Types of Rental Payments. Tenant shall pay net base rent to Landlord in monthly installments, in advance, on the first day of each and every calendar month during the Term of this Lease (the "BASE RENT") in the amounts and for the periods set forth below: Tenant Initial__________ Landlord Initial__________ LEASE PERIOD MONTHLY BASE RENT ------------ ----------------- 02-01-04 - 05-31-04 $ -0- 06-01-04 - 05-31-05 $42,216.10 06-01-05 - 05-31-06 $43,271.50 06-01-06 - 05-31-07 $44,353.29 06-01-07 - 05-31-08 $45,462.12 06-01-08 - 05-31-09 $46,598.68 Tenant shall also pay Tenant's Proportionate Share (as set forth in SECTION 1.14) of Operating Expenses (as hereinafter defined), Tenant's Proportionate Share of any and all Reserve Expenses (as hereinafter defined) and any other amounts owed by Tenant hereunder [collectively, "ADDITIONAL RENT"]. In the event any monthly installment of Base Rent or Additional Rent, or both, is not paid within 10 days of the date when due, a late charge in an amount equal to 5% of the then delinquent installment of Base Rent and/or Additional Rent [the "LATE CHARGE"; the Late Charge, Default Interest (as defined in SECTION 22.3 below), Base Rent and Additional Rent shall collectively be referred to as "RENT"] to FIRST INDUSTRIAL DEVELOPMENT SERVICES, INC., 00 XXXXXXXXXX XXXXX, XXXXX 0000, XXXXXXX XXXXXXXX 00000-0000 (or such other entity designated as Landlord's management agent, if any, and if Landlord so appoints such a management agent, the "AGENT"), or pursuant to such other directions as Landlord shall designate in this Lease or otherwise in writing; PROVIDED HOWEVER, THAT ON THE FIRST TWO INSTANCES OF ANY SUCH DELINQUENCY IN ANY CALENDAR YEAR, NO SUCH LATE CHARGE SHALL APPLY IF PAYMENT IN FULL OF SUCH DELINQUENT INSTALLMENT IS RECEIVED BY LANDLORD NOT LATER THAN THE FIFTH (5TH) DAY FOLLOWING DELIVERY BY LANDLORD TO TENANT OF WRITTEN NOTICE OF SUCH DELINQUENCY (IT BEING ACKNOWLEDGED BY TENANT THAT ANY SUCH ADDITIONAL FIVE (5) DAY NOTICE AND CURE PERIOD SHALL BE APPLICABLE ONLY ON THE FIRST SUCH INSTANCE OF ANY SUCH DELINQUENT INSTALLMENT DURING ANY GIVEN CALENDAR YEAR AND THAT LANDLORD SHALL OTHERWISE HAVE NO OBLIGATION TO NOTIFY TENANT OF ANY SUCH DELINQUENCY).
Types of Rental Payments. Tenant shall pay net base rent to Landlord in monthly installments, in advance, on the first day of each and every calendar month during the Term of this Lease (the “Base Rent”) in the amounts and for the periods as set forth below:
Types of Rental Payments. Tenant shall pay net base rent to Landlord in monthly installments, in advance, on the first day of each and every calendar month during the Term of this Lease (the “Base Rent”) in the amounts and for the periods as set forth below: Year 1 $ 647,965 $ 53,997 Year 2 $ 647,965 $ 53,997 Year 3 $ 687,426 $ 57,286 Year 4 $ 687,426 $ 57,286 Year 5 $ 729,291 $ 60,774 Year 6 $ 729,291 $ 60,774 Year 7 $ 773,704 $ 64,475 Year 8 $ 773,704 $ 64,475 Year 9 $ 820,823 $ 68,402 Year 10 $ 820,823 $ 68,402 Year 11 $ 870,811 $ 72,568 Year 12 $ 870,811 $ 72,568 Year 13 $ 923,844 $ 76,987 Year 14 $ 923,844 $ 76,987 Year 15 $ 980,106 $ 81,676 Year 16 $ 980,106 $ 81,676 Year 17 $ 1,039,794 $ 86,650 Year 18 $ 1,039,794 $ 86,650 Year 19 $ 1,103,118 $ 91,927 Year 20 $ 1,103,118 $ 91,927 Tenant shall also pay all Operating Expenses (defined below) and any other amounts owed by Tenant hereunder (collectively, “Additional Rent”). In the event any monthly installment of Base Rent or Additional Rent, or both, is not paid within ten (10) days of the date when due, a late charge in an amount equal to 5% of the then-delinquent installment of Base Rent and/or Additional Rent (the “Late Charge”; the Late Charge, Default Interest, as defined in Section 21.3 below, Base Rent and Additional Rent shall collectively be referred to as “Rent”) shall be paid by Tenant to Landlord. Landlord and Tenant agree that (a) such Late Charge and Default Interest are intended to compensate Landlord for additional administrative charges and other damages incurred by Landlord on account of such late payment and do not constitute a penalty, (b) the actual damages to be suffered by Landlord in the event of a late payment of Rent shall be difficult, if not impossible, to ascertain, and (c) that such Late Charge and Default Interest are a reasonable estimate of such charges and damages. Tenant shall deliver all Rent payments to Landlord at: c/o First Industrial, L.P, X.X. Xxx 000000, Xxxxxxxxx, Xxxxx Xxxxxxxx 00000-0000, or if sent by overnight courier, First Industrial, L.P., XX Xxxxxx Xxxxx, 000 Xxxxxx Xxxx, Xxxxx 000, Xxxxxxxxx, Xxxxx Xxxxxxxx 00000, Attn: FILP Lockbox 905654 (or to such other entity designated as Landlord’s management agent, if any, and if Landlord so appoints such a management agent, the “Agent”), or pursuant to such other directions as Landlord shall designate in this Lease or otherwise to Tenant not less than thirty (30) days in advance in writing.
Types of Rental Payments. Tenant shall pay rents of (a) net base rent payable in monthly installments as set forth in Section 1.11 hereof, in advance, on the first day of each and every calendar month during the Term of this Lease (the “Base Rent”); and (b) Tenant’s Proportionate Share of Operating Expenses (defined below) and any other amounts owed by Tenant hereunder (collectively, “Additional Rent”); and (c) in the event any monthly installment of Base Rent or Additional Rent, or both, is not paid within 10 days of the date when due, a late charge in an amount equal to 5% of the then-delinquent installment of Base Rent and/or Additional Rent (the “Late Charge”; the Late Charge, Base Rent and Additional Rent shall collectively be referred to as “Rent”), to Xxxxxx XX, LLC Attn: Xxx Xxxxxxx, 0000 Xxx xx Xxx Xxxx., Xxxxx 000, Xxxxx, XX 00000 (or such other entity designated as Landlord’s management agent, if any, and if Landlord so appoints such a management agent, the. Agent”), or pursuant to such other directions as Landlord shall designate in this Lease or otherwise in writing.
Types of Rental Payments. Commencing on the Rent Commencement Date, Tenant shall pay rents of (a) net base rent payable in monthly installments as set forth in Section 1.10 hereof, in advance, on the first day of each and every calendar month during the Term of this Lease (the “Base Rent”); and (b) any other amounts owed by Tenant hereunder (collectively, “Additional Rent”); (c) in the event any monthly installment of Base Rent or Additional Rent, or both, is not paid within ten (10) days of the date when due, a late charge in an amount equal to five percent (5%) of the then delinquent installment of Base Rent and/or Additional Rent (the “Late Charge”; and (d) applicable sales tax (the “Sales Tax”), (the Late Charge, the Base Rent, the Additional Rent and the Sales Tax shall collectively be referred to as “Rent”), to Landlord, (or such other entity designated in writing as Landlord’s management agent, if any, and if Landlord so appoints such a management agent, the “Agent”), or pursuant to such other directions as Landlord shall designate in this Lease or otherwise in writing.
Types of Rental Payments. Tenant shall pay net base rent (the “Base Rent”) to Landlord in monthly installments, in advance, on the first day of each and every calendar month during the Term, in the amounts and for the periods as set forth below: 3/29/2014 — 4/30/2014 $0.00 * 5/1/2014 — 4/30/2015 $2,533.85 5/1/2015 — 5/31/2015 $0.00 ** 6/1/2015 — 5/31/2016 $2,635.21 6/1/2016 — 5/31/2017 $2,707.60 6/1/2017 — 5/31/2018 $2,780.00 6/1/2018 — 5/31/2019 $2,852.40 Monthly installments of Base Rent shall be conditionally abated as follows. * Base Rent shall be abated 100% from March 29, 2014 through April 30, 2014, such that Base Rent shall be $0.00 per month. ** Base Rent shall be abated 100% from May 1, 2015 through May 31, 2015, such that Base Rent shall be $0.00 per month, subject to all terms of this Section 2. Notwithstanding such abatement of Base Rent, all other sums due under the Lease, including Additional Rent and sales tax (if applicable), shall be payable as provided in the Lease. The abatement of Base Rent provided for in this provision is conditioned upon Tenant’s full and timely performance of all of its obligations under the Lease. If at any time during the Lease Term and Event of Default by Tenant occurs, then the abatement of Base Rent provided for in this provision shall immediately become null and void, and Tenant shall promptly pay to Landlord, in addition to all other amounts due to Landlord under the Lease, the full amount of all Base Rent herein abated. Tenant shall also pay (a) Tenant’s Proportionate Share (as set forth in Section 1.12) of Operating Expenses (as hereinafter defined), and (b) any other amounts owed by Tenant hereunder (the sums described in (a) and (b), collectively, “Additional Rent”). In the event any monthly installment of Base Rent or Additional Rent, or both, is not paid within 5 calendar days of the date when due, a late charge in an amount equal to 5% of the then delinquent installment of Base Rent and/or Additional Rent (the “Late Charge”) shall be imposed with respect to the then-delinquent Rent (as defined below) payment. For purposes of this Lease, the Late Charge, Default Interest, as defined in Section 22.3 below, Base Rent and Additional Rent shall collectively be referred to as “Rent.” All Rent shall be paid by Tenant to Landlord, c/o First Industrial, L.P. , X.X. Xxx 00000-0000 , Xxxxxxxx, XX 00000-0000, or if sent by overnight courier, PNC BANK X/X XXXXX XXXXXXXXXX XX, 000 X. XXXXXXXX STREET, SUITE 160, LOCKBOX NUMBER 911942, XXXXXX...
Types of Rental Payments. Tenant shall pay net base rent to Landlord in monthly installments, in advance, on the first day of each and every calendar month during the Term of this Lease (the “Base Rent”) in the amounts and for the periods set forth below for each of the Premises described herein: 3/16/03-3/31/04 $ 65,724.80 $ 5,477.07 $ 2.30 4/1/04-3/31/05 $ 71,440.00 $ 5,953.33 $ 2.50 4/1/05-3/31/06 $ 77,155.20 $ 6,429.60 $ 2.70 4/1/06-3/31/07 $ 82,870.40 $ 6,905.87 $ 2.90 4/1/07-7/31/08 $ 88,585.60 $ 7,382.13 $ 3.10 Phase II Premises Commencement Date – 4/30/06 $ 88,872.00 $ 7,406.00 $ 2.80 5/1/06 – 7/31/08 $ 95,220.00 $ 7,935.00 $ 3.00 Phase III Premises Commencement Date – 7/31/04 $ 276,707.76 $ 23,058.98 $ 2.75 8/1/04-7/31/05 $ 281,738.76 $ 23,478.23 $ 2.80 8/1/05-7/31/06 $ 286,769.88 $ 23,897.49 $ 2.85 8/1/06-7/31/07 $ 291,800.88 $ 24,316.74 $ 2.90 8/1/07-7/31/08 $ 296,832.00 $ 24,735.00 $ 2.95 Tenant shall also pay Tenant’s Proportionate Share (as set forth in Section 1.12) of Operating Expenses (as hereinafter defined) and any other amounts owed by Tenant hereunder [collectively, “Additional Rent”]. In the event any monthly installment of Base Rent or Additional Rent, or both, is not paid within five (5) business days after Tenant’s receipt of notice from Landlord that such payment is past due, Landlord may charge Tenant a late charge equal to 4% of the then delinquent installment of Base Rent and/or Additional Rent [the “Late Charge”; the Late Charge, Default Interest (as defined in Section 22.3 below), Base Rent and Additional Rent shall collectively be referred to as “Rent”) shall be paid by Tenant to Landlord as Additional Rent. Tenant shall pay Rent to Landlord at the following address: c/o First Industrial, L.P., 00 Xxxxxxxxxx Xxxxx, Xxxxx 0000, Xxxxxxx, XX 00000-0000, or if sent by overnight courier, Northern Trust Receipt & Dispatch, 000 X. Xxxxxxx Xxxxxx, 0xx Xxxxx, Xxxxx 0000, Xxxxxxx, XX 00000, Attention: First Industrial L.P., Lockbox #1444, (or such other entity designated as Landlord’s management agent, if any, and if Landlord so appoints such a management agent, the “Agent”), or pursuant to such other directions as Landlord shall designate in this Lease or otherwise in writing. The foregoing notwithstanding, Tenant shall be entitled to receive notices from Landlord under this paragraph on only the first occasion of nonpayment of Rent in each calendar year and, on the second and each succeeding occasion of nonpayment of Rent in such calendar year, Tenant shall...
Types of Rental Payments. Beginning on the Commencement Date (subject to the provisions of this Section 2.2), Tenant shall pay net annual base rent of $251,849.28 to Landlord in equal monthly installments of $20,987.44, in advance, on the first day of each and every calendar month during the Term of this Lease (the “Base Rent”). Beginning on the Commencement Date, Tenant shall also pay Tenant’s Proportionate Share of Operating Expenses (as hereinafter defined) and any other amounts owed by Tenant hereunder (collectively, “Additional Rent”). In the event any monthly installment of Base Rent or Additional Rent, or both, is not paid when due, Tenant shall pay to Landlord a late charge in an amount equal to 5% of the then delinquent installment of Base Rent and/or Additional Rent (the “Late Charge”; the Late Charge, Default Interest (as defined in Section 22.3 below), Base Rent and Additional Rent shall collectively be referred to as “Rent”). All Rent shall be payable to Landlord at the address set forth in Section 25 hereof or such other address as may be provided upon thirty (30) days prior written notice from Landlord to Tenant. Tenant shall pay the second monthly installment of Base Rent upon the execution of this Lease. Landlord grants Tenant Base Rent for the first month of this Lease waived provided that Tenant has made previously agreed upon dock door improvements.
Types of Rental Payments. Tenant shall pay annual net base rent to Landlord, in advance, on the first day of each and every calendar month during the Term of this Lease (the "Base Rent") (excluding the first six months of the first Lease Year). The Annual Base Rent payable for the first Lease Year of this Lease shall be $308,491.00, payable in monthly installments of $51,415.17 in each of the last six months of the first Lease Year. The Annual Base Rent payable for the second Lease Year of this Lease shall be $629,321.64, payable in monthly installments of $52,443.47. Commencing the third Lease Year and for each succeeding Lease Year thereafter, including, if applicable, the period in which Base Rent is payable for the Initial Premises pursuant to Section 27.12 hereof, the Base Rent payable for each succeeding Lease Year shall be the amount of Base Rent payable for the immediately preceding Lease Year multiplied by the "CPI Increase". The "CPI Increase" is the percentage increase during the preceding Lease Year in the "All Items" figures in the "Consumer Price Index - US Average" (1992-1994 = 100) of the Bureau of Labor Statistics of the United States Department of Commerce for the local most specifically encompassing the Premises; provided, however, in no year shall the CPI Increase exceed two percent (2%) of the Base Rent for the preceding Lease Year. If the Consumer Price Index published by the United States Department of Commerce is discontinued, and the parties hereto shall agree in good faith on a reasonable substitute. Tenant shall also pay all Operating Expenses (defined below) and any other amounts owed by Tenant hereunder (collectively, "Additional Rent"). In the event any monthly installment of Base Rent or Additional Rent, or both, is not paid within 5 days of the date when due, a late charge in an amount equal to 5% of the then delinquent installment of Base Rent and/or Additional Rent (the "Late Charge"; the Late Charge, Default Interest, as defined in Section 22.3 below, Base Rent and Additional Rent shall collectively be referred to as "Rent"), shall be paid by Tenant to Landlord, c/o First Industrial, L.P., 75 Remittance Drive, Suxxx 0000, Xxxxxxx, XX 00000-0000, xx xx xxxx xx xxernight courier, First Industrial, LP, 350 North Orleans Streex, Xxxxxxx & Xxxxxxxx, Xuite 1756, Cxxxxxx, XX 00000-0000, (xx xxxx xxxxx xntity designated as Landlord's management agent, if any, and if Landlord so appoints such a management agent, the "Agent"), or pursuant to such other dire...
Types of Rental Payments. Tenant shall pay rents of (a) net base rent payable in monthly installments as set forth in EXHIBIT "B" attached hereto, in advance, on the first day of each and every calendar month during the term of this Lease (the "Base Rent") and (b) the Additional Rent (as hereinafter defined) in accordance with Article 3 below, to [LANDLORD, C/O FIRST INDUSTRIAL MANAGEMENT CORPORATION, X.X. XXX 00000, XXXXXXX, XXXXXXXX 00000-0000] (or such other entity designated as Landlord's management agent, hereinafter referred to as "Agent"), or pursuant to such other directions as Landlord shall designate. Notwithstanding anything to the contrary herein, Tenant shall pay the October 1995 Base Rent by 5:00 p.m. on October 13, 1995.
