Term and Rental. The term of this Lease (the "Initial Lease Term") for any item of Equipment shall be set forth in the Schedule relating to such item of Equipment and shall commence (the "Commencement Date") on the Acceptance Date. The "Acceptance Date" with respect to each Schedule shall be the applicable of either: (1) the date of delivery to Lessee of all of the Equipment to be leased thereunder; (2) in the case of Equipment which is the subject of a sale and leaseback between Lessor and Lessee, the date upon which Lessor purchases such Equipment from Lessee; or (3) in the case of Equipment requiring installation, the date of installation of the Equipment. If the Acceptance Date is other than the first day of a calendar quarter, then the Commencement Date of the Initial Lease Term set forth in any Schedule shall be the first day of the calendar quarter following the month which includes the Acceptance Date and Lessee shall pay to Lessor, in addition to all other sums due hereunder, an amount equal to one-thirtieth of the amount of the average monthly rental payment due or to become due hereunder multiplied by the number of days from and including the Acceptance Date to the Commencement Date of the Initial Lease Term set forth in the Schedule. During the entire Initial Lease Term and any extension or renewal of the term of this Lease, Lessee agrees to pay the total rental due hereunder which shall be the total amount of all rental payments set forth in the Schedule plus such additional amounts as may become due hereunder or pursuant to any written modification hereof or additional written agreement hereto. Except as otherwise specified in the Schedule, rental payments payable hereunder shall be due monthly and shall be payable in advance on the first day of each month during the term of this Lease beginning with the Commencement Date of the Initial Lease Term. All rental payments due hereunder shall be sent to the address of the Lessor specified in this Lease or in the Schedule or as otherwise directed by the Lessor in writing. Rental payments or any other payments due hereunder not made by their scheduled due date shall be overdue and shall be subject to a service charge in an amount equal to two percent (2%) per month or the maximum rate permitted by law whichever is less (the "Service Charge Rate") applied to amount of the overdue payments from the date due until paid. If Lessor shall at any time accept a rental payment after it shall become due, such acceptance shall...
Term and Rental. This lease shall commence on February 1, 2021. The term of this lease shall end on January 31, 2031.
Term and Rental. Lessee shall pay to Lessor, in addition to all other sums due hereunder, an amount equal to the product of (i) the amount funded by Lessor; multiplied by (ii) one-thirtieth of the applicable Monthly Rent Factor (as such term is defined in the Addendum); multiplied by the number of days from and including the date of such funding by Lessor to the Commencement Date of the Initial Lease Term Lessee agrees to pay the total rental for the entire term hereof, which shall be the total amount of all rental payments set forth in the Schedule, plus such additional amounts as may become due hereunder or pursuant to any written modification hereof or additional written agreement hereto. Except as otherwise specified in the Schedule, rental payments hereunder shall be monthly and shall be payable in advance on the first day of each month during the term of this Lease beginning with the Commencement Date of the Initial Lease Term and shall be sent to the address of the Lessor specified in this Lease or in the Schedule or as otherwise directed by the Lessor in writing Rental payments or any other payments due hereunder not made on or before the due date shall be overdue and shall be subject to a Service Charge. If Lessor shall at any time accept a rental payment after it shall become due, such acceptance shall not constitute or be construed as a waiver of any or all of Lessor's rights hereunder, including without limitation those rights of Lessor set forth in Sections 13 and 14 hereof.
Term and Rental. The term of this Rental Agreement is for 12 month(s) effective (occupancy date) to . The monthly rent effective is $ . Rent is DUE and PAYABLE in advance on the first day of each month and shall be considered delinquent after the seventh
Term and Rental. The term shall be for eighty-four (84) months, commencing, as adjusted pursuant to paragraph 7, on the first day of October, 1990 ("Commencement Date"), and ending as adjusted pursuant to Paragraph 7 on the thirtieth day of September 1997 at the effective rent of $0.94 per square foot for a total rent or sum of Three Million Three Hundred Fifty-one Thousand Eight Hundred Fifty-Two and No/100 Dollars ($3,351,852.00), payable, without deduction or offset, in monthly installments of: 10/1/90-9/30/91 $16,980.00 per month $203,760.00 $0.40/sq.ft. 10/1/91-9/20/92 $35,233.50 per month $422,802.00 $0.83/sq.ft. 10/1/92-9/30/93 $40,327.50 per month $483,930.00 $0.95/sq.ft. 10/1/93-9/30/94 $42,874.50 per month $514,494.00 $1.01/sq.ft. 10/1/94-9/30/95 $45,421.50 per month $545,059.00 $1.07/sq.ft. 10/1/95-9/30/96 $47,968.40 per month $575,622.00 $1.13/sq.ft. 10/1/96-9/30/97 $50,515.50 per month $606,196.00 $1.19/sq.ft. due on or before the full day of each calendar month during the term hereof. Said rental shall be paid in lawful money of the United States of America, without offset or deduction, and shall be paid to Landlord at such place or places as may be designated from time to time by Landlord. Rent for any period less than a calendar month shall be a pro rata portion of the monthly installment.
(a) Tenant shall be allowed to use the Premises prior to October 1, 1990, at the rate to cover the utility charges only.
Term and Rental. The term (“Lease Term”) shall be for one hundred twenty (120) months, commencing on the date on which the Building Shell and Tenant Improvements are Substantially Complete as defined in Article 7.H below (“Commencement Date”), and ending one hundred twenty (120) months thereafter, (“Expiration Date”). In addition to all other sums payable by Tenant under this Lease, Tenant shall pay as base monthly rent (“Base Monthly Rent”) below for the Premises in an amount determined pursuant to Exhibit “B” attached hereto. Base Monthly Rent shall increase at the end of the forty-second and eighty fourth month of the Lease Term by the product of the Base Monthly Rent payable for the preceding month and one and 147/1000 (1.147). The parties agree to enter into an amendment to this Lease setting forth the exact amount of the Base Monthly Rent payable during the Lease Term within fourteen (14) days following determination by Landlord. Base Monthly Rent shall be due on or before the first day of each calendar month during Lease Term. All sums payable by Tenant under this Lease shall be paid in lawful money of the United States of America, without offset or deduction, and shall be paid to Landlord at the address specified in Article 1 of this Lease or at such place or places as may be designated from time to time by Landlord. Base Monthly Rent for any period less than a calendar month shall be a pro rata portion of the monthly installment.
Term and Rental. 2.1 The Hire Term shall be specified in the Quotation.
2.2 All delivery shall be specified in the Quotation. The Customer agrees:-
Term and Rental. This lease shall commence on September 1, 2011. The hunting rights and campsite lease rights will commence on September 1, 2011. All other rights granted herein will commence on January 1, 2012. The term of this lease shall end on January 31, 2021.
Term and Rental. 2 Adjustment for Variance in Building Square Footage......................2
Term and Rental. Commencement Date: Initial Payment: $28,640.37 Initial Lease Term: August 1, 1998 (COVERING FIRST AND 36 months LAST RENTAL PAYMENTS -------------------------------------------------------------------------------- Rental Payments*(plus, if applicable all sales, use or other taxes imposed upon rental payments) shall be made monthly in advance as follows: $14,320.18 per rental payment beginning on the Commencement Date until THIRTY-SIX (36) rental payments have been paid in full followed by either (i) a 37th rental payment of $43,457.71 or (ii) provided that no Event of Default has occurred and is continuing under the Lease in lieu of making the foregoing 37th rental payment, Lessee may elect, by written notice issued to Lessor on or before the due date of the 34th rental payment, to pay a sum equal to $4,345.77 on the due date of the 37th rental payment and a like rental payment sum on the next 11 consecutive rental payment dates respectively and upon such election the Initial Lease Term shall be deemed to have been extended by 12 months. *Rental Payments are based on the Lease Rate Factor and are subject to adjustment as described in Paragraph A on the REVERSE SIDE HEREOF. If applicable, all freight, sale sand use taxes, insurance and maintenance expense paid by Lessor shall be paid by Lessee in accordance with the terms of the Lease and this Schedule. ================================================================================ PROPERTY TAXES: Lessor shall report all Equipment for personal property or advalorem tax return purposes as may be required under applicable law, and all resulting taxes shall be paid by Lessee. ================================================================================ ================================================================================ END OF TERM OPTIONS: At the end of the initial lease term the following options are granted to Lessee in accordance with the terms described on the reverse side hereof: OPTION TO RENEW the Initial Lease Term at a Rental equal to the FAIR RENTAL VALUE (not less than 1%) renewal each month for a Renewal Period of Twelve (12) months. OPTION TO PURCHASE not less than all of the Equipment at the end of the Initial Lease Term (as described above including any extension thereof) at a Purchase Option Price equal to the then FAIR MARKET VALUE (not less than 10%) of the Equipment. ================================================================================ ADDITIONAL TERMS AND CONDITI...
