Fixed Minimum Annual Rent Sample Clauses

Fixed Minimum Annual Rent. (a) Tenant agrees to pay Landlord, subject, however to adjustment (if any) as herein provided, as fixed minimum rent, the sum or sums set forth in Section (o) of the Lease Summary. The fixed minimum annual rent during the term of this Lease shall be payable by the Tenant in equal monthly installments on or before the first day of each month in advance at the office of the Landlord as set forth in Section (a) of the Lease Summary of at such other place designated by Landlord, without notice or demand and without any deduction, counterclaim, or set-off whatsoever. (b) In the event that at any time any personal or corporate check of Tenant should be returned marked "insufficient funds" or should not be property paid by the drawee bank for any reason, Landlord may, Without prejudice to any other right or remedy accruing to Landlord under this Lease, require that all future rental payments are to be made on or before the due date by cashiers check or money order,
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Fixed Minimum Annual Rent. (a) Tenant agrees to pay Landlord, subject, however to adjustment (if any) as herein provided, as fixed minimum annual rent the sum or sums set forth in Section (p) of the Lease Summary (hereinafter referred to as "Fixed Minimum Annual Rent"). The Fixed Minimum Annual Rent during the term of this Lease shall be payable by the Tenant in equal monthly installments, on or before the first day of each month in advance, at the office of the Landlord as set forth in Section (a) of the Lease Summary, or at such other place designated by Landlord in writing, without notice or demand, and without any deduction, counterclaim, or set-off whatsoever. (b) In the event that at any time any personal or corporate check of Tenant should be returned marked "insufficient funds" or should not be promptly paid by the drawee bank for any other reason (excepting and error made by the drawee bank and acknowledged by the drawee bank in writing), Landlord may, without prejudice to any other right or remedy accruing to Landlord under this Lease, require that all future rental payments are to be made on or before the due date by cash, cashier's check or money order.
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Fixed Minimum Annual Rent. Tenant agrees to pay to Landlord throughout the full term of this lease, without demand, set-off or deduction, but subject to adjustments for increases in the cost of living, as hereinafter set forth, an annual guaranteed minimum rent of eighteen thousand dollars ($18,000), payable in equal monthly installments (the "Basic Monthly Rent ") of $1,500, in advance on the first (1st) day of each calendar month of the term, to the Landlord s managing agent at X.X. XXX 000, XXXXXXX, XX. 00000-0000 (PAYABLE TO SEAGRAPE SQUARE), or at such other place Landlord may from time to time designate in writing.
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Fixed Minimum Annual Rent. Section 2.01 (b) is hereby deleted and replaced by the following: Beginning in Lease Year Two, the Fixed Minimum Annual Rent shall increase at the rate of $1.00 per square foot pursuant to the following schedule: Lease Year Two $31.00 per square foot $432,543.00 Annually Lease Year Three $32.00 per square foot $446,496.00 Annually Lease Year Four $33.00 per square foot $460,449.00 Annually Lease Year Five $34.00 per square foot $474,402.00 Annually Lease Year Six $35.00 per square foot $488,355.00 Annually Lease Year Seven $36.00 per square foot $502,308.00 Annually Lease Year Eight $37.00 per square foot $516,261.00 Annually Lease Year Nine $38.00 per square foot $530,214.00 Annually Lease Year Ten $39.00 per square foot $544,167.00 Annually
Sample 1
Fixed Minimum Annual Rent. Tenant shall pay to Landlord, without demand and without deduction or set-off, at the rental payment place, or such other address for the rental payment place as Landlord by notice in writing to Tenant may from time to time direct, rent as follows: (a) Fixed Rent shall be payable at the annual rate provided in Article 1, Section 1.1 I(Exhibit C), for each year of the Lease Term, in equal monthly installments in advance on the first day of each month during the Lease Term. The Fixed Rent for a Fractional Month (if any) shall be apportioned on a per Tenant shall reimburse Landlord for actual costs for repairs if Tenant refuses or neglects to repair as required.
Sample 1
Fixed Minimum Annual Rent. Tenant shall pay to Landlord, without demand and without deduction or set-off, at the rental payment place, or such other address for the rental payment place as Landlord by notice in writing to Tenant may from time to time direct, as follows: Fixed Rent shall be payable at the annual rate provided in Article I, Section 1.1 I (Exhibit C), for each year of the Lease Term, in equal monthly installments in advance on the first day of each month during the Lease Term. If payment is more than five (5) days late, a late fee of 10% is assessed on midnight of the fifth day. The Fixed Rent for a Fractional Month (if any) shall be apportioned on a per diem basis, calculated on the basis of a thirty (30) day month, and shall be payable on the commencement of the Lease Term.
Sample 1
Fixed Minimum Annual Rent. (See Addendum to Lease) (a) Tenant shall pay Landlord as Fixed Minimum Annual Rent the sum of Four Hundred Eighteen Thousand Five Hundred Ninety and 00/100 Dollars ($418,590.00) per annum, (subject to increases as provided in Section 2.01(b) hereof), payable to Landlord in twelve (12) equal monthly installments initially, of, Thirty Four Thousand Eight Hundred Eighty-two and 50/100 Dollars ($34,882.50) (subject to increases as provided in Section 2.01(b) hereof), plus applicable Florida Sales Tax, on or before the first (1st) day of each month in advance, at the office of Landlord, above designated, or to such other recipient or place as shall be designated by Landlord from time to time, without any prior demand therefor, and without any deduction, offset or counterclaim whatsoever, except as specifically herein permitted.
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Fixed Minimum Annual Rent. Tenant shall pay to Landlord, without demand and without deduction or set-off, at City of Savannah Revenue Department, X.X. Xxx 0000, Xxxxxxxx, Xxxxxxx 00000 or at such other address for the Rental Payment Place as Landlord by notice in writing to Tenant may from time to time direct, rent as follows: (a) Fixed Rent (as defined below) shall be payable in equal monthly installments in advance on the first day of each month during the Term. The Fixed Rent for a Fractional Month (if any) shall be apportioned on a per diem basis, calculated on the basis of a thirty (30)-day month, and shall be payable upon the commencement of the Term. In the event that any check, draft or other instrument of payment given by Tenant is dishonored for any reason, Tenant agrees to pay to Landlord the sum of $50.00 in addition to any Late Payment Charge that may be due.
Sample 1

Related to Fixed Minimum Annual Rent

  • 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 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.

  • 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.

  • 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

  • Basic Annual Rent Commencing on the earlier of (i) sixty (60) days after the Commencement Date (which 60-day period is hereinafter referred to as the “Fit-Up Period”) or (ii) the date Tenant commences operating its business in the Building (such earlier date being herein the “Rent Commencement Date”), Tenant shall pay to Landlord during the Lease Term “Basic Annual Rent” payable in equal monthly installments as set forth below without any deductions, recoupments, or set-offs, and without demand, in advance on the first day of each and every calendar month in each lease year during the Lease Term; provided, however, that if the Lease Term shall commence on a day other than the first day of a month, Tenant shall pay on the Rent Commencement Date for the fractional part of a month at the beginning of the term, a prorated amount of one month’s rent. Notwithstanding the foregoing, in the event that Tenant occupies only a portion of the Building during the Fit-Up Period, then Tenant shall pay to Landlord, for the balance of the Fit-Up Period only, a percentage of the Basic Annual Rent and Additional Rent otherwise payable by Tenant during such period, which percentage shall be equal to the percentage of the Building occupied by Tenant during such period. In any event, upon the expiration of the Fit-Up Period, Tenant shall be obligated to commence payment of Basic Annual Rent and Additional Rent in their full amounts. Subject to adjustment pursuant to Sections 1(d) and 1(e) above and Rider No. 4 below, the Basic Annual Rent for each year of the original term shall be determined by multiplying the Rentable Area of Leased Premises, as hereinafter defined, by the following amounts: 1st lease year $11.50 2nd lease year $11.50 3rd lease year $11.50 4th lease year $12.34 5th lease year $12.34 6th lease year $12.34 7th lease year $13.25 8th lease year $13.25 9th lease year $13.25 10th lease year $13.25 The Basic Annual Rent shall be confirmed in the Lease Commencement Agreement.

  • 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.

  • Annual Rent LESSEE covenants and agrees to pay as rent to LESSOR the sum of

  • Monthly Rent a. Commencing as of the Commencement Date, and continuing thereafter on or before the first day of each calendar month during the term hereof, Tenant shall pay to Landlord, as monthly rent for the Premises, the Monthly Rent specified in Paragraph 2 above. If Tenant’s obligation to pay Monthly Rent hereunder commences on a day other than the first day of a calendar month, or if the term of this Lease terminates on a day other than the last day of a calendar month, then the Monthly Rent payable for such partial month shall be appropriately prorated on the basis of a thirty (30)-day month. Monthly Rent and the Additional Rent specified in Paragraph 7 shall he paid by Tenant to Landlord, in advance, without deduction, offset, prior notice or demand, in immediately available funds of lawful money of the United States of America, or by good check as described below, to the lockbox location designated by Landlord, or to such other person or at such other place as Landlord may from time to time designate in writing. Payments made by check must be drawn either on a California financial institution or on a financial institution that is a member of the federal reserve system. Notwithstanding the foregoing, Tenant shall pay to Landlord together with Tenant’s execution of this Lease an amount equal to the Monthly Rent payable for the first full calendar month of the Lease term after Tenant’s obligation to pay Monthly Rent shall have commenced hereunder, which amount shall be applied to the Monthly Rent first due and payable hereunder. b. All amounts payable by Tenant to Landlord under this Lease, or otherwise payable in connection with Tenant’s occupancy of the Premises, in addition to the Monthly Rent hereunder and Additional Rent under Paragraph 7, shall constitute rent owed by Tenant to Landlord hereunder. c. Any rent not paid by Tenant to Landlord when due shall bear interest from the date due to the date of payment by Tenant at an annual rate of interest (the “Interest Rate”) equal to the lesser of (i) twelve percent (12%) per annum or (ii) the maximum annual interest rate allowed by law on such due date for business loans (not primarily for personal, family or household purposes) not exempt from the usury law. Notwithstanding the foregoing, Landlord shall give Tenant notice of non-payment of rent when due and five (5) days after delivery of such notice to cure such non-payment once in each calendar year before assessing interest in such calendar year pursuant to this Paragraph 5.c. Failure by Tenant to pay rent when due, including any interest accrued under this subparagraph, shall constitute an Event of Default (as defined in Paragraph 25 below) giving rise to all the remedies afforded Landlord under this Lease and at law for nonpayment of rent. d. No security or guaranty which may now or hereafter be furnished to Landlord for the payment of rent due hereunder or for the performance by Tenant of the other terms of this Lease shall in any way be a bar or defense to any of Landlord’s remedies under this Lease or at law. e. Notwithstanding anything to the contrary in this Lease: (i) in no event may any rent under this Lease be based in whole or in part on the income or profits derived from the Premises, except for percentage rent based on gross (not net) receipts or sales; (ii) if the holder of a Superior Interest (as defined in Paragraph 21 below) succeeds to Landlord’s interest in the Lease (“Successor Landlord”) and the Successor Landlord is advised by its counsel that all or any portion of the rent payable under this Lease is or may be deemed to be “unrelated business income” within the meaning of the Internal Revenue Code or regulations issued thereunder, such Successor Landlord may, at its option, unilaterally amend the calculation of rent so that none of the rent payable to Landlord under the Lease will constitute “unrelated business income,” but the amendment will not increase Tenant’s payment obligations or other liability under this Lease or reduce the Landlord’s obligations under this Lease and (iii) upon the Successor Landlord’s request, Tenant shall execute any document such holder deems necessary to effect the foregoing amendment to this Lease.

  • Average Annual Compensation The Executive's "Average Annual Compensation" for purposes of this Agreement shall be deemed to mean the average level of compensation paid to the Executive by the Employers or any subsidiary thereof during the most recent five taxable years preceding the Date of Termination, including Base Salary and benefits and bonuses under any employee benefit plans of the Employers.

  • Term and Annual Renewal The term of this Agreement shall be from the date of its approval by the vote of a majority of the Board of each Issuer, and it shall continue in effect from year to year thereafter only so long as such continuance is specifically approved at least annually by the vote of a majority of its Board, and the vote of a majority of those members of the Board who are neither parties to the Agreement nor interested persons of any such party, cast at a meeting called for the purpose of voting on such approval. “Approved at least annually” shall mean approval occurring, with respect to the first continuance of the Agreement, during the 90 days prior to and including the date of its termination in the absence of such approval, and with respect to any subsequent continuance, during the 90 days prior to and including the first anniversary of the date upon which the most recent previous annual continuance of the Agreement became effective. The effective date of the Agreement with respect to each Fund is identified in the Schedule A of this Agreement.

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