Fixed Minimum Annual Rent Sample Clauses

Fixed Minimum Annual Rent. (a) Tenant agrees to pay Landlord, subject, however to adjustment (if any) as herein provided, as fixed minimum annual rent the sum or sums set forth in Section (p) of the Lease Summary (hereinafter referred to as "Fixed Minimum Annual Rent"). The Fixed Minimum Annual Rent during the term of this Lease shall be payable by the Tenant in equal monthly installments, on or before the first day of each month in advance, at the office of the Landlord as set forth in Section (a) of the Lease Summary, or at such other place designated by Landlord in writing, without notice or demand, and without any deduction, counterclaim, or set-off whatsoever.
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Fixed Minimum Annual Rent. (a) Tenant agrees to pay Landlord, subject, however to adjustment (if any) as herein provided, as fixed minimum rent, the sum or sums set forth in Section (o) of the Lease Summary. The fixed minimum annual rent during the term of this Lease shall be payable by the Tenant in equal monthly installments on or before the first day of each month in advance at the office of the Landlord as set forth in Section (a) of the Lease Summary of at such other place designated by Landlord, without notice or demand and without any deduction, counterclaim, or set-off whatsoever.
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Fixed Minimum Annual Rent. (See Addendum to Lease)
Sample 1
Fixed Minimum Annual Rent. Tenant agrees to pay to Landlord throughout the full term of this lease, without demand, set-off or deduction, but subject to adjustments for increases in the cost of living, as hereinafter set forth, an annual guaranteed minimum rent of eighteen thousand dollars ($18,000), payable in equal monthly installments (the "Basic Monthly Rent ") of $1,500, in advance on the first (1st) day of each calendar month of the term, to the Landlord s managing agent at X.X. XXX 000, XXXXXXX, XX. 00000-0000 (PAYABLE TO SEAGRAPE SQUARE), or at such other place Landlord may from time to time designate in writing.
Sample 1
Fixed Minimum Annual Rent. Section 2.01(b) is hereby deleted and replaced by the following: Beginning in Lease Year Two, the Fixed Minimum Annual Rent shall increase at the rate of $1.00 per square foot pursuant to the following schedule: Lease Year Two $31.00 per square foot $432,543.00 Annually Lease Year Three $32.00 per square foot $446,496.00 Annually Lease Year Four $33.00 per square foot $460,449.00 Annually Lease Year Five $34.00 per square foot $474,402.00 Annually Lease Year Six $35.00 per square foot $488,355.00 Annually Lease Year Seven $36.00 per square foot $502,308.00 Annually Lease Year Eight $37.00 per square foot $516,261.00 Annually Lease Year Nine $38.00 per square foot $530,214.00 Annually Lease Year Ten $39.00 per square foot $544,167.00 Annually
Sample 1
Fixed Minimum Annual Rent. Tenant shall pay to Landlord, without demand and without deduction or set-off, at the rental payment place, or such other address for the rental payment place as Landlord by notice in writing to Tenant may from time to time direct, rent as follows: (a) Fixed Rent shall be payable at the annual rate provided in Article 1, Section 1.1 I(Exhibit C), for each year of the Lease Term, in equal monthly installments in advance on the first day of each month during the Lease Term. The Fixed Rent for a Fractional Month (if any) shall be apportioned on a per Tenant shall reimburse Landlord for actual costs for repairs if Tenant refuses or neglects to repair as required.
Sample 1
Fixed Minimum Annual Rent. Tenant shall pay to Landlord, without demand and without deduction or set-off, at the rental payment place, or such other address for the rental payment place as Landlord by notice in writing to Tenant may from time to time direct, as follows: Fixed Rent shall be payable at the annual rate provided in Article I, Section 1.1 I (Exhibit C), for each year of the Lease Term, in equal monthly installments in advance on the first day of each month during the Lease Term. If payment is more than five (5) days late, a late fee of 10% is assessed on midnight of the fifth day. The Fixed Rent for a Fractional Month (if any) shall be apportioned on a per diem basis, calculated on the basis of a thirty (30) day month, and shall be payable on the commencement of the Lease Term.
Sample 1
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Fixed Minimum Annual Rent. Tenant shall pay to Landlord, without demand and without deduction or set-off, at City of Savannah Revenue Department, X.X. Xxx 0000, Xxxxxxxx, Xxxxxxx 00000 or at such other address for the Rental Payment Place as Landlord by notice in writing to Tenant may from time to time direct, rent as follows:
Sample 1

Related to Fixed Minimum Annual Rent

  • Minimum Annual Rent Tenant agrees to pay to Landlord the Minimum Annual Rent in equal monthly installments in the amount set forth in Section 1(d) (as increased at the beginning of each lease year as set forth in Section 1(d)), in advance, on the first day of each calendar month during the Term, without notice, demand or setoff, at Landlord's address designated at the beginning of this lease unless Landlord designates otherwise; provided that rent for the first full month shall be paid at the signing of this lease. If the Commencement Date falls on a day other than the first day of a calendar month, the rent shall be apportioned pro rata on a per diem basis for the period from the Commencement Date until the first day of the following calendar month and shall be paid on or before the Commencement Date. As used in this lease, the term "LEASE YEAR" means the period from the Commencement Date through the succeeding 12 full calendar months (including for the first lease year any partial month from the Commencement Date until the first day of the first full calendar month) and each successive 12 month period thereafter during the Term.

  • Minimum Annual Royalty Beginning in the calendar year after the first occurrence of SALEs, and in each succeeding calendar year thereafter, LICENSEE will pay to REGENTS a minimum annual royalty of [Written amount] U.S. Dollars ($ Number) for the life of this AGREEMENT. This minimum annual royalty will be paid to REGENTS by February 28 of each year and will be credited against the earned royalty due and owing for the calendar year in which the minimum payment is made.

  • Minimum Annual Royalties Company shall pay to JHU minimum annual royalties as set forth in Exhibit A. These minimum annual royalties shall be due, without invoice from JHU, within thirty (30) days of each anniversary of the EFFECTIVE DATE beginning with the first anniversary. Running royalties and sublicense consideration accrued under Paragraphs 3.3 and 3.4, respectively, and paid to JHU during the one year period preceding an anniversary of the EFFECTIVE DATE shall be credited against the minimum annual royalties due on that anniversary date.

  • Minimum Monthly Rent Tenant shall pay minimum monthly rent (“Minimum Monthly Rent”) in the initial amount stated in Section 1.5, which amount shall be subject to increase as provided in Sections 1.5 and 4.3. Tenant shall pay the Minimum Monthly Rent on or before the first day of each calendar month, in advance, at the office of Landlord or at such other place designated by Landlord, without deduction, offset or prior demand. If the Commencement Date is not the first day of a calendar month, the rent for the partial month at the beginning of the Lease Term shall be prorated on a per diem basis and shall be due on the first day of such partial month. Upon execution of this Lease, Tenant shall pay the first month’s Minimum Monthly Rent to Landlord.

  • Basic Annual Rent It is the intent of both parties that the Basic Annual Rent herein specified shall be absolutely net to the Landlord throughout the term of this Lease, and that all costs, expenses and obligations relating to Tenant’s pro-rata share of the Building, Property and/or Building, Property and/or Leased Premises which may arise or become due during the term shall be paid by Tenant in the manner hereafter provided. For purposes of this Part IV and the Lease in general, the following words and phrases shall have the meanings set forth below:

  • Annual Rent LESSEE covenants and agrees to pay as rent to LESSOR the sum of ($ ) for the first year of this lease which shall be due at the time of approval by the Board of Education. Subsequent payment of annual rent shall be due on or before the anniversary date of this Lease Agreement. The obligation of LESSEE to pay rent under this Lease Agreement is unconditional, and the rent shall not be subject to set off for any reason or cause. LESSOR and LESSEE agree that in the event of termination or cancellation, any rental payment made during the term of this Lease Agreement is not refundable, and LESSEE waives any right or claim it may have to refund of rent paid. Rents shall be adjusted annually pursuant to the rent adjustment clause contained in Paragraph 3 of this Lease Agreement. In the event LESSEE is delinquent in the payment of rent, LESSEE shall pay a late charge equal to fifteen percent (15%) of the amount of rent past due for more than 30 days and thereafter shall pay interest on any rent past due at an annual rate (the "Default Rate") equal to the maximum rate then allowed by law or, if there is no maximum rate, then a rate equal to five percent per annum above the discount rate, excluding any surcharge thereon, on ninety-day commercial paper in effect at the Federal Reserve Bank in the Federal Reserve district in which LESSOR is located, calculated according to the actuarial method.

  • Monthly Rent The rent amount for the initial period shall be: _ Dollars ($_ ) paid on the _ (#) day of every month and: (check one) ☐ - Shall remain the same during the Initial Term. ☐ - Shall increase during the Initial Term as follows: 1st Period: • From _ _ (mm/dd/yyyy), to _ (mm/dd/yyyy). • Monthly Rent: _ _ Dollars ($ ) 2nd Period: • From _ _ (mm/dd/yyyy), to _ (mm/dd/yyyy). • Monthly Rent: _ _ Dollars ($ )

  • Average Annual Compensation The Executive's "Average Annual Compensation" for purposes of this Agreement shall be deemed to mean the average level of compensation paid to the Executive by the Employers or any subsidiary thereof during the most recent five taxable years preceding the Date of Termination, including Base Salary and benefits and bonuses under any employee benefit plans of the Employers.

  • Term and Annual Renewal The term of this Agreement shall be from the date of its approval by the vote of a majority of the Board of each Issuer, and it shall continue in effect from year to year thereafter only so long as such continuance is specifically approved at least annually by the vote of a majority of its Board, and the vote of a majority of those members of the Board who are neither parties to the Agreement nor interested persons of any such party, cast at a meeting called for the purpose of voting on such approval. “Approved at least annually” shall mean approval occurring, with respect to the first continuance of the Agreement, during the 90 days prior to and including the date of its termination in the absence of such approval, and with respect to any subsequent continuance, during the 90 days prior to and including the first anniversary of the date upon which the most recent previous annual continuance of the Agreement became effective. The effective date of the Agreement with respect to each Fund is identified in the Schedule A of this Agreement.

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