Commencing on the Commencement Date. Tenant shall, and ---- hereby covenants and agrees to, pay to Landlord during each Lease Year of the Term an annual base rental. ("Base Rent") as set forth on Exhibit "C" attached ----------- hereto and made a party hereof. The term "Lease Year" is hereby defined as each successive twelve consecutive month period beginning on the Commencement Date. The annual Bases Rent shall be paid by Tenant in lawful money of the United States in equal consecutive monthly installments on or before the first day of each calendar month in advance. Base Rent for any partial month shall be prorated at the rate of 1/30th of the monthly Base Rent per day. Tenant shall pay to Landlord as additional rent ("Additional Rent") hereunder all charges and other amounts required to be paid by Tenant to Landlord under this Lease, whether or not designated herein as rent or additional rent. The term "Rent" is hereby defined as Base Rent and Additional Rent. All Rent shall be paid by Tenant to Landlord, without any deduction, setoff or counterclaim whatsoever, at Landlord's address set forth at Section 28(b) hereof.
Commencing on the Commencement Date. Tenant shall, during the Term of this Lease, maintain in full force and effect policies of commercial general liability insurance (including premises, operation, bodily injury, personal injury, death, independent contractors, products and completed operations, broad form contractual liability and broad form property damage coverage), in a combined single limit amount of not less than Two Million Dollars ($2,000,000), per occurrence (exclusive of defense costs), against all claims, demands or actions with respect to damage, injury or death made by or on behalf of any person or entity, arising from or relating to the conduct and operation of Tenant's business in, on, or about the Premises (which shall Include Tenant's signs, if any), or arising from or related to any act or omission of Tenant or of Tenant's principals, officers, agents, contractors, servants, employees, licensees and invitees. Whenever, in Landlord's reasonable judgment, good business practice and changing conditions indicate a need for additional amounts or different types of insurance coverage, Tenant shall, within ten (10) days after Landlord's request, obtain such insurance coverage, at Tenant's sole cost and expense.
Commencing on the Commencement Date through the expiration of the lease term, Tenant covenants and agrees to pay annual rent (hereinafter called "Fixed Rent") in the amount of THREE HUNDRED SEVEN THOUSAND SIX HUNDRED EIGHTY SIX AND 48/100 ($307,686.48) DOLLARS per annum (based on a rate of $5.50 per square foot per annum), payable in equal installments in the sum of TWENTY FIVE THOUSAND SIX HUNDRED FORTY AND 54/100 ($25,640.54) DOLLARS per month. The Tenant covenants and acknowledges that its agreement to pay the Fixed Rent and additional rent set forth herein ("rent") without off-set or deduction (except as otherwise expressly set forth in this lease) is a material inducement by the Tenant to the Landlord to enter into the within lease agreement. Tenant covenants and agrees that in the event of any material dispute with respect to the within lease, its obligation to pay the rent shall continue without abatement notwithstanding any such dispute (except as otherwise expressly set forth in this lease), and the Tenant agrees that it shall seek such other remedies as the law or equity may allow by way of plenary or summary or declaratory proceedings with respect to such issues in dispute.
Commencing on the Commencement Date. Tenant shall pay to Landlord rent at an annual rate equal to the Annual Base Rent, without any offset or reduction, which rent shall be paid in equal installments of 1/12th of the Annual Base Rent, in advance on the first day of each calendar month included in the Term, but for any portion of a calendar month at the beginning or end of the Term, the monthly installment shall be prorated based on the number of days in such calendar month falling within the Term. Notwithstanding any contrary provision of this Lease, Tenant shall be required to pay with respect to the month of July 1995 and July 1996 installments of Annual Base Rent equal to one-half of the monthly installment otherwise payable (i.e., $20,317.92 for July 1995 and $24,204.38 for July 1996, instead of $40,635.83 and $48,408.75, respectively).
Commencing on the Commencement Date. Tenant shall pay as additional rent for each calendar year Tenant’s Proportionate Share of Expenses and Taxes incurred for such calendar year.
Commencing on the Commencement Date. Tenant shall provide, or cause to be provided, and thereafter shall keep in full force and effect, until Commencement of Construction, insurance coverage of the types and in the minimum limits set forth in subsections (i) and (ii) of this Section 11.03(a). Prior to the Commencement of Construction, Tenant shall provide, or cause to be provided, and thereafter shall keep or cause to be kept in full force and effect, until Substantial Completion of the Building, the following:
(i) commercial general liability insurance, naming contractor or construction manager as named insured and, as additional insureds, Tenant, Landlord, Master Landlord, the City, EDC, UDC and each Mortgagee under a standard mortgagee clause, such insurance to insure against liability for bodily injury and death and for property damage in such amount as may from time to time be reasonably required by Landlord (which shall be not less than Twenty-Five Million Dollars ($25,000,000) combined single limit (inclusive of primary coverage and umbrella or excess policy coverage) nor more than such amount as, at the time in question, is customarily carried by prudent owners of like buildings and improvements, but, in no event, less than Twenty-Five Million Dollars ($25,000,000)), such insurance to include operations-premises liability, contractor's protective liability on the operations of all subcontractors, completed operations (to be kept in force for not less than three (3) years after Substantial Completion of the Building), broad form commercial liability (designating the indemnity provisions of the Construction Agreements and this Lease), a broad form comprehensive general liability endorsement providing blanket automatic contractual coverage including bodily injury to employees or others assumed by the insured under contract and, if the contractor is undertaking foundation, excavation or demolition work, an endorsement that such operations are covered and that the "XCU Exclusions" have been deleted;
(ii) commercial automobile liability insurance for all owned, non-owned, leased, rented and/or hired vehicles insuring against liability for bodily injury and death and for property damage in an amount not less than Ten Million Dollars ($10,000,000) combined single limit, with such coverage to be listed in the underlying schedule of any umbrella or following form excess policy for a total limit of Twenty-Five Million Dollars ($25,000,000), such insurance to name Tenant (contractor if carried by...
Commencing on the Commencement Date and continuing for each succeeding calendar year or partial calendar year during the term of this Lease, Tenant shall pay to Landlord, in addition to the Base Rent, an annual amount equal to the Gross Gaming Win in excess of One Hundred Million Dollars ($100,000,000) multiplied by one and one-half percent (1 1/2%) (the "ADDITIONAL RENT").
Commencing on the Commencement Date and continuing throughout the Term, Lessee hereby agrees to pay the Base Rental as described in paragraph 6, plus Forecast Additional Rental and Additional Rental as described in paragraph 7. The Base Rental and Forecast Additional Rental shall be due and payable in equal installments on the first day of each calendar month during the Term and any renewals extensions thereof, and Lessee hereby agrees to make such payments monthly in advance to Lessor at Lessor's address as provided herein (or such other address as may be designated by Lessor from time to time).
Commencing on the Commencement Date. Tenant shall pay to Landlord rent at an annual rate equal to the Annual Base Rent, without any offset or reduction, which rent shall be paid in equal installments of 1/12th of the Annual Base Rent, in advance on the first day of each calendar month included in the Term, but for any portion of a calendar month at the beginning or end of the Term, the monthly 18 installment shall be prorated based on the number of days in such calendar month falling within the Term.
Commencing on the Commencement Date. Tenant shall pay the Fixed Rent and Additional Charges promptly when due without notice or demand therefor and without any abatement, deduction or setoff for any reason whatsoever, except as may be expressly provided in this lease.
