Common use of Rent Payments Clause in Contracts

Rent Payments. (A) Annual Rent Payable for the first Lease Year: Lessee shall pay to Lessor an annual Base Rent of $ 76,600.00, which amount shall be payable in advance on the first day of each month in equal monthly installments of $ 3,191.67 to Fund XVII and $3,191.66 to Fund XVIII. If the first day of the Lease Term is not the first day of a calendar month, then the monthly Rent payable for that partial month shall be a prorated portion of the equal monthly installment of Base Rent. (B) Annual Rent Payable beginning with the Second Lease Year and each Lease Year thereafter shall increase by an amount equal to One Percent (1%) of the Base Rent payable for the immediately prior Lease Year. Such increased Base Rent shall be payable in advance of the first day of each month in equal monthly installments.

Appears in 2 contracts

Samples: Net Lease Agreement (Aei Real Estate Fund Xviii Limited Partnership), Net Lease Agreement (Aei Real Estate Fund Xvii Limited Partnership)

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Rent Payments. (A) Annual Rent Payable for the first Lease Year: Lessee shall pay to Lessor an annual Base Rent of $ 76,600.00$141,242.50, which amount shall be payable in advance on the first day of each month in equal monthly installments of $ 3,191.67 to Fund XVII and $3,191.66 to Fund XVIII11,770.21. If the first day of the Lease Term is not the first day of a calendar month, then the monthly Rent payable for that partial month shall be a prorated portion of the equal monthly installment of Base Rent. (B) Annual Rent Payable beginning with the Second Lease Year and each Lease Year thereafter thereafter: 1. The annual Base Rent due and payable shall increase by an amount equal to One and 925/1000 Percent (11.925%) of the Base Rent payable for the immediately prior Lease Year. Such increased Base Rent shall be payable in advance of the first day of each month in equal monthly installments.

Appears in 1 contract

Samples: Net Lease Agreement (Aei Income & Growth Fund Xxi LTD Partnership)

Rent Payments. (A) Annual Rent Payable for the first Lease Year: Lessee shall pay to Lessor an annual Base Rent of $ 76,600.00$211,500, which amount shall be payable in advance on the first day of each month in equal monthly installments of $ 3,191.67 $8,812.50 to Fund XVII and $3,191.66 8,812.50 to Fund XVIII. XIX If the first day of the Lease Term is not the first day of a calendar month, then the monthly Rent payable for that partial month shall be a prorated portion of the equal monthly installment of Base Rent. (B) Annual Rent Payable beginning with the Second Lease Year and each Lease Year thereafter shall increase by an amount equal to One one Percent (1%) of the Base Rent payable for the immediately prior Lease Year. Such increased Base Rent shall be payable in advance of the first day of each month in equal monthly installments.

Appears in 1 contract

Samples: Net Lease Agreement (Aei Net Lease Income & Growth Fund Xix Limited Partnership)

Rent Payments. (A) Annual Rent Payable for the first Lease Year: Lessee shall pay to Lessor an annual Base Rent of $ 76,600.00$78.405.20, which amount shall be payable in advance on the first day of each month in equal monthly installments of $ 3,191.67 $6,533.77 to Fund XVII and $3,191.66 to Fund XVIII24. If the first day of the Lease Term is not the first day of a calendar month, then the monthly Rent payable for that partial month shall be a prorated portion of the equal monthly installment of Base Rent. (B) Annual Rent Payable beginning with the Second Lease Year and each Lease Year thereafter shall increase by an amount equal to One Percent (1%) of the Base Rent payable for the immediately prior Lease Year. Such increased Base Rent shall be payable in advance of the first day of each month in equal monthly installments.

Appears in 1 contract

Samples: Net Lease Agreement (Aei Income & Growth Fund 24 LLC)

Rent Payments. (A) Annual Rent Payable for the first Lease Year: Lessee shall pay to Lessor an annual Base Rent of $ 76,600.0079,425, which amount shall be payable in advance on the first day of each month in equal monthly installments of $ 3,191.67 6,618.75 to Fund XVII and $3,191.66 to Fund XVIII23. If the first day of the Lease Term is not the first day of a calendar month, then the monthly Rent payable for that partial month shall be a prorated portion of the equal monthly installment of Base Rent. (B) Annual Rent Payable beginning with the Second Lease Year and each Lease Year thereafter shall increase by an amount equal to One Percent (1%) of the Base Rent payable for the immediately prior Lease Year. Such increased Base Rent shall be payable in advance of the first day of each month in equal monthly installments.

Appears in 1 contract

Samples: Net Lease Agreement (Aei Income & Growth Fund 23 LLC)

Rent Payments. (A) Annual Rent Payable for the first Lease Year: Lessee shall pay to Lessor an annual Base Rent of $ 76,600.00$212,750, which amount shall be payable in advance on the first day of each month in equal monthly installments of $ 3,191.67 $8,864.59 to Fund XVII 25 and $3,191.66 8,864,59 to Millennium Fund XVIII. If the first day of the Lease Term is not the first day of a calendar month, then the monthly Rent payable for that partial month shall be a prorated portion of the equal monthly installment of Base Rent. (B) Annual Rent Payable beginning with the Second Lease Year and each Lease Year thereafter shall increase by an amount equal to One one Percent (1%) of the Base Rent payable for the immediately prior Lease Year. Such increased Base Rent shall be payable in advance of the first day of each month in equal monthly installments.

Appears in 1 contract

Samples: Net Lease Agreement (Aei Income & Growth Fund 25 LLC)

Rent Payments. (A) Annual Rent Payable for the first and second Lease Year: Lessee shall pay to Lessor an annual Base Rent of $ 76,600.00$35,793.75, which amount shall be payable in advance on the first day of each month in equal monthly installments of $ 3,191.67 $2,982.81 to Fund XVII and $3,191.66 to Fund XVIII25. If the first day of the Lease Term is not the first day of a calendar month, then the monthly Rent payable for that partial month shall be a prorated portion of the equal monthly installment of Base Rent. (B) Annual Rent Payable beginning with the Second Third Lease Year and the beginning of each Lease Year thereafter shall increase by an amount equal to One one Percent (1%) of the Base Rent payable for the immediately prior Lease Year. Such increased Base Rent shall be payable in advance of the first day of each month in equal monthly installments.

Appears in 1 contract

Samples: Net Lease Agreement (Aei Income & Growth Fund 25 LLC)

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Rent Payments. (A) Annual Rent Payable for the first and second Lease YearYears: Lessee shall pay to Lessor an annual Base Rent of $ 76,600.00$30,133.37, which amount shall be payable in advance on the first day of each month in equal monthly installments of $ 3,191.67 $2,511.11 to Fund XVII and $3,191.66 to Fund XVIIIXVII. If the first day of the Lease Term is not the first day of a calendar month, then the monthly Rent payable for that partial month shall be a prorated portion of the equal monthly installment of Base Rent. (B) Annual Rent Payable beginning with in the Second Lease Year third and each Lease Year thereafter thereafter: In the third and every Lease Year thereafter, the annual Base Rent due and payable shall increase by an amount equal to One and Nine Hundred Twenty Five Thousandths Percent (11.925%) of the Base Rent payable for the immediately prior Lease Year. Such increased Base Rent shall be payable in advance of the first day of each month in equal monthly installments.

Appears in 1 contract

Samples: Net Lease Agreement (Aei Real Estate Fund Xvii Limited Partnership)

Rent Payments. (A) Annual Rent Payable for the first Lease Year: Lessee shall pay to Lessor an annual Base Rent of $ 76,600.00$113,625, which amount shall be payable in advance on the first day of each month in equal monthly installments of $ 3,191.67 to Fund XVII and $3,191.66 to Fund XVIII9,468.75. If the first day of the Lease Term is not the first day of a calendar month, then the monthly Rent payable for that partial month shall be a prorated portion of the equal monthly installment of Base Rent. (B) Annual Rent Payable beginning with the Second Lease Year and each Lease Year thereafter thereafter: 1. The annual Base Rent due and payable shall increase by an amount equal to One and 925/1000 Percent (11.925%) of the Base Rent payable for the immediately prior Lease Year. Such increased Base Rent shall be payable in advance of the first day of each month in equal monthly installments.

Appears in 1 contract

Samples: Net Lease Agreement (Aei Real Estate Fund Xv LTD Partnership)

Rent Payments. (A) Annual Rent Payable for the first Lease Year: Lessee shall pay to Lessor an annual Base Rent of $ 76,600.00$198,875, which amount shall be payable in advance on the first day of each month in equal monthly installments of $ 3,191.67 $16,572.92 to Fund XVII and $3,191.66 to Fund XVIIIXX. If the first day of the Lease Term is not the first day of a calendar month, then the monthly Rent payable for that partial month shall be a prorated portion of the equal monthly installment of Base Rent. (B) Annual Rent Payable beginning with the Second Lease Year and each Lease Year thereafter shall increase by an amount equal to One one Percent (1%) of the Base Rent payable for the immediately prior Lease Year. Such increased Base Rent shall be payable in advance of the first day of each month in equal monthly installments.

Appears in 1 contract

Samples: Net Lease Agreement (Aei Net Lease Income & Growth Fund Xx Limited Partnership)

Rent Payments. (A) Annual Rent Payable for the first Lease Year: Lessee shall pay to Lessor an annual Base Rent of $ 76,600.00$85,050, which amount shall be payable in advance on the first day of each month in equal monthly installments of $ 3,191.67 $7,087.50 to Fund XVII and $3,191.66 to Fund XVIIIXXI. If the first day of the Lease Term is not the first day of a calendar month, then the monthly Rent payable for that partial month shall be a prorated portion of the equal monthly installment of Base Rent. (B) Annual Rent Payable beginning with the Second start of the Third Lease Year and the beginning of each Lease Year thereafter shall increase by an amount equal to One Two Percent (12%) of the Base Rent payable for the immediately prior Lease Year. Such increased Base Rent shall be payable in advance of the first day of each month in equal monthly installments.

Appears in 1 contract

Samples: Net Lease Agreement (Aei Income & Growth Fund Xxi LTD Partnership)

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