Common use of INITIAL TERM MINIMUM RENT Clause in Contracts

INITIAL TERM MINIMUM RENT. 2.1.1 Tenant shall pay to Landlord annual Minimum Rent which is equal to (i) $473,833.36 during the first twelve (12) month period of the Initial Term, and (ii) $485,833.36 during the next succeeding twelve (12) month period. All such Minimum Rent (as the same may be adjusted as hereinafter provided) shall be paid in equal monthly installments on the twenty-fifth (25") day of each calendar month.

Appears in 1 contract

Samples: Lease and Security Agreement (Iatros Health Network Inc)

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INITIAL TERM MINIMUM RENT. 2.1.1 During the first Lease Year of the Initial Term, Tenant shall pay to Landlord annual Minimum Rent which is equal to the amount of One Hundred Fifty-Four Thousand One Hundred Fifty-Eight and 41/100 Dollars (i$154,158.41) $473,833.36 during the first twelve (12) month period of the Initial Term, and (ii) $485,833.36 during the next succeeding twelve (12) month period. All such Minimum Rent (as the same may be adjusted as hereinafter provided) shall be paid payable in equal monthly installments on the twenty-fifth of Twelve Thousand Eight Hundred Forty Six and 53/100 Dollars (25") day of each calendar month$12,846.53).

Appears in 1 contract

Samples: Lease and Security Agreement (Sterling House Corp)

INITIAL TERM MINIMUM RENT. 2.1.1 During the Initial Term, Tenant shall pay to Landlord annual Minimum Rent which is equal to of Eight Million Three Hundred Twenty-Two Thousand Dollars (i$8,322,000) $473,833.36 during the first twelve (12) month period of the Initial Term, and (ii) $485,833.36 during the next succeeding twelve (12) month periodannually. All such Such Minimum Rent (as the same may be adjusted as hereinafter provided) with respect to each month shall be paid by wire transfer in advance and in equal monthly installments of Six Hundred Ninety-Three Thousand Five Hundred Dollars ($693,500) on the twenty-fifth (25") first business day of each such calendar month.

Appears in 1 contract

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

INITIAL TERM MINIMUM RENT. 2.1.1 Tenant shall pay to Landlord annual Minimum Rent which is equal to (i) $473,833.36 710,750.04 during the first twelve (12) month period of the Initial Term, and (ii) $485,833.36 728,750.04 during the next succeeding twelve (12) month period. All such Minimum Rent (as the same may be adjusted as hereinafter provided) shall be paid in equal monthly installments on the twenty-fifth (25"25th) day of each calendar month.

Appears in 1 contract

Samples: Hollyoke (Iatros Health Network Inc)

INITIAL TERM MINIMUM RENT. 2.1.1 During the first Lease Year of the Initial Term, Tenant shall pay to Landlord annual Minimum Rent which is equal to the amount of One Hundred Seventy Three Thousand Two Hundred Seventy-One and 36/100 Dollars (i$173,271.36) $473,833.36 during the first twelve (12) month period of the Initial Term, and (ii) $485,833.36 during the next succeeding twelve (12) month period. All such Minimum Rent (as the same may be adjusted as hereinafter provided) shall be paid payable in equal monthly installments on the twentyof Fourteen Thousand Four Hundred Thirty-fifth Nine and 28/100 Dollars (25") day of each calendar month$14,439.28).

Appears in 1 contract

Samples: Lease and Security Agreement (Sterling House Corp)

INITIAL TERM MINIMUM RENT. 2.1.1 During the Initial Term, Tenant shall pay to Landlord annual Minimum Rent which is equal to of Two Million Eight Hundred Forty-One Thousand Dollars (i$2,841,000) $473,833.36 during the first twelve (12) month period of the Initial Term, and (ii) $485,833.36 during the next succeeding twelve (12) month periodannually. All such Such Minimum Rent (as the same may be adjusted as hereinafter provided) with respect to each month shall be paid by wire transfer in advance and in equal monthly installments of Two Hundred Thirty-Six Thousand Seven Hundred Fifty Dollars ($236,750) on the twenty-fifth (25") first business day of each such calendar month.

Appears in 1 contract

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

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INITIAL TERM MINIMUM RENT. 2.1.1 During the Initial Term, Tenant shall pay to Landlord annual Minimum Rent which is equal to of Four Million Two Hundred Ninety-Three Thousand Dollars (i$4,293,000) $473,833.36 during the first twelve (12) month period of the Initial Term, and (ii) $485,833.36 during the next succeeding twelve (12) month periodannually. All such Such Minimum Rent (as the same may be adjusted as hereinafter provided) with respect to each month shall be paid by wire transfer in advance and in equal monthly installments of Three Hundred Fifty-Seven Thousand Seven Hundred Fifty Dollars ($357,750) on the twenty-fifth (25") first business day of each such calendar month.

Appears in 1 contract

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

INITIAL TERM MINIMUM RENT. 2.1.1 During the Initial Term, Tenant shall pay to Landlord annual Minimum Rent which is equal to of (ia) Nine Million Six Hundred Ninety Thousand Dollars ($473,833.36 during 9,690,000) annually for each Lease Year through and including the first twelve (12) month period of the Initial TermLease Year ending June 30, 2011, and (iib) Nine Million Five Hundred Four Thousand Dollars ($485,833.36 during the next succeeding twelve (129,504,000) month period. All such Minimum annually for each Lease Year thereafter, plus, in any Lease Year in which due, Development Rent (as the same may be adjusted as hereinafter provided) shall be paid in equal monthly installments on the twenty-fifth (25") day of each calendar month.as

Appears in 1 contract

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

INITIAL TERM MINIMUM RENT. 2.1.1 During the first Lease Year of the Initial Term, Tenant shall pay to Landlord annual Minimum Rent which is equal to the amount of One Hundred Fifty-One Thousand Three Hundred Seventeen and 65/100 Dollars (i$151,317.65) $473,833.36 during the first twelve (12) month period of the Initial Term, and (ii) $485,833.36 during the next succeeding twelve (12) month period. All such Minimum Rent (as the same may be adjusted as hereinafter provided) shall be paid payable in equal monthly installments on the twenty-fifth of Twelve Thousand Six Hundred Nine and 80/100 Dollars (25") day of each calendar month$12,609.80).

Appears in 1 contract

Samples: Lease and Security Agreement (Sterling House Corp)

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