Minimum Annual Rent. Tenant agrees to pay to Landlord the Minimum Annual Rent in equal monthly installments in the amount set forth in Section 1(d) (as increased at the beginning of each lease year as set forth in Section 1(d)), in advance, on the first day of each calendar month during the Term, without notice, demand or setoff, at Landlord's address designated at the beginning of this lease unless Landlord designates otherwise; provided that rent for the first full month shall be paid at the signing of this lease. If the Commencement Date falls on a day other than the first day of a calendar month, the rent shall be apportioned pro rata on a per diem basis for the period from the Commencement Date until the first day of the following calendar month and shall be paid on or before the Commencement Date. As used in this lease, the term "LEASE YEAR" means the period from the Commencement Date through the succeeding 12 full calendar months (including for the first lease year any partial month from the Commencement Date until the first day of the first full calendar month) and each successive 12 month period thereafter during the Term.
Minimum Annual Rent. Effective as of the Lease Commencement Date, Tenant agrees to pay to Landlord, Minimum Annual Rent, in the amounts provided in Section 1.1(k) hereof, payable in advance in equal successive monthly installments on the first day of each and every calendar month during the Term and the Renewal Term, if any; provided, however, Minimum Annual Rent shall be prorated for the applicable portion of the first and last month in which the same is due and payable.
Minimum Annual Rent. Lease Year ---------- Year 1 $409,860.00 per year Years 2 - 5 $815,621.40 per year Years 6 - 10 $897,593.40 per year
Minimum Annual Rent. 3 7. Operation of Property; Payment of Expenses............... 3 8. Signs.................................................... 4 9. Alterations and Fixtures................................. 5 10. Mechanics' Liens......................................... 5 11. Landlord's Right of Entry................................ 5 12. Damage by Fire or Other Casualty......................... 5 13. Condemnation............................................. 6 14. Non-Abatement of Rent.................................... 6 15.
Minimum Annual Rent. Tenant shall pay Minimum Annual Rent in twelve (12) equal monthly installments during the Lease Term, in advance, on the first day of each calendar month, without setoff, deduction, prior notice or demand. Notwithstanding anything to the contrary contained herein, if the initial opening of the Shopping Center has not occurred on or before September 1, 1998, it is agreed that after Tenant initially opens for business within the Premises and provided Tenant continuously remains open for business then the Minimum Annual Rent and Percentage Rent set forth in Article 1 shall be abated through December 31, 1998. During the time Minimum Annual Rent and Percentage Rent is abated, Tenant shall pay to Landlord the amount equal to five percent (5%) of Tenant's Gross Sales monthly in arrears on or before the twentieth (20th) day of each month, and further provided that during the period the Minimum Annual Rent and Percentage Rent is abated, Tenant shall pay all other charges called for in the manner provided for in this Lease. The provisions of this Section 4.2 shall in no event change or modify the Rent Commencement Date. However, in the event Tenant fails to open for business within the time limits set forth in Article 1, Tenant shall pay, in addition to the amounts required in Section 11.1, the Minimum Annual Rent and Percentage Rent set forth in Article 1 for every day Tenant is not open regardless of the provisions of this paragraph. Notwithstanding anything to the contrary contained herein, it is agreed that commencing on the thirtieth (30th) day following the date Tenant has opened for business and so long as Tenant continuously remains open for business, the Minimum Annual Rent set forth in Article 1 shall be abated until such time (the foregoing period is referred to as the "Initial Abatement Period") as there are initially open for business tenants occupying at least seventy percent (70%) of the total Floor Area available for Mall Tenants in the Shopping Center. Until such time as the aforementioned contingencies have been met, Tenant shall pay to Landlord the lesser of (i) the monthly Minimum Annual Rent otherwise payable or (ii) the amount equal to five percent (5%) of Tenant's Gross Sales monthly in arrears on or before the twentieth (20th) day of each month, and further provided that during said prior period Tenant shall pay all other charges called for in the manner provided for in this Lease except Minimum Annual Rent. The foregoing abatement shall in ...
Minimum Annual Rent. 8 Section 4.2
Minimum Annual Rent. Tenant shall pay each monthly installment of Minimum Annual Rent during the Lease Term, in advance, on the first day of each calendar month, without setoff, deduction, prior notice or demand. If the Rent Commencement Date is other than the first day of a calendar month, then the Minimum Annual Rent for such fractional month shall be computed on a daily basis in an amount equal to one-thirtieth (1/30th) of the monthly installment of Minimum Annual Rent.
Minimum Annual Rent. December 1, 1996 - June 30, 1997 $212,271.15* July 1, 1997 - June 30, 1998 = $382,554.60** July 1, 1998 - June 30, 1999 = $391,885.20*** July 1, 1999 - June 30, 2000 = $401,215.80**** July 1, 2000 - June 30, 2001 = $410,546.40*****
Minimum Annual Rent. 7. Operation of Property; Payment of Expenses..............................................
Minimum Annual Rent. The minimum Annual Rent reserved hereunder shall be as specified in Section 1(a)(8) which shall be payable by Tenant to the Landlord during each Lease Year of the Lease Term in twelve (12) equal monthly installments of Basic Monthly Rent each as specified in Section (a)(9), due in advance, without notice or demand, and without set-off, deduction or abatement of any kind, on the first day of every calendar month thereafter during the Term. Rent shall be paid to Landlord (or its agent) as specified in Section 1(a)(18), or to such other persons or at such other address as Landlord may designate from time to time.
