Minimum Monthly Rental. Tenant agrees to pay to Landlord as Minimum Monthly Rental (“MMR”), without prior notice or demand and without set off or deduction for the Premises the sum of Twenty seven thousand thirty six and 88/100 Dollars ($27,036.88), on or before the first (1st) day of the first full calendar month of the term hereof and a like sum on or before the first day of each and every successive calendar month thereafter during the period of the tenancy except that the first month’s rental shall be paid upon the execution hereof. If Tenant is granted occupancy prior to the Commencement Date then, (a) Tenant shall pay in advance an occupancy fee equal to one-thirtieth of the MMR amount for each day of such early occupancy, and (b) such early occupancy shall not affect the termination date of this Agreement.
Minimum Monthly Rental. Tenant agrees to pay to Landlord as minimum monthly rental, without prior notice or demand and without set off or deduction for the Premises the sum of Sixteen Thousand One Hundred Eighteen and 00/100 Dollars ($16,118.00), on or before the first (1st) day of the first full calendar month of the term hereof and a like sum on or before the first day of each and every successive calendar month thereafter during the period of the tenancy except that the first month’s rental shall be paid upon the execution hereof. If Tenant is granted occupancy prior to the Commencement Date then, (a) Tenant shall pay in advance an occupancy fee equal to one-thirtieth of the minimum monthly rental amount for each day of such early occupancy, and (b) such early occupancy shall not affect the termination date of this Agreement.
Minimum Monthly Rental. Tenant agrees to pay to Landlord as Minimum Monthly Rent for the Premises (“MMR”), without prior notice or demand and without set off or deduction the sum of Fifty One Thousand Nine Hundred Forty One and 76/100 Dollars ($51,941.76) commencing on the Rent Commencement Date in Section 1.8, and a like sum on or before the first day of each and every successive calendar month thereafter during the period of the tenancy except that the first month’s MMR shall be paid upon the execution hereof. If Landlord modifies the Building as set forth in Section 1.8, then the base MMR will be increased to Sixty Eight Thousand One Hundred Seventy Three and 56/100 ($68,173.56) upon the earlier of (i) the date Landlord substantially completes the Building modification, or (ii) Tenant has access to the Building. If Tenant is granted occupancy prior to the Rent Commencement Date then, (a) Tenant shall pay in advance an occupancy fee equal to one-thirtieth of the MMR amount for each day of such early occupancy, and (b) such early occupancy shall not affect the termination date of this Agreement. If Landlord modifies the Building pursuant to Section 1.8 and Tenant cannot enter the Building and occupy the whole or any part on account of Landlord’s modification, Tenant’s obligation to pay Rent shall be abated. Once Tenant can re-enter and re-occupy the Building, Tenant’s obligation to pay Rent will resume. The amount of Rent not paid by Tenant during the abatement period will be paid by Tenant in equal monthly installments, together with MMR, over the remaining Lease Term. Any Rent abatement resulting from Section 1.8 will not impact the Rent Adjustment Date.
Minimum Monthly Rental. Tenant shall pay to Landlord as minimum rental for the Premises, in advance, without deduction, offset, notice or demand, on or before the Direct Term Commencement Date and thereafter on or before the first day of each subsequent calendar month of the initial term of this Lease, the following amounts per month: Months Sq. Ft. PSF/mo Monthly 01/01/14-12/31/14 69,492 $3.25 $ 225,849.00 01101/15-12/31/15 69,492 $3.35 $ 232,798.20 01/01/16-12/31/16 69,492 $ 3.45 $ 239,747.40 01/01/17- 12/31/17 69,492 $3.55 $ 246,696.60
Minimum Monthly Rental. Lessee agrees to pay to Lessor during the full term hereof a minimum monthly rental of Dollars ($ ) (hereinafter referred to as the “Minimum Monthly Rental”), payable in advance on the first day of each calendar month. Said Minimum Monthly Rental shall commence thirty (30) days after the date of completion of the Improvements (as defined in Article 4.1 hereinbelow) to be erected an the Demised Premises or when Lessee opens for business, whichever date is earlier. If the first day upon which rent becomes payable is other than the first day of any calendar month, the rent for the balance of said month shall be payable by Lessee at a daily rate based upon the Minimum Monthly Rental.
Minimum Monthly Rental. Commencing on the Rent Commencement Date, and for the duration of the Lease Term, Tenant agrees to pay Landlord the minimum monthly rental specified as minimum monthly rental ("Minimum Monthly Rental") in Article 1(h) hereof, in advance, on the first day of each calendar month during each year of the term of this Lease, without notice, set off, reduction or abatement, subject to adjustment as set forth below. Notwithstanding the foregoing, Tenant shall pay one (1) full month's Minimum Monthly Rental to Landlord upon execution of this Lease to be applied toward the Minimum Monthly Rental payable for the first full calendar month following the Rent Commencement Date. If Tenant fails to faithfully perform the covenants and conditions of this Lease prior to the Rent Commencement Date. said monies may be applied to any damages suffered by Landlord as a result of Tenants default. If the Rent Commencement Date occurs on a day other than the first day of a month or the Lease terminates on a day other than the last day of a month then the installment of Minimum Monthly Rental for such month shall be prorated based on the number of days in such month. Nothing in this Article 4.1 shall in any way diminish or be construed as waiving any of Landlord’s other remedies by law or equity. The Minimum Monthly Base Rental Per ARTICLE 1 of the lease.
Minimum Monthly Rental. During the first full Lease Year (as hereinafter defined) of the term of this Lease, 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, and whether or not the work, if any, to be performed at the Commencement Date by Tenant shall be completed, the product of Two Dollars and 35/00 ($2.35) per square foot of Floor Area per month as rental for said Premises, said Minimum Monthly Rental to be payable in advance, upon the first day of each and every month during the term hereof, except that the monthly installment applicable to the first (1st) full calendar month of this Lease shall be payable upon execution of this Lease. In the event the Commencement Date is a day other than the first day of a month, then the Minimum Monthly Rental for the period from such Commencement Date until the first day of the month next following shall be prorated accordingly and paid on the Commencement Date. At the end of the twenty-fourth (24th) full calendar month, and after each successive twenty-fourth (24th) calendar month during the remainder of the primary term, the Minimum Monthly Rental shall be adjusted to equal the sum of (i) the Minimum Monthly Rental then in effect plus (ii) the product obtained by multiplying such amount by five percent (5%).
Minimum Monthly Rental. Lessee agrees to pay to Lessor during the ---------------------- full term hereof a minimum monthly rental of _________ __________________________________ Dollars ($_________) (hereinafter referred to as the "Minimum Monthly Rental"), payable in advance on the first day of each calendar month. Said Minimum Monthly Rental shall commence thirty (30) days after the date of completion of the Improvements (as defined in Article 4.1 herein-below) to be erected on the Demised Premises or when Lessee opens for business, whichever date is earlier. If the first day upon which rent becomes payable is other than the first day of any calendar month, the rent for the balance of said month shall be payable by Lessee at a daily rate based upon the Minimum Monthly Rental.
Minimum Monthly Rental. (i) 2071 Building. Tenant shall pay to Landlord as minimum rental for the Premises in the 2071 Building, in advance, without deduction, offset, notice or demand, on or before the earlier to occur of the Existing Premises Commencement Date or the Expansion Premises Commencement Date and thereafter on or before the first day of each subsequent calendar month of the initial term of this Lease, the following amounts per month: Months Sq Ft PSF/mo Monthly Minimum Rental 02/15/09-02/28/09 33,948 $ 3.00 $ 101,844.00 03/01/09-02/28/10 66,096 $ 3.00 $ 198,288.00 03/01/10-02/28/11 66,096 $ 3.09 $ 204,236.64 03/01/11 -02/29/12 66,096 $ 3.18 $ 210,185.28 03/01/12-02/28/13 66,096 $ 3.28 $ 216,794.88 03/01/13-02/28/14 66,096 $ 3.38 $ 223,404.48 03/01/14-02/28/15 66,096 $ 3.48 $ 230,014.08 03/01/15-02/29/16 66,096 $ 3.58 $ 236,623.68 03/01/16-08/31/16 66,096 $ 3.69 $ 243,894.24 The foregoing table assumes occurrence of the Expansion Premises Commencement Date on February 15, 2009 and of the Existing Premises Commencement Date on March 1, 2009. If either or both of such actual Commencement Dates differ from the assumed dates, then the table and the applicable date(s) for commencement of Tenant’s rental obligations as reflected therein shall be modified accordingly.
Minimum Monthly Rental. The minimum monthly rental specified as “Minimum Monthly Rental” in Article 1(h) hereof, shall commence on , the initial commencement date of the lease term, pursuant to Article 4.1 hereof, payable (See Exhibit “G”) in advance, on the first day of each calendar month during each year of the term of this lease, without notice, set off, reduction or abatement, subject to adjustment as set forth below. Notwithstanding the foregoing, Tenant shall pay February 2020 month’s rent to Landlord upon execution of this lease to be applied toward rent payable for the month of February 2020 and thereafter the rent shall be paid on the 1st day of each month at the full, non-prorated amount for the lease term. If Tenant fails to faithfully perform the covenants and conditions of this lease prior to possession of the premises, said monies shall be applied to any damages suffered by Landlord as a result of Tenant's default. Nothing in this Article 5.1 shall in any way diminish or be construed as waiving any of Landlord's other remedies by law or equity.
