Minimum Annual Rental. The minimum annual rental shall be one hundred sixty dollars ($160) for any area up to one hundred sixty (160) acres, and one dollar ($1) for each additional acre. (2-7-91)
Minimum Annual Rental. Tenant, in consideration of said demise, does hereby covenant and agree with Landlord to pay to Landlord without deduction or set-off of any kind, the sum of FIELD(MAR) per annum from the rental commencement date set forth in ARTICLE 3, through the first FIELD(#MO-1ST) months thereafter; FIELD(MAR2) per annum from the FIELD(COMMENC2) month after the rental commencement date through the FIELD(#MO-2ND) month thereafter, and FIELD(MAR3) per annum from the FIELD(COMMENC3) month after the rental commencement date through the expiration of this Lease term as minimum annual rental (the "Minimum Annual Rental") for said Leased Premises. The Minimum Annual Rental shall be payable in twelve (12) equal monthly installments, in advance, without notice or invoice from Landlord, upon the first day of each and every month during the term hereof, commencing upon the date on which rental is determined to commence under the provisions of ARTICLE 3 hereof and ending upon the termination date of this Lease. In the event such rental shall be determined under the provisions of ARTICLE 3 hereof to commence on a day other than the first day of a month, then the Minimum Annual Rental for the period from such commencement date until the first day of the month next following shall be prorated accordingly. All past due rentals, additional rentals, and/or other sums due to Landlord under the terms of this Lease shall bear interest at the maximum legal rate, from the the date thereof until paid by Tenant. All rentals in this Lease provided (those hereinafter stipulated as well as Minimum Annual Rental) shall be paid or mailed to: FIELD(PAY-ADDCO) X.X. Xxx XXXXX(XXXXX) Xxxxxxx, XX 00000 or to such other payee or address as Landlord may designate, in writing, to Tenant. Notwithstanding anything to the contrary contained in this Lease, in order to cover the extra expense involved in handling delinquent payments, Tenant, at Landlord's sole option, shall pay a "late charge" of $200.00 when any installment of rent (minimum, percentage or other, as may be considered additional rental under this Lease) is received at the address listed above more than five (5) days after the due date thereof. It is hereby understood that this amount is charged as additional rent, and not as penalty or interest, for the purpose of defraying Landlord's expenses incident to the processing of such overdue payment.
Minimum Annual Rental. Tenant shall pay the sum specified in Section 1. 12 ("Minimum Annual Rental") in the monthly installments specified, in advance, on or before the first (1st) day of each month, without prior demand and without offset or deduction, commencing on the Commencement Date. Should the Commencement Date be a day other than the first (1st) day of a calendar month, then the monthly installment of Minimum Annual Rental for the first partial month shall be equal to one-thirtieth (1/30th) of the monthly installment of Minimum Annual Rental for each day from the Commencement Date to the end of the partial month.
Minimum Annual Rental. 24 (a) From and after the Rental Commencement Date, Tenant shall pay to Landlord as the
Minimum Annual Rental a. Section 5a of the original Lease shall be of no further force or effect.
b. Section 5b of the original Lease shall be of no further force or effect.
c. Section 5c of the Original Lease shall be deleted in its entirety and replaced as follows: $230,000 + [75% x ([$230,000 x Adjustment Level/Base Level] - $230,000)] Notwithstanding anything to the contrary, no annual increase shall exceed three (3k) percent over the prior Lease Year.
d. Section 5d of the original Lease shall be deleted in its entirety and replaced as follows: Commencing as of the twenty-first (21st) Lease Year (so long as the applicable Extension(s) are exercised), the Minimum Annual Rental shall be adjusted annually on the basis of ninety (90%) percent of any increase in the cost of living as reported in the Consumer Price Index for All Urban Consumers (1967 = 100), "All Items" (the "Index"), published by the Bureau of Labor Statistics of the United States Department of Labor between the level in effect on January 1, 1998 (the "Base Level") and the level in effect on the first day of the twenty-first (21st) Lease Year and each Lease Year thereafter during the applicable Extension period (the "Adjustment Level"). The Minimum Rental shall be Two Hundred Thirty Thousand ($230,000) Dollars plus ninety (90%) percent of the difference of the product of Two Hundred Thirty Thousand ($230,000) Dollars multiplied by a fraction, the numerator of which is the Adjustment Level and denominator of which is the Base Level less Two Hundred Thirty Thousand ($230,000) Dollars. Stated as a mathematical formula, the Minimum Annual Rental after the twentieth Lease Year shall be computed as follows: $230,000 + [90% x ([$230,000 x Adjustment Level/Base Level] - $230,000)] Notwithstanding anything to the contrary, no annual increase shall exceed three (3%) percent over the prior Lease Year.
e. Section 5e of the Original Lease shall be deleted in its entirety.
f. Section 5f of the original Lease shall be modified by deleting all parts thereof prior to subpart (1) thereof, and replacing the same as follows: Commencing as of the Amendment Effective Date, if the amount equal to three (3%) percent of Tenant's Gross Sales (as defined below), during any Lease Year exceeds the Minimum Annual Rental for such Lease Year, Tenant shall pay Landlord the amount of such excess, plus applicable sales tax, for the first $10,000,000 of Gross Sales and two and one-half (2 1/2%) percent of all Gross Sales over $10,000,000, plus app...
Minimum Annual Rental. From and after the Rental Commencement Date Tenant shall pay to Landlord as “Minimum Annual Rental” the following sum(s) for each lease year during the Term in equal consecutive monthly installments:
(i) Rental Commencement Date and continuing through the Expiration Date: $ . “B” Rent: Beginning on the Rental Commencement Date through the lease year ending December 31, 20 , Tenant's payment of “B Rent” shall be Dollars ($ ) per square foot of the Floor Area in the Premises per annum. Commencing on January 1, 20 , and on each January 1st thereafter during the remainder of the Term, B Rent shall be increased by (_%) over the amount payable by Tenant for B Rent in the prior lease year [i.e., “B” Rent for 2020 shall be ($ ) per square foot of Floor Area in the Premises, “B” Rent for 20 shall be /100 Dollars ($ ) per square foot of Floor Area in the Premises, etc.]. Base Rent and “B” Rent shall collectively constitute “Minimum Annual Rental” under this Lease. Minimum Annual Rental is payable monthly, in advance, on or before the first day of each calendar month during the Term without prior demand or notice. In the event Tenant is obligated to pay Minimum Annual Rental for a period which is less than a calendar month, Minimum Annual Rental for that period shall be prorated on the basis the number of days in such period bears to the total number of days in the month in which such period occurs.
Minimum Annual Rental. Tenant agrees to pay as rental for the use and occupancy of the Premises the Minimum Annual Rental specified in Article 1. Tenant shall pay said rental in twelve (12) equal monthly installments during each year, in advance, on the first day of each calendar month, without setoff, deduction, prior notice or demand, commencing on a date ("Rent Start Date") which shall be the earlier of (a) ninety (90) days after Landlord delivers to Tenant the Notice of Substantial Completion described in Section 3.2 or (b) the date Tenant opens for business, unless a different date is specified in Article 1 or Exhibit H. Should the rental period commence on a day other than the first day of a calendar month, then the rental for such first fractional month shall be computed on a daily basis for the period from the date of commencement to the end of such calendar month and at an amount equal to one three-hundred sixtieth (1/360th) of the said annual rental for each such day, and thereafter shall be computed and paid as aforesaid.
Minimum Annual Rental. The Minimum Annual Rental during each Option Term shall be the amounts specified for such Option Term in Section 1.4
Minimum Annual Rental tenant shall pay as rental for the use and occupancy of the premise the minimum annual rental as set forth specified in Section 1(e) and Rider 1a, payable in advance, in twelve (12) equal monthly installments during each lease year, on the first day of each month without offset or deduction, except the first payment shall be made upon execution of this Lease. Should the Commencement Date be on a day other than the first day of a month, the rental for such fractional month shall be computed on a daily basis for the period from the Commencement Date to the end of such month, at an amount equal to one three-hundred-sixtieth (1/360) of the minimum annual rental for each day in such fractional month and shall be paid on the Commencement Date.
Minimum Annual Rental. Effective upon the Rent Commencement Date, Minimum Annual Rental hereunder shall be as set forth in Section 1.01(h) and payable in monthly installments in advance, without set off, on the first day of each month throughout the Lease Term at the office of Landlord, as set forth in Section 1.01(b), or at such other place designated by Landlord, without any prior demand. Minimum Annual Rental for any fractional month shall be prorated and payable in advance. A Fifty Dollar ($50.00) handling fee will be imposed on all Tenant checks returned to Landlord for insufficient funds, and all future payments due shall be made with certified funds or a cashiers check.
