Fixed, Minimum and Base Rents Sample Clauses

Fixed, Minimum and Base Rents. Subject to Section 6(g) below, Seller shall be entitled to fixed, minimum and base rents which are due or past due or not yet due but accrued under the terms of the Leases, prorated to 11:59 p.m. of the day prior to the Closing, regardless of when such payments are actually made. At Closing, rents for the month of Closing will be prorated as provided below. “Delinquent Amounts”, as defined in Section 6(j) below, shall be handled in the manner provided in Section 6(j) below). All scheduled payments of fixed, minimum or base rents received by Seller or Purchaser for the month of Closing shall be prorated based upon the number of days in that month occurring before the Closing. If, as of the Closing, any scheduled payment of fixed, minimum or base rents has not been paid by a tenant for the month of Closing (such amount being referred to as the “Current Unpaid Rent” for such tenant), than any subsequent payments made by such tenant after Closing shall first be applied to (but only to the extent of) the Current Unpaid Rent for such tenant. If after the Closing, Seller receives any payment from a tenant with Current Unpaid Rent, Seller shall be entitled to retain from any such payment the amount of the Current Unpaid Rent for such tenant (with the balance of any such payment being treated as a “Delinquent Amount” and disposed of pursuant to the provisions of Section 6(j) below, or if Purchaser receives any such payment from a tenant with Current Unpaid Rent, Purchaser shall promptly remit to Seller from any such payment the amount of the Current Unpaid Rent for such tenant (with the balance of any such payment being treated as a “Delinquent Amount” and disposed of pursuant to the provisions of Section 6(j) below.
Sample 1Sample 2Sample 3See All (4)
AutoNDA by SimpleDocs
Fixed, Minimum and Base Rents. Subject to Section 5.11 below, Seller shall be entitled to fixed, minimum and base rents which are due or past due or not yet due but accrued under the terms of the Leases, prorated to midnight of the day prior to the Closing Date, regardless of when such payments are actually made. Notwithstanding the foregoing, for the purpose of making apportionments at Closing, Buyer and Seller shall not prorated Delinquent Amounts (as defined below).
Sample 1Sample 2
Fixed, Minimum and Base Rents. Subject to Section 6.02(l), Seller shall be entitled to receive all fixed, minimum and base rents which are due or past due or not yet due but accrued under the terms of the Leases, prorated to the Closing Date, upon collection of the same from tenants. Subject to Section 6.02(l), Purchaser shall be entitled to receive all fixed, minimum and base rents which relate to periods commencing on or after the Closing Date, upon collection of the same from tenants.
Sample 1
Fixed, Minimum and Base Rents. Subject to Subsection 6.6.8 below, Seller shall be entitled to fixed, minimum, and base rents which are due or past due (but not for more than 180 days) or not yet due but accrued under the Leases, prorated to, but not including, the Closing Date, regardless of when such payments are actually made.
Sample 1
Fixed, Minimum and Base Rents. Subject to Section 11 (h) below, Seller shall be entitled to fixed, minimum and base rents which are due or past due or not yet due but accrued under the terms of the Space Leases, prorated to midnight of the day prior to the Closing, regardless of when such payments are actually made. At Closing, rents received by Seller for the month of Closing will be prorated as provided below, but there shall be no proration at Closing of unpaid or delinquent rents. All payments of fixed, minimum or base rents received by either party for the month of Closing shall be prorated based upon the number of days in that month occurring before the Closing, and the party receiving the payment shall credit (in the case of payment received by Seller before the Closing) or remit (in the case of payment received by Purchaser on or after the Closing) to the other party its proportionate share.
Sample 1
Fixed, Minimum and Base Rents. Subject to Section 6.2(m) below and this Section 6.2(b), Seller shall be entitled to fixed, minimum and base rents which are due or past due or not yet due but accrued under the terms of the Leases, prior to, and prorated as of the Closing Date. Purchaser shall be entitled to all fixed, minimum and base rents accruing and prorated from and after the Closing Date. Purchaser shall be entitled to a credit at Closing for Purchaser's share of all such fixed, minimum and base rents due in the month in which the Closing Date occurs and received by Seller prior to the Closing Date. If any such fixed, minimum or base rents due in the month in which the Closing Date occurs have not been received by Seller as of the Closing Date, Seller shall receive a credit at Closing for its share of such rents and Purchaser shall receive a credit at Closing for its share of such rents, subject in each case to readjustment as described in Section 6.2(m) below. By way of example, if (i) there is $1,000,000 in fixed, minimum and base rents due for the month in which the Closing Date occurs, (ii) Closing occurs on June 7, 2000, and (iii) $900,000 of such rents have been collected as of Closing, then Purchaser shall receive a credit at Closing of $800,000 (24/30ths of $900,000, plus 24/30ths of $100,000) and Seller shall receive a credit of $20,000 (6/30ths of $100,000).
Sample 1
Fixed, Minimum and Base Rents. Seller shall be entitled to all fixed, minimum and base rents and all income produced from the operation of the Property which is allocable to the period prior to the Closing Date, prorated to the Closing Date.
Sample 1
AutoNDA by SimpleDocs
Fixed, Minimum and Base Rents. Subject to Subsection (j) below (which addresses Delinquent Amounts), all rents (fixed, minimum, base and percentage rents) payable under the terms of the Leases shall be prorated as of the Document Delivery Date (regardless of when such payments are actually made), with Seller being entitled to all rents for periods prior to the Document Delivery Date and Purchaser being entitled to all rents for the Document Delivery Date and thereafter; provided, however, Purchaser shall receive a credit at Closing against the Purchase Price only for its pro rata share of rents actually received by Seller prior to Closing.
Sample 1
Fixed, Minimum and Base Rents. Subject to Section 6.2(j) of this Agreement, (i) Seller shall be entitled to fixed, minimum and base rents which are due or past due, prorated to the Closing Date regardless of when such payments are actually made, and (ii) Purchaser shall be entitled to all fixed, minimum and base rents accruing and prorated on or after the Closing Date.
Sample 1

Related to Fixed, Minimum and Base Rents

  • Coverage Minimum Requirement Commercial General Liability Insurance, including Bodily Injury, Personal Injury, Property Damage, Advertising Injury, and Medical Payments Each Occurrence General Aggregate $ 1,000,000 $ 2,000,000 Automobile Liability Insurance - Any Auto Each Occurrence General Aggregate $ 1,000,000 $ 2,000,000 Professional Liability $ 1,000,000 Workers Compensation Statutory Limits Employer’s Liability $ 1,000,000

  • Minimum Annual Rent Tenant agrees to pay to Landlord the Minimum Annual Rent in equal monthly installments in the amount set forth in Section 1(d) (as increased at the beginning of each lease year as set forth in Section 1(d)), in advance, on the first day of each calendar month during the Term, without notice, demand or setoff, at Landlord's address designated at the beginning of this lease unless Landlord designates otherwise; provided that rent for the first full month shall be paid at the signing of this lease. If the Commencement Date falls on a day other than the first day of a calendar month, the rent shall be apportioned pro rata on a per diem basis for the period from the Commencement Date until the first day of the following calendar month and shall be paid on or before the Commencement Date. As used in this lease, the term "LEASE YEAR" means the period from the Commencement Date through the succeeding 12 full calendar months (including for the first lease year any partial month from the Commencement Date until the first day of the first full calendar month) and each successive 12 month period thereafter during the Term.

  • Minimum Requirements Consultant shall, at its expense, procure and maintain for the duration of the Agreement insurance against claims for injuries to persons or damages to property which may arise from or in connection with the performance of the Agreement by the Consultant, its agents, representatives, employees or subconsultants. Consultant shall also require all of its subconsultants to procure and maintain the same insurance for the duration of the Agreement. Such insurance shall meet at least the following minimum levels of coverage:

  • Lease Period The lease period of the Finance Lease Agreement II is 36 months, which commenced on July 31, 2023. The lease period of the Finance Lease Agreement III is 36 months, which commenced on October 13, 2023. The lease period of the Finance Lease Agreement IV is 36 months, which shall commence on October 30, 2023.

  • Minimum Excess Availability Borrower shall have Excess Availability under the Revolving Credit Loans facility of not less than the amount specified in the Schedule, after giving effect to the initial advance hereunder and after giving effect to any applicable Loan Reserves against borrowing availability under the Revolving Credit Loans.

  • Minimum Monthly Rent (Section 1.5): Tenant shall pay to Landlord Minimum Monthly Rent for the Premises during the Extended Term in accordance with the schedule and in the amount set forth below: 01/01/13-07/31/13 $ 1,776.25 per month $ 8,645.00 per month $ 10,421.25 per month 08/01/13-07/31/14 $ 1,827.00 per month $ 8,892.00 per month $ 10,719.00 per month 08/01/14-07/31/15 $ 1,877.75 per month $ 9,139.00 per month $ 11,016.75 per month

  • Minimum Annual Royalty Beginning in the calendar year after the first occurrence of SALEs, and in each succeeding calendar year thereafter, LICENSEE will pay to REGENTS a minimum annual royalty of [Written amount] U.S. Dollars ($ Number) for the life of this AGREEMENT. This minimum annual royalty will be paid to REGENTS by February 28 of each year and will be credited against the earned royalty due and owing for the calendar year in which the minimum payment is made.

  • Maximum Annual Operating Expense Limit The Maximum Annual Operating Expense Limit with respect to each Fund shall be the amount specified in Schedule A based on a percentage of the average daily net assets of each Fund.

  • Minimum Annual Royalties Company shall pay to JHU minimum annual royalties as set forth in Exhibit A. These minimum annual royalties shall be due, without invoice from JHU, within thirty (30) days of each anniversary of the EFFECTIVE DATE beginning with the first anniversary. Running royalties and sublicense consideration accrued under Paragraphs 3.3 and 3.4, respectively, and paid to JHU during the one year period preceding an anniversary of the EFFECTIVE DATE shall be credited against the minimum annual royalties due on that anniversary date.

  • Coverage Minimum Limits Commercial General Liability $1,000,000 per occurrence $2,000,000 aggregate Automobile Liability including coverage for owned, non-owned and hired vehicles $1,000,000 per occurrence

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!