TI Rent Sample Clauses

TI Rent. Landlord shall, subject to the terms of the Work Letter, make the Glasswasher Allowance (as defined in the Work Letter) available to Tenant. Commencing on the Commencement Date and continuing thereafter on the first day of each month during the Term, Tenant shall pay the amount necessary to fully amortize the portion of the Glasswasher Allowance actually funded by Landlord, if any, over 6 years in equal monthly payments with interest at a rate of 8% per annum (“TI Rent”).
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TI Rent. Any obligation of Tenant to reimburse Landlord for the costs of any tenant improvements payable to Landlord, whether characterized as TI Rent or otherwise, shall not be decreased by the modification of the Rentable Area of the Premises pursuant to this Amendment and the obligation to pay such amounts shall continue in full force and effect in the amounts originally set forth in the Lease.
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TI Rent. All references to “TI Rent” and “Excess TI Costs” are hereby deleted from the Amended Lease, and Tenant shall have no obligation to reimburse Landlord for (a) any tenant improvements previously constructed by Landlord or (b) the Landlord Work to be performed pursuant to this Amendment. In connection with the foregoing, Section 4 of the Amended and Restated Second Amendment is hereby deleted in its entirety.
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TI Rent. Tenant shall continue to pay TI Rent as provided for under the Lease through the Termination Date; provided, however, that so long as Tenant delivers to Landlord (i) the Second Modification Payment on April 1, 2025, and (ii) the Third Modification Payment by January 2, 2026, as required by Section 8 below, commencing on the Effective Date through the Termination Date, Tenant shall not be required to TI Rent under the Lease.
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TI Rent. In addition to the Tenant Improvement Allowance (as defined in the Work Letter attached to this Second Amendment as Exhibit C), Landlord shall, subject to the terms of the Work Letter, make available to Tenant the Additional Tenant Improvement Allowance (as defined in the Work Letter) for the construction of the Tenant Improvements. Commencing on the first day of the month following the date on which any portion of the Additional Tenant Improvement Allowance is funded to Tenant (“Initial Payment Date”) and continuing thereafter on the first day of each month of the Base Term, Tenant shall pay to Landlord the amount necessary to fully amortize the amount of the Additional Tenant Improvement Allowance actually funded by Landlord, if any, in equal monthly payments with interest at a rate of 9% per annum over the remaining Base Term (“TI Rent”). If any portion of the Additional Tenant Improvement Allowance is funded to Tenant after the Initial Payment Date, the monthly amount of TI Rent payable by Tenant shall be adjusted in order to fully amortize such amounts funded after the Initial Funding Date in equal monthly payments with interest at a rate of 9% per annum over the remaining Base Term.
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TI Rent. (a) The Tenant shall pay “TI Rent” in equal monthly installments commencing on the Rent Commencement Date and continuing on the first (1st) day of each month thereafter for the remainder of the Original Term to reimburse the Landlord for Net TI Costs incurred by the Landlord in constructing the agreed upon “Initial Tenant Improvements” to the Premises (see “Landlord’s Work” herein below). As of the Date of this Lease, the Landlord and the Tenant have agreed that the Maximum Net TI Costs will not exceed the amount of $25,000,000 (the “Maximum Net TI Costs”). As contemplated under Section 10.2(a) hereof, after completion and approval by Landlord and Tenant of the Final Tenant Improvement Plans and Specifications, Landlord will provide Tenant with a cost estimate of the Initial Tenant Improvements. To the extent that such total cost estimate exceeds the Maximum Net TI Costs (the “Excess TI Costs”) either (i) the Final Tenant Improvement Plans and Specifications will be revised to eliminate such Excess TI Costs, or (ii) Tenant will agree that the Maximum Net TI Costs will be increased by the amount of such Excess TI Costs. On or about the Rent Commencement Date, the actual TI Rent payable by Tenant shall be calculated based upon the final Net TI Costs (but in any event not to exceed the then effective “Maximum Net TI Costs”) and the applicable interest rate then payable by Landlord to finance such Net TI Costs. Such actual TI Rent shall be the monthly amount (level payment of principal and interest) required to fully amortize a loan in the amount of such Net TI Costs and bearing interest at such applicable interest rate over the Original Term (15 years). If, during the Original Term, such applicable interest rate changes, the TI Rent will be recalculated based upon the then outstanding principal balance of such Net TI Costs, the time remaining in the Original Term and the replacement applicable interest rate.
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TI Rent. The TI Rent for each Lease Year shall be due and payable in twelve (12) consecutive, equal monthly installments, in advance, on the first (1st) day of each calendar month during such Lease Year.
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TI Rent. In consideration for the Basic Rent that LESSOR agrees to pay under the Lease for the Lease Term, LESSOR has agreed to provide LESSEE with an improvement allowance of $500,000.00 (“Allowance”) for improvements to the Premises to be made by LESSOR as set forth in Exhibit C attached hereto (the “Tenant Improvements”). In addition, LESSOR has agreed to make available to LESSEE an additional allowance of up to an additional $300,000 (subject to LESSEE having first contributed $400,000 of LESSEE’s funds toward the cost of the Tenant Improvements) for the Tenant Improvements (the “Additional Allowance”); provided, however, as consideration for LESSOR providing the Additional Allowance to LESSEE, LESSEE agrees to pay LESSOR, in addition to the Basic Rent, a monthly amount equal to the amount required to fully amortize the Additional Allowance, plus interest on Additional Allowance at the rate of seven percent (7%) per annum from the Commencement Date through the end of the initial Lease Term, such amortization to begin on first day of the sixth full calendar month after the Commencement Date through the end of the initial Lease Term (the “TI Rent”). Assuming LESSEE utilizes the entire $300,000 available as the Additional Allowance, and further assuming the Commencement Date is on the first day of a calendar month, then the monthly TI Rent commencing on the first day of the sixth full month of the Lease Term would be $3,566 per month. Lessor shall notify Lessee of Lessor’s calculation of monthly TI Rent (including a copy of the amortization schedule used to calculate such amount) prior to the Commencement Date. The Basic Rent, Additional Rent, TI Rent and all other amounts of whatever kind or character payable to LESSOR by LESSEE hereunder (all hereinafter included in the term “rent”) shall, except as otherwise provided herein, be paid without notice of demand and without abatement, counterclaim, deduction, setoff or defense, and any amounts due and owing hereunder by one party to the other and not paid when due shall bear interest at the rate of twelve percent (12%) per annum (or the highest legal rate provided by then controlling law if less than twelve percent (12%) from the due date until paid). Subject to the initial period of free Rent set forth on Addendum #1, the initial amount of rent is computed as follows (based on a Premises containing square feet): Annual Rate Annual Amount Monthly Amount Basic Rent( sq. ft.) Additional Rent (estimated for 2009): Comm...
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TI Rent 
Sample 1

Related to TI Rent

  • 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.

  • Additional Rent Beginning with the commencement date of the term of this Lease, Tenant shall pay to Landlord in addition to the Basic Rent and as Additional Rent the following: (a) Tenant's proportionate share of all Taxes relating to the Complex as set forth in Paragraph 12, and (b) Tenant's proportionate share of all insurance premiums relating to the Complex, as set forth in Paragraph 15, and (c) Tenant's proportionate share of expenses for the operation, management, maintenance and repair of the Building (including common areas of the Building) and Common Areas of the Complex in which the Premises are located as set forth in Paragraph 7, and (d) All charges, costs and expenses, which Tenant is required to pay hereunder, together with all interest and penalties, costs and expenses including attorneys' fees and legal expenses, that may accrue thereto in the event of Tenant's failure to pay such amounts, and all damages, reasonable costs and expenses which Landlord may incur by reason of default of Tenant or failure on Tenant's part to comply with the terms of this Lease. In the event of nonpayment by Tenant of Additional Rent Landlord shall have all the rights and remedies with respect thereto as Landlord has for nonpayment of rent. The Additional Rent due hereunder shall be paid to Landlord or Landlord's agent (i) within five days for taxes and insurance and within thirty days for all other Additional Rent items after presentation of invoice from Landlord or Landlord's agent setting forth such Additional Rent and/or (ii) at the option of Landlord, Tenant shall pay to Landlord monthly, in advance, Tenant's prorata share of an amount estimated by Landlord to be Landlord's approximate average monthly expenditure for such Additional Rent items, which estimated amount shall be reconciled within 120 days of the end of each calendar year or more frequently if Landlord so elects to do so at Landlord's sole and absolute discretion, as compared to Landlord's actual expenditure for said Additional Rent items, with Tenant paying to Landlord, upon demand, any amount of actual expenses expended by Landlord in excess of said estimated amount, or Landlord crediting to Tenant (providing Tenant is not in default in the performance of any of the terms, covenants and conditions of this Lease) any amount of estimated payments made by Tenant in excess of Landlord's actual expenditures for said Additional Rent items. The respective obligations of Landlord and Tenant under this paragraph shall survive the expiration or other termination of the term of this Lease, and if the term hereof shall expire or shall otherwise terminate on a day other than the last day of a calendar year, the actual Additional Rent incurred for the calendar year in which the term hereof expires or otherwise terminates shall be determined and settled on the basis of the statement of actual Additional Rent for such calendar year and shall be prorated in the proportion which the number of days in such calendar year preceding such expiration or termination bears to 365. See Paragraph 54

  • Rent The rent for the Accommodation will be as stated on page 1 of this Tenancy Agreement. The Landlord acknowledges the Tenant has paid the Advance Payment of FIVE HUNDRED POUNDS (£500) STERLING which will be credited to the Tenant’s rent account. Subsequent Rent payments must be paid by monthly instalments in advance by recurring card payments (from a UK bank account). The subsequent monthly sums due will be shown on the rent schedule to be provided separately to the Tenant. The sum of ONE HUNDRED AND FIFTY POUNDS (£150) STERLING of the Advance Payment will be retained by the Landlord as a cancellation fee if this Tenancy Agreement is terminated, either by the Tenant or by the Landlord due to a breach of the terms of this Tenancy Agreement by the Tenant, prior to 4 September 2020. If this Tenancy Agreement is terminated by the Tenant, or by the Landlord due to a breach of the terms of this Tenancy Agreement by the Tenant, at any time after 4 September 2020 before the contractual termination date stated on page 1 of this Tenancy Agreement the Landlord will be entitled to retain from the Rent paid in advance such sums as may Necessary to compensate the Landlord for the Landlord’s losses due to such early termination all in accordance with the terms of Condition 25 (c) hereof. If there is an insufficient sum at the credit if the Tenant’s Rent account to compensate the Landlord for the Landlord’s losses, (as determined in accordance with Condition 25 (c)) the Tenant will remain responsible for payment of any shortfall notified to the Tenant. In the event of there being a credit balance on the Tenant’s Rent there shall be refunded to the Tenant such proportion of any payments made in advance by the Tenant as may remain after deduction of (1) any Rent due by the Tenant until the date of occupation by the new occupier and (2) Administrative, legal, factorial, cleaning and other costs incurred by the Landlord in re-letting the Premises.

  • Base Rental Subject to adjustments in accordance with Article 7 below, from and after the Rental Commencement Date Tenant shall pay to Landlord a base annual rental (herein called "Base Rental") equal to the Base Rental Rate set forth in Article 1(j) above multiplied by the Rentable Floor Area of Demised Premises set forth in Article 1(g) above.

Most Referenced Clauses

Most Referenced Definitions