Common use of Types of Rental Payments Clause in Contracts

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.

Appears in 1 contract

Samples: Lease Agreement

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Types of Rental Payments. Commencing on the Rent Commencement Date, Tenant shall pay rents of (a) net base rent payable to Landlord in monthly installments as set forth in Section 1.10 hereofinstallments, 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 shall also pay Tenant’s Proportionate Share (bas set forth in Section 1.12) of Operating Expenses (as hereinafter defined) and any other amounts owed by Tenant hereunder ([collectively, “Additional Rent”); (c) in ]. In the event any monthly installment of Base Rent or Additional Rent, or both, is not paid within ten (10) 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 Default Interest (as defined in Section 22.3 below), Base Rent, the Rent and Additional Rent and the Sales Tax shall collectively be referred to as “Rent”), ] shall be paid by Tenant to Landlord, (c/o or if sent by overnight courier to Attention 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.

Appears in 1 contract

Samples: Industrial Building Lease (Liquidity Services Inc)

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 hereofExhibit "B" attached hereto (the "Net Base Rent"), in advance, on the first day of each and every calendar month during the Term term of this Lease Lease; (b) all costs, expenses and charges of every nature relating to, or incurred in connection with, the “Base ownership and operation of the Premises and that are attributable to, or become due, during the Term ("Additional Rent"); and (b) any other amounts owed by Tenant hereunder (collectively, “Additional Rent”); (c) in the event that any monthly installment of Net 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 then-delinquent installment of Net Base Rent and/or Additional Rent (the "Late Charge"; and (d) applicable sales tax (the “Sales Tax”), (the Late Charge, the Net Base Rent, the Additional Rent and the Sales Tax Late Charge shall collectively be referred to as "Rent"). All Rent shall be paid to First Industrial, to LandlordL.P., P.O. Xxx 00000, Xxxxxxx, Xxxxxxxx 00000- 0021 (or to such other entity designated in writing as Landlord’s '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.otherwise. (SEE SPECIAL STIPULATION 1)

Appears in 1 contract

Samples: Industrial Building Lease (Nantucket Industries Inc)

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Types of Rental Payments. Commencing on the Rent Commencement Date, Tenant shall pay rents of (a) net base rent payable in monthly installments Monthly Base Rent as set forth in Section 1.10 1.11 hereof, in advance, commencing on the Commencement Date (prorated for a partial month, if applicable) and on the first day of each and every calendar month thereafter during the Term of this Lease (the “Base Rent”); and (b) Tenant’s 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 ten (10) 15 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 Rent and Additional Rent and the Sales Tax shall collectively be referred to as “Rent”), to Landlord, at the notice address set forth in Section 24.2 (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.

Appears in 1 contract

Samples: Industrial Building Lease (Magnetek, Inc.)

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