Flat Monthly Lease Payments Sample Clauses

Flat Monthly Lease Payments. During the Term, commencing on the first day of the first full calendar month following the Effective Date (with a pro rata monthly payment being paid on the Effective Date for that portion of the month in which the Effective Date occurs that is part of the Term), and on the first day of each full calendar month thereafter until the thirtieth(30th) anniversary of the Effective Date, the Lessee will pay to the City a fixed monthly payment of Four Hundred Sixty-Seven Thousand Six Hundred Seventy-Six Dollars ($467,676), with no monthly adjustments, increases or escalators (the “Monthly Lease Payments”). The Monthly Lease Payments due to the City pursuant to this Section 3.2 shall be prorated for any partial month during the Term based upon the actual number of days in the applicable month during which this Operating Lease is in effect. The Lessee shall pay such amounts to such account or accounts as the City shall direct. The Monthly Lease Payments shall be paid by the Lessee without demand, deduction or offset. The obligations to make the Monthly Lease Payments hereunder shall in no event extend beyond the thirtieth (30tI) anniversary of the Effective Date.