BASE RENT (3) definition

BASE RENT (3). One Hundred Sixty Four Thousand Nine Hundred Twenty Five and 42/100 Dollars ($164,925.42) per month commencing August 15, 1998 through August 14, 1999. ADJUSTMENTS TO BASE RENT: Effective August 15, 1999, the Base Rent shall increase to $187,642.40 per month through August 14, 2003 Effective August 15, 2003, the Base Rent shall increase to $228,533.02 per month through August 14, 2008 SECURITY DEPOSIT (4): Intentionally omitted. PERMITTED USES (9): The Premises shall be used for the engineering, research and development, light manufacturing and associated production of circuit board and systems, but only to the extent permitted by the city of San Jose and all agencies and governmental authorities having jurisdiction thereof.
Sample 1
BASE RENT (3). The monthly amount set forth in the schedule below: Months During Initial Term Monthly Base Rent (NNN) 01-05.5 FREE 05.5-15 $31,893.40 16-27 $46,390.40 Beginning Month 28, the rental rate shall be adjusted each year afterwards on the anniversary date in accordance with the Consumer Price Index utilizing the San Francisco/Oakland/Hayward All Urban Items designation with a minimum increase of three percent (3%) annually. Operating Expenses (¶6.1): Operating Expenses are currently estimated to be Eleven Thousand Seventeen and 72/100 Dollars ($11,017.72) per month. Advance Rent (¶3): Thirty-One Thousand Eight Hundred Ninety-Three and 40/100 Dollars ($31,893.40) Security Deposit (¶4): Two Hundred Ninety-Three Thousand One Hundred Six and 60/100 Dollars ($293,106.60). Provided Tenant has not been in default under this Lease, Landlord shall refund the amount of $100,000.00 to Tenant as of the last day of the twelfth (12th) month of the Lease Term; and refund the amount of $125,000.00 to Tenant as of the last day of the eighteenth (18th) month of the Lease Term. *Tenant's Share of Operating Expenses (¶6.1): 52% of the Building; 52% of the Project *Tenant's Share of Tax Expenses (¶6.2): 52% of the Project *Tenant's Share of Common Area Utility Costs (¶7.2): 52% of the Building; 52% of the Project *Tenant's Share of Utility Expenses (¶7.1): 52% of the Building; 52% of the Project *The amount of Tenant's Share of the expenses as referenced above shall be subject to modification as set forth in this Lease. Permitted Uses (¶9): Office, administration, manufacturing, warehousing and related uses, but only to the extent permitted by the City of Livermore and all agencies and governmental authorities having jurisdiction thereof.
Sample 1

Examples of BASE RENT (3) in a sentence

  • BASE RENT 3 4.1 Base Rent 3 4.2 Security Deposit 4 4.3 Operating Costs 4 4.4 Taxes Payable By Tenant 5 4.5 Late Charges and Interest 5 5.

Related to BASE RENT (3)

  • Base Rental means the amount of rent due to Landlord per square foot for the first year of the Term. Base Rental for the first year of Term shall be $32.50 per square foot for the building and $7.50 per square foot for the drive thru at the Premises. Year Per SqFt First Floor Per SqFt Drive Thru TotalPer Annum TotalPer Month 1 $ 32.50 $ 7.50 $ 151,512.00 $ 12,626.00

  • Base Rent $ 25,024 per month ("Base Rent"), payable on the 1st day of each month commencing on the Commencement Date (Also see Paragraph 4.) [ ] If this box is checked, this Lease provides for the Base Rent to be adjusted per Addendum ___, attached hereto.

  • Monthly Rent means the monthly installment of Minimum Annual Rent plus the monthly installment of estimated Annual Operating Expenses payable by Tenant under this Lease.

  • Basic Rent means Basic Rent as defined in Paragraph 6.

  • Fixed Rent shall have the meaning set forth in Section 1.1 hereof.

  • Minimum Rent means Fifty Million Thirty-Three Thousand Nine Hundred Seventy-Six and 00/100ths Dollars ($50,033,976.00), subject to adjustment as provided in Section 3.1.1(b).

  • RENT ADJUSTMENT Any amounts owed by Tenant for payment of Operating Expenses. The Rent Adjustments shall be determined and paid as provided in Article Four.

  • Net Rent means all rental Landlord actually receives from any reletting of all or any part of the Premises, less any indebtedness from Tenant to Landlord other than Rent (which indebtedness is paid first to Landlord) and less the Re-entry Costs (which costs are paid second to Landlord).

  • Additional Rental has the meaning set forth in Section 4.03.

  • Monthly Base Rent The monthly rent specified in Section 1.01(8).

  • Annual Rent means the annual fixed rent to be paid to the Lessor by the Lessee under Section 5 of this Lease.

  • Gross Rent means the rent for a set-aside unit, including any applicable utility allowances, in compliance with the rent limits applicable to the property for 2020. Gross rent does include optional fees included in the household’s lease, including but not limited to, washer/dryer, cable, parking, etc., as long as they are included in the lease or addendums to the lease. In addition, when a utility that is purchased from or through a local utility company by the Development, who in turn bills residents for actual consumption of the utility will also be eligible when the applicable utility allowance for the Development includes a deduction for the utility and the household’s lease specifies that the resident is responsible for the utility.

  • Additional Rent means all amounts, other than Basic Rent and any Security Deposit, required to be paid by the Tenant to the Landlord in accordance with this Agreement.

  • Base Monthly Rent means the fixed monthly rent payable by Tenant pursuant to Section 3.1 which is specified in Section K of the Summary.

  • Annual Base Rent means the business’s annual lease payment minus taxes, insurance and operating or maintenance expenses.

  • Renewal Rent for the Aircraft means the rent payable therefor in respect of a Renewal Lease Term determined pursuant to Section 17.2.2 of the Lease.

  • Additional Rent(s) means amounts payable under any Lease for (i) the payment of additional rent based upon a percentage of the Tenant’s business during a specified annual or other period (sometimes referred to as “percentage rent”), (ii) so-called common area maintenance or “CAM” charges, and (iii) so called “escalation rent” or additional rent based upon such tenant’s allocable share of insurance, real estate taxes or operating expenses or labor costs or cost of living or xxxxxx’x wages or otherwise.

  • Annual Fixed Rent See Exhibit A, and Section 3.1.

  • Lease Year means each consecutive twelve-month period beginning with the Commencement Date, except that if the Commencement Date is not the first day of a calendar month, then the first Lease Year shall be the period from the Commencement Date through the final day of the twelve months after the first day of the following month, and each subsequent Lease Year shall be the twelve months following the prior Lease Year.

  • Initial Rent means [ ] (£[ ]) STERLING yearly (exclusive of any VAT);

  • Basic Rent Payment Date means the Delivery Date, and the numerically corresponding day in each calendar month thereafter during the Term, and if such day is not a Business Day, then the immediately preceding calendar day which is a Business Day.

  • Interim Rent means the pro-rata portion of Rent due for the period from the Commencement Date through but not including the first day of the first full Rent Interval included in the Initial Term.

  • Percentage Rent As defined in Subsection 3.1(b).

  • Excess Rent means the excess of (a) all consideration received by Tenant from a Transfer over (b) Rent payable under this Lease after deducting reasonable tenant improvements paid for by Tenant, reasonable attorneys’ fees and any other reasonable out-of-pocket costs paid by Tenant as a result of the Transfer (but specifically excluding any Rent paid to Landlord while the Premises is vacant).

  • Rent Schedule means a written schedule for the Mortgaged Property showing the name of each tenant, and for each tenant, the space occupied, the lease expiration date, the rent payable for the current month, the date through which rent has been paid, and any related information requested by Lender.

  • Past Due Rent Payment is defined in Section 2.2(g).