Rent and Other Charges 4.1 Beginning on the Rent Commencement Date, and continuing throughout the Sublease Term, Subtenant agrees to pay to Sublandlord as rent ("Base Rent") the amounts set forth in Section 1.1 hereof. Base Rent is payable in advance and without demand, at Sublandlord's office (or such other location as Sublandlord shall designate) in equal monthly installments, on the first day of each month during the Sublease Term, without any set-off, off-set, abatement or reduction whatsoever, except as specifically provided herein. If the Sublease Term commences other than on the first day of a month or ends other than on the last day of the month, the Base Rent for such month shall be prorated. The Prepaid Base Rent shall be paid upon Subtenant's execution of this Sublease. 4.2 Beginning on the Commencement Date, Subtenant shall pay, as additional Rent, all amounts, if any, that Sublandlord is required to pay to Overlandlord pursuant to the ▇▇▇▇▇▇▇▇▇ that are related to Operating Expenses (as defined in the ▇▇▇▇▇▇▇▇▇) of the Building or basic costs of the Building or similar items (or to increases in the foregoing), but only to the extent such amounts are applicable to the Subleased Premises; except that the Expense Base Year to be used for calculating Subtenant's obligations under this Section 4.2 shall be calendar year 2006. Sublandlord shall make a reasonable allocation of such amounts between the Subleased Premises and the remainder of the Leased Space. Subtenant shall pay such amounts within fifteen (15) days after receipt of written notice of the amount due (and if such amount is a regularly recurring amount, only one such notice shall be required for all such regularly recurring amounts due during the period specified in such notice). Additional Rent payable pursuant to this Section 4.2 shall be based solely upon actual payments made by Sublandlord pursuant to the ▇▇▇▇▇▇▇▇▇. Subtenant shall not have the right to question the propriety of or the basis for any such payment, and Sublandlord shall be under no obligation to contest any such payment. [***] Confidential portions of this document have been redacted and filed separately with the Commission. 4.3 All charges for standard electricity incurred during normal business hours shall be paid by Subtenant to Sublandlord as additional Rent upon receipt of an invoice for such charges unless included in Operating Expenses. All charges for electricity serving the Subleased Premises incurred after normal business hours shall be paid by Subtenant directly to Overlandlord, and if not so paid, then by Subtenant to Sublandlord as additional Rent upon receipt of an invoice for such charges. The time periods for payment to Sublandlord shall be within those time periods allowed for payment by Sublandlord to Overlandlord under the ▇▇▇▇▇▇▇▇▇. 4.4 As used in this Sublease, "Rent" shall mean the Base Rent, the Operating Expense reimbursements pursuant to Section 1.1, and all other monetary obligations provided for in this Sublease to be paid by Subtenant. 4.5 In the event the Rent is not paid when due as aforesaid, interest shall accrue thereon at the lesser of [***]% per annum or the maximum rate permitted by law. In addition, if the rent is not paid by the tenth day of any given month, Subtenant shall pay as a late charge to Sublandlord an additional amount equal to [***] percent ([***]%) of the rent which is due, but not less than [***] in order to compensate Sublandlord for its administrative and other overhead expenses. Any such late charge or interest payment shall be payable as additional rent under this Sublease and shall be payable immediately on demand.
Bills and Other Disbursements Upon receipt of Instructions, the Custodian shall pay, or cause to be paid, all bills, statements, or other obligations of a Fund.