Guaranteed Minimum Monthly Rental. Tenant shall pay to Landlord, during the term of this Lease from and after the Commencement Date as Guaranteed Minimum Monthly Rental ("GMMR") for the Demised Premises the sum specified in Section 1.8 hereof, which sum shall be paid in advance on the first (1st) day of each calendar month. Tenant, contemporaneously with the execution of this Lease, shall deliver to Landlord GMMR for one calendar month, which shall be applicable to the initial month following the Commencement Date, the receipt of which is hereby acknowledged by Landlord. In the event the Commencement Date does not occur on the first (1 st) day of a calendar month, the GMMR for the initial fractional month shall be prorated as of the Commencement Date on a per diem basis (calculated on the basis of a thirty (30) day month) and any additional GMMR shall be credited against the GMMR for the first full calendar month following the Commencement Date. All rental to be paid by Tenant to Landlord shall be in lawful money of the United States of America and shall be paid without deduction or offset, prior notice or demand at the address designated in Section 1.12 hereof. The rent is not based on a price per square footage for the rental unit.
Guaranteed Minimum Monthly Rental. Commencing as of the commencement date as contemplated in Section 3.1 and during the remainder of the term of this Lease, Tenant shall pay to Landlord as Guaranteed Minimum Monthly Rental for the demised premises the applicable sum set forth in Section 1.7 above, which sum shall be paid in advance on the first day of each calendar month. If the term of this Lease commences on a day other than the first day of a calendar month, Tenant shall pay Guaranteed Minimum Monthly Rental in advance for such fractional month prorated based upon the remaining days in such fractional month as compared to the total number of days in such month. All rental to be paid by Tenant to Landlord shall be paid without deduction, offset, prior notice or demand to the address provided in Article 28.
Guaranteed Minimum Monthly Rental. Tenant shall pay to Landlord during term of this lease a minimum monthly rental for the demised premises in the sum of $3,402 per month, on the 1st day of each month, which sum shall be paid in lawful money of the United States of America, and shall be paid without deduction or offset prior to notice or demand, at the address designated in Article 29. Any rent payment not paid within five (5) days of its due date shall be subject to a five (5%) percent late charge. Tenant shall operate the business in a first-class manner and shall at all times maintain the business and premises in a neat and clean condition.
Guaranteed Minimum Monthly Rental. (I) During the first year of the Lease Term, Tenant shall pay to Landlord the GMMR set forth in Section 1(J) per month, which amount is based on the square footage of the floor area set forth in Section 1(C). If the actual square footage is different than such amount, then the GMMR shall be adjusted such that Tenant shall pay the same rent per square foot as set forth above. The actual square footage of the Premises shall be determined by Landlord’s architect and/or engineer. The GMMR shall be paid in advance on the first day of each calendar month. ALL RENT (as defined in Section 4(E)) TO BE PAID BY TENANT TO LANDLORD SHALL BE PAID WITHOUT DEDUCTION OR OFFSET, PRIOR NOTICE OR DEMAND AT THE ADDRESS DESIGNATED IN SECTION 28. THE DUE DATE OF GMMR IS THE FIRST (1ST) DAY OF EACH CALENDAR MONTH.
(II) GMMR Abatement. The GMMR Abatement Period shall be the time period between the Delivery Date and the Term Commencement Date, during which time Tenant is required to pay only the Additional Rental, as defined in Section 4(B).
Guaranteed Minimum Monthly Rental. Lessee shall pay to Lessors during the term of this Lease, beginning on the date of occupancy and continuing through the expiration of this Lease, the annual rental of Eight Hundred Twenty-Two Thousand Four Hundred Forty-Five Dollars and Eight Cents ($822,445.08) paid in equal monthly installments of Sixty-Eight Thousand Five Hundred Thirty-Seven Dollars and Nine Cents ($68,537.09) in advance on the first day of each and every month during the term of this Lease ("Guaranteed Monthly Rental"). If the Guaranteed Monthly Rental is not received by Lessors within ten (10) days of its due date, it is in default. Any Guaranteed
Guaranteed Minimum Monthly Rental a. Beginning on March 1, 2014 (the “Rent Adjustment Date”), the Guaranteed Minimum Monthly Rental payable by Tenant for the Premises shall be payable by Tenant in accordance with the rent schedule set forth below. Notwithstanding the provisions of this Section 3.a, until the Rent Adjustment Date, Tenant shall continue to pay Guaranteed Minimum Monthly Rental for the Premises in accordance with the provisions of Article 1.7 of the Original Lease, as amended by Section 4 of the First Amendment.
b. Provided Tenant is not in default under the Lease (after expiration of any applicable notice and cure periods expressly set forth in the Lease) as of the first day of each applicable Partial Rent Abatement Month (defined below), and subject to the remaining terms and conditions of this Section 3.b, Tenant’s obligation to pay Guaranteed Minimum Monthly Rental shall be partially abated during the months of May 2017, June 2017, September 2020 and October 2020 (each, a “Partial Rent Abatement Month”) such that Tenant shall only be obligated to pay 50% of the Guaranteed Minimum Monthly Rental otherwise payable during such Partial Rent Abatement Month (the “Abated Rent”). Landlord’s agreement to partially xxxxx Guaranteed Minimum Monthly Rental during the Partial Rent Abatement Months is hereinafter referred to as an “Inducement Provision” and shall be deemed conditioned upon Tenant’s full and faithful performance of all of the terms, covenants and conditions of the Lease, as amended herein, to be performed or observed by Tenant during the Lease Extension Term, as amended herein and as the same may be extended. Upon the occurrence of an event of default under the Lease by Tenant and the failure of Tenant to timely cure such default after notice and opportunity to cure as set forth in the Lease, such Inducement Provision shall automatically be deemed deleted from this Lease and of no further force or effect, and Tenant shall pay to Landlord, as Additional Rental under the Lease together with the next installment of Guaranteed Minimum Monthly Rental payable by Tenant, an amount equal to the product of (a) the quotient of (i) the total Abated Rent realized as of the date on which the event of default has occurred, divided by (ii) 72, multiplied by (b) the number of months then remaining in the Lease Extension Term, as amended herein (i.e., the period from the month in which such event of default occurred until December 2023). The acceptance by Landlord of rent or the cure o...
Guaranteed Minimum Monthly Rental. Tenant shall pay to Landlord during the term of this Lease, beginning on or before January 1, 1994 and including each month thereafter through December 31, 1998 the sum of FOURTEEN THOUSAND SEVENTY ONE DOLLARS AND 87/100 ($14,071.87) per month as Minimum Monthly Rental for the demised premises. Tenant shall pay to Landlord prior to January 1, 1994 the Following Sum: FORTY TWO THOUSAND TWO HUNDRED FIFTEEN DOLLARS AND 61/100 ($42,215.61) as advance rent payments representing the 1st three months rent payable in advance. Beginning April 1994 and continuing through the expiration of this lease ending December 31, 1998 the following sum: FOURTEEN THOUSAND SEVENTY ONE DOLLARS AND .87/100 ($14,071.87) per month, which sum shall be paid in .advance on the first day of each calendar month. If and at which earlier time Landlord is able to deliver possession on all or part of the said premises to Tenant prior to commencement date originally stated in paragraph 3 above of this Lease, then commencement date shall begin at that early time and Tenant shall then begin paying Lease payments to Landlord at that time. The sum of the Lease payments and the sum of the advance Lease payments as stated in this paragraph will stay the same, except if commencement begins prior to that date stated in paragraph 3 payments will begin upon commencement. All rental to be paid by Tenant to Landlord shall be in lawful money of the United States of America and shall be paid without deduction or offset, except as provided below and without prior notice or demand. The due date of Guaranteed Minimum Monthly Rental is the first day of each calendar month. If the Guaranteed Monthly Rental is not received by Landlord within ten (10) days of its due date, it is in default. Any Guaranteed Minimum Monthly Rent in default shall be subject to an additional charge of five percent (5%) per month on the unpaid balance thereof as a late charge. In addition to Guaranteed Rent, Tenant agrees to pay any excise, privilege or sales taxes or any tax levied on the rental or the receipt thereof, except Landlord's income tax.
Guaranteed Minimum Monthly Rental. Tenant shall pay to Landlord during the term of this Lease, beginning on or before March 1, 1994 and including each month thereafter through November 30, 1998 the sum of FOURTEEN THOUSAND SEVENTY ONE DOLLARS AND 87/100 ($14,071.87)per month a minimum monthly rental for the demised premises. Landlord hereby acknowledges receipt from Tenant the sum Of FORTY TWO THOUSAND TWO HUNDRED FIFTEEN DOLLARS AND 611100 ($42,215.61) representing the first three (3) months rent payable in advance, beginning December, 1993 and continuing through. February, 1994. Beginning March 1, 1994 and continuing through the expiration of this Lease ending November 30,1998 the following sum: FOURTEEN THOUSAND SEVENTY ONE DOLLARS AND 87/100 ($14,071.87) per month, which sum shall be paid in advance on the first day of each calendar month.
Guaranteed Minimum Monthly Rental. In exchange for Tenant improvements completed and paid for by Tenant, Landlord agrees to give credit to Tenant by reducing the guaranteed minimum monthly rental as follows upon Tenant providing Landlord lien waivers for all work completed: Now then, Tenant shall pay to Landlord during the term of this Lease, beginning on or before March 1, 1994 and including each Month thereafter through November 30, 1998 the sun of THIRTEEN THOUSAND FIVE HUNDRED FORTY FIVE DOLLARS AND 56/100 ($13,545.56) per month as minimum monthly rental for the demised premises which sum shall be paid in advance on the 1st day of each calendar month.
Guaranteed Minimum Monthly Rental. Tenant shall pay to Landlord during the term of this Lease as guaranteed minimum monthly rental for the Premises the sum of Five Thousand Eight Hundred Fifty and no/100 ($5,850.00) Dollars per month. Should the term of this Lease not commence on the first day of a calendar month, the term of this Lease shall be extended for such fractional month. In that event, Tenant shall pay rent in advance for such fractional month on a per diem basis (calculated on the basis of a thirty (30) day month) until the first day of the next month, and thereafter the guaranteed minimum monthly rental shall be paid in equal installments on the first day of each and every month in advance. All amount to be paid by Tenant to Landlord under this Lease shall be in lawful money of the United States of America and shall be paid without deduction or offset, prior notice or demand at the address designated in Article 30. Any payment due from Tenant to Landlord not paid within thirty (30) days of its due date shall be subject to a five percent (5%) late charge.
