Commencing on the Rent. Commencement Date and continuing on the first (1st) day of each month of the Lease Term, the Tenant covenants and agrees to pay without notice, demand or offset to the Landlord, at the Landlord’s main office in North Stonington, Connecticut, or at such place as the Landlord shall from time to time designate in writing, the monthly installment of rent due for the Demised Premises in section 1.1(d) and proportionately for any partial month, which rent shall be paid monthly, in advance, on the first (1st) day of each and every calendar month during the term hereof, the first such payment to be made on the Rent Commencement Date. For and with respect to each installment of minimum rent that is not paid within 10 days when due, the Tenant shall pay to the Landlord on demand, as additional rent, a late charge in an amount equal to five percent (5%) of the amount of the overdue payment for the purpose of defraying Landlord’s administrative expenses relative to handling such overdue payment.
Commencing on the Rent. Commencement Date and thereafter during the Lease Term, Tenant shall pay to Landlord the following rents for the Premises (the "Rents"):
(a) a basic rent per annurn (the "Basic Rent") in the amount of the Initial Basic Rent, adjusted periodically as set forth in Section 3.04, which shall be due and payable in equal monthly installments in advance on the first day of each and every calendar month during the Lease Term, and M additional charges ("Additional Charges") consisting of all other sums of money payable by Tenant under the provisions of this Lease. The first installment of Basic Rent shall be due and payable upon execution of this Lease.
Commencing on the Rent. Commencement Date and continuing throughout the Lease Term, Tenant shall carry and maintain the following insurance (“Tenant’s Insurance”): (a) a “Broad” form of insurance policy, with an endorsement insuring against loss of Minimum Rent (including Extended Period of Recovery, if applicable) insuring the buildings and improvements of the Property (and leasehold improvements) for 100% of their replacement value; (b) public liability, bodily injury and damage comprehensive insurance coverage insuring against claims of any and all personal injury, death or damage occurring in or about the Demised Premises or the sidewalks adjacent thereto, with a combined single limit coverage of not less than $3,000,000 (subject only to a commercially reasonable deductible), on an “occurrence” form and including contractual liability coverage for the performance by Tenant of the indemnity agreements set forth in Paragraph 15 above; (c) worker’s compensation insurance insuring against and satisfying the worker’s compensation laws of the State of Colorado; and (d) “dram shop” or liquor liability insurance. Tenant’s Insurance shall be issued by an insurance company of recognized standing, authorized to do business in the State of Colorado and having a Best’s Insurance Guide rating of at least A:VII and satisfactory to Landlord. Tenant’s Insurance (other than any policy of worker’s compensation insurance) will name Landlord and Landlord’s lender(s) as additional insureds. Original or copies of original policies (together with copies of the endorsements naming Landlord and Landlord’s lender(s) as additional insureds) will be delivered to Landlord prior to the Rent Commencement Date. Tenant’s Insurance will provide that it may not be terminated or amended except after thirty (30) days prior written notice to Landlord. All public liability property damage, liability and casualty policies maintained by Tenant shall be written as primary policies, not contributing with and not supplemental to coverage that Landlord may carry.
Commencing on the Rent. Commencement Date, Tenant shall pay all charges for natural gas service furnished to the Premises and/or any equipment exclusively serving the Premises, as additional rent as provided hereafter. Such charges shall be based on metering equipment installed prior to the date hereof or as part of the Tenant Improvements, which Tenant shall pay directly to the supplier.
Commencing on the Rent. Commencement Date, and during the term of this Lease, Tenant shall pay Landlord monthly as Additional Rent, its Pro-Rata Share of Real Estate Taxes on the Building and Property. Landlord shall deliver copies of tax xxxx(s) to Tenant concurrently with any Costs reconciliation. Tenant’s obligation to pay said taxes and assessments for any partial tax fiscal year during the term of the Lease hereof shall be prorated
Commencing on the Rent. Commencement Date, Tenant agrees to pay to Landlord the Annual Rent in effect from time to time by paying the Monthly Installment of Rent then in effect on or before the first day of each full calendar month during the Term. The Monthly Installment of Rent in effect at any time shall be one-twelfth of the Annual Rent in effect at such time. Rent for any period during the Term which is less than a full month shall be a prorated portion of the Monthly Installment of Rent based upon a thirty (30) day month. Said rent shall be paid to Landlord, without deduction or offset and without notice or demand, at the Landlord's address, as set forth on the Reference Page, or to such other person or at such other place as Landlord may from time to time designate in writing. Notwithstanding the above and subject to Section 2.1 above, Tenant's rent commencement date shall begin sixty (60) days after the Commencement Date ("Rent Commencement Date"). Landlord and Tenant shall execute an amendment to the Lease setting forth the final Rent Commencement Date. Commencing on the first anniversary of the Rent Commencement Date and on each anniversary thereafter, including during any Renewal Term, the Annual Rent shall increase Fifty Cents ($0.50) per rentable square foot.
