Fixed Annual Rent Sample Clauses

Fixed Annual Rent. A. Lessee hereby covenants and agrees to pay to Lessor in lawful United States currency, together with any and all applicable sales and use taxes levied upon the use and occupancy of the Premises as set forth in Section 10, the Fixed Annual Rent specified in Summary paragraph E (as adjusted pursuant to Exhibit D attached hereto and by this reference made a part hereof) payable in equal monthly installments in advance, beginning on the Commencement Date and continuing on the first day of each and every calendar month thereafter during said term. All forms of rent due under this Lease shall be paid to Lessor, without demand, setoff or deduction whatsoever except as otherwise set forth herein at its offices as specified in Summary paragraph J or at such other place as Lessor shall designate in writing to Lessee. In the event that the Commencement Date is not the first day of a month, Lessee shall pay the pro rata portion of the Fixed Annual Rent as well as all forms of additional rent due hereunder for said month. ▇. ▇▇▇▇▇▇ shall have the same rights and remedies with respect to additional rent as with respect to Fixed Annual Rent. The term “Rent” is hereby defined to mean the Fixed Annual Rent and any additional rent or other sums payable by Lessee under this Lease. In the event that any payment due Lessor under this Lease shall not be paid on the due date, a late charge of five-percent (5%) of the delinquent sum may be charged by Lessor. If any installment of Rent shall remain overdue for more than fifteen (15) days, an additional late charge in an amount equal to one and one-half percent (1 1/2%) per month (18% percent per annum) of the delinquent amount may be charged by Lessor, such Charge to be computed for the entire period for which the amount is overdue and which is in addition to and not in lieu of the five percent (5%) late charge or any other remedy available to Lessor. In the event that any check, bank draft, order for payment or negotiable instrument given to Lessor for any payment under this Lease shall be dishonored for any reason whatsoever not attributable to Lessor, Lessor shall be entitled to make an administrative charge to Lessee of Twenty-Five and 00/100 ($25.00) Dollars. Lessee recognizes and agrees that the aforesaid charges represent, at the time this Lease is made, a fair and reasonable estimate and liquidation of the costs of Lessor in the administration of the Building resulting from the events described, which costs are not conte...

Fixed Annual Rent. (i) There is herein reserved to Landlord for the entire term of this lease fixed annual rent equal to the aggregate amount of the sums hereinafter set forth and/or as calculated (a) in this Article 2 and, (b) if and so long as Landlord provides electricity to the demised premises, in Article 3. Fixed annual rent shall be paid in advance as follows: Commencing on and on the first day of each month throughout the term of this lease, Tenant shall pay to Landlord, without notice, credit, set off, deduction, counterclaim or reduction (except as may be specifically set forth herein), fixed annual rent as follows (except that the first monthly installment of fixed annual rent is being paid upon the execution hereof): (a) for the period from the Commencement Date through and including the day immediately preceding the five (5) year five (5) month and one (1) week anniversary of the Commencement Date, the amount of $982,864.00 per annum, such amount to be paid in consecutive equal monthly installments of $81,905.33 during such period; and (b) for the period from the five (5) year five (5) month and one (1) week anniversary of the Commencement Date through and including the Expiration Date, the amount of $1,087,424.00 per annum, such amount to be paid in consecutive equal monthly installments of $90,618.67 during such period. (ii) Should the Commencement Date occur on any day other than the first day of a month, then the fixed annual rent for the unexpired portion of such month shall be adjusted and prorated on a per diem basis and any overpayment of the first month’s fixed annual rent shall be credited against the next month’s installment of fixed annual rent coming due. (iii) For so long as Tenant is not in default, beyond any applicable grace or cure period, of any term of this lease (which includes each Exhibit hereto), Tenant shall receive a rent credit against fixed annual rent in the amount of Nine Hundred Forty-One Thousand Nine Hundred Eleven Dollars and Thirty-Three ($941,911.33) Cents, which credit shall be applied, until exhausted, in monthly installments against the first monthly installments of fixed annual rent payable hereunder (until exhausted), except the installment being paid upon execution hereof. If the term of this lease is terminated prior to its stated expiration date for any reason not the result of Landlord’s default, then in addition to all other damages, rights and remedies herein provided and provided by law for Landlord, Landlord shall...

Fixed Annual Rent. The Annual Fixed Rent in respect of such Available ROFO Space shall be as determined in accordance with the provisions of Section 12.1(C) above.

Fixed Annual Rent. There is herein reserved to Landlord for the entire term of this lease fixed annual rent (without electricity) and subject to adjustment pursuant to paragraph B below equal to the aggregate amount of the sums hereinafter set forth. Fixed annual rent shall be paid in advance as follows: Commencing on and on the first day of each month thereafter throughout the term of this lease, Tenant shall pay to Landlord, without notice, deduction, set off or reduction (except as specifically set forth herein), monthly payments of fixed annual rent equal to one-twelfth (1/12th) of each of the following annual amounts (except that the first monthly installment of fixed annual rent is being paid upon the execution hereof): (i) March 1, 2003 through February 28, 2008: Forty-Six Thousand One Hundred Forty-Four and 00/100 ($46,144.00) Dollars per annum ($3,845.33 per month); and (ii) March 1, 2008 through February 28, 2013: Fifty-One Thousand Eighty-Eight and no/100 ($51, 088.00) Dollars per annum ($4,257.3er month). If and so long as Tenant is not in default of any obligation on its part to be performed hereunder, Tenant shall receive a rent credit of Fifteen Thousand Three Hundred Eighty-One and 33/100 ($15,381.33) Dollars, to be applied (i) in two (2) equal monthly installments of Three Thousand Eight Hundred Forty Five and 33/100 ($3,845.33) Dollars each against the second and third monthly installments of fixed annual rent payable hereunder (i.e. April 2003 and May 2003) and (ii) in four (4) equal monthly installments of One Thousand Nine Hundred Twenty Two and 66/100 ($1,922.66) dollars each against the fourth, fifth, sixth and seventh monthly installments of fixed annual rent payable hereunder (i.e., June 2003, July 2003, August 2003 and September 2003)./

Fixed Annual Rent. The Fixed Annual Rent for the 2020 Expiration Space for the Stub Term shall be as set forth on Exhibit C-3 annexed hereto;

Fixed Annual Rent for the First Offer Space shall commence as of the First Offer Commencement Date and shall be calculated at a rate which is the fixed annual rent on a fair market rental value basis for the First Offer Space based upon the criteria set forth in Subsection (5) of this Section 56.05 determined as of the day immediately preceding the First Offer Commencement Date (the “First Offer FMRV”); and

Fixed Annual Rent. During the Renewal Term, the Fixed Annual Rent shall continue to be the same as during the initial Lease Term.

Fixed Annual Rent. Lessee shall pay the Fixed Annual Rent for the Premises. Monthly installments of Fixed Annual Rent shall be due and payable in advance on the first Business Day of each month during the Term without notice or demand and without any abatement, setoff or deduction whatsoever. Such payments by Lessee to Lessor shall be effected by electronic funds transfers (debit entries) initiated by Lessor to Lessee’s bank account, and Lessee hereby authorizes Lessor to effect such payments in such manner as such amounts become due. At Lessor’s request from time to time, Lessee shall provide all necessary authorities and permissions to allow Lessor to initiate electronic funds transfers for payment of Fixed Annual Rent with the intention that funds transfer to Lessor on the first Business Day of each month. Lessee shall not be in default of its obligation to pay Fixed Annual Rent if payment is being made by electronic funds transfers intended to be initiated by Lessor pursuant to the provisions hereof and Lessor fails to initiate such electronic funds transfer. Lessor shall endeavor to provide a courtesy notice to Lessee of the amount to be drafted by Lessor approximately five (5) days prior to the transfer. At any time and from time to time, upon no less than ten (10) Business Days prior written notice from Lessor to Lessee, Lessor may elect instead to have Lessee itself initiate and pay all amounts payable under this Lease by electronic funds transfer or wire transfer of immediately available funds to the following account for Lessor: CREDIT: Getty Properties Corp. ABA#: [***]183 ACCOUNT Number: [***]184

Fixed Annual Rent. YEARS 1-14: 12.5% of Project Costs (as defined in the Construction Addendum attached hereto) EXTENSION PERIODS: as provided in Paragraph 2.4