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Monthly Rental Rate Sample Clauses

Monthly Rental Rate. (a) On the Commencement Date, Dick’s Sporting Goods will pay Corporate Air a deposit amount equal to two month’s initial Base Payments (as defined below) or a total of Four Hundred Thousand Dollars ($400,000.00) (the “Deposit”). The Deposit shall be held for the Term, but used and applied against the last two (2) monthly Base Payments (i.e. the Deposit will be applied to the final two (2) month’s Base Payments in lieu of Dick’s Sporting Goods regular Base Payments being made on the payment dates applicable for those months). Should there be an overpayment or underpayment of any Base Payment at the end of the Term due to the Deposit, the parties agree to act in good faith to reconcile such amounts in a manner that is mutually acceptable to both parties consistent with the terms of this Agreement. Should the Agreement be terminated prior to the end of the Term, any part of the Deposit that is not applied to any Base Payment shall be refunded by Corporate to Dick’s Sporting Goods. (b) During the Term of this Agreement, Dick’s Sporting Goods will pay to Corporate Air a monthly rental payment equal to the Base Payment (or a pro-rata portion of the Base Payment on the basis of a month of 30 days for any partial month). For the purposes of this Agreement, the term “Base Payment” means (i) for the first Agreement Year of the Term, Two Hundred Thousand Dollars ($200,000.00) per month (the “Base Payment”) and (ii) for each subsequent Agreement Year after the first Agreement Year of the Term, the Base Payment means a per month payment equal to the previous Agreement Year’s Base Payment (“Previous Year’s Base Payment”) plus the greater of (i) 3% of the Previous Year’s Base Payment or (ii) the product of the (x) annual percentage increase, if any, in the Consumer Price Index from that in effect on the date immediately preceding the Commencement Date (or the immediately prior yearly anniversary of the Commencement Date in the case of subsequent years of the Agreement) and (y) the Previous Year’s Base Payment, provided however, that, in no event shall any increase in the Base Payment in any Agreement Year be greater than 5% of the Previous Year’s Base Payment. For purposes of this Agreement, “Consumer Price Index” shall mean the Consumer Price Index for All Urban Consumers (CPI-U): U.S. city average published by the Bureau of Labor Statistics of the United States Department of Labor, as available on the U.S. Bureau of Labor Statistics website reporting the CPI-U unadjust...
Sample 1Sample 2
Monthly Rental Rate. During the term of this Agreement, DSG will pay to Corporate Air a monthly rental payment of One Hundred Fifty Thousand Dollars ($150,000.00) per month (the “Base Payment”). This Base Payment will be due and payable by the 5th day of each appropriate month without demand or invoicing. DSG will have the right to utilize the Aircraft for up to one thousand five hundred (1,500) hours during the Term, at a cost (in addition to the Base Payment) of One Thousand Nine Hundred Dollars ($1,900.00) per block hour actually used. As used herein “block hour” shall mean actual flight time plus (i) .1 of an hour for each take-off and (ii) .1 of an hour for each landing for such DSG use. Any payments hereunder by DSG to Corporate Air for any “block hour” usage or any expenses owed by DSG (as set forth in the last sentence of Section 3.03 hereof, if any) shall be paid by DSG to Corporate Air on the 5th day the second calendar month following the month in which they were incurred. Upon any termination of the Agreement, DSG is only obligated to pay the Base Payment for the proportionate amount of any month in which the Agreement is in effect up to the date of termination.
Sample 1
Monthly Rental Rate. Subject to any present tenant vacating or the availability of the Premises, Applicants’ tenancy shall be on the commencement date provided below. **THIS IS NOT A GUARANTEED MOVE IN DATE** We will call to schedule your move in day. The above payment received with this offer shall be used as the Security Deposit for the Premises. In the case of month-to-month tenancies, if for any reason Applicant fails to enter into the agreed Lease/Rental Agreement and pay the first (1st) month’s rent, Agent may deduct from the amount received an amount equal to 1/30th of the above monthly rent for each day the Premises are vacant from the date Applicant’s tenancy was to begin, to the date tenancy commences upon reletting, not to exceed thirty (30) days. In the case of fixed term tenancies, Applicant shall be responsible for the rent as it accrues for the balance of the term until such time as the Premises are relet; provided, however, should the Premises be relet for a monthly rent less than that set forth above, Applicant shall be responsible for the difference in the agreed upon rent and the rent actually received. Owner, within twenty-one (21) days after the Premises are relet, shall return to the Applicant designated as the Key Person on this agreement, to the Applicant’s address shown below, any balance remaining, with an itemized list of Agent’s damages including, but not limited to, unmitigated rent, advertising costs, commissions and legal fees.
Sample 1
Monthly Rental Rate. Effective as of February 1, 2008, Section 1.4(b) of the Fifth Amendment is hereby amended to re-state the Rent payable in connection with the Second Floor Premises as follows: February 1, 2008 - June 30, 2008 $ 53,170.17 $ 638,042.04 * July 1, 2008 - June 30, 2009 $ 54,649.27 $ 655,791.24 July 1, 2009 - June 30, 2010 $ 56,172.74 $ 674,072.88 July 1, 2010 - June 30, 2011 $ 57,741.91 $ 692,902.92 July 1, 2011 - June 30, 2012 $ 59,358.16 $ 712,297.92 * Based upon a twelve month period.
Sample 1
Monthly Rental Rate. Both parties agree that this property is to be rented for a monthly rental rate of $ . The security deposit shall be $ . Any adjustments to the agreed upon rate or deposit amount will be made in writing and signed by both parties.
Sample 1

Related to Monthly Rental Rate

  • Rental Rate The Lessee shall pay rent to the Lessor for the premises at the following rate: Payment shall be made at the end of each month upon submission of properly executed vouchers.

  • Rental Rates Schedules for (i) proposed rental rates on heavy construction equipment, and (ii) proposed wage rates of operating engineers. The Design-Builder firm shall certify that the proposal for rental rates and proposal for wage rates comply with the Contract Documents.

  • Monthly Rent a. Commencing as of the Commencement Date, and continuing thereafter on or before the first day of each calendar month during the term hereof, Tenant shall pay to Landlord, as monthly rent for the Premises, the Monthly Rent specified in Paragraph 2 above. If Tenant’s obligation to pay Monthly Rent hereunder commences on a day other than the first day of a calendar month, or if the term of this Lease terminates on a day other than the last day of a calendar month, then the Monthly Rent payable for such partial month shall be appropriately prorated on the basis of a thirty (30)-day month. Monthly Rent and the Additional Rent specified in Paragraph 7 shall he paid by Tenant to Landlord, in advance, without deduction, offset, prior notice or demand, in immediately available funds of lawful money of the United States of America, or by good check as described below, to the lockbox location designated by Landlord, or to such other person or at such other place as Landlord may from time to time designate in writing. Payments made by check must be drawn either on a California financial institution or on a financial institution that is a member of the federal reserve system. Notwithstanding the foregoing, Tenant shall pay to Landlord together with Tenant’s execution of this Lease an amount equal to the Monthly Rent payable for the first full calendar month of the Lease term after Tenant’s obligation to pay Monthly Rent shall have commenced hereunder, which amount shall be applied to the Monthly Rent first due and payable hereunder. b. All amounts payable by Tenant to Landlord under this Lease, or otherwise payable in connection with Tenant’s occupancy of the Premises, in addition to the Monthly Rent hereunder and Additional Rent under Paragraph 7, shall constitute rent owed by Tenant to Landlord hereunder. c. Any rent not paid by Tenant to Landlord when due shall bear interest from the date due to the date of payment by Tenant at an annual rate of interest (the “Interest Rate”) equal to the lesser of (i) twelve percent (12%) per annum or (ii) the maximum annual interest rate allowed by law on such due date for business loans (not primarily for personal, family or household purposes) not exempt from the usury law. Notwithstanding the foregoing, Landlord shall give Tenant notice of non-payment of rent when due and five (5) days after delivery of such notice to cure such non-payment once in each calendar year before assessing interest in such calendar year pursuant to this Paragraph 5.c. Failure by Tenant to pay rent when due, including any interest accrued under this subparagraph, shall constitute an Event of Default (as defined in Paragraph 25 below) giving rise to all the remedies afforded Landlord under this Lease and at law for nonpayment of rent. d. No security or guaranty which may now or hereafter be furnished to Landlord for the payment of rent due hereunder or for the performance by Tenant of the other terms of this Lease shall in any way be a bar or defense to any of Landlord’s remedies under this Lease or at law. e. Notwithstanding anything to the contrary in this Lease: (i) in no event may any rent under this Lease be based in whole or in part on the income or profits derived from the Premises, except for percentage rent based on gross (not net) receipts or sales; (ii) if the holder of a Superior Interest (as defined in Paragraph 21 below) succeeds to Landlord’s interest in the Lease (“Successor Landlord”) and the Successor Landlord is advised by its counsel that all or any portion of the rent payable under this Lease is or may be deemed to be “unrelated business income” within the meaning of the Internal Revenue Code or regulations issued thereunder, such Successor Landlord may, at its option, unilaterally amend the calculation of rent so that none of the rent payable to Landlord under the Lease will constitute “unrelated business income,” but the amendment will not increase Tenant’s payment obligations or other liability under this Lease or reduce the Landlord’s obligations under this Lease and (iii) upon the Successor Landlord’s request, Tenant shall execute any document such holder deems necessary to effect the foregoing amendment to this Lease.

  • Minimum Monthly Rent Tenant shall pay minimum monthly rent (“Minimum Monthly Rent”) in the initial amount stated in Section 1.5. The Minimum Monthly Rent shall be increased as set forth in Section 1.5 and/or elsewhere in this Lease. Tenant shall pay the Minimum Monthly Rent on or before the first day of each calendar month, in advance, at the office of Landlord or at such other place designated by Landlord, without deduction, offset or prior demand. If the Commencement Date is not the first day of a calendar month, the rent for the partial month at the beginning of the Lease Term shall be prorated on a per diem basis and shall be due on the first day of such partial month. Upon execution of this Lease, and before the Commencement Date, Tenant shall pay to Landlord the aggregate of the first month’s Minimum Monthly Rent, the first month’s Monthly Impound Payment (see Section 4.4), and the Security Deposit (see Section 5).

  • Base Rental 4.1 Tenant shall pay to Landlord annual rent during the Initial Term of this Lease in the amount of Thirty-Five Thousand One Hundred and Sixty Dollars and 00/100 Dollars ($35,160) ("Base Rent"), which shall be paid in equal consecutive monthly installments of One Thousand Four Hundred and Sixty-Five Dollars and 00/100 Dollars ($1,465.00) and a prorated portion for any partial calendar month. Installments of rent shall be paid on the first day of each calendar month in advance. 4.2 In the event that Tenant exercises its right to a Renewal Term, the Base Rent payable during the Renewal Term (and the Base Building Expense figure), as specified in Section 4.1 for Base Rent and Section 5.1 for Base Building Expense, shall be adjusted as of the first day of each Renewal Term (the "First Adjustment Date") by the percentage increase in the Consumer's Price Index for all Urban Consumers specified for All Items, All Cities (1982-1984=100) and issued by the Bureau of Labor Statistics of the United States Department of Labor, or any replacement thereof (the "Index"). The increased annual Base Rent shall be equal to the annual Base Rent payable for the year preceding the Adjustment Date multiplied by a fraction, the numerator of which is the Index for the second calendar month immediately preceding the Adjustment Date and the denominator is the Index for the second calendar month one year preceding. In no event shall the Base Rent be decreased. Notwithstanding the foregoing, the increase in Base Rent for any one Renewal Term shall not be greater than five percent (5%). 4.3 All rent shall be paid to Landlord at the address set forth herein or at such other address as Landlord may designate in writing, without any prior demand therefore and without any deduction or offset whatsoever. 4.4 In the event that Tenant shall fail to pay any amount under this Lease when the same shall be due, such amount shall be subject to a one-time late charge of five cents (.05(cent)) for each One Dollar ($1.00) not paid when due and thereafter shall be subject to a service charge until such amount is paid at the lesser of the rate of two percent (2%) per month or the highest rate permitted by law.

  • Base Rent Purchaser will receive a credit at Closing for the prorated amount of all base or fixed rent payable pursuant to the Leases and all Additional Rents (collectively, “Rent”) previously paid to, or collected by, Seller and attributable to any period following the Closing Date. Rents are “Delinquent” when they were due prior to the Closing Date, and payment thereof has not been made on or before the Closing Date. Delinquent Rent shall not be prorated at Closing. All Rent collected by Purchaser or Seller from each tenant from and after Closing will be applied as follows: (i) first, to Delinquent Rent owed for the month in which the Closing Date occurs (the “Closing Month”), (ii) second, to any accrued Rents owing to Purchaser, and (iii) third, to Delinquent Rents owing to Seller for the period prior to Closing. Any Rent collected by Purchaser and due Seller will be promptly remitted to Seller. Any Rent collected by Seller and due Purchaser shall be promptly remitted to Purchaser. Purchaser shall use reasonable efforts to collect Delinquent Rents owed to Seller in the ordinary course of its business; provided, however, that Seller hereby retains the right to pursue any tenant under the Leases for any Rent and other sums due Seller for period attributable to Seller’s ownership of the Property; and provided further, however, Seller (i) shall be required to notify Purchaser in writing of Seller’s intention to commence or pursue any legal proceedings; and (ii) shall not be permitted to commence or pursue any legal proceedings against any tenant seeking eviction of such tenant or the termination of the underlying Lease. “Additional Rents” shall mean any and all amounts due from tenants for operating expenses, common area maintenance charges, taxes, shared utility charges, management fees, insurance costs, other comparable expenses and pass-through charges and any other tenant charges. The provisions of this Section 14.5 shall survive the Closing and the delivery of any conveyance documentation.

  • Minimum Rent The defined term “Minimum Rent” set forth in Section 1.66 of the Lease is deleted in its entirety and replaced with the following:

  • Additional Rental (a) For purposes of this Lease, "Tenant's Forecast Additional Rental" shall mean Landlord's reasonable estimate of Tenant's Additional Rental for the coming calendar year or portion thereof. If at any time it appears to Landlord that Tenant's Additional Rental for the current calendar year will vary from Landlord's estimate by more than five percent (5%), Landlord shall have the right to revise, by notice to Tenant, its estimate for such year, and subsequent payments by Tenant for such year shall be based upon such revised estimate of Tenant's Additional Rental. Failure to make a revision contemplated by the immediately preceding sentence shall not prejudice Landlord's right to collect the full amount of Tenant's Additional Rental. Prior to the Rental Commencement Date and thereafter prior to the beginning of each calendar year during the Lease Term, including any extensions thereof, Landlord shall present to Tenant a statement of Tenant's Forecast Additional Rental for such calendar year; provided, however, that if such statement is not given prior to the beginning of any calendar year as aforesaid, Tenant shall continue to pay during the next ensuing calendar year on the basis of the amount of Tenant's Forecast Additional Rental payable during the calendar year just ended until the month after such statement is delivered to Tenant.

  • Basic Rental Tenant agrees to pay to Landlord during the Term hereof, at Landlord's office or to such other person or at such other place as directed from time to time by written notice to Tenant from Landlord, the monthly and annual sums as set forth in Article 1.C. of the Basic Lease Provisions, payable in advance on the first (1st) day of each calendar month, without demand, setoff or deduction, and in the event this Lease commences or the date of expiration of this Lease occurs other than on the first (1st) day or last day of a calendar month, the rent for such month shall be prorated. Notwithstanding anything to the contrary contained herein and provided that Tenant faithfully performs all of the terms and conditions of this Lease, Landlord hereby agrees to xxxxx Tenant's obligation to pay monthly Basic Rental for the second (2nd) and third (3rd) full calendar months of the initial Lease Term. During such abatement periods, Tenant shall still be responsible for the payment of all of its other monetary obligations under this Lease. In the event of a default by Tenant under the terms of this Lease that results in early termination pursuant to the provisions of Section 20(a) of this Lease, then as a part of the recovery set forth in Article 20 of this Lease, Landlord shall be entitled to the recovery of the monthly Basic Rental that was abated under the provisions of this Section 3(a). The amount of Basic Rental to be abated pursuant to this Section 3(a) above may be referred herein as "Abated Rent Amount." Notwithstanding the foregoing or anything to contrary contained herein, upon written notice to Tenant, Landlord shall have the option to purchase all or any portion of Tenant's Abated Rent Amount by paying such amount to Tenant, in which case the amount so paid to Tenant shall nullify an equivalent amount of abatement of Tenant's Basic Rental as to the period so designated by Landlord in Landlord's written notice to Tenant. In addition, notwithstanding the foregoing, the first full month's Basic Rental shall be paid to Landlord in accordance with Article 1.J. of the Basic Lease Provisions and, if the Commencement Date is not the first day of a month, Basic Rental for the partial month commencing as of the Commencement Date shall be prorated based upon the actual number of days in such month and shall be due and payable upon the Commencement Date.

  • Net Rent It is the intent of the Landlord and Tenant that this Lease shall yield, net to Landlord, the Base Rent specified and all Additional Rent and charges in each month during the term of the Lease, and that all costs, expenses and obligations of every kind relating to the Leased Premises shall be paid by the Tenant, unless expressly assumed by the Landlord.

Most Referenced Clauses

Most Referenced Definitions