Common use of Commencement of Rent Clause in Contracts

Commencement of Rent. On the date hereof, Landlord has simultaneously entered into the Lease with Tenant pursuant to which Tenant has agreed to lease from Landlord the Premises and all improvements now or hereafter constructed thereon. Payment of Interim Rent (if applicable), Annual Rent and Percentage Rent shall commence as of the Effective Date as provided herein, notwithstanding that the improvements may not be constructed or complete at that time.

Appears in 3 contracts

Samples: Lease Agreement (CNL American Properties Fund Inc), Lease Agreement (CNL Health Care Properties Inc), Lease Agreement (CNL Hospitality Properties Inc)

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Commencement of Rent. On the date hereofthereof, Landlord has simultaneously entered into the Lease with Tenant pursuant to which Tenant has agreed to lease from Landlord the Premises and all improvements now or hereafter for thereafter constructed thereon. Payment of Interim Rent (if applicable), and Annual Rent and Percentage Rent shall commence as of the Effective Date as provided herein, notwithstanding that the improvements may not be constructed or complete at that time.

Appears in 1 contract

Samples: Lease Agreement (Vicorp Restaurants Inc)

Commencement of Rent. On the date hereof, Landlord has simultaneously entered into the Lease with Tenant pursuant to which Tenant has agreed to lease from Landlord the Premises and all improvements now or hereafter constructed thereon. Payment of Interim Rent (if applicable), Annual Rent and Percentage Rent shall commence as of the Effective Date as provided herein, notwithstanding that the improvements may not be constructed or complete at that timeDate.

Appears in 1 contract

Samples: Lease Agreement (Carrington Laboratories Inc /Tx/)

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Commencement of Rent. On the date hereof, Landlord has simultaneously entered into the Lease with Tenant pursuant to which Tenant has agreed to lease from Landlord the Premises and all improvements now or hereafter constructed thereon. Payment of Interim Rent (if applicable), Annual Rent and Percentage Rent shall commence as of the Effective Date as provided hereinAnnual Rent Commencement Date, notwithstanding that some or all of the improvements contemplated to be constructed on the Premises may not be constructed or complete at that time.

Appears in 1 contract

Samples: Lease Agreement (O Charleys Inc)

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