THE BASE RENT. 4.01 From and after the Commencement Date, Tenant agrees to pay to Landlord, as minimum net rental for the Initial Term and Option Terms of this Lease, the sum(s) set forth in Paragraph 1.01(g) (the "Base Rent").
THE BASE RENT. 3 SECTION 5.
THE BASE RENT. (Annual Amount) set forth on page 1 of the Schedule of Significant Terms for the period 7/1/89 - 7/14/89 is hereinafter amended to read $1,809,063.84 and the sum of $1,688,459.58 is deleted.
THE BASE RENT. 4.01 Tenant agrees to pay to Landlord, as minimum net rental for the original Term of this Lease, the total amount of One Million Three Hundred Forty-Eight Thousand and Ninety-six and no/100 ($1,348,096.00) Dollars in monthly installments as follows: December 1999 through January 2000 $20,792.00 February 2000 through January 2003 $36,292.00
THE BASE RENT. 4.01 Tenant agrees to pay to Landlord, as a minimum net rental for the original Term of this Lease, the total amount of Three Million Either Hundred Seventy-Seven Thousand, Four Hundred Sixty-Seven and 90/100 Dollars ($3,877,467.90), in monthly installments of Twenty-Nine Thousand Three Hundred Twenty Four and 46/100 ($29,324.46) Dollars for months 1-48; Thirty-Two Thousand, Nine Hundred Twenty and 85/100 ($32,920.85) Dollars for months 49-96; and Thirty-Seven Thousand Seventy and 54/100 ($37,070.54) Dollars for months 97-120.
THE BASE RENT under Section 1.13 of the Lease shall be calculated without reference to this Second Amendment until February 8, 1999 and thereafter shall be as follows: February 8, 1999 to January 9, 2000 $48,229 January 10, 2000 to February 7, 2001 $49,780 February 8, 2001 to January 9, 2002 $52,252 January 10, 2002 to February 7, 2003 $53,458 February 8, 2003 to February 9, 2004 $56,133
THE BASE RENT. (a) Tenant shall pay Base Rent for the Premises in the amounts shown in paragraph 7 of the Lease Preamble. All installments of Base Rent are payable as described in paragraph 7 of the Lease Preamble in advance on the first day of each calendar month during the Term as described in paragraph 7 of the Lease Preamble, together with any monthly installments of estimated Tax Rent, Operating Expense Rent, and Capital Expense Rent (collectively "Total Monthly Rent"). If the Commencement Date is not the first day of the calendar month, or the Expiration Date is not the last day of the calendar month, the Total Monthly Rent shall be prorated based on a thirty (30) day month.
THE BASE RENT. Commencement Date contained in Section 1(f) of the Lease is hereby changed to "July 19, 1996".
THE BASE RENT. Commencing with the execution of this Agreement, Tenant agrees to pay to Landlord, Base Rent of Two Thousand Five Hundred Dollars ($2,500) per month, payable in arrears, without demand, on the tenth day of each and every month until the Construction Term comes to an end, plus the first three (3) months of the Initial Term. Tenant will pay the first month's rent in advance at the time of the execution of this Agreement.
THE BASE RENT for the First Extension Term shall be at the greater of (i) the Base Rent at the end of the Original Lease Term or (ii) ninety-five percent (95%) of the then fair rental value for the Leased Premises for the First Extension Term, to be determined as follows: Landlord shall provide Tenant with Landlord's written designation of what it believes ninety-five percent (95%) of the fair rental value to be, indicating the Base Rent to be charged for the First Extension Term, such written designation to be sent to Tenant within thirty (30) days after receipt by Landlord of notice of Tenant's exercise of its option with respect to the First Extension Term. If Tenant disagrees with Landlord's designation and if the parties are otherwise unable to agree upon the fair rental value of the Leased Premises for the First Extension Term, then Tenant may initiate the following arbitration process to determine ninety-five percent (95%) of fair rental value ("Market Rent") by sending written notice thereof to Landlord within thirty (30) days after receipt of Landlord's written designation as to Market Rent. If Tenant fails to initiate this arbitration process as aforesaid, time being of the essence, then Landlord's designation of Market Rent (as set forth in Landlord's notice) shall be conclusive. In order to be effective Tenant's notice to Landlord initiating the arbitration process shall specify the name and address of the person designated to act as an appraiser on its behalf. Within fourteen (14) days after the designation of Tenant's appraiser, Landlord shall give notice to Tenant specifying the name and address of the person designated to act as an appraiser on its behalf. If Landlord fails to notify Tenant of the appointment of its appraiser within the time above specified, then the appointment of the second appraiser shall be made in the same manner as hereinafter provided for the appointment of a third appraiser in a case where two appraisers are appointed hereunder and the parties are unable to agree upon such appointment. The two appraisers so chosen shall meet within ten (10) days after the second appraiser is appointed, and if, within fifteen (15) days after the second appraiser is appointed, the two appraisers shall not agree upon a determination, they shall together appoint a third appraiser. In the event of their being unable to agree upon such appointment within fifteen (15) days after the appointment of the second appraiser, the third appraiser shall be selec...
