Rent During Term Sample Clauses

Rent During Term. The Base Rent payable by Tenant during the Term shall be increased annually by the increase if any, in the Consumer Price Index for All Urban Consumers (Los Angeles - Long Beach - Anaheim), "All Items," which is compiled and published by the United States Department of Labor, Bureau of Labor Statistics or any successor agency. During the term of the Agreement, the monthly rent payable under paragraph 3.1 shall be adjusted by the change, if any, from the Base Month specified below, in the Consumer Price Index of the Bureau of Labor Statistics of the U.S. Department of Labor for CPIU (All Urban Consumers), for Los Angeles - Long Beach - Riverside. All items (1982- 1984=100), herein referred to as "C.P.I." The monthly rent payable in accordance with this paragraph shall be calculated as follows: the Base Rent set forth in paragraph 3.1, shall be multiplied by a fraction the numerator of which shall be the C.P.I. of the calendar month two (2) months prior to the month(s) specified above during which the adjustment is to take effect, and the denominator of which shall be the C.P.I. of the calendar month which is two (2) months prior to the first month of the immediately preceding Lease Year with each year beginning on the anniversary of the Commencement Date. The sum so calculated shall constitute the new monthly rent hereunder, but in no event, shall any such new monthly rent be less than the rent payable for the month immediately preceding the date for rent adjustment. In the event that the Bureau of Labor Statistics, United States Department of Labor, should cease to publish said price index, then any similar index compiled and published by any other branch or department of the United States government shall be used for the purpose of making the foregoing rental adjustment.

Rent During Term. Subject to the terms of this Lease Agreement, Tenant ---------------- agrees to pay the Landlord rent for the Leased Premises, as follows: (a) For the first year of this Lease Agreement, the annual rental to be paid by Tenant to Landlord shall be $447,319 ("Base Rent"), payable in twelve -------- equal monthly installments of $37,276.58 each, with each monthly installment ---------- payable on or before the 15th day of each month during the first year of this Lease Agreement. For the purposes of this Lease Agreement, "first year of this Lease Agreement" shall mean the twelve month period beginning on the date of this Lease Agreement and ending March 6 , 1988. (b) Within fifteen (15) days after the beginning of each year during the term hereof after the first year of this Lease Agreement - the amount of the annual rental to be paid by Tenant to the Landlord for such year shall be calculated and determined, as follows ("Adjusted Annual Rental"): The Base Rent less the amount or amounts received during the preceding year just ended by the Landlord of all income, revenues or payments due to or as a result of or from the oil and gas working interests listed in Exhibit B attached hereto and which is incorporated herein by reference ("Oil and Gas Revenues"). Within ten (10) days after the beginning of each year during the term hereof after the first year of this Lease Agreement, the Landlord shall advise the Tenant of the amount of the oil and Gas Revenues received by the Landlord during the preceding year just ended and shall advise the Tenant of the Adjusted Annual Rental, if any, based on the above calculation for such year. The Tenant shall pay to the Landlord the Adjusted Annual Rental for such year in twelve (12) equal monthly installments during said year, with each monthly installment payable on or before the 15th day of each month during such year. If in calculating the Annual Adjusted Rental for a particular year the oil and Gas Revenues for the preceding year just ended is equal to or greater than the Base Rental, then no rental shall be payable to the Landlord by the Tenant hereunder during such year, and the amount by which such oil and Gas Revenues exceeds the Base Rent shall be carried forward and added to the amount of Oil and Gas Revenues in calculating the Annual Adjusted Rental for the next subsequent year. For the purposes of this Lease Agreement, a "year" means a twelve month period beginning on March 7 and ending on March 6.

Rent During Term. Landlord reserves and Tenant covenants to pay to Landlord during the Term of this Lease without demand or notice, and without any setoff or deduction, a net basic rental (herein called “Basic Rent”) in advance on the first day of each and every month, as follows: 7/1/99 – 6/30/2004 $370,309.14/yr payable $30,859.10/mo

Rent During Term. For the period beginning on the date of this Lease and terminating on the Rent Commencement Date, Lessee shall pay no Rent. For the period beginning on the Rent Commencement Date and continuing throughout the remainder of the Term, Lessee shall pay one dollar ($1.00) per year, paid in advance on the Rent Commencement Date in one lump sum amount of $55.00 to the Lessor. PRIVATE 4.3 Other Expenses tc \l 2 " 4.3 In addition to the Rent as set forth in Section 4.2 hereinabove, Lessee shall pay or cause to be paid all insurance, operating and maintenance expenses associated with the Premises and the Improvements pursuant to the terms of this Lease, but specifically excluding all ad valorem property taxes and possessory interest taxes, assessed against or otherwise imposed with respect to, the Land, the Improvements or the Personal Property ("Other Expenses"). From and after the date hereof, Lessee shall pay or cause to be paid the Other Expenses on or before the date such Other Expenses are due, and under no circumstances shall Lessee be entitled to a credit or other waiver with respect to the Other Expenses. PRIVATE 5. TAXES tc \l 1 " 5. TAXES" . PRIVATE 5.1 Lessor to Pay Taxes tc \l 2 " 5.1 Landlord to Pay Taxes" . Throughout the Term of this Lease, Lessor shall pay, except as otherwise provided in this Lease, all taxes, all ad valorem property taxes, possessory interest taxes, general or special assessments, levies and other charges levied on, assessed against or otherwise imposed with respect to, the Land, the Improvements or the Personal Property, including, without limitation, any possessory interest taxes levied against Lessee with respect to its Leasehold interest created hereby, which may be levied upon or assessed against or become a lien in any manner upon the Premises, or any Improvements, or any Personal Property, or any part thereof, by or according to any law or governmental, legal, political or other authority whatsoever (collectively "Taxes"). PRIVATE 5.2 Other Taxes tc \l 2 " 5.2 Other Lessee shall not be required to pay any income, franchise, estate, inheritance, succession, capital levy or transfer tax assessed against Lessor or any Successor of Lessor, or any income, excess profits or revenue tax or any other similar tax, assessment, charge or levy upon the Rent or other income derived by Lessor or any Successor of Lessor under this Lease.

Rent During Term. ("BASIC RENT"). Landlord reserves and Tenant covenants to pay to Landlord, without demand or notice, and without any set-off or deduction (except as herein specifically set forth), a basic annual rental (herein the "Basic Rent") of $752,181.85 for each year of the Term of this Lease, payable, in advance, on the first day of each and every month, in monthly installments of $62,681.82. The Basic Rent is calculated at $17.15 per square foot for the office space and $7.00 per square foot for the warehouse space.

Rent During Term. Landlord reserves and Tenant covenants to pay to Landlord during the Term of this Lease without demand or notice, and without any setoff or deduction, a net basic rental (herein called "Basic Rent") in advance on the first day of each and every month, as follows: 4/1/2002 - 3/31/2005 $385,437.50 payable $32,119.79/month 4/1/2005 - 3/31/2007 $423,981.25 payable $35,331.77/month Notwithstanding the above, Tenant shall not be required to pay Basic Rent until the business day following Landlord's delivery of written notice that the Office Work has been substantially completed. Substantially Completed, as used in this Section, is intended to constitute that stage of completion which will permit the Tenant to use the office areas for their intended purpose without any substantial interference by reason of any failure of Landlord to finish punch list items.

Rent During Term. Lessee agrees to pay to Lessor an annual net minimum rent ("Minimum Rent") equal to One Dollar ($1.00) per annum. The Minimum Rent has been paid by Lessee to Lessor in advance in a lump sum payment of Ninety-Nine Dollars ($99.00), receipt of which is hereby acknowledged by Lessor.

Rent During Term. Basic Rent"). Landlord reserves and ------------------------------- Tenant covenants to pay to Landlord, without demand or notice, and without any set-off or deduction, a net basic rental therein the "Basic Rent" of For the period of April 1, 1990-March 31, 2000 annual base rental shall be ONE HUNDRED SIXTY TWO THOUSAND DOLLARS ($162,000.00) payable in equal monthly payments of THIRTEEN THOUSAND FIVE HUNDRED DOLLARS ($13,500.00).*