Monthly Rent definition
Examples of Monthly Rent in a sentence
Tenant shall pay Monthly Rent to Landlord in equal monthly installments (herein called “Monthly Rent”) as set forth in Section 1(a) above, in advance on the Commencement Date and on or before the first day of each calendar month during the Term.
The Monthly Rent during the Extended Term shall be an amount equal to 103.5% of the Monthly Rent in the last Lease Year of the initial Term, and shall increase by 3.5% each year during the Extended Term.
Tenant will pay one twelfth of such fee together with each monthly installment of Monthly Rent and will pay any adjusted amounts as may be necessary within thirty (30) days following ▇▇▇▇▇▇▇▇’s written demand therefor.
If Tenant retains possession of the Premises or any part thereof after the expiration or termination of the Lease by lapse of time or otherwise or after the earlier termination of Tenant's right of possession, Tenant shall pay to Landlord as Rent during such holdover period an amount equal to one hundred fifty percent (150%) of the Monthly Rent on a per diem basis, plus Additional Rent at the standard rates set forth in this Lease.
If the Term shall begin on any day other than the first day of a calendar month or end on any day other than the last day of a calendar month, then the Monthly Rent for any partial calendar month within the Term shall be prorated on a per diem basis.