Common use of INITIAL TERM MINIMUM RENT Clause in Contracts

INITIAL TERM MINIMUM RENT. During the first Lease Year of the Initial Term, Tenant shall pay to Landlord Minimum Rent equal to the amount of One Hundred Fifty-One Thousand Three Hundred Seventeen and 65/100 Dollars ($151,317.65) payable in equal monthly installments of Twelve Thousand Six Hundred Nine and 80/100 Dollars ($12,609.80).

Appears in 1 contract

Sources: Lease Agreement (Sterling House Corp)

INITIAL TERM MINIMUM RENT. During the first Lease Year of the Initial Term, Tenant shall pay to Landlord Minimum Rent equal to the amount of One Two Million Eight Hundred FiftyForty-One Thousand Three Hundred Seventeen and 65/100 Dollars ($151,317.652,841,000) payable annually. Such Minimum Rent with respect to each month shall be paid by wire transfer in advance and in equal monthly installments of Twelve Two Hundred Thirty-Six Thousand Six Seven Hundred Nine and 80/100 Fifty Dollars ($12,609.80)236,750) on the first business day of each such calendar month.

Appears in 1 contract

Sources: Master Lease and Security Agreement (Balanced Care Corp)

INITIAL TERM MINIMUM RENT. During the first Lease Year of the Initial Term, Tenant shall pay to Landlord Minimum Rent equal to the amount of One Hundred Fifty-Four Thousand One Thousand Three Hundred Seventeen Fifty-Eight and 65/100 41/100 Dollars ($151,317.65154,158.41) payable in equal monthly installments of Twelve Thousand Eight Hundred Forty Six Hundred Nine and 80/100 53/100 Dollars ($12,609.8012,846.53).

Appears in 1 contract

Sources: Lease Agreement (Sterling House Corp)

INITIAL TERM MINIMUM RENT. During the first Lease Year of the Initial Term, Tenant shall pay to Landlord Minimum Rent equal to the amount of One Four Million Two Hundred FiftyNinety-One Three Thousand Three Hundred Seventeen and 65/100 Dollars ($151,317.654,293,000) payable annually. Such Minimum Rent with respect to each month shall be paid by wire transfer in advance and in equal monthly installments of Twelve Three Hundred Fifty-Seven Thousand Six Seven Hundred Nine and 80/100 Fifty Dollars ($12,609.80)357,750) on the first business day of each such calendar month.

Appears in 1 contract

Sources: Master Lease and Security Agreement (Balanced Care Corp)

INITIAL TERM MINIMUM RENT. During the first Lease Year of the Initial Term, Tenant shall pay to Landlord Minimum Rent equal to the amount of One Hundred FiftySeventy Three Thousand Two Hundred Seventy-One Thousand Three Hundred Seventeen and 65/100 36/100 Dollars ($151,317.65173,271.36) payable in equal monthly installments of Twelve Fourteen Thousand Six Four Hundred Thirty-Nine and 80/100 28/100 Dollars ($12,609.8014,439.28).

Appears in 1 contract

Sources: Lease and Security Agreement (Sterling House Corp)

INITIAL TERM MINIMUM RENT. During the first Lease Year of the Initial Term, Tenant shall pay to Landlord Minimum Rent equal to the amount of One Hundred Fifty-One Thousand Eight Million Three Hundred Seventeen and 65/100 Twenty-Two Thousand Dollars ($151,317.658,322,000) payable annually. Such Minimum Rent with respect to each month shall be paid by wire transfer in advance and in equal monthly installments of Twelve Thousand Six Hundred Nine and 80/100 Ninety-Three Thousand Five Hundred Dollars ($12,609.80)693,500) on the first business day of each such calendar month.

Appears in 1 contract

Sources: Master Lease and Security Agreement (American Retirement Corp)

INITIAL TERM MINIMUM RENT. During the first Lease Year of the Initial Term, Tenant shall pay to Landlord Minimum Rent equal to the amount of One (a) Nine Million Six Hundred Fifty-One Ninety Thousand Three Hundred Seventeen and 65/100 Dollars ($151,317.659,690,000) payable in equal monthly installments of Twelve annually for each Lease Year through and including the Lease Year ending June 30, 2011, and (b) Nine Million Five Hundred Four Thousand Six Hundred Nine and 80/100 Dollars ($12,609.80).9,504,000) annually for each Lease Year thereafter, plus, in any Lease Year in which due, Development Rent (as

Appears in 1 contract

Sources: Master Lease and Security Agreement (American Retirement Corp)

INITIAL TERM MINIMUM RENT. During the first Lease Year of the Initial Term, Tenant shall pay to Landlord Minimum Rent equal to the amount of One Twelve Million Four Hundred Fifty-One Eight Thousand Three Hundred Seventeen and 65/100 Dollars ($151,317.6512,408,000) payable annually. Such Minimum Rent with respect to each month shall be paid by wire transfer in advance and in equal monthly installments of Twelve One Million Thirty-Four Thousand Six Hundred Nine and 80/100 Dollars ($12,609.80)1,034,000) on the first business day of each such calendar month."

Appears in 1 contract

Sources: Master Lease and Security Agreement (American Retirement Corp)