Minimum Guaranteed Rental. Tenant shall pay to Landlord Monthly Minimum Guaranteed Rental payments stated to be due during the Lease Term under Section 1.1(o) of this Lease, in advance, on or before the first day of each calendar month during the Lease Term. As provided in Section 1.1(o), commencing on the first day of the seventh (7th) month of the Term, Minimum Guaranteed Rental shall be $20.00 per square foot, and shall continue at such rate until the first day of the month following the date on which Springfield Shoppes is fifty percent (50%) or more leased, inclusive of this lease. The total leasable square footage of the Shoppes shall be 20,000 sf. Landlord shall provide written notice to Tenant of the execution of any lease(s) pursuant to which Springfield Shoppes is fifty percent (50%) or more leased. Commencing on the first day of the month following the date of such written notice, Minimum Guaranteed Rental shall increase to Twenty-Five and no/100 Dollars ($25.00) per square foot, which Minimum Guaranteed Rental shall remain in place through the expiration of the Initial Term.
Minimum Guaranteed Rental. Beginning with the "Commencement Date" as defined in Article 3, and throughout the term hereof. Tenant agrees to pay to Landlord, or its agents, at the address first above written, or at any other place designated by Landlord, without offset, notice or deduction, a monthly rental payment of one thousand ($1,000.00) per month for the duration of this Lease. This monthly rental payment represents a fair market value for the rental of the Demised Premises. Said monthly installments are hereinafter referred to as "Minimum Guaranteed Rental."
Minimum Guaranteed Rental. During the Term of this Lease, Minimum Guaranteed Rental shall be as follows: Months 1-6 $ 15.00 $ 24,705.00 $ 2,058.75 Months 7-50% leased* $ 20.00 $ 32,940.00 $ 2,745.00 50% leased - 60 Months** $ 25.00 $ 41,175.00 $ 3,431.25 Months 6-10 $ 30.00 $ 49,410.00 $ 4,117.50 *Commencing on the first day of the seventh (7th) month of the Term, Minimum Guaranteed Rental shall be $20.00 per square foot, and shall continue at such rate until the date on which Springfield Shoppes is fifty percent (50%) leased, inclusive of this Lease. ** Commencing on the first day of the month following the date on which Springfield Shoppes is fifty percent (50%) leased, inclusive of this Lease, the Minimum Guaranteed Rental shall be $25.00 per square foot. The total leasable square footage of the Shoppes shall be 20,000 sf.
Minimum Guaranteed Rental. Tenant shall pay to Landlord Minimum Guaranteed Rental in monthly installments in the amount specified in Section 1.1(i) above. The first (1st) such monthly installment shall be due and payable, without notice or demand, on or before the date Tenant executes and delivers to Landlord this Lease, and subsequent installments shall be due and payable without notice or demand, on or before the first (1st) day of each succeeding calendar month during the Lease Term; provided, however, that, if the Commencement Date is a date other than the first (1st) day of a calendar month, there shall be due and payable, without notice or demand, on or before such date, as Minimum Guaranteed Rental for the balance of such calendar month, a sum equal to that proportion of the Minimum Guaranteed Rental specified for the first (1st) full calendar month as herein provided, which the number of days from the Commencement Date to the end of the calendar month during which the Commencement Date shall fall bears to the total number of days in such month.
Minimum Guaranteed Rental. The minimum guaranteed rental for the Seventh Amendment Extended Term shall be in the following applicable monthly amounts payable in advance on the first day of each month as provided in the Lease, as amended by this Seventh Amendment: 6/1/15 – 5/31/16 $ 272,678.40 6/1/16 – 5/31/17 $ 280,858.75 6/1/17 – 5/31/18 $ 289,284.51 6/1/18 – 5/31/19 $ 297,963.05 6/1/19 – 5/31/20 $ 306,901.94 6/1/20 – 5/31/21 $ 316,109.00 6/1/21 – 5/31/22 $ 325,592.27 6/1/22 – 5/31/23 $ 335,360.04 6/1/23 – 12/31/23 $ 345,420.84 Prior to June 1, 2015 Tenant shall continue to pay all minimum guaranteed rental as called for by the Sixth Amendment; provided, however, notwithstanding the foregoing, Tenant shall be entitled to an abatement of the minimum guaranteed rental for the seven (7) months of June through December of 2014 (the “Abatement Period”) in the total amount of the $1,158,883.20 (the “Abated Base Rent Amount”). If Tenant has already paid minimum guaranteed rentals for June of 2014, then Landlord shall refund the amount paid by Tenant for minimum guaranteed rental for June of 2014 within thirty (30) days after execution of this Seventh Amendment. Notwithstanding anything to the contrary set forth herein, Tenant shall not be entitled to receive the Abated Base Rent Amount during the continuance of an uncured default (after notice and the expiration of the applicable cure period) under the Lease, as amended hereby, provided that Tenant’s right to receive such Abated Base Rent Amount shall resume when and if such default is cured (and the Abatement Period shall be extended correspondingly) and Tenant shall be entitled to a credit in the amount of the then remaining and unapplied portion of the Abated Base Rent Amount, including the portion of the Abated Base Rent Amount not applied during any period of such default, against the next installment(s) of minimum guaranteed rental payable until such time as Tenant has been credited with the full amount of such unapplied Abated Base Rent Amount. Only minimum guaranteed rental shall be abated pursuant to this paragraph. All additional rent and other costs and charges specified in the Lease, as amended hereby, shall remain due and payable pursuant to the provisions of the Lease, as amended hereby. If under the Lease, Tenant is granted rent abatement (such as by way of example only, due to a casualty as provided in Article 17 of the Original Lease), the Abatement Period shall be extended for the period separate and apart from that allo...
Minimum Guaranteed Rental. Commencing on the Expansion Commencement Date, in addition to the Monthly Base Rent paid under the Lease, Tenant shall pay the amounts below for the Expansion Space: Term (Months) Annual Base Rental Rate/RSF Annual Base Rental Monthly Base Rent
Minimum Guaranteed Rental. 5 4.3 Intentionally Left Blank ...........................................5 4.4 Intentionally Left Blank ...........................................5 4.5 Intentionally Left Blank ...........................................5 4.6 Interest on Past Due Rentals .......................................5 4.7 Intentionally Left Blank ...........................................5 4.8 Late Charge; Returned Checks .......................................5
Minimum Guaranteed Rental. This agreement is irrevocable by Lessee for the fulI term hereof. Lessee acknowledges that the guaranteed minimum rental set forth herein is based upon the specialized nature of the Equipment and/or the specific terms of the lease of the Equipment, or such other factors which Lessor and Lessee acknowledge have been considered in the guaranteed minimum rental.
Minimum Guaranteed Rental. (a) Tenant shall pay to Landlord a “Minimum Guaranteed Rental” of FORTY TWO THOUSAND DOLLARS AND 00/100 ($42,000.00) per annum in twelve (12) equal monthly installments of THREE THOUSAND FIVE HUNDRED DOLLARS ($3,500.00). The first monthly installment shall be due and payable by Tenant on or before the Rent Commencement Date (except that if the Rent Commencement Date is on a day other than the first day of a calendar month, the first payment shall be an amount equal to that percentage of a monthly installment which the number of days remaining in such month, including the Rent Commencement Date, bears to the total number of days in such month) and thereafter monthly installments shall be due and payable by Tenant without notice on or before the first day of each succeeding calendar month throughout the Term.
