Fixed Rents Sample Clauses
The Fixed Rents clause establishes a predetermined, unchanging rental amount that a tenant must pay to the landlord over the course of the lease term. This clause specifies that the rent will not fluctuate based on market conditions, inflation, or other external factors, and typically outlines the payment schedule and any applicable penalties for late payment. By locking in the rent amount, this clause provides both parties with financial predictability and stability, reducing the risk of disputes over rent adjustments during the lease period.
Fixed Rents. (a) Fixed rents (collectively, "FIXED RENTS") paid or payable by tenants under the Leases in connection with their occupancy of the Premises shall be adjusted and prorated on an if, as and when collected basis. Any Fixed Rents collected by Purchaser or Seller after the Closing from any tenant who owes Fixed Rents for periods prior to the Closing shall be applied (i) first, in payment of Fixed Rents owed by such tenant for the month in which the Closing Date occurs, (ii) second, in payment of Fixed Rents owed by such tenant for the month preceding the month in which the Closing Date occurs, (iii) third, in payment of Fixed Rents owed by such tenant for the period following the month in which Closing Date occurs and (iv) fourth, after Fixed Rents for all current periods have been paid in full, in payment of Fixed Rents owed by such tenant for the period prior to the month preceding the month in which the Closing Date occurs. Each such amount, less any costs of collection (including reasonable counsel fees) reasonably allocable thereto, shall be adjusted and prorated as provided above, and the party who receives such amount shall promptly pay over to the other party the portion thereof to which it is so entitled.
(b) Any payment by a tenant in an amount less than the full amount of Fixed Rents and Overage Rents then due and payable by such tenant shall be applied first to Fixed Rents (in the order of priority as to time periods as is set forth in Section 8.1(a) above) to the extent of all such Fixed Rents then due and payable by such tenant, and thereafter to Overage Rents (in the order of priority as to time periods as is set forth in Section 8.2(d) below).
Fixed Rents. The fixed periodic payments under any Lease, as such payments may be adjusted during the term of each Lease in fixed, percentage or cost of living increases.
Fixed Rents. 27 Section 10.2 Overage Rents. . . . . . . . . . . . . . . . . . . . . 28
Fixed Rents. 34 Section 11.2 Overage Rents...........................................35 Section 11.3 Ground Lease Rents......................................38 Section 11.4
Fixed Rents. Except for non-refundable fees and the non-refundable portion of similar deposits (cleaning fees, security deposits, and similar items), all fixed rents ("FIXED RENTS"), paid pursuant to the Tenant Leases for the month in which the Closing occurs, shall be apportioned between Buyer and Seller based upon the number of days during the month in which the Closing Date occurs that each Party is treated as owing the Property based upon the Apportionment Date.
Fixed Rents. 29 Form TP-584 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43
Fixed Rents. 14 FormTP-584 ............................................................... 22
Fixed Rents. As and for the monthly fixed rental for the Subject Property, Tenant agrees to pay the following rate per square foot per month: Rent Per Square Aggregate Total --------------- --------- ----- Building - SQ. Ft. Foot Per Month Monthly Rent Rent ------------------- -------------- ------------ ---- ▇▇▇▇. ▇-▇▇ .30 $15,120 $907,200 50,400 sq. ft. 375 (parking area paved) ------- $15,495 $929,700
Fixed Rents. Additional Rents, and Service Rents are collectively called “Rents”. All Rents for periods of time ending before the Closing Date shall be allocated solely to Seller. All Rents for periods of time beginning on the Closing Date shall be allocated solely to Purchaser. All Rents, less the reasonable, incremental out-of-pocket costs of collection (including reasonable counsel fees) reasonably allocable thereto, shall be adjusted and prorated as provided above on a cash collected basis, and the party who receives such amount shall promptly (in no event longer than thirty (30) days after receipt) pay over to the other party the portion thereof to which it is so entitled, net after such costs. Purchaser shall b▇▇▇ Tenants who owe Rents for periods prior to the Closing on a monthly basis for a period of at least six (6) consecutive months following the later to occur of the Closing Date or the initial billing thereof (the “Collection Period”) and shall use commercially reasonable efforts to collect such Rents; provided, however, that Purchaser shall have no obligation to commence any actions or proceedings to collect any such Rents. Seller shall have no rights to collect Rents directly from Tenants after the Closing.