Rental Payments. A. Annual Rent Payable for the first through Fifth Lease Years: For each of the first five Lease Years, Lessee shall pay to Lessor an annual rent of $166,535, which amount shall be payable in advance without demand on the first day of each month in equal monthly installments of $13,877.92 to Lessor. If the first day of the first month of the Lease Term is not the first day of a calendar month, then the monthly rental payable for that partial month shall be a prorated portion of the equal monthly installment of rent. B. Annual Rent Payable for the Sixth through Tenth Lease Years: The Annual Rent payable for the Sixth through the Tenth Lease Years shall be the same amount each year and shall be computed at the beginning of the sixth Lease Year to be an amount equal to the rent paid for the Fifth Lease Year, increased by the lesser of ten percent (10%) of the rent for the Fifth Lease Year, or two hundred percent (200%) of the "CPI Increase", as defined below, times the rent for the Fifth Lease Year.
Appears in 1 contract
Samples: Net Lease Agreement (Aei Income & Growth Fund 24 LLC)
Rental Payments. A. Annual Rent Payable for the first through Fifth Lease Years: For each of the first five Lease Years, Lessee shall pay to Lessor an annual rent of $166,53591,677.26, which amount shall be payable in advance without demand on the first day of each month in equal monthly installments of $13,877.92 to Lessor7,639.77. If the first day of the first month of the Lease Term is not the first day of a calendar month, then the monthly rental payable for that partial month shall be a prorated portion of the equal monthly installment of rent.
B. Annual Rent Payable for the Sixth through Tenth Lease Years: The Annual Rent payable for the Sixth through the Tenth Lease Years shall be the same amount each year and shall be computed at the beginning of the sixth Lease Year to be an amount equal to the rent paid for the Fifth Lease Year, increased by the lesser of ten percent (10%) of the rent for the Fifth Lease Year, or two hundred percent (200%) of the "CPI Increase", as defined below, times the rent for the Fifth Lease Year.
Appears in 1 contract
Samples: Net Lease Agreement (Aei Income & Growth Fund Xxii LTD Partnership)
Rental Payments. A. Annual Rent Payable for the first through Fifth Lease Years: For each of the first five Lease Years, Lessee shall pay to Lessor an annual rent of $166,535147,820, which amount shall be payable in advance without demand on the first day of each month in equal monthly installments of $13,877.92 4,311.42 to LessorLessor Fund XVII Inc., $4,311.42 to Lessor Fund XX, and $3,695.49 to Lessor Fund 23. If the first day of the first month of the Lease Term is not the first day of a calendar month, then the monthly rental payable for that partial month shall be a prorated portion of the equal monthly installment of rent.
B. Annual Rent Payable for the Sixth through Tenth Lease Years: The Annual Rent payable for the Sixth through the Tenth Lease Years shall be the same amount each year and shall be computed at the beginning of the sixth Lease Year to be an amount equal to the rent paid for the Fifth Lease Year, increased by the lesser of ten percent (10%) of the rent for the Fifth Lease Year, or two hundred percent (200%) of the "CPI Increase", as defined below, times the rent for the Fifth Lease Year.
Appears in 1 contract
Samples: Net Lease Agreement (Aei Net Lease Income & Growth Fund Xx Limited Partnership)
Rental Payments. A. Annual Rent Payable for the first through Fifth Lease Years: For each of the first five Lease Years, Lessee shall pay to Lessor an annual rent of $166,53583,635.37, which amount shall be payable in advance without demand on the first day of each month in equal monthly installments of $13,877.92 to Lessor6,969.61. If the first day of the first month of the Lease Term is not the first day of a calendar month, then the monthly rental payable for that partial month shall be a prorated portion of the equal monthly installment of rent.
B. Annual Rent Payable for the Sixth through Tenth Lease Years: The Annual Rent payable for the Sixth through the Tenth Lease Years shall be the same amount each year and shall be computed at the beginning of the sixth Lease Year to be an amount equal to the rent paid for the Fifth Lease Year, increased by the lesser of ten percent (10%) of the rent for the Fifth Lease Year, or two hundred percent (200%) of the "CPI Increase", as defined below, times the rent for the Fifth Lease Year.
Appears in 1 contract
Samples: Net Lease Agreement (Aei Income & Growth Fund Xxii LTD Partnership)
Rental Payments. A. Annual Rent Payable for the first through Fifth Lease Years: For each of the first five Lease Years, Lessee shall pay to Lessor an annual rent of $166,535144,112.50, which amount shall be payable in advance without demand on the first day of each month in equal monthly installments of $13,877.92 12,009.38 to Lessor. If the first day of the first month of the Lease Term is not the first day of a calendar month, then the monthly rental payable for that partial month shall be a prorated portion of the equal monthly installment of rent.
B. Annual Rent Payable for the Sixth through Tenth Lease Years: The Annual Rent payable for the Sixth through the Tenth Lease Years shall be the same amount each year and shall be computed at the beginning of the sixth Lease Year to be an amount equal to the rent paid for the Fifth Lease Year, increased by the lesser of ten percent (10%) of the rent for the Fifth Lease Year, or two hundred percent (200%) of the "CPI Increase", as defined below, times the rent for the Fifth Lease Year.
Appears in 1 contract
Samples: Net Lease Agreement (Aei Income & Growth Fund Xxi LTD Partnership)
Rental Payments. A. Annual Rent Payable for the first through Fifth Lease Years: For each of the first five Lease Years, Lessee shall pay to Lessor an annual rent of $166,535180,211.50, which amount shall be payable in advance without demand on the first day of each month in equal monthly installments of $13,877.92 15,017.63 to Lessor. If the first day of the first month of the Lease Term is not the first day of a calendar month, then the monthly rental payable for that partial month shall be a prorated portion of the equal monthly installment of rent.
B. Annual Rent Payable for the Sixth through Tenth Lease Years: The Annual Rent payable for the Sixth through the Tenth Lease Years shall be the same amount each year and shall be computed at the beginning of the sixth Lease Year to be an amount equal to the rent paid for the Fifth Lease Year, increased by the lesser of ten percent (10%) of the rent for the Fifth Lease Year, or two hundred percent (200%) of the "CPI Increase", as defined below, times the rent for the Fifth Lease Year.
Appears in 1 contract
Samples: Net Lease Agreement (Aei Income & Growth Fund 24 LLC)
Rental Payments. A. Annual Rent Payable for the first through Fifth Lease Years: For each of the first five Lease Years, Lessee shall pay to Lessor an annual rent of $166,53593,162.10, which amount shall be payable in advance without demand on the first day of each month in equal monthly installments of $13,877.92 to Lessor7,763.51. If the first day of the first month of the Lease Term is not the first day of a calendar month, then the monthly rental payable for that partial month shall be a prorated portion of the equal monthly installment of rent.
B. Annual Rent Payable for the Sixth through Tenth Lease Years: The Annual Rent payable for the Sixth through the Tenth Lease Years shall be the same amount each year and shall be computed at the beginning of the sixth Lease Year to be an amount equal to the rent paid for the Fifth Lease Year, increased by the lesser of ten percent (10%) of the rent for the Fifth Lease Year, or two hundred percent (200%) of the "CPI Increase", as defined below, times the rent for the Fifth Lease Year.
Appears in 1 contract
Samples: Net Lease Agreement (Aei Real Estate Fund Xv LTD Partnership)
Rental Payments. A. Annual Rent Payable for the first through Fifth Lease Years: For each of the first five Lease Years, Lessee shall pay to Lessor an annual rent of $166,535120,204.00, which amount shall be payable in advance without demand on the first day of each month in equal monthly installments of $13,877.92 10,017.00 to Lessor. If the first day of the first month of the Lease Term is not the first day of a calendar month, then the monthly rental payable for that partial month shall be a prorated portion of the equal monthly installment of rent.
B. Annual Rent Payable for the Sixth through Tenth Lease Years: The Annual Rent payable for the Sixth through the Tenth Lease Years shall be the same amount each year and shall be computed at the beginning of the sixth Lease Year to be an amount equal to the rent paid for the Fifth Lease Year, increased by the lesser of ten percent (10%) of the rent for the Fifth Lease Year, or two hundred percent (200%) of the "CPI Increase", as defined below, times the rent for the Fifth Lease Year.
Appears in 1 contract
Samples: Net Lease Agreement (Aei Income & Growth Fund Xxi LTD Partnership)
Rental Payments. A. Annual Rent Payable for the first through Fifth Lease Years: For each of the first five Lease Years, Lessee shall pay to Lessor an annual rent of $166,535106,156.62, which amount shall be payable in advance without demand on the first day of each month in equal monthly installments of $13,877.92 to Lessor8,846.39. If the first day of the first month of the Lease Term is not the first day of a calendar month, then the monthly rental payable for that partial month shall be a prorated portion of the equal monthly installment of rent.
B. Annual Rent Payable for the Sixth through Tenth Lease Years: The Annual Rent payable for the Sixth through the Tenth Lease Years shall be the same amount each year and shall be computed at the beginning of the sixth Lease Year to be an amount equal to the rent paid for the Fifth Lease Year, increased by the lesser of ten percent (10%) of the rent for the Fifth Lease Year, or two hundred percent (200%) of the "CPI Increase", as defined below, times the rent for the Fifth Lease Year.
Appears in 1 contract
Samples: Net Lease Agreement (Aei Income & Growth Fund Xxii LTD Partnership)
Rental Payments. A. Annual Rent Payable for the first through Fifth Lease Years: For each of the first five Lease Years, Lessee shall pay to Lessor an annual rent of $166,535141,075, which amount shall be payable in advance without demand on the first day of each month in equal monthly installments of $13,877.92 2,351.25 to LessorLessor Fund 85-A, $2,939.06 to Lessor Fund XXII, and $6,465.94 to Lessor Fund Millennium. If the first day of the first month of the Lease Term is not the first day of a calendar month, then the monthly rental payable for that partial month shall be a prorated portion of the equal monthly installment of rent.
B. Annual Rent Payable for the Sixth through Tenth Lease Years: The Annual Rent payable for the Sixth through the Tenth Lease Years shall be the same amount each year and shall be computed at the beginning of the sixth Lease Year to be an amount equal to the rent paid for the Fifth Lease Year, increased by the lesser of ten percent (10%) of the rent for the Fifth Lease Year, or two hundred percent (200%) of the "CPI Increase", as defined below, times the rent for the Fifth Lease Year.
Appears in 1 contract
Samples: Net Lease Agreement (Aei Income & Growth Fund Xxii LTD Partnership)