Common use of First Month’s Rent Clause in Contracts

First Month’s Rent. Concurrent with the execution of this Lease, Tenant has paid one month’s Fixed Rent (“Advance Rent”) to Landlord. If the Rent Commencement Date is on the first day of a month, the Advance Rent shall be credited towards the first month’s Fixed Rent payment. If the Rent Commencement Date is not the first day of a month, then on the Rent Commencement Date Tenant shall pay Fixed Rent for the period from the Rent Commencement Date through the last day of such month, and the Advance Rent shall be credited towards Fixed Rent for the next succeeding calendar month.

Appears in 3 contracts

Samples: Lease Agreement (Centessa Pharmaceuticals PLC), Lease Agreement (Pegasystems Inc), Lease Agreement (Pegasystems Inc)

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First Month’s Rent. Concurrent with the execution of this Lease, Tenant has paid shall pay one month’s Fixed Rent upon the execution of this Lease (“Advance Rent”) to Landlord). If the Rent Commencement Date is on the first day of a month, the Advance Rent shall be credited towards the first month’s Fixed Rent payment. If the Rent Commencement Date is not the first day of a month, then on the Rent Commencement Date Tenant shall pay Fixed Rent for the period from the Rent Commencement Date through the last day of such month, and the Advance Rent shall be credited towards Fixed Rent for the next succeeding calendar month.

Appears in 3 contracts

Samples: Lease Agreement (Achieve Life Sciences, Inc.), Lease Agreement (Xstelos Holdings, Inc.), Lease Agreement (Omrix Biopharmaceuticals, Inc.)

First Month’s Rent. Concurrent with the execution of this Lease, Tenant has paid shall pay one month’s Fixed Rent upon the execution of this Lease (“Advance Rent”) to Landlord). If the Rent Commencement Date is on the first (1st) day of a month, the Advance Rent shall be credited towards the first (1st) month’s Fixed Rent payment. If the Rent Commencement Date is not the first (1st) day of a month, then on the Rent Commencement Date Tenant shall pay Fixed Rent for the period from the Rent Commencement Date through the last day of such month, and the Advance Rent shall be credited towards Fixed Rent for the next succeeding calendar month.

Appears in 2 contracts

Samples: Deed of Lease (FBR & Co.), Lease Agreement (Convio, Inc.)

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First Month’s Rent. Concurrent with Tenant shall pay one month's Fixed Rent upon the execution and delivery of this Lease, Tenant has paid one month’s Fixed Rent (“Advance Rent”) to Landlord. If the Rent Commencement Date is on the first day of a month, the Advance Rent such payment shall be credited towards the first month’s 's Fixed Rent payment. If the Rent Commencement Date is not the first day of a month, then on the Rent Commencement Date Tenant shall pay Fixed Rent for the period from the Rent Commencement Date through the last day of such month, and the Advance Rent payment made by Tenant on the date of execution and delivery of this Lease shall be credited towards Fixed Rent for the next succeeding calendar month.

Appears in 1 contract

Samples: Lease (Greenhill & Co Inc)

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