Fixed Annual Rent definition
Fixed Annual Rent means and Tenant shall pay base rental ("Fixed Annual Rent") for the Term (as defined herein) as follows:
Fixed Annual Rent. Defined in Section 5.1.
Fixed Annual Rent shall have the meaning set forth on Schedule “B” annexed hereto and by this reference made a part hereof.
Examples of Fixed Annual Rent in a sentence
Landlord may apply payments made by Tenant towards the payment of any item of Fixed Annual Rent and/or Additional Rent payable hereunder notwithstanding any designation by Tenant as to the items against which any such payment should be credited.
The term “Rent” as used in this Lease shall mean Fixed Annual Rent and Additional Rent.
Tenant shall pay all Fixed Annual Rent and Additional Rent due hereunder at the office of Landlord or such other place as Landlord may designate, payable in United States legal tender, by cash, or by good and sufficient check drawn on a New York City bank which is a member of the New York Clearing House or a successor thereto, and without any set off or deduction whatsoever.
Any charges becoming due under this paragraph of this Lease shall be deemed to be additional rent due hereunder and shall become due with the next ensuing monthly payment of Fixed Annual Rent.
Lessee further agrees that if at any time during the term of this Lease, it is dispossessed by process of law or otherwise, or if Lessee fails to so conduct its business therein, then all Fixed Annual Rent and additional rent reserved in this Lease shall, at the option of Lessor, immediately become due and payable.
More Definitions of Fixed Annual Rent
Fixed Annual Rent. Fixed Rent" or "fixed annual rent" shall mean One Million Two-Hundred Thousand Dollars ($1,200,000.00) per annum for the period from the first anniversary of the Commencement Date through the second anniversary of the Commencement Date. Provided Tenant is not otherwise in default of the terms and conditions of this Lease, beyond applicable notice and grace periods, Fixed Annual Rent shall be abated for the period from the Commencement Date through the first anniversary of the Commencement Date (all additional rent (as hereinafter defined) shall remain due and payable). Thereafter, Fixed Annual Rent shall be adjusted on each anniversary of the Commencement Date beginning on the second anniversary of the Commencement Date through the tenth anniversary of the Commencement Date by multiplying the immediately preceding year's Fixed Annual Rent by a fraction, the numerator of which shall be the Consumer Price Index (as defined herein) in effect on the anniversary of the Commencement Date for the year in which Fixed Annual Rent is being adjusted and the denominator of which shall be the Consumer Price Index in effect on the immediately preceding anniversary of the Commencement Date, which escalation shall not exceed three (3) percent per annum. The increases in the Fixed Annual Rent set forth herein shall always be calculated upon, and added to, the prior year's Fixed Annual Rent.
Fixed Annual Rent occur in the Original Lease, they shall be deemed to refer respectively to Sublandlord, Subtenant, this Sublease, the Sublease Premises, the Commencement Date, the Sublease Term and Minimum Rent. Throughout the Sublease Term, Subtenant will observe and perform all of the provisions of the Over▇▇▇▇▇ ▇▇ the extent applicable to the Sublease Premises (except for the payment of Annual Fixed Rent and other matters expressly excluded hereunder) on the part of Sublandlord to be performed as tenant thereunder and will not do, or permit to be done in or about the Sublease Premises, any act, manner or thing which will be, result in, or constitute a violation or breach of or a default under the Over▇▇▇▇▇ (▇▇t only with respect to matters arising during the Sublease Term or while Subtenant is in occupancy of the Sublease Premises); any such violation, breach or default to constitute a breach by Subtenant of a substantial obligation under this Sublease. Subtenant hereby assumes the full, faithful and complete performance of the Over▇▇▇▇▇ ▇▇ the extent applicable to the Sublease Premises (but only with respect to matters arising during the Sublease Term or while Subtenant is in occupancy of the Sublease Premises) and, to the extent aforesaid, agrees that its occupancy shall be subject to, and that it will observe and perform, each and every term, covenant, provision, condition, agreement and obligation imposed upon Sublandlord in its capacity as tenant under the Over▇▇▇▇▇ ▇▇▇h respect to the Sublease Premises (but only with respect to matters arising during the Sublease Term or while Subtenant is in occupancy of the Sublease Premises), with the sole exception of provisions to the contrary herein contained. Subtenant hereby indemnifies and agrees to hold Sublandlord harmless from and against all claims, penalties, costs, losses and expenses, including, but not limited to, reasonable attorneys' fees, relocation expenses, rent differential expenses and obligations incurred by Sublandlord or owing to any other subtenant, assignee, or Overlandlord based upon any default by Subtenant or any sublessee or assignee of Subtenant in the performance of those terms, covenants and conditions of the Over▇▇▇▇▇ ▇▇▇ch have been assumed by Subtenant (other than a payment default under the Over▇▇▇▇▇) ▇▇cept to the extent due to the wrongful acts or negligence of Sublandlord or of other sublessees or assignee of Sublandlord (other than Subtenant). Sublandlord hereby indemnifies and agrees t...
Fixed Annual Rent or “Base Rent”) at the rates provided for in the schedule annexed hereto and made a part hereof as “Exhibit B” in equal monthly installments in advance on the first (1st) day of each calendar month during the Term, except that the eleventh (11th) monthly installment of Fixed Annual Rent (in the amount of $30,000.00), shall be paid by Tenant upon its execution of this Lease. All sums other than Fixed Annual Rent payable hereunder shall be deemed to be “Additional Rent” and shall be payable on demand, unless other payment dates are hereinafter provided. Tenant shall pay all Fixed Annual Rent and Additional Rent due hereunder at the office of Landlord or such other place as Landlord may designate, payable in United States legal tender, by cash, or by good and sufficient check drawn on a New York City bank which is a member of the New York Clearing House or a successor thereto, and without any set off or deduction whatsoever. The term “Rent” as used in this Lease shall mean Base Rent, Fixed Annual Rent and Additional Rent. Landlord may apply payments made by Tenant towards the payment of any item of Fixed Annual Rent and/or Additional Rent payable hereunder notwithstanding any designation by Tenant as to the items against which any such payment should be credited.
Fixed Annual Rent means the rent which can reasonably be obtained for the dwelling as determined by the Minister;
Fixed Annual Rent applicable to the Office Space set forth in Section 37J(i) of the Lease shall be amended to read, in its entirety, as follows:
Fixed Annual Rent means $4,462,500.00.
Fixed Annual Rent appearing in Exhibit “A” shall be deleted and replaced with the following: