Common use of RENT CONSIDERATION Clause in Contracts

RENT CONSIDERATION. 5.1 - Rent consideration installment payments shall be made during the month for which the installment applies. 5.2 - If the Leased premises are not ready for possession by the date established in paragraphs 2.4 and 3.6, the Lessee shall not be responsible for rent until taking possession, nor shall the Lessee waive any claims to damages which the Lessee may have suffered. 5.3 - The Lessee shall pay to the Lessor as annual rent consideration for the Leased premises from 12:01 a.m. , through 11:59 p.m. , at the rate of /100 dollars ($ ) per year, payable in installments of /100 dollars ($ ) per month. 5.4 Deleted, Not Applicable 5.5 In the event the Lessee exercises the renewal option pursuant to Article II, paragraph 2.5, the Lessee shall pay to the Lessor as rent consideration for the Leased premises from 12:01 a.m. , through 11:59 p.m. , at the rate of /100 dollars ($ ) per year, payable in installments of /100 dollars ($ ) per month. a) In the event the Lessee exercises the renewal option pursuant to Article II, paragraph 2.6, the Lessee shall pay to the Lessor as rent consideration for the Leased premises from 12:01 a.m. , through 11:59 p.m. , at the rate of /100 dollars ($ ) per year, payable in installments of /100 dollars ($ ) per month. 5.6 Deleted, Not Applicable

Appears in 3 contracts

Samples: Lease Agreement, Lease Agreement, Lease Agreement

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RENT CONSIDERATION. 5.1 - Rent consideration installment payments shall be made during the month for which the installment applies. 5.2 - If the Leased premises are not ready for possession by the date established in paragraphs 2.4 and 3.6, the Lessee shall not be responsible for rent until taking possession, nor shall the Lessee waive any claims to damages which the Lessee may have suffered. 5.3 - The Lessee shall pay to the Lessor as annual rent consideration for the Leased premises from 12:01 a.m. , through 11:59 p.m. , at the rate of /100 dollars ($ ) per year, payable in installments of /100 dollars ($ ) per month. 5.4 Deleted, Not Applicable 5.5 In the event the Lessee exercises the renewal option pursuant to Article II, paragraph 2.5, the Lessee shall pay to the Lessor as rent consideration for the Leased premises from 12:01 a.m. , through 11:59 p.m. , at the rate of /100 dollars ($ ) per year, payable in installments of /100 dollars ($ ) per month. a) In the event the Lessee exercises the renewal option pursuant to Article II, paragraph 2.6, the Lessee shall pay to the Lessor as rent consideration for the Leased premises from 12:01 a.m. , through 11:59 p.m. , at the rate of /100 dollars ($ ) per year, payable in installments of /100 dollars ($ ) per month. 5.6 Deleted, Not Applicable 5.7 Deleted, Not Applicable 5.8 - Deleted, Not Applicable 5.9 - Deleted, Not Applicable 5.10 - Deleted, Not Applicable 5.11 - Deleted, Not Applicable 5.12 - Deleted, Not Applicable 5.13 - Reserved

Appears in 3 contracts

Samples: Lease Agreement, Lease Agreement, Lease Agreement

RENT CONSIDERATION. 5.1 - Rent consideration installment payments shall be made during the month for which the installment applies. 5.2 - If the Leased premises are not ready for possession by the date established in paragraphs 2.4 and 3.6, the Lessee shall not be responsible for rent until taking possession, nor shall the Lessee waive any claims to damages which the Lessee may have suffered. 5.3 - The Lessee shall pay to the Lessor as annual rent consideration for the Leased premises from 12:01 a.m. November 1, 2018, through 11:59 p.m. October 31, 2028, at the rate of /100 dollars ($ ) per year, payable in installments of /100 dollars ($ ) per month. 5.4 Deleted, Not Applicable 5.5 In the event the Lessee exercises the renewal option pursuant to Article II, paragraph 2.5, the Lessee shall pay to the Lessor as rent consideration for the Leased premises from 12:01 a.m. November 1, 2028, through 11:59 p.m. October 31, 2033, at the rate of /100 dollars ($ ) per year, payable in installments of /100 dollars ($ ) per month. a) In the event the Lessee exercises the renewal option pursuant to Article II, paragraph 2.6, the Lessee shall pay to the Lessor as rent consideration for the Leased premises from 12:01 a.m. November 1, 2033, through 11:59 p.m. October 31, 2038, at the rate of /100 dollars ($ ) per year, payable in installments of /100 dollars ($ ) per month. 5.6 Deleted, Not Applicable 5.7 Deleted, Not Applicable 5.8 - Deleted, Not Applicable 5.9 - Deleted, Not Applicable

Appears in 2 contracts

Samples: Lease Agreement, Lease Agreement

RENT CONSIDERATION. 5.1 - Rent consideration installment payments shall be made during the month for which the installment applies. 5.2 - If the Leased premises are not ready for possession by the date established in paragraphs 2.4 and 3.6, the Lessee shall not be responsible for rent until taking possession, nor shall the Lessee waive any claims to damages which the Lessee may have suffered. 5.3 - The Lessee shall pay to the Lessor as annual rent consideration for the Leased premises from 12:01 a.m. January 1, 2016, through 11:59 p.m. December 31, 2020, at the rate of /100 dollars ($ ) per year, payable in installments of /100 dollars ($ ) per month. 5.4 Deleted, Not Applicable[repeat paragraph 5.3 above for mid-term rent changes.]. 5.5 In the event the Lessee exercises the renewal option pursuant to Article II, paragraph 2.5, the Lessee shall pay to the Lessor as rent consideration for the Leased premises from 12:01 a.m. January 1, 2021, through 11:59 p.m. December 31, 2025, at the rate of /100 dollars ($ ) per year, payable in installments of /100 dollars ($ ) per month. a) In the event the Lessee exercises the renewal option pursuant to Article II, paragraph 2.6, the Lessee shall pay to the Lessor as rent consideration for the Leased premises from 12:01 a.m. January 1, 2026, through 11:59 p.m. December 31, 2030, at the rate of /100 dollars ($ ) per year, payable in installments of /100 dollars ($ ) per month. 5.6 Deleted, Not Applicable

Appears in 1 contract

Samples: Lease Agreement

RENT CONSIDERATION. 5.1 - Rent consideration installment payments shall be made during the month for which the installment applies. 5.2 - If the Leased premises are not ready for possession by the date established in paragraphs 2.4 and 3.6, the Lessee shall not be responsible for rent until taking possession, nor shall the Lessee waive any claims to damages which the Lessee may have suffered. 5.3 - The Lessee shall pay to the Lessor as annual rent consideration for the Leased premises from 12:01 a.m. October 1, 2015, through 11:59 p.m. September 30, 2025, at the rate of /100 dollars ($ ) per year, payable in installments of /100 dollars ($ ) per month. 5.4 Deleted, Not Applicable[repeat paragraph 5.3 above for mid-term rent changes.]. 5.5 In the event the Lessee exercises the renewal option pursuant to Article II, paragraph 2.5, the Lessee shall pay to the Lessor as rent consideration for the Leased premises from 12:01 a.m. October 1, 2025, through 11:59 p.m. September 30, 2030, at the rate of /100 dollars ($ ) per year, payable in installments of /100 dollars ($ ) per month. a) In the event the Lessee exercises the renewal option pursuant to Article II, paragraph 2.6, the Lessee shall pay to the Lessor as rent consideration for the Leased premises from 12:01 a.m. October 1, 2030, through 11:59 p.m. September 30, 2035, at the rate of /100 dollars ($ ) per year, payable in installments of /100 dollars ($ ) per month. 5.6 Deleted, Not Applicable

Appears in 1 contract

Samples: Lease Agreement

RENT CONSIDERATION. 5.1 - Rent consideration installment payments shall be made during the month for which the installment applies. 5.2 - If the Leased premises are not ready for possession by the date established in paragraphs 2.4 and 3.6, the Lessee shall not be responsible for rent until taking possession, nor shall the Lessee waive any claims to damages which the Lessee may have suffered. 5.3 - The Lessee shall pay to the Lessor as annual rent consideration for the Leased premises from 12:01 a.m. March 1, 2022, through 11:59 p.m. February 28, 2027, at the rate of /100 dollars ($ ) per year, payable in installments of /100 dollars ($ ) per month. 5.4 Deleted, Not Applicable 5.5 In the event the Lessee exercises the renewal option pursuant to Article II, paragraph 2.5, the Lessee shall pay to the Lessor as rent consideration for the Leased premises from 12:01 a.m. March 1, 2027, through 11:59 p.m. February 29, 2032, at the rate of /100 dollars ($ ) per year, payable in installments of /100 dollars ($ ) per month. a) In the event the Lessee exercises the renewal option pursuant to Article II, paragraph 2.6, the Lessee shall pay to the Lessor as rent consideration for the Leased premises from 12:01 a.m. March 1, 2032, through 11:59 p.m. February 28, 2037, at the rate of /100 dollars ($ ) per year, payable in installments of /100 dollars ($ ) per month. 5.6 Deleted, Not Applicable 5.7 Deleted, Not Applicable 5.8 - Deleted, Not Applicable 5.9 - Deleted, Not Applicable

Appears in 1 contract

Samples: Lease Agreement

RENT CONSIDERATION. 5.1 - Rent consideration installment payments shall be made during the month for which the installment applies. 5.2 - If the Leased premises are not ready for possession by the date established in paragraphs 2.4 and 3.6, the Lessee shall not be responsible for rent until taking possession, nor shall the Lessee waive any claims to damages which the Lessee may have suffered. 5.3 - The Lessee shall pay to the Lessor as annual rent consideration for the Leased premises from 12:01 a.m. , through 11:59 p.m. , at the rate of /100 dollars ($ ) per year, payable in installments of /100 dollars ($ ) per month. 5.4 Deleted, Not Applicable 5.5 In the event the Lessee exercises the renewal option pursuant to Article II, paragraph 2.5, the Lessee shall pay to the Lessor as rent consideration for the Leased premises from 12:01 a.m. , through 11:59 p.m. , at the rate of /100 dollars ($ ) per year, payable in installments of /100 dollars ($ ) per month. a) In the event the Lessee exercises the renewal option pursuant to Article II, paragraph 2.6, the Lessee shall pay to the Lessor as rent consideration for the Leased premises from 12:01 a.m. , through 11:59 p.m. , at the rate of /100 dollars ($ ) per year, payable in installments of /100 dollars ($ ) per month. 5.6 Deleted, Not Applicable 5.7 Deleted, Not Applicable 5.8 - Deleted, Not Applicable 5.9 - Deleted, Not Applicable

Appears in 1 contract

Samples: Lease Agreement

RENT CONSIDERATION. 5.1 - Rent consideration installment payments shall be made during the month for which the installment applies. 5.2 - If the Leased premises are not ready for possession by the date established in paragraphs 2.4 and 3.6, the Lessee shall not be responsible for rent until taking possession, nor shall the Lessee waive any claims to damages which the Lessee may have suffered. 5.3 - The Lessee shall pay to the Lessor as annual rent consideration for the Leased premises from 12:01 a.m. April 1, 2019, through 11:59 p.m. March 31, 2029, at the rate of /100 dollars ($ ) per year, payable in installments of /100 dollars ($ ) per month. 5.4 Deleted, Not Applicable 5.5 In the event the Lessee exercises the renewal option pursuant to Article II, paragraph 2.5, the Lessee shall pay to the Lessor as rent consideration for the Leased premises from 12:01 a.m. a.m April 1, 2029, through 11:59 p.m. March 31, 2034, at the rate of /100 dollars ($ ) per year, payable in installments of /100 dollars ($ ) per month. a) In the event the Lessee exercises the renewal option pursuant to Article II, paragraph 2.6, the Lessee shall pay to the Lessor as rent consideration for the Leased premises from 12:01 a.m. April 1, 2034, through 11:59 p.m. March, 2039, at the rate of /100 dollars ($ ) per year, payable in installments of /100 dollars ($ ) per month. 5.6 Deleted, Not Applicable 5.7 Deleted, Not Applicable 5.8 - Deleted, Not Applicable 5.9 - Deleted, Not Applicable 5.10 - Deleted, Not Applicable 5.11 - Deleted, Not Applicable 5.12 - Deleted, Not Applicable 5.13 - Reserved

Appears in 1 contract

Samples: Lease Agreement

RENT CONSIDERATION. 5.1 - Rent consideration installment payments shall be made during the month for which the installment applies. 5.2 - If the Leased premises are not ready for possession by the date established in paragraphs 2.4 and 3.6, the Lessee shall not be responsible for rent until taking possession, nor shall the Lessee waive any claims to damages which the Lessee may have suffered. 5.3 - The Lessee shall pay to the Lessor as annual rent consideration for the Leased premises from 12:01 a.m. June 1, 2021, through 11:59 p.m. May 31, 2026, at the rate of /100 dollars ($ ) per year, payable in installments of /100 dollars ($ ) per month. 5.4 Deleted, Not Applicable 5.5 In the event the Lessee exercises the renewal option pursuant to Article II, paragraph 2.5, the Lessee shall pay to the Lessor as rent consideration for the Leased premises from 12:01 a.m. June 1, 2026, through 11:59 p.m. May 31, at the rate of /100 dollars ($ ) per year, payable in installments of /100 dollars ($ ) per month. a) In the event the Lessee exercises the renewal option pursuant to Article II, paragraph 2.6, the Lessee shall pay to the Lessor as rent consideration for the Leased premises from 12:01 a.m. , through 11:59 p.m. 2031, at the rate of /100 dollars ($ ) per year, payable in installments of /100 dollars ($ ) per month. 5.6 Deleted, Not Applicable 5.7 Deleted, Not Applicable 5.8 - Deleted, Not Applicable 5.9 - Deleted, Not Applicable

Appears in 1 contract

Samples: Lease Agreement

RENT CONSIDERATION. 5.1 - Rent consideration installment payments shall be made during the month for which the installment applies. 5.2 - If the Leased premises are not ready for possession by the date established in paragraphs 2.4 and 3.6, the Lessee shall not be responsible for rent until taking possession, nor shall the Lessee waive any claims to damages which the Lessee may have suffered. 5.3 - The Lessee shall pay to the Lessor as annual rent consideration for the Leased premises from 12:01 a.m. November 1, 2018, through 11:59 p.m. October 31, 2028, at the rate of /100  /100 dollars ($ $ ) per year, payable in installments of /100  /100 dollars ($ $ ) per month. 5.4 Deleted, Not Applicable 5.5 In the event the Lessee exercises the renewal option pursuant to Article II, paragraph 2.5, the Lessee shall pay to the Lessor as rent consideration for the Leased premises from 12:01 a.m. November 1, 2028, through 11:59 p.m. October 31, 2033, at the rate of /100  /100 dollars ($ $ ) per year, payable in installments of /100  /100 dollars ($ $ ) per month. a) In the event the Lessee exercises the renewal option pursuant to Article II, paragraph 2.6, the Lessee shall pay to the Lessor as rent consideration for the Leased premises from 12:01 a.m. November 1, 2033, through 11:59 p.m. October 31, 2038, at the rate of /100 dollars ($ ) per year, payable in installments of /100 dollars ($ ) per month. 5.6 Deleted, Not Applicable 5.7 Deleted, Not Applicable 5.8 Deleted, Not Applicable 5.9 Deleted, Not Applicable 5.10 Deleted, Not Applicable 5.11 Deleted, Not Applicable 5.12 Deleted, Not Applicable 5.13 Reserved 5.14 Reserved 5.15 If the Lessor fails to provide maintenance or complete the remodeling or construction, as referenced in Article III, the Lessee may provide the required maintenance, or complete the required remodeling or construction, and deduct the costs from future rent consideration payments due the Lessor. 5.16 If the Lessor fails to provide supporting documentation or warranties, as required by Article III, fifteen percent (15%) of the monthly rent consideration shall be held by the Lessee, until the required documentation is provided to the Lessee. 5.17 The Lessee shall be entitled to an abatement of rent consideration for the period during which the Leased premises are rendered untenantable or incapable of the use for which the premises were leased as described in paragraph 1.

Appears in 1 contract

Samples: Lease Agreement

RENT CONSIDERATION. 5.1 - Rent consideration installment payments shall be made during the month for which the installment applies. 5.2 - If the Leased premises are not ready for possession by the date established in paragraphs 2.4 and 3.6, the Lessee shall not be responsible for rent until taking possession, nor shall the Lessee waive any claims to damages which the Lessee may have suffered. 5.3 - The Lessee shall pay to the Lessor as annual rent consideration for the Leased premises from 12:01 a.m. September 1, 2017, through 11:59 p.m. August 31, 2027, at the rate of /100 dollars ($ ) per year, payable in installments of /100 dollars ($ ) per month. 5.4 Deleted, Not Applicable 5.5 In the event the Lessee exercises the renewal option pursuant to Article II, paragraph 2.5, the Lessee shall pay to the Lessor as rent consideration for the Leased premises from 12:01 a.m. September 1, 2027, through 11:59 p.m. August 31, 2032, at the rate of /100 dollars ($ ) per year, payable in installments of /100 dollars ($ ) per month. a) In the event the Lessee exercises the renewal option pursuant to Article II, paragraph 2.6, the Lessee shall pay to the Lessor as rent consideration for the Leased premises from 12:01 a.m. September 1, 2032, through 11:59 p.m. August 31, 2037, at the rate of /100 dollars ($ ) per year, payable in installments of /100 dollars ($ ) per month. 5.6 Deleted, Not Applicable 5.7 Deleted, Not Applicable 5.8 - Deleted, Not Applicable 5.9 - Deleted, Not Applicable

Appears in 1 contract

Samples: Lease Agreement

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RENT CONSIDERATION. 5.1 - Rent consideration installment payments shall be made during the month for which the installment applies. 5.2 - If the Leased premises are not ready for possession by the date established in paragraphs 2.4 and 3.6, the Lessee shall not be responsible for rent until taking possession, nor shall the Lessee waive any claims to damages which the Lessee may have suffered. 5.3 - The Lessee shall pay to the Lessor as annual rent consideration for the Leased premises from 12:01 a.m. July 1, 2016, through 11:59 p.m. June 30, 2021, at the rate of /100 dollars ($ ) per year, payable in installments of /100 dollars ($ ) per month. 5.4 Deleted, Not Applicable 5.5 In the event the Lessee exercises the renewal option pursuant to Article II, paragraph 2.5, the Lessee shall pay to the Lessor as rent consideration for the Leased premises from 12:01 a.m. July 1, 2021, through 11:59 p.m. June 30, 2026, at the rate of /100 dollars ($ ) per year, payable in installments of /100 dollars ($ ) per month. a) In the event the Lessee exercises the renewal option pursuant to Article II, paragraph 2.6, the Lessee shall pay to the Lessor as rent consideration for the Leased premises from 12:01 a.m. July 1, 2026, through 11:59 p.m. June 30, 2031, at the rate of /100 dollars ($ ) per year, payable in installments of /100 dollars ($ ) per month. 5.6 Deleted, Not Applicable 5.7 Deleted, Not Applicable 5.8 - Deleted, Not Applicable 5.9 - Deleted, Not Applicable 5.10 - Deleted, Not Applicable 5.11 - Deleted, Not Applicable 5.12 - Deleted, Not Applicable 5.13 - Reserved

Appears in 1 contract

Samples: Lease Agreement

RENT CONSIDERATION. 5.1 - Rent consideration installment payments shall be made during the month for which the installment applies. 5.2 - If the Leased premises are not ready for possession by the date established in paragraphs 2.4 and 3.6, the Lessee shall not be responsible for rent until taking possession, nor shall the Lessee waive any claims to damages which the Lessee may have suffered. 5.3 - The Lessee shall pay to the Lessor as annual rent consideration for the Leased premises from 12:01 a.m. November 1, 2022, through 11:59 p.m. October 31, 2032, at the rate of /100 dollars ($ ) per year, payable in installments of /100 dollars ($ ) per month. 5.4 Deleted, Not Applicable 5.5 In the event the Lessee exercises the renewal option pursuant to Article II, paragraph 2.5, the Lessee shall pay to the Lessor as rent consideration for the Leased premises from 12:01 a.m. November 1, 2032, through 11:59 p.m. October 31, 2037, at the rate of /100 dollars ($ ) per year, payable in installments of /100 dollars ($ ) per month. a) In the event the Lessee exercises the renewal option pursuant to Article II, paragraph 2.6, the Lessee shall pay to the Lessor as rent consideration for the Leased premises from 12:01 a.m. November 1, 2037, through 11:59 p.m. October 31, 2042, at the rate of /100 dollars ($ ) per year, payable in installments of /100 dollars ($ ) per month. 5.6 Deleted, Not Applicable 5.7 Deleted, Not Applicable 5.8 - Deleted, Not Applicable 5.9 - Deleted, Not Applicable 5.10 - Deleted, Not Applicable 5.11 - Deleted, Not Applicable 5.12 - Deleted, Not Applicable 5.13 - Deleted, Not Applicable 5.14 - Deleted, Not Applicable

Appears in 1 contract

Samples: Lease Agreement

RENT CONSIDERATION. 5.1 - Rent consideration installment payments shall be made during the month for which the installment applies. 5.2 - If the Leased premises are not ready for possession by the date established in paragraphs 2.4 and 3.6, the Lessee shall not be responsible for rent until taking possession, nor shall the Lessee waive any claims to damages which the Lessee may have suffered. 5.3 - The Lessee shall pay to the Lessor as annual rent consideration for the Leased premises from 12:01 a.m. May 1, 2013, through 11:59 p.m. April 30, 2023, at the rate of /100 TBD/100 dollars ($ $TBD) per year, payable in installments of /100 TBD/100 dollars ($ $TBD) per month. 5.4 Deleted, Not Applicablenot applicable 5.5 In the event the Lessee exercises the renewal option pursuant to Article II, paragraph 2.5, the Lessee shall pay to the Lessor as rent consideration for the Leased premises from 12:01 a.m. May 1, 2023, through 11:59 p.m. April 30, 2033, at the rate of /100 TBD/100 dollars ($ $TBD) per year, payable in installments of /100 TBD/100 dollars ($ $TBD) per month. a) In the event the Lessee exercises the renewal option pursuant to Article II, paragraph 2.6, the Lessee shall pay to the Lessor as rent consideration for the Leased premises from 12:01 a.m. May 1, 2033, through 11:59 p.m. April 30, 2043, at the rate of /100 TBD/100 dollars ($ $TBD) per year, payable in installments of /100 TBD/100 dollars ($ $TBD) per month. 5.6 Deleted, Not Applicable

Appears in 1 contract

Samples: Lease Agreement

RENT CONSIDERATION. 5.1 - Rent consideration installment payments shall be made during the month for which the installment applies. 5.2 - If the Leased premises are not ready for possession by the date established in paragraphs 2.4 and 3.6, the Lessee shall not be responsible for rent until taking possession, nor shall the Lessee waive any claims to damages which the Lessee may have suffered. 5.3 - The Lessee shall pay to the Lessor as annual rent consideration for the Leased premises from 12:01 a.m. , through 11:59 p.m. , at the rate of /100 dollars ($ ) per year, payable in installments of /100 dollars ($ ) per month. 5.4 Deleted, Not Applicable 5.5 In the event the Lessee exercises the renewal option pursuant to Article II, paragraph 2.5, the Lessee shall pay to the Lessor as rent consideration for the Leased premises from 12:01 a.m. , through 11:59 p.m. , at the rate of /100 dollars ($ ) per year, payable in installments of /100 dollars ($ ) per month. a) In the event the Lessee exercises the renewal option pursuant to Article II, paragraph 2.6, the Lessee shall pay to the Lessor as rent consideration for the Leased premises from 12:01 a.m. , through 11:59 p.m. , at the rate of /100 dollars ($ ) per year, payable in installments of /100 dollars ($ ) per month. 5.6 Deleted, Not Applicable

Appears in 1 contract

Samples: Lease Agreement

RENT CONSIDERATION. 5.1 - Rent consideration installment payments shall be made during the month for which the installment applies. 5.2 - If the Leased premises are not ready for possession by the date established in paragraphs 2.4 and 3.6, the Lessee shall not be responsible for rent until taking possession, nor shall the Lessee waive any claims to damages which the Lessee may have suffered. 5.3 - The Lessee shall pay to the Lessor as annual rent consideration for the Leased premises from 12:01 a.m. , through 11:59 p.m. , at the rate of /100 dollars ($ ) per year, payable in installments of /100 dollars ($ ) per month. {years 1-5} a) If the Lessee cancels the Lease during the first five (5) years in accordance with paragraph 11.1, Lessee shall pay Lessor a lump sum amount equal to the square footage, as stated in paragraph 2.1, multiplied by the applicable square foot reimbursement rate as listed below: 1. Year One - $17.00 per square foot 2. Year Two - $14.00 per square foot 3. Year Three - $11.00 per square foot 4. Year Four - $8.00 per square foot 5. Year Five - $5.00 per square foot This lump sum payment shall be made within thirty (30) days after the cancellation date of the Lease. As used in this paragraph, the term "Year" shall mean the twelve (12) month period commencing with the first day of possession, and each subsequent twelve (12) month period thereafter. b) The Lessee shall pay to the Lessor as rent consideration for the Leased premises from 12:01 a.m. , through 11:59 p.m. , at the rate of /100 dollars ($ ) per year, payable in installments of /100 dollars ($ ) per month. {years 6-10} 5.4 Deleted, Not Applicable 5.5 In the event the Lessee exercises the renewal option pursuant to Article II, paragraph 2.5, the Lessee shall pay to the Lessor as rent consideration for the Leased premises from 12:01 a.m. , through 11:59 p.m. , at the rate of /100 dollars ($ ) per year, payable in installments of /100 dollars ($ ) per month. a) In the event the Lessee exercises the renewal option pursuant to Article II, paragraph 2.6, the Lessee shall pay to the Lessor as rent consideration for the Leased premises from 12:01 a.m. , through 11:59 p.m. , at the rate of /100 dollars ($ ) per year, payable in installments of /100 dollars ($ ) per month. 5.6 Deleted, Not Applicable

Appears in 1 contract

Samples: Lease Agreement

RENT CONSIDERATION. 5.1 - Rent consideration installment payments shall be made during the month for which the installment applies. 5.2 - If the Leased premises are not ready for possession by the date established in paragraphs 2.4 and 3.6, the Lessee shall not be responsible for rent until taking possession, nor shall the Lessee waive any claims to damages which the Lessee may have suffered. 5.3 - The Lessee shall pay to the Lessor as annual rent consideration for the Leased premises from 12:01 a.m. February 1, 2018, through 11:59 p.m. January 31, 2023, at the rate of /100 dollars ($ ) per year, payable in installments of /100 dollars ($ ) per month. 5.4 Deleted, Not Applicable 5.5 In the event the Lessee exercises the renewal option pursuant to Article II, paragraph 2.5, the Lessee shall pay to the Lessor as rent consideration for the Leased premises from 12:01 a.m. February 1, 2023, through 11:59 p.m. January 31, at the rate of /100 dollars ($ ) per year, payable in installments of /100 dollars ($ ) per month. a) In the event the Lessee exercises the renewal option pursuant to Article II, paragraph 2.6, the Lessee shall pay to the Lessor as rent consideration for the Leased premises from 12:01 a.m. , through 11:59 p.m. 2028, at the rate of /100 dollars ($ ) per year, payable in installments of /100 dollars ($ ) per month. 5.6 Deleted, Not Applicable 5.7 Deleted, Not Applicable 5.8 - Deleted, Not Applicable 5.9 - Deleted, Not Applicable

Appears in 1 contract

Samples: Lease

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