TERM; RENTAL a. This Agreement shall be for a term of ten (10) years commencing upon the execution hereof by both Parties. Each Supplement shall be effective as of the date of execution by both Parties (the "Effective Date"). The initial term of each Supplement shall be for ten (10) years and shall commence on the first day of the month following the date LICENSEE commences installation of the Equipment on the Site (the "Commencement Date"). On the Commencement Date of each Supplement, rental payments shall commence and be due in advance at a total annual rental of $175.00 per LICENSOR Light Pole, to be paid to LICENSOR as set forth below. LICENSOR and LICENSEE shall acknowledge the Commencement Date of each Supplement in writing. LICENSOR and LICENSEE acknowledge and agree that the initial rental payment for each Supplement may not actually be sent by LICENSEE until ninety (90) days after the written acknowledgement of the Commencement Date. ALL RENTAL PAYMENTS MUST PROMINENTLY IDENTIFY THE LICENSOR's CONTRACT NUMBER FOR THIS AGREEMENT. In the event the Director of Parks and Recreation authorizes use of property in City Parks for LICENSEE Poles, the same rental rate shall apply.
b. The annual rental payable under this Agreement and each Supplement then in effect may be decreased or increased from time to time, based upon cost studies conducted by LICENSOR, solely at its cost, to determine a reasonable approximation of the objectively reasonable and non-discriminatory costs incurred by LICENSOR and specifically related to and caused by the deployment of Equipment on LICENSOR's Light Poles on Right of Way or City Parks. Such studies, and any adjustments pursuant thereto, shall be subject to the limitations of applicable Laws, including, without limitation, FCC 18-133 and rules promulgated in accordance with such Order. Copies of each such study shall be provided to LICENSEE for review so that LICENSEE may, without being obligated to do so, provide LICENSOR with comments regarding the costs detailed by the study and any proposed adjustment to annual rent and other fees. The cost study will be presented to the Sioux Falls City Council in a public meeting where LICENSEE will have an opportunity to comment. Any adjustment to the then-current annual rental shall be applied on a competitively neutral and non-discriminatory basis, in accordance with applicable Laws, and adopted by City Ordinance. LICENSOR shall provide at least ninety (90) days' prior written notice of any adj...
TERM; RENTAL a. This Agreement shall be effective on the Commencement Date and, unless sooner terminated as provided in this Agreement, shall extend for one (1) year and thereafter shall automatically be extended from year to year, unless otherwise terminated as provided herein (collectively, "Term"). LESSEE shall pay to LESSOR, in advance, annual rent of One Dollar AND No/100TH DOLLARS ($1.00). Said rent shall be paid to LESSOR at the address listed in Section 15 below, or to such other person, firm or place as LESSOR may, from time to time, designate by written notice to LESSEE, at the address listed in Section 15 below, at least thirty (30) days in advance of any rental payment date. The entire rental payment shall be due on the first day of the month following the Commencement Date for the entire lease term. By way of illustration of the preceding sentence, if the Commencement Date is June 23, 2022, LESSEE shall send to the LESSOR the entire annual rental payment by July 1, 2022. 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.
b. If requested by XXXXXX, LESSOR shall provide to LESSEE certain documentation (the "Rental Documentation") evidencing LESSOR's interest in and right to receive rental payments under this Agreement, including without limitation: (i) documentation, acceptable to LESSEE in LESSEE's reasonable discretion, evidencing XXXXXX's good and sufficient title to or interest in the Property and right to receive rental payments and other benefits hereunder; and (ii) a complete and fully executed Internal Revenue Service Form W-9, or equivalent, in a form acceptable to LESSEE. The Rental Documentation shall be provided to LESSEE in accordance with the provisions of and at the address stated in this Agreement. The failure of LESSOR to provide Rental Documentation shall not excuse the LESSEE from its obligations to pay rent and to abide by the terms and conditions of this Agreement. Any such failure by LESSOR shall be subject to the provisions of this Agreement regarding breach.
x. XXXXXX shall have no obligation to provide gas, electrical, telephone, water, or sanitary sewer service for the Leased Premises. LESSEE shall furnish and install at its own expense, and subject to all rules, regulations, codes and ordinances of the City, any and all utility services it may require to use the Leased Premises for its...
TERM; RENTAL. The lease term and rental payments are specified in said Equipment Schedule. Lessee’s obligation to make rental and other payments is unconditional and rental payments shall be paid without defense, offset, or counterclaim. The term shall commence on the date indicated on each Equipment Schedule. All rents shall be paid at the office of Lessor in Salt Lake City or at such other place as Lessor may hereafter designate.
TERM; RENTAL. The Term of the Lease Agreement for the Equipment described in this Schedule shall be in accordance with the provisions of the Lease Agreement and shall continue until all rental payments are fully paid. Lessee agrees to pay CLC as rental payments aggregating $3,198,432.72 plus any applicable sales and/or use taxes thereon payment in 84 MONTHLY payments of $38,076.58 each, plus any applicable sales and/or use taxes commencing JUNE 30, 1996, and on the same calendar day of each succeeding like period until fully paid. THE RENTAL PAYMENTS SHALL BE REMITTED TO CLC AT P.O. DXXXXX 00-000, XXXXXXX, XXXXXXXX 00000, xxxxss CLC specifies otherwise in writing.
TERM; RENTAL. The Term of the Lease Agreement for the Equipment described in this Schedule shall be in accordance with the provisions of the Lease Agreement and shall continue until all rental payments are fully paid. Lessee agrees to pay CLCB as rental payments aggregating * plus any applicable sales and/or use taxes thereon payable in 36 monthly payments of * each, plus any applicable sales and/or use taxes commencing October 15, 1998, and on the same calendar day of each succeeding like period until fully paid. THE RENTAL PAYMENTS SHALL BE REMITTED TO CLCB AT X.X. XXXXXX 00-000, XXXXXXX, XXXXXXXX 00000, unless CLCB specifies otherwise in writing.
TERM; RENTAL a. This Agreement shall be effective as of the date of execution by both Parties and the initial term shall end ten (10) years from the date of this Agreement. Rental for the initial term shall be at a base annual rental (“Base Rent”) of $48,000.00. All Base Rent and other amounts due under this Agreement shall be paid in equal monthly installments on the first day of the month, in advance, to Lessor at the address set forth in Paragraph 22 below, 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 in accordance with Paragraph 22 herein. Upon agreement of the Parties, Lessee may pay Base Rent by electronic funds transfer and in such event, Lessor agrees to provide to Lessee bank routing information for such purpose upon request of Lessee. The initial term and all extensions, if any, shall be collectively referred to herein as the “Term.”
TERM; RENTAL. The Term of the Lease for the Premises is hereby extended for a period of one (1) year (the “One-Year Extension Term”) commencing on November 1, 2009 and terminating on October 31, 2010. Tenant shall pay to Landlord throughout the One-Year Extension Term, at such place as Landlord may designate, without deduction, offset, prior notice or demand, Base Rent for the Premises in lawful money of the United States in the following amounts: Nothing herein shall be construed to limit or alter Tenant’s obligation to pay Tenant’s Pro Rata Share of Expense Excess and Tax Excess as provided in Exhibit B to the Original Lease, throughout the One-Year Extension Term. The Base Year shall remain calendar year 2004.
TERM; RENTAL. All and any changes to the terms and conditions set out in the Articles of this contract and which have not been agreed upon in writing shall be null and void and of no effect.
TERM; RENTAL. The Term as applicable to Expansion Space shall commence on the date of delivery of such space to Tenant and shall expire on the same date as the expiration or earlier termination of this Lease. Base Rental with respect to any Expansion Space shall be at the rate provided in Section 6.1.
TERM; RENTAL. Section 4 of the Lease (Term & Rental) shall be replaced with the following: The Commencement Date of the Lease occurred on October 1, 1992 and shall end eighty four (84) months following Substantial Completion of the Tenant Improvements desired by Tenant to the second floor of the Premises ("Second Floor Commencement Date"). In addition to all other sums payable by Tenant under this Lease, prior to the Second Floor Commencement Date Tenant shall pay as base monthly rent ("Base Monthly Rent") for the Premises the sum of Forty Six Thousand Five Hundred and 90/100 Dollars ($46,500.90) per month. From the Second Floor Commencement Date through September 30, 1997, Tenant shall pay as Base Monthly Rent the sum of One Hundred Two Thousand Four Hundred Thirty Five and 90/100 Dollars ($102,435.90) per month. Beginning on October 1, 1997 through the balance of the Lease Term, subject to adjustment pursuant to Section 3 of this Amendment, Tenant shall pay as Base Monthly Rent the sum of One Hundred Seven Thousand Seven Hundred Fifty Five and 56/100 Dollars ($107,755.56) per month. 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 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.
