Common use of Adjustment of Base Rent Clause in Contracts

Adjustment of Base Rent. Lessor and Lessee hereby agree that §51(a) of the Lease, as amended, shall be replaced with the following Base Rent Schedule (the “Base Rent Schedule”): June 1, 2011 June 1, 2011 - January 31, 2012 126,715 SF x $0.89 SF/NNN $ 112,776.00 February 1, 2012 February 1, 2012 - January 31, 2013 126,715 SF x $1.06 SF/NNN $ 134,318.00 February 1, 2013 February 1, 2013 - January 31, 2014 126,715 SF x $1.11 SF/NNN $ 140,654.00 February 1, 2014 February 1, 2014 - January 31, 2015 126,715 SF x $1.17 SF/NNN $ 148,257.00 February 1, 2015 February 1, 2015 - January 31, 2016 126,715 SF x $1.21 SF/NNN $ 153,325.00 February 1, 2016 February 1, 2016 - January 31, 2017 126,715 SF x $1.25 SF/NNN $ 158,394.00 February 1, 2017 February 1, 2017 - January 31, 2018 126,715 SF x $1.28 SF/NNN $ 162,195.00 February 1, 2018 February 1, 2018 - January 31, 2019 126,715 SF x $1.32 SF/NNN $ 167,264.00 February 1, 2019 February 1, 2019 - January 31, 2020 126,715 SF x $1.36 SF/NNN $ 172,332.00 February 1, 2020 February 1, 2020 - July 31, 2021 126,715 SF x $1.40 SF/NNN $ 177,401.00 February 1, 2021 February 1, 2021 - July 31, 2022 126,715 SF x $1.44 SF/NNN $ 182,470.00 February 1, 2022 February 1, 2022 - July 31, 2023 126,715 SF x $1.48 SF/NNN $ 187,538.00 February 1, 2023 February 1, 2023 - July 31, 2024 126,715 SF x $1.52 SF/NNN $ 192,607.00

Appears in 1 contract

Samples: AutoGenomics, Inc.

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Adjustment of Base Rent. Lessor and Lessee hereby agree that §51(a) of the Lease, as amended, shall be replaced with the following Base Rent Schedule (the “Base Rent Schedule”): June 1, 2011 June 1, 2011 - January 31, 2012 126,715 SF x $0.89 SF/NNN $ 112,776.00 February 1, 2012 February 1, 2012 - January 31, 2013 126,715 SF x $1.06 SF/NNN $ 134,318.00 February 1, 2013 February 1, 2013 - January 31, 2014 126,715 SF x $1.11 1.16 SF/NNN $ 140,654.00 146,989.40 February 1, 2014 February 1, 2014 - January 31, 2015 126,715 SF x $1.17 SF/NNN $ 148,257.00 February 1, 2015 February 1, 2015 - January 31, 2016 126,715 SF x $1.21 SF/NNN $ 153,325.00 153,325.15 February 1, 2015 – January 31, 2016 126,715 SF x $1.27 SF/NNN $ 160,928.05 February 1, 2016 February 1, 2016 - January 31, 2017 126,715 SF x $1.25 1.35 SF/NNN $ 158,394.00 171,065.25 February 1, 2017 February 1, 2017 - January 31, 2018 126,715 SF x $1.28 1.38 SF/NNN $ 162,195.00 174,866.70 February 1, 2018 February 1, 2018 - January 31, 2019 126,715 SF x $1.32 1.42 SF/NNN $ 167,264.00 179,935.30 February 1, 2019 February 1, 2019 - January 31, 2020 126,715 SF x $1.36 1.46 SF/NNN $ 172,332.00 185,003.90 February 1, 2020 February 1, 2020 - July – January 31, 2021 126,715 SF x $1.40 1.50 SF/NNN $ 177,401.00 190,072.50 February 1, 2021 February 1, 2021 - July – January 31, 2022 126,715 SF x $1.44 1.55 SF/NNN $ 182,470.00 196,408.25 February 1, 2022 February 1, 2022 - July – January 31, 2023 126,715 SF x $1.48 1.60 SF/NNN $ 187,538.00 202,774.00 February 1, 2023 February 1, 2023 - July – January 31, 2024 126,715 SF x $1.52 1.65 SF/NNN $ 192,607.00209,079.75 February 1, 2024 – January 31, 2025 126,715 SF x $1.70 SF/NNN $ 215.415.50 February 1, 2025 – January 31, 2026 126,715 SF x $1.75 SF/NNN $ 221,751.25 February 1, 2026 – January 31, 2027 126,715 SF x $1.80 SF/NNN $ 228,087.00 February 1, 2027 – January 31, 2028 126,715 SF x $1.85 SF/NNN $ 234,422,75 February 1, 2028 – January 31, 2029 126,715 SF x $1.90 SF/NNN $ 240,758.50 February 1, 2029 – December 31, 2029 126,715 SF x $1.95 SF/NNN $ 247,094.25 38. Accrual of Interest on Outstanding Amount. From and after the date hereof, the Outstanding Amount shall accrue interest and fees each as set forth in the Lease, as amended hereby. Any interest or fees so accrued shall be added to and included in the Outstanding Amount for all purposes hereunder.

Appears in 1 contract

Samples: AutoGenomics, Inc.

Adjustment of Base Rent. Lessor and Lessee hereby agree that §51(a) of the Lease, as amended, shall be replaced with the following Base Rent Schedule (the “Base Rent Schedule”): : June 1, 2011 June 1, 2011 - January 31, 2012 126,715 SF x $0.89 SF/NNN $ 112,776.00 112,776 February 1, 2012 February 1, 2012 - January 31, 2013 126,715 SF x $0.94 SF/NNN $ 119,112 February 1, 2013 February 1, 2013 – January 31, 2014 126,715 SF x $1.01 SF/NNN $ 127,982 February 1, 2014 February 1, 2014 – January 31, 2015 126,715 SF x $1.06 SF/NNN $ 134,318.00 February 1, 2013 February 1, 2013 - January 31, 2014 126,715 SF x $1.11 SF/NNN $ 140,654.00 February 1, 2014 February 1, 2014 - January 31, 2015 126,715 SF x $1.17 SF/NNN $ 148,257.00 134,318 February 1, 2015 February 1, 2015 - January 31, 2016 126,715 SF x $1.21 1.12 SF/NNN $ 153,325.00 141,921 February 1, 2016 February 1, 2016 - January 31, 2017 126,715 SF x $1.25 1.16 SF/NNN $ 158,394.00 146,989 February 1, 2017 February 1, 2017 - January 31, 2018 126,715 SF x $1.28 1.20 SF/NNN $ 162,195.00 152,058 February 1, 2018 February 1, 2018 - January 31, 2019 126,715 SF x $1.32 1.23 SF/NNN $ 167,264.00 155,859 February 1, 2019 February 1, 2019 - January 31, 2020 126,715 SF x $1.36 1.27 SF/NNN $ 172,332.00 160,928 February 1, 2020 February 1, 2020 - July 31, 2021 126,715 SF x $1.40 131 SF/NNN $ 177,401.00 February 1, 2021 February 1, 2021 - July 31, 2022 126,715 SF x $1.44 SF/NNN $ 182,470.00 February 1, 2022 February 1, 2022 - July 31, 2023 126,715 SF x $1.48 SF/NNN $ 187,538.00 February 1, 2023 February 1, 2023 - July 31, 2024 126,715 SF x $1.52 SF/NNN $ 192,607.00165,997

Appears in 1 contract

Samples: AutoGenomics, Inc.

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Adjustment of Base Rent. Lessor and Lessee hereby agree that §51(a) of the Lease, as amended, amended shall be replaced with the following Base Rent Schedule (the “Base Rent Schedule”): June 1, 2011 June 1, 2011 - January 31, 2012 126,715 SF x $0.89 SF/NNN $ 112,776.00 February 1, 2012 February 1, 2012 - January 31, 2013 126,715 SF x $1.06 SF/NNN $ 134,318.00 February 1, 2013 February 1, 2013 - January 31, 2014 126,715 SF x $1.11 SF/NNN $ 140,654.00 February 1, 2014 February 1, 2014 - January 31, 2015 126,715 SF x $1.17 1.16 SF/NNN $ 148,257.00 146,989.00 February 1, 2015 February 1, 2015 - January 31, 2016 126,715 SF x $1.21 1.22 SF/NNN $ 153,325.00 154,592.00 February 1, 2016 February 1, 2016 - January 31, 2017 126,715 SF x $1.25 1.30 SF/NNN $ 158,394.00 164,730.00 February 1, 2017 February 1, 2017 - January 31, 2018 126,715 SF x $1.28 1.33 SF/NNN $ 162,195.00 168,531.00 February 1, 2018 February 1, 2018 - January 31, 2019 126,715 SF x $1.32 1.37 SF/NNN $ 167,264.00 173,600.00 February 1, 2019 February 1, 2019 - January 31, 2020 126,715 SF x $1.36 1.41 SF/NNN $ 172,332.00 178,668.00 February 1, 2020 February 1, 2020 - July – January 31, 2021 126,715 SF x $1.40 1.45 SF/NNN $ 177,401.00 183,737.00 February 1, 2021 February 1, 2021 - July – January 31, 2022 126,715 SF x $1.44 1.45 SF/NNN $ 182,470.00 183,737.00 February 1, 2022 February 1, 2022 - July – January 31, 2023 126,715 SF x $1.48 1.49 SF/NNN $ 187,538.00 188,805.00 February 1, 2023 February 1, 2023 - July – January 31, 2024 126,715 SF x $1.52 1.53 SF/NNN $ 192,607.00193,874.00 February 1, 2024 – January 31, 2025 126,715 SF x $1.58 SF/NNN $ 200,210.00 February 1, 2025 – July 31, 2025 126,715 SF x $1.61 SF/NNN $ 204,011.00

Appears in 1 contract

Samples: AutoGenomics, Inc.

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