Common use of Annual Basic Rent Clause in Contracts

Annual Basic Rent. Effective upon the Commencement Date, and for the ----------------- months of the Extended Term thereafter through the Lease expiration date of July 31, 1997, Tenant shall pay to Landlord Annual Basic Rent for the Premises in the amount set forth below: Term Rate/Amount ---- ----------- 8/01/93 - 7/31/94 $1.447 per rentable sq.ft. per month, $6,130.94 per month, $73,571.29 per annum; 8/01/94 - 7/31/95 $1.497 per rentable sq.ft. per month, $6,342.74 per month, $76,112.89 per annum; 8/01/95 - 7/31/96 $1.547 per rentable sq.ft. per month, $6,554.54 per month, $78,654.49 per annum; Annual Basic Rent shall be paid by Tenant to Landlord in accordance with Paragraph 3 of the Lease.