Base Rent Amount Sample Clauses

Base Rent Amount. (a) Tenant covenants and agrees, beginning on the Commencement Date established in accordance with Section 1.1, to pay Landlord initial base rent (hereinafter referred to as "Base Rent Amount") in accordance with the following schedule: Annual Monthly Months Rate/SF Rent ------ ------ ---------- 1-4 $18.00 $11,250.00 5-12 $18.00 $15,000.00 13-24 $18.36 $15,300.00 25-36 $18.73 $15,608.33 The Base Rent Amount shall be due and payable in advance on the first (1st) day of each and every calendar month during the term of this Lease, all without deduction or setoff whatsoever. (b) Simultaneously with the execution of this Lease by Lessee, Lessee shall deposit with Lessor the sum of Thirteen Thousand Five Hundred Dollars ($13,500), as a security deposit (the "Security Deposit"). The Security Deposit shall be security for the payment and performance by Lessee of all of Lessee's obligations and agreements under this Lease. Lessor shall have the right, but shall not be obligated, to apply all or any portion of the Security Deposit to cure any Default under this Lease by Lessee, in which event, Lessee shall promptly deposit with Lessor the amount necessary to restore the Security Deposit to its original amount. The Security Deposit shall not be deemed liquidated damages, and application of the Security Deposit to reduce Lessor's damages shall not preclude Lessor from recovering from Lessee all additional damages incurred by Lessor. To the extent the Security Deposit is not applied by Lessor as aforesaid (or subject to application by Lessor as aforesaid) within ninety days after the Lease, the balance of the Security Deposit shall be returned to Lessee, without interest.
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Base Rent Amount. Commencing on the Commencement Date, Subtenant shall pay minimum annual rent for the Sublease Premises in the amount of $0.00 per rentable square foot (such amount being “Base Rent” with the annual amounts for the designated 12 month time periods below being the “Annual Base Rent”, in equal monthly installments (“Monthly Base Rent” during each calendar month during the Term.
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Base Rent Amount. Commencing on the date (the “Rent Commencement Date”) that is three months after the Sub-Sublease Commencement Date, Sub-Subtenant shall pay base rent for the Sub-Sublease Premises in the amounts shown below (such amounts being “Base Rent” with the annual amounts for the designated time periods below being the “Annual Base Rent”), in equal monthly installments (“Monthly Base Rent”) during each calendar month during the Sub-Sublease Term as follows: Rent Commencement Date – 5/31/2013 $38.00 $249,926.04 $20,827.17 6/1/2013 – 8/14/2014 $42.00 $276,234.00 $23,019.50
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Base Rent Amount. The amount of Base Rent for the period commencing on the earlier of the first day of the month following the date that ▇▇▇▇▇▇ commences construction or six (6) months following the Parties mutual execution of this Agreement (“Commencement Date”) shall be Twenty Thousand Six Hundred Sixty-Three Dollars and Twenty-Six Cents ($20,663.26), including Leashold Tax, per year and shall be payable to District within thirty (30) days following the Commencement Date. Commencing on the first anniversary of the Commencement Date and of each anniversary thereafter during the Term (the “Adjustment Date”), Base Rent shall be increased by an amount equal to Four Percent (4.0%) of the Base Rent payable immediately prior to the Adjustment Date. The Base Rent for each year of any Renewal Term shall be determined in the same manner that annual adjustments are determined herein.
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Base Rent Amount. Tenant agrees to pay as Base Rent for the Premises, Seven Thousand Five Hundred and No/100 Dollars ($7,500.00) per year, payable in equal monthly installments of Six Hundred T w e n t y - f i v e and 00/100 Dollars ($625.00) each, payable in advance on the first day of each calendar month during the term of this Lease.
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Base Rent Amount. Commencing on the Term Commencement Date and continuing thereafter throughout the Term, Tenant shall pay to the Town the annual sum of Seventy Four Thousand Four Hundred ($74,400.00) Dollars in equal, consecutive monthly installments of Six Thousand Two Hundred ($6,200.00) Dollars and No Cents, subject to increases from time to time under Sections 5.1(b) and 5.1(c) below, payable in advance, on or before the first day of each calendar month of the Term (“Base Rent”); provided, however, that the first and last monthly payments of Base Rent shall be pro-rated as to any partial month.
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Related to Base Rent Amount

  • Base Rent Adjustment The Base Rent payable hereunder shall be adjusted upward from time to time in accordance with the following provisions: (a) Tenant shall pay to Landlord as an adjustment to Rent, an amount equal to the excess (the “Excess”) from time to time of total annual Operating Expenses per square foot of Rentable Area of the Premises, as Grossed-Up, over and above the Expense Stop. The Excess shall be obtained by multiplying (i) the difference between the annual Operating Expense per square foot of Rentable Area in the Premises and the Expense Stop, by (ii) the total Rentable Area of the Premises as set forth in Section 1.15. Such amount shall be paid in advance in monthly installments on the same dates as Base Rent is due and payable hereunder based on Landlord’s notice delivered to Tenant from time to time setting forth Landlord’s good faith estimate of the Operating Expenses for the current calendar year. Landlord shall have the right to adjust such amount no more than once a year to reflect any changes in Landlord’s estimate of Operating Expenses. (b) By April 1 of each calendar year during the Lease Term, or as soon thereafter as practicable, Landlord shall furnish to Tenant a statement (“Actual Statement”) of Landlord’s annual Operating Expenses, as Grossed-Up, for the previous calendar year. If for any calendar year the amounts collected from Tenant for the prior year, as a result of Landlord’s estimate of Operating Expenses, exceeds the amount of the Excess actually due during such prior year, then Landlord shall refund to Tenant any overpayment (or at Landlord’s option, apply such amount against Rent due or to become due hereunder). Likewise, Tenant shall pay to Landlord, on demand, any underpayment with respect to the prior year. (c) In the event of any good faith dispute as to the amount of the Excess as set forth in the statement of actual Operating Expenses, Tenant shall have the right, no more frequently than once per calendar year, after reasonable notice to Landlord and at reasonable times, to inspect and photocopy Landlord’s Operating Expenses records at Landlord’s offices. If, after such inspection and photocopy, Tenant continues, in good faith, to dispute the amount of the Excess as set forth in said statement, Tenant shall be entitled not later than one (1) year following Tenant’s receipt of an Actual Statement to retain a national, independent, certified public accountant who is not contracted on a contingency fee basis and is mutually acceptable to Landlord and Tenant to audit Landlord’s Operating Expenses records with respect to the calendar year covered by Actual Statement to determine the proper amount of the Excess. Landlord shall be entitled to review the results of such audit promptly after completion of same. If such audit proves that Landlord has overcharged Tenant, then within fifteen (15) days after the results of the audit are made available to Landlord, Landlord shall credit Tenant the amount of such overcharge toward the payments of Base Rent and Additional Rent next coming due under this Lease. If the results of such audit prove that Landlord has undercharged Tenant, then within fifteen (15) days after the results of the audit are made available to Tenant, Tenant shall pay to Landlord the amount of any such undercharge. Tenant agrees to pay the cost of such audit, provided that Landlord shall reimburse Tenant the amount of such cost if the results of such audit prove that Landlord’s determination of the Excess (as set forth in the Actual Statement) was in error by more than six percent (6%). If Tenant does not request an audit in accordance with the provisions of this Section 6(c) within one (1) year after Tenant’s receipt of an Actual Statement, such Actual Statement shall be conclusively binding upon Tenant. Landlord shall be required to maintain records of all Operating Expenses for three (3) years following the issuance of the Operating Expense statement for such Operating Expenses. The payment by Tenant of any amounts pursuant to this Article shall not preclude Tenant from questioning the correctness of any such statement.

  • Base Rent Adjustments Base Rent shall be increased on each annual anniversary of the first day of the first full month during the Term of this Lease (each an “Adjustment Date”) by multiplying the Base Rent payable immediately before such Adjustment Date by the Rent Adjustment Percentage and adding the resulting amount to the Base Rent payable immediately before such Adjustment Date. Base Rent, as so adjusted, shall thereafter be due as provided herein. Base Rent adjustments for any fractional calendar month shall be prorated.

  • Minimum Monthly Rent Tenant shall pay minimum monthly rent (“Minimum Monthly Rent”) in the initial amount stated in Section 1.5. The Minimum Monthly Rent shall be increased as set forth in Section 1.5 and/or elsewhere in this Lease. 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, and before the Commencement Date, Tenant shall pay to Landlord the aggregate of the first month’s Minimum Monthly Rent, the first month’s Monthly Impound Payment (see Section 4.4), and the Security Deposit (see Section 5).

  • Rent Adjustment In the event that the Tenant does not elect to terminate this Ground Lease pursuant to Section 20.2, then this Ground Lease and the term hereof shall continue in full force and effect, and the monthly Rent shall be adjusted pro-rata in accordance with the land area of the property actually taken by the condemning authority.

  • Minimum Rent The defined term “Minimum Rent” set forth in Section 1.66 of the Lease is deleted in its entirety and replaced with the following: