Beginning on the Commencement Date. Tenant agrees to pay the Rent set forth in Section 1(K) to the Payee specified in Section 1(L),at the address specified in Section 1(M), or to such other payee (which shall be the Landlord or its nominee) or at such other address as may be designated by notice in writing from Landlord to Tenant, without prior demand therefor and without any deduction or setoff whatsoever. During the Term hereof, Rent shall be paid in accordance with the Prime Lease. Tenant's covenant to pay Rent is independent of every other covenant in this Sublease. If Rent is not paid when due, Tenant shall pay, relative to the delinquent payment, an amount equal to the sum which would be payable by Landlord to Prime Landlord for an equivalent default under the Prime Lease. If any installment of Rent provided for herein is not paid when due, Tenant shall pay any late charge or interest obligation required to be paid by Landlord under the Prime Lease.
Beginning on the Commencement Date. Tenant covenants and agrees to pay as Rent (hereinafter defined) for the Premises the following amounts set forth in this Section 4 and as otherwise provided in this Lease. "Additional Rent" shall mean such costs, expenses, charges and other payments to be made by (or on behalf of) Tenant to Landlord (or to a third party if required under this Lease), whether or not the same be designated as such. "Rent" or "rent" shall mean all Annual Base Rent (hereinafter defined) and Additional Rent due hereunder.
Beginning on the Commencement Date. Tenant shall pay the annual Fixed Rent in equal monthly installments in advance on the first (1st) calendar day of each and every calendar month. If the Commencement Date occurs on a day other than the first day of a calendar month, the Fixed Rent for the partial calendar month shall be prorated. Notwithstanding the foregoing, Tenant will not be required to pay Fixed Rent for the first three (3) months of the Term, so that the annual Fixed Rent for the first Lease Year will be $114,635.25.
Beginning on the Commencement Date and during the term of this Agreement, Employer hereby agrees to continue Employee in its employ, and Employee hereby agrees to remain in the employ of Employer, pursuant to the terms and conditions set forth herein.
Beginning on the Commencement Date. Tenant agrees to pay the Base Rent set forth in Section 1.10 to the Payee specified in Section 1.11, at the address specified in Section 1.12, or to such other payee or at such other address as may be designated by advanced notice in writing from Landlord to Tenant, without prior demand therefor and without any deduction whatsoever. Base Rent shall be paid in equal monthly installments in advance on the first day of each month of the Term, except that the first installment of Base Rent shall be paid by Tenant to Landlord upon execution of this Sublease by Tenant. Base Rent shall be prorated for partial months, if any, at the beginning and end of the Term. Base Rent may also be referred to herein as "Rent". Tenant's covenant to pay Rent shall be independent of every other covenant in this Lease. If Rent is not paid when due, Tenant shall pay, relative to the delinquent payment, an amount equal to the sum which would be payable by Landlord to Prime Landlord for an equivalent default under the Prime Lease.
Beginning on the Commencement Date the Company shall pay ------ the Employee a base salary at the annual rate of Two Hundred Sixteen Thousand Dollars ($216,000) (as the same may hereafter be adjusted, the "Salary") during the term of this Agreement. The Salary shall be inclusive of all applicable income, social security and other taxes and charges that are required by law to be withheld by the Company (collectively, "Taxes") and shall be paid and withheld in accordance with the Company's normal payroll practices for its executive employees from time to time in effect.
Beginning on the Commencement Date the Company will include the Executive in its executive compensation plan as approved annually by the compensation committee of the Parent’s Company’s board of directors. The Company reserves the right to alter or amend the above compensation plan at its sole discretion and it is understood that this compensation plan is reviewed and approved by the Compensation Committee of the Parent Company’s board of directors on an annual basis.
Beginning on the Commencement Date and during each Contract Year of the term hereof, Seller shall be obligated to accept for the account of Customer such quantities of Gas as Customer causes to be delivered for injection pursuant to the provisions hereof, provided, however, that Seller shall have no obligation to accept any quantities of Gas for injection, which will cause Customer’s Storage Quantity at any time to exceed Customer’s Maximum Storage Quantity.
Beginning on the Commencement Date. Subtenant shall pay base rent to Sublandlord at the annual rate of One Hundred Ninety Three Thousand and Three hundred and Fifty Eight Dollars ($193,358) in equal monthly installments of Sixteen Thousand One Hundred Thirteen Dollars and Seventeen cents ($16,113.17) (“Base Rent”). Except as provided in this Sublease, it is the intention of this Sublease that Sublandlord shall receive the Base Rent and Additional Rent herein reserved and all sums which shall or may become payable hereunder by Subtenant under any contingency, free from all taxes, charges, expenses, damages and deductions of every kind and nature whatsoever which the Sublandlord has the obligation to pay to the Master Landlord under the Master Lease, and that Subtenant shall and will and hereby expressly agrees to pay all such other sums as Additional Rent in accordance with the terms hereof.
Beginning on the Commencement Date. Tenant will pay annual rental pursuant to the following schedule (“rsf” indicates “rentable square foot”): Term Demised Premises Initial Term $ 36.00 per rsf Renewal Term $ 36.00 per rsf (herein collectively “Rent”). Rent is payable in equal monthly installments, in advance on the first day of each calendar month of each calendar year during the Initial Term and the Renewal Term, pro rated for any partial month. Any increases or decreases in the amount of square footage leased during a month will be adjusted in the subsequent monthly payment. Rent payments shall be payable to “Wake Forest University Health Sciences” and sent to Landlord in care of Controller’s Office, Attention: Xxxx Xxxxxxxx, Xxxxxxx Xxxxxx Xxxxxxxxx, Xxxxxxx-Xxxxx, XX, 00000.
