Common use of Annual Base Rent and Additional Rent Clause in Contracts

Annual Base Rent and Additional Rent. Subject to the provisions hereof, commencing on the Commencement Date, LESSEE shall pay to LESSOR an Annual Base Rent pursuant to the schedule below during each Lease Year (or portion thereof as the case may be) of the Term hereof, (herein, “Annual Base Rent”). Annual Base Rent shall be payable in advance, in equal monthly installments, due on the first day of each calendar month, pursuant to the schedule below. LESSEE’s first payment of Annual Base Rent for the first month of the first Lease Year shall be due on the Commencement Date. All payments of Annual Base Rent (and any Additional Rent or other sums due LESSOR) shall be made to LESSOR at 000 Xxxxxxxx Xxxxxx, Xxxxxx, Xxxxxxxxxxxxx 00000 or to such other agent or at such other place as LESSOR may designate in writing. The covenants to pay all Annual Base Rent and all Additional Rent hereunder (collectively, “Rent”) shall be independent from any and all other covenants of LESSOR to LESSEE hereunder; and all Rent shall be promptly paid when due stated hereunder. LESSEE shall pay interest from the date due, at annual rate of fourteen (14%) percent of any installments of Annual Base Rent, or Additional Rent or other payments which are not received by LESSOR within ten days after written notice from LESSOR that any such Rent was not received. SCHEDULE OF ANNUAL BASE RENT Lease Year Annual Base Rent Monthly Installment First Lease Year $ 369,005.00 $ 30,750.42 Second Lease Year $ 381,170.00 $ 31,764.17 This Lease is intended to be a triple net lease, and as such LESSEE shall also be responsible for payment of its pro rata share of Operating Expenses (see Section 3 herein), real estate taxes (see Section 4 herein) and utilities (see Section 7 herein), all in accordance with the terms and conditions herein. All payments due to LESSOR hereunder in addition to those under Section 2 shall be deemed to be “Additional Rent”. All LESSEE’s obligations to pay any Annual Base Rent or Additional Rent hereunder shall be independent covenants from any other obligations under this Lease. LESSEE’s allocable pro rata share is 6.26 % (the LESSEE’s “Allocable Percentage”) as that concept is applicable and used herein.

Annual Base Rent and Additional Rent. Subject to the provisions hereof, commencing on the Commencement Date, LESSEE shall pay to LESSOR an Annual Base Rent pursuant to the schedule below during each Lease Year (or portion thereof as the case may be) of the Term hereof, (herein, “Annual Base Rent”). Annual Base Rent shall be payable in advance, in equal monthly installments, due on the first day of each calendar month, pursuant to the schedule below. LESSEE’s LESSEE shall be required to pay its first payment monthly installment of Annual Base Rent for Rent, along with the first month full amount of the first Lease Year shall be due Security Deposit set forth in Section 5 hereof, on the Commencement DateMay 1, 2009. All payments of Annual Base Rent (and any Additional Rent or other sums due LESSOR) shall be made to LESSOR at 000 Xxxxxxxx Xxxxxx, Xxxxxx, Xxxxxxxxxxxxx 00000 or to such other agent or at such other place as LESSOR may designate in writing. The covenants to pay all Annual Base Rent and all Additional Rent hereunder (collectively, “Rent”) shall be independent from any and all other covenants of LESSOR to LESSEE hereunder; and all Rent shall be promptly paid when due stated hereunder. LESSEE shall pay interest from the date due, at annual rate of fourteen eighteen (1418%) percent of any installments of Annual Base Rent, or Additional Rent or other payments which are not received by LESSOR within ten days after written notice from LESSOR that any such Rent was not received. SCHEDULE OF ANNUAL BASE RENT Lease Year Annual Base Rent Monthly Installment First Lease Year $ 369,005.00 502,084.00 $ 30,750.42 41,840.33 Second Lease Year $ 381,170.00 513,495.00 $ 31,764.17 42,791.25 Third Lease Year $ 524,906.00 $ 43,742.17 This Lease is intended to be a triple net lease, and as such LESSEE shall also be responsible for payment of its pro rata share of Operating Expenses (see Section 3 herein), real estate taxes (see Section 4 herein) and utilities (see Section 7 herein), all in accordance with the terms and conditions herein. All payments due to LESSOR hereunder in addition to those under Section 2 shall be deemed to be “Additional Rent”. All LESSEE’s obligations to pay any Annual Base Rent , characterized as such or Additional Rent hereunder shall be independent covenants from any other obligations under this Leaseas “Rent” interchangeably. LESSEE’s allocable pro rata share is 6.26 8.85 % (the LESSEE’s “Allocable Percentage”) as that concept is applicable and used hereinherein to compute Additional Rent.

Annual Base Rent and Additional Rent. Subject to the provisions hereof, commencing on the Commencement Date, LESSEE shall pay to LESSOR an Annual Base Rent pursuant to the schedule below during each Lease Year (or portion thereof as the case may be) of the Term hereof, (herein, “Annual Base Rent”). Annual Base Rent shall be payable in advance, in equal monthly installments, due on the first day of each calendar month, pursuant to the schedule below. Annual Base Rent due for any partial month shall be prorated based on the number of days in that month. LESSEE’s first payment of Annual Base Rent for the first month of the first Lease Year and LESSEE’s payment of Annual Base Rent for the Interim Period (which shall be calculated by multiplying the number of days in the Interim Period (i.e. starting with the Delivery Date through the last day of the month prior to the Commencement Date) by an applicable per diem rate reflecting Annual Base Rent for the First Lease Year (First Six Months) on an annualized basis shall both be due on the Commencement Delivery Date. All payments of Annual Base Rent (and any Additional Rent or other sums due LESSOR) shall be made to LESSOR at 000 Xxxxxxxx Xxxxxx, Xxxxxx, Xxxxxxxxxxxxx 00000 or to such other agent or at such other place as LESSOR may designate in writing. The covenants to pay all Annual Base Rent and all Additional Rent hereunder (collectively, “Rent”) shall be independent from any and all other covenants of LESSOR to LESSEE hereunder; and all Rent shall be promptly paid when due stated hereunder. LESSEE shall pay interest from the date due, at an annual rate of fourteen eighteen (1418%) percent of any installments of Annual Base Rent, or Additional Rent or other payments which are not received by LESSOR within ten days after written notice from LESSOR that any such Rent was not received. SCHEDULE OF ANNUAL BASE RENT Lease Year Annual Base Rent Monthly Installment First Lease Year $ 369,005.00 $ 30,750.42 (first six months) $243,300.00 $20,275.00 First Lease Year (last six months) $324,400.00 $27,033.33 Second Lease Year $ 381,170.00 $ 31,764.17 $356,840.00 $29,736.67 Third Lease Year $369,005.00 $30,750.42 This Lease is intended to be a triple net lease, and as such LESSEE shall also be responsible for payment of its pro rata share of Operating Expenses (see Section 3 herein), real estate taxes (see Section 4 herein) and utilities (see Section 7 herein), all in accordance with the terms and conditions herein. All payments due to LESSOR hereunder in addition to those under Section 2 shall be deemed to be “Additional Rent”. All LESSEE’s obligations to pay any Annual Base Rent ” characterized as such, or Additional Rent hereunder shall be independent covenants from any other obligations under this Leaseas “Rent” interchangeably. LESSEE’s allocable pro rata share is 6.26 6.29 % (the LESSEE’s “Allocable Percentage”) as that concept is applicable and used hereinherein to compute Additional Rent.

Annual Base Rent and Additional Rent. Subject to the provisions hereof, commencing on the Commencement Date, LESSEE shall pay to LESSOR an Annual Base Rent pursuant to the schedule below during each Lease Year (or portion thereof as the case may be) of the Term hereof, (herein, “Annual Base Rent”). Annual Base Rent shall be payable in advance, in equal monthly installments, due on the first day of each calendar month, pursuant to the schedule below. LESSEE’s first payment of Annual Base Rent for the first month of the first Lease Year shall be due on the Commencement Date. All payments of Annual Base Rent (and any Additional Rent or other sums due LESSOR) shall be made to LESSOR at 000 Xxxxxxxx Xxxxxx, Xxxxxx, Xxxxxxxxxxxxx 00000 or to such other agent or at such other place as LESSOR may designate in writing. The covenants to pay all Annual Base Rent and all Additional Rent hereunder (collectively, “Rent”) shall be independent from any and all other covenants of LESSOR to LESSEE hereunder; and all Rent shall be promptly paid when due stated hereunder. LESSEE shall pay interest from the date due, at annual rate of fourteen (14%) percent of any installments of Annual Base Rent, or Additional Rent or other payments which are not received by LESSOR within ten days after written notice from LESSOR that any such Rent was not received. SCHEDULE OF ANNUAL BASE RENT Lease Year Annual Base Rent Monthly Installment First Lease Year $ $369,005.00 $ $30,750.42 Second Lease Year $ $381,170.00 $ $31,764.17 This Lease is intended to be a triple net lease, and as such LESSEE shall also be responsible for payment of its pro rata share of Operating Expenses (see Section 3 herein), real estate taxes (see Section 4 herein) and utilities (see Section 7 herein), all in accordance with the terms and conditions herein. All payments due to LESSOR hereunder in addition to those under Section 2 shall be deemed to be “Additional Rent”. All LESSEE’s obligations to pay any Annual Base Rent or Additional Rent hereunder shall be independent covenants from any other obligations under this Lease. LESSEE’s allocable pro rata share is 6.26 % (the LESSEE’s “Allocable Percentage”) as that concept is applicable and used herein.

Annual Base Rent and Additional Rent. Subject to the provisions hereof, commencing on the Commencement Delivery Date, LESSEE shall pay to LESSOR an Annual Base Rent pursuant to the schedule below during each Lease Year (or portion thereof as the case may be) of the Term hereof, (herein, “Annual Base Rent”). Annual Base Rent shall be payable in advance, in equal monthly installments, due on the first day of each calendar month, pursuant to the schedule below. LESSEE’s ’S first payment of Annual Base Rent for the first month of the first First Lease Year and LESSEE’S payment of Annual Base Rent for the Interim Period (if any), which shall be calculated by multiplying the number of days in the Interim Period (i.e. starting with the beginning of the Term through the last day of the month prior to the Commencement Date by an applicable per diem rate (reflecting Annual Base Rent for the First Lease Year on an annualized basis) shall both be due on the Commencement Delivery Date. All payments of Annual Base Rent (and any Additional Rent or other sums due LESSOR) shall be made to LESSOR at 000 Xxxxxxxx Xxxxxx, Xxxxxx, Xxxxxxxxxxxxx 00000 or to such other agent or at such other place as LESSOR may designate in writing. The covenants to pay all Annual Base Rent and all Additional Rent hereunder (collectively, “Rent”) shall be independent from any and all other covenants of LESSOR to LESSEE hereunder; and all Rent shall be promptly paid when due stated hereunder. LESSEE shall pay interest from the date due, at annual rate of fourteen twelve (1412%) percent of any installments of Annual Base Rent, or Additional Rent or other payments which are not received by LESSOR within ten days after written notice from LESSOR that any such Rent was not received. SCHEDULE OF ANNUAL BASE RENT Lease Year Annual Base Rent Monthly Installment First Lease Year $ 369,005.00 373,637.50 $ 30,750.42 31,136.46 Second Lease Year $ 381,170.00 442,050.00 $ 31,764.17 36,837.50 Third Lease Year $ 457,837.50 $ 38,153.13 This Lease is intended to be a triple net lease, and as such LESSEE shall also be responsible for payment of its pro rata share of Operating Expenses (see Section 3 herein), real estate taxes (see Section 4 herein) and utilities (see Section 7 herein), all in accordance with the terms and conditions herein. All payments due to LESSOR hereunder in addition to those under Section 2 shall be deemed to be “Additional Rent”. All LESSEE’s ’S obligations to pay any Annual Base Rent or Additional Rent hereunder shall be independent covenants from any other obligations under this Lease. LESSEE’s ’S allocable pro rata share is 6.26 8.13% (the LESSEE’s ’S “Allocable Percentage”) as that concept is applicable and used herein., which figure is derived by dividing the rentable area of the Leased Premises (10,525) by the total rentable area of the Building (129,470)