Common use of Minimum Monthly Rental Clause in Contracts

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 (“MMR”)minimum monthly rental, without prior notice or demand and without set off or deduction for the Premises the sum of One Hundred Twenty seven thousand thirty six Thousand Six Hundred Twenty Six and 88/100 80/100 Dollars ($27,036.88120,626.80), 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 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.