Initial Annual Rent. Lessee shall pay to Lessor as rent for the Premises an Initial Annual Rent in the amount specified in Item 4 of the Basic Lease Provisions in equal monthly installments in the amount specified in Item 5 of the Basic Lease provisions in advance on the first day of each month.
Initial Annual Rent. (a) The GST-exclusive annual rent under the renewed lease immediately prior to the expiry of the renewed lease; or
(b) $320,760.00; whichever is higher
Initial Annual Rent. 2 3.1.1 Prepaid Rent .............................................2 3.2
Initial Annual Rent. The Initial Annual Rent for the Additional Space shall be a per sq.ft. amount equal to the per sq.ft. rent then payable under the terms of the Lease as to the Premises, multiplied by the total square footage in the Additional Space of 15,956 sq.ft. Rental installments for the Additional Space shall be adjusted at the same time and in the same manner as rental adjustments for the Premises. The rental adjustment effective January 1, 1998, shall be based upon the change in the index for the full prior 12 months so as to remain equal to the per sq.ft. rent payable under the Lease with respect to the Premises.
Initial Annual Rent. The Lessee shall pay the Initial Monthly Rental for the first month of the term of the Lease on the Rent Commencement Date. Commencing on the month immediately following the Rent Commencement Date, the Lessee shall pay to the Lessor in advance on the first day of each month, the Initial Monthly Rental installments for the remaining eleven (11) months in the first year of the term. In the event that the Rent Commencement Date is other than the first day of a month the rent for the second month of the term of this Lease shall be prorated. In the event that a portion of the Tenant Improvement Allowance to be provided by the Lessor, as described in the Development Agreement, remains unused after completion of the Tenant Improvements and the payment of all of the Tenant's Improvement Expenses, as defined in the Development Agreement, the rent payable by Lessee under the terms of this Lease for the initial term shall be reduced by the unused portion of the Tenant Improvement Allowance, multiplied by twelve percent (12%), ratably spread over the initial term. By way of example, if the unused portion of the Tenant Improvement Allowance was One Hundred Thousand Dollars, the rent reduction would be calculated as follows: Reduction in annual rent @ 12% (12,000.00 ) Reduction in monthly rent (1,000.00 ) Rent per the lease at $1.45 per sq. foot assuming 50,000 sq. feet (monthly) 72,500.00 1.45 / sq.ft Adjusted Rent if actual TI costs are $100,000 less than the allowance 71,500.00 1.43 / sq.ft.
Initial Annual Rent. Beginning on the Annual Rent Commencement Date, Tenant covenants and agrees to pay to Landlord Annual Rent in an annual amount equal to ______________ percent (______%) multiplied by the Total Cost, payable to Landlord in equal monthly installments in advance, on the first (1st) day of each month. Landlord and Tenant agree that prior to the Annual Rent Commencement Date they will endeavor to establish the Total Cost so that rent payable on the Annual Rent Commencement Date will be known prior to such date. However, if the exact amount of the Total Cost shall not have been finally ascertained prior to the Annual Rent Commencement Date, Tenant shall as of the Annual Rent Commencement Date pay Landlord rent based on an annual rent under the Lease determined by multiplying ___________ percent (____%) times $__________________________ (the Funding Limitation set forth in the Construction Addendum), and if, when the exact amount of the Total Cost shall have been ascertained (the "Final Disbursement Date"), such Total Cost is more or less than $_________________, Landlord or Tenant, as the case may be, shall promptly refund or remit to the other an amount equal to the excess rent paid or the underpayment of rent due. On the Final Disbursement Date, Landlord shall mail to Tenant a statement setting forth a schedule of funds disbursed by Landlord to Tenant under the Construction Addendum; shall compute the Annual Rent payable hereunder; and shall state the excess rent paid or underpayment of rent due. The Annual Rent set forth in such statement shall constitute the Annual Rent due hereunder.
Initial Annual Rent. Upon the actual Closing Date of any Lease(s), or upon the Scheduled Closing Date, whichever occurs first, Developer shall cease payment of the Development Fee or Delayed Closing Fee, as applicable, and pay to County Initial Annual Rent for the Project or Phase of Project as set forth in Schedule 3.1. The first payment of Initial Annual Rent shall be due upon or prior to the actual Closing Date or Scheduled Closing Date, whichever occurs first. Subsequent payments shall be due upon the anniversary of the actual Closing Date or Scheduled Closing Date, as applicable, without notice or demand from County (collectively, “Initial Annual Rent”).
Initial Annual Rent. As rental for the Premises, Tenant covenants and agrees to pay to Landlord the Initial Annual Rent set forth on the Rental Rider attached hereto and incorporated herein by this reference. Monthly installments of Initial Annual Rent shall be due and payable in advance, without setoff or deduction, on or before the first day of each calendar month at Landlord's Notice or Mail Address set forth in Article I. Upon execution of this l ease Tenant shall pay, in advance, the first full month's Initial Annual Rent as set forth on the Rental Rider and, if the Commencement Date shall be a date other than the first day of a calendar month, rental for the remainder of the month.
Initial Annual Rent. The Lessee shall pay to the Lessor as rent for the Premises an Initial Annual Rent in the amount specified in item 4 of the Basic Lease Provisions in equal monthly installments in the amount specified in item 5 of the Basic Lease Provisions in advance on the first day of each month. The Initial Annual Rent shall be payable beginning on the Commencement Date and continuing for a period of twelve (12) months from the Commencement Date. Thereafter, if Lessee remains in possession of the Initial or Intermediate Premises as provided in Paragraph 2, the Initial Annual Rent shall be adjusted as provided in Paragraph 3.5, and may be subject to further adjustment as provided in Paragraph 18. In no event shall Tenant be obligated to pay rent under this Lease with respect to the Intermediate Premises (other than Parcel C) at any time Tenant is obligated to pay rent for its premises in the New Building.
Initial Annual Rent. During the first Lease Year, Rent shall be paid in advance in the amount of Dollars ($ ) per year. Notwithstanding the foregoing, Lessee shall tender with the first such Rent payment, a prorated share of the first partial month of occupancy if the Rent Commencement Date and the first day of the first Lease Year are not the same date. At the beginning of each Lease Year thereafter, Rent shall be adjusted by either the CPI Adjustment (as hereinafter defined) or the Land Value (as hereinafter defined); provided that in no event will such adjustments ever cause the Rent for a Lease Year to be less than the Rent for the prior Lease Year.
