Examples of Annual Rent in a sentence
The receipt or acceptance of the Annual Rent by the Division, with or without knowledge of any breach of the Lease by Xxxxxx, or of any default on the part of Lessee in the observance or performance of any of the terms, conditions or covenants of this Lease, shall not be deemed to be a waiver of any of the Division's rights concerning any other defaults unless the contrary effect is expressed in writing and signed by the Division.
If Tenant remains in possession of the Premises and/or the License Area after the Expiration Date or termination of this Agreement, as described herein, then such holding over shall be construed as a tenancy from month-to-month, subject to all of the terms, conditions, provisions and obligations of this Agreement at the time of such expiration or termination, except the Annual Rent shall be one and one-half (1 ½) times the amount of such rent in effect prior to the expiration or termination.
The Annual Rent shall be adjusted pro rata on an acreage basis to reflect the decrease in acreage leased pursuant to this Lease.
As used in this Agreement, the term “Additional Rent” shall mean all sums of money, other than Monthly Rent, that are due and payable by Tenant under this Agreement including, but not limited to, the Additional Charges referred to in Section 5.01 The term “Rent,” as used herein, shall mean all Annual Rent, Monthly Rent, Additional Rent and all other amounts payable hereunder from Tenant to Landlord.