Rent Additional Rent. The Tenant agrees to pay the Landlord, at Landlord's office in the Property or at such other address as may be designated by Landlord, the rent ("Rent") in U.S. legal tender of $8,625.00 per month, payable on the first day of each and every calendar month during the Term. A late charge in the amount of five percent (5%) will be due and owing on the Rent and any "Additional Rent" (as such term is hereinafter defined) not paid by the 15th day of the calendar month in which due. Simultaneously with the execution of this Lease, Tenant shall maintain a deposit with Landlord in the amount of $8,625.00 as a security deposit (the "Security Deposit"). The Security Deposit (which shall not bear interest to Tenant) shall be considered as security for the payment and performance of the obligations, covenant, conditions and agreements of Tenant contained herein. The Security Deposit shall not constitute an advance payment of any amounts owed by Tenant under this Lease, or a measure of damages to which Landlord shall be entitled upon a breach of this Lease. Landlord may, without prejudice to any other remedy, use the Security Deposit to the extent necessary to remedy any default in the payment of Rent or Additional Rent or to satisfy any other obligation of Tenant hereunder, and Tenant shall promptly, on demand, restore the Security Deposit to its original amount. The Security Deposit will be returned to the Tenant at the end of the Term provided the Tenant surrenders the Premises in good condition and has not otherwise incurred any other obligation to the Landlord hereunder which remains unsatisfied or unresolved at such time. Tenant hereby covenants and agrees to pay promptly the amounts computed pursuant to this paragraph and otherwise herein as Additional Rent as and when the same shall become due and payable, without demand therefor and without any setoff or deduction whatsoever. All costs, expenses and other payments which Tenant assumes or agrees to pay to Landlord or otherwise, other than Rent, shall be Additional Rent and, in the event of nonpayment thereof, Landlord shall have all the rights and remedies herein provided for in the case of nonpayment of Rent. The list of the laboratory services to be provided by Landlord to Tenant as part of this Lease are described in Exhibit "B", annexed hereto.
Rent Additional Rent. Rent for the term of this Lease shall be payable monthly, on or before the first day of each month, in the amount of DOLLARS AND ZERO CENTS ($ .00), with rent due for any partial month prorated. All such payments shall be made to Landlord at Landlord’s address set forth in paragraph 1 on or before the due date and without demand. Any other amounts due to Landlord under this Lease shall be considered additional rent (“Additional Rent”). Additional Rent shall be due in the form of deduction from severance payments under the Separation Agreement, or, if none, in the form of cash or equivalent from Tenant to Landlord.
Rent Additional Rent. 3.01 During the Term specified in Section 2.01, Tenant agrees to pay to Landlord minimum net rent in monthly installments, calculated as follows:
(a) During the first twelve (12) months following the Commencement Date, the annual minimum net rent shall be $815,650 payable in twelve equal monthly installments. In addition, for the period from the Commencement Date through the last day of the partial calendar month at the beginning of the Term, Tenant shall pay minimum net rent prorated on a daily basis based upon the number of days existing in such partial calendar month calculated in the foregoing manner.
(b) For each succeeding twelve (12) month period (or final partial year) during the Term, the minimum net rental shall be adjusted to an annualized amount equal to the annualized minimum net rental during the preceding twelve (12) month period times multiplied by a fraction, the numerator of which shall be the CPI for the final month of the preceding twelve (12) month period, and the denominator of which shall be the CPI for the first month of the preceding such twelve (12) month period. For purposes hereof, "CPI" shall mean and refer to the Consumer Price Index for All Urban Consumers, U.S. City Average, All Items, 1982-84 = 100, as issued by the Bureau of Labor Statistics, United States Department of Labor. If at any time during the term hereof the United States Bureau of Labor Statistics shall discontinue the issuance of the CPI, then the parties agree to use any other standard, nationally recognized cost of living index then issued and available, which is published by the United States Government, and if no governmental index is then published, then by any generally recognized privately published index of the cost of living. Notwithstanding the foregoing, (i) the adjustment in minimum net rental for any such twelve (12) month period in the term shall not exceed two percent (2%) of the annualized minimum net rental for the previous twelve (12) month period, and (ii) in no event shall the minimum net rent in any succeeding twelve (12) month period be less than that paid during the preceding twelve (12) month period. Additionally, if the adjustment in annualized minimum net rental for any new twelve (12) month period has not been calculated prior to the due date of the monthly installment of minimum net rent for such month, the relevant monthly installment shall be paid based on the prior year's annualized minimum net rent until such time as the new mini...
Rent Additional Rent. Lessee will pay to Lessor the annual sum of $ as Base Rent for the Premises during the first Sublease Year. For the second Sublease Year and for each succeeding Sublease Year, Base Rent will increase by an amount equal to four percent (4%) of the Base Rent in payable in the prior Sublease Year. In addition to Base Rent, Lessee will pay to Lessor as Additional Rent an amount equal to product obtained by multiplying the cost of a comparable bedspace in University Housing by the number of bedspaces in the Building that are unoccupied during the Spring semester or Fall semester of the University calendar. For purposes of this Sublease, the aggregate of Additional Rent and Base Rent constitutes Rent. Base Rent is payable in full on August 1 of each Sublease Year. Additional Rent is payable as accrued and determined, and will be billed on a periodic basis.
Rent Additional Rent. During the Additional Extension Period, annual base rent shall be paid at the rate of $50.35 per rentable square foot ($662,555.65 annually and $55,212.97 monthly), shall otherwise be payable in accordance with the terms of the Sublease, and Subtenant shall continue to pay its proportionate share of any and all additional rent payable by Sublandlord under the Prime Lease, as set forth in Section 5 and 6 of the Sublease, respectively (as previously amended). During the Additional Extension Period, all terms and conditions of the Sublease shall continue to apply to Subtenant except that the provisions of Sections 2 of the Sublease are hereby terminated and are of no further force and effect as of the date hereof.
Rent Additional Rent a. Tenant agrees to pay Landlord promptly when due, without notice or demand, as rent for the Premises dollars ($ ) based on $ per square foot for square feet, payable in equal monthly installments of dollars ($ ), in advance, on the first day of each month of the term hereof.
b. In the event that the term agreed to does not begin on the first day of the month, or end on the last day of the month, the first monthly rental payment shall be prorated, but the last month shall not.
c. If Tenant fails to pay the above specified rent within five days of the due date, Tenant will be assessed a late payment fee of 10% of the total amount due.
d. Tenant shall pay to Landlord, upon Landlord’s request, as additional rent, amounts for basic utilities beyond normal usage including electricity, water, sewer, and HVAC.
e. To allow the tenant to get used to market rate for commercial properties, the BDC may raise rents in years two thru five. Ensuring that tenants can exit the BDC program and be able to sustain outside of the BDC ecosystem. This will ensure that tenants are able to exit the BDC program and be able to sustain outside of the BDC ecosystem.
Rent Additional Rent. Tenant Initials
a. Tenant agrees to pay Landlord promptly when due, without notice or demand, as rent for the Premises dollars ($ ) based on $ per square foot for square feet, payable in equal monthly installments of dollars ($ ), in advance, on the first day of each month of the term hereof.
b. In the event that the term agreed to does not begin on the first day of the month, or end on the last day of the month, the first monthly rental payment shall be prorated, but the last month shall not.
c. If Tenant fails to pay the above specified rent within five days of the due date, Tenant will be assessed a late payment fee of 10% of the total amount due.
d. Tenant shall pay to Landlord, upon Landlord’s request, as additional rent, amounts for basic utilities beyond normal usage including electricity, water, sewer and HVAC.
Rent Additional Rent. The first month’s rent is to be paid when Tenant signs this Lease, with the amount of rent to be pro-rated in the event of a partial month. Thereafter, rent shall be paid on the first day of that month at Landlord’s Address above. Landlord need not give notice to pay the rent. Rent must be paid in full and no amount subtracted from it. Tenant may be required to pay other charges to Landlord under the terms of this Lease. They are to be called “additional rent.” This additional rent is payable as rent, together with the next monthly rent due. If Tenant fails to pay the additional rent on time, Landlord shall have the same rights against Tenant as if it were a failure to pay rent.
Rent Additional Rent. INSURANCE AND OTHER CHARGES 4.1 The Annual Fixed Rent .................................................................................................... 13 4.2
Rent Additional Rent. Xxxxxx agrees to pay Landlord rent monthly per rent schedule attached as Attachment A. Rent is paid in equal monthly payments based on the payment schedule. Starting rent after 3 months of Monthly Rent Amount ($) in advance, on the first day of each calendar month during the term. In the event that the term agreed to does not begin on the first day of the month, or end on the last day of the month, the first and/or last monthly rental payment shall be prorated. If payment of rent is not received by Landlord within five (5) days after it is due, it shall be accompanied by a late charge equal to 10 percent (10%) of such payment. Each unit has a monthly price agreement attached to lease agreement. The final Monthly rent during final quarter is $ Monthly.
