Base Rent Payment Date definition
Examples of Base Rent Payment Date in a sentence
Lessee shall be required to pay such Additional Rent directly to Lessor on the immediately succeeding Base Rent Payment Date.
Notwithstanding anything to the contrary contained in this Lease, including without limitation, Section 19.1(a) below, Tenant’s failure to pay the Initial Base Rent on or before the Initial Base Rent Payment Date shall constitute a Default of Tenant without need for additional notice and opportunity to cure and interest shall accrue on any late payment of Initial Base Rent at the Default Rate without regard to any grace period provided under Section 25 below.
The Casualty Loss Factor for the first Base Rent Payment Date shall also apply to the Interim Term, and the Casualty Loss Factor for the last Base Rent Payment Date shall also apply to all periods thereafter.
On each Base Rent Payment Date, Lessor shall invoice Lessee for any costs and expenses constituting Additional Rent or Impositions which have been paid by Lessor to third parties.
Thirty days prior to each Base Rent Payment Date, the Trustee shall notify the District as to the exact amounts that will be credited against the Base Rent due on such date.
Stickle (2011)’s finding thus suggests that institutional mortgage credit was rare in Wisconsin and Illinois at the time many of the Western states adopted their foreclosure procedure.
It is expressly agreed that if any Base Rent Payment Date occurs on or after such Event of Loss, the Lessee shall pay to the Lessor on such date the amount equal to the Base Rent which would have become due and payable on such date in accordance with the terms hereof had no Event of Loss so occurred.
Any revised adjustment resulting from such verification shall become effective with respect to the next Base Rent Payment Date after such verification has been concluded, and shall take into account any underpayment or overpayment resulting from an earlier effectiveness of the original adjustment.
Beginning on the Commencement Date and on each Base Rent Payment Date thereafter until the end of the Lease Term, subject to the following sentence, Xxxxxx agrees to pay Base Rent monthly in advance.
Section 16.1 may, at any time after the expiration of the tenth (10th) Lease Year, give Lessor notice of termination of this Lease as to the Leased Property accompanied by an offer to purchase the Leased Property on the first Base Rent Payment Date (the "Economic Termination Purchase Date") occurring not less than one hundred twenty (120) days after the date of such offer, for a purchase price equal to the greater of (a) the Fair Market Value Purchase Price or (b) the Minimum Repurchase Price.