Examples of Base Annual Rent in a sentence
The Landlord shall use its best efforts to notify the Tenant of the adjusted Base Annual Rent, Supplemental Rent and the adjusted monthly installments in writing, by the applicable anniversary date, if such rental adjustment occurs; but Landlord's failure to notify Tenant of any such adjustment before such anniversary date shall not excuse Tenant from its obligation to pay such adjustments when Landlord thereafter gives such notice to Tenant.
At the option and for the convenience of Tenant, Base Annual Rent and Supplemental Rent due in advance for each Lease Year during the term hereof may be paid by Tenant to Landlord in twelve (12) equal consecutive monthly installments, (each of which is equal to one-twelfth of the Base Annual Rent and Supplemental Rent), which amount shall be payable in advance on the first day of each month of the Lease term.
The Tenant agrees to pay the adjusted Based Annual Rent and Supplemental Rent in advanced, on the first day of the applicable Lease Year, together with all applicable sales and use taxes, or may elect to pay such adjusted Base Annual Rent and Supplemental Rent in adjusted Base Annual Rent and Supplemental Rent in adjusted monthly installments for each such twelve- month period.
If Landlord grants its consent to an assignment or subletting, Base Annual Rent under this Lease shall thereafter be the greater of (a) the Base Annual Rent payable as per terms and conditions of this Lease, or (b) the rent payable by the assignee or subtenant (including any consideration paid by assignee or subtenant to Tenant for the sublease).
The amount of the Base Annual Rent, Supplemental Rent and monthly installments described in Article 1 and in the Supplemental Rent Agreement attached hereto as Exhibit "C", shall be subject to escalation and adjustment as hereinafter provided in Article 6 of this Lease.