Payment of Annual Rent. The Tenant must pay the Annual Rent by four equal installments in advance on or before the Rent Payment Dates except that:
(a) the Tenant must pay the first installment of Annual Rent on the Rent Commencement Date; and
Payment of Annual Rent. Annual Rent shall be paid to Landlord In equal monthly installments payable in advance on the first day of each calendar month, with the first instalment (prorated to cover the number of days then remaining in the calendar month) to be paid on the Commencement Date (and the last instalment to be prorated to cover the number of days then remaining in the Term). The Deposit, as such term is defined In the Offer to Lease, shall be applied as provided in the Offer to Lease.
Payment of Annual Rent. Tenant shall pay the Annual Rent (as defined in the Key Term above) to Land Owner in a single payment, without setoff or deduction, at P.O. Xxx 0000, Xxxxx Xxxx, NB E2L 4M3, Attn. Property Manager, or at such other place as Land Owner may designate in writing, on or before commencement of the Term.
Payment of Annual Rent. From the Commencement Date until the date of Project Opening, Annual Rent shall be paid in equal monthly installments, with each installment equal to
1/ 12th of the applicable Minimum Rent. On the date of Project Opening, Annual Rent shall be paid on a monthly basis as provided in Section 5(a)(iii)(B). In the event the Commencement Date, the date of Project Opening, or the date the Term expires occurs on a date which is not the first day of a month, the relevant monthly installment of Annual Rent shall be prorated per diem, based on the number of days of such month included within the applicable Rent period. Payments of Annual Rent shall be subject to quarterly adjustment as provided in this subsection (c) in the event and to the extent Minimum Rent accruing for such quarterly period is exceeded by Percentage Rent (4% x AGR) accruing for such quarterly period. As used in this Lease, the term "Adjusted Gross Receipts" or "AGR" shall mean the gross receipts from licensed gambling games and devices less winnings paid to wagerers and the 20% tax paid to the State of Missouri pursuant to Section 318.822 of the Revised Missouri Statutes. In the event Percentage Rent exceeds Minimum Rent during any quarter, Tenant shall pay such difference to Landlord, as an adjustment to Minimum Rent, not later than 45 days after the end of each quarter. At the end of each Lease Year, Tenant shall be entitled to a credit against Rent next due to the extent of any overpayments of Percentage Rent made by Tenant during such Lease Year. Tenant shall report AGR to Landlord on a quarterly basis in accordance with the provisions of Section 13.
Payment of Annual Rent. The Annual Rent shall be payable once per Calendar Year in the following manner: on March 31st of each Calendar Year, after the Rent Commencement Date, (i) Tenant shall deliver to the City a certificate, certified by an officer of Tenant with knowledge with respect thereto, that includes a calculation of the amount of Tenant Revenues for the immediately preceding Calendar Year and a calculation of the amount of the Annual Rent payable by Tenant for the immediately preceding Calendar Year (the “Certificate of Payment”) and (ii) payment in the amount of the applicable Annual Rent for the immediately preceding Calendar Year as set forth in the Certificate of Payment. If the Rent Commencement Date occurs on a day other than January 1st, the Annual Rent for the period from the Rent Commencement Date until the December 31st next following shall be prorated accordingly. The Annual Rent shall be payable to Landlord, City of Miami Department of Finance, Attn: Treasury Management/Receipts, 000 XX 0xx Xxxxxx, 0xx Xxxxx, Xxxxx, XX 00000, or at such other place and to such other person as Landlord may from time to time designate in writing, as set forth herein.
Payment of Annual Rent. The Lessee shall pay the annual rent in the manner and at the times provided in Item 3 of Schedule A.
Payment of Annual Rent. The Tenant must pay the Annual Rent by equal instalments in advance on or before the Rent Payment Dates except that: the Tenant must pay the first instalment of Annual Rent on the Rent Commencement Date; and that first instalment of Annual Rent shall be the proportion of the Annual Rent calculated on a daily basis for the period from and including the Rent Commencement Date to and including the day before the next Rent Payment Date after the Rent Commencement Date. The Tenant must pay the Annual Rent and all other sums payable under this lease by: electronic means from an account held in the name of the Tenant to the account notified from time to time to the Tenant by the Landlord. The Tenant must pay the Annual Rent and all other sums payable under this lease in full without any set-off, counterclaim, deduction or withholding (other than any deduction or withholding of tax as required by law).
Payment of Annual Rent. A. Tenant shall pay Base Rent in the amount of Twenty Four Thousand and no/100th Dollars ($24,000) per month (Two Hundred Eighty-eight Thousand and no/100th Dollars [$288,000.00] per year) to Landlord in monthly installments in advance on or before the first day of each month.
B. Tenant shall pay Percentage Rent commencing with the second Lease Year on the basis of the Gross Receipts for the preceding Lease Year. Percentage Rent shall be equal to 3.5% of Gross Receipts in excess of $1,500,000 per Lease Year. Except as otherwise expressly provided in this Ground Lease, Percentage Rent shall be calculated (and paid) on an annual basis by May 1st of each year.
C. Tenant shall be entitled to receive a credit against Annual Rent for capital improvements listed in Exhibit C or approved in writing by the Landlord prior to commencement of the work. This Tenant Improvement Allowance may not exceed $100,000.00 per Lease Year for each Lease Year in the Initial Term of this Lease. This allowance is provided only for actual expenses, not prospective expenses. Tenant must provide to Landlord receipts to document approved expenses prior to claiming this credit. Expenses that exceed $100,000 in a particular year may be rolled over for credit in a subsequent year; provided, however, that Tenant shall receive a credit of no more than $100,000 in each year of the Initial Term, and no credits in any Extension Term. For example, if $300,000 is spent in Year 1, it may be claimed as a credit in Years 1, 2 and 3.
Payment of Annual Rent. The Tenant must pay the Annual Rent on or before the Rent Payment Dates (if demanded).
Payment of Annual Rent. Tenant shall pay the Annual Rent in equal quarterly installments in advance on the first day of each calendar quarter, prorated if applicable for the calendar quarters in which the Rent Commencement Date occurs and the calendar quarter in which this Lease expires or is terminated.
