Term and Fixed Rent Sample Clauses

Term and Fixed Rent. 1.01. Landlord hereby leases to Tenant, and Tenant hereby hires from Landlord, upon and subject to the terms, covenants, provisions and conditions of this Lease, the premises described in Section 1.02 in the building (herein called the “Building”) known as ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇ and State of New York. The Building is located on a portion of the land (herein called the “Land”) described in Exhibit A annexed hereto and made a part hereof. 1.02. The premises (herein called the “Premises”) leased to Tenant are the entire fifteenth (15th), sixteenth (16th), seventeenth (17th) and eighteenth (18th) floors of the Building, substantially as shown hatched on the floor plans annexed hereto as Exhibit B and made a part hereof. The parties hereto hereby agree that for purposes of this Lease the Premises shall be deemed to contain 103,484 rentable square feet. 1.03. The term (“Term”) of this Lease (a) shall commence on the Effective Date (as defined in Section 1.05 hereof) and (b) shall end on December 31, 2015 (herein called the “Expiration Date”) or on such earlier date upon which the term of this Lease shall expire or be cancelled or terminated pursuant to any of the conditions or covenants of this Lease or pursuant to law. 1.04. The rents shall be and consist of: (a) For the period commencing on the Effective Date and ending on the Expiration Date: Four Million One Hundred Thirty Nine Thousand Three Hundred and Sixty ($4,139,360) Dollars per annum ($344,946.67 per month) (“Fixed Rent”). Tenant shall receive a credit against its obligation to pay Fixed Rent and Additional Charges hereunder in accordance with, and to the extent available under, Section 6 of the Settlement Agreement (as hereinafter defined). Subject to the foregoing, Fixed Rent shall be payable commencing on the Effective Date and thereafter in equal monthly installments in advance on the first day of each and every calendar month during the term of this Lease, and (b) additional rent (herein called “Additional Charges”) consisting of Tax Payments (hereinafter defined), Operating Payments (hereinafter defined), the Additional Charges set forth in Articles 14 and 15 and all other sums of money as shall become due from and payable by Tenant to Landlord hereunder from and after the Effective Date; all to be paid in lawful money of the United States to Landlord at its office, or such other place, or to Landlord’s agent and at such other place, as landlord shall designate by notice to T...
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Term and Fixed Rent. 1.01. Landlord hereby leases to Tenant, and Tenant hereby hires from Landlord, upon and subject to the terms, covenants, provisions and conditions of this lease, the premises described in Section 1.02. 1.02. The premises (herein called the “Premises”) leased to Tenant shall consist of the entire Real Property, including, without limitation: the entire 3rd through 50th floors of the Building (each such floor is individually referred to herein an “Office Floor” and collectively as the “Office Floors”), the lobby of the Building (herein called the “Lobby”), the concourse of the Building (herein called the “Concourse”), the sub-concourse of the Building (herein called the “Sub-concourse”), and the 51st, 52nd and 53rd floor areas of the Building which are devoted to mechanical and roof top areas and are not usable for office use (herein collectively called the “Mechanical Areas”). Landlord and Tenant hereby covenant and agree that (i) no rentable square feet or amounts of rent payable hereunder shall be attributable to the Sub-concourse or to the Mechanical Areas or any other area that would constitute a common area if the Building were multi-tenanted and (ii) the Premises shall be deemed to contain an aggregate of 1,401,609 rentable square feet (which is the area on which Fixed Rent is determined hereunder) comprised as follows: Office Floors: 3rd Floor 31,079 28th Floor 30,612 4th Floor 22,833 29th Floor 30,209 5th Floor 18,968 30th Floor 30,174 6th Floor 27,002 31st Floor 31,165 7th Floor 30,170 32nd Floor 31,165 8th Floor 30,170 33rd Floor 31,165 9th Floor 30,170 34th Floor 31,165 10th Floor 30,170 35th Floor 31,165 11th Floor 30,170 36th Floor 31,165 12th Floor 30,170 37th Floor 31,166 14th Floor 30,170 38th Floor 31,189 15th Floor 30,170 39th Floor 30,814 16th Floor 30,170 40th Floor 30,787 17th Floor 30,170 41st Floor 31,749 18th Floor 30,143 42nd Floor 31,749 19th Floor 29,806 43rd Floor 31,749 20th Floor 29,804 44th Floor 31,749 21st Floor 30,696 45th Floor 31,749 22nd Floor 30,696 46th Floor 28,338 23rd Floor 30,696 47th Floor 28,338 24th Floor 30,672 48th Floor 19,978 25th Floor 30,717 49th Floor 19,702 26th Floor 30,717 50th Floor 12,253 27th Floor 30,717 Lobby: Retail space 11,775 Concourse: Retail space 12,626 Storage space 1,667 Subject to the terms, covenants, provisions and conditions of this lease, Landlord hereby grants to Tenant the exclusive right to use the Premises and to control the operation and management thereof. 1.03. The term of thi...
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Term and Fixed Rent. 1.01. Landlord hereby leases to Tenant, and Tenant hereby hires from Landlord, upon and subject to the terms, covenants, provisions and conditions of this Lease, the premises described in Section 1.02 in the building (herein called the "Building") known as 59 M▇▇▇▇▇ ▇▇▇▇ (▇/k/a 41-6▇ ▇▇▇▇▇▇ ▇▇▇▇, ▇/k/a 50-6▇ ▇▇▇▇ ▇▇▇▇▇▇, a/k/a 85-109 Will▇▇▇▇ ▇▇▇eet) in the City, County and State of New York. The Building is located on the land (herein called the "Land") described in Exhibit A annexed hereto and made a part hereof. 1.02. The premises (herein called the "Premises") leased to Tenant are located on floors 14, 14A and a portion of floor 15 of the Building, substantially as shown on the floor plans attached hereto as Exhibits B-1, ▇-▇ ▇▇▇ B-3, respectively and made a part hereof. Landlord and Tenant hereby covenant and agree that the Premises shall be deemed to contain 67,749 rentable square feet. Landlord hereby grants to Tenant the non-exclusive right to use, in common with others, the public areas of the Building to the extent required for access to the Premises or use of the Premises for general and executive offices, including, without limitation, common hallways on the floors on which the Premises are located, stairways, common restrooms on the floors on which the Premises are located, and the Building lobby, subject to the terms, covenants, provisions and conditions of this Lease. 1.03. The term of this Lease (a) shall commence on the Initial Commencement Date (as defined in Section 1.05 hereof) and (b) shall end at 11:59 p.m. on the date (herein called the "Expiration Date") that is the last day of the month in which the tenth (10th) anniversary of the day preceding the Final Commencement Date (as defined in Section 1.05 hereof) occurs, or on such earlier date upon which the term of this Lease shall expire or be canceled or terminated pursuant to any of the conditions or covenants of this Lease or pursuant to law. As more particularly hereinafter set forth, the term of this Lease shall commence with respect to various portions of the Premises on a floor-by-floor basis. 1.04. The rents shall be and consist of: (a) fixed rent (herein called "Fixed Rent") for each floor of the Premises as follows: at the following rates during the following periods: (i) For Floor 14: (x) ONE MILLION ONE EIGHTY-SEVEN THOUSAND TWO HUNDRED EIGHTY-FIVE AND 75/100 ($1,187,285.75) DOLLARS per annum (which amount includes a component equal to the Base Electric
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Term and Fixed Rent. Landlord hereby leases to Tenant, and Tenant hereby hires from Landlord, upon and subject to the terms, covenants, provisions and conditions of this lease, the premises described in Section 1.02.
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Term and Fixed Rent. (a) The Term of this Lease for the Additional Premises shall expire on the Expiration Date. (b) From March 1, 2000 (the "ADDITIONAL PREMISES RENT COMMENCEMENT DATE") through the Expiration Date, Fixed Rent with respect to the Office Space shall be increased to SIX MILLION FIFTY-FIVE THOUSAND THREE HUNDRED SIXTY-EIGHT and 00/100 Dollars ($6,055,368.00) per annum or FIVE HUNDRED FOUR THOUSAND SIX HUNDRED FOURTEEN and 00/100 Dollars ($504,614.00) per month (prorated for any portion of a month).
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Term and Fixed Rent. 1.01. Landlord hereby leases to Tenant. and Tenant hereby hires from Landlord, upon and subject to the terms, covenants, provisions and conditions of this Lease, the premises described in Section 1.02 in the building (herein called the "Building") known as ▇▇ ▇▇▇▇▇▇ ▇▇▇▇ (a/k/a ▇▇-▇▇ ▇▇▇▇▇▇ ▇▇▇▇. a/k/a 50-66 ▇▇▇▇ Street, a/k/a ▇▇-▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇) in the City, County and State of New York. The Building is located on the land (herein called the "Land") described in Exhibit A annexed hereto and made a part hereof.
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Term and Fixed Rent. 1.01. Landlord hereby leases to Tenant, and Tenant hereby hires from Landlord, upon and subject to the terms, covenants, provisions and conditions of this lease, the premises described in Section 1.02 hereof in the Unit. 1.02. The premises (herein called the "PREMISES") leased to Tenant shall consist of (a) the entire mezzanine (herein called the "MEZZANINE PREMISES"), second
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Term and Fixed Rent. 1.01. Landlord hereby leases to Tenant, and Tenant hereby hires from Landlord, upon and subject to the terms, covenants, provisions and conditions of this lease, the premises described in Section 1.02. 1.02. The premises (herein called the "Premises") leased to Tenant shall consist of the entire Real Property, including, without limitation: the entire 3rd through 50th floors of the Building (each such floor is individually referred to herein an "Office Floor" and collectively as the "Office Floors"), the lobby of the Building (herein called the "Lobby"), the concourse of the Building (herein called the "Concourse"), the sub-concourse of the Building (herein called the "Sub-concourse"), and the 51st, 52nd and 53rd floor areas of the Building which are devoted to mechanical and roof top areas and are not usable for office use (herein collectively called the "Mechanical Areas"). Landlord and Tenant hereby covenant and agree that (i) no rentable square feet or amounts of rent payable hereunder shall be attributable to the Sub-concourse or to the Mechanical Areas or any other area that would constitute a common area if the Building were multi-tenanted and (ii) the Premises shall be deemed to contain an aggregate of 1,401,609 rentable square feet (which is the area on which Fixed Rent is determined hereunder) comprised as follows: Office Floors: -------------- ------------------------------------------------------------------------------------------------ 3rd Floor 31,079 28th Floor 30,612 ------------------------------------------------------------------------------------------------ 4th Floor 22,833 29th Floor 30,209 ------------------------------------------------------------------------------------------------ 5th Floor 18,968 30th Floor 30,174 ------------------------------------------------------------------------------------------------ 6th Floor 27,002 31st Floor 31,165 ------------------------------------------------------------------------------------------------ 7th Floor 30,170 32nd Floor 31,165 ------------------------------------------------------------------------------------------------ 8th Floor 30,170 33rd Floor 31,165 ------------------------------------------------------------------------------------------------ 9th Floor 30,170 34th Floor 31,165 ------------------------------------------------------------------------------------------------ 10th Floor 30,170 35th Floor 31,165 ------------------------------------------------------------------...
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Term and Fixed Rent. 1.01. Landlord hereby leases to Tenant, and Tenant hereby hires from Landlord, upon and subject to the terms, covenants, provisions and conditions of this lease, the premises described in Section 1.02. 1.02. The premises (herein called the “Premises“) leased to Tenant shall consist of: (i) ***[the entire ***[ ]*** floors of the Building and a portion of the ***[ ]*** floors of the Building (each such full floor and partial floor is individually referred to herein as an “Office Floor“ and collectively as the “Office Floors“)]***, all substantially as shown cross-hatched on the floor plans annexed hereto as Exhibit B-1 (ii) certain retail space located in the lobby of the Building, as more particularly shown cross-hatched on Exhibit B-2, (iii) certain retail and storage space located on the concourse level of the Building, as more particularly shown cross-hatched on Exhibit B-3,]*** 1
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Related to Term and Fixed Rent

  • Annual Fixed Rent Tenant covenants and agrees to pay the Annual Fixed Rent in Section 1.1 to Landlord in advance in equal monthly installments commencing on the Term Commencement Date (if not the first day of a month) and thereafter on the first day of each calendar month during the Term. All payments shall be due without billing or demand and without deduction, setoff or counterclaim, except as expressly set forth in this Lease. Tenant shall make payment for any portion of a month at the beginning or end of the Term. All payments shall be payable to Landlord at Landlord’s address, as specified in Section 1.1, or to such other entities at such other places as Landlord may from time to time designate. Without limiting the foregoing, except as expressly set forth in this Lease, Tenant’s obligation so to pay Rent (as hereinafter defined) shall not be discharged or otherwise affected by any law or regulation now or hereafter applicable to the Premises, or any other restriction on Tenant’s use, or any casualty or taking, or any failure by Landlord to perform any covenant contained herein, or any other occurrence; and, except as expressly set forth in this Lease, Tenant waives all rights now or hereafter existing to terminate or cancel this Lease or quit or surrender the Premises or any part thereof, or to assert any defense in the nature of constructive eviction to any action seeking to recover Rent. The foregoing notwithstanding, if Landlord fails for any reason within Landlord’s control to provide any service to be supplied by Landlord under the Lease which is necessary for Tenant’s reasonable use of the Premises (such as HVAC, elevator service, electricity, water, or structural repairs), and Tenant is unable to use the Premises on account of such failure, Tenant shall be entitled to a proportional abatement of Annual Fixed Rent and Additional Charges for Operating Expenses and Taxes based on the portion of the Premises which cannot be used by Tenant. This abatement shall begin on the fourth (4th) consecutive Business Day from Tenant’s written notice to Landlord of the failure. The abatement shall end when the services are restored sufficiently to permit use of the Premises.

  • Term and Rent Lessor demises the above premises for a term of twenty years, commencing January 1, 1993, and terminating o December 31, 2012, or sooner as provided herein at the annual rent of Twenty Four Thousand Dollars ($24,000.00), payable in equal installments in advance on the first day of each month for that month's rental, during the term of this lease. All rental payments shall be made to Lessor, at the address specified above.

  • 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.

  • Minimum Rent The defined term “Minimum Rent” set forth in Section 1.66 of the Lease is deleted in its entirety and replaced with the following:

  • Basic Rent The periodic rent payable for the Aircraft throughout the Basic Term pursuant to Section 3.02 of the Lease, adjusted pursuant to Article 3 of the Lease. Basic Term. The period commencing at the beginning of the day on the Delivery Date and ending at the end of the day on July 15, 2023, or such earlier date on which the Lease shall be terminated as provided therein.