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. 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. During the Term of this Lease, Minimum Guaranteed Rental shall be as follows: Months 1-6 $ 15.00 $ 26,160.00 $ 2,180.00 Months 7-50% leased* $ 20.00 $ 34,880.00 $ 2,906.67 50% leased -60 Months** $ 25.00 $ 43,600.00 $ 3,633.33 *Commencing on the first day of the seventh (r) 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. 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. Tenant shall pay to Landlord Minimum Guaranteed Rental in monthly installments in the amounts specified in Section 1.1 (o) above. The number of installments of Minimum Guaranteed Rental included in the amount specified in Section 1.1(t) shall be due and payable on the execution of this Lease by Tenant and subsequent installments shall be due and payable on or before the first day of each calendar month during the Lease Term; provided that if the Commencement Date is a date other than the first day of a calendar month, there shall be due and payable 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 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. 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. Beginning with the "Commencement Date" as defined in Article 3, and throughout the term hereof. Lessee agrees to pay to Lessor, or its agents, at the address first above written, or at any other place designated by Lessor, without offset, notice or deduction, a monthly rental payment of two thousand eight hundred and fifty six ($2,856.00) per month for months (1-12), a monthly rental payment of two thousand nine hundred and forty one dollars and sixty eight cents ($2,941.68) per month for months (13-24), a monthly rental payment of three thousand and twenty nine dollars and ninety three cents ($3,029.93) per month for months (25-36). . This monthly rental payment represents a fair market value for the rental of the Demised Premises. Lessee's share of common area operating expenses are forty nine (49%) percent, common area operating to only include increases in property taxes and property insurance. (See Article 7) Said monthly installments are hereinafter referred to as "Minimum Guaranteed Rental."
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. The annual Minimum Guaranteed Rental for the Demised Premises is as follows: March 1, 2013 – February 28, 2014 $ 100,667.50 $ 8,388.96 March 1, 2014 – February 28, 2015 $ 103,687.53 $ 8,640.63 March 1, 2015 – February 29, 2016 $ 106,798.15 $ 8,899.85 In addition to the Minimum Guaranteed Rental set forth above, Tenant shall be responsible for payment of all State, County, and municipal Sales and Use Taxes applicable to the rent payable hereunder. Such taxes shall be paid at the same time as the monthly installment of Minimum Guaranteed Rental. This is a triple net lease.
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.
