Common use of Basic Rental Clause in Contracts

Basic Rental. (i) 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 Basic Rental (as set forth in Article l.C. of the Basic Lease Provisions), payable in advance on the first (1st) day of each calendar month, without demand, setoff or deduction, and if 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 Monthly Basic Rental for such month shall be prorated. Notwithstanding the foregoing, the Security Deposit shall be pa id to Landlord upon the execution of this Lease, and if the Commencement Date is not the first day of a month, Monthly 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. Any and all amounts due and payable by Tenant pursuant to this Lease (other than the Monthly Basic Rental and the Security Deposit) shall be deemed “Additional Rent” and Landlord shall be entitled to exercise the same rights and remedies upon default in payment of the Additional Rent as Landlord is entitled to exercise with respect to defaults in Monthly Basic Rental payments. Basic Rental and Additional Rental are collectively referred to as “Rental.”

Appears in 2 contracts

Samples: Office Lease (Castle Biosciences Inc), Office Lease (Castle Biosciences Inc)

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Basic Rental. (i) 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 Basic Rental (monthly and annual sums as set forth in Article l.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 if 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 Monthly Basic Rental rent for such month shall be prorated. Notwithstanding the foregoing, the Security Deposit first full month’s Basic Rental shall be pa id paid to Landlord upon in accordance with Article 1.J. of the execution of this LeaseBasic Lease Provisions and, and if the Commencement Date is not the first day of a month, Monthly 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. Any and all amounts due and payable by Tenant pursuant to this Lease (other than the Monthly Basic Rental and the Security Deposit) shall be deemed “Additional Rent” and Landlord shall be entitled to exercise the same rights and remedies upon default in payment of the Additional Rent these payments as Landlord is entitled to exercise with respect to defaults in Monthly monthly Basic Rental payments. Basic Rental and Additional Rental are sometimes herein collectively referred to as “Rental.

Appears in 2 contracts

Samples: Transfer and Substitution of Indemnitor (Hudson Pacific Properties, Inc.), Standard Office Lease (Prospect Acquisition Corp)

Basic Rental. (i) 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 Basic Rental (as set forth in Article l.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 if 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 Monthly Basic Rental for such month shall be prorated. Notwithstanding the foregoing, the Security Deposit shall be pa id to Landlord upon the execution of this Lease, and if the Commencement Date is not the first day of a month, Monthly 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. Any and all amounts due and payable by Tenant pursuant to this Lease (other than the Monthly Basic Rental and the Security DepositRental) shall be deemed “Additional Rent” and Landlord shall be entitled to exercise the same rights and remedies upon default in payment of the Additional Rent as Landlord is entitled to exercise with respect to defaults in Monthly Basic Rental payments. Basic Rental and Additional Rental are collectively referred to as “Rental.”

Appears in 1 contract

Samples: Office Lease (Castle Biosciences Inc)

Basic Rental. (i) Tenant agrees to pay to Landlord during the Term hereofTerm, 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 Basic Rental (monthly and annual sums as set forth in Article l.C. of the Basic Lease Provisions), payable in advance advance, on or before the first (1st) day of each calendar month, without any prior demand, abatement, setoff or deduction, and if 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 Monthly Basic Rental rent for such month shall be prorated. Notwithstanding the foregoing, the Security Deposit first full month’s Basic Rental shall be pa id paid to Landlord upon in accordance with Article l.X. of the execution of this LeaseBasic Lease Provisions, and and, if the Commencement Date is not the first day of a month, Monthly 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. Any and all amounts due and payable by Tenant pursuant to this Lease (other than the Monthly Basic Rental and the Security Deposit) shall be deemed “Additional Rent” and Landlord shall be entitled to exercise the same rights and remedies upon default in payment of the Additional Rent these payments as Landlord is entitled to exercise with respect to defaults in Monthly monthly Basic Rental payments. Basic Rental and Additional Rental are sometimes herein collectively referred to as “Rental”. All Rental payments shall be in United States dollars, either in the form of a check or by electronically transmitted funds. If any noncash payment made by Tenant is not paid by the bank or other institution on which it is drawn, Landlord shall have the right, exercised by notice to Tenant, to require that Tenant make all future payments by certified funds or cashier’s check.

Appears in 1 contract

Samples: Standard Office Lease (Wowio, Inc.)

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Basic Rental. (i) 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 Basic Rental (monthly and annual sums as set forth in Article l.C. Section 1E of the Basic Lease Provisions), payable in advance on the first (1st) day of each calendar month, without demand, setoff or deduction, and if 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 Monthly Basic Rental rent for such month shall be prorated. Notwithstanding the foregoing, the Security Deposit first full month’s Basic Rental shall be pa id paid to Landlord upon in accordance with Section 1L of the execution of this LeaseBasic Lease Provisions and, and if the Commencement Date is not the first day of a month, Monthly 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. Any and all amounts due and payable by Tenant pursuant to this Lease (other than the Monthly Basic Rental and the Security Deposit) shall be deemed “Additional Rent” and Landlord shall be entitled to exercise the same rights and remedies upon default in payment of the Additional Rent these payments as Landlord is entitled to exercise with respect to defaults in Monthly monthly Basic Rental payments. Basic Rental and Additional Rental are sometimes herein collectively referred to as “Rental.

Appears in 1 contract

Samples: Standard Office Lease (Celladon Corp)

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