Common use of First Month’s Rent Clause in Contracts

First Month’s Rent. Tenant shall pay an amount equal to one full month of Fixed Rent (based upon the monthly Fixed Rent amount for the first Lease Year) upon the execution of this Lease (“Advance Rent”). If the Commencement Date is on the first (1st) day of a month, the Advance Rent shall be credited towards the first month’s Fixed Rent payment. If the Commencement Date is not the first (1st) day of a month, then on the Commencement Date Tenant shall pay Fixed Rent for the period from the 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 1 contract

Samples: Lease Agreement (Cereplast Inc)

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First Month’s Rent. Tenant shall pay an amount equal to one full month of (1) month’s Fixed Rent (based upon the monthly Fixed Rent amount for the first Lease Year) upon the execution and delivery of this Lease (“Advance Rent”)Lease. If the Rent Commencement Date is on the first (1st) day of a month, the Advance Rent such payment shall be credited towards the first such 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 (the “Partial Month”) 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 Agreement (Pzena Investment Management, Inc.)

First Month’s Rent. Tenant shall pay an amount equal to one full month of month’s Fixed Rent (based upon the monthly Fixed Rent amount for the first Lease Year) Initial Premises upon the execution of this Lease (“Advance Rent”). If the Initial Premises Rent Commencement Date is on the first (1st) day of a month, the Advance Rent shall be credited towards the first such month’s Fixed Rent payment. If the Initial Premises Rent Commencement Date is not the first (1st) day of a month, then on the Initial Premises Rent Commencement Date Tenant shall pay Fixed Rent for the period from the Initial Premises 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 1 contract

Samples: Lease Agreement (Inphi Corp)

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First Month’s Rent. Tenant shall pay an amount equal to one full month of month's Fixed Rent (based upon the monthly Fixed Rent amount for the first Lease Year) applicable to Block One upon the execution of this Lease (“Advance Rent”"ADVANCE RENT"). If the Rent Commencement Date (Block One) is on the first (1st) day of a month, the Advance Rent shall be credited towards the first month’s 's Fixed Rent payment. If the Rent Commencement Date (Block One) is not the first (1st) day of a month, then on the Rent Commencement Date (Block One) Tenant shall pay Fixed Rent for the period from the Rent Commencement Date (Block One) 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 1 contract

Samples: Lease Agreement (Engage Technologies Inc)

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