Fixed Minimum Rent means the annual rent specified in the preamble to this Lease, as increased in accordance with Article B-1.
Fixed Minimum Rent shall be the Fixed Minimum Rent specified above, payable monthly in advance on the first day of each month, without prior demand therefore and without any deduction or setoff whatsoever. In addition, Tenant covenants and agrees to pay Landlord all applicable sales or other taxes as set forth in Section II.5, which may be imposed on the above specified rents or payments hereinafter provided for to be received by Landlord when each such payment is made.
Fixed Minimum Rent means Annual Fixed Minimum Rent and/or Monthly Fixed Minimum Rent (as the case may be).
Examples of Fixed Minimum Rent in a sentence
Fixed Minimum Rent §4.1 During the first year of the Term, the Fixed Minimum Rent shall be in the annual amount of __ _ _ _ _ __ Dollars ($ ), and payable in monthly installments of ___ _ _ _ _ __ Dollars with the second (2nd) year of the Term, the Fixed Minimum Rent shall be adjusted annually by three percent (3%) above the Fixed Minimum Rent from the prior year for each subsequent year throughout the Term.
Section 15.2. If Tenant, or any person claiming through Tenant, shall continue to occupy the Premises after the expiration or earlier termination of the Term or any renewal thereof, such occupancy shall be deemed to be under a month-to-month tenancy under the same terms and conditions set forth in this Lease; except, however, that the Fixed Minimum Rent during such continued occupancy shall be 1.50 times the amount due in the last year of the Term.
Section 4.1. Tenant covenants to pay to Landlord at such place as Landlord shall from time to time direct, the fixed minimum rent ("Fixed Minimum Rent") during the first year of the Term in the annual amount of ______ _ _ _ _ Dollars ($___ __ _), and payable in monthly installments of _ _ _ _ _ __ Dollars ($ _ _ ___).
More Definitions of Fixed Minimum Rent
Fixed Minimum Rent shall have the meaning set forth in Section 4.1, below. Hazardous Substances shall mean any and all substances, chemicals, materials or elements that are prohibited, limited or regulated by the Environmental Laws (defined above), including, but not limited to, common law, or any other substances, chemicals, materials or elements that are defined as "hazardous," "toxic," "pollutants, "contaminants," or otherwise regulated, under the Environmental Laws, or that are known or considered to be harmful to the health or safety of occupants or users of the Premises or adjacent property owners. The term Hazardous Substances shall also include any substance, chemical, material or element (i) defined as a "regulated substance" or "contaminant" under Act 2 (defined above); (ii) defined as a "regulated substance" under the RCRA (defined above), and regulations promulgated thereunder;
Fixed Minimum Rent. During Original Term and Option Term During the Original Term of ten (10) years the Fixed Minimum Rent not including electricity and cleaning shall be as follows: For the Period: To the last day of Rental Per From the first day of the month Square Foot of the month in which occurs: immediately preceding: Rentable Area: -------------------------- ---------------------- -------------- The commencement Date The First Anniversary $ 12.75* (pro-rated to exclude the of the Commencement Date period prior to the Commencement Date) The First Anniversary of The Second Anniversary $ 13.10* the Commencement Date of the Commencement Date The Second Anniversary of The Third Anniversary $13.40* the Commencement Date of the Commencement Date The Third Anniversary of The Fourth Anniversary $13.70* the Commencement Date of the Commencement Date The Fourth Anniversary of The Fifth Anniversary $14.00* the Commencement Date of the Commencement Date The Fifth Anniversary of The Sixth Anniversary $14.30* . the Commencement Date of the Commencement Date The Sixth Anniversary of The Seventh Anniversary $14.60* the Commencement Date of the Commencement Date The Seventh Anniversary of The Eighth Anniversary $14.90* The Commencement Date of the Commencement Date The Eighth Anniversary of The Ninth Anniversary $15.20* The Commencement Date of the Commencement Date The Ninth Anniversary of The Tenth Anniversary $15.50* The Commencement Date of the Commencement Date * Tenant at its sole cost and expense pays for electricity and janitorial. In addition, to be added to the monthly Fixed Minimum Rent Amount is the product of each outdoor Parking Space allotted to Tenant times .350.00.
Fixed Minimum Rent. One Hundred Fifty Three Thousand Nine Hundred Thirty Eight and Zero/100 Dollars ($153,938.00) for the first lease year, payable in equal monthly installments of Twelve Thousand Eight Hundred Twenty Eight and Seventeen/100 Dollars ($12,828.17).
Fixed Minimum Rent. The Fixed Minimum Rent for each Lease Year is summarized as follows: Months Fixed Minimum Rent Per Month Suite 3126 Suite 3122* Months 1-6 $2,500.00** $ 940.00** Months 7-12 $5,000.00 $1,880.00 Months 13-24 $5,150.00 $1,936.40 Months 25-36 $5,304.50 $1,994.49 Months 37-39 $5,463.64 $2,054.33 *In accordance with Section 3.3, all Rent for Suite 3122 will axxxx until such time as Landlord delivers Suite 3122 to Tenant. **Provided that there is no Event of Default by Tenant under the Lease, one half of the Fixed Minimum Rent will be abated during the first six (6) months of the Lease Term. If, at any time during the Lease Term, there is an Event of Default by Tenant under the Lease, the abated Fixed Minimum Rent will become immediately due and payable. Tenant shall pay all Additional Rent during such period and throughout the Lease Term. ADVANCE RENT: $4,000.66 TENANT'S PROPORTIONATE SHARE FOR OPERATING COSTS: 12.95% (7.96% until such time as Landlord delivers Suite 3122 to Tenant) TENANT'S PROPORTIONATE SHARE FOR REAL ESTATE TAXES: 12.95% (7.96% until such time as Landlord delivers Suite 3122 to Tenant) SECURITY DEPOSIT: $15,838.84 TYPE OF GUARANTY: See Exhibit G attached. BROKER: Landlord – CB Rxxxxxx Xxxxx (Axxx Xxxxxx and Sxxxxx Xxxxx) Tenant – Colliers International (Jxxxx Xxxxxx) PERMITTED USE: Research and development, light fabrication and ancillary office functions. PARKING SPACES: See Section 2.3 (Parking). The Basic Lease Information is incorporated into and made a part of this Lease. Each reference in this Lease to any information or definitions contained in the Basic Lease Information means and refers to the information and definitions set forth in the Basic Lease Information. References in this document to the term "Lease" mean the Basic Lease Information, the body of this Lease, and any Exhibits, Addenda, or Riders thereto. The provisions of the body of this Lease will be read to implement the Basic Lease Information.
Fixed Minimum Rent. The Fixed Minimum Rent shall be payable in equal monthly installments in advance beginning on the first day of the calendar month following the month in which the Commencement Date occurs (unless the Commencement Date falls on the first day of the month, in which case the Fixed Minimum Rent shall be payable on such first day) and continue thereafter for the entire term of the Lease. The first month's rent shall include all rent which has accrued from the Commencement Date. The Fixed Minimum Rent shall be as follows: Lease Year Monthly Rent Annual Rent Rent per s/f ---------- ------------ ----------- ------------ 1 $10,416.67 $125,000.00 $ 4.17 2 $20,833.33 $250,000.00 $ 8.34 3 $25,000.00 $300,000.00 $10.01 4-5 $27,125.00 $325,500.00 $10.86 6-8 $28,958.33 $347,500.00 $11.60 9-10 $29,708.33 $356,500.00 $11.90 Lease Year Monthly Rent Annual Rent Rent per s/f -------------------- ------------ ----------- ------------ Extension Term 11-15 $33,125.00 $397,500.00 $13.26 16-20 $36,926.67 $443,120.00 $14.79
Fixed Minimum Rent. The sum due and payable each Year as defined in Section 1.1(j) and calendar month during the Lease Term, subject to adjustment as provided herein, is: (i) for and with respect to the first Year at the annual rate of $177,528.00 (monthly rate of $14,794.00) payable in monthly installments; and (ii) the Fixed Minimum Rent for each Year of the Lease Term (as extended) after the first Year shall be determined as follows: For purposes of this computation, the term "Base Month" shall mean the calendar month which is four (4) months prior to the first full month of the first Year and the term "Comparison Month" shall mean the calendar month which is four (4) months prior to the first full month of the Year for which the Fixed Minimum Rent is being computed. The Fixed Minimum Rent for each Year of the Lease Term after the first Year of the Lease Term shall be equal to the Fixed Minimum Rent on an annual basis for the first Year as set forth in Section 1.1(p)(i) immediately above (disregarding any rental abatement or concessions) plus an amount equal to the product of fifteen (15.0) times the percentage increase in the Consumer Price Index for the Comparison Month as compared to the Consumer Price Index for the Base Month, multiplied by the Fixed Minimum Rent for the first Year as set forth in Section 1.1(p)(i) immediately above (disregarding any rental abatement or concessions). Notwithstanding the foregoing, in no event shall the Fixed Minimum Rent for a Year be less than the Fixed Minimum Rent for the prior Year (disregarding any rental abatement or concessions) and in no event shall the Fixed Minimum Rent for such Year be greater than the following amounts (increased as otherwise provided in this Lease) for the Years shown: YEAR $/SF ANNUAL FIXED MINIMUM RENT MONTHLY RENT ---- ---- -------------------------------------- 1-5 $13.00 $177,528.00 $14,794.00 6-10 $14.30 $195,280.80 $16,273.00 11-15 $15.73 $214,808.88 $17,900.74 Option Periods: 16-20 $17.30 $236,248.80 $19,687.40 21-25 $19.03 $259,873.68 $21,656.14 26-30 $20.94 $285,956.64 $23,829.72
Fixed Minimum Rent. The sum due and payable to the Landlord will be $2,186,467.26 for the initial term of the Lease payable each Year as defined in 1.01(J) and calendar month during the Lease Term, subject to adjustment as provided in Section 3.01, is: ================================================================================ YEAR ANNUAL FIXED MINIMUM RENT MONTHLY RENT -------------------------------------------------------------------------------- 1 $ 54,276.16 $ 4,523.00 -------------------------------------------------------------------------------- 2 $171,484.11 $14,290.34 -------------------------------------------------------------------------------- 3 $188,178.11 $15,681.51 -------------------------------------------------------------------------------- 4 $188,178.11 $15,681.51 -------------------------------------------------------------------------------- ================================================================================ YEAR ANNUAL FIXED MINIMUM RENT MONTHLY RENT -------------------------------------------------------------------------------- 5 $204,872.11 $17,072.68 -------------------------------------------------------------------------------- 6 $204,872.11 $17,072.68 -------------------------------------------------------------------------------- 7 $221,566.1 $18,463.84 -------------------------------------------------------------------------------- 8 $221,566.11 $18,463.84 -------------------------------------------------------------------------------- 9 $238,260.11 $19,855.01 -------------------------------------------------------------------------------- 10 $238,260.11 $19,855.01 -------------------------------------------------------------------------------- 11 $254,954.11 $21,246.18 ================================================================================ The Fixed Minimum Rent above excludes any applicable state or local imposed sales taxes on Rent due hereunder, the cost of which shall be borne by Tenant in accordance with Florida state law.