Common use of Fixed Rent Payments Clause in Contracts

Fixed Rent Payments. Tenant agrees to pay to Landlord, or as directed by Landlord, at Landlord's Original Address specified in Section 1.1 hereof, or at such other place as Landlord shall from time to time designate by notice, (1) (a) on the Rent Commencement Date (defined in Section 1.1 hereof) and thereafter monthly, in advance, on the first day of each and every calendar month during the Original Term, a sum equal to one twelfth (1/12th) of the Annual Fixed Rent (sometimes hereinafter referred to as "fixed rent") and (1) (b) on the Commencement Date and thereafter monthly, in advance, on the first day of each and every calendar month during the Original Term, a sum equal to one twelfth (1/12th) of $1.90 per annum for each square foot of Rentable Floor Area of Tenant's Space for electricity provided in, and subject to increase pursuant to Section 2.8 and (2) on the first day of each and every calendar month during the extension option period (if exercised), a sum equal to (a) one twelfth (1/12th) of the annual fixed rent as determined in Section 2.4.1 for the extension option period plus (b) then applicable monthly electricity charges (subject to increase for electricity as provided in Section 2.8 hereof). Until notice of some other designation is given, fixed rent and all other charges for which provision is herein made shall be paid by remittance to or for the order of Boston Properties Limited Partnership, Agents at X.X. Xxx 0000, Xxxxxx, Xxxxxxxxxxxxx 00000-0000, and all remittances received by Boston Properties Limited Partnership, as Agents as aforesaid, or by any subsequently designated recipient, shall be treated as payment to Landlord. Annual Fixed Rent for any partial month shall be paid by Tenant to Landlord at such rate on a pro rata basis, and, if the Rent Commencement Date is a day other than the first day of a calendar month, the first payment of Annual Fixed Rent which Tenant shall make to Landlord shall be a payment equal to a proportionate part of such monthly Annual Fixed Rent for the partial month from the Rent Commencement Date to the first day of the succeeding calendar month. In the event that Tenant commences occupancy of any portion of the Premises for the Permitted Uses prior to the Scheduled Term Commencement Date ("Tenant's Occupancy Commencement Date"), the Rent Commencement Date shall be the sixty first (61st) day immediately following the Tenant's Occupancy Commencement Date. In addition, beginning on the Rent Commencement Date determined as provided in the preceding sentence and continuing for the number of days equal to the number of days between the Tenant's Occupancy Commencement Date and the Scheduled Term Commencement (the "Applicable Number of Days"), as to fixed rent only, Tenant shall only be obligated to pay fixed rent at the rate of one half (1/2) of the contract fixed rent calculated on a daily basis for the Applicable Number of Days. Additional Rent payable by Tenant on a monthly basis, as hereinafter provided, likewise shall be prorated, and the first payment on account thereof shall be determined in similar fashion but shall commence on the Commencement Date; and other provisions of this Lease calling for monthly payments shall be read as incorporating this undertaking by Tenant. Notwithstanding that the payment of Annual Fixed Rent payable by Tenant to Landlord shall not commence until the Rent Commencement Date, Tenant shall be subject to, and shall comply with, all other provisions of this Lease as and at the times provided in this Lease. The Annual Fixed Rent and all other charges for which provision is herein made shall be paid by Tenant to Landlord, without offset, deduction or abatement except as otherwise specifically set forth in this Lease.

Fixed Rent Payments. Tenant agrees to pay to Landlord, or as directed by Landlord, at Landlord's Original Address specified in Section 1.1 hereof, or at such other place as Landlord shall from time to time designate by notice, (1) (a1)(a) on the Second Floor Premises Rent Commencement Date (defined in Section 1.1 hereof) with respect to the Second Floor Premises and on the Third Floor Premises Rent Commencement Date with respect to the Third Floor Premises, respectively, and thereafter monthly, in advance, on the first day of each and every calendar month during the Original Term, a sum equal to one twelfth (1/12th) of the applicable Annual Fixed Rent (sometimes hereinafter referred to as "fixed rent") and (1) (b) on the Commencement Date and thereafter monthly, in advance, on the first day of each and every calendar month during the Original Term, a sum equal to one twelfth (1/12th) of $1.90 1.00 per annum for each square foot of Rentable Floor Area of Tenant's Space for tenant electricity provided in, and subject to increase pursuant to escalation as provided in Section 2.8 and (2) on the first day of each and every calendar month during the extension option period (if exercised), a sum equal to (a) one twelfth (1/12th) of the annual fixed rent Annual Fixed Rent as determined in Section 2.4.1 for the extension option period plus (b) then applicable monthly electricity charges (subject to increase escalation for electricity as provided in Section 2.8 hereof). Until notice of some other designation is given, fixed rent and all other charges for which provision is herein made shall be paid by remittance to or for the order of Boston Properties Limited Partnership, Agents at X.X. Xxx 0000, Xxxxxx, Xxxxxxxxxxxxx 00000-0000, and all remittances received by Boston Properties Limited Partnership, as Agents as aforesaid, or by any subsequently designated recipient, shall be treated as payment to Landlord. Annual Fixed Rent for any partial month shall be paid by Tenant to Landlord at such rate on a pro rata basis, and, if the Rent Commencement Date is a day other than the first day of a calendar month, the first payment of Annual Fixed Rent which Tenant shall make to Landlord shall be a payment equal to a proportionate part of such monthly Annual Fixed Rent for the partial month from the Rent Commencement Date to the first day of the succeeding calendar month. In the event that Tenant commences occupancy of any portion of the Premises for the Permitted Uses prior to the Scheduled Term Commencement Date ("Tenant's Occupancy Commencement Date"), the Rent Commencement Date shall be the sixty first (61st) day immediately following the Tenant's Occupancy Commencement Date. In addition, beginning on the Rent Commencement Date determined as provided in the preceding sentence and continuing for the number of days equal to the number of days between the Tenant's Occupancy Commencement Date and the Scheduled Term Commencement (the "Applicable Number of Days"), as to fixed rent only, Tenant shall only be obligated to pay fixed rent at the rate of one half (1/2) of the contract fixed rent calculated on a daily basis for the Applicable Number of Days. Additional Rent payable by Tenant on a monthly basis, as hereinafter provided, likewise shall be prorated, and the first payment on account thereof shall be determined in similar fashion but shall commence on the Commencement Date; and other provisions of this Lease calling for monthly payments shall be read as incorporating this undertaking by Tenant. Notwithstanding that the payment of Annual Fixed Rent payable by Tenant to Landlord shall not commence until the Rent Commencement Date, Tenant shall be subject to, and shall comply with, all other provisions of this Lease as and at the times provided in this Lease. The Annual Fixed Rent and all other charges for which provision is herein made shall be paid by Tenant to Landlord, without offset, deduction or abatement except as otherwise specifically set forth in this Lease.