FIXED RENT AND ADDITIONAL RENT. Section 2.1. Tenant shall pay to Landlord as Fixed Rent for the Premises during the Term the amounts stated in Article A, Section 3. Fixed Rent shall be payable in equal monthly installments in advance on the first day of each and every month during the Term, without previous demand therefor and without offset or deduction of any kind whatsoever. Notwithstanding the foregoing, Tenant shall pay the partial month's installment of Fixed Rent (with respect to the remaining days of the month in which this Lease is executed) upon the execution of this Lease.
Section 2.2. Tenant shall also pay and discharge, as additional rent, all other amounts, liabilities and obligations of whatsoever nature relating to the Premises, including, without limitation, all Impositions (as defined in Section 3.1 below), all Project Expenses (as defined in Section 5.9 below) those arising under any common area maintenance agreements however denominated, easements, declarations, restrictions, or other similar agreements affecting the Premises or any adjoining property thereto, and all interest and penalties that may accrue thereon in the event of Tenant's failure to pay such amounts when due, and all damages, costs and expenses which Landlord may incur by reason of any default of Tenant or failure on Tenant's part to comply with the terms of this Lease, all of which Tenant hereby agrees to pay upon demand or as is otherwise provided herein (all of the foregoing together with any other amounts and charges payable by Tenant under this Lease in addition to Fixed Rent are herein collectively called "ADDITIONAL RENT"). Upon any failure by Tenant to pay any of the Additional Rent, Landlord shall have all legal, equitable and contractual rights, powers and remedies provided either in this Lease or by statute or otherwise in the case of non-payment of the Fixed Rent. The term Additional Rent shall be deemed rent for all purposes hereunder other than with respect to Tenant's internal accounting procedures.
Section 2.3. All Fixed Rent and Additional Rent payable hereunder (collectively, "RENT") shall be payable when due by wire transfer of immediately available funds to an account designated from time to time by Landlord. At Landlord's option upon Landlord's request, Rent shall be made in United States currency which shall be legal tender for all debts, public and private, payable to Landlord and sent to Landlord's address set forth in Article A, or to such other person or persons or at such ot...
FIXED RENT AND ADDITIONAL RENT. 9 ARTICLE 3 IMPOSITIONS...........................................11
FIXED RENT AND ADDITIONAL RENT. 3.1 Subtenant shall pay to Sublandlord, commencing on November 27, 1995 (the "Rent Commencement Date"), in currency which at the time of payment is legal tender for public and private debts in the United States of America, as fixed rent ("Fixed Rent") during the Term, three (3) business days prior to the first (1st) day of each month during the Term, for the period commencing on the Rent Commencement Date and ending on the Expiration Date, the sum of One Hundred Sixty Three Thousand Six Hundred Seventy Eight Dollars ($163,678) per annum payable in equal monthly installments of Thirteen Thousand Six Hundred Forty Dollars ($13,640.). The installment of Fixed Rent for the first full calendar month of the Term following the Rent Commencement Date shall be due and payable on the execution of this Sublease. The Rent Commencement Date shall be deferred by the number of days after November 27, 1995 that delivery of possession of the Premises may be delayed, if any. If the Rent Commencement Date shall occur on a date other than the first day of any calendar month, the Fixed Rent payable hereunder for such month shall be prorated on a per-diem basis and shall be paid three (3) days prior to the first day of the first full month following the Rent Commencement Date.
3.2 If Subtenant shall fail to pay when due any installment of Fixed Rent, additional rent or other costs, charges and sums payable by Subtenant hereunder (such additional rent or other costs, charges and sums, together with Fixed Rent, hereinafter collectively referred to as the "Rental"), Subtenant shall pay to Sublandlord, in addition to such installment of Fixed Rent or Rental, as the case may be, as a late charge and as additional rent, a sum equal to interest at the Applicable Rate (hereinafter defined) per annum on the amount unpaid, commencing from the date such payment was due to and including the date of payment. The "Applicable Rate" shall be the rate equal to the lesser of (a) two (2) percentage points above the then current rate publicly announced by Citibank, N.A. or its successor as "Alternate Base Rate II" (or such other term as may be used by Citibank, N.A. from time to time for the rate presently referred to as "Alternate Base Rate II") or (b) the maximum rate permitted by applicable law.
FIXED RENT AND ADDITIONAL RENT. Section 4.1. Tenant covenants and agrees to pay to Landlord, as Fixed Rent for the Demised Premises as follows:
A. From the Commencement Date until the Rent Commencement Date--Third Floor, the sum of $1.00,
B. From the Rent Commencement Date--Third Floor through 5/23/99, the sum of $5.75 per Rentable Square Foot of Demised Premises plus $5.75 times Tenant's pro rata share of common areas per year, payable in equal monthly installments of 1/12 of said sum in advance on the first day of each and every calendar month during the Term, and pro rata for any fraction of a month,
C. From 5/24/99 through the Termination Date, the sum of $7.00 per Rentable Square Foot of Demised Premises plus $7.00 times Tenant's pro rata share of common areas per year, payable in equal monthly installments of 1/12 of said sum in advance on the first day of each and every calendar month during the Term, and pro rata for any fraction of a month.
FIXED RENT AND ADDITIONAL RENT. Tenant shall pay fixed rent (“Fixed Rent”) beginning on April 1, 2007 (the “Rent Commencement Date”) in monthly installments each equal to one-twelfth (1/12) of the rate of the annual Fixed Rent (the “Annual Fixed Rent”), as set forth on Exhibit “C”, without prior notice or demand, and without any setoff or deduction whatsoever, in advance, on the first day of each month at such place as Landlord may direct. In addition to the Fixed Rent, and as more fully set forth below, Tenant shall pay to Landlord additional rent (“Additional Rent”). All amounts payable by Tenant to Landlord under this Lease other than Fixed Rent shall constitute Additional Rent and shall be paid without any setoff or deduction whatsoever as provided herein. “Rent” shall mean Fixed Rent and Additional Rent.
FIXED RENT AND ADDITIONAL RENT. Section 2.01. Tenant shall pay to Landlord as fixed rent ("fixed rent") for the demised premises the annual sum as follows: Seven Hundred Seventy-Eight Thousand One Hundred Fifty ($778,150) Dollars for the first lease year of this lease; Seven Hundred Eighty-One Thousand Five Hundred Twenty-Five ($781,525) Dollars for the second lease year of this lease; Seven Hundred Eighty-Four Thousand Nine Hundred Eighty-One ($784,981) Dollars for the third lease year of this lease; Seven Hundred Eighty-Eight Thousand Five Hundred Twenty-Seven ($788,527) Dollars for the fourth lease year of this lease; Seven Hundred Ninety-Two Thousand One Hundred Sixty-Three ($792,163) Dollars for the fifth lease year of this lease; Eight Hundred Sixty-Three Thousand Five Hundred Eighty-Nine ($863,589) Dollars for the sixth lease year of this lease; Eight Hundred Sixty-Seven Thousand Four Hundred Five ($867,405) Dollars for the seventh lease year of this lease; Eight Hundred Seventy-One Thousand Three Hundred Twenty ($871,320) Dollars for the eighth lease year of this lease; Eight Hundred Seventy-Five Thousand Three Hundred Thirty-Four ($875,334)
FIXED RENT AND ADDITIONAL RENT. Subordination to and Incorporation of the Lease............. 3 5. Use.........................................................
FIXED RENT AND ADDITIONAL RENT. 3.1. Subtenant shall pay to Sublandlord, commencing on April 9, 1999 (the "Rent Commencement Date"), in currency which at the time of payment is legal tender for public and private debts in the United States of America, as fixed rent ("Fixed Rent") during the Term, three (3) business days prior to the first (1st) day of each month during the Term (it being agreed that since the Rent Commencement Date occurs on a date other than the first (1st) day of a calendar month, the Fixed Rent with respect to the month of April, 1999 shall be pro-rated on a per diem basis)
(i) for the period commencing on the Rent Commencement Date and ending on September 30, 1999, the sum of Ninety-Three Thousand Five Hundred Eighty-Eight Dollars ($93,588.00) per annum, payable in equal monthly installments of Seven Thousand Seven Hundred Ninety-Nine Dollars ($7,799.00),
(ii) for the period commencing on October 1, 1999 and ending on September 30, 2000, the sum of Ninety-Six Thousand Four Hundred Twenty-Four Dollars ($96,424.00) per annum, payable in equal monthly installments of Eight Thousand Thirty-Five and 33/100 Dollars ($8,035.33),
(iii) for the period commencing on October 1, 2000 and ending on September 30, 2001, the sum of Ninety-Nine Thousand Three Hundred Sixteen and 72/100 Dollars ($99,316.72) per annum, payable in equal monthly installments of Eight Thousand Two Hundred Seventy-Six and 39/100 Dollars ($8,276.39),
(iv) for the period commencing on October 1, 2001 and ending on September 30, 2002, the sum of One Hundred Two Thousand Three Hundred Twenty-Two and 88/100 Dollars ($102,322.88) per annum, payable in equal monthly installments of Eight Thousand Five Hundred Twenty-Six and 91/100 Dollars ($8,526.91),
(v) for the period commencing on October 1, 2002 and ending on September 30, 2003, the sum of One Hundred Five Thousand Four Hundred Forty-Two and 48/100 Dollars ($105,442.48) per annum, payable in equal monthly installments of Eight Thousand Seven Hundred Eighty-Six and 87/100 Dollars ($8,786.87),
(vi) for the period commencing on October 1, 2003 and ending on September 30, 2004, the sum of One Hundred Eight Thousand Six Hundred Eighteen and 80/100 ($108,618.80) per annum, payable in equal monthly installments of Nine Thousand Fifty-One and 57/100 Dollars ($9,051.57),
(vii) for the period commencing on October 1, 2004 and ending on September 30, 2005, the sum of One Hundred Eleven Thousand Nine Hundred Eight and 56/100 Dollars ($111,908.56) per annum, payable in eq...
FIXED RENT AND ADDITIONAL RENT. (a) 7.1 . Lessee shall pay to Lessor without notice or demand, and without set-off, the Fixed Rent payable in the monthly installments of Fixed Rent as set forth below, in advance of the first day of each calendar month during the Term by: Lessee’s check payable to CLA Building Associates and mailed to CLA c/x Xxxxx Xxxxxxxx, 62 L’Exxxxx Xxxxx, Xxxx Xxxxx, PA 19342.
FIXED RENT AND ADDITIONAL RENT. (a) Other than as set forth in Section 3.01(b) of this Lease, Lessee agrees to pay to Lessor during the Term specified in Section 2.01, monthly rent (“Rent”), due on the first day of every month, which shall increase three percent (3%) annually on October 1 of each year of the Term, and any extension thereof. Lessee also agrees to pay to Lessor modified NNN (“NNN”), which shall include real property tax, building insurance and building maintenance. Rent and NNN shall be paid pursuant to the following schedule: Year 1: 1/1/2021 - 6/30/2021 7/01/2021 - 9/30/2021 18,050.00 1,829.36 18,895.50 26,020.50 1,907.68 2,626.93 Year 2: 10/01/2021 - 9/30/2022 18,591.50 1,829.36 26,801.12 2,626.93 Year 3: 10/01/2022 - 9/30/2023 19,148.20 1,829.36 27,603.64 2,626.93 Year 4: 10/01/2023 - 9/30/2024 19,722.00 1,829.36 28,430.82 2,626.93 Year 5: 10/01/2024 - 9/30/2025 20,311.00 1,829.36 29,279.91 2,626.93 Lessee shall pay all Rent without deduction to Lessor at the address set forth herein for mailing notices to Lessor, or at any other place or places that Lessor may from time to time designate by written notice given to Lessee.
(b) Notwithstanding Section 3.01(a) of this Lease, (i) Lessee shall make to Lessor a one-time payment in an amount equivalent to the monthly amount specified for Rent in Year 1 therein by no later than three (3) business days after the Effective Date; (ii) Lessee shall pay to Lessor NNN commencing on December 1, 2020; and (iii) also commencing on December 1, 2020 and throughout the Term, Lessee shall cause all utilities, including but not limited to water, sewer, electricity, gas, telephone and other communications services to be placed in its name and shall pay the same as required by each provider.
(c) Lessee agrees and hereby stipulates that the Premises are in good condition as of the date of this Lease; provided, however, that Lessor shall upgrade the bathrooms and linoleum floors in the Xxxx Drive building identified in Section 1.01(a) of this Lease, in accordance with Lessee’s reasonable requirements, and restore the HVAC system(s) in that same building to good working condition, by no later than December 1, 2020. Lessee shall, at Lessee’s sole cost, keep and maintain the Premises and appurtenances and every part thereof, including, but not limited to windows, doors and skylights, sidewalks adjacent to the Premises, the interior of the Premises, HVAC system, mechanical, electrical and plumbing systems in good working order and in sanitary orde...
