Fixed Annual Rent. A. Lessee hereby covenants and agrees to pay to Lessor in lawful United States currency, together with any and all applicable sales and use taxes levied upon the use and occupancy of the Premises as set forth in Section 10, the Fixed Annual Rent specified in Summary paragraph E (as adjusted pursuant to Exhibit D attached hereto and by this reference made a part hereof) payable in equal monthly installments in advance, beginning on the Commencement Date and continuing on the first day of each and every calendar month thereafter during said term. All forms of rent due under this Lease shall be paid to Lessor, without demand, setoff or deduction whatsoever except as otherwise set forth herein at its offices as specified in Summary paragraph J or at such other place as Lessor shall designate in writing to Lessee. In the event that the Commencement Date is not the first day of a month, Lessee shall pay the pro rata portion of the Fixed Annual Rent as well as all forms of additional rent due hereunder for said month.
X. Xxxxxx shall have the same rights and remedies with respect to additional rent as with respect to Fixed Annual Rent. The term “Rent” is hereby defined to mean the Fixed Annual Rent and any additional rent or other sums payable by Lessee under this Lease. In the event that any payment due Lessor under this Lease shall not be paid on the due date, a late charge of five-percent (5%) of the delinquent sum may be charged by Lessor. If any installment of Rent shall remain overdue for more than fifteen (15) days, an additional late charge in an amount equal to one and one-half percent (1 1/2%) per month (18% percent per annum) of the delinquent amount may be charged by Lessor, such Charge to be computed for the entire period for which the amount is overdue and which is in addition to and not in lieu of the five percent (5%) late charge or any other remedy available to Lessor. In the event that any check, bank draft, order for payment or negotiable instrument given to Lessor for any payment under this Lease shall be dishonored for any reason whatsoever not attributable to Lessor, Lessor shall be entitled to make an administrative charge to Lessee of Twenty-Five and 00/100 ($25.00) Dollars. Lessee recognizes and agrees that the aforesaid charges represent, at the time this Lease is made, a fair and reasonable estimate and liquidation of the costs of Lessor in the administration of the Building resulting from the events described, which costs are not conte...
Fixed Annual Rent. (i) There is herein reserved to Landlord for the entire term of this lease fixed annual rent equal to the aggregate amount of the sums hereinafter set forth and/or as calculated (a) in this Article 2 and, (b) if and so long as Landlord provides electricity to the demised premises, in Article 3. Fixed annual rent shall be paid in advance as follows: Commencing on and on the first day of each month throughout the term of this lease, Tenant shall pay to Landlord, without notice, credit, set off, deduction, counterclaim or reduction (except as may be specifically set forth herein), fixed annual rent as follows (except that the first monthly installment of fixed annual rent is being paid upon the execution hereof):
(a) for the period from the Commencement Date through and including the day immediately preceding the five (5) year five (5) month and one (1) week anniversary of the Commencement Date, the amount of $982,864.00 per annum, such amount to be paid in consecutive equal monthly installments of $81,905.33 during such period; and
(b) for the period from the five (5) year five (5) month and one (1) week anniversary of the Commencement Date through and including the Expiration Date, the amount of $1,087,424.00 per annum, such amount to be paid in consecutive equal monthly installments of $90,618.67 during such period.
(ii) Should the Commencement Date occur on any day other than the first day of a month, then the fixed annual rent for the unexpired portion of such month shall be adjusted and prorated on a per diem basis and any overpayment of the first month’s fixed annual rent shall be credited against the next month’s installment of fixed annual rent coming due.
(iii) For so long as Tenant is not in default, beyond any applicable grace or cure period, of any term of this lease (which includes each Exhibit hereto), Tenant shall receive a rent credit against fixed annual rent in the amount of Nine Hundred Forty-One Thousand Nine Hundred Eleven Dollars and Thirty-Three ($941,911.33) Cents, which credit shall be applied, until exhausted, in monthly installments against the first monthly installments of fixed annual rent payable hereunder (until exhausted), except the installment being paid upon execution hereof. If the term of this lease is terminated prior to its stated expiration date for any reason not the result of Landlord’s default, then in addition to all other damages, rights and remedies herein provided and provided by law for Landlord, Landlord shall...
Fixed Annual Rent. There is herein reserved to Landlord for the entire term of this lease fixed annual rent equal to the aggregate amount of the sums hereinafter set forth. Fixed annual rent shall be paid in advance as follows: commencing on the date which is ten (10) months after the Commencement Date (the “Rent Commencement Date”), and on the first day of each month thereafter throughout the term of this lease, Tenant shall pay to Landlord, without notice, deduction, set off or reduction (except as specifically set forth herein), monthly payments of fixed annual rent equal to one-twelfth (1/12th) of each of the following annual amounts:
(i) From the Rent Commencement Date through the last day of the fifth Lease Year: Four Million Five Hundred Sixty-Eight Thousand Five Hundred Twelve and 00/100 ($4,568,512.00) Dollars per annum ($380,709.33 per month);
(ii) From the first day of the sixth Lease Year through the last day of the tenth Lease Year: Four Million Nine Hundred Nineteen Thousand Nine Hundred Thirty-Six and 00/100 ($4,919,936.00) Dollars per annum ($409,994.67 per month); and
(iii) From the first day of the eleventh Lease Year through the last day of the fifteenth Lease Year: Five Million Two Hundred Seventy-One Thousand Three Hundred Sixty and 00/100 ($5,271.360.00) Dollars per annum ($439,280.00 per month) Should the Rent Commencement Date occur on any day other than the first day of a month, then the fixed annual rent for the unexpired portion of such month shall be adjusted and prorated on a per diem basis based on the actual number of days in said month.
Fixed Annual Rent. The Annual Fixed Rent in respect of such Available ROFO Space shall be as determined in accordance with the provisions of sub-section (C) above.
Fixed Annual Rent. The term “
Fixed Annual Rent for the First Offer Space shall commence as of the First Offer Commencement Date and shall be calculated at a rate which is the fixed annual rent on a fair market rental value basis for the First Offer Space based upon the criteria set forth in Subsection (5) of this Section 56.05 determined as of the day immediately preceding the First Offer Commencement Date (the “First Offer FMRV”); and
Fixed Annual Rent. The Fixed Annual Rent for the 2020 Expiration Space for the Stub Term shall be as set forth on Exhibit C-3 annexed hereto;
Fixed Annual Rent. YEARS 1-14: 12.5% of Project Costs (as defined in the Construction Addendum attached hereto)
Fixed Annual Rent. During the Lease Term, the aggregate amount of Fixed Annual Rent due Landlord from Tenant shall be Thirty Four Thousand Nine Hundred Fourteen and 00/100 Dollars ($39,914.00) per Annum (hereinafter referred to as the “Fixed Annual Rent”) computed on the basis of Twenty Two and 00/100 Dollars ($22.00) per year per square foot of space. The fixed Annual Rent due during the Lease Term shall be payable in advance, without demand, notice, reduction, or setoff, in equal monthly installments of Two Thousand Nine Hundred and Nine and 50/100 Dollars ($ 2,909.50) (hereinafter referred to as the "Fixed Monthly Rent").
Fixed Annual Rent. Tenant agrees to pay to Landlord fixed annual rent, One Hundred Twenty Five Thousand One Hundred Twenty-two and 50/100 ($125,122.50) dollars, payable in equal monthly installments commencing on July 1, 1996 and on the first day of each calendar month of the term of this Lease in advance, without deduction, counterclaim or set-off.
