FIXED BASIC RENT means the rent to be paid during the Term in amounts as follows: MONTHLY INSTALLMENTS: Months 1 - 30: $25,116.67 per Month ($11.00 PSF) Months 31 - 60: $26,686.46 per Month ($11.68 PSF)
FIXED BASIC RENT means, for any Payment Date and with respect to any Aircraft, the amount set forth opposite such Payment Date under the heading "Fixed Basic Rent" on Schedule 2 to the Lease Supplement of such Aircraft.
FIXED BASIC RENT means the following: Months Annual Rate Monthly Installments Annual Per Sq. Ft. Rate 1-12 $526,770.00 $43,897.50 $22.50 13-24 $538,476.00 $44,873.00 $23.00 25-36 $550,182.00 $45,848.50 $23.50 37-48 $561,888.00 $46,824.00 $24.00 49-60 $573,594.00 $47,799.50 $24.50 61-72 $585,300.00 $48,775.00 $25.00 73-89 $597,006.00 $49,750.50 $25.50 If the Commencement Date is other than the first day of a calendar month, then the Monthly Installment of Fixed Basic Rent payable by Tenant for such month shall be prorated at the same rental rate payable for the first (1st) Monthly Installment listed above, and “Month 1” of the rent grid set forth above shall be deemed to be the first full calendar month following immediately thereafter. Notwithstanding the foregoing, provided that this Lease is in full force and effect and Tenant has complied with each of its obligations hereunder, Tenant shall have no obligation to pay the Monthly Installments of Fixed Basic Rent for the first (1st), second (2nd ), third (3rd), fourth (4th), and fifth (5th) full calendar months of the Term.
Examples of FIXED BASIC RENT in a sentence
TENANT FURTHER SPECIFICALLY AGREES THAT IN THE EVENT OF DEFAULT, LANDLORD MAY PURSUE MULTIPLE REMEDIES INCLUDING, BUT NOT LIMITED TO, OBTAINING POSSESSION OF THE PREMISES AND RECOVERY OF FIXED BASIC RENT, ADDITIONAL RENT OR DAMAGES, OR ANY OTHER SUM PAYABLE UNDER THIS LEASE WHICH SHALL REMAIN UNPAID WHEN THE SAME IS DUE BEYOND ANY APPLICABLE GRACE PERIOD (IF ANY), PURSUANT TO A JUDGMENT BY CONFESSION.
The Lessee shall pay to the Lessor during the Term commencing on the Commencement Date, the Term Fixed Basic Rent as defined on the Reference Page (hereinafter called the "TERM FIXED BASIC RENT"), payable in such coin or currency of the United States of America as at the time of payment shall be legal tender for the payment of public and private debts.
More Definitions of FIXED BASIC RENT
FIXED BASIC RENT means the following: Term Annual Rate Monthly Installments Annual Per Sq. Ft. Rent Commencement Date through and including the last day of the month during which the day prior to the five (5) year and two (2) month anniversary of the Commencement Date occurs $79,409.28 $6,617.44 $21.75 Notwithstanding the foregoing, provided that this Lease is in full force and effect and Tenant has complied with each of its obligations hereunder, Tenant shall have no obligation to pay the Monthly Installments of Fixed Basic Rent for the second (2nd) and third (3rd) full calendar months of the Term. If the Commencement Date is other than the first day of a calendar month, then the Monthly Installment of Fixed Basic Rent payable by Tenant for such month shall be prorated at the same rental rate payable for the first (1st) Monthly Installment listed above, and “Month 1” of the rent grid set forth above shall be deemed to be the first full calendar month following immediately thereafter.
FIXED BASIC RENT means the net minimum rental payable by Lessee under this Lease, as follows, subject, however, to Lessor's Architectural Certification: Year Yearly Rate Monthly Installments Per Square Foot Per Annum 1 $4,971,470.00 $414,289.17 $24.49 2 $5,058,760.00 $421,563.33 $24.92 3 $5,148,080.00 $429,006.67 $25.36 4 $5,237,400.00 $436,450.00 $25.80 5 $5,328,750.00 $444,062.50 $26.25 6 $5,422,130.00 $451,844.17 $26.71 7 $5,517,540.00 $459,795.00 $27.18 8 $5,612,950.00 $467,745.83 $27.65 9 $5,712,420.00 $476,035.00 $28.14 10 $5,811,890.00 $484,324.17 $28.63 11 $5,913,390.00 $492,782.50 $29.13 12 $6,016,920.00 $501,410.00 $29.64 13 $6,122,480.00 $510,206.67 $30.16 14 $6,230,070.00 $519,172.50 $30.69 15 $6,339,690.00 $528,307.50 $31.23 For the last three (3) months $6,451,340.00 $537,611.67 $31.78 *As per Preamble Paragraph 13, below, Fixed Basic Rent does not commence until the Rent Commencement Date which is fifteen (15) months after the Commencement Date. Additional Rent shall commence nine (9) months after the Commencement Date, as per Paragraph 23 of this Lease. As used in the above schedule, "Year" shall mean a twelve month period commencing, as applicable, on the Rent Commencement Date or each anniversary of the Rent Commencement Date. In addition, if the Rent Commencement Date does not occur on the first (1st day of a calendar month, the first Year of this Lease shall be the period from the Rent Commencement Date through the last day of the twelfth (12th) month following the Rent Commencement Date.
FIXED BASIC RENT. $22 per square foot per year, payable in monthly installments of $7,571,67. All exclusive of ERIF and subject to further adjustment as provided in Section 24.
FIXED BASIC RENT means the amounts set forth below, for the Term payable, commencing on the Commencement Date (July 1, 2001), as follows:
FIXED BASIC RENT means except for the Fixed Basic Rent during the Renewal Option periods set forth on Rider A: Twelve Million Six Hundred Sixty Nine Thousand and 00/100 Dollars ($12,669,000.00), net of electric, calculated and payable as follows: Years 1 - 5 Years 6 - 12 ----------- ------------ Per Rentable Square Foot $13.50 $14.50 Yearly Rate: $1,107,000.00 $1,189,000.00 Monthly Installment: $92,250.00 $99,083.33
FIXED BASIC RENT means: THREE HUNDRED TEN THOUSAND FIVE HUNDRED AND 00/100 DOLLARS ($310,500.00) for the Term payable as follows: Years Yearly Rate Monthly Installment Years Yearly Rate Monthly Installment 1-5 $62,100.00 $5,175.00
FIXED BASIC RENT means the following: Months Annual Rate Monthly Installments Annual Per Sq. Ft. Rate 1-12 $ 199,342.00 $ 16,611.83 $ 20.50 13-24 $ 204,204.00 $ 17,017.00 $ 21.00 25-36 $ 209,066.00 $ 17,422.17 $ 21.50 37-48 $ 213,928.00 $ 17,827.33 $ 22.00 49-60 $ 218,790.00 $ 18,232.50 $ 22.50 61-72 $ 223,652.00 $ 18,637.67 $ 23.00 73-88 $ 228,514.00 $ 19,042.83 $ 23.50 Notwithstanding the foregoing, provided that this Lease is in full force and effect and Tenant has complied with each of its obligations hereunder, Tenant shall have no obligation to pay the Monthly Installments of Fixed Basic Rent for the second (2nd), thirteenth (13th), twenty-fifth (25th), and thirty-seventh (37th) full calendar months of the Term.