Fixed Rent; Additional Rent Sample Clauses
Fixed Rent; Additional Rent. (a) Sublessee shall pay to Sublessor a fixed rent, exclusive of electricity, at an annual rate as follows:
(i) $185,346 per annum ($15,445.50 per month) for the period commencing on the one hundred twentieth (120th) day immediately following the Commencement Date through and including November 30, 2005; and
(ii) $194,172 per annum ($16,181.00 per month) for the period commencing on December 1, 2005 through the Expiration Date.
(b) All fixed rent shall be paid in equal monthly installments in advance on the first (1st) day of each and every calendar month of the Term hereof, commencing on the Commencement Date hereof; provided, however, that if the Commencement Date (or if the date on which the Term of this Sublease shall expire or sooner terminate) shall be other than the first day (or last day) of a calendar month, then Sublessee shall pay prorated fixed rent for such partial calendar month occurring within the Term hereof. All payments of fixed rent and additional rent shall be payable to, and delivered to, Sublessor at ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇ to the attention of: ▇▇. ▇▇▇▇▇ Means, or to such other place as Sublessor may designate upon thirty (30) days prior written notice to Sublessee.
(c) In addition to, and not in lieu of, the fixed rent payable above, Sublessee shall pay (such payment herein referred to as "Sublessee's Tax Payment") to Sublessor as additional rent, Sublessee's proportionate share of the amount by which Taxes (as defined in the Prime Lease) for the tax year in question (any part of which shall occur during the Term, but only as to such part thereof which occurs during the Term) shall exceed the Taxes for the 2001/2002 tax year. Sublessee's Tax Payment shall be calculated in accordance with the provisions of Article 3 of the Prime Lease, except that Sublessee's proportionate share shall be deemed to be .5357%. Sublessee's Tax Payment shall be paid to Sublessor within thirty (30) days after receipt of an invoice therefor, which shall be accompanied by a copy of the tax ▇▇▇▇.
(d) In addition to, and not in lieu of, the fixed rent payable above, Sublessee shall pay (such payment herein referred to as "Sublessee's Operating Payment") to Sublessor as additional rent, Sublessee's proportionate share of the amount by which Operating Expenses (as defined in the Prime Lease) for the calendar year in question (any part of which shall occur during the Term, but only as to such part thereof which occurs during the Term) shal...
Fixed Rent; Additional Rent. 2.1. Tenant covenants and agrees to pay annual fixed rent to Landlord in the following amounts: (a) during the Initial Term, Five Hundred Thousand Dollars ($500,000) per annum and (b) during the Renewal Term, if any, Six Hundred Thousand Dollars ($600,000) per annum (such rentals are hereinafter referred to as the "Fixed Rent") as more fully set forth in Section 2.2 below.
(a) The provisions of Section 2.1 (including, without limitation, the stipulated amounts of Fixed Rent) shall be subject to the provisions of this Section 2.2.
(i) During the first Lease Year, Fixed Rent shall be payable (1) $150,000 upon date hereof, (2) $175,000 on December 22, 1999 and (3) on March 22, 2000, the entire unpaid balance (if any) of the Fixed Rent for such Lease Year (the "First Year Balance"). Anything in this lease to the contrary notwithstanding, if the aggregate of the M&S Payments (hereafter defined) actually paid to and received by Tenant during the first Lease Year (the "Aggregate First Year M&S Payments") shall not equal Six Hundred Fifty Thousand Dollars ($650,000.00), for any reason other than Tenant's failure to perform, then the amount by which the Aggregate First Year M&S Payments shall be less than Six Hundred Fifty Thousand Dollars ($650,000.00) (the "First Year M&S Deficiency"), shall be credited against the First Year Balance, if any, and if the aggregate First Year M&S Deficiency shall exceed the First Year Balance, such excess shall be credited against Fixed Rent and additional rent in subsequent Lease Years, as such amounts come due under this lease; provided, however, that in the event that this lease shall terminate, any portion of the First Year M&S Deficiency which shall be in excess of amounts then due and to become due to Landlord hereunder, shall be promptly paid to Tenant.
(ii) During the second Lease Year, Fixed Rent shall be payable as follows: (1) commencing on April 22, 2000, and continuing on the same day of each month thereafter until the earlier of payment in full of fifty (50%) percent of the Fixed Rent for such Lease Year or September 22, 2000, an amount equal to the Monthly Installment Amount (as defined below) and (2) on September 22, 2000, the entire unpaid balance (if any) of fifty (50%) percent of the Fixed Rent for such Lease Year (the "Second Year Balance"). Anything in this lease to the contrary notwithstanding, if the aggregate of the M&S Payments actually paid to and received by Tenant during the six month period immediately ...
Fixed Rent; Additional Rent. 4.1 Commencing on February 1, 2005 (the “Rent Commencement Date”) and continuing throughout the Building #3 Lease Term, Fixed Rent for Building #3 shall be payable by Tenant to Landlord, in the manner set forth in the Lease, according to the following schedule: Building #3 (12,000 rentable square feet): 2/1/05-1/31/06 $ 16,500.00 $ 198,000.00 $16.50 + electric 2/1/06-1/31/07 $ 17,000.00 $ 204,000.00 $17.00 + electric 2/1/07-1/31/08 $ 17,500.00 $ 210,000.00 $17.50 + electric 2/1/08-1/31/09 $ 18,000.00 $ 216,000.00 $18.00 + electric 2/1/09-1/31/10 $ 18,500.00 $ 222,000.00 $18.50 + electric 2/1/10-1/31/11 $ 19,000.00 $ 228,000.00 $19.00 + electric 2/1/11-1/31/12 $ 19,500.00 $ 234,000.00 $19.50 + electric Fixed Rent shall increase fifty ($.50) cents per rentable square foot each year thereafter.
4.2 Tenant shall pay Additional Rent for Building #3 as set forth in the Lease; provided, however, that from and after February 1, 2005, Tenant’s Proportionate Share shall be increased to 25.256% (52,495/211,811).
4.3 On March 1, 2005, Landlord shall give tenant a one-time-only rent credit of Twenty-five Thousand Dollars ($25,000.00) which shall be applied against the total amount of Fixed Rent due for the entire Demised Premises for the month of March 2005.
Fixed Rent; Additional Rent and other charges payable by Tenant hereunder as they become due under this Lease in one or more successive suits.
Fixed Rent; Additional Rent. A. All sums other than Fixed Rent due and payable by Tenant to Owner under this Lease are called "additional rent" or "Additional Rent". Fixed Rent and Additional Rent are collectively called "rent" or "Rent".
B. The failure of Tenant to make any payment of additional rent in this Lease shall entitle Owner to all rights and remedies provided hereunder for the non-payment of Fixed Rent, and the acceptance of all or any portion of such additional rent or Fixed Rent shall not be deemed a waiver of the rights of Owner with respect to any additional rent or Fixed Rent payable pursuant to the terms of this Lease.
C. All payments of Fixed Rent and Additional Rent, including, without limitation, Tenant's payment of its initial monthly installment of Fixed Rent, shall be made to Owner promptly without notice or demand, in lawful money of the United States of America, by good and sufficient check subject to collection and drawn on a New York City bank or trust company which is a member of the New York Clearinghouse Association, at the office of Owner or at such other place as Owner may, at any time and from time to time, by notice to Tenant designate, at the times and in the manner as set forth in this Lease.
D. There shall be no abatement of, deduction from or counterclaim or set-off against, Fixed Rent or Additional Rent, except as otherwise specifically provided by this Lease.
E. No payment by Tenant or receipt of acceptance by Landlord of a lesser amount than the correct amount of Fixed Rent or Additional Rent shall be deemed to be other than a payment on account, nor shall any endorsement or statement on any check or any letter accompanying any check or payment be deemed an accord and satisfaction, and Landlord may, accept such check or payment without prejudice to Landlord's right to recover the balance or pursue any other remedy in this Lease or at law provided.
F. If at the commencement of, or at any time or times during the term of this Lease, the Fixed Rent, additional rent or any other charge reserved in this Lease shall not be fully collectible by reason of any legal requirement, Tenant shall enter into such agreements and take such other steps (without additional expense to Tenant) as Owner may request and as may be legally permissible to permit Owner to collect the maximum rents which may from time to time during the continuance of such legal rent restriction be legally permissible (and not in excess of the amounts reserved therefor under this Lease). ...
Fixed Rent; Additional Rent. 3.1 Tenant shall pay fixed rent ("Fixed Rent") in the amounts described in Section 1.1 and all Additional Rent (as defined in Section 3.3) commencing on the Rent
Fixed Rent; Additional Rent. The rent shall consist of (a) fixed rent at the rate of $112,838.40 per annum, commencing as of the Term Commencement Date, payable in equal monthly installments of $9,403.20 in advance on the first day of each and every calendar month until the end of the term (apportioned for the first month if the Term Commencement Date shall be other than the first day of a calendar month and for the last month if this Lease expires on a day other than the last day of a calendar month), plus (b) additional rent as provided in Article 3 and elsewhere in this Lease. Rent shall be paid to Landlord at its office or at such other place(s) as Landlord shall designate to Tenant, in lawful money of the United States of America. Each reference in this Lease to "fixed rent" shall mean the annual amount thereof owing for the Premises as specified in this Section 2.
Fixed Rent; Additional Rent. 4.1 Commencing on October 1, 2003 and continuing throughout the Lease Term, Fixed Rent for the Demised Premises shall be payable by Tenant to Landlord, in the manner set forth in the Lease, according to the following schedules: 10/1/03-10/31/03 $ 0.00 Free rent for month 11/1/03-9/30/04 $ 10,866.67 $ 130,400.00 $ 16.00 + electric 10/1/04-9/30/05 $ 11,206.25 $ 134,475.00 $ 16.50 + electric 10/1/05-9/30/06 $ 11,545.83 $ 138,550.00 $ 17.00 + electric 10/1/06-0/30/07 $ 11,885.42 $ 142,625.00 $ 17.50 + electric 10/1/07-9/30/08 $ 12,225.00 $ 146,700.00 $ 18.00 + electric 10/1/08-9/30/09 $ 12,564.58 $ 150,775.00 $ 18.50 + electric 10/1/09-9/30/10 $ 12,904.17 $ 154,850.00 $ 19.00 + electric Fixed Rent shall increase fifty ($.50) cents per rentable square foot each year thereafter. 10/1/03-9/30/04 $ 22,333.33 $ 268,000.00 $ 16.00 + electric 10/1/04-9/30/05 $ 23,031.25 $ 276,375.00 $ 16.50 + electric 10/1/05-9/30/06 $ 23,729.17 $ 284,750.00 $ 17.00 + electric 10/1/06-9/30/07 $ 24,427.08 $ 293,125.00 $ 17.50 + electric 10/1/07-9/30/08 $ 25,125.00 $ 301,500.00 $ 18.00 + electric 10/1/08-9/30/09 $ 25,822.92 $ 309,875.00 $ 18.50 + electric 10/1/09-9/30/10 $ 26,520.83 $ 318,250.00 $ 19.00 + electric Fixed Rent shall increase fifty ($.50) cents per rentable square foot each year thereafter. Through September 30, 2003, Tenant shall continue to pay Fixed Rent and Additional Rent as set forth in the Fourth Amendment. 10/1/03-9/30/04 $ 19,602.29 $ 235,227.50 $ 18.50 + electric 10/1/04-9/30/05 $ 20,132.08 $ 241,585.00 $ 19.00 + electric 10/1/05-9/30/06 $ 20,661.88 $ 247,942.50 $ 19.50 + electric 10/1/06-9/30/07 $ 21,191.67 $ 254,300.00 $ 20.00 + electric 10/1/07-9/30/08 $ 19,072.50 $ 228,870.00 $ 18.00 + electric 10/1/08-9/30/09 $ 19,602.29 $ 235,227.50 $ 18.50 + electric 10/1/09-9/30/10 $ 20,132.08 $ 241,585.00 $ 19.00 + electric Fixed Rent shall increase fifty ($.50) cents per rentable square foot each year thereafter. Through September 30, 2003, Tenant shall continue to pay Fixed Rent and Additional Rent as set forth in the Fourth Amendment. 10/1/03-9/30/04 $ 1,866.67 $ 22,400.00 $ 16.00 + electric 10/1/04-9/30/05 $ 1,925.00 $ 23,100.00 $ 16.50 + electric 10/1/05-9/30/06 $ 1,983.33 $ 23,800.00 $ 17.00 + electric 10/1/06-9/30/07 $ 2,041.67 $ 24,500.00 $ 17.50 + electric 10/1/07-9/30/08 $ 2,100.00 $ 25,200.00 $ 18.00 + electric 10/1/08-9/30/09 $ 2,158.33 $ 25,900.00 $ 18.50 + electric 10/1/09-9/30/10 $ 2,216.67 $ 26,600.00 $ 19.00 + electric Fixed Rent shall increase fifty ($...
Fixed Rent; Additional Rent. Fixed Rent shall consist of Basic Rent (including the Operating Expense Allowance and Real Estate Tax Allowance). Additional Rent shall consist of all sums not included in Fixed Rent which Tenant is obligated to pay to Landlord or third parties from time to time pursuant to the terms of this Lease, including, but not limited to, any Operating Expense Adjustment and any Real Estate Tax Adjustment.