Rent; Net Lease. (a) Tenant covenants and agrees to pay to Landlord at its address as set forth in the preamble to this Lease or at such other place as Landlord shall from time to time designate in writing, during the Lease Term, the Base Rent, without holdback or set-off, in advance, commencing on the Rent Commencement Date and continuing thereafter on the first day of each calendar month during the Lease Term. All other items of Rent shall be paid, without holdback or set-off, in accordance with the terms of this Lease. If any payment of Rent is received by Landlord more than five (5) days after the date when such payment is due, a late charge of five percent (5%) of the past due payment shall be assessed, due and payable immediately and without notice.
(b) Landlord and Tenant acknowledge and agree that this Lease is intended to constitute, and shall constitute, an absolutely ‘net” Lease such that the Rent shall provide Landlord with a “net” return for the Term, free of all expenses and charges with respect to the Leased Premises, all of which shall be Tenant’s responsibility. Accordingly, Tenant shall pay as additional Rent and discharge, at the times specified herein, or if no time is specified, before failure to pay the same shall give rise to any interest or penalty or create any risk of lien or forfeiture, each and every item of expense, of every kind and nature whatsoever, foreseen or unforeseen, ordinary or extraordinary, related to or arising from the Leased Premises, or by reason of, or in any manner connected with or arising from, the development, leasing, operation, management, maintenance, repair, replacement, use, and/or occupancy of the Leased Premises.
Rent; Net Lease. Tenant agrees to pay Landlord at Xxxxxxxx's address or at such other place designated by Landlord by written notice to Tenant the Rent, in lawful money of the United States, in advance, without demand, off-set or deduction, on the first day of each calendar month of the Term hereof and in the event the Term commences or the date of expiration of this Lease occurs other than on the first day or the last day of a calendar month, the Rent for such month shall be prorated. This Lease is what is commonly called a "net lease," it being understood that Landlord shall receive the Rent free and clear of any and all impositions, taxes, liens, charges or expenses of any nature or kind whatsoever in connection with the ownership and operation of the Premises, including reimbursement of an asset management fee equal to two percent (2%) of the Rent. If Rent is not received as provided above, a late charge shall be payable by Xxxxxx as provided in Paragraph 13.
Rent; Net Lease. Tenant agrees to pay Landlord at Landlord's address, or at such other place designated by Landlord by written notice to Tenant, the Rent, in lawful money of the United States, in advance, without demand, off-set or deduction, on the first day of each calendar month of the Term hereof. In the event the Term commences or the date of expiration of this Lease occurs other than on the first day or the last day of a calendar month, the Rent for such month shall be prorated. This Lease is what is commonly called a "net lease"; it being understood that Landlord shall receive the Rent free and clear of any and all impositions, taxes, liens, charges or expenses of any nature or kind whatsoever in connection with the ownership and operation of the Premises. If Rent is not received as provided above and on or before the fifth day of each calendar month, a 6% late charge shall be payable by Tenant as provided in Paragraph 13.4 to compensate Landlord for expense incurred by Landlord for record keeping and collection. In the event that a late charge is payable, whether or not collected, three times in any twelve month period, then Rent shall automatically become due and payable quarterly in advance for the next twelve month period.
Rent; Net Lease. (a) The weekly rent payable by Lessee with respect to the Equipment (the "Rent") shall be the amount specified on Exhibit B. Lessee shall pay the Rent to Lessor, in arrears, for each week or any part thereof during which this Agreement is in effect. Rent shall be due and payable on or before Monday of each week, commencing with Monday of the week immediately following the week in which the Commencement Date occurs. All Rent shall be paid to Lessor at its address set forth in Exh (b) Lessee acknowledges that, except as otherwise expressly stated herein, this Agreement provides for a "net lease," it being the intention of the parties that all costs, expenses and liability associated with the Equipment and the purchase and lease of the Equipment (including, without limitation, charges payable under the maintenance agreement referred to in Section 11) shall be borne by Lessee unless otherwise expressly provided in this Agreement. Lessee's obligation to pay Rent, Impositions (as her
Rent; Net Lease. 1 2.1 RENT.........................................................................1
Rent; Net Lease. (a) Lessee shall pay to Lessor rent in respect of the lease of the Fixtures and Equipment the amount of One Hundred Fifty Thousand Dollars ($150,000) per annum during the Lease Term (“Rent”). Such amounts shall be paid by Lessee to Lessor in equal monthly installments of Twelve Thousand Five Hundred Dollars ($12,500) each, the first of which shall be due on the date hereof pursuant to Section 5 of the Letter Agreement. Each subsequent monthly installment of rent thereafter shall be due and payable on the first day of each calendar month during the Lease Term and shall be paid by check payable in U.S. Dollars to Lessor at its office specified pursuant to Section 11(b) below, or at such other location as Lessor shall specify. Rent for partial calendar months shall be prorated. In the event any rent or other amounts due hereunder shall not be paid within 5 days of the date when due, after notice from Lessor of such non-payment, Lessee shall pay Lessor, for the period during which such amount is past due following the expiration of such 5-day period, interest on such overdue amount from the expiration of such 5-day period to the date of payment at a rate of 6% per annum.
(b) This Lease constitutes a net lease. Lessee shall promptly pay all costs, expenses and obligations of every kind and nature incurred in connection with the use or operation of the Fixtures and Equipment which may arise or be payable during the Lease Term hereunder, whether or not such cost, expense or obligation is specifically referred to herein.
Rent; Net Lease. Lessee hereby covenants and agrees to pay to Lessor at the Lessor's address mentioned above, rent of $1.00 per year, which shall be due and payable on or before the first day of April of each lease year. Except as may otherwise be provided in this Lease, the parties intend that the rent to be paid to Lessor under this Lease shall be net to Lessor and that all costs and expenses relating to the Leased Premises or that may arise or become due during the term shall be borne entirely by Lessee, including, but not limited to, any real estate taxes attributable to the Leased Premises. The parties also agree and intend that such rent does not constitute the sole consideration for Lessor's lease of the Leased Premises, but that such consideration also includes all of Lessee's affirmative obligations hereunder.
Rent; Net Lease. Tenant agrees to pay Landlord at Landlord's address or at sxxx xxxxr place designated by Landlord by written notice to Tenant the Rent, in lawful money of the United States, in advance, without demand, off-set or deduction, on the first day of each calendar month of the Term hereof and in the event the Term commences or the date of expiration of this Lease occurs other than on the first day or the last day of a calendar month, the Rent for such month shall be prorated. This Lease is what is commonly called a "net lease," it being understood that Landlord shall receive the Rent free and clear of any and all impositions, taxes, liens, charges or expenses of any nature or kind whatsoever in connection with the ownership and operation of the Premises. If Rent is not received as provided above, a late charge shall be payable by Tenant as provided in Paragxxxx 03.4.
Rent; Net Lease. Rent will be due and payable in advance with respect to each item of Equipment on the first day of each month, commencing on the Commencement Date, and shall continue until the return of such item of Equipment by Lessee to Lessor in accordance with the terms of this Lease, Charges, if any, from the date of acceptance by Lessee to the Commencement Date shall be at the daily rate of 1/30th of the monthly Rent and shall be payable in arrears on the Commencement Date. Xxxxxx acknowledges and agrees that (i) THIS IS A NET LEASE AND THAT ALL COSTS, EXPENSES AND LIABILITIES IN CONNECTION WITH THE EQUIPMENT SHALL BE BORNE BY XXXXXX, (ii) that Xxxxxx's obligation to pay Lessor all amounts due hereunder is absolute and unconditional, and (iii) Lessee shall not be entitled to any abatement, reduction, set-off, counterclaim, defense or deduction with respect to any Rent or other sum payable hereunder.
Rent; Net Lease. Tenant agrees to pay Landlord at Landlord's Address, or at such other place designated by Landlord by written notice to Tenant, the Rent, in lawful money of the United States, in advance, without demand, off-set or deduction, on the first day of each calendar month of the Term hereof. In the event the Term commences or the date of expiration of this Lease occurs other than on the first day or the last day of a calendar month, the Rent for such month shall be prorated. This Lease is what is commonly called a "triple net lease"; it being understood that Landlord shall receive the Rent free and clear of any and all impositions, taxes, liens, charges or expenses of any nature or kind whatsoever in connection with the ownership and operation of the Premises. In addition to the Rent, Tenant shall pay a fee in the amount of 3% of the Rent to compensate Landlord for property management services relating to the Premises. If Rent is not received as provided above and on or before the first day of each calendar month, a 6% late charge shall be payable by Tenant as provided in Paragraph 13.4 to compensate Landlord for expense incurred by Landlord for recordkeeping and collection. In the event that a late charge is payable, whether or not collected, three times in any twelve month period, then Rent shall automatically become due and payable quarterly in advance for the next twelve month period.
