Construction Period Rent. Lessee shall be required to pay reduced rent during the Construction Period of [insert construction period], the Construction Period is hereinafter defined in section 4.01, and Lessee shall be required to make reduced rental payments as follows:
A. Lessee shall be required to pay XXXX Hundred XXX Dollars and Zero Cents ($XXX.00) per month, for [insert period] of this Lease Agreement The Construction Period Rent will not be available or extended beyond the Construction Period of [insert period] months. Should all of the improvements stated in Section 4.01 be completed prior to the time allotted for the Construction Period, the Annual Rent in Section 3.01 will commence.
Construction Period Rent. During the Construction Period, the rent payable by Lessee to Lessor shall accrue but be deferred as provided herein. The amount of such accrual shall be calculated each month during the Construction Period as follows: beginning October 1, 2005, and on the first (1st) day of each month during the Construction Period thereafter, Lessee shall be obligated to pay, on a deferred basis as provided herein, an amount equal to the product of (i) ten and 75/100 percent (10.75%) (subject to adjustment as provided in Section 3.1(c) below) multiplied by (ii) the amount of Total Development Costs which have been incurred as of the last day of the immediately preceding month, divided by (iii) twelve (12), it being understood and agreed that, beginning November 1, 2005, and on the first (1st) day of each month thereafter during the Construction Period, any amounts of previously deferred Construction Period rent are to be included within Total Development Costs for purposes of the calculation of Construction Period rent under this Section 3.1(a) (such construction period rent calculated as herein provided being referred to herein as the "Construction Period Rent"). The Construction Period Rent will be deferred and added to Total Development Costs but will not be paid until the Completion Date at which time the Construction Period Rent amount will be amortized and paid over the Fixed Term beginning with the Completion Date, in equal monthly installments as part of the payments of Base Rent. Lessee shall be entitled to prepay all or any portion of Construction Period Rent, without penalty. As the amortized Construction Period Rent is paid, the Total Development Costs and Base Rent will be adjusted and reduced accordingly.
Construction Period Rent. Rent in the amount of $20,000 per month, prorated as to any partial month, commencing on the Possession Date and continuing on the first day of each month thereafter until the Minimum Rent Commencement Date;
Construction Period Rent. Commencing on the Effective Date and continuing through the Construction Rent Period, Tenant shall pay to County the Construction Period Rent, of SIX THOUSAND TWO HUNDRED AND FIFTY Dollars ($6,250) per month. The Construction Period Rent shall be payable on or before the first (1st) day of each calendar month during the Construction Rent Period pursuant to Section 3.4.1, below.
Construction Period Rent. During the Construction Period, Tenant shall pay Landlord, in consecutive monthly installments, a monthly amount equal to the sum of (A) the product of (i) ten and one-half percent (10.5%) multiplied by (ii) the total amount of funds disbursed under the Construction Loan Agreement as of the date such payment is due, divided by twelve (12) [the portion of the Base Rent specified in this clause (A) being referred to herein as the "Cost Component"], plus (B) the amount set forth in Schedule 3 for the applicable period [the portion of the Base Rent specified in this clause (B) being referred to herein as the "Ground Rent Component"] [collectively, the "Construction Period Rent"]. The Construction Period Rent shall commence as of June 1, 2005.
Construction Period Rent. Commencing on the Effective Date and continuing through the Construction Period, Tenant shall pay to County the Construction Period Rent.
Construction Period Rent. ATDC and HLRP agree that notwithstanding anything in the Marketplace Lease to the contrary, rent under the Marketplace Lease during the Construction Period, defined hereinbelow, shall be as follows: Construction Period Rent. In consideration of the construction of the HLRP improvements, rent as set forth in the Marketplace Lease shall be retroactively abated commencing on July 1, 2014, for a period of 12 months, until June 30, 2015 (the “Construction Period”).
Construction Period Rent. For a period not to exceed eight and one ------------------------ half (8 1\2) months after the Rent Commencement Date, Basic Rent shall be abated, and commencing on the sooner of the date of substantial completion of the improvements to be built on the Demised Premises or May 15, 1998, rents shall be payable in the amount set forth in Section Three (a) above prorated for the partial month.
Construction Period Rent. Commencing on the Effective Date and continuing through the Construction Rent Period, Tenant shall pay to District Twenty-Seven Thousand Five Hundred Dollars ($27,500) per month (“Construction Period Rent”). The Construction Period Rent shall be payable on or before the first (1st) day of each calendar month during the Construction Period; provided, however, that notwithstanding anything to the contrary contained in this Lease, the rent credits that Tenant is entitled to under the Option Agreement shall be applied towards the Construction Period Rent due under this Lease until such rent credits are exhausted.
Construction Period Rent. Beginning with the Effective Date and until the Commencement Date (defined below), Tenant shall pay Landlord monthly rent (“Construction Period Rent”) as if Construction Period Rent were Base Rent (defined below), in an amount equal to Twenty Thousand Two Hundred Sixty-Five and 16/100 Dollars ($20,265.16) per month.
