TERM; RENTAL. This Agreement shall be effective as of the date of execution by both Parties (the "Effective Date"), provided, however, the initial term shall be for five (5) years and shall commence on the first day of the month following the day that LESSEE commences installation of the equipment on the Premises (the “Commencement Date”) at which time rental payments shall commence and be due at a total annual rental of Eight Hundred and Forty Dollars ($840) to be paid in advance annually on the Commencement Date and on each anniversary of it in advance, to LESSOR 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 18 below. XXXXXX and XXXXXX agree that they shall acknowledge in writing the Commencement Date. XXXXXX and XXXXXX acknowledge and agree that initial rental payment may not actually be sent by XXXXXX until ninety (90) days after XXXXXX’s receipt of written acknowledgement confirming the Commencement Date. As additional consideration for this Agreement, XXXXXX further agrees to pay LESSOR a one-time, lump sum payment in the sum of Two Thousand and No/100 Dollars ($2,000.00) as additional rent, which shall be due and payable within ninety (90) days of the full execution of the Agreement and which shall be non- refundable. The Parties understand and agree that this additional rent is being paid for the purpose of reimbursing LESSOR for its attorney costs. 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. LESSOR hereby agrees to provide to LESSEE certain documentation (the “Rental Documentation”) including without limitation: (i) documentation evidencing LESSOR’s good and sufficient title to and/or interest in the Property and right to receive rental payments and other benefits hereunder; (ii) a completed Internal Revenue Service Form W-9, or equivalent for any party to whom rental payments are to be made pursuant to this Agreement; and (iii) other documentation requested by LESSEE and within fifteen (15) days of obtaining an interest in the Property or this Agreement, any assignee(s), transferee(s) or other successor(s) in interest of LESSOR shall provide to LESSEE such Rental Documentation. All documentation shall be acceptable to LESSEE in LESSEE’s reasonable discr...
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 CLCB as rental payments aggregating $233,585.28 plus any applicable sales and/or use taxes thereon payable in 36 monthly payments of $6,488.48 each, plus any applicable sales and/or use taxes commencing May 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 P.X. XXXXXX 00-000, XXXXXXX, XXXXXXXX 00000, unless CLCB 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 CLC as rental payments aggregating $3,198,432.72 plus any applicable sales and/or use taxes thereon payable 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 X.X. XXXXXX 00-000, XXXXXXX, XXXXXXXX 00000, unless CLC specifies otherwise in writing.
TERM; RENTAL a. This Agreement 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 Commencement Date (as hereinafter defined) at which time rental payments shall commence and be due at a total annual rental of $1824,000.00 to be paid in equal monthly installments on the first day of the month, in advance, to LESSOR or to such other person, firm or place as LESSOR {A3394666} 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 23 below. The Agreement shall commence based upon the date LESSEE commences installation of the equipment on the Premises or August 1, 2016, whichever occurs first. In the event the date LESSEE commences installation of the equipment on the Premises falls between the 1st and 15th of the month, the Agreement shall commence on the 1st of that month and if the date installation commences falls between the 16th and 31st of the month, then the Agreement shall commence on the 1st day of the following month (either the “Commencement Date”). LESSOR and LESSEE agree that they shall acknowledge in writing the Commencement Date. LESSOR and LESSEE acknowledge and agree that initial rental payment(s) shall not actually be sent by LESSEE until thirty (30) days after a written acknowledgement confirming the Commencement Date. By way of illustration of the preceding sentence, if the Commencement Date is January 1 and the written acknowledgement confirming the Commencement Date is dated January 14, LESSEE shall send to the LESSOR the rental payments for January 1 and February 1 by February 13. Upon agreement of the Parties, LESSEE may pay 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.
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. 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 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.
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.
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: Months Monthly Base Rent Rate Monthly Base Rent November 1, 2009 – October 31, 2010 $2.65 psf $142,774.05 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.
