Ground Rental Sample Clauses

Ground Rental. The monthly rental (Base Rent) for the Leased Premises shall be Five Hundred Dollars ($500.00) per month during the Initial Term of the Lease and any successive one (1) month terms until this Lease Agreement is terminated, pursuant to Paragraph 2.01, above.
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Ground Rental. Developer, for and in consideration of the rights and privileges granted herein, shall pay the City on or before the first day of each calendar month in advance, without demand, for each Phase taken down by Developer, 1/12 of the following annually computed amounts (collectively, “Ground Rentals”): 7.1.1 For and during the General Feasibility Period for the First Phase, and for and during the General Feasibility Period for each subsequent Phase as shall be taken down by Developer hereunder, Developer shall pay to the City the amount of two and one-half cents ($.025) per square foot per annum for each square foot of the Land contained within the Development Area of the applicable Phase (the “General Feasibility Ground Rental”); provided, however, the General Feasibility Ground Rental for Phase 1 shall not include the number of square feet of the Land comprising the Cell Phone Lot, the Public Restrooms and the Playground. Notwithstanding the foregoing, the General Feasibility Ground Rental for Phase 1 shall be due and payable solely for, and during, the General Feasibility Period for Phase 1 only if, and for so long as, the former GTSA is not then being used a temporary cell phone lot in Phase 1. 7.1.2 For and during the Entitlements Period for the First Phase, and for and during the Entitlements Period for each subsequent Phase as shall be taken down by Developer hereunder, Developer shall pay to City the amount of five cents ($0.05) per square foot per annum for each square foot of the Land contained within the Development Area of the applicable Phase (the “Entitlements Period Ground Rental”); provided, however, the Entitlements Period Ground Rental for Phase 1 shall not include the number of square feet of the Land comprising the Cell Phone Lot, the Public Restrooms and the Playground. Notwithstanding the foregoing, the Entitlements Period Ground Rental for Phase 1 shall be due and payable solely for, and during, the Entitlements Period for Phase 1 only if, and for so long as, the former GTSA is not then being used as a temporary cell phone lot in Phase 1. 7.1.3 For and during the Construction Period for the First Phase, and for and during the Construction Period for each subsequent Phase as shall be taken down by Developer hereunder, Developer shall pay to City the amount of fifteen cents ($0.15) per square foot per annum for each square foot of the Land contained within the Development Area of the applicable Phase (the “Construction Period Ground Rental...
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Ground Rental. Lessee shall pay to the City ground rental, plus any applicable transaction privilege taxes. Rent is due annually in advance. As of November 14, 2019 rent will be the sum of twenty-five thousand eleven dollars and 80 cents ($25,011.80), or approximately $ .291 per square foot. Rent will increase by 2% annually on the Lease anniversary date.
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Ground Rental. For the land described in Article I, Paragraph A., Lessee shall pay to Lessor $0.23 per square foot per annum for all ground included in this Lease, for an initial annual rental of $1,449.00. Said rental shall be payable yearly in advance, without billing, on the anniversary date of the Lease.
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Ground Rental. (a) Effective from and after the Rental Payment Start Date, as hereinafter defined, and continuing through the balance of the term of the letting, both dates inclusive, the Lessee shall pay to the Port Authority an annual Ground Rental for Parcels A and B in the amount of Six Hundred Twenty-two Thousand Eight Dollars and No Cents ($622,008.00) payable in equal monthly installments of Fifty-one thousand Eight Hundred Thirty-four Dollars and No Cents ($51,834.00) on the Rental Payment Start Date and on the first day of each and every month thereafter occurring during such period. The Ground Rental is subject to escalation and adjustment as provided in subparagraph (c) of this Section 4. (Note: The rentals are set forth in 2010 dollars. It is expected that upon execution of the agreement, the rentals will be further adjusted to reflect 2011 dollars.) (b) Effective from and the Rental Payment Start Date and continuing through the balance of the term of the letting, both dates inclusive, the Lessee shall pay to the Port Authority an annual Ground Rental For Parcel C, if applicable, in the amount of Four Hundred Thirty Three Thousand Four Hundred Fifty-six Dollars and No Cents ($433, 456.00) payable in equal monthly installments of Thirty Six Thousand One Hundred Twenty-one Dollars and Thirty-four Cents ($36, 121.34) on the Rental Payment Start Date and on the first day of each and every month thereafter occurring throughout the balance of the term of the letting. The Ground Rental is subject to escalation and adjustment as provided in subparagraph (c) of this Section 4.
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Related to Ground Rental

  • Fixed Rent (a) Commencing as of the Rent Commencement Date, Tenant shall pay Fixed Rent to Landlord, or Landlord’s designee as designated in a written notice to Tenant at such address as Landlord shall from time to time designate by written notice to Tenant. Except as hereinafter provided, the Fixed Rent shall be due and payable in the amounts set forth on Schedule 2 hereto for the respective periods shown on such Schedule 2. Fixed Rent shall be due and payable in advance on the first day of each month (or if such first day is not a business day, the first business day of each month), commencing on the Date of Rent Commencement, during the Term (each such date being referred to herein as a “Due Date”). Notwithstanding the foregoing, from the Date of Rent Commencement until Tenant is notified otherwise by Landlord and Lender, Fixed Rent shall be paid by wire transfer to the account specified in the rent direction letter from Landlord to Tenant delivered concurrently with the execution and delivery of this Lease. (b) If the Lease Commencement Date or Rent Commencement Date shall be on any day other than the first day of a calendar month, then all amounts to be paid on such dates shall be prorated on a per diem basis. (c) If any installment of Fixed Rent is not paid on the respective Due Date, Tenant shall pay Landlord interest on such overdue payment at the Lease Default Rate, accruing from the Due Date of such payment until the same is paid; provided, however, the foregoing obligation to pay the Default Rate shall not be required for the first late payment of Fixed Rent in any calendar year so long as such delay in payment does not continue for longer than a period of ten (10) days. All Fixed Rent and Additional Rent shall be payable in U.S. Dollars. (d) Commencing as of the Lease Commencement Date, all taxes, costs, expenses, and other amounts which Tenant is required to pay pursuant to this Lease (other than Fixed Rent), together with every fine, penalty, interest and cost which may be added in accordance herewith for non-payment or late payment thereof shall constitute additional rent (“Additional Rent”). All Additional Rent due to Landlord (or its designee) shall be paid directly by Tenant within thirty (30) days after Landlord gives written notice that payment is due, unless otherwise provided in this Lease, in which case, the Additional Rent shall be paid as otherwise so provided. Unless otherwise provided herein, Additional Rent payable by Tenant to a third (3rd) party (i.e., utility charges, maintenance contracts, supply contracts, vendor contracts, etc.) shall be paid as and when the same shall be due and payable pursuant to Tenant’s agreement or other arrangement with the applicable third (3rd) party. If Tenant shall fail to pay any such Additional Rent or any other sum due hereunder when the same shall become due (after the expiration of the applicable cure periods therefor), Landlord shall have all rights, powers and remedies with respect thereto as are provided herein or by Law in the case of non-payment of any Fixed Rent and shall, except as expressly provided herein, have the right (after the expiration of the applicable cure periods thereof), not sooner than ten (10) days after notice to Tenant (except in the event of an emergency, as reasonably determined by Landlord, in which case prior notice shall not be necessary) of its intent to do so, to pay the same on behalf of Tenant, and Tenant shall repay such amounts to Landlord on demand. Tenant shall pay to Landlord interest at the Lease Default Rate on all overdue Additional Rent and other sums due hereunder, in each case paid by Landlord or Lender on behalf of Tenant, from the date of payment by Landlord or Lender until repaid by Tenant.