lease, then as a part of the recovery set forth in Article 20 of this Lease, Landlord shall be entitled to the recovery of the monthly Basic Rental that was abated under the provisions of this Section 3(a)Article 3. The amount of Basic Rental to be abated pursuant to this Section 3(a) above may be referred herein as "Abated Rent Amount." Notwithstanding the foregoing or anything to contrary contained herein, upon written notice to Tenant, Landlord shall have the option to purchase all or any portion of Tenant's Abated Rent Amount by paying such amount to Tenant, in which case the amount so paid to Tenant shall nullify an equivalent amount of abatement of Tenant's Basic Rental as to the period so designated by Landlord in Landlord's written notice to Tenant. In addition, notwithstanding the foregoing, the first full month's Basic Rental rent shall be paid to Landlord in accordance with Article 1.J. of the Basic Lease Provisions and, if the Commencement Date is not the first day of a month, Basic Rental for the partial month commencing as of the Commencement Date shall be prorated based upon the actual number of days in such month and shall be due and payable upon the Commencement DateProvisions.

Appears in 1 contract

Samples: Standard Office Lease (E Perception Inc)

Basic Rental. Tenant (a) Subject to the rental abatement as herein provided, commencing on the Commencement Date, Xxxxxx promises and agrees to pay Landlord the Basic Rental (subject to Landlord during the Term hereofadjustment as hereinafter provided) without demand, at Landlord's office notice, deduction, counterclaim, abatement or to such other person or at such other place as directed from time to time by written notice to Tenant from Landlordset-off, the monthly and annual sums as set forth in Article 1.C. for each month of the entire Lease Term. The first monthly installment of Basic Lease Provisions, Rental payable hereunder shall be due and payable upon execution of this Lease. The Basic Rental for each subsequent month shall be paid in advance beginning on the first (1st) day of the calendar month following the expiration of the first calendar month of the Lease Term for which Basic Rental is payable hereunder and continuing thereafter on or before the first day of each succeeding calendar month during the term hereof; provided, however, that Basic Rental for the second calendar month for which Basic Rental is payable hereunder shall be prorated based on one-three hundred sixtieth (1/360th) of the current annual Basic Rental for each day of the first partial month, without demandif any, setoff or deduction, and in the event this Lease commences or is in effect and shall be due and payable as aforesaid. Notwithstanding the date foregoing, so long as Tenant is not then in default hereunder, beyond any applicable notice and cure period, Landlord agrees to xxxxx the Basic Rental otherwise payable for each of expiration of this Lease occurs other than on the first three (1st3) day or last day of a calendar month, months following the rent for such month shall be proratedCommencement Date. Notwithstanding anything to the contrary contained herein herein, if Tenant fails to timely pay, which shall include any required notice period, any two (2) installments of rent within a six-month period, Landlord at its sole option may 1) require Tenant to make all future payments on or before the due date in cash or by cashier’s check or money order, and provided the delivery of Tenant’s personal or corporate check shall no longer constitute payment thereof, or 2) Landlord may require that Tenant faithfully performs all of the terms deposit an additional Security Deposit equal to one month’s rent, from which Landlord, at his or her sole discretion, may satisfy any future payments to be made by Tenant, and conditions of this Lease, Landlord hereby agrees to xxxxx Tenant's obligation to pay monthly Basic Rental for the second (2nd) and third (3rd) full calendar months of the initial Lease Term. During such abatement periods, Tenant shall still be responsible for required to maintain such additional Security Deposit levels throughout the payment of all of its other monetary obligations under this Lease. In the event of a default by Tenant under the terms of this remaining Lease that results Term as described in early termination pursuant to the provisions of Section 20(a) of this Lease, then as a part of the recovery set forth in Article 20 of this Lease, Landlord shall be entitled to the recovery of the monthly Basic Rental that was abated under the provisions of this Section 3(a). The amount of Basic Rental to be abated pursuant to this Section 3(a) above may be referred herein as "Abated Rent Amount." Notwithstanding the foregoing or anything to contrary contained 5 herein, upon written notice to Tenant, Landlord shall have the option to purchase all or any portion of Tenant's Abated Rent Amount by paying such amount to Tenant, in which case the amount so paid to event Tenant shall nullify an equivalent amount of abatement of Tenant's Basic Rental have 5 business days to deposit such additional Security Deposit as to the period so designated by Landlord in Landlord's written notice to Tenant. In addition, notwithstanding the foregoing, the first full month's Basic Rental shall be paid to Landlord in accordance with Article 1.J. of the Basic Lease Provisions and, if the Commencement Date is not the first day of a month, Basic Rental for the partial month commencing as of the Commencement Date shall be prorated based upon the actual number of days in such month and shall be due and payable upon the Commencement Daterequired above.

Appears in 1 contract

Samples: Deed of Lease (Urgent.ly Inc.)

Basic Rental. (a) Throughout the term Tenant agrees to shall pay to Landlord during as rent the Term hereof, at Landlord's office or to such other person or at such other place as directed from time to time by written notice to Tenant from Landlord, basic annual rental for said premises in the monthly and annual sums as amount set forth in Article 1.C. 1 plus the adjustment for increases in the cost of the Basic Lease Provisions, operation and maintenance as hereinafter provided. The rent shall be payable in equal monthly installments in advance on the first (1st) day of each and every calendar month, without demand, setoff or deduction, and in . The payment for the event this Lease commences or first full month of the date of expiration term is to be made concurrently with the execution of this Lease occurs Lease. When the Commencement Date is other than on the first (1st) day or last day of a calendar month, the rent for such month shall be prorated. Notwithstanding anything to the contrary contained herein and provided that Tenant faithfully performs all of the terms and conditions of this Lease, Landlord hereby agrees to xxxxx Tenant's obligation to pay monthly Basic Rental for the second (2nd) and third (3rd) full calendar months of the initial Lease Term. During such abatement periods, Tenant shall still be responsible for the payment of all of its other monetary obligations under this Lease. In the event of a default by Tenant under the terms of this Lease that results in early termination pursuant to the provisions of Section 20(a) of this Lease, then as a part of the recovery set forth in Article 20 of this Lease, Landlord shall be entitled to the recovery of the monthly Basic Rental that was abated under the provisions of this Section 3(a). The amount of Basic Rental to be abated pursuant to this Section 3(a) above may be referred herein as "Abated Rent Amount." Notwithstanding the foregoing or anything to contrary contained herein, upon written notice to Tenant, Landlord shall have the option to purchase all or any portion of Tenant's Abated Rent Amount by paying such amount to Tenant, in which case the amount so paid to Tenant shall nullify an equivalent amount of abatement of Tenant's Basic Rental as to the period so designated by Landlord in Landlord's written notice to Tenant. In addition, notwithstanding the foregoing, the first full month's Basic Rental shall be paid to Landlord in accordance with Article 1.J. of the Basic Lease Provisions and, if the Commencement Date is not the first day of a month, Basic Rental payable for the partial month commencing as of following the Commencement Date shall be prorated based upon the actual number of days in such month on a daily basis and shall be due and payable upon on the Commencement DateDate of the term. Tenant acknowledges that late payment by Tenant to Landlord of rent or other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which would be extremely difficult and impractical to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed on Landlord by the terms of any mortgage or trust deed covering the premises. Therefore, in the event Tenant shall fail to pay any installment of rent or any sum due hereunder after such amount is due, Tenant shall pay to Landlord as additional rent a late charge equal to ten percent (10%) of such installment or other sum of $25.00 per month whichever is greater. A $10.00 charge will be paid by the Tenant to the Landlord for each returned check. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall neither constitute a waiver of Tenant's default with respect to such overdue amount nor prevent Landlord from exercising any other right or remedy granted under this Lease. (b) The minimum monthly rental shall be adjusted on each anniversary of the commencement date of this lease in the following manner: The Consumer Price Index for all Urban Consumers (base year 1967 = 100) for San Diego California, published by the United States Department of Labor, Bureau of Labor Statistics ("Index"), which is published for the date nearest the anniversary of the commencement date of this lease ("Anniversary Index"), shall be compared with the Index published for the date immediately preceding the month in which the term of this lease commences ("Beginning Index"). If this Anniversary Index has increased over the Index applicable to the previous year, the minimum monthly rent payable during the succeeding year shall be set by multiplying the minimum monthly rental for the immediately preceding year by a fraction, the numerator of which is the Anniversary Index and the denominator of which is the prior year's Anniversary Index except in the second year when the denominator shall be the beginning year.

Appears in 1 contract

Samples: Acubid Com Inc

Basic Rental. Tenant agrees to pay to Landlord during the Term hereof, at Landlord's office or to such other person or at such other place as directed from time to time by written notice to Tenant from Landlord, the initial monthly and annual sums as set forth in Article 1.C. 1.C of the Basic Lease Provisions, payable in advance on the first (1st) day of each calendar month, without demand, setoff or deduction, and in the event this Lease commences or the date of expiration of this Lease occurs other than on the first (1st) day or last day of a calendar month, the rent for such month shall be prorated. Notwithstanding anything to the contrary contained herein and provided that Tenant faithfully performs all of the terms and conditions of this Lease, Landlord hereby agrees to xxxxx abate Tenant's obligation to pay monthly Monthly Basic Rental for the second five (2nd5) and third (3rd) full calendar months moxxxx of the initial Lease Term. The five (5) months of abated rent shall be for the first (1st), the seventeenth (17th), the eighteenth (18th), the nineteenth (19th) and the thirty-sixth (36th) months of the Term. During such abatement periods, Tenant shall still be responsible for the payment of all of its other monetary obligations under this the Lease. In the event of a default by Tenant under the terms of this Lease that results in early termination pursuant to the provisions of Section 20(a) of this Lease, then as a part of the recovery set forth in Article Section 20 of this Lease, Landlord shall be entitled to the recovery of the monthly Monthly Basic Rental that was abated under the provisions of this Section 3(a). The amount of Basic Rental to be abated pursuant to this Section 3(a) above may be referred herein as "Abated Rent AmountArticle 3." Notwithstanding the foregoing or anything to contrary contained herein, upon written notice to Tenant, Landlord shall have the option to purchase all or any portion of Tenant's Abated Rent Amount by paying such amount to Tenant, in which case the amount so paid to Tenant shall nullify an equivalent amount of abatement of Tenant's Basic Rental as to the period so designated by Landlord in Landlord's written notice to Tenant. In addition, notwithstanding the foregoing, the first full month's Basic Rental shall be paid to Landlord in accordance with Article 1.J. of the Basic Lease Provisions and, if the Commencement Date is not the first day of a month, Basic Rental for the partial month commencing as of the Commencement Date shall be prorated based upon the actual number of days in such month and shall be due and payable upon the Commencement Date.

Appears in 1 contract

Samples: Office Lease (Matchnet, Inc.)

Basic Rental. Tenant agrees to pay to Landlord during the Term hereof, at Landlord's ’s office or to such other person or at such other place as directed from time to time by written notice to Tenant from Landlord, the monthly and annual sums as set forth in Article 1.C. of the Basic Lease Provisions, payable in advance on the first (1st) day of each calendar month, without demand, setoff or deduction, and in the event this Lease commences or the date of expiration of this Lease occurs other than on the first (1st) day or last day of a calendar month, the rent for such month shall be prorated. Notwithstanding anything to the contrary contained herein and provided that Tenant faithfully performs all of the terms and conditions of this Lease, Landlord hereby agrees to xxxxx one hundred percent (100%) of Tenant's ’s obligation to pay monthly Basic Rental for the first (1st) , second (2nd) and ), third (3rd) and fourth (4th) full calendar months of the initial Lease TermTerm only. During such abatement periodsperiod, Tenant shall still be responsible for the payment of all of its other monetary obligations under this Lease, including any applicable Rental Tax and parking charges. In the event of a default by Tenant under the terms of this Lease that results in early termination pursuant to the provisions of Section 20(a) of this Lease, then as a part of the recovery set forth in Article 20 of this Lease, Landlord shall be entitled to the recovery of the monthly Basic Rental that was abated under the provisions of this Section 3(a). The amount of Basic Rental to be abated pursuant to this Section 3(a) above may be referred herein as "Abated Rent Amount." Notwithstanding the foregoing or anything to contrary contained herein, upon written notice to Tenant, Landlord shall have the option to purchase all or any portion of Tenant's Abated Rent Amount by paying such amount to Tenant, in which case the amount so paid to Tenant shall nullify an equivalent amount of abatement of Tenant's Basic Rental as to the period so designated by Landlord in Landlord's written notice to Tenant. In addition, notwithstanding the foregoing, the first full month's Basic Rental shall be paid to Landlord in accordance with Article 1.J. of the Basic Lease Provisions and, if the Commencement Date is not the first day of a month, Basic Rental for the partial month commencing as of the Commencement Date shall be prorated based upon the actual number of days in such month and shall be due and payable upon the Commencement Date.

Appears in 1 contract

Samples: Standard Office Lease (United Business Holdings, Inc)

Basic Rental. Commencing upon expiration of the Abatement Period, ------------ Tenant agrees to pay to Landlord during the Term hereof, at Landlord's office or to such other person or at such other place as directed from time to time by written notice to Tenant from Landlord, the initial monthly and annual sums as set forth in Article 1.C. 1.C of the Basic Lease Provisions, payable in advance on the first (1st) day of each calendar month, without demand, setoff or deduction, and in the event this Lease commences or the date of expiration of this Lease occurs other than on the first (1st) day or last day of a calendar month, the rent for such month shall be prorated. Notwithstanding anything to the contrary contained herein and provided that Tenant faithfully performs all of the terms and conditions of this Lease, Landlord hereby agrees to xxxxx Tenant's obligation to pay monthly Basic Rental through August 31, 2000 ("Rent Start Date") (as such date may be extended by an "Uncontrollable Delay" and/or by a "Landlord Delay") as those terms are defined in Section 5.5 of the Tenant Work Letter), and monthly Basic Rental for the second month of September, 2000 (2nd) and third (3rd) full calendar months or the month after the Rent Start Date if such date is extended pursuant to Section 5.5 of the initial Lease TermTenant Work Letter) shall be partially abated such that the monthly Basic Rental for September, 2000 (or such later month) shall be reduced by an amount equal to Eleven Thousand Two Hundred and 00/100 Dollars ($11,200.00) (i.e., in the event there are no Uncontrollable Delays, Tenant shall pay monthly Basic Rental in the amount of Fifty-Nine Thousand One Hundred Seventy-Five and 50/100 Dollars ($59,175.50) for the month of September). During such abatement periodsperiod, Tenant shall still be responsible for the payment of all of its other monetary obligations under this Lease. In the event Lease including, without limitation, Tenant's Proportionate Share (based on the full square footage of a default by Tenant under the terms of this Lease that results in early termination pursuant to the provisions of Section 20(aPremises) of this Lease, then as a part of the recovery set forth in Article 20 of this Lease, Landlord shall be entitled to the recovery of the monthly Basic Rental that was abated under the provisions of this Section 3(a)Direct Costs. The amount of Basic Rental to be abated pursuant to this Section 3(a) above may be referred herein as "Abated Rent Amount." Initials: /s/ KM -------- -2- /s/ VC -------- Notwithstanding the foregoing or anything to contrary contained herein, upon written notice to Tenant, Landlord shall have the option to purchase all or any portion of Tenant's Abated Rent Amount by paying such amount to Tenant, in which case the amount so paid to Tenant shall nullify an equivalent amount of abatement of Tenant's Basic Rental as to the period so designated by Landlord in Landlord's written notice to Tenant. In addition, notwithstanding the foregoing, the first full month's Basic Rental shall be paid to Landlord amount specified in accordance with Article 1.J. of the Basic Lease Provisions and, if the Commencement Date is not the first day of a month, Basic Rental for the partial month commencing as of the Commencement Date shall be prorated based upon the actual number paid by Tenant to Landlord concurrently with Tenant's execution of days in such month this Lease and shall be due and payable upon the Commencement Dateapplied to Tenant's first obligations to pay monthly Basic Rental under this Lease.

Appears in 1 contract

Samples: Standard Office Lease (Digital Insight Corp)

Basic Rental. Tenant agrees to pay to Landlord during the Term hereof, at Landlord's office or to such other person or at such other place as directed from time to time by written notice to Tenant from Landlord, the initial monthly and annual sums as set forth in Article 1.C. 1.C of the Basic Lease Provisions, payable in advance on the first (1st) day of each calendar month, without demand, setoff or deduction, and in the event this Lease commences or the date of expiration of this Lease occurs other than on the first (1st) day or last day of a calendar month, the rent for such month shall be prorated. Notwithstanding anything to the contrary contained herein and provided that Tenant faithfully performs all of the terms and conditions of this Lease, Landlord hereby agrees to xxxxx Tenant's obligation to pay monthly Monthly Basic Rental for the second five (2nd5) and third (3rd) full calendar months of the initial Lease Term. The five (5) months of abated rent shall be for the first (1st), the seventeenth (17th), the eighteenth (18th), the nineteenth (19th) and the thirty-sixth (36th) months of the Term. During such abatement periods, Tenant shall still be responsible for the payment of all of its other monetary obligations under this the Lease. In the event of a default by Tenant under the terms of this Lease that results in early termination pursuant to the provisions of Section 20(a) of this Lease, then as a part of the recovery set forth in Article Section 20 of this Lease, Landlord shall be entitled to the recovery of the monthly Monthly Basic Rental that was abated under the provisions of this Section 3(aArticle 3. (b). The amount of Basic Rental to be abated pursuant to this Section 3(a) above may be referred herein as "Abated Rent Amount." Notwithstanding the foregoing or anything to contrary contained herein, upon written notice to Tenant, Landlord shall have the option to purchase all or any portion of Tenant's Abated Rent Amount by paying such amount to Tenant, in which case the amount so paid to Tenant shall nullify an equivalent amount of abatement of Tenant's Basic Rental as to the period so designated by Landlord in Landlord's written notice to Tenant. In addition, notwithstanding the foregoing, the first full month's Basic Rental shall be paid to Landlord in accordance with Article 1.J. of the Basic Lease Provisions and, if the Commencement Date is not the first day of a month, Basic Rental for the partial month commencing as of the Commencement Date shall be prorated based upon the actual number of days in such month and shall be due and payable upon the Commencement Date.

Appears in 1 contract

Samples: www.sec.gov

Basic Rental. Tenant agrees to pay to Landlord during the Term hereof, at Landlord's ’s office or to such other person or at such other place as directed from time to time by written notice to Tenant from Landlord, the monthly and annual sums as set forth in Article 1.C. of the Basic Lease Provisions, payable in advance on the first (1st) day of each calendar month, without demand, setoff or deductiondeduction (except as may be expressly provided for in this Lease), and in the event this Lease commences or the date of expiration of this Lease occurs other than on the first (1st) day or last day of a calendar month, the rent for such month shall be prorated. Notwithstanding anything to the contrary contained herein and provided that Tenant faithfully performs all of the terms and conditions of this Lease, Landlord hereby agrees to xxxxx Tenant's ’s [***] – Confidential portions of this document have been redacted and filed separately with the Commission. obligation to pay monthly Basic Rental for the second (2nd) and third (3rd) following full calendar months of the initial Lease Term: the seventh (7th, eighth (8th), ninth (9th), twentieth (20th), twenty-first (21st), thirty-second (32nd), thirty-third (33rd), forty-fourth (44th), forty-fifth (45th), fifty-sixth (56th) and fifty-seventh (57th) full calendar months. The Basic Rental so abated may be referred to herein as the “Rent Abatement”. In addition, Tenant may be entitled to credit(s) against Tenant’s obligations to pay monthly Basic Rental as provided in Sections 2.3 and 2.4 of the Tenant Work Letter. During such abatement periods, Tenant shall still be responsible for the payment of all of its other monetary obligations under this Lease. In the event of a default by Tenant under the terms of this Lease that results in early termination pursuant to the provisions of Section 20(a) of this Lease, then as a part of the recovery set forth in Article Section 20 of this Lease, Landlord shall be entitled to the recovery of the monthly Basic Rental that was abated under the provisions of this Section 3(a)Article 3. The amount of Basic Rental to be abated pursuant to this Section 3(a) above may be referred herein as "Abated Rent Amount." Notwithstanding the foregoing or anything to contrary contained herein, upon written notice to Tenant, Landlord shall have the option to purchase all or any portion of Tenant's Abated Rent Amount by paying such amount to Tenant, in which case the amount so paid to Tenant shall nullify an equivalent amount of abatement of Tenant's Basic Rental as to the period so designated by Landlord in Landlord's written notice to Tenant. In addition, notwithstanding the foregoing, the first full month's Basic Rental for the twenty-second (22nd), twenty-third (23rd), twenty-fourth (24th) and twenty-fifth (25th) full calendar months of the Term shall be paid to Landlord in accordance with Article 1.J. of the Basic Lease Provisions and, if the Commencement Date is not the first day of a month, Basic Rental for the partial month commencing as of the Commencement Date shall be prorated based upon the actual number of days in such month and shall be due and payable upon the Commencement Date.

Appears in 1 contract

Samples: loanDepot, Inc.

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Basic Rental. Tenant hereby covenants and agrees to take and hold the demised premises as Tenant of Landlord, for the term hereinabove set forth, and agrees to pay to Landlord during as basic annual rental therefor the Term hereof, at Landlord's office or to such other person or at such other place as directed from time to time by written notice to Tenant from Landlord, the monthly and annual sums as set forth in Article 1.C. sum of the Basic Lease ProvisionsONE HUNDRED SIXTY FIVE THOUSAND ONE HUNDRED SEVENTY-EIGHT & NO/100 Dollars ($165,178.00), payable in monthly installments of THIRTEEN THOUSAND SEVEN HUNDRED SIXTY-FOUR & 83/100 Dollars ($13,764.83), in advance on the first (1st) day of each calendar month, without deduction or demand, setoff or deduction, except that if the first rent commences to accrue and in the event this Lease commences or the date of expiration of this Lease occurs be payable on a day other than on the first (1st) day or last day of a calendar month, the rent for the fractional part of such first month shall be prorated. Notwithstanding anything In the event Tenant's monthly rent payment is not received by Landlord within five (5) business days of the due date, then Tenant covenants to pay Landlord a "late charge" of five percent (5%) of the amount due, in addition to the contrary contained herein and provided that Tenant faithfully performs all of the terms and conditions of this Lease, Landlord hereby agrees to xxxxx Tenant's obligation to pay aforesaid monthly Basic Rental for the second (2nd) and third (3rd) full calendar months of the initial Lease Term. During such abatement periods, Tenant shall still be responsible for the payment of all of its other monetary obligations under this Leaserent payment. In the event such payment shall not be received by Landlord within ten (10) days after such due date, then Tenant hereby covenants and agrees to pay to Landlord an "additional late charge" of a default one-half of one percent (0.5%) of the total amount due for each and every day beyond ten (10) days after said due date until the total payment is made. In the event Tenant pays his rent by check and said check is returned by the bank unpaid, Tenant under shall pay to Landlord the terms sum of this Lease that results Twenty-Five Dollars ($25.00) to cover the costs and expenses of processing the returned check, in early termination pursuant addition to the provisions of Section 20(a) of this Leaseaforesaid monthly rent payment, then as a part of the recovery set forth in Article 20 of this Lease, Landlord shall be entitled to the recovery of the monthly Basic Rental that was abated under the provisions of this Section 3(a). The amount of Basic Rental to be abated pursuant to this Section 3(a) above and any late charges which may be referred herein involved. At such time as "Abated Rent Amount." Notwithstanding the foregoing or anything to contrary contained hereinexact rentable area is determined, upon written notice to Tenant, Landlord shall have the option to purchase all or any portion of Tenant's Abated Rent Amount by paying such amount to Tenant, in which case the amount so paid to Tenant shall nullify an equivalent amount of abatement of Tenant's Basic Rental as to the period so designated by Landlord in Landlord's written notice to Tenant. In addition, notwithstanding the foregoingif different than 6,353 square feet, the first full month's Basic Rental shall basic annual rental will be paid to Landlord in accordance with Article 1.J. recomputed using the annual rate of the Basic Lease Provisions and, if the Commencement Date is not the first day of a month, Basic Rental for the partial month commencing as of the Commencement Date shall be prorated based upon $26.00 per square foot times the actual number of days in such month rentable area and shall this lease will be due and payable upon the Commencement Date.revised accordingly. (SEE ADDENDUM)

Appears in 1 contract

Samples: Office Lease (Carey International Inc)

Basic Rental. Subject to Section 1.2 of the Tenant Work Letter, Tenant agrees to pay to Landlord during the Term hereof, at Landlord's ’s office or to such other person or at such other place as directed from time to time by written notice to Tenant from Landlord, the monthly and annual sums as set forth in Article 1.C. of the Basic Lease Provisions, payable in advance on the first (1st) day of each calendar month, without demand, setoff or deduction, and in the event this Lease commences or the date of expiration of this Lease occurs other than on the first (1st) day or last day of a calendar month, the rent for such month shall be prorated. Notwithstanding anything to the contrary contained herein and provided that Tenant faithfully performs all of the terms and conditions of this Lease, Landlord hereby agrees to xxxxx Tenant's ’s obligation to pay monthly Basic Rental and Tenant’s Proportionate Share of Direct Costs for the second (2nd), thirteenth (13th), twenty-fifth (25th), thirty-seventh (37th), forty-ninth (49th), sixty-first (61st) and seventy-third (3rd73rd) full calendar months month of the initial Lease Term. During such abatement periods, Tenant shall still be responsible for the payment of all of its other monetary obligations under this Lease. In the event of a default by Tenant under the terms of this Lease that results in early termination pursuant to the provisions of Section 20(a) of this Leaseincluding, then as a part of the recovery set forth in Article 20 of this Leasewithout limitation, Landlord shall be entitled to the recovery of the monthly Basic Rental that was abated under the provisions of this Section 3(a). The amount of Basic Rental to be abated pursuant to this Section 3(a) above may be referred herein as "Abated Rent Amount." Notwithstanding the foregoing or anything to contrary contained herein, upon written notice to Tenant, Landlord shall have the option to purchase all or any portion of Tenant's Abated Rent Amount by paying such amount to Tenant, in which case the amount so paid to Tenant shall nullify an equivalent amount of abatement of Tenant's Basic Rental as to the period so designated by Landlord in Landlord's written notice to Tenantelectricity charges. In addition, notwithstanding the foregoing, the first full month's ’s Basic Rental shall be paid to Landlord in accordance with Article 1.J. of the Basic Lease Provisions and, if the Commencement Date is not the first day of a month, Basic Rental for the partial month commencing as of the Commencement Date shall be prorated based upon the actual number of days in such month and shall be due and payable upon the Commencement Date.

Appears in 1 contract

Samples: Horizon Pharma, Inc.

Basic Rental. Tenant agrees to pay to Landlord during the Term hereof, at Landlord's ’s office or to such other person or at such other place as directed from time to time by written notice to Tenant from Landlord, the initial monthly and annual sums as set forth in Article 1.C. of the Basic Lease Provisions, payable in advance on the first (1st) day of each calendar month, without demand, setoff or deduction, and in the event this Lease commences or the date of expiration of this Lease occurs other than on the first (1st) day or last day of a calendar month, the rent for such month shall be prorated. Notwithstanding anything to the contrary contained herein and provided that Tenant faithfully performs all of the terms and conditions of this Lease, Landlord hereby agrees to xxxxx Tenant's ’s obligation to pay monthly Basic Rental for the second (2nd) and ), third (3rd), fourth (4th), fifth (5th) and sixth (6th) full calendar months of the initial Lease Term. During such abatement periodsperiod, Tenant shall still be responsible for the payment of all of its other monetary obligations under this the Lease. In the event of a default by Tenant under the terms of this Lease that results in early termination pursuant to the provisions of Section 20(a) of this Lease, then as a part of the recovery set forth in Article Section 20 of this Lease, Landlord shall be entitled to the recovery of the monthly Basic Rental that was abated under the provisions of this Section 3(a)Article 3. The amount of Basic Rental to be abated pursuant to this Section 3(a) above may be referred herein as "Abated Rent Amount." Notwithstanding the foregoing or anything to contrary contained herein, upon written notice to Tenant, Landlord shall have the option to purchase all or any portion of Tenant's Abated Rent Amount by paying such amount to Tenant, in which case the amount so paid to Tenant shall nullify an equivalent amount of abatement of Tenant's Basic Rental as to the period so designated by Landlord in Landlord's written notice to Tenant. In addition, notwithstanding the foregoing, the first (1st) full month's ’s Basic Rental shall be paid to Landlord in accordance with Article 1.J. 1.I. of the Basic Lease Provisions and, if the Commencement Date is not the first day of a month, Basic Rental for the partial month commencing as of the Commencement Date shall be prorated based upon the actual number of days in such month and shall be due and payable upon the Commencement DateProvisions.

Appears in 1 contract

Samples: Office Lease (Tut Systems Inc)

Basic Rental. Tenant agrees to pay to Landlord during the Term hereof, at Landlord's ’s office or to such other person or at such other place as directed from time to time by written notice to Tenant from Landlord, the monthly and annual sums as set forth in Article 1.C. of the Basic Lease Provisions, payable in advance on the first (1st) day of each calendar month, without demand, setoff or deductiondeduction (except as may be expressly provided for in this Lease), and in the event this Lease commences or the date of expiration of this Lease occurs other than on the first (1st) day or last day of a calendar month, the rent for such month shall be prorated. Notwithstanding anything to the contrary contained herein and provided that Tenant faithfully performs all of the terms and conditions of this Lease, Landlord hereby agrees to xxxxx Tenant's ’s obligation to pay monthly Basic Rental for the second (2nd) and third (3rd) following full calendar months of the initial Lease Term: the seventh (7th, eighth (8th), ninth (9th), twentieth (20th), twenty-first (21st), thirty-second (32nd), thirty-third (33rd), forty-fourth (44th), forty-fifth (45th), fifty-sixth (56th) and fifty-seventh (57th) full calendar months. The Basic Rental so abated may be referred to herein as the “Rent Abatement”. In addition, Tenant may be entitled to credit(s) against Tenant’s obligations to pay monthly Basic Rental as provided in Sections 2.3 and 2.4 of the Tenant Work Letter. During such abatement periods, Tenant shall still be responsible for the payment of all of its other monetary obligations under this Lease. In the event of a default by Tenant under the terms of this Lease that results in early termination pursuant to the provisions of Section 20(a) of this Lease, then as a part of the recovery set forth in Article Section 20 of this Lease, Landlord shall be entitled to the recovery of the monthly Basic Rental that was abated under the provisions of this Section 3(a)Article 3. The amount of Basic Rental to be abated pursuant to this Section 3(a) above may be referred herein as "Abated Rent Amount." Notwithstanding the foregoing or anything to contrary contained herein, upon written notice to Tenant, Landlord shall have the option to purchase all or any portion of Tenant's Abated Rent Amount by paying such amount to Tenant, in which case the amount so paid to Tenant shall nullify an equivalent amount of abatement of Tenant's Basic Rental as to the period so designated by Landlord in Landlord's written notice to Tenant. In addition, notwithstanding the foregoing, the first full month's Basic Rental for the twenty-second (22nd), twenty-third (23rd), twenty-fourth (24th) and twenty-fifth (25th) full calendar months of the Term shall be paid to Landlord in accordance with Article 1.J. of the Basic Lease Provisions and, if the Commencement Date is not the first day of a month, Basic Rental for the partial month commencing as of the Commencement Date shall be prorated based upon the actual number of days in such month and shall be due and payable upon the Commencement Date.

Appears in 1 contract

Samples: Standard Office Lease (loanDepot, Inc.)

Basic Rental. Tenant agrees to pay to Landlord during the Term hereof, at Landlord's office or to such other person or at such other place as directed from time to time by written notice to Tenant from Landlord, the initial monthly and annual sums as set forth in Article 1.C. of the Basic Lease Provisions, payable in advance on the first (1st) day of each calendar month, without demand, setoff or deduction, except as expressly provided in this Lease, and in the event this Lease commences or the date of expiration of this Lease occurs other than on the first (1st) day or last day of a calendar month, the rent for such month shall be prorated. Notwithstanding anything to the contrary contained herein and provided that Tenant faithfully performs all of the terms and conditions of this Leaseherein, Landlord hereby agrees to xxxxx Tenant's obligation to pay monthly Basic Rental for the second (2nd) through and third including the fifth (3rd5th) full calendar months of the initial Lease Term. During such abatement periodsperiod, Tenant shall still be responsible for the payment of all of its other monetary obligations under this the Lease. In the event If an Event of a default by Tenant under the terms of this Lease Default occurs that results in early termination of this Lease pursuant to the provisions of Section 20(a) of this Lease, then as a part of the recovery set forth in Article Section 20 of this Lease, Landlord shall be entitled to the recovery of the unamortized portion of the monthly Basic Rental that was abated under the provisions of this Section 3(a). The amount of Basic Rental to be abated pursuant to this Section 3(a) above may be referred herein as "Abated Rent Amount." Notwithstanding the foregoing or anything to contrary contained herein, upon written notice to Tenant, Landlord shall have the option to purchase all or any portion of Tenant's Abated Rent Amount by paying such amount to Tenant, in which case the amount so paid to Tenant shall nullify an equivalent amount of abatement of Tenant's Basic Rental as to the period so designated by Landlord in Landlord's written notice to TenantArticle 3. In addition, notwithstanding the foregoing, the first (1st) full month's Basic Rental shall be paid to Landlord in accordance with Article 1.J. 1.I. of the Basic Lease Provisions and, if the Commencement Date is not the first day of a month, Basic Rental and Rental Tax for the partial month commencing as of the Commencement Date shall be prorated based upon the actual number of days in such month and shall be due and payable upon the Commencement Date.

Appears in 1 contract

Samples: Multi Tenant Lease (SCOLR Pharma, Inc.)

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