Examples of Monthly Base Rent in a sentence
Beginning on October 1, 2023, the Rent Commencement Date, CBC shall pay in advance to City Monthly Base Rent, without prior demand and without deduction or set-off, continuing thereafter for so long as this Lease is in effect, except as otherwise provided herein for Rent Credits.
If the calculated amount for percentage rent for any month exceeds the Monthly Base Rent owed for that month, Monthly Base Rent and Monthly Percentage Rent shall be due for that month.
Monthly Percentage Rent shall be calculated by first deducting the amount due for Monthly Base Rent for the net amount due for Monthly Percentage Rent for that month.
Percentage rent to be paid each month shall be owed only if the calculated payment exceeds the amount due for Monthly Base Rent that month.
In addition to Monthly Base Rent, CBC shall pay to City percentage rent each month in the amount of three percent (3%) of the Gross Sales for that month, but subject to the additional restrictions provided herein.