Rent Additional Rent. (a) The Base Rent and Additional Rent specified in Section 1.1 hereof, and any other charges payable pursuant to this Sublease (the “Rent”) shall be payable by Sublessee to Sublessor at the Mailing Address of Sublessor as of the Rent Commencement Date (or such other place as Sublessor may from time to time designate by notice to Sublessee).
(b) Beginning on the Rent Commencement Date, Base Rent and Additional Rent shall be payable, in advance, on or before the first (1st) day of each and every calendar month during the Term of this Sublease, except that those certain charges, fees, costs and expenses set forth in subsection (c) of “Additional Rent” in Section 1.1 of this Sublease shall be payable prior to the due date set forth on Prime Lessor’s invoice, which invoice Sublessor shall promptly provide to Sublessee upon receipt from Prime Lessor. Promptly after Sublessor and Prime Lessor have made the appropriate adjustments between themselves on account of actual Operating Expenses and real estate taxes, the amounts paid by Sublessee as Sublessee’s Pro Rata Share of such estimated installments (as set forth in Section 1.1) shall be adjusted between Sublessor and Sublessee in accordance with the process set forth in Article 4 of the Prime Lease, as such Article 4 is incorporated herein. The parties’ obligations hereunder to make such adjustments shall survive the expiration or termination of this Sublease.
(c) Base Rent for any partial month shall be paid by Sublessee to Sublessor at such rate on a prorata basis. Other charges payable by Sublessee with respect to a particular accounting period, shall likewise be prorated.
(d) Sublessee shall be responsible for payment to any utility company for any electrical charges assessed pursuant to Section 7.E of the Prime Lease and allocable to the Premises. All Rent and other amounts due under this Sublease shall be made without demand, offset or deduction. Sublessee shall be entitled to all rent abatements set forth in the Prime Lease and attributable to the Term which Sublessor has been granted with respect to the Premises.
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 Lease Year. For the second Lease Year and for each succeeding Lease Year, Base Rent will increase by an amount equal to four percent (4%) of the Base Rent in payable in the prior Lease 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 Lease, the aggregate of Additional Rent and Base Rent constitutes Rent. Base Rent is payable in full on August 1 of each Lease Year. Additional Rent is payable as accrued and determined, and will be billed on a periodic basis.
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.
Rent Additional Rent. From and after the Effective Date, (i) annual base rent and (ii) Subtenant’s 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, shall be calculated based on 13,159 rentable square feet. Nothing in this Amendment shall be deemed to affect annual base rent or Subtenant’s proportionate share of additional rent applicable to the Surrendered Premises and attributable to the portion of the term ending on the Effective Date. Notwithstanding the foregoing, Sublandlord hereby agrees to provide Subtenant with a retroactive credit against annual base rent in the amount of $17,435.54, such credit to be applied against the next payments of annual base rent due under the Sublease after the date hereof.
Rent Additional Rent. The rent and additional rent during the term of this Lease shall be paid in consecutive monthly installments in the amounts shown below in advance on the first (1st) day of each month during the term hereof, without deduction, setoff or prior demand which rent Tenant agrees to pay in lawful money of the United States, which shall be legal tender in payment of all debts and dues, public and private, to the Landlord, Rxxxxxx X. XxXxxxx, P.X. Xxx 00000, Xxxxxxxxxx Xx. 000, Xxxxxxxxx, Xxx Xxxx 00000, or such other place as the Landlord may designate. The rent and additional rent breakdown as follows: December 2002 $ 4,856.25 $ 1,187.08 $ 6,043.33 January 2003 – June 2003 $ 8,661.22 $ 1,187.08 $ 9,848.30 July 2003 – November 2003 $ 4,856.25 $ 1.187.08 $ 6,043.33 At the end of the Lease term, Landlord shall reconcile the additional rent payments received against all additional rent charges for the Lease term and if there is an amount due Landlord, that amount will be paid by Tenant within ten (10) days of receipt of invoice. If there is an amount due Tenant that amount will be credited Tenant and if there are no outstanding charges and Tenant is not in default, that amount will be paid to Tenant within ten (10) days of Lease termination. This Lease is granted and accepted upon the foregoing and upon the following covenants and conditions and subject to the following restrictions, to all and every one of which the parties consent; and each of the parties hereby expressly covenants and agrees to keep, perform and observe all the terms, covenants and conditions herein contained on its part to be kept, performed and observed.
Rent Additional Rent. As used in this Lease, the term “Rent” when used alone, shall refer to Minimum Rent and all sums constituting additional Rent. Any amounts to be paid by Tenant to Landlord pursuant to the provisions of this Lease other than Minimum Rent whether such payments are periodic or recurring, including Additional Charges, shall be deemed to be “additional Rent” and otherwise subject to all provisions of this Lease and applicable law as to default for non-payment.
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. 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 $804,000 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,