Common use of DEMISE, PREMISES, TERM, RENT Clause in Contracts

DEMISE, PREMISES, TERM, RENT. Section 2.1. Landlord hereby leases to Tenant and Tenant hereby leases from Landlord the Premises for the Term to commence on the Commencement Date and to end on the Fixed Expiration Date, unless earlier terminated or extended as provided herein. Section 2.2. Commencing upon the Commencement Date, Tenant shall pay to Landlord, in lawful money of the United States of America, without notice or demand, by good and sufficient check drawn to Landlord's order on a bank or trust company with an office in the United States of America, at the office of Landlord or at such other place as Landlord may designate from time to time, the following: (a) the Fixed Rent, at the annual fixed rental rate set forth in the Reference Page, which shall be payable in equal monthly installments of Fixed Rent in advance on the first day of each and every calendar month during the Term, except that the first monthly installment of Fixed Rent shall be payable by Tenant upon execution and delivery of this Lease; and (b) additional rent ("Additional Rent") consisting of all other sums of money (including, without limitation, Escalation Rent) as shall become due from and be payable by Tenant hereunder (for default in the payment of which Landlord shall have the same remedies as for a default in the payment of Fixed Rent). Section 2.3. If the Commencement Date is other than the first day of a calendar month, or the Expiration Date is other than the last Day of a calendar month, Rental for such month shall be prorated on a per diem basis. Section 2.4. [RESERVED] Section 2.5. Tenant shall pay the Fixed Rent and Additional Rent when due without abatement, deduction, counterclaim, setoff or defense for any reason whatsoever, except said abatement as may be occasioned by the occurrence of any event permitting an abatement of Fixed Rent and Escalation Rent as specifically set forth in this Lease.

DEMISE, PREMISES, TERM, RENT. Section SECTION 2.1. Landlord hereby leases to Tenant and Tenant hereby leases hires from Landlord the Premises for the Term to commence on the Commencement Date and to end on the Fixed Expiration Date, unless earlier terminated or extended as provided herein. Section SECTION 2.2. Commencing upon the Commencement Date, Tenant shall pay to Landlord, in lawful money of the United States of America, without notice or demand, by good and sufficient check drawn to Landlord's order on a bank or trust company with an office in the United States of America, at the office of Landlord or at such other place as Landlord may designate from time to time, the following: (aA) the Fixed Rent, at the annual fixed rental rate set forth as such term is defined in the Reference PageArticle 1 hereof, which shall be payable in equal monthly installments of Fixed Rent in advance on the first day of each and every calendar month during the Term, except that the first monthly installment of Fixed Rent shall be payable by Tenant upon execution and delivery of this Lease; and (bB) additional rent ("Additional RentADDITIONAL RENT") consisting of all other sums of money (including, without limitation, Escalation Rent) as shall become due from and be payable by Tenant hereunder (for default in the payment of which Landlord shall have the same remedies as for a default in the payment of Fixed Rent). Section SECTION 2.3. If the Commencement Date is other than the first day of a calendar month, or the Fixed Expiration Date is other than the last Day day of a calendar month, Rental Fixed Rent for such month shall be prorated on a per diem basis. Section SECTION 2.4. [RESERVED] Section 2.5. Tenant shall pay the Fixed Rent and Additional Rent when due without notice, demand (except as provided herein) and without abatement, deduction, counterclaim, setoff or defense for any reason whatsoever, except said abatement as may be occasioned by the occurrence of any event permitting an abatement of Fixed Rent and Escalation Rent as specifically set forth in this Leasenature.

DEMISE, PREMISES, TERM, RENT. Section 2.1. Landlord hereby leases to Tenant and Tenant hereby leases from Landlord the Premises for the Term to commence on the Commencement Date and to end on the Fixed Expiration Date, unless earlier terminated or extended as provided herein. Section 2.2. Commencing upon the Commencement Date, Tenant shall pay to Landlord, in lawful money of the United States of America, without notice or demand, by good and sufficient check drawn to Landlord's order on a bank or trust company with an office in the United States of America, at the office of Landlord or at such other place as Landlord may designate from time to time, the following: (a) the Fixed Rent, at the annual fixed rental rate set forth in the Reference Page, which shall be payable in equal monthly installments of Fixed Rent in advance on the first day of each and every calendar month during the Term, except that the first monthly installment of Fixed Rent shall be payable by Tenant upon execution and delivery of this Lease; and (b) additional rent ("Additional Rent") consisting of all other sums of money (including, without limitation, Escalation Rent) as shall become due from and be payable by Tenant hereunder (for default in the payment of which Landlord shall have the same remedies as for a default in the payment of Fixed Rent). Section 2.3. If the Commencement Date is other than the first day of a calendar month, or the Expiration Date is other than the last Day day of a calendar month, Rental for such month shall be prorated on a per diem basis. Section 2.4. [RESERVED] Section 2.5. Tenant shall pay the Fixed Rent and Additional Rent when due without abatement, deduction, counterclaim, setoff or defense for any reason whatsoever, except said abatement as may be occasioned by the occurrence of any event permitting an abatement of Fixed Rent and Escalation Rent as specifically set forth in this Lease.

DEMISE, PREMISES, TERM, RENT. Section 2.1. Landlord hereby leases to Tenant and Tenant hereby leases hires from Landlord the Premises for the Term to commence commence, subject to Article 23, on the Commencement Date and to end on the Fixed Expiration Date, unless earlier terminated or extended as provided herein. Section 2.2. Commencing upon the Rent Commencement Date, Tenant shall pay to Landlord, in lawful money of the United States of America, without notice or demanddemand (except as otherwise specifically set forth in this Lease with respect to Additional Rent), by good and sufficient check drawn to Landlord's order on a bank or trust company with an office in the United States Borough of AmericaManhattan, the City of New York, State of New York, at the office of Landlord or at such other place as Landlord may designate from time to time, the following: (aA) the Fixed Rent, at the annual fixed rental rate set forth in the Reference Page, which shall be payable in equal monthly installments Monthly Installments of Fixed Rent in advance on the first day of each and every calendar month during the Term, except that the first monthly installment Monthly Installment of Fixed Rent shall be payable by Tenant upon execution and delivery of this Lease; and (bB) additional Additional rent ("Additional Rent") consisting of all other sums of money (including, without limitation, Escalation Rent) as shall become due from and be payable by Tenant hereunder (for default in the payment of which Landlord shall have the same remedies as for a default in the payment of Fixed Rent). Section 2.3. If the Rent Commencement Date is other than the first day of a calendar month, or the Expiration Date is other than the last Day of a calendar month, Rental Fixed Rent for such month shall be prorated on a per diem basis. Section 2.4. [RESERVED]If prior to the Rent Commencement Date, Tenant shall occupy any portion of the Premises for the performance of work in the Premises or otherwise, Tenant shall, commencing as of the date of such occupancy, pay Landlord's charges for (i) electricity, at the rate of $2.75 per rentable square foot per year (with respect to the portion of the Premises so occupied), and (ii) such items for which Tenant is separately billed hereunder, including, without limitation, overtime use of freight elevator and HVAC service and extra cleaning services. Such charges and items shall be payable to Landlord on demand. On the date of this Lease, Landlord's Building standard charge for (x) overtime use of freight elevator service is $150 per hour, and (y) overtime use of Building HVAC service (but not the supplemental air-conditioning system installed by Tenant in the Premises) is $150 per hour. Such amounts may be increased from time to time after the date hereof, provided that Landlord shall not discriminate against Tenant in increasing same. Section 2.5. Tenant shall pay the Fixed Rent and Additional Rent when due without abatement, deduction, counterclaim, setoff or defense for any reason whatsoever, except said abatement as may be occasioned by the occurrence of any event permitting an abatement of Fixed Rent and Escalation Rent as specifically set forth in this LeaseArticles 13 and 14.

DEMISE, PREMISES, TERM, RENT. Section 2.1. Landlord hereby leases to Tenant and Tenant hereby leases from Landlord the Premises for the Term to commence on the Commencement Date and to end on the Fixed Expiration Date. The Commencement Date shall be January 1, unless earlier terminated or extended 2014 (which beginning date shall be memorialized by an executed Acceptance of Premises in the form attached hereto as provided hereinExhibit “D”). Section 2.2. Commencing upon the Commencement Date, Tenant shall pay to Landlord, in lawful money of the United States of America, without notice or demand, by good and sufficient check drawn to Landlord's ’s order on a bank or trust company with an office in the United States of America, at the office of Landlord or at such other place as Landlord may designate from time to time, by wire transfer to an account designated by Landlord or direct draft from Tenant’s account through bank draft, ACH transfer, or other equivalent funds transfer to Landlord’s designated account (or other payment mechanism acceptable to Landlord), the following: (a) the Fixed Rent, at the annual fixed rental rate Base Rent as set forth in and in accordance with the Reference PageBase Rent Schedule provided in Exhibit “K” attached hereto, subject to adjustment pursuant to Section 2.8, which shall be payable in equal monthly installments of Fixed Base Rent in advance on the first day of each and every calendar month during the Term, except that the first monthly installment of Fixed Rent shall be payable by Tenant upon execution and delivery of this LeaseTerm as indicated therein; and (b) additional rent ("“Additional Rent"”) consisting of all other sums of money (including, without limitation, Escalation Rent) as shall become due from and be payable by Tenant hereunder (for default in the payment of which Landlord shall have the same remedies as for a default in the payment of Fixed Rent)hereunder. Section 2.3. [RESERVED] Section 2.4. If the Commencement Date is other than the first day of a calendar month, or the Expiration Date is other than the last Day day of a calendar month, Rental for such month shall be prorated on a per diem basis. Section 2.4. [RESERVED] Section 2.5. Tenant shall pay the Fixed Base Rent and Additional Rent when due without abatement, deduction, counterclaim, setoff or defense for any reason whatsoever, except said abatement as may be occasioned by the occurrence of any event permitting an abatement of Fixed Rent and Escalation Base Rent as specifically set forth in this Lease. Any payment made by Tenant to Landlord on account of Base Rent may be credited by Landlord to the payment of any late charges then due and payable and to any Base Rent or Additional Rent then past due before being credited to Base Rent currently due. Section 2.6. Tenant shall pay to Landlord as Additional Rent, concurrently, upon proper notice to Tenant hereunder, with payment of Base Rent or Additional Rent to Landlord, all taxes (including but not limited to any and all sales, rent or excise taxes) directly imposed upon Base Rent or Additional Rent, as levied or assessed by any governmental or political body or subdivision thereof against Landlord, but specifically excluding any taxes based upon the income or profits of Landlord including, without limitation, income taxes. Section 2.7. Provided Tenant is not in default (beyond any cure periods hereunder) under this Lease at the time an option is exercised, Landlord grants Tenant two (2) options to renew this Lease, with respect to the portion of the Premises then leased by Tenant, with each option being for an additional term of five (5) years, upon the same terms and conditions as set forth herein (the first renewal term commencing at the end of the initial Term and the second renewal term commencing at the end of the first renewal term, if previously exercised, each of which must be exercised in accordance with the notice requirements provided hereunder), except that the rental rates in each case shall be determined in accordance with the provisions of this Section 2.7 as shown below (the “Renewal Option”). Each option shall be exercised by Tenant’s delivery of written notice to Landlord at least ten (10) months prior to the then-current Expiration Date. (a) The renewal Base Rent rates for each option period shall be equal to ninety-five percent (95%) of the Market Rental Rate (as defined hereinafter) (such rate being hereinafter referred to as the “Renewal Rental Rate”). The “Market Rental Rate” is the rental rate then being charged by landlords (including Landlord) for office space in the East Memphis office submarket on new and renewal leases to tenants of a similar credit quality to Tenant for space of similar quality and size as the Premises, taking into account all relevant factors, including without limitation, age, extent and quality of tenant improvements, leasing commissions, length of term, amenities of the Buildings and the Real Property, reasonable projections of Base Rent, Additional Rent and allowances or concessions that have been granted such as abatements, lease assumptions and leasehold improvement allowances.

DEMISE, PREMISES, TERM, RENT. Section 2.1. Landlord hereby leases to Tenant and Tenant hereby leases hires from Landlord the Premises for the Term to commence commence, subject to Article 23, on the Commencement Date and to end on the Fixed Expiration Date, unless earlier terminated or extended as provided herein. Section 2.2. Commencing upon the Rent Commencement Date, Tenant shall pay to Landlord, in lawful money of the United States of America, without notice or demanddemand (except as otherwise specifically set forth in this Lease with respect to Additional Rent), by good and sufficient check drawn to Landlord's ’s order on a bank or trust company with an office in the United States Borough of AmericaManhattan, the City of New York, State of New York, at the office of Landlord or at such other place as Landlord may designate from time to time, the following: (aA) the Fixed Rent, at the annual fixed rental rate set forth in the Reference Page, which shall be payable in equal monthly installments Monthly Installments of Fixed Rent in advance on the first day of each and every calendar month during the Term, except that the first monthly installment Monthly Installment of Fixed Rent shall be payable by Tenant upon execution and delivery of this Lease; and (bB) additional Additional rent ("“Additional Rent"”) consisting of all other sums of money (including, without limitation, Escalation Rent) as shall become due from and be payable by Tenant hereunder (for default in the payment of which Landlord shall have the same remedies as for a default in the payment of Fixed Rent). Section 2.3. If the Rent Commencement Date is other than the first day of a calendar month, or the Expiration Date is other than the last Day of a calendar month, Rental Fixed Rent for such month shall be prorated on a per diem diem, basis. Section 2.4. [RESERVED]If prior to the Rent Commencement Date, Tenant shall occupy any portion of the Premises for the performance of work in the Premises or otherwise, Tenant shall, commencing as of the date of such occupancy, pay Landlord’s charges for (i) electricity, at the rate of $2.75 per rentable square foot per year (with respect to the portion of the Premises so occupied), and (ii) such items for which Tenant is separately billed hereunder, including, without limitation, overtime use of freight elevator and HVAC service and extra cleaning services. Such charges and items shall be payable to Landlord on demand. On the date of this Lease, Landlord’s Building standard charge for (x) overtime use of freight elevator service is $150 per hour, and (y) overtime use of Building HVAC service (but not the supplemental air-conditioning system installed by Tenant in the Premises) is $150 per hour. Such amounts may be increased from time to time after the date hereof, provided that Landlord shall not discriminate against Tenant in increasing same. Section 2.5. Tenant shall pay the Fixed Rent and Additional Rent when due without abatement, deduction, counterclaim, setoff or defense for any reason whatsoever, except said abatement as may be occasioned by the occurrence of any event permitting an abatement of Fixed Rent and Escalation Rent as specifically set forth in this LeaseArticles 13 and 14.