Minimum Monthly Rent definition
Minimum Monthly Rent means the following amounts as to the following periods during the Term of this Lease: Period Monthly Amount ----------------------------------- -------------------- December 15, 1997 to April 30, 2001 $18,444.00 per month
Minimum Monthly Rent. $6,542.00 per month for the first Lease Year, as provided in Article 4. The Minimum Monthly Rent shall be increased on the first day of the second Lease Year and each Lease Year thereafter to reflect changes in the cost of living pursuant to Section 4.3.
Minimum Monthly Rent means Twenty-eight Thousand Five Hundred Twenty-five and 00/100ths Dollars ($28,525.00) per month during the Term of this Lease:
Examples of Minimum Monthly Rent in a sentence
The Minimum Monthly Rent shall be an amount equal to one-twelfth (1/12) of the Minimum Annual Rent for the Extension Term and shall be paid at the same time and in the same manner as provided in the Lease.
The amount so derived shall be paid with Tenant’s payment of Minimum Monthly Rent.
Tenant shall pay the Minimum Monthly Rent on or before the first day of each calendar month, in advance, at the office of Landlord or at such other place designated by Landlord, without deduction, offset or prior demand.
If the Commencement Date is other than the first day of a month, Tenant shall pay on the Commencement Date a prorated partial Minimum Monthly Rent for the period prior to the first day of the next calendar month, and thereafter Minimum Monthly Rent payments shall be made not later than the first day of each calendar month.
If this Lease continues in effect, the Minimum Monthly Rent shall be equitably adjusted, based upon the value of the Premises remaining after the Condemnation compared to the value of the Premises prior to Condemnation.
More Definitions of Minimum Monthly Rent
Minimum Monthly Rent. Months Minimum Monthly Rent
Minimum Monthly Rent is payable in advance on the first day of each month of the Term at the Rent Payment Address or such other address specified by Landlord. If the Term commences on other than the first day of the month, the Rent for the first partial month shall be prorated accordingly. All Rent is payable in lawful money of the United States.
Minimum Monthly Rent. Minimum Monthly Rent shall be as follows: Months Minimum Monthly Rent ------ -------------------- 01-03 Rent Abated 04-06 $17,493 07-24 $23,324 25-36 $24,338 37-54 $25,352 55-60 $26,367
Minimum Monthly Rent means the base monthly rent payable in accordance with Section 4.2 below.
Minimum Monthly Rent. The Minimum Monthly Rent shall be as follows: 1 – 12 $25,402.45 subject to abatement for the Rent Abatement Period as provided below 13 – 24 $26,164.52 25 – 36 $26,949.46 37 $27,757.94 The foregoing schedule starts as of the Commencement Date of the Term of the Lease. Landlord hereby agrees to ▇▇▇▇▇ Tenant's obligation to pay Minimum Monthly Rent for the first month of the Term (the "Rent Abatement Period"). Tenant acknowledges that any default by Tenant under this Lease will cause Landlord to incur costs not contemplated hereunder, the exact amount of such costs being extremely difficult and impracticable to ascertain, therefore, should Tenant at any time during the Term be in default after having been given notice and opportunity to cure, then the total unamortized sum of such abated Minimum Monthly Rent for the Rent Abatement Period (amortized on a straight line basis over the initial Term of this Lease) so conditionally excused shall become immediately due and payable by Tenant to Landlord; provided, however, Tenant acknowledges and agrees that nothing in this subparagraph is intended to limit any other remedies available to Landlord at law or in equity under applicable law (including, without limitation, the remedies under Civil Code Section 1951.2 and/or 1951.4 and any successor statutes or similar laws), in the event Tenant defaults under this Lease beyond any applicable notice and cure period.
Minimum Monthly Rent means the following amounts as to the following periods during the Term of this Lease:
Minimum Monthly Rent. The Minimum Monthly Rent shall be the following amounts during the following periods: From 3/1/06 to and including 8/31/06 $2.61 per RSF per month $11,528.37 per month, From 9/1/06 to and including 8/31/07 $2.70 per RSF per month $11,925.90 per month, From 9/1/07 to and including 8/31/08 $2.80 per RSF per month $12,367.60 per month, From 9/1/08 to and including 8/31/09 $2.50 per RSF per month $11,042.50 per month, From 9/1/09 to and including 8/31/10 $2.5875 per RSF per month $11,428.99 per month, From 9/1/10 to and including 8/31/11 $2.6781 per RSF per month $11,829.17 per month, From 9/1/11 to and including 8/31/12 $2.7718 per RSF per month $12,243.04 per month, From 9/1/12 to and including 8/31/13 $2.8688 per RSF per month $12,671.49 per month, ANNEX B From 9/1/13 to and including 8/31/14 $2.9692 per RSF per month $13,114.96 per month, From 9/1/14 to and including 8/31/15 $3.0731 per RSF per month $13,573.88 per month, From 9/1/15 to and including 8/31/16 $3.1807 per RSF per month $14,049.15 per month, From 9/1/16 to and including 8/31/17 $3.2920 per RSF per month $14,540.76 per month, From 9/1/17 to and including 8/31/18 $3.4072 per RSF per month $15,049.60 per month, From 9/1/18 to and including 8/31/19 $3.5265 per RSF per month $15,576.55 per month, From 9/1/19 to and including 8/31/20 $3.6499 per RSF per month $16,121.61 per month, From 9/1/20 to and including 1/31/21 $3.7777 per RSF per month $16,686.10 per month,