Common use of Fixed Minimum Rent Clause in Contracts

Fixed Minimum Rent. Tenant shall pay to Landlord the Fixed Minimum Rent set forth in the Lease Summary, payable in advance in equal monthly installments without any prior demand therefor and without deduction or set off whatsoever, on the first day of each calendar month during the term hereof, commencing as set forth in the Lease Summary. In the event that the Commencement Date shall be a day other than the first day of a month, Tenant shall pay the Fixed Minimum Rent in advance for the fractional month on a per diem basis calculated on the basis of a thirty (30) day month. Tenant shall pay to Landlord the Fixed Minimum Rent for the sixth full calendar month of the term hereof upon Tenant's execution of this Lease.