Minimum Annual Rent. Tenant agrees to pay to Landlord the Minimum Annual Rent in equal monthly installments in the amount set forth in Section 1(d) (as increased at the beginning of each lease year as set forth in Section 1(d)), in advance, on the first day of each calendar month during the Term, without notice, demand or setoff, at Landlord's address designated at the beginning of this lease unless Landlord designates otherwise; provided that rent for the first full month shall be paid at the signing of this lease. If the Commencement Date falls on a day other than the first day of a calendar month, the rent shall be apportioned pro rata on a per diem basis for the period from the Commencement Date until the first day of the following calendar month and shall be paid on or before the Commencement Date. As used in this lease, the term "LEASE YEAR" means the period from the Commencement Date through the succeeding 12 full calendar months (including for the first lease year any partial month from the Commencement Date until the first day of the first full calendar month) and each successive 12 month period thereafter during the Term.
Minimum Annual Rent. Tenant shall pay the Minimum Annual Rent set forth in the Indenture in advance, in monthly installments on or before the first (1st) day of each month during the Term, without notice, demand, setoff or deduction; except that the Prepaid Rent set forth in Section 1.17 of the Indenture, if any, shall be paid upon the execution of this Lease by Xxxxxx and shall be applied by Landlord to the payment of Minimum Annual Rent next coming due hereunder.
Minimum Annual Rent. Years 1 - 2 $144,060.00 per year Years 3 - 5 $150,920.04 per year;
Minimum Annual Rent. 3 7. Operation of Property; Payment of Expenses ...............................3 8. Signs ....................................................................4 9. Alterations and Fixtures..................................................5 10. Mechanics' Liens ........................................................5 11. Landlord's Right of Entry.................................................5 12. Damage by Fire or Other Casualty..........................................5 13. Condemnation..............................................................6 14. Non-Abatement of Rent.....................................................6 15.
Minimum Annual Rent. Tenant shall pay as "Minimum Annual Rent" for the Premises the sum of Twelve Dollars ($12.00) per square foot of Floor Area within the Premises, provided that the Minimum Annual Rent shall be adjusted on each yearly anniversary of the Commencement Date occurring during the Term, as the Term may be extended by the Option Term(s) pursuant hereto, if applicable (each such yearly anniversary date referred to herein as an "Adjustment Date"), to equal the product obtained by multiplying the Minimum Annual Rent in effect immediately prior to the applicable Adjustment Date by a fraction, the numerator of which is the "Index" (as hereinafter defined) for the calendar month which is three (3) full calendar months prior to such Adjustment Date and the denominator of which is the Index which is fifteen (15) full calendar months prior to such Adjustment Date; provided, however, that in no event shall any such adjustment result in a decrease in Minimum Annual Rent or in an increase of Minimum Annual Rent in excess of three percent (3%) per annum on a cumulative and compounding basis. For purposes of this Lease, the "Index" shall mean the Consumer Price Index published by the United States Department of Labor, Bureau of Labor Statistics (the "Bureau") "All Items" for All Urban Consumers in the San Xxxxxxxxx-Xxxxxxx-Xxx Xxxx xxxxxxxxxxxx xxxx, (1982-84 = 100). Should the Bureau discontinue the publication of the Index, publish the same less frequently or alter the same in some other manner, the most nearly comparable index or procedure as determined by Landlord shall be substituted therefor. The Minimum Annual Rent as adjusted shall be the Minimum Annual Rent until the next Adjustment Date. Minimum Annual Rent shall be payable in equal monthly installments, in advance, on or before the first (1st) day of each month, without prior demand and without offset or deduction (except as expressly and specifically provided in this Lease), commencing on the Commencement Date. Should the Commencement Date be a day other than the first (1st) day of a calendar month, then the monthly installment of Minimum Annual Rent for the first partial month shall be equal to one-thirtieth (1/30th) of the monthly installment of Minimum Annual Rent for each day from the Commencement Date to the end of the partial month.
Minimum Annual Rent. 8 Section 4.2
Minimum Annual Rent. February 1, 1999 - April 30, 1999 $15,840.00 (3 months) May 1, 1999 - January 31, 2000 $65,340.00 (9 months) February 1, 2000 - January 31, 2002 $87,120.00 per year
Minimum Annual Rent. 3 7. Operation of Property; Payment of Expenses ................................................ 3 8. Signs ..................................................................................... 4 9.
Minimum Annual Rent. The minimum Annual Rent reserved hereunder shall be as specified in Section 1(a)(8) which shall be payable by Tenant to the Landlord during each Lease Year of the Lease Term in twelve (12) equal monthly installments of Basic Monthly Rent each as specified in Section (a)(9), due in advance, without notice or demand, and without set-off, deduction or abatement of any kind, on the first day of every calendar month thereafter during the Term. Rent shall be paid to Landlord (or its agent) as specified in Section 1(a)(18), or to such other persons or at such other address as Landlord may designate from time to time.
Minimum Annual Rent. A Minimum Annual Rent of of Store Floor Area, or per annum (based on the Store Floor Area), payable in equal monthly installments, in advance upon the first day of each and every month commencing upon the Commencement Date and continuing thereafter through and including the last day of the first (1st) Lease Year;
