INITIAL TERM RENTAL Sample Clauses

INITIAL TERM RENTAL. The Lessee shall pay the Lessor rent for the Premises during the first year of the initial 3-year Lease term at the following rate: The sum of Eight Thousand And 00/100Dollars ($8,000.00) per annum, in equal monthly installments of And /100 Dollars ($ ). The annual rental rate for the first and each subsequent year of the initial term shall be in accordance with the following schedule. Initial Term Rental Rate Schedule Begin Date End Date Annual Rent Monthly Rent $ $ $ $ $ The annual rent throughout the entire lease term, including optional extensions, shall be payable in advance in monthly installments as shown above on the first day of each month, except for the month of July during which the monthly installment is not due until the 15th day. Said rental payments shall be made to Lessor at the address for notices hereinafter set forth.
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INITIAL TERM RENTAL. The Lessee shall pay the Lessor rent for the Premises during the first year of the initial 10-year Lease term at the following rate: The sum of Two Million Seven Hundred Seventy-One Two Hundred Fifty Dollars and 12/100. ($2,771,250.12) per annum, in equal monthly installments of Two Hundred and Thirty Thousand Nine Hundred and Thirty-Seven and 51/100 ($230,937.51). The annual rental rate for the first and each subsequent year of the initial term shall be in accordance with the following schedule. Annual increases of 2% shall apply to base rent, capital reserve and operating expenses. Initial Lease Term Rental Rate Schedule Begin Date End Date Base Rent Capital Reserve Operating Expenses Annual Rent Monthly Rent September 1, 2024 August 31, 2025 $1,924,866.08 $99,028.48 $747,355.56 $2,771,250.12 $230,937.51 September 1, 2025 August 31, 2026 $1,963,363.40 $101,009.05 $762,302.67 $2,826,675.12 $235,556.26 September 1, 2026 August 31, 2027 $2,002,630.67 $103,029.23 $777,548.72 $2,883,208.62 $240,267.39 September 1, 2027 August 31, 2028 $2,042,683.28 $105,089.82 $793,099.70 $2,940,872.80 $245,072.73 September 1, 2028 August 31, 2029 $2,083,536.95 $107,191.61 $808,961.69 $2,999,690.25 $249,974.19 September 1, 2029 August 31, 2030 $2,125,207.69 $109,335.44 $825,140.93 $3,059,684.06 $254,973.67 September 1, 2030 August 31, 2031 $2,167,711.84 $111,522.15 $841,643.75 $3,120,877.74 $260,073.14 September 1, 2031 August 31, 2032 $2,211,066.08 $113,752.60 $858,476.62 $3,183,295.29 $265,274.61 September 1, 2032 August 31, 2033 $2,255,287.40 $116,027.65 $875,646.15 $3,246,961.20 $270,580.10 September 1, 2033 August 31, 2034 $2,300,393.15 $118,348.20 $893,159.08 $3,311,900.42 $275,991.70 The annual rent throughout the entire lease term, including optional extensions, shall be payable in advance in monthly installments as shown above on the first day of each month, except for the month of July during which the monthly installment is not due until the 15th day. Said rental payments shall be made to Lessor at the address for notices hereinafter set forth.
Sample 1
INITIAL TERM RENTAL. The Team will pay all relocation related costs and fees including, but not limited to, Minor League Baseball and Pacific Coast League relocation fees, Minor League Baseball mandated start-up and pre-opening staff and marketing fees, and any mandated third-party relocation consulting fees. Until the Team’s relocation for the 2020 baseball season, the Team will assume the negative economic impact of operating the Team in its current home market that will occur once the Team’s relocation is announced publically. The Team will also pay all costs and expenses associated with the termination of the Team’s current contractual commitments in its home market-sponsorships, ballpark lease, concessionaire and merchandising agreement(s), etc. Beginning with the first year of the Initial Term, the Team will pay annual rent of $350,000 per year, with an increase to be determined every five years based on the average increase in the Consumer Price Index for All Urban Consumers over the previous five year period.
Sample 1
INITIAL TERM RENTAL. The Lessee shall pay the Lessor rent for the Premises during the first year of the initial 5-year Lease term at the following rate: The sum of Seventeen Thousand, Four Hundred Ninety And 00/100Dollars ($17,490.00) per annum, in equal monthly installments of One Thousand, Four Hundred Fifty Seven And 50/100 Dollars ($1,457.50). The annual rental rate for the first and each subsequent year of the initial term shall be in accordance with the following schedule. There are no annual increases. Begin Date End Date Annual Rent Monthly Rent January 1, 2016 December 31, 2016 $17,490.00 $1,457.50 January 1, 2017 December 31, 2017 $17,490.00 $1,457.50 January 1, 2018 December 31, 2018 $17,490.00 $1,457.50 January 1, 2019 December 31, 2019 $17,490.00 $1,457.50 January 1, 2020 December 31, 2020 $17,490.00 $1,457.50 The annual rent throughout the entire lease term, including optional extensions, shall be payable in advance in monthly installments as shown above on the first day of each month, except for the month of July during which the monthly installment is not due until the 15th day. Said rental payments shall be made to Lessor at the address for notices hereinafter set forth.
Sample 1
INITIAL TERM RENTAL. The Lessee shall pay the Lessor rent for the Premises during the first year of
Sample 1
INITIAL TERM RENTAL. The Lessee shall pay the Lessor rent for the Premises during the first year of the initial -year Lease term at the following rate: The sum of And /100 Dollars ($ _) per annum, in equal monthly installments of And /100 Dollars ($ ). The annual rental rate for the first and each subsequent year of the initial term shall be in accordance with the following schedule. Annual increases of XXX% shall apply to .
Sample 1

Related to INITIAL TERM RENTAL

  • CONTRACT TERM - RENEWAL In addition to any stated renewal periods in the Contract, any Contract or unit portion thereof let by the Commissioner may be extended by the Commissioner for an additional period(s) of up to one year with the written concurrence of the Contractor and Comptroller. Such extension may be exercised on a month-to-month basis or in other stated periods of time during the one year extension.

  • Initial Term and Renewal This Agreement shall become effective upon its execution and, shall have an initial term of five (5) years. Following the expiration of the initial term, the Agreement shall automatically renew for successive one-year terms until such time that the Agreement is terminated by either Party upon giving the other Party six (6) months’ written notice of termination.

  • Renewal Term If not sooner terminated, this Agreement shall renew at the end of the Initial Term and shall thereafter continue for successive annual periods, provided such continuance is specifically approved at least annually (i) by the Fund’s Board of Trustees or (ii) by a vote of a majority of the outstanding voting securities of the relevant portfolio of the Fund, provided that in either event the continuance is also approved by the majority of the Trustees of the Fund who are not interested persons (as defined in the 0000 Xxx) of any party to this Agreement by vote cast in person at a meeting called for the purpose of voting on such approval. If a plan under Rule 12b-1 of the 1940 Act is in effect, continuance of the plan and this Agreement must be approved at least annually by a majority of the Trustees of the Fund who are not interested persons (as defined in the 0000 Xxx) and have no financial interest in the operation of such plan or in any agreements related to such plan, cast in person at a meeting called for the purpose of voting on such approval.

  • Extended Term Tenant shall have the option to extend the Term for two (2) consecutive five (5) year periods (the "FIRST EXTENDED TERM" and "SECOND EXTENDED TERM", respectively) on all the terms and conditions contained in this Lease including, without limitation, continuation of the adjustment of the Base Rent on an annual basis as provided in Section 3.3 below (provided only that upon commencement of the First Extended Term the only remaining option to extend the Term shall be the Second Extended Term and upon exercise of the option with respect to the Second Extended Term, no further right to extend the Term shall exist). Tenant shall deliver, if at all, written notice of its exercise of the option ("OPTION NOTICE") to Landlord at least six (6) months but not more than one (1) year before the expiration of the Term or First Extended Term, as the case may be. In the event Tenant fails to deliver the applicable Option Notice within the time allowed, Landlord shall deliver written notice to Tenant of Tenant's failure to deliver the Option Notice, and Tenant shall then have thirty (30) days from receipt of such notice within which to deliver the Option Notice, if at all, to Landlord. In the event (and only in the event) that, Tenant fails to deliver an Option Notice to Landlord within such thirty (30) days, Tenant shall be considered to have elected not to extend the Term of this Lease and thereafter, Tenant shall have no further right to extend the Term of this Lease. References in this Lease to the "Term" shall include the initial Term of fifteen (15) years and shall, in addition, include the First Extended Term and the Second Extended Term, if applicable.

  • Vacating at End of Term; Renewal This Agreement does not automatically renew, and Owner is not obligated to renew it. Owner reserves the right to contract with others for the premises at any time, for occupancy commencing after the End Date. The parties mutually agree that Resident’s tenancy and right of occupancy will end automatically on the End Date and that this provision constitutes notice of termination on the End Date. Upon termination or expiration of this Agreement for any reason, Resident will immediately vacate and relinquish the bedroom space and entire apartment, and all of Owner’s fixtures, in a clean and sanitary condition, including removing all trash. Resident will pay all utility and service bills to the bedroom space and apartment (except those provided by Owner as specified above) and cancel all utility accounts in the name of Resident. Resident will return to Owner all keys issued to Resident by Owner. If all keys issued to Resident are not returned promptly to Owner, Resident will pay all costs associated with re-keying or reprogramming locks for the bedroom space and/or apartment, along with the cost of key replacement. If Resident fails to vacate the bedroom space and apartment by the end of the Term or upon earlier termination of the Agreement, Resident will pay an administrative fee in the amount of $300.00 plus agreed holdover charges equal to three (3) times the daily pro- rated housing charges during the Term (but not more than the amount provided by law), plus associated expenses, including attorneys’ fees as allowed by law. In no event after termination or expiration of this Agreement will it be deemed to be renewed or extended.

  • Initial Term The initial term will begin on the date set forth in the Contract documents or on the date the Contract is signed by all Parties, whichever is later.

  • Term; Renewal Subject to Section 4.02 hereof, this Agreement has a one-year term and shall continue in force until the first anniversary of the date hereof. Thereafter, this Agreement may be renewed for an unlimited number of successive one-year terms upon mutual consent of the parties. It is the Board’s duty to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

  • Renewal Terms Immediately following the Initial Term this Agreement shall automatically renew for successive one-year periods (a “Renewal Term”).

  • Renewal Contract Term Upon mutual written agreement, the Parties may renew this Contract, in whole or in part, for a Renewal Term not to exceed the Initial Contract Term, pursuant to the incorporated Special Contract Conditions.

  • Minimum Rent The defined term “Minimum Rent” set forth in Section 1.66 of the Lease is deleted in its entirety and replaced with the following:

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