Common use of RENTS AND FEES PAYABLE TO CITY Clause in Contracts

RENTS AND FEES PAYABLE TO CITY. A. Tenant agrees to pay to the CITY, monthly in advance, without right of abatement or setoff, on or before the first (1st) day of each month, Premises Rent, plus any sales or use tax imposed thereon, and any fees and charges, with the first such payments due on the Commencement Date and further prorated for the number of days remaining in the current month. Premises Rent shall be twenty-five cents ($0.12) per square foot per annum adjusted on each anniversary of the Commencement Date based on the net change of the Consumer Price Index (CPI), or similar successor index then currently being used by CITY. The square foot calculation shall include an apron surrounding the footprint of the Tenant Improvements of not less than five (5) feet in all directions. In no event shall the Premises Rent be adjusted downward during the Term of this Lease. In the event such possession, use, and occupancy of the Premises or any B. portion thereof should terminate on a date other than the first day of a calendar month, then the rental for the Premises will be prorated to reflect the actual number of days during which the Tenant will have enjoyed the possession, use, and occupancy of said Premises. Tenant agrees to pay CITY within fifteen (15) days of receipt of invoice for C. non-recurring charges that become due to CITY under this Lease. In the event any required payment is not made by Tenant when required, D. CITY shall be entitled to, and Tenant will pay to CITY, interest at the rate of eighteen percent (18%) per annum on all amounts unpaid accruing from the date such amount was due. In addition, Tenant shall pay ten dollars ($10.00) dollars per calendar day that any report required under this Lease is delinquent and said charge shall accrue for each report until receipt by CITY. CITY reserves the right to establish, from time to time, by Resolution, E. landing fees that may be applicable to Tenant, its guests, and its business invitees. F. Should ad valorem taxes be assessed against the Premises, Tenant shall be responsible for payment of all such taxes or assessments as set forth in Section 14, hereof. Default by the Tenant as to any of the foregoing requirements which is not cured as provided in Section 21.B hereof, shall result in a vesting of title to the Real Property and the Tenant Improvements, the Premises as previously described, in the CITY as provided in Section 21.B hereof.

RENTS AND FEES PAYABLE TO CITY. A. Tenant agrees to pay to the CITY, monthly in advance, without right of abatement or setoff, on or before the first (1st) day of each month, Premises Rent, plus any sales or use tax imposed thereon, and any fees and charges, with the first such payments due on the Commencement Date and further prorated for the number of days remaining in the current month. Premises Rent shall be twenty-five cents ($0.120.25) per square foot per annum adjusted on each anniversary of the Commencement Date based on the net change of the Consumer Price Index (CPI), or similar successor index then currently being used by CITY. The square foot calculation shall include an apron surrounding the footprint of the Tenant Improvements of not less than five (5) feet in all directions. In no event shall the Premises Rent be adjusted downward during the Term of this Lease. . B. In the event such possession, use, and occupancy of the Premises or any B. any portion thereof should terminate on a date other than the first day of a calendar month, then the rental for the Premises will be prorated to reflect the actual number of days during which the Tenant will have enjoyed the possession, use, and occupancy of said Premises. . C. Tenant agrees to pay CITY within fifteen (15) days of receipt of invoice for C. for non-recurring charges that become due to CITY under this Lease. . D. In the event any required payment is not made by Tenant when required, D. , CITY shall be entitled to, and Tenant will pay to CITY, interest at the rate of eighteen percent (18%) per annum on all amounts unpaid accruing from the date such amount was due. In addition, Tenant shall pay ten dollars ($10.00) dollars per calendar day that any report required under this Lease is delinquent and said charge shall accrue for each report until receipt by CITY. . E. CITY reserves the right to establish, from time to time, by Resolution, E. , landing fees that may be applicable to Tenant, its guests, and its business invitees. F. Should ad valorem taxes be assessed against the Premises, Tenant shall be responsible for payment of all such taxes or assessments as set forth in Section 14, hereof. Default by the Tenant as to any of the foregoing requirements which is not cured as provided in Section 21.B hereof, shall result in a vesting of title to the Real Property and the Tenant Improvements, the Premises as previously described, in the CITY as provided in Section 21.B hereof.

RENTS AND FEES PAYABLE TO CITY. A. Tenant agrees to pay to the CITY, monthly in advance, without right of abatement or setoff, on or before the first (1st) day of each month, Premises Rent, plus any sales or use tax imposed thereon, and any fees and charges, with the first such payments due on the Commencement Date and further prorated for the number of days remaining in the current month. Premises Rent shall be twenty-five cents ($0.120.25) per square foot per annum adjusted on each anniversary of the Commencement Date based on the net change of the Consumer Price Index (CPI), or similar successor index then currently being used by CITY. The square foot calculation shall include an apron surrounding the footprint of the Tenant Improvements of not less than five (5) feet in all directions. In no event shall the Premises Rent be adjusted downward during the Term of this Lease. . B. In the event such possession, use, and occupancy of the Premises or any B. any portion thereof should terminate on a date other than the first day of a calendar month, then the rental for the Premises will be prorated to reflect the actual number of days during which the Tenant will have enjoyed the possession, use, and occupancy of said Premises. . C. Tenant agrees to pay CITY within fifteen (15) days of receipt of invoice for C. for non-recurring charges that become due to CITY under this Lease. . D. In the event any required payment is not made by Tenant when required, D. , CITY shall be entitled to, and Tenant will pay to CITY, interest at the rate of eighteen percent (18%) per annum on all amounts unpaid accruing from the date such amount was due. In addition, Tenant shall pay ten dollars ($10.00) dollars per calendar day that any report required under this Lease is delinquent and said charge shall accrue for each report until receipt by CITY. . E. CITY reserves the right to establish, from time to time, by Resolution, E. , landing fees that may be applicable to Tenant, its guests, and its business invitees. F. Should ad valorem taxes be assessed against the Premises, Tenant shall be responsible for payment of all such taxes or assessments as set forth in Section 1413, hereof. Default by the Tenant as to any of the foregoing requirements which is not cured as provided in Section 21.B 20.B hereof, shall result in a vesting of title to the Real Property and the Tenant Improvements, the Premises as previously described, in the CITY as provided in Section 21.B 20.B hereof.

RENTS AND FEES PAYABLE TO CITY. A. Tenant X. Xxxxxx agrees to pay to the CITY, monthly in advance, without right of abatement or setoff, on or before the first (1st) day of each month, Premises Rent, plus any sales or use tax imposed thereon, and any fees and charges, with the first such payments due on the Commencement Date and further prorated for the number of days remaining in the current month. Premises Rent shall be twenty-five cents ($0.120.25) per square foot per annum adjusted on each anniversary of the Commencement Date based on the net change of the Consumer Price Index (CPI), or similar successor index then currently being used by CITY. The square foot calculation shall include an apron surrounding the footprint of the Tenant Improvements of not less than five (5) feet in all directions. In no event shall the Premises Rent be adjusted downward during the Term of this Lease. . B. In the event such possession, use, and occupancy of the Premises or any B. any portion thereof should terminate on a date other than the first day of a calendar month, then the rental for the Premises will be prorated to reflect the actual number of days during which the Tenant will have enjoyed the possession, use, and occupancy of said Premises. Tenant . X. Xxxxxx agrees to pay CITY within fifteen (15) days of receipt of invoice for C. for non-recurring charges that become due to CITY under this Lease. . D. In the event any required payment is not made by Tenant when required, D. , CITY shall be entitled to, and Tenant will pay to CITY, interest at the rate of eighteen percent (18%) per annum on all amounts unpaid accruing from the date such amount was due. In addition, Tenant shall pay ten dollars ($10.00) dollars per calendar day that any report required under this Lease is delinquent and said charge shall accrue for each report until receipt by CITY. . E. CITY reserves the right to establish, from time to time, by Resolution, E. , landing fees that may be applicable to Tenant, its guests, and its business invitees. F. Should ad valorem taxes be assessed against the Premises, Tenant shall be responsible for payment of all such taxes or assessments as set forth in Section 14, hereof. Default by the Tenant as to any of the foregoing requirements which is not cured as provided in Section 21.B hereof, shall result in a vesting of title to the Real Property and the Tenant Improvements, the Premises as previously described, in the CITY as provided in Section 21.B hereof.