Examples of Total Base Rent in a sentence
In this case, the balance of the lease Total Base Rent will be immediately due and payable.
If Tenant shall abandon the Premises, or quit and vacate the Premises voluntarily or involuntarily, the same may be relet by the Landlord for such rent and upon such terms as the Landlord in its discretion may deem reasonable and advantageous; and, in the event of such reletting, the Tenant shall be and remain liable for any deficiency in Total Base Rent, expenses incident to such reletting, and any damages which the Landlord may sustain by virtue of the Tenant’s abandonment.
It is expressly understood that Tenant is obligated to pay the Total Base Rent regardless of whether Tenant is unable for any reason to continue occupying the Premises for the entire Lease Term.
The District has appropriated the Total Base Rent from the District’s current fiscal year and/or State funds to be received during the District’s current fiscal year, and has segregated such funds in a separate account to be utilized solely for the Lease Payments.
Accordingly, Tenant shall continue paying Installments of Base Rent to Landlord (and Guarantor(s) obligation to ensure payment of the same shall continue) for the entire Lease Term and until the Total Base Rent is paid in full by Tenant, or otherwise recovered by Landlord through mitigation of damages.