1997 007 Ordinance - Laserfiche WebLink

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~ yearly installments of fifty-One Thousand Nine Hundred Fifty-Six Dollars ($51,956.00) each. Tenant shall pay any yearly install- ment of rent on the successive annual anniversaries of the Commencement Date hereof. Any partial year (i.e., from the Effective Date of the Tower Lease or GT1; Tower Lease to the immediately subsequent Commencement Date anniversary) shall be prorated and the balance of. rent due and owing steal]. be paid by Tenant to Landlord on the Effective Date of the Tower Lease or GTE Tower Lease. C. IN `.CI[E EVENT TENAN`i' AND TWO O`I'IiER SUBLESSEE OPERATORS ARF ON THE TOWI'R (i e GTE AND AMF,RITECII) RLN`i' SIiALL I3E AS FOLLOWS: In the event, at any time during the term of this Lease, the Tower Lease and t}~e GTE Tower Lease are both effective ,_. pursuant to its terms, ("Effective Date"), the rental due and owing by Tenant to Landlord shall be as follows: (i) In the event the Effective Date of both the Tower Lease and GTE Tower Lease occurs during t11e first five (5) years of the initial thirty-1.'ive (35) year- Term of this ],easo, the~rent to be paid by Tenant to Landlord shall be in equal yearly installments of Twenty-Two Thousand Eight IIundred Dollars ($22,800.00) each. Tenant shall pay any yearly installment of rent on the successive annual anniversaries of the Commencement Date hereof. Any partial year (i.e., from the later of the Effective Date of tl~e Tower Lease and GTE Tower Lease ("Later Date") to tl~e immediately subsequent Commencement Date anniversa- ry) shall be prorated ar~d the balance of rent due and owing shall be paid by Tenant to Landlord on the Later_ Date. (i.i) In the event the Iffective Date of both the Tower Lease and GTL Tower Lease occurs dr.u-ing t:he second five (5) years of tiro initial th.i.rty-five (35) ye~.~r. Term of ttlis Lease, the rent to be paid by Tenant to Landlord shall be in equal yearly installments of Twenty-Seven Thousand Three Hundred Sixty 7.