Monthly Rental. 6.1 The monthly rental payable by the Lessee in respect of the leased premises shall be the area of the leased premises multiplied by R .00 ( ) (excluding Vat) per square metre.
6.2 The monthly rental shall escalate at a rate of % per annum compounded, on each anniversary of the commencement date during the period of the lease.
Monthly Rental. The Lessee agrees to pay Lessor a base Monthly Rent during the term of this Lease in accordance with the Rent Schedule as detailed in Exhibit A. The rental payments provided for herein shall be due and payable by Lessee in advance on the first day of the month for which said rentals are due. This Lease is made and entered into in accordance with and subject to the provisions of the Texas Constitution and the Texas Government Code, Title 10, Subtitle D, and is made contingent upon the continuation of the availability of money appropriated by the legislature to pay for the Lease. In the event the Legislature or the Executive Branch of the State of Texas cease to fund the Lease, or the agency ceases to exist as a result of the Legislative sunset review process, then the Texas Facilities Commission, hereinafter referred to as Commission, may assign another state agency to the space, or a part thereof, covered by this Lease. Should the Commission be unable to find another State agency or agencies to fill, or partially fill the space, the Commission, upon written notice to the Lessor, may terminate this Lease.
Monthly Rental. The Annual Rent shall be payable in equal monthly installments (hereinafter called the "Monthly Rent") in advance on the first day of each calendar month during the Term. If the Term commences on any day other than the first (1st) or ends on any day other than the last of a calendar month, rent for the fraction of a month at the commencement and at the end of the Term shall be prorated at a rate per day equal to 1/365th of the Annual Rent payable. The Annual Rent and the Monthly Rent may be varied based on the actual area of the Leased Premises as certified by the Landlord.
Monthly Rental. (a) Tenant shall pay to Landlord throughout the term of this Lease annual rental as set forth below, payable in equal monthly rental installments payable in advance on the first day of each month during every year of the term hereby demised in lawful money of the United States, without deduction or offset whatsoever, to Landlord or to such other firm as Landlord may from time to time designate in writing. Said rental is subject to adjustments as provided hereinbelow. If this Lease commences on a day other than the 2 first day of a calendar month, the monthly rental for the fractional month shall be appropriately prorated. The annual and monthly rental, subject to adjustment as hereinafter provided, is as follows: Lease Base Rent Year $/RSF/Yr. Annual Monthly ---- --------- ------ ------- One $12.25 $713,709.50 $59,475.79 Two $12.62 $735,120.79 $61,260.07 Three $13.00 $757,174.41 $63,097.87 Four $13.39 $779,889.64 $64,990.80 Five $13.79 $803,286.33 $66,940.53
(b) Tenant recognizes that late payment of any rent or other sum due hereunder from Tenant to Landlord will result in administrative expense to Landlord, the extent of which additional expense is extremely difficult and economically impractical to ascertain. Tenant therefore agrees that if rent or any other payment due hereunder from Tenant to Landlord remains unpaid ten (10) days after said amount is due, the amount of such unpaid rent or other payment shall be increased by a late charge to be paid to Landlord by Tenant in an amount equal to five percent (5%) of the amount of the delinquent rent or other payment. The amount of the late charge to be paid to Landlord by Tenant for any month shall be computed on the aggregate amount of delinquent rents and other payments, including all accrued late charges then outstanding, and shall be deemed to be rental for all purposes hereunder. Tenant agrees that such amount is a reasonable estimate of the loss and expense to be suffered by Landlord as a result of such late payment by Tenant and may be charged by Landlord to defray such loss and expense. The provisions of this paragraph in no way relieve Tenant of the obligation to pay rent or other payments on or before the date on which they are due, nor do the terms of this paragraph in any way affect Landlord's remedies pursuant to Paragraph 18 of this Lease in the event said rent or other payment is unpaid after the date due.
(c) The monthly rental payable hereunder shall be subject to adjustment each calendar...
Monthly Rental. Commencing on the Lease Commencement Date (subject, however, to any modifications or adjustments specified hereinbelow and/or in the "Rent Schedule" attached hereto as EXHIBIT D) Tenant shall pay to Landlord during the Term, rental for the entire Term in the total amount as set forth in EXHIBIT D payable in monthly installments (the "Monthly Rental") in the amount set forth in EXHIBIT D, which sum shall be payable by Tenant on or before the first day of each month, in advance, without further notice, at the address specified for Landlord in Section I., or such other place as Landlord shall designate, without any prior demand therefor and without any abatement, deduction or setoff whatsoever. If the Lease Commencement Date should occur on a day other than the first day of a calendar month, or the Expiration Date should occur on a day other than the last day of a calendar month, then the rental for such fractional month shall be prorated on a daily basis upon a thirty (30) day calendar month.
Monthly Rental. Lessee shall, during the lease term, pay to Lessor at 25420 X. Xxxxxxx Xxxxxx, X.O. Xxx 000, Xxxxxxx Xxxx, Xxxxxxxxxx 00000, xx such other place as Lessor shall designate in writing from time to time, without setoff or deduction for any reason whatsoever, a monthly rental in the amount of One Hundred Fifty-Six Thousand Nine Hundred Fifty-Four and No/100 Dollars ($156,954.00). The monthly rental shall be prorated for partial months falling within the lease term, and shall be payable in advance on or before the first day of each calendar month during the lease term. If any rent payment is not received by Lessor within five (5) days after the due date (or on the next business day if the fifth day is not a business date), then Lessee shall pay as additional rent the sum of five percent (5%) of the delinquent payment for each month or portion thereof that the payment remains overdue. Notwithstanding anything else herein to the contrary, the monthly rental shall be increased, but not decreased, for the sixty (60) month period beginning October 1, 2002 and ending September 30, 2007, and for the sixty (60) month period beginning October 1, 2007 and ending September 30, 2012, by such amount as lessor and lessee shall mutually agree upon in writing. If the parties hereto cannot agree on the amount of such increase for any such period prior to thirty (30) days before the commencement thereof, then the same is to be submitted to arbitration in accordance with Section 29." As herein amended, the parties hereto do hereby reaffirm and ratify all of the terms and provisions of said Office Building Triple Net Lease, as previously amended, and affirm further that all of the terms and conditions of the Office Building Triple Net Lease shall apply to the Phase V Expansion Building.
Monthly Rental. The Monthly Rental price shall be for a Rental Period of twenty-eight (28) consecutive calendar days, computed from the date of commencement of the Rental Period up to but not including the same date in the next calendar month and shall apply when the number of hours the Heavy Equipment is operated in any twenty-eight (28) day period does not exceed 176 hours of use.
Monthly Rental. During the Term, Tenant shall pay to Landlord a monthly base rent (the “Base Rent”) as set forth on Exhibit B attached hereto and incorporated herein by reference. Rent shall be due and payable on the first (1st) day of each month with any partial months to be pro-rated.
Monthly Rental. The monthly rental amount contained in Section 1.01 of the Lease is hereby deleted and amended to read as follows:
Monthly Rental. Rental that is thirty (30) days in length