Common use of Rent and Operating Expenses Clause in Contracts

Rent and Operating Expenses. In consideration for OCCUPANT’s right to use the Premises for the Term as herein provided, OCCUPANT shall pay to OWNER a gross monthly rent in the amount of One Hundred Eighty Thousand, Six Hundred Sixty-Six and 67/100 Dollars ($180,666.67) (“Rent”) to be due and payable to OWNER on or before the first day of each calendar month. Gross Monthly Rent shall be prorated daily for any portion of a month included in the Term. Rent shall be sent or delivered to OWNER at the address set forth below.

Appears in 2 contracts

Sources: Temporary Occupancy Agreement (Sylvamo Corp), Temporary Occupancy Agreement (Sylvamo Corp)