Annual Base Rent. Beginning on the Commencement Date, Tenant agrees to pay Landlord, without prior demand therefor, and without set-off or deduction, a yearly base minimum rent in the amount of Twenty-six Thousand Four Hundred Eighteen and No/100 Dollars ($26,418.00), payable in monthly installments, each in the amount of Two Thousand Two Hundred One and 50/100 Dollars ($2,201.50) plus an annual parking charge in an amount pursuant to the paragraph below (collectively, the base minimum rent and parking charge shall be defined herein as the “Base Rent”). In the event the Commencement Date falls on a day other than the first day of a calendar month, then the monthly installment of Base Rent shall be prorated for such month. In the event this Lease expires or is terminated on a day that is other than the last day of a calendar month, then the Base Rent for the month in which the Term expires or is terminated shall be prorated. Tenant shall pay the Base Rent to Landlord at Landlord’s address set forth in Section 17.5 of this Lease, or at such other place as Landlord may from time to time designate to Tenant in writing (in accordance with Section 17.5 of this Lease), in funds which at the time of such payment shall be legal tender for the payment of public or private debts in the United States of America. Beginning on the Commencement Date, Tenant shall also pay to Landlord an annual parking charge that shall be part of the Base Rent and initially shall be equal to the product of One Hundred and No/100 Dollars ($100.00) multiplied by the number of parking spaces which are allocated for Tenant’s use under Section 2.2 of the REA (initially, 120 spaces), being initially Twelve Thousand and No/100 Dollars ($12,000.00) per year. In the event Tenant should demand the LTACH Exclusive Parking Rights, as provided for in the REA, then from and after the date that Tenant begins to have such exclusive parking, the amount of the parking charge that shall be part of the Base Rent shall be increased to One Hundred Twenty-Five Percent (125%) of the parking charge then in effect at the time that Tenant begins to have such exclusive parking, with the amount prorated for any partial calendar year. Both the minimum rent and the parking charge that comprise the Base Rent shall be subject to adjustment pursuant to Section 3.5 below.
Annual Base Rent. A. Beginning with the Commencement Date and continuing throughout the term of this Lease, Lessee shall pay to Lessor in lawful United States currency, the fixed annual rent described in Paragraph 4 of the Summary (the “Fixed Annual Rent”), payable in the equal monthly installments described in Paragraph 4 of the Summary (the “Base Monthly Rent”), together with any and all sales and use taxes levied upon the use and occupancy of the premises as set forth in Article 4 hereof. Payment shall be in advance on the first day of each month. Lessee’s rent in the first month of the term and the last month of term shall be pro-rated based on the number of days the Lessee is obligated and bound by this Lease. All rent shall be paid to Lessor without demand, setoff or deduction whatsoever, c/o Simone Structures, J.V., 0000 Xxxx Xxxxxxxxxx Xxxx, #00, Xxxxxxx, Xxxxxxx 00000 or at such other place as lessor shall designate in writing to Lessee.
Annual Base Rent. Tenant covenants and agrees to pay to Landlord, as rent for the Premises for the first Rental Year, the sum of Three Hundred Forty Eight Thousand Nine Hundred Eighty Eight Dollars ($348,988.00) payable in equal monthly installments of Twenty Nine Thousand Eighty Two Dollars and 34/100 ($29,082.34). Thereafter, the annual base Rent shall be adjusted as provided in paragraph 2.c.
Annual Base Rent. The Annual Base Rent (at the applicable rate) shall commence to accrue hereunder on the Rent Commencement Date. Tenant shall pay the Annual Base Rent to Landlord in twelve (12) equal monthly installments on or before the first (1st) day of each month commencing with the First Rent Payment Date. Annual Base Rent for any partial month period shall be prorated and paid with the first monthly payment based on a thirty (30) day month and actual days elapsed. No invoice shall be provided nor shall any invoice be required from Landlord in order for Tenant to be obligated under this Section. Annual Base Rent during the Initial Period shall be payable at the Initial Period Rent rate, and Annual Base Rent during the Construction Period shall be paid at the Construction Period Rent rate.
Annual Base Rent. During each of the first five (5) Lease Years, Annual Base Rent in the amounts per annum for the respective years of the Term as more particularly set out in section 1.1(f). During each of the next five (5) Lease Years, the Annual Base Rent shall be the Annual Base Rent as more particularly set out in section 1.1(g).
Annual Base Rent. Lessee shall pay Lessor as rent for the premises, the sum AS SHOWN ON ATTACHED RIDER ONE PARAGRAPH 41 , payable in advance, without deduction or set-off, in legal tender of the United States of America, on the first day of each and every calendar month of the term, at the offices of Xxxxxxxxx-Xxxxxx Company (hereinafter called the "Company"), The Diamond Building, 0000 Xxxxxxxx Xxxxxx, Xxxxxxxxx, Xxxx 00000, or at such other place as Lessor may, from time to time, in writing designate. Any rent or other sums payable by Lessee to Lessor under this Lease which are not paid within five (5) days after they first become due, will be subject to a late charge of five percent (5%) of the amount due. Such late charges will be due and payable as additional rent on or before the next day on which an installment of rent is due. Any rent, late charges or other sums payable by Lessee to Lessor under this Lease which are not paid when due will bear interest at a rate equal to eighteen percent (18%) per annum, such interest to commence on the date that said payment was first due and payable, or, at the Lessor's election, if a late charge is assessed, fifteen (15) days after the date said payment was first due and payable. Such interest will be due and payable as additional rent on or before the next installment of rent and will accrue until paid from the date thereof.
Annual Base Rent. Tenant shall pay to Landlord, without any demand, setoff or deduction, at Landlord’s Address, or to such other person or at such other place as Landlord may designate by notice to Tenant, the Annual Base Rent. The Annual Base Rent shall be paid in equal Monthly Installments in advance on or before the first Business Day of each calendar month during the Term of this Lease and shall be apportioned for any fraction of a month in which the Term Commencement Date or the last day of the Term of this Lease may fall. Rent for the first full month of the initial Term for which Rent is due shall be paid by Tenant upon the execution of this Lease. Notwithstanding anything to the contrary contained in this Lease, as an inducement for Tenant to enter into this Lease, Tenant shall be relieved of Tenant’s obligation to pay Annual Base Rent for the first three full months of the Lease Term.
Annual Base Rent beginning June 29, 2004 ending June 30, 2005 beginning July 1, 2005 ending June 30, 2006 beginning July 1, 2006 ending June 30, 2007 beginning July 1, 2007 ending June 30, 2008 beginning July 1, 2008 ending June 30, 2009 beginning July 1, 2009 ending June 30, 2010 beginning July 1, 2010 ending October 31 2010
Annual Base Rent. The Annual Base Rent for the Base Term shall be the amounts set forth in the Basic Lease Information. Annual Base Rent shall be paid by Tenant in monthly installments equal to one-twelfth (1/12) of the Annual Base Rent for the applicable period ("Monthly Base Rent"), commencing on the Commencement Date and continuing thereafter for the balance of the Term. Tenant shall pay each installment of Monthly Base Rent in advance, without notice or demand, on or before the first Business Day of each and every calendar month to the party specified in the Basic Lease Information or to such other person or at such other address as Landlord may designate by written notice to Tenant from time to time. If the Commencement Date occurs on a date other than the first (1st) calendar day of a month, the first installment of Monthly Base Rent shall be prorated based upon a thirty (30)-day calendar month.
Annual Base Rent. Commencing on the Commencement Date and by the first day of each subsequent calendar month during the Term, Tenant shall pay to Landlord the Annual Base Rent set forth in Section 1.1, together with any and all Additional Rent due to Landlord in accordance with this Lease, all as set forth in this Article III.
