TERM AND BASE RENT Sample Clauses

TERM AND BASE RENT. This lease shall be for a term of eleven (11) years commencing January 1, 2020, at an annual rental of One Thousand Dollars ($1,000.00), payable in advance, in annual installments. The first installment shall be due thirty (30) days after the signing of this lease. After the term of this lease, this lease shall be automatically renewed annually for additional one-year terms unless either the City or Xxxxx elect not to renew this lease by giving sixty (60) days prior written notice to the other party.
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TERM AND BASE RENT. Tenant covenants and agrees to pay rent to Landlord at Landlord's mailing address (Xxxxxxxx Brothers Real Estate LLC, 0 Xxxxxxx Xxxxxx, Xxxxx 000 X, Xxxxxxx, Xxxxxxxxxxxxx, 01915) or to such person or entity at such other address as Landlord may from time to time direct in writing. All monetary payments to Landlord are to be made payable to the Xxxxxxxx Brothers Real Estate LLC. Tenant's lease term is for a five year and five month period commencing February 1st 2004 and expiring June 30th 2009. Tenant shall pay Landlord a MINIMUM base rent of Two Million Three Hundred and Ten Thousand Six Hundred and Ninety-Eight U.S. Dollars and Ninety-Six Cents ($2,310,698.96) payable in monthly installments as follows; 02/01/04 06/30/04 $ 39,925.13 $ 199,625.65 07/01/04 06/30/05 $ 39,925.13 $ 479,101.55 07/01/05 06/30/06 $ 33,999.41 $ 407,992.94 07/01/06 06/30/07 $ 33,999.41 $ 407,992.94 07/01/07 06/30/08 $ 33,999.41 $ 407,992.94 07/01/08 06/30/09 $ 33,999.41 $ 407,992.94 Total Lease Term Base Rent: $ 2,310,698.96 Tenant's rental payments were determined as follows; 02/01/04 — 06/30/05 Office space $ 15.45 psf $ 467,501.55 07/01/05 — 06/30/09 Office space $ 13.10 psf $ 396,392.90 02/01/04 — 06/30/09 Storage space $ 6.41 psf $ 9,000.00 02/01/04 — 06/30/09 Janitorial extras n/a $ 2,600.00 In addition to the above base rent the Tenant covenants and agrees to pay Landlord all other sums and additional rents that may become due as set forth in this lease. All Base Rent shall be due on the first day of each month in advance. If this lease shall commence on any day other than the first day of the month, then that month's Base Rent shall be prorated so all future monthly rents will be due on the first of the month. Tenant shall immediately pay to Landlord a penalty of One Hundred ($100.00) Dollars each time that Tenant issues and delivers to Landlord a check or draft that is not honored for any reason or returned for insufficient funds by Tenant's financial institution. If Tenant does not pay this penalty and replace said "bounced check" within Ten (10) days of written notification from Landlord then such inaction by Tenant shall be considered a material breach of this lease which may result in its early termination. Should Landlord not receive Tenant's monthly rental payment "in hand" on or before the 10th day of the month, then Tenant shall pay to Landlord as additional rent, a late penalty fee of Five Hundred ($500.00) dollars. If Tenant does not pay this late fee and past ...
Sample 1
TERM AND BASE RENT. Effective October 1, 1994, Tenant agrees to pay a Base Rent during the remainder of the term of the Lease on the following rent schedule: Months Monthly Base Rent 10/1/94 - 3/31/97 $27,501.43
Sample 1
TERM AND BASE RENT. The Tenant agrees to pay Base Rent during the remainder of the term of the Lease on the following rent schedule: Months Monthly 4/1/93 to 7/31/93 $18,749.81 8/1/93 to 2/28/94 $25,525.68 3/1/94 to 3/31/94 $0.00 4/1/94 to 3/31/97 $25,525.68
Sample 1
TERM AND BASE RENT. TO HAVE AND TO HOLD the Premises together with all appurtenant rights and privileges, unto Tenant for a term of 60 months, commencing on the day of April 1, 1992, and terminating ________ on the 31 day of March, 1997 (hereinafter called the "Term"), Tenant to pay during the Term a monthly minium rent ("Minimum Rent") of _________________________ Dollars ($18,749.81) payable in advance on the first day of each calendar month or any extension or renewal thereof; provided, that said commencement and termination dates are specifically subject to the provisions of Article 4 hereof. In the event of any fractional calendar month. Tenant shall pay for each day in such partial month a rental equal to 1/30 of said base rent. The monthly base rent together with any additional rent payable hereunder, shall be paid in advance without demand on the first of each month during the Lease Term to Landlord's Agent at its office at United Properties Brokerager and Management Company, NW 9044, P.O. Box 1450, Minneapolis, XX 00000, xx xx xxxx xxxxx xxxxxxx as tenant shall be advised to use by Landlord.
Sample 1
TERM AND BASE RENT. NOTWITHSTANDING ANYTHING IN THIS LEASE TO THE CONTRARY, TENANT SHALL BE BOUND AND OBLIGATED PURSUANT TO THE TERMS, CONDITIONS AND RENTAL OBLIGATIONS OF THE EXISTING LEASES BETWEEN LANDLORD AND TENANT DATED OCTOBER 13, 1995 AND APRIL 14, 1998 THROUGH JANUARY 31ST 2001, WITHOUT LIMITATION, TENANT'S EXISTING OVERAGE OBLIGATIONS THROUGH JANUARY 31ST 2001 SHALL SURVIVE THE COMMENCEMENT DATE OF THIS LEASE. SUCH LEASES SHALL BE DEEMED TO TERMINATE ON JANUARY 31ST, 2001. Tenant covenants and agrees to pay rent to Landlord at Landlord's mailing address (Xxxxxxxx Brothers Trust, 00 Xxxxxxx Xxxxxx, Xxxxxxx, Xxxxxxxxxxxxx, 01915) or to such person or entity at such other address as Landlord may from time to time direct in writing. All monetary payments to Landlord are to be made payable to the Xxxxxxxx Brothers Trust. Tenant's lease term is for the period commencing September 12th 2000 and expiring June 30th 2005 (the "Lease Term"). It is expressly understood and agreed the following schedule identifies rental suites, annual base rental rates (as herein provided, through January 31, 2005, or for storage space, through June 30, 2005), square footage, lease commencement dates and lease expiration dates and shall govern Tenant's lease obligations. Lease Commencement Lease Unit Square footage Date Exp. Date Rent PSF F-101 (a) 1,656 Sq. Ft. 09/12/00 06/30/05 $15.45 PSF F-103 (b) 1,350 Sq. Ft. 01/01/01 06/30/05 $15.45 PSF F-104 3,301 Sq. Ft. 02/01/01 06/30/05 $15.45 PSF T-301 10,051 Sq. Ft. 02/01/01 06/30/05 $15.45 PSF S-201 10,051 Sq. Ft. 02/01/01 06/30/05 $15.45 PSF B-101 1,200 Sq. Ft. 02/01/01 06/30/05 $6.41 PSF BB-101 203 Sq. Ft. 02/01/01 06/30/05 $6.41 PSF (a) Tenant shall be renting F-101 as of September 12th 2000. Pursuant to the terms of this Lease, Landlord at Landlord's expense shall install new carpet, and cove base and paint all existing previously painted surfaces within this (F-101) office suite. All other work to prepare this (F-101) office suite for Tenant shall be at Tenant's expense. (b) Tenant shall be renting F-103 as of January 1st 2001. Suite F-103 is currently occupied by Wholesale Printing. Wholesale Printing has provided Landlord written notice that Wholesale Printing shall vacate F-103 as of September 30th 2000. If Wholesale Printing fails to vacate on or before September 30th 2000, Landlord shall immediately take all reasonable steps in a continuous fashion to legally evict Wholesale Printing from Suite F-103. Tenant understands and agrees this ma...
Sample 1
TERM AND BASE RENT. Tenant covenants and agrees to pay rent to Landlord at Landlord’s mailing address (Gxxxxxxx Brothers Real Estate LLC, 7 Xxxxxxx Xxxxxx, Xxxxx 000 X, Xxxxxxx, Xxxxxxxxxxxxx, 01915) or to such person or entity at such other address as Landlord may from time to time direct in writing. All monetary payments to Landlord are to be made payable to the Gxxxxxxx Brothers Real Estate LLC. Tenant’s lease term is for a seven year period commencing July 1, 2010 and expiring June 30th 2017. Tenant shall pay Landlord a MINIMUM base rent of Two Million One Hundred and Sixty One Thousand One Hundred and Eighty Five U.S. Dollars ($2,161,185.93) and Ninety-Three Cents payable in monthly installments as follows; Monthly Annually 07/01/10 - 06/30/11 $ 25,017.70 $ 300,212.40 07/01/11 - 06/30/12 $ 25,017.70 $ 300,212.40 07/01/12 - 06/30/13 $ 25,017.70 $ 300,212.40 07/01/13 - 06/30/14 $ 25,017.70 $ 300,212.40 07/01/14 - 06/30/15 $ 25,017.70 $ 300,212.40 07/01/15 - 06/30/16 $ 27,533.08 $ 330,396.97 07/01/16 - 06/30/17 $ 27,533.08 $ 330,396.97 Lease Term Total Base Rent: $ 2,161,185.93 Tenant’s rental payment was determined as follows: Sq Ft Type Rent PSF Mo. Rent Yearly Rent 20,102 office $ 13.4930 $ 22,603.02 $ 271,236.29 1,262 Computer $ 13.4930 $ 1,419.01 $ 17,028.17 1,403 Storage $ 8.5160 $ 995.67 $ 11,948.00 $ 25,017.70 $ 300,212.40 However, Landlord expressly agrees, Tenant’s monthly base rental payment for the June 1 2017 – June 30, 2017 period shall be reduced by Seventeen ($17,000.00) Thousand Dollars. In addition to the above base rental obligations, Tenant on the first of each month for the period July 1, 2010 – December 31, 2010 shall pay Landlord as additional rent for the use of the 8,957+/- square feet of first floor office space within Office Suites F-101, F-102, F-103 and F-104 a total Sixty Thousand Four Hundred and Twenty Eight ($60,428.40) dollars and Forty Cents payable in monthly installments of Ten Thousand Seventy One dollars ($10,071.40) and Forty Cents. Notwithstanding the above, should Landlord during the rental period of 7/1/10 – 12/31/10 lease any of these first floor office suites to a third party, then Tenant’s rental obligations to Landlord shall be reduced by same amount of rental payment Landlord receives from the third party Tenant(s) for this 7/1/10 – 12/31/10 rental period less Landlord’s actual out of pocket monetary payments to third parties for real estate commission and or legal costs (transactional costs) to lease these office suites. All ...
Sample 1
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TERM AND BASE RENT. This Lease shall be effective as of the date of execution by both Parties; provided, however, the initial term shall be for five (5) years and shall commence on the date LESSEE exercises the option “Commencement Date,” at which time rental payments shall commence and be due. The initial term and all extensions shall be collectively referred to herein as the “Term.” XXXXXX agrees to pay XXXXXX a monthly sum of Dollars ($ ) (“Rent”), in advance on the first day of each month of the Term or to such other person, firm or place as LESSOR may, from time to time, designate in writing at least thirty (30) days in advance of any rental payment date by notice given in accordance with Paragraph below. Upon agreement of the Parties, LESSEE may pay rent by electronic funds transfer, and in such event, XXXXXX agrees to provide to LESSEE bank routing information for such purpose upon request of LESSEE. The Commencement Date shall be the first day of the month in which notice of the exercise of the option, as set forth above, is effective. However, XXXXXX and XXXXXX acknowledge and agree that initial rental payment(s) shall not actually be sent by XXXXXX until thirty (30) days after the exercise of the option is effective. [DISCUSS WITH XXXXXX IF WANTS TO MAKE ITS PUBLIC SAFETY AND OTHER FACILITIES ON TOWER AT NO CHARGE]
Sample 1

Related to TERM AND BASE RENT

  • Term and Rent Lessor demises the above premises for a term of twenty years, commencing January 1, 1993, and terminating o December 31, 2012, or sooner as provided herein at the annual rent of Twenty Four Thousand Dollars ($24,000.00), payable in equal installments in advance on the first day of each month for that month's rental, during the term of this lease. All rental payments shall be made to Lessor, at the address specified above.

  • Base Rent Lessee shall pay Base Rent and other rent or charges, as the same may be adjusted from time to time, to Lessor in lawful money of the United States, without offset or deduction, on or before the day on which it is due under the terms of this Lease. Base Rent and all other rent and charges for any period during the term hereof which is for less than one full month shall be prorated based upon the actual number of days of the month involved. Payment of Base Rent and other charges shall be made to Lessor at its address stated herein or to such other persons or at such other addresses as Lessor may from time to time designate in writing to Lessee.

  • Minimum Rent The defined term “Minimum Rent” set forth in Section 1.66 of the Lease is deleted in its entirety and replaced with the following:

  • Expansion Premises In addition to the Original Premises, commencing on the Expansion Premises Commencement Date (as defined below), Landlord leases to Tenant, and Tenant leases from Landlord, the Expansion Premises.

  • Annual Base Rent Commencing on the Rent Commencement Date, and thereafter during the Term, Tenant shall pay annual base rent in the amounts set forth immediately below (the "Annual Base Rent"), which amounts shall be payable in equal monthly installments (the "Monthly Base Rent") as set forth immediately below: All installments of Monthly Base Rent shall be payable in advance, on the Rent Commencement Date and the first day of each calendar month thereafter during the Term. If the Rent Commencement Date shall be a day other than the first day of a calendar month, (1) the Annual Base Rent for the first Lease Year shall be an amount equal to the sum of (x) the amount of Monthly Base Rent for the partial month in which the Rent Commencement Date occurs, plus (y) the amount of the Annual Base Rent for the first Lease Year set forth in the rent chart above, and (2) Monthly Base Rent for such partial month shall be the prorated amount of the Monthly Base Rent payable hereunder during the first Lease Year, which proration shall be based upon the actual number of days of such partial month. The prorated Monthly Base Rent for such partial month shall be payable on the first day of the calendar month after the month in which the Rent Commencement Date occurs. As used in this Lease, the term "Lease Year" means (A) with respect to the first Lease Year, the twelve (12) full calendar month period commencing on the Rent Commencement Date (plus the number of days in any partial first month if the Rent Commencement Date is not the first day of the month), except that if the Rent Commencement Date is a date earlier than May 1, 2012, then the first Lease Year shall commence on the Rent Commencement Date and shall expire on April 30, 2013, and (B) with respect to the second Lease Year and each subsequent Lease Year thereafter, each successive period of twelve (12) full calendar months following the expiration of the first Lease Year.

  • Monthly Rent a. Commencing as of the Commencement Date, and continuing thereafter on or before the first day of each calendar month during the term hereof, Tenant shall pay to Landlord, as monthly rent for the Premises, the Monthly Rent specified in Paragraph 2 above. If Tenant’s obligation to pay Monthly Rent hereunder commences on a day other than the first day of a calendar month, or if the term of this Lease terminates on a day other than the last day of a calendar month, then the Monthly Rent payable for such partial month shall be appropriately prorated on the basis of a thirty (30)-day month. Monthly Rent and the Additional Rent specified in Paragraph 7 shall he paid by Tenant to Landlord, in advance, without deduction, offset, prior notice or demand, in immediately available funds of lawful money of the United States of America, or by good check as described below, to the lockbox location designated by Landlord, or to such other person or at such other place as Landlord may from time to time designate in writing. Payments made by check must be drawn either on a California financial institution or on a financial institution that is a member of the federal reserve system. Notwithstanding the foregoing, Tenant shall pay to Landlord together with Tenant’s execution of this Lease an amount equal to the Monthly Rent payable for the first full calendar month of the Lease term after Tenant’s obligation to pay Monthly Rent shall have commenced hereunder, which amount shall be applied to the Monthly Rent first due and payable hereunder. b. All amounts payable by Tenant to Landlord under this Lease, or otherwise payable in connection with Tenant’s occupancy of the Premises, in addition to the Monthly Rent hereunder and Additional Rent under Paragraph 7, shall constitute rent owed by Tenant to Landlord hereunder. c. Any rent not paid by Tenant to Landlord when due shall bear interest from the date due to the date of payment by Tenant at an annual rate of interest (the “Interest Rate”) equal to the lesser of (i) twelve percent (12%) per annum or (ii) the maximum annual interest rate allowed by law on such due date for business loans (not primarily for personal, family or household purposes) not exempt from the usury law. Notwithstanding the foregoing, Landlord shall give Tenant notice of non-payment of rent when due and five (5) days after delivery of such notice to cure such non-payment once in each calendar year before assessing interest in such calendar year pursuant to this Paragraph 5.c. Failure by Tenant to pay rent when due, including any interest accrued under this subparagraph, shall constitute an Event of Default (as defined in Paragraph 25 below) giving rise to all the remedies afforded Landlord under this Lease and at law for nonpayment of rent. d. No security or guaranty which may now or hereafter be furnished to Landlord for the payment of rent due hereunder or for the performance by Tenant of the other terms of this Lease shall in any way be a bar or defense to any of Landlord’s remedies under this Lease or at law. e. Notwithstanding anything to the contrary in this Lease: (i) in no event may any rent under this Lease be based in whole or in part on the income or profits derived from the Premises, except for percentage rent based on gross (not net) receipts or sales; (ii) if the holder of a Superior Interest (as defined in Paragraph 21 below) succeeds to Landlord’s interest in the Lease (“Successor Landlord”) and the Successor Landlord is advised by its counsel that all or any portion of the rent payable under this Lease is or may be deemed to be “unrelated business income” within the meaning of the Internal Revenue Code or regulations issued thereunder, such Successor Landlord may, at its option, unilaterally amend the calculation of rent so that none of the rent payable to Landlord under the Lease will constitute “unrelated business income,” but the amendment will not increase Tenant’s payment obligations or other liability under this Lease or reduce the Landlord’s obligations under this Lease and (iii) upon the Successor Landlord’s request, Tenant shall execute any document such holder deems necessary to effect the foregoing amendment to this Lease.

  • Existing Premises Notwithstanding anything to the contrary in the Lease as hereby amended, Tenant shall continue to pay Base Rent for the Existing Premises in accordance with the terms of the Lease.

  • Base Rental (a) Lessee hereby agrees to pay to Lessor, without setoff or deduction whatsoever, in accordance with the Schedule of Base Rent attached hereto as EXHIBIT D ("Base Rental). Lessee shall also pay, as additional rent [or Forecast Additional Rent ], all such other sums of money as shall become due from and payable by Lessee to Lessor under this Lease (Base Rental, any adjustment thereto pursuant to Section 4 hereof, and all such other sums of money due from and payable by Lessee pursuant to this Lease are sometimes hereinafter collectively called "rent"), for the nonpayment of which Lessor shall be entitled to exercise all such rights and remedies as are herein provided in the case of the nonpayment of Base Rental. The annual Base Rental, together with any adjustment or increase thereto then in effect, shall be due and payable in advance in twelve (12) equal installments on the first 1st day of each calendar month during the term of this Lease, and Lessee hereby agrees so to pay such Base Rental and any adjustment or increase thereto to Lessor at Lessor's address provided herein (or such other address as may be designated by Lessor in writing from time to time) monthly, in advance, and without demand. If the term of this Lease commences on a day other than first (1st) day of a month or terminates on a day other than the last day of a month, then the installments of Base Rental and any adjustments thereto for such month or months shall be prorated, and the installment or installments so prorated shall be paid in advance. (b) In the event any installment of the Base Rental, or any other sums which may become owing by Lessee to Lessor under the provisions hereof are not received within Five (5) days after the due date thereof (without in any way implying Lessor's consent to such late payment), Lessee, to the extent permitted by law, agrees to pay, in addition to said installment of the Base Rental or such other sums owed, a late payment charge equal to ten percent (10%) (Late Fee) of the installment of the Base Rental or such other sums owed. Notwithstanding the foregoing, the foregoing late charges shall not apply to any sums which have been advanced by Lessor to or for the benefit of Lessee pursuant to the provisions of this Lease, it being understood that such sums shall bear interest, which Lessee hereby agrees to pay to Lessor, at the lesser of fifteen percent (15%) per annum or the maximum rate of interest permitted by law to be charged Lessee for the use or forbearance of such money.

  • Additional Premises Landlord shall use commercially reasonable efforts to expand the Premises to include an additional fifteen thousand four hundred ten (15,410) square feet of Rentable Area located on the first (1st) floor, as shown on Exhibit A attached hereto (the “Additional Premises”) on July 1, 2012 (the “Additional Premises Delivery Date”). In the event Landlord determines the Additional Premises will be ready for delivery to Tenant in the Required Condition on the Additional Premises Delivery Date, within ten (10) business days prior to the Additional Premises Delivery Date, Landlord and Tenant shall enter into a written amendment to the Lease, which amendment shall provide, unless otherwise agreed in writing, (a) that the commencement date of the Additional Premises shall be the Additional Premises Delivery Date (the “Additional Premises Commencement Date”), (b) that, as of the Additional Premises Commencement Date, the Premises under the Lease shall be increased to include the Additional Premises for a total of sixty-one thousand four hundred forty-four (61,444) square feet of Rentable Area (together, the Premises and the Additional Premises shall be referred to hereinafter as the “Total Premises”), (c) the new Basic Annual Rent applicable to the Total Premises, which shall commence on the Additional Premises Commencement Date and shall be as further described in Section 4.2 of this Amendment, (d) Tenant’s new Pro Rata Share of Operating Expenses as of the Additional Premises Commencement Date, which Pro Rata Share shall equal one hundred percent (100%) of the Building and thirty-three and 51/100 percent (33.51%) of the Project and (e) that, in addition to the parking which Tenant is entitled to under the terms of the Lease with respect to the original Premises, Tenant, for so long as Tenant leases the Additional Premises, shall have a non-exclusive license to use the parking facilities serving the Building in common on an unreserved basis with other tenants of the Building and the Project at a ratio of 3.3 parking spaces per 1,000 rentable square feet of Additional Premises, which amounts to fifty-one (51) additional parking spaces, which number shall include three (3) additional Reserved Spaces. In the event the Additional Premises is not ready for delivery to Tenant in the Required Condition on the Additional Premises Delivery Date, then (x) this Amendment and the Lease shall not be void or voidable, (y) Landlord shall not be liable to Tenant for any loss or damage resulting therefrom and (z) the new Basic Annual Rent applicable to the Premises shall be as further described in Section 4.3 of this Amendment.

  • Minimum Monthly Rent (Section 1.5): Tenant shall pay to Landlord Minimum Monthly Rent for the Premises during the Extended Term in accordance with the schedule and in the amount set forth below: 01/01/13-07/31/13 $ 1,776.25 per month $ 8,645.00 per month $ 10,421.25 per month 08/01/13-07/31/14 $ 1,827.00 per month $ 8,892.00 per month $ 10,719.00 per month 08/01/14-07/31/15 $ 1,877.75 per month $ 9,139.00 per month $ 11,016.75 per month

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