Minimum Rent and Adjustments to Minimum Rent. Lessee shall pay to -------------------------------------------- Lessor, without notice, demand, set off (except as set forth in Section 30.2 or Article 32 hereof) or counterclaim, in advance in lawful money of the United States of America, at Lessor's address set forth herein or at such other place or to such other person, firms or corporations as Lessor from time to time may designate in writing, Minimum Rent, as adjusted annually pursuant to Section 2.1(b) during the Term, as follows:
Minimum Rent and Adjustments to Minimum Rent. Lessee shall pay to Lessor without notice, demand, set off (except as set forth in Section 30.2 or Article XXXII hereof) or counterclaim, in advance in lawful money of the United States of America, at Lessor's address set forth herein or at such other place or to such other person, firms or corporations as Lessor from time to time may designate in writing, Minimum Rent, as adjusted annually pursuant to Section 2.1(b) during the Term, as follows:
Minimum Rent and Adjustments to Minimum Rent. Commencing upon the Commencement Date and during the Term hereof, Tenant shall pay to Landlord, without notice, demand, set off or counterclaim, in advance in lawful money of the United States of America, at Landlord’s address set forth herein or at such other place or to such other person, firms or corporations as Landlord from time to time may designate in writing, the Minimum Rent, as adjusted annually pursuant to Section 2.1(b) hereof during the Term or as may be adjusted pursuant to Section 2.1(c) hereof during the Term. Landlord and Tenant agree that, upon the execution of this Lease, the minimum rent amounts payable to Landlord in each Lease year as set forth on Exhibit C are only estimated minimum rents based upon the Preliminary Project Budget attached hereto as Exhibit I. Landlord and Tenant shall finalize the Final Construction Documents for the Project and the Final Project Budget in accordance with the terms of the Work Letter attached hereto as Exhibit G. The parties stipulate and agree the Final Project Budget may be amended and increased by mutual agreement of Landlord and Tenant if costs increase due to changes in the rules, regulations or policies of the Texas Department of State Health Services (“TDSHS”) after the date the parties agree on the Final Project Budget, and both parties agree to act in a good faith, commercially reasonable manner with respect to any such agreement. The term “Minimum Rent” used throughout this Lease shall be determined as set forth in Sections 2.1(a) and 2.1(b) below. The Minimum Rent shall be payable in advance in twelve (12) equal, consecutive monthly installments, on the first day of each calendar month of the Term. Minimum Rent shall be prorated as to any partial month, and is subject to adjustment as provided in Section 2.1(b) below. Minimum Rent shall commence on the Commencement Date and shall be prorated on a daily basis if the Commencement Date is not the first day of a month for the remainder of that month. Rent shall be payable at such address as Landlord may designate from time to time by written notice to Tenant.
Minimum Rent and Adjustments to Minimum Rent. Commencing upon the Commencement Date and during the Term hereof, Tenant shall pay to Landlord, without notice, demand, set off or counterclaim, in advance in lawful money of the United States of America, the Minimum Rent, as adjusted annually pursuant to Section 2.1(b) hereof during the Term or as may be adjusted pursuant to Section 2.1(c) hereof during the Term. Landlord and Tenant agree that, upon the execution of this Lease, the minimum rent amounts payable to Landlord in each Lease year as set forth on Exhibit C are only estimated minimum rents based upon a Preliminary Project Budget. Landlord and Tenant shall finalize the Final Construction Documents for the Project and the Final Project Budget in accordance with the terms of the Work Letter attached hereto as Exhibit E. The term “Minimum Rent” used throughout this Lease shall be determined as set forth in Sections 2.1(a) and 2.1(b) below. The Minimum Rent shall be payable in advance in twelve (12) equal, consecutive monthly installments, on the first day of each calendar month of the Term. Minimum Rent shall be subject to adjustment as provided in Section 2.1(b) below. Minimum Rent shall commence on the Commencement Date and shall be prorated on a daily basis if the Commencement Date is not the first day of a month for the remainder of that month. Rent shall be payable at such address as Landlord may designate from time to time by written notice to Tenant.
Minimum Rent and Adjustments to Minimum Rent. (a) Tenant agrees to pay to Landlord the minimum rent, without notice or demand, in advance, on or before the first day of each and every successive calendar month during the Lease Term, commencing on the Lease Term Commencement Date, except the first month's rent shall be paid upon the execution hereof.
Minimum Rent and Adjustments to Minimum Rent. .... 2 -------------------------------------------- 2.2 Calculation of Increases to Minimum Rent ........... 3 ---------------------------------------- 2.3
Minimum Rent and Adjustments to Minimum Rent. 2 2.2 CALCULATION OF INCREASES TO MINIMUM RENT . . . . 3 2.3
Minimum Rent and Adjustments to Minimum Rent. 2 2.2 [INTENTIONALLY DELETED]............................... 2 2.3
Minimum Rent and Adjustments to Minimum Rent. Lessee shall pay to Lessor, without notice, demand, set off or counterclaim, in advance in lawful money of the United States of America, at Lessor's address set forth herein or at such other place or to such other person, firms or corporations as Lessor from time to time may designate in writing, Minimum Rent (the "Minimum Rent") for the Leased Property, in the annual sum of $453,900.00 payable in advance in twelve (12) equal, consecutive monthly installments of $37,825.00 each, on the first day of each calendar month of the Fixed Term. Minimum Rent shall be prorated as to any partial month, and is subject to adjustment for each Extended Term as provided in Article XXXIV.
Minimum Rent and Adjustments to Minimum Rent. 2 2.2 CALCULATION OF INCREASES TO MINIMUM RENT...................................................2 2.3
