ANNUAL MINIMUM RENT definition

ANNUAL MINIMUM RENT shall have the meaning set forth in Subsection 4.2.1.

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ANNUAL MINIMUM RENT specified in Schedule 1, which rental is based upon the total square feet of rentable area contained in the Demised Premises. Subject to Additional Provisions A and B of Schedule I of this Lease, all monthly installments shall be due and payable on the first day of each calendar month without any abatement, deduction or set off whatsoever during the term of this Lease, except that the first monthly installment shall be due and payable upon commencement of the term of the Lease; however, if the Commencement Date falls on a day other than the first day of a calendar month, the minimum rent for the period from the Commencement Date through the last day of such month shall be calculated by dividing the Annual Minimum Rent for the first lease year by 365 and multiplying the quotient by the number of days from the Commencement Date to the last day of such month.

ANNUAL MINIMUM RENT shall have the meaning ascribed to it in Section 6 of this LEASE.

Examples of ANNUAL MINIMUM RENT in a sentence

• In the event of any DEFAULT, the ANNUAL MINIMUM RENT and all additional RENT reserved herein for the entire unexpired portion of the TERM shall, at LANDLORD'S option, thereupon immediately become due and payable.

• In the event that LANDLORD elects to reduce the amount of ANNUAL MINIMUM RENT, LANDLORD shall notify TENANT of the amount of the reduced ANNUAL MINIMUM RENT in writing.

• TENANT hereby covenants and agrees to pay the ANNUAL MINIMUM RENT hereby reserved as and when due and all other sums of money, charges or other amounts required to be paid by TENANT to LANDLORD or to another person under this LEASE without setoff or deduction, all of which shall be deemed to be "additional rent".

• Nonpayment for a period of ten (10) days after the due date thereof of additional RENT shall, at LANDLORD'S option, constitute a DEFAULT under this LEASE to the same extent, and shall entitle the LANDLORD to the same remedies, as a similar non-payment of ANNUAL MINIMUM RENT.

• In the event that the TERM expires on a date other than the last day of a calendar month, TENANT shall pay to LANDLORD, on or before the first day of the calendar month in which the TERM expires, a pro rata portion of the monthly installment of ANNUAL MINIMUM RENT to be based on the number of days of such month within the TERM.

• In the event the TERM commences on a day other than the first day of a calendar month, TENANT shall pay to LANDLORD on or before the COMMENCEMENT DATE, a pro rata portion of the monthly installment of ANNUAL MINIMUM RENT to be based on the number of days remaining in such partial month from and after the COMMENCEMENT DATE.

• The ANNUAL MINIMUM RENT and all additional rent are hereinafter collectively referred to as the "RENT".

• The reduced ANNUAL MINIMUM RENT shall begin on the first day of the next calendar month.

• TENANT shall pay as additional rent on demand interest on all sums payable by TENANT to LANDLORD hereunder, including without limitation, ANNUAL MINIMUM RENT and additional rent, at the DEFAULT RATE, commencing upon the date such payment was due (regardless of any other remedies exercised by LANDLORD or any cure period provided for in Section 24 hereof).

More Definitions of ANNUAL MINIMUM RENT

ANNUAL MINIMUM RENT. From: Date of Occupancy to end of 1st year: Forty Thousand Eight Hundred ($40,800.00) Dollars in monthly installments of Three Thousand Four Hundred ($3,400.00) and no/100 Dollars without offset or demand. Beginning third year after the Date of Occupancy to the end of the Term: See Section 3.03 of the Lease.

ANNUAL MINIMUM RENT means the net base rental to be paid by Tenant to Landlord, defined as such and set forth in Article 4. Annual Percentage Minimum Rent will have the meaning ascribed thereto in Section 4.2 below. Application(s) and Filings (or Application(s) or Filings or other variations on such term) shall mean any instrument, document, agreement, certificate, application, or filing (or amendment of any of the foregoing): (a) necessary or appropriate for any alteration, addition, development, redevelopment, modification, expansion, demolition, restoration, or other construction or reconstruction work affecting any or all improvements from time to time constituting part of the Premises and/or the Improvements, or the construction or reconstruction of any new improvements, or repair of any existing improvements, located on or at the Premises, that this Ground Lease or the DHCA requires or allows (collectively, “Construction Work”), including any application for any building permit, certificate of occupancy, utility service or hookup, easement, covenant, condition, restriction, subdivision plat, or such other instrument as Tenant may from time to time request in connection with the same; (b) to enable Tenant to obtain any abatement, deferral or other benefit that may otherwise be reasonably available with respect to the Impositions; (c) if and to the extent (if any) this Ground Lease or the DHCA permits, to allow Tenant to change the use or zoning of the Premises and/or the Improvements; (d) to enable Tenant from time to time to seek any approvals from any governmental authority required in connection with any of the matters described in the preceding clause (a) or to use and operate the Premises and/or the Improvements in accordance with this Ground Lease or the DHCA; (e) otherwise reasonably necessary and appropriate to permit Tenant to realize the benefits of the Premises and/or the Improvements contemplated by this Ground Lease or the DHCA; or (f) that this Ground Lease otherwise requires Landlord to sign for Tenant.

ANNUAL MINIMUM RENT and “Percentage Rent” shall mean and refer to the square foot and percentage rentals referenced in the Existing Lease);

ANNUAL MINIMUM RENT. $48,128.00 per year for the first Lease Year (as defined below); $48,128.00 per year for the second Lease Year; $48,128.00 per year for the third Lease Year; $51,136.00 per year for the fourth Lease Year; and $51,136.00 per year for the fifth Lease Year.

ANNUAL MINIMUM RENT. See Minimum Rent Rider incorporated herein and made a part hereof.