Rent Clause Example with 14 Variations from Business Contracts
This page contains Rent clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Rent. 4.01 Tenant shall pay Landlord, without any setoff or deduction, unless expressly set forth in this Lease, all Base Rent and Additional Rent due for the Term (collectively referred to 5 as "Rent"). "Additional Rent" means all sums (exclusive of Base Rent) that Tenant is required to pay Landlord under this Lease. Tenant shall pay and be liable for all rental, sales and use taxes (but excluding income taxes), if any, imposed upon or measured by Rent. Base Rent and recurring monthly charges of Addi...tional Rent shall be due and payable in advance on the first day of each calendar month without notice or demand, provided that the installment of Base Rent for the seventh full calendar month of the Term shall be payable upon the execution of this Lease by Tenant. All other items of Rent shall be due and payable by Tenant on or before 30 days after billing by Landlord. Rent shall be made payable to the entity, and sent to the address, Landlord designates and shall be made by good and sufficient check payable in United States of America currency or by other means acceptable to Landlord. If Tenant does not pay any Rent when due hereunder, Tenant shall pay Landlord an administration fee in the amount of $250.00, provided that Tenant shall be entitled to a grace period of up to 5 Business Days for the first 2 late payments of Rent in a calendar year. In addition, past due Rent shall accrue interest at 10% per annum, and Tenant shall pay Landlord a reasonable fee for any checks returned by Tenant's bank for any reason. Landlord's acceptance of less than the correct amount of Rent shall be considered a payment on account of the oldest obligation due from Tenant hereunder, then to any current Rent then due hereunder, notwithstanding any statement to the contrary contained on or accompanying any such payment from Tenant. Rent for any partial month during the Term shall be prorated. No endorsement or statement on a check or letter accompanying payment shall be considered an accord and satisfaction. Tenant's covenant to pay Rent is independent of every other covenant in this Lease. 4.02 Tenant shall pay Tenant's Pro Rata Share of Taxes and Expenses in accordance with Exhibit B of this Lease.View More
Variations of a "Rent" Clause from Business Contracts
Rent. 4.01 Base Rent and Additional Rent. During the Term (but subject to the following subparagraph of this Section 4.01), Tenant shall hereby covenants and agrees to pay to Landlord, without any setoff or deduction, unless deduction (except to the extent expressly set forth in this Lease, Lease), (a) all Base Rent (as provided in Section 1), (b) Tenant's Proportionate Share of the Expenses and Taxes (as provided in Exhibit B attached hereto), and (c) all other Additional Rent due for the Term (colle...ctively referred to 5 as "Rent"). "Additional Rent" means all sums (exclusive of Base Rent) that Tenant is required to pay to Landlord from time to time under this Lease. Notwithstanding the foregoing, provided that Tenant is not then in Default beyond any applicable notice and cure period under the Lease, Landlord agrees to waive payment of the monthly amounts of Base Rent for the period commencing on the Term Commencement Date and ending on the date immediately preceding the Rent Commencement Date set forth in Section 1 (the "Base Rent Waiver Period"). In the event that the Base Rent Waiver Period does not end on the last day of a calendar month, then on the first day of the calendar month in which the Base Rent Waiver Period expires, Tenant shall pay to Landlord the amount of the Base Rent for the portion of the calendar month that follows the last day of the Base Rent Waiver Period, pro-rated on a per diem basis. For purposes of clarification of the foregoing, if the Term Commencement Date is January 15, 2021, provided that Tenant is not then in Default beyond any applicable notice and cure period under the Lease, the Base Rent Waiver Period would be liable the period between January 15, 2021 and April 14, 2021, Tenant would be responsible for all rental, sales paying to Landlord Base Rent in the amount of $77,474.13 on April 1, 2021, and use taxes (but excluding income taxes), if any, imposed upon or measured by Rent. commencing on May 1, 2021, Base Rent would be due and payable at the times and in the manner set forth in this Lease. 4.02 Manner and Timing of Payments. Base Rent and other recurring monthly charges of Additional Rent shall be due and payable in advance on the first day of each calendar month without notice or demand, provided that the installment of Base Rent for the seventh full calendar month of the Term shall be payable upon the execution of this Lease by Tenant. demand. All other items of Rent shall be due and payable by Tenant on or before 30 within thirty (30) days after billing by Landlord. Tenant's receipt of a reasonably detailed invoice thereof. Rent shall be made payable to the entity, and sent to the address, that Landlord from time to time designates for such purposes and shall be made paid by 5 Tenant by good and sufficient check payable in United States of America currency or by other means acceptable electronic or wire transfer to an account from time to time designated by Landlord. If Tenant does not pay any Rent when due hereunder, Tenant shall pay Landlord an administration fee in the amount of $250.00, provided that Tenant shall be entitled to a grace period of up to 5 Business Days for the first 2 late payments of Rent in a calendar year. In addition, past due Rent shall accrue interest at 10% per annum, and Tenant shall pay Landlord a reasonable fee for any checks returned by Tenant's bank for any reason. Landlord's acceptance of less than the correct entire amount of Rent shall be considered considered, unless otherwise specified by Landlord, a payment on account of the oldest obligation due from Tenant hereunder, then to any current Rent then due hereunder, notwithstanding any statement to the contrary contained on or accompanying any such payment from Tenant. Rent for any partial month during the Term shall be prorated. prorated on a per diem basis. Tenant shall pay and be liable for all rental, sales and use taxes (but excluding income taxes), if any, imposed upon or measured by Rent. No endorsement or statement on a check or letter accompanying payment shall be considered an accord and satisfaction. Tenant's covenant to pay Rent is independent of every other covenant in this Lease. 4.02 Tenant shall pay Tenant's Pro Rata Share of Taxes and Expenses in accordance with Exhibit B of this Lease.View More
Rent. 4.01 A. Payments. As consideration for this Lease, Tenant shall pay Landlord, without any notice, setoff or deduction, unless expressly set forth in this Lease, all the total amount of Base Rent and Additional Rent due for the Term (collectively referred to 5 as "Rent"). Term. "Additional Rent" means all sums (exclusive of Base Rent) that Tenant is required to pay Landlord under this Lease. Lease, including without limitation amounts in respect of Taxes and Expenses (each as defined on Exhibit E...). Additional Rent and Base Rent are collectively referred herein to as "Rent". Tenant shall pay and be liable for all rental, sales and use taxes (but excluding income taxes), if any, imposed upon or measured by Rent. Rent under applicable Law. Base Rent and recurring monthly charges of Additional Rent shall be due and payable in advance on the first day of each calendar month during the Term without notice or demand, provided that the installment of Base Rent for the seventh fifth full calendar month (subject to Abated Base Rent defined in Section 4.C. below) of the Term shall be payable upon within ten (10) days of the mutual execution of this Lease by Landlord and Tenant. All other items of Rent shall be due and payable by Tenant on or before 30 days after billing by Landlord. Landlord, or such longer period as may be set forth herein. All payments of Rent shall be made payable to the entity, and sent to the address, Landlord designates and shall be made by good and sufficient check payable in United States of America currency or by other means (such as automatic debit or electronic transfer) acceptable to Landlord. If Tenant does not fails to pay any item or installment of Rent when due hereunder, due, Tenant shall pay Landlord an administration fee equal to 5% of the past due Rent; provided, however, that the foregoing late charge shall not apply to the first such late payment in any twelve- (12) month period of the amount Term of $250.00, provided that this Lease or any extension thereto until following written notice to Tenant and the expiration of five (5) days thereafter without cure. If the Term commences on a day other than the first day of a calendar month or terminates on a day other than the last day of a calendar month, the monthly Base Rent and Tenant's Share of Expenses (defined in Exhibit E attached hereto) and Taxes (defined in Exhibit E attached hereto) for the month shall be entitled to a grace period prorated based on the number of up to 5 Business Days for the first 2 late payments of Rent days in a such calendar year. In addition, past due Rent shall accrue interest at 10% per annum, and Tenant shall pay Landlord a reasonable fee for any checks returned by Tenant's bank for any reason. month. Landlord's acceptance of less than the correct amount of Rent shall be considered a payment on account of the oldest obligation due from Tenant hereunder, then to any current earliest Rent then due hereunder, notwithstanding any statement to the contrary contained on or accompanying any such payment from Tenant. Rent for any partial month during the Term shall be prorated. due. No endorsement or statement on a check or letter accompanying a check or payment shall be considered an accord and satisfaction. satisfaction, and either party may accept the check or payment without prejudice to that party's right to recover the balance or pursue other available remedies. Tenant's covenant to pay Rent is independent of every other covenant in this Lease. 4.02 B. Payment of Tenant's Share of Expenses and Taxes. Tenant shall pay Tenant's Pro Rata Share of the total amount of Expenses and Taxes and Expenses for each calendar year during the Term in accordance with Exhibit B E hereto. 4 C. Abated Base Rent. Notwithstanding anything in this Lease to the contrary, so long as Tenant is not in default under this Lease, Tenant shall be entitled to an abatement of Base Rent with respect to the Premises, as originally described in this Lease, in the amount of $223,025.95 per month for the first 4 full calendar months following the Commencement Date (the "Abatement Period"). The maximum total amount of Abated Base Rent abated with respect to the Premises in accordance with the foregoing shall equal $892,103.80 (the "Abated Base Rent"). If Tenant defaults under this Lease at any time during the Abatement Period and fails to cure such default within any applicable cure period under this Lease, then Tenant shall forfeit the benefit of the Abatement, and shall pay to Landlord on the first calendar day of the month following Tenant's default the portion, if any, of the Abated Base Rent applicable to the period between the Commencement Date and the date of such payment. Thereafter Tenant shall pay Base Rent to Landlord in accordance with Section 4.A as if the Abatement had never been granted.. Only Base Rent shall be abated pursuant to this Section, as more particularly described herein, and Tenant's Monthly Expense and Tax Payment and all other Rent and other costs and charges specified in this Lease shall remain as due and payable pursuant to the provisions of this Lease. View More
Rent. 4.01 Base Rent and Additional Rent. During the Term (but subject to following subparagraph of this Section 4.01 below), Tenant shall hereby covenants and agrees to pay to Landlord, without any setoff or deduction, unless deduction (except to the extent expressly set forth in this Lease, Lease), (a) all Base Rent (as provided in Section 1), (b) Tenant's Proportionate Share of Expenses and Taxes (as provided in Exhibit B attached hereto), and (c) all other Additional Rent due for the Term (collect...ively referred to 5 as "Rent"). "Additional Rent" means all sums (exclusive of Base Rent) that Tenant is required to pay to Landlord from time to time under this Lease. Notwithstanding the foregoing, Landlord agrees to waive payment of the monthly amounts of (i) Base Rent and (ii) Additional Rent for Tenant's Proportionate Share of Expenses and Taxes for the original Premises for the period commencing on the Term Commencement Date and ending on the date immediately preceding the Rent Commencement Date set forth in Section 1 (the "Rent Waiver Period"). In the event that the Rent Waiver Period does not end on the last day of a calendar month, then on the first day of the calendar month in which the Rent Waiver Period expires, Tenant shall pay and be liable for all rental, sales and use taxes (but excluding income taxes), if any, imposed upon or measured by Rent. to Landlord the amount of the Base Rent and Additional Rent for the portion of the calendar month that follows the last day of the Rent Waiver Period, pro-rated on a per diem basis. 4.02 Manner and Timing of Payments. Base Rent and other recurring monthly charges of Additional Rent shall be due and payable in advance on the first day of each calendar month without notice or demand, provided that the installment of Base Rent for the seventh full calendar month of the Term shall be payable upon the execution of this Lease by Tenant. demand. All other items of Rent shall be due and payable by Tenant on or before 30 within thirty (30) days after billing by Landlord. Rent shall be made payable to the entity, and sent to the address, address provided in this Lease or at such other place that Landlord from time to time designates in writing for such purposes and shall be made paid by Tenant by good and sufficient check payable in United States of America currency or by other means acceptable electronic or wire transfer to an account from time to time designated in writing by Landlord. If Tenant does not pay any Rent when due hereunder, Tenant shall pay Landlord an administration fee in the amount of $250.00, provided that Tenant shall be entitled to a grace period of up to 5 Business Days for the first 2 late payments of Rent in a calendar year. In addition, past due Rent shall accrue interest at 10% per annum, and Tenant shall pay Landlord a reasonable fee for any checks returned by Tenant's bank for any reason. Landlord's acceptance of less than the correct entire amount of Rent shall be considered considered, unless otherwise specified by Landlord, a payment on account of the oldest obligation due from Tenant hereunder, then to any current Rent then due hereunder, notwithstanding any statement to the contrary contained on or accompanying any such payment from Tenant. Rent for any partial month during the Term shall be prorated. prorated on a per diem basis. Tenant shall pay and be liable for all rental, sales and use taxes (but excluding income taxes), if any, imposed upon or measured by Rent. No endorsement or statement on a check or letter accompanying payment shall be considered an accord and satisfaction. Tenant's covenant to pay Rent is independent of every other covenant in this Lease. 4.02 Tenant shall pay Tenant's Pro Rata Share of Taxes and Expenses in accordance with Exhibit B of this Lease.View More
Rent. 4.01 A. Payments. As consideration for this Lease, Tenant shall pay Landlord, without any notice, setoff or deduction, unless expressly set forth in this Lease, all the total amount of Base Rent and Additional Rent due for the Term (collectively referred to 5 as "Rent"). Term. "Additional Rent" means all sums (exclusive of Base Rent) that Tenant is required to pay Landlord under this Lease. Additional Rent and Base Rent are sometimes collectively referred herein to as "Rent". Tenant shall pay an...d be liable for all rental, sales and use taxes (but excluding income taxes), if any, imposed upon or measured by Rent. Rent under applicable Law. Commencing on the applicable Commencement Date, Base Rent and recurring monthly charges of Additional Rent shall be due and payable in advance on the first day of each calendar month 6 without notice or demand, provided that the installment of Base Rent and Tenant's Monthly Expense and Tax Payment (defined in Section 1.E. above) for the seventh first full calendar month of the Term shall be payable upon the execution of this Lease by Tenant. All other items of Rent shall be due and payable by Tenant on or before 30 days after billing by Landlord. All payments of Rent shall be made payable to the entity, and sent to the address, Landlord designates and shall be made by good and sufficient check payable in United States of America currency or by other means (such as automatic debit or electronic transfer) acceptable to Landlord. If Tenant does not fails to pay any item or installment of Rent when due hereunder, due, Tenant shall pay Landlord an administration fee equal to 5% of the past due Rent. If the Term commences on a day other than the first day of a calendar month or terminates on a day other than the last day of a calendar month, the monthly Base Rent and Tenant's Share of Expenses (defined in Section 4.C.) and Taxes (defined in Section 4.D.) for the amount of $250.00, provided that Tenant month shall be entitled to a grace period prorated based on the number of up to 5 Business Days for the first 2 late payments of Rent days in a such calendar year. In addition, past due Rent shall accrue interest at 10% per annum, and Tenant shall pay Landlord a reasonable fee for any checks returned by Tenant's bank for any reason. month. Landlord's acceptance of less than the correct amount of Rent shall be considered a payment on account of the oldest obligation due from Tenant hereunder, then to any current earliest Rent then due hereunder, notwithstanding any statement to the contrary contained on or accompanying any such payment from Tenant. Rent for any partial month during the Term shall be prorated. due. No endorsement or statement on a check or letter accompanying a check or payment shall be considered an accord and satisfaction. satisfaction, and either party may accept the check or payment without prejudice to that party's right to recover the balance or pursue other available remedies. Tenant's covenant to pay Rent is independent of every other covenant in this Lease. 4.02 B. Payment of Tenant's Share of Expenses and Taxes. Tenant shall pay Tenant's Pro Rata Share of the total amount of Expenses and Taxes and Expenses for each calendar year during the Term in accordance with Exhibit B of this Lease. E hereto. View More
Rent. 4.01 Base Rent and Additional Rent. During the Term (but subject to the following subparagraph of this Section 4.01), Tenant shall hereby covenants and agrees to pay to Landlord, without any setoff or deduction, unless deduction (except to the extent expressly set forth in this Lease, Lease), (a) all Base Rent (as provided in Section 1), (b) Tenant's Proportionate Share of the Expenses and Taxes (as provided in Exhibit B attached hereto), and (c) all other Additional Rent due for the Term (colle...ctively referred to 5 as "Rent"). "Additional Rent" means all sums (exclusive of Base Rent) that Tenant is required to pay to Landlord from time to time under this Lease. Tenant shall pay 5 4.02 Manner and be liable for all rental, sales and use taxes (but excluding income taxes), if any, imposed upon or measured by Rent. Timing of Payments. Base Rent and other recurring monthly charges of Additional Rent shall be due and payable in advance on the first day of each calendar month without notice or demand, provided that the installment of Base Rent for the seventh full calendar month of the Term shall be payable upon the execution of this Lease by Tenant. demand. All other items of Rent shall be due and payable by Tenant on or before 30 within thirty (30) days after billing by Landlord. Tenant's receipt of a reasonably detailed invoice thereof. Rent shall be made payable to the entity, and sent to the address, that Landlord from time to time designates for such purposes and shall be made paid by Tenant by good and sufficient check payable in United States of America currency or by other means acceptable electronic or wire transfer to an account from time to time designated by Landlord. If Tenant does not pay any Rent when due hereunder, Tenant shall pay Landlord an administration fee in the amount of $250.00, provided that Tenant shall be entitled to a grace period of up to 5 Business Days for the first 2 late payments of Rent in a calendar year. In addition, past due Rent shall accrue interest at 10% per annum, and Tenant shall pay Landlord a reasonable fee for any checks returned by Tenant's bank for any reason. Landlord's acceptance of less than the correct entire amount of Rent shall be considered considered, unless otherwise specified by Landlord, a payment on account of the oldest obligation due from Tenant hereunder, then to any current Rent then due hereunder, notwithstanding any statement to the contrary contained on or accompanying any such payment from Tenant. Rent for any partial month during the Term shall be prorated. prorated on a per diem basis. Tenant shall pay and be liable for all rental, sales and use taxes (but excluding income taxes), if any, imposed upon or measured by Rent. No endorsement or statement on a check or letter accompanying payment shall be considered an accord and satisfaction. Tenant's covenant to pay Rent is independent of every other covenant in this Lease. 4.02 Tenant shall pay Tenant's Pro Rata Share of Taxes and Expenses in accordance with Exhibit B of this Lease.View More
Rent. 4.01 4.1 Base Rent and Additional Rent. Tenant shall hereby covenants and agrees to pay to Landlord, without any setoff or deduction, unless deduction (except to the extent expressly set forth in this Lease, Lease), (a) all Base Rent (as provided in Section 1), (b) Tenant's Proportionate Share of the Expense Excess and the Tax Excess (as provided in Exhibit B attached hereto), and (c) all other Additional Rent due for the Term (collectively referred to 5 as "Rent"). "Additional Rent" means all s...ums (exclusive of Base Rent) that Tenant is required to pay to Landlord from time to time under this Lease. Tenant shall pay 4.2 Manner and be liable for all rental, sales and use taxes (but excluding income taxes), if any, imposed upon or measured by Rent. Timing of Payments. Base Rent and other recurring monthly charges of Additional Rent shall be due and payable in advance on the first day of each calendar month without notice or demand, provided that the installment of Base Rent for the seventh full calendar month of the Term shall be payable upon the execution of this Lease by Tenant. demand. All other items of Rent shall be due and payable by Tenant on or before 30 within thirty (30) days after billing by Landlord. Rent shall be made payable to the entity, and sent to the address, that Landlord from time to time designates for such purposes and shall be made paid by Tenant by good and sufficient check payable in United States of America currency or by other means acceptable electronic or wire transfer to an account from time to time designated by Landlord. If Tenant does not pay any Rent when due hereunder, Tenant shall pay Landlord an administration fee in the amount of $250.00, provided that Tenant shall be entitled to a grace period of up to 5 Business Days for the first 2 late payments of Rent in a calendar year. In addition, past due Rent shall accrue interest at 10% per annum, and Tenant shall pay Landlord a reasonable fee for any checks returned by Tenant's bank for any reason. Landlord's acceptance of less than the correct entire amount of Rent shall be considered considered, unless otherwise specified by Landlord, a payment on account of the oldest obligation due from Tenant hereunder, then to any current Rent then due hereunder, notwithstanding any statement to the contrary contained on or accompanying any such payment from Tenant. Rent for any partial month during the Term shall be prorated. prorated on a per diem basis. Tenant shall pay and be liable for all rental, sales and use taxes (but excluding income taxes), if any, imposed upon or measured by Rent. No endorsement or statement on a check or letter accompanying payment shall be considered an accord and satisfaction. Tenant's covenant to pay Rent is independent of every other covenant in this Lease. 4.02 Tenant shall pay Tenant's Pro Rata Share of Taxes and Expenses in accordance with Exhibit B of this Lease.View More
Rent. 4.01 Tenant shall pay Landlord, without any setoff or deduction, unless expressly set forth in this Lease, all Base Rent and Additional Rent due for the Term (collectively referred to 5 as "Rent"). "Additional Rent" means all sums (exclusive of Base Rent) that Tenant is required to pay Landlord under this Lease. Tenant shall pay and be liable for all rental, sales and use taxes (but excluding income taxes), if any, imposed upon or measured by Rent. Recurring monthly charges of Base Rent and recu...rring monthly charges of Additional Rent shall be due and payable in advance on the first day of each calendar month without notice or demand, provided that the installment of Base Rent for the seventh full calendar month of the Term shall be payable upon the execution of this Lease by Tenant. demand. All other items of Rent shall be due and payable by Tenant on or before 30 10 days after billing by Landlord. Rent shall be made payable to the entity, and sent to the address, Landlord designates and shall be made by good and sufficient check payable in United States of America currency or by wire transfer pursuant to an account designated by Landlord upon request or by other means acceptable to Landlord. If Tenant does not Rent for any partial month during the Term shall be prorated. Tenant's covenant to pay any Rent when due hereunder, is independent of every other covenant in this Lease. 4.02 Tenant shall pay Landlord an administration fee in the amount equal to 5% of $250.00, all past due Rent, provided that Tenant shall be entitled to a grace period of up to 5 Business Days business days for the first 2 late payments payment of Rent in a during each calendar year. year of the Term of this Lease. In addition, past due Rent shall accrue interest at 10% 15% per annum, and Tenant shall pay Landlord a reasonable fee for any checks returned annum but not more than the maximum amount permitted by Tenant's bank for any reason. applicable Law. Landlord's acceptance of less than the correct amount of Rent shall be considered a payment on account of the oldest obligation due from Tenant hereunder, then to any current earliest Rent then due hereunder, notwithstanding any statement to the contrary contained on or accompanying any such payment from Tenant. Rent for any partial month during the Term shall be prorated. due. No endorsement or statement on a check or letter accompanying payment shall be considered an accord and satisfaction. Tenant's covenant 5 4.03 So long as Tenant is not in default under this Lease beyond any applicable notice and cure period, Tenant shall not be obligated to pay Base Rent for the initial two (2) month(s) of the Term following the Commencement Date together with the twenty- fifth (25th) month following the Commencement Date; provided, that the prorated amount based on percent of lease completed of such abated Rent shall be immediately due and payable in the event of a Default by Tenant that is independent not cured in the designated period. Upon execution and delivery of every other covenant in this Lease. 4.02 Lease, Tenant shall pay to Landlord the installment of $47,755.62 representing the Security Deposit and the Base Rent and estimated initial monthly operating expenses for the first paid month of the Term after the Commencement Date. 4.04 Commencing as of the Commencement Date, Tenant shall pay Tenant's Pro Rata Proportionate Share of Taxes and Operating Expenses in accordance with Exhibit B E of this Lease. View More
Rent. 4.01 4.1 Tenant shall pay Landlord, without any setoff or deduction, unless expressly set forth in this Lease, all Base Rent and Additional Rent due for the Term (collectively referred to 5 as "Rent"). "Additional Rent" means all sums (exclusive of Base Rent) that Tenant is required to pay Landlord under this Lease. Tenant shall pay and be liable for all rental, sales and use taxes (but excluding income taxes), if any, imposed upon or measured by Rent. Lease, including electricity as discussed h...ereinbelow. Base Rent and recurring monthly charges of Additional Rent shall be due and payable in advance on the first day of each calendar month without notice or demand, provided that the installment of Base Rent for the seventh first full calendar month of the Term for which a payment is due, shall be payable upon the execution of this Lease by Tenant. All other items of Rent shall be due and payable by Tenant on or before 30 thirty (30) days after billing by Landlord. Rent shall be made payable to the entity, and sent to the address, Landlord designates and shall be made by good and sufficient check payable in United States of America currency or by other means acceptable to Landlord. If Tenant does not pay any Rent when due hereunder, Tenant shall pay Landlord an administration fee in the amount equal to five percent (5%) of $250.00, provided that Tenant shall be entitled to a grace period of up to 5 Business Days for the first 2 late payments of all Rent in a calendar year. past due by greater than Ten (10) ten days. In addition, past due Rent shall accrue interest at 10% twelve percent (12%) per annum, and Tenant shall pay Landlord a reasonable fee for any checks returned by Tenant's bank for any reason. annum from the date that is Ten (10) days after the due date until actually paid. Landlord's acceptance of less than the correct amount of Rent shall be considered a payment on account of the oldest obligation due from Tenant hereunder, then to any current earliest Rent then due hereunder, notwithstanding any statement to the contrary contained on or accompanying any such payment from Tenant. due. Rent for any partial month during the Term shall be prorated. No endorsement or statement on a check or letter accompanying payment shall be considered an accord and satisfaction. Tenant's covenant to pay Rent is independent of every other covenant in this Lease. 4.02 4.2 Tenant shall pay Tenant's Pro Rata Share of Taxes and Expenses in accordance with Exhibit B of to this Lease. View More
Rent. 4.01 Tenant shall pay Landlord, without any setoff or deduction, unless expressly set forth in this Lease, all Base Rent and Additional Rent (as hereinafter defined) due for the Term (collectively referred to 5 as "Rent"). Base Rent shall commence on the Commencement Date, subject to the Base Rent Abatement Periods. Anything herein to the contrary notwithstanding, an amount equal to the first full monthly installment of Base Rent, which shall be applied toward the seventh (7th) month of the Term..., plus any fraction of a monthly payment for any portion of a month at the commencement of the Term, shall be due and payable together with the Security Deposit (as defined herein) upon the execution hereof. Landlord's receipt of the foregoing payments shall be a condition precedent to the effectiveness of this Lease. All Additional Rent shall commence on the Commencement Date except as expressly provided otherwise. "Additional Rent" means all sums (exclusive of Base Rent) that Tenant is required to pay Landlord under this Lease. Tenant shall pay and be liable for all rental, sales and use taxes (but excluding income taxes), if any, imposed upon or measured by Rent. Base Rent and recurring monthly charges of Additional Rent shall be due and payable in advance on the first day of each calendar month without notice or demand, provided that demand. Unless otherwise specified herein to the installment of Base Rent for the seventh full calendar month of the Term shall be payable upon the execution of this Lease by Tenant. All contrary, all other items of Rent shall be due and payable by Tenant on or before 30 thirty (30) days after billing by Landlord. Rent shall be made payable to the entity, and sent to the address, Landlord otherwise designates and shall be made by good and sufficient check payable in United States of America currency drawn on a local bank or by other means acceptable to Landlord. If Tenant does not pay any Rent when due hereunder, Tenant shall pay Landlord an administration fee in the amount equal to five percent (5%) of $250.00, all past due Rent, provided that Tenant shall be entitled to a grace period of up to 5 Business Days five (5) days for the first 2 two (2) late payments of Rent in a calendar year. In addition, past due Rent shall accrue interest at 10% twelve percent (12%) per annum, and Tenant shall pay Landlord a reasonable fee for any checks returned annum or the maximum rate permitted by Tenant's bank for any reason. law, whichever is less. Landlord's acceptance of less than the correct amount of Rent shall be considered a payment on account of the oldest obligation due from Tenant hereunder, then to any current earliest Rent then due hereunder, notwithstanding any statement to the contrary contained on or accompanying any such payment from Tenant. due. Rent for any partial month during the Term shall be prorated. No endorsement or statement on a check or letter accompanying payment shall be considered an accord and satisfaction. Tenant's covenant to pay Rent is independent of every other covenant in this Lease. 4.02 Tenant shall pay Tenant's Pro Rata Share of Taxes and Expenses in accordance with Exhibit B of this Lease. View More
Rent. 4.01 From and after the Rent Commencement Date, Tenant shall and hereby covenants to pay to Landlord, without any setoff or deduction, unless expressly set forth in this Lease, all Base Rent and Additional Rent (as defined below) due for the Term (collectively referred to 5 as "Rent"). "Additional Rent" means all sums (exclusive of Base Rent) that Tenant is required to pay Landlord under this Lease. Tenant shall pay and be liable for all rental, sales and use taxes (but excluding income taxes), ...if any, imposed upon or measured by Rent. Base Rent and recurring monthly charges of Additional Rent shall be due and payable in advance on the first (1st) day of each calendar month without notice or demand, provided that the installment of Base Rent for the seventh full calendar month of the Term shall be payable upon the execution of this Lease by Tenant. demand. All other items of Rent shall be due and payable by Tenant on or before 30 thirty (30) days after billing by Landlord. Rent shall be made payable to the entity, entity and sent to the address, address that Landlord designates and shall be made by good and sufficient check payable in United States of America currency or by other means acceptable designated by Landlord from time to Landlord. time. If Tenant does not pay any Rent when due hereunder, Tenant shall pay Landlord an administration fee in the amount of $250.00, provided that $500.00; provided, that, Tenant shall be entitled to a grace period of up to 5 Business Days five (5) days for the first 2 two (2) late payments of Rent in a calendar year. In addition, past due Rent not paid within five (5) days of when due shall accrue interest at 10% the rate of five percent (5%) per annum, and Tenant shall pay Landlord a reasonable fee for any checks returned by Tenant's bank for any reason. Nothing in this paragraph shall be deemed to waive or condition any claim of Default (as defined below) by Landlord for Tenant's failure to timely pay Rent, which is governed by Article 18, below. Landlord's acceptance of less than the correct amount of Rent shall be considered a payment on account of the oldest obligation due from Tenant hereunder, then to any current Rent then due hereunder, notwithstanding any statement to the contrary contained on or accompanying any such payment from Tenant. Rent for any partial month during the Term shall be prorated. prorated on a per diem basis. No endorsement or statement on a check or letter accompanying payment shall be considered an accord and satisfaction. Tenant's covenant obligation so to pay Rent is under this Lease shall be absolute, unconditional, and independent of every and shall not be discharged or otherwise affected by any law or regulation now or hereafter applicable to the Premises, or any other covenant restriction on Tenant's use or, except as expressly provided in this Lease. Lease, any Casualty or Taking (as such terms are defined in Articles 15 and 17 below, respectively), or, except as expressly provided in this Lease, any failure by Landlord to perform or other occurrence, and Tenant waives all rights now or hereafter existing to terminate, quit or surrender this Lease or the Premises or any part thereof or to assert any defense in the nature of constructive eviction to any action seeking to recover Rent. 10 4.02 Tenant shall pay Tenant's Pro Rata Share of Taxes Expense Excess and Expenses Tax Excess in accordance with Exhibit B of this Lease. View More
