Rents and Fees. 1. The Licensee shall pay the rent and Meal Plan fee that are specified in the Housing and Residence Life Payment and Fee Schedule established by Housing and Residence Life, which is hereby incorporated in this Agreement as though fully set forth herein. The amount of rent will be based on the license term and room type (single, double, triple) of the Licensee’s unit. The cost of the Meal Plan will be based on the plan selected. There may be additional terms and conditions set forth in the Housing and Residence Life Payment and Fee Schedule, and those terms and conditions are incorporated in this Agreement as though fully set forth herein.
2. In addition to the aforementioned fees, the Licensee shall pay, prior to occupying the Premises, a cleaning and damage deposit as specified in the Housing and Residence Life Payment and Fee Schedule. This deposit shall be returned to the Licensee after they have vacated the Premises, less any deductions for cleanup and repair expenses incurred by the University for the Premises and/or furnishings on the Apartment Condition Report (ACR), beyond ordinary wear and tear. The University may also assess charges to the Licensee for cleanup and repair expenses that exceed the amount of the cleaning and security deposit.
3. If the Licensee is paying for rent and the Meal Plan from financial aid, the Licensee hereby authorizes the University to deduct the amount necessary to pay these fees from their financial- aid award during the academic semester for which the financial aid is received. The Licensee shall be responsible for any rents or obligations that are not fully covered by the Financial Aid award.
4. If the Licensee is assigned or executes a License Agreement after the opening date of the semester set forth in the Terms of Occupancy (I.A.), the term of the License Agreement shall be prorated.
Rents and Fees. 1. The Licensee shall pay the rent fees that are specified in the Housing and Residence Life Payment and Fee Schedule established by Housing and Residence Life, which is hereby incorporated in this Agreement as though fully set forth herein. The amount of rent will be based on the license term and room type (single, double, triple) of the Licensee’s unit. There may be additional terms and conditions set forth in the Housing and Residence Life Payment and Fee Schedule, and those terms and conditions are incorporated in this Agreement as though fully set forth herein.
2. In addition to the aforementioned fees, the Licensee shall pay, prior to occupying the Premises, a cleaning and damage deposit as specified in the Housing and Residence Life Payment and Fee Schedule. This deposit shall be returned to the Licensee after they have vacated the Premises, less any deductions for cleanup and repair expenses incurred by the University for the Premises and/or furnishings on the Apartment Condition Report (ACR), beyond ordinary wear and tear. The University may also assess charges to the Licensee for cleanup and repair expenses that exceed the amount of the cleaning and security deposit.
3. If the Licensee is paying for rent from financial aid, the Licensee hereby authorizes the University to deduct the amount necessary to pay these fees from their financial-aid award during the academic semester for which the financial aid is received. The Licensee shall be responsible for any rents or obligations that are not fully covered by the Financial Aid award.
4. If the Licensee is assigned after the opening date of the semester set forth in the Terms of Occupancy (I.A.), the term of the License Agreement shall be prorated on a weekly basis.
Rents and Fees. (1) The rents and fees for the Sublease Premises, due the first day of each month, will be set forth in Exhibit B of this Sublease.
(2) Any occupancy of the Sublease Premises by the Sublessee beyond the Sublease Term shall be on a month-to-month rental basis, subject to the prior written approval of the Borough, except that rates and fees due shall be subject to be adjusted according to current operating costs.
(3) Payments due under this Sublease must be made by check, bank draft, or postal money order made payable to the Ketchikan Gateway Borough and delivered to the address designated on Page 1 of this Sublease, or any other address the Borough may designate in writing.
(4) Beginning the day payment is due, all unpaid rents, charges, and fees required under this Sublease will accrue interest at the maximum rate allowed by Alaska Statute 45.45.
Rents and Fees. All rents pursuant to the Cardinals Lease and the Ground Lease and all fees under the MSU License shall be prorated as of the Closing Date.
Rents and Fees. Current and prepaid rents or fees, including, without limitation, prepaid Golf Club membership fees, function receipts and other reservation receipts.
Rents and Fees. 4.1 For Use and Occupancy of the Leased Premises herein granted, the Lessee agrees to pay to the County during the period commencing August 1, 2004, and ending July 31, 2005, a monthly rent of $3,373.56.
4.1.1 Effective on August 1, 2005, and on each succeeding year of this Agreement, the annual rental payable hereunder shall be adjusted by the Consumer Price Index (“Index”), as hereinafter defined, as follows:
4.1.1.1 The previous year’s rent shall be adjusted by that percentage increase reported in the Index for that twelve (12) month period taken ninety (90) days prior to the date the annual adjustment is due. The product of the previous year’s rent and the Index percentage is the amount payable to County or its Manager. If the adjusted rent is not finally determined until after the commencement of the successive year, Xxxxxx shall nevertheless pay County or its Manager at the rate of the former year’s rent, but only as a credit against the amount of the adjusted rental when finally determined.
4.1.1.2 Notwithstanding anything to the contrary contained in this lease, the rental payable to County or its Manager shall never be adjusted to an amount less than the previous year’s rent.
4.1.2 In the event Lessee chooses to exercise the Options granted in Section 2.2, effective on August 1, 2035 (Option 1), on August 1, 2040 (Option 2), and on August 1, 2045 (Option 3), the monthly rent shall be adjusted to the standard rent in effect for users of the Airport at that time, or the fair rental value, whichever is greater. On August 1, 2036, and on August 1st of each year until August 1, 2049, provided a standard rent or fair market value adjustment is not scheduled to occur, the monthly rent shall be adjusted as set forth in Section 4.1.1 above. In the event County and Lessee cannot agree upon the rental value before sixty (60) days prior to said August 1st date, the rental shall be determined as set out in this Section and the following subsections:
4.1.2.1 At least sixty (60) days prior to the commencement of the period for which rent is to be established, County and Lessee shall each appoint an appraiser to appraise the fair rental value and/or rate of return of the Leased Premises as appropriate, using methods recognized in the real estate appraisal profession as appropriate for such appraisals. The Parties shall exchange completed appraisals within sixty (60) days following appointment of the appraisers. Each Party shall bear all costs and expenses of the ...
Rents and Fees. 4.1 For Use and Occupancy of the Leased Premises herein granted, the Lessee agrees to pay to the County during the period commencing June 1, 2004, and ending May 31, 2005, a monthly rent of $2,400.00
4.1.1 Effective on June 1, 2005, and on June 1 of each year until May 31, 2007, the monthly rental payable hereunder shall be adjusted by multiplying the monthly rental set forth in Article 4.1 above by a fraction, the numerator of which shall be the annual CPI (as hereinafter defined) published for the year most recently preceding said May 1 date, and the denominator of which shall be the annual CPI published for 2003, hereinafter referred to as Lessee’s base year. In no event shall the rental payable under this Article 4.1.1 be less than the amount set forth in Article
4.1 above.
4.1.2 In the event Lessee chooses to exercise the option referenced in Section 1.2 above, effective on June 1, 2007, the monthly rent shall be adjusted to the standard rent in effect for users of the airport at that time or the fair rental value, whichever is greater. On June 1 of 2008, the monthly rent shall be adjusted as set forth in Section 4.1.1 above, except that Xxxxxx’s base year shall become 2006. In the event County and Lessee cannot agree upon the rental value before sixty (60) days prior to June 1, 2007, the rental shall be determined as set out in this section and the following subsections:
4.1.2.1 At least sixty (60) days prior to the commencement of the period for which rent is to be established, County and Lessee shall each appoint an appraiser to appraise the fair rental value and/or rate of return of the premises as appropriate, using methods recognized in the real estate appraisal profession as appropriate for such appraisals. The Parties shall exchange completed appraisals within sixty (60) days following appointment of the appraisers. Each party shall bear all costs and expenses of the appraiser appointed by it. Failure to comply with any time limit established in this section or any of its subsections shall be an incident of default under this Lease. For purposes of this section, all appraisers shall be MAI members of the American Institute of Real Estate Appraisers, or any successor organization, should the American Institute cease to exist.
4.1.2.2 If the two appraisals contain fair rental value determinations which are within Ten Percent (10%) of each other, the fair rental value shall be the arithmetic average of the values in the two appraisals;
4.1.2.3 In...
Rents and Fees. 1. The Licensee shall pay the rent and Meal Plan fee that are specified in the Housing and Residence Life Payment and Fee Schedule established by Housing and Residence Life. The amount of rent will be based on the license term, building, and room type (single, double, triple) of the Licensee’s unit. The cost of the Meal Plan will be based on the plan selected. There may be additional terms and conditions set forth in the Housing and Residence Life Payment and Fee Schedule, and those terms and conditions are incorporated in this Agreement as though fully set forth herein.
2. In addition to the aforementioned fees, the Licensee shall pay, prior to occupying the Premises, a cleaning and damage deposit as specified in the Housing and Residence Life Payment and Fee Schedule. This deposit shall be returned to the Licensee after they have vacated the Premises, less any deductions for cleanup and repair expenses incurred by the University for the Premises and/or furnishings on the Inspection Report, beyond ordinary wear and tear. The University may also assess charges to the Licensee for cleanup and repair expenses that exceed the amount of the cleaning and security deposit.
3. If the Licensee is paying for Housing and Meal Plan from financial aid, the Licensee hereby authorizes the University to deduct the amount necessary to pay these fees from their financial-aid award during the academic semester for which the financial aid is received. The Licensee shall be responsible for any costs or obligations that are not fully covered by the Financial Aid award.
4. If the Licensee is assigned or executes a License Agreement after the opening date of the semester set forth in the Terms of Occupancy (I.A.), the term of the License Agreement shall be prorated if application was completed after the second week of classes.
5. In cases where continuous community damage or vandalism is occurring and a responsible party cannot be identified after various community interventions have taken place, the cost of the damage/vandalism may be split among the community members. “Community” refers to any communal area Licensee has access to including elevators, community centers, community bathrooms, hallways, gaming areas and courts, etc.
Rents and Fees. 4.1 For Use and Occupancy of the Leased Premises herein granted, the Lessee agrees to pay to the Authority during the period commencing 1, 20 , and ending 30, 20 , a monthly rent of $ .
4.1.1 Effective on 1, 20 , and on 1, of each third year of the remaining term, the annual rental payable hereunder shall be adjusted by multiplying the monthly rental set forth in Section 4.1 above by a fraction, the numerator of which shall be the annual CPI (as hereinafter defined) published for the year most recently preceding said November date, and the denominator of which shall be the annual CPI published for 20 , hereinafter referred to as Lessee’s base year. In no event shall the rental payable under this Section 4.1.1 be less than the amount set forth in Section 4.1 above.
4.2 The term CPI as used herein shall mean the Consumer Price Index for all Urban Consumers, All Items, U.S. City Average, as published by the Bureau of Labor Statistics of the United States Department for Labor, 1982-84 base = 100. In the event the base year is changed, the CPI shall be converted to the equivalent of the base year 1982-84=100.
4.3 The monthly rent shall be paid on the first day of each month in advance at the office of the Airport Director or at such other office as may be directed in writing by the Authority.
4.4 Nothing contained in the foregoing shall effect the survival of the obligations of the Lessees as set forth in the Sections of this Agreement covering the survival of the Lessee’s obligations.
4.5.1 Lessee acknowledges that late payment by Lessee to Authority of any Agreement fees will cause Authority to incur costs not contemplated by this Agreement, the exact amount of such costs being extremely difficult and impracticable to fix. Such costs include, without limitation, processing, accounting and interest charges. Therefore, if any installment of Agreement fees due from Lessee is not received by the tenth day after the due date, Lessee shall pay to Authority an additional sum of $25.00 as an administrative processing charge. The parties agree that this late charge represents a fair and reasonable estimate of the costs that Authority will incur by reason of late payment by Lessee. Acceptance of any late charge shall not constitute a waiver of Lessee’s default with respect to the overdue amount, or prevent Authority from exercising any of the other rights and remedies available to Authority. Agreement fees not paid when due shall bear simple interest from date due unti...
Rents and Fees. For Use and Occupancy of the Leased Premises herein granted, the Lessee agrees to pay to County or Manager during the period commencing upon the Commencement Date and ending July 31, 2049, a monthly base rent of $2,198.00.
