Additional Rent; Payments; Interest Sample Clauses

The "Additional Rent; Payments; Interest" clause defines the tenant's obligation to pay amounts beyond the base rent, such as utilities, maintenance fees, or other charges specified in the lease. It typically outlines how these additional payments are calculated, when they are due, and the consequences of late payment, including the accrual of interest on overdue amounts. This clause ensures that all financial responsibilities are clearly allocated and provides a mechanism for the landlord to recover extra costs, thereby preventing disputes over payment obligations and incentivizing timely payment by the tenant.
Additional Rent; Payments; Interest. (a) In addition to Base Rent, Subtenant shall also pay to Sublandlord all other charges, costs, expenses, fees and other amounts, including real property taxes and assessments, sewer rents, utilities, common area charges, and percentage or contingent rent, including late payments, interest, and costs and fees of collection, including attorney fees (collectively “Additional Rent”) payable by Sublandlord under the Prime Lease. Without limiting the foregoing, Subtenant shall maintain and provide to Landlord all reports and accountings with respect to rent, issues and profits and percentage rent of Subtenant with respect to the Leased Premises required under the Prime Lease. (b) Each amount due pursuant to Subsection 4(a) above and each other amount payable by Subtenant hereunder, unless a date for payment of such amount is provided for elsewhere in this Sublease, shall be due and payable no later than the date on which any such amount is due and payable under the Prime Lease. (c) All amounts other than Base Rent payable to, or on behalf of, Sublandlord under this Sublease shall be deemed to be additional rent due under this Sublease. All past due installments of Base Rent and additional rent shall bear interest from the date that is the earlier of the date provided in the Prime Lease for the applicable payment or five (5) business days following receipt of written notice thereof from Sublandlord until paid at the rate per annum equal to the greater of the rate provided in the Prime Lease or
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Additional Rent; Payments; Interest. (a) Sublessee shall pay to Sublessor Sublessee’s Proportionate Share (defined below) of all (i) utilities relating to the Leased Premises as provided in Section 15 of the Prime Lease unless the same are separately metered and paid for by Lessee in accordance with Section 4 (aa) below, (ii) CAM Costs (as defined in Section 16(c) of the Prime Lease), (iii) maintenance and repair costs as provided in Section 16 (a) and (b) of the Prime Lease (amortized, if at all, as provided in the Prime Lease), and (iv) those Facility Enhancements (as defined in Section 32 of the Prime Lease) listed in the attached Exhibit E (amortized, if at all, as provided in the Prime Lease). Sublessee’s Proportionate Share shall be fifty percent (50%). If Lessor shall issue to Sublessor any credit or refund in respect of any amount due pursuant to this Subsection relating to any part of the Term of this Sublease, Sublessor shall (a) provide Sublessee with a copy of the supporting documentation received by Sublessor pursuant to Section 16 (d) of the Prime Lease and (b) give to Sublessee a credit or refund equal to Sublessee’s Proportionate Share of the portion of such credit or refund. (aa) Subject to subsection (ee) below, Sublessee may at any time, by notice to Sublessor, elect to submeter the electricity or any other utility provided to the Subleased Premises. In such case, Sublessee shall, at Sublessee’s expense, install and maintain any submeter and other equipment in order for such utility to be separately measured, Sublessee’s charges under this Sublease for such submetered utility shall be reduced accordingly, and Sublessee shall pay directly for Sublessee’s submetered utility usage. In the event that the usage of any utility by either Sublessor or Sublessee is materially disproportionate to its Proportionate Share and such disproportionate usage will continue for a material period, either party may request a reasonable and equitable adjustment of the allocation of the charges for such utility under this Sublease. In the event that the parties are unable to resolve such issue within thirty (30) days after written request, the matter will be resolved by arbitration as hereafter provided. (bb) Subject to Section 10(a), each party shall be solely responsible for the cost to repair all damage to the Leased Premises or the Building caused by the abuse or misuse by such party or any of its employees, agents, contractors, or invitees. (cc) Subject to approval by Sublessor and Lessor as...
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Additional Rent; Payments; Interest. In addition to Base Rent, Subtenant shall also pay to Sublandlord all other charges, costs, expenses, fees and other amounts, including real property taxes and assessments, sewer rents, utilities, common area charges, and percentage or contingent rent, including late payments, interest, and costs and fees of collection, including attorney fees (collectively “Additional Rent”) payable by Sublandlord under the Prime Lease. Without limiting the foregoing, Subtenant shall maintain and provide to Landlord all reports and accountings with respect to rent, issues and profits and percentage rent of Subtenant with respect to the Leased Premises required under the Prime Lease.
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Additional Rent; Payments; Interest a) Except for "Annual Rent" (as such term is defined Section 3 of the Prime Lease and for the payment of which Subtenant shall have no obligation under this Sublease), Subtenant shall also pay to Sublandlord all other amounts payable by Sublandlord under the Prime Lease which are attribut-able to the Sublease Premises or attributable to Subtenant, its agents, employees, customers or invitees, including, without limitation, the payment of Direct Expenses and Taxes , as set forth in Section 4 of the Prime Lease, and utilities, as set forth in Section 13 of the Prime Lease. By way of example and not by way of limitation, charges by Landlord for costs incurred by Landlord in repairing damage to the Building caused by an employee of Subtenant, increased insurance premiums due as a result of Subtenant's use of the Sublease Premises, and amounts expended or incurred by Landlord on account of any default by Subtenant which gives rise to a default under the Prime Lease would be amounts payable by Subtenant pursuant to this Subsection 4(a).
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Additional Rent; Payments; Interest a. Commencing on the date of this Agreement, Genocea shall also be liable to Smithsonian for its proportionate share (12.89%, defined as 10,507 rentable square feet divided by 81,500 total leased square feet leased by Smithsonian pursuant to the Prime Lease) (“Proportionate Share”) of Operating Costs, Taxes, and Insurance Costs as set forth and defined in the Prime Lease and as calculated herein. i. Operating Costs at $10,165.52 per month, calculated at the rate of $11.61 per square foot, subject to annual reconciliation by the Landlord pursuant to the terms of the Prime Lease and the reconciliation provisions of this Section; ii. Taxes at $6,812.04 per month, calculated at the rate of $7.78 per square foot, subject to annual reconciliation by the Landlord pursuant to the terms of the Prime Lease and the reconciliation provisions of this Section; and iii. Insurance Costs at $429.73 per month, calculated at the rate of $0.049 per square foot, subject to annual reconciliation by the Landlord pursuant to the terms of the Prime Lease and the reconciliation provisions of this Section. b. Genocea shall also pay to Smithsonian any amounts incurred by Smithsonian and assessed by Landlord under the Prime Lease for the sole purpose of obtaining Prime Landlord’s consent to this Sublease Agreement, including but not limited to any costs assessed by Landlord for administrative, legal fees and/or additional insurance provisions required. c. Genocea shall pay to Smithsonian all other amounts payable by Smithsonian under the Prime Lease which are attributable exclusively to the Premises or attributable exclusively to Genocea, its employees, customers or invitees. By way of example and not by way of limitation, its Proportionate Share (or direct share as may be appropriate) of charges by Prime Landlord for furnishing air conditioning or heating to the Premises at times in addition to those certain times specified in the Prime Lease (if not separately metered directly to Genocea ), costs incurred by the Prime Landlord or Smithsonian in repairing damage to the Building caused by an employee of Genocea, increased insurance premiums due as a result of Genocea’s use of the Premises, and amounts expended or incurred by the Prime Landlord or Smithsonian on account of any default by Genocea which gives rise to a default under either the Prime Lease or this Agreement which would be amounts payable by Genocea pursuant to this Subsection 4(c). d. All amounts other than Base Rent paya...
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Additional Rent; Payments; Interest. (a) As used herein, the following definitions shall apply:
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Additional Rent; Payments; Interest. (a) From and after January 1, 2015, Subtenant shall pay to Sublandlord (i) Subtenant’s Proportionate Share (as hereinafter defined) of “Operating Expenses” in accordance with Section 6 of the Prime Lease, which are in excess of the Operating Expenses paid by Sublandlord to Landlord in the base year of 2014, and (ii) Subtenant’s Proportionate Share of all other amounts, if any, payable by Sublandlord under the Prime Lease which are attributable to the Sublet Premises. As used herein, “Subtenant’s Proportionate Share” is a fraction, the numerator of which is the square footage of the Sublet Premises and the denominator of which is the square footage of the Premises such that the Subtenant’s Proportionate Share shall initially be 77.5897% (46,972 rentable square feet in the Sublet Premises divided by 60,539 rentable square feet of the Premises). Upon Subtenant’s request and at Subtenant’s cost, Sublandlord shall inspect and audit Landlord’s books and records pursuant to Section 6(b) of the Prime Lease, and use Sublandlord’s commercially reasonable efforts to enforce its rights and Landlord’s obligations thereunder. Sublandlord shall promptly provide Subtenant with a true, correct, and complete copy of the audit.
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Related to Additional Rent; Payments; Interest

  • Rent Payments ▇▇▇▇▇▇ agrees to pay rent to the Landlord during the term of this Lease in equal monthly installments of $975, which shall be paid on or before the first day of the month. ▇▇▇▇▇▇ agrees that if rent is not paid in full on or before 1st day of the month, Tenant will pay a late charge of $97.50 as allowed by applicable Georgia law.The prorated rent from the commencement of this Lease to the first day of the following month is $975, which amount shall be paid at the execution of this Lease. ▇▇▇▇▇▇ agrees that rent shall be paid in lawful money of the United States via the ▇▇▇▇▇ Residents App. Rent payments shall be made payable to and mailed or delivered to the following address: P.O. Box 17942 Atlanta, GA 30316. All notices from Tenant to Landlord under this Lease and applicable Georgia law shall be delivered to the above address. ▇▇▇▇▇▇ agrees that rent will be deemed paid only once Landlord or Landlord’s agent receives the rent monies, either by mail or by delivery to the above address. If there are multiple Tenants signed to this Lease, all such Tenants are jointly, severally and individually bound by, and liable under, the terms and conditions of this Lease. A judgment entered against one Tenant shall be no bar to an action against other Tenants.

  • Late Payment Rent Late payment by Tenant to Landlord of Rent and other sums due will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult and impracticable to ascertain. Such costs include, but are not limited to, processing and accounting charges and late charges which may be imposed on Landlord under any Mortgage covering the Premises. Therefore, if any installment of Rent due from Tenant is not received by Landlord within 5 days after the date such payment is due, Tenant shall pay to Landlord an additional sum equal to 6% of the overdue Rent as a late charge. Notwithstanding the foregoing, before assessing a late charge the first time in any calendar year, Landlord shall provide Tenant written notice of the delinquency and will waive the right if Tenant pays such delinquency within 5 days thereafter. The parties agree that this late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. In addition to the late charge, Rent not paid when due shall bear interest at the Default Rate from the 5th day after the date due until paid.

  • Rent Payment Tenant shall pay the Base Rent for the Premises and any additional rent provided herein without deduction or offset. Rent for any partial month during the lease term shall be prorated to reflect the number of days during the month that Tenant occupies the Premises. Additional rent means amounts determined under Section 19 of this Lease and any other sums payable by Tenant to Landlord under this Lease. Rent not paid when due shall bear interest at the rate of one-and-one-half percent per month until paid. Landlord may at its option impose a late charge of $.05 for each $1 of rent for rent payments made more than 10 days late in lieu of interest for the first month of delinquency, without waiving any other remedies available for default. Failure to impose a late charge shall not be a waiver of Landlord’s rights hereunder.

  • Additional Rental (a) For purposes of this Lease, "Tenant's Forecast Additional Rental" shall mean Landlord's reasonable estimate of Tenant's Additional Rental for the coming calendar year or portion thereof. If at any time it appears to Landlord that Tenant's Additional Rental for the current calendar year will vary from Landlord's estimate by more than five percent (5%), Landlord shall have the right to revise, by notice to Tenant, its estimate for such year, and subsequent payments by Tenant for such year shall be based upon such revised estimate of Tenant's Additional Rental. Failure to make a revision contemplated by the immediately preceding sentence shall not prejudice Landlord's right to collect the full amount of Tenant's Additional Rental. Prior to the Rental Commencement Date and thereafter prior to the beginning of each calendar year during the Lease Term, including any extensions thereof, Landlord shall present to Tenant a statement of Tenant's Forecast Additional Rental for such calendar year; provided, however, that if such statement is not given prior to the beginning of any calendar year as aforesaid, Tenant shall continue to pay during the next ensuing calendar year on the basis of the amount of Tenant's Forecast Additional Rental payable during the calendar year just ended until the month after such statement is delivered to Tenant.

  • Additional Rent Beginning with the commencement date of the term of this Lease, Tenant shall pay to Landlord in addition to the Basic Rent and as Additional Rent the following: (a) Tenant's proportionate share of all Taxes relating to the Complex as set forth in Paragraph 12, and (b) Tenant's proportionate share of all insurance premiums relating to the Complex, as set forth in Paragraph 15, and (c) Tenant's proportionate share of expenses for the operation, management, maintenance and repair of the Building (including common areas of the Building) and Common Areas of the Complex in which the Premises are located as set forth in Paragraph 7, and (d) All charges, costs and expenses, which Tenant is required to pay hereunder, together with all interest and penalties, costs and expenses including attorneys' fees and legal expenses, that may accrue thereto in the event of Tenant's failure to pay such amounts, and all damages, reasonable costs and expenses which Landlord may incur by reason of default of Tenant or failure on Tenant's part to comply with the terms of this Lease. In the event of nonpayment by Tenant of Additional Rent Landlord shall have all the rights and remedies with respect thereto as Landlord has for nonpayment of rent. The Additional Rent due hereunder shall be paid to Landlord or Landlord's agent (i) within five days for taxes and insurance and within thirty days for all other Additional Rent items after presentation of invoice from Landlord or Landlord's agent setting forth such Additional Rent and/or (ii) at the option of Landlord, Tenant shall pay to Landlord monthly, in advance, Tenant's prorata share of an amount estimated by Landlord to be Landlord's approximate average monthly expenditure for such Additional Rent items, which estimated amount shall be reconciled within 120 days of the end of each calendar year or more frequently if Landlord so elects to do so at Landlord's sole and absolute discretion, as compared to Landlord's actual expenditure for said Additional Rent items, with Tenant paying to Landlord, upon demand, any amount of actual expenses expended by Landlord in excess of said estimated amount, or Landlord crediting to Tenant (providing Tenant is not in default in the performance of any of the terms, covenants and conditions of this Lease) any amount of estimated payments made by Tenant in excess of Landlord's actual expenditures for said Additional Rent items. The respective obligations of Landlord and Tenant under this paragraph shall survive the expiration or other termination of the term of this Lease, and if the term hereof shall expire or shall otherwise terminate on a day other than the last day of a calendar year, the actual Additional Rent incurred for the calendar year in which the term hereof expires or otherwise terminates shall be determined and settled on the basis of the statement of actual Additional Rent for such calendar year and shall be prorated in the proportion which the number of days in such calendar year preceding such expiration or termination bears to 365. See Paragraph 54