The Base Rent definition

The Base Rent shall give Micron an absolutely "net" return for the term, free of any expenses or charges for the Premises, except as this Lease expressly provides. Photronics shall pay as additional rent and discharge before failure to pay creates a material risk of forfeiture or penalty, each and every item of expense, of every kind and nature whatsoever, related to or arising from the Premises, or by reason of or in any manner connected with or arising from the leasing, operation, management, maintenance, repair, use, or occupancy of, or Photronics' Work relating to, the Premises. All Base Rent and additional rent shall be paid without deduction or offset in lawful money of the United States of America which shall be legal tender at the time of payment. When no other time is stated herein for payment, payment of any amount due from Photronics to Micron hereunder shall be made within thirty (30) business days after delivery of Micron's invoice or statement therefor.
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The Base Rent. Base Rent" or "rent") for the term shall be the following which shall be paid in advance on the Commencement Date and on the same day of each calendar month (or closest day as to any month in which there is no such same day) thereafter:
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The Base Rent shall be payable in twelve equal monthly installments each of which is equal to one percent (1%) of Landlord's Invested Capital in the Leased Assets, payable in advance on or before the first day of each month for each year of the Lease Term (each, a "Payment Date").
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Examples of The Base Rent in a sentence

  • The Base Rent shall be payable at Landlord's address or at such other place as Landlord may designate in writing.

  • The Base Rent for the first full month of the Lease Term which occurs after the expiration of any free rent period shall be paid at the time of Tenant’s execution of this Lease.

  • The Base Rent for the first full month of the Lease Term shall be paid at the time of Tenant’s execution of this Lease.

  • The Base Rent for the first full month of the Lease Term which occurs after the expiration of any free rent period shall be paid at the time of Tenant's execution of this Lease.

  • The Base Rent shall be subject to such increases over the Term as determined pursuant to Section 2.02 of the Master Agreement.

  • The Base Rent shall not be reduced by reason of such computation.

  • The Base Rent shall also be applied to any pro-rata period when the Lessee occupies the Premises for less than a one (1) month period.

  • The Base Rent shall be payable at Landlord’s address or at such other place as Landlord may designate in writing.

  • The Base Rent for the first full month of the Lease Term shall be paid at the time of Tenant's execution of this Lease.

  • Such additional rent, together with any and all other amounts payable by Tenant to Landlord pursuant to the terms of this Lease (including, without limitation, pursuant to Article 6), shall be hereinafter collectively referred to as the “Additional Rent.” The Base Rent and Additional Rent are herein collectively referred to as the “Rent.” All amounts due under this Article 4 as Additional Rent shall be payable for the same periods and in the same manner, time and place as the Base Rent.

Related to The Base Rent

  • Base Rent Period Annual Rate Per Square Foot Monthly Base Rent

  • Annual Base Rent means the business’s annual lease payment minus taxes, insurance and operating or maintenance expenses.

  • Monthly Rent means the monthly installment of Minimum Annual Rent plus the monthly installment of estimated Annual Operating Expenses payable by Tenant under this Lease.

  • Monthly Base Rent The monthly rent specified in Section 1.01(8).

  • Minimum Rent means Fifty Million Thirty-Three Thousand Nine Hundred Seventy-Six and 00/100ths Dollars ($50,033,976.00), subject to adjustment as provided in Section 3.1.1(b).