Common use of Types of Rental Payments Clause in Contracts

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: Rental Payments Lease Period Annual Base Rent Monthly Base Rent 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 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: Rental Payments Lease Period Annual Base Rent Monthly Base Rent Year 1 $ 647,965 1,611,347 $ 53,997 134,278.92 Year 2 $ 647,965 1,611,347 $ 53,997 134,278.92 Year 3 $ 687,426 1,709,478 $ 57,286 142,456.50 Year 4 $ 687,426 1,709,478 $ 57,286 142,456.50 Year 5 $ 729,291 1,813,585 $ 60,774 151,132.08 Year 6 $ 729,291 1,813,585 $ 60,774 151,132.08 Year 7 $ 773,704 1,924,032 $ 64,475 160,336.00 Year 8 $ 773,704 1,924,032 $ 64,475 160,336.00 Year 9 $ 820,823 2,041,206 $ 68,402 170,100.50 Year 10 $ 820,823 2,041,206 $ 68,402 170,100.50 Year 11 $ 870,811 2,165,515 $ 72,568 180,459.58 Rental Payments Lease Period Annual Base Rent Monthly Base Rent Year 12 $ 870,811 2,165,515 $ 72,568 180,459.58 Year 13 $ 923,844 2,297,395 $ 76,987 191,449.58 Year 14 $ 923,844 2,297,395 $ 76,987 191,449.58 Year 15 $ 980,106 2,437,307 $ 81,676 203,108.92 Year 16 $ 980,106 2,437,307 $ 81,676 203,108.92 Year 17 $ 1,039,794 2,585,739 $ 86,650 215,478.25 Year 18 $ 1,039,794 2,585,739 $ 86,650 215,478.25 Year 19 $ 1,103,118 2,743,210 $ 91,927 228,600.83 Year 20 $ 1,103,118 2,743,210 $ 91,927 228,600.83 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.PL.P., X.X. Xxx 000000, XxxxxxxxxXxxxxxxx, Xxxxx Xxxxxxxx XX 00000-0000, or if sent by overnight courier, First Industrial, L.P.L.P. 100363, XX Xxxxxx XxxxxJPM Chase, 000 Xxxxxx Xxxx0000 Xxxxx Xxxxxx, Xxxxx 000, XxxxxxxxxXxxxxxxx 0, Xxxxx Xxxxxxxx 00000Xxx Xxxxxxx, Attn: FILP Lockbox 905654 XX 00000 (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 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: Rental Payments Lease Period Annual Base Rent Monthly Base Rent Year 1 $ 647,965 1,310,038 $ 53,997 109,169.83 Year 2 $ 647,965 1,310,038 $ 53,997 109,169.83 Year 3 $ 687,426 1,389,819 $ 57,286 115,818.25 Year 4 $ 687,426 1,389,819 $ 57,286 115,818.25 Year 5 $ 729,291 1,474,459 $ 60,774 122,871.58 Year 6 $ 729,291 1,474,459 $ 60,774 122,871.58 Year 7 $ 773,704 1,564,254 $ 64,475 130,354.50 Year 8 $ 773,704 1,564,254 $ 64,475 130,354.50 Year 9 $ 820,823 1,659,517 $ 68,402 138,293.08 Year 10 $ 820,823 1,659,517 $ 68,402 138,293.08 Year 11 $ 870,811 1,760,582 $ 72,568 146,715.17 Rental Payments Lease Period Annual Base Rent Monthly Base Rent Year 12 $ 870,811 1,760,582 $ 72,568 146,715.17 Year 13 $ 923,844 1,867,801 $ 76,987 155,650.08 Year 14 $ 923,844 1,867,801 $ 76,987 155,650.08 Year 15 $ 980,106 1,981,550 $ 81,676 165,129.17 Year 16 $ 980,106 1,981,550 $ 81,676 165,129.17 Year 17 $ 1,039,794 2,102,227 $ 86,650 175,185.58 Year 18 $ 1,039,794 2,102,227 $ 86,650 175,185.58 Year 19 $ 1,103,118 2,230,252 $ 91,927 185,854.33 Year 20 $ 1,103,118 2,230,252 $ 91,927 185,854.33 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.PIndustrial Pennsylvania LP, X.X. Xxx 00000000000, XxxxxxxxxXxxxxx, Xxxxx Xxxxxxxx XX 00000-0000, or if sent by overnight courier, First Industrial, L.P., XX Xxxxxx XxxxxNational Processing Ctr, 3rd Floor, 000 Xxxxxx XxxxXxxxxx Boulevard, Xxxxx 000Secaucus, Xxxxxxxxx, Xxxxx Xxxxxxxx 00000NJ 07094, Attn: FILP Lockbox 905654 LBX 33098 (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 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: Rental Payments Lease Period Annual Base Rent Monthly Base Rent Year 1 $ 647,965 975,974 $ 53,997 81,331.16 Year 2 $ 647,965 975,974 $ 53,997 81,331.16 Year 3 $ 687,426 1,035,411 $ 57,286 86,284.25 Year 4 $ 687,426 1,035,411 $ 57,286 86,284.25 Year 5 $ 729,291 1,098,467 $ 60,774 91,538.92 Year 6 $ 729,291 1,098,467 $ 60,774 91,538.92 Year 7 $ 773,704 1,165,364 $ 64,475 97,113.67 Year 8 $ 773,704 1,165,364 $ 64,475 97,113.67 Year 9 $ 820,823 1,236,335 $ 68,402 103,027.92 Year 10 $ 820,823 1,236,335 $ 68,402 103,027.92 Year 11 $ 870,811 1,311,627 $ 72,568 109,302.25 Rental Payments Lease Period Annual Base Rent Monthly Base Rent Year 12 $ 870,811 1,311,627 $ 72,568 109,302.25 Year 13 $ 923,844 1,391,505 $ 76,987 115,958.75 Year 14 $ 923,844 1,391,505 $ 76,987 115,958.75 Year 15 $ 980,106 1,476,248 $ 81,676 123,020.67 Year 16 $ 980,106 1,476,248 $ 81,676 123,020.67 Year 17 $ 1,039,794 1,566,152 $ 86,650 130,512.67 Year 18 $ 1,039,794 1,566,152 $ 86,650 130,512.67 Year 19 $ 1,103,118 1,661,530 $ 91,927 138,460.83 Year 20 $ 1,103,118 1,661,530 $ 91,927 138,460.83 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.PL.P., X.X. Xxx 000000P.O. Box 100363, XxxxxxxxxPasadena, Xxxxx Xxxxxxxx 00000CA 91189-00000363, or if sent by overnight courier, First Industrial, L.P.L.P. 100363, JPM Chase, 2710 Media Center, Suite 000, Xxxxxxxx 0, Xxx Xxxxxxx, XX Xxxxxx Xxxxx, 000 Xxxxxx Xxxx, Xxxxx 000, Xxxxxxxxx, Xxxxx Xxxxxxxx 00000, Attn: FILP Lockbox 905654 00000 (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 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, together with all sales tax payable with respect thereto: Rental Payments Lease Period Annual Base Rent Monthly Base Rent Year 1 $ 647,965 394,916.00 $ 53,997 32,909.67 Year 2 $ 647,965 394,916.00 $ 53,997 32,909.67 Year 3 $ 687,426 418,966.00 $ 57,286 34,913.83 Year 4 $ 687,426 418,966.00 $ 57,286 34,913.83 Year 5 $ 729,291 444,481.00 $ 60,774 37,040.08 Year 6 $ 729,291 444,481.00 $ 60,774 37,040.08 Year 7 $ 773,704 471,550.00 $ 64,475 39,295.83 Year 8 $ 773,704 471,550.00 $ 64,475 39,295.83 Year 9 $ 820,823 500,267.00 $ 68,402 41,688.92 Year 10 $ 820,823 500,267.00 $ 68,402 41,688.92 Year 11 $ 870,811 530,733.00 $ 72,568 44,227.75 Year 12 $ 870,811 530,733.00 $ 72,568 44,227.75 Year 13 $ 923,844 563,055.00 $ 76,987 46,921.25 Year 14 $ 923,844 563,055.00 $ 76,987 46,921.25 Year 15 $ 980,106 597,345.00 $ 81,676 49,778.75 Year 16 $ 980,106 597,345.00 $ 81,676 49,778.75 Year 17 $ 1,039,794 633,723.00 $ 86,650 52,810.25 Year 18 $ 1,039,794 633,723.00 $ 86,650 52,810.25 Year 19 $ 1,103,118 672,317.00 $ 91,927 56,026.42 Year 20 $ 1,103,118 672,317.00 $ 91,927 56,026.42 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 IndustrialIndustrial Financing Partnership, L.PL.P., X.X. Xxx 00000000 Xxxxxxxxxx Xxxxx Xxxxx 0000, XxxxxxxxxXxxxxxx, Xxxxx Xxxxxxxx XX 00000-0000, or if sent by overnight courier, First IndustrialThe Northern Trust Co., L.P.000 X Xxxxxxx Xxxxxx, 0xx Xxxxx Receipt & Dispatch, Xxxxxxx, XX Xxxxxx Xxxxx, 000 Xxxxxx Xxxx, Xxxxx 000, Xxxxxxxxx, Xxxxx Xxxxxxxx 00000, Attn: FILP Lockbox 905654 FIFP Ste 1543 (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.