Base Rent for the Expansion Premises. The Base Rent due for the Expansion Premises is as set forth in the chart below: Lease Months Per Sq. Ft.* Period Per Month* 9/15/17 – 11/30/18 $43.00 $1,361,272.50, $97,233.75 12/1/18 – 11/30/19 $43.75 $1,187,156.28 $98,929.69 12/1/19 – 11/30/20 $44.50 $1,207,507.56 $100,625.63 12/1/20 – 11/30/21 $45.25 $1,227,858.72 $102,321.56 12/1/21 – 1/30/22 $46.00 $1,248,210.00 $104,017.50 12/1/22 – 1/15/23 $46.75 $1,268,561.28 $105,713.44 * plus applicable sales and transaction privilege taxes on Rent pursuant to Section 7(a) of the Original Lease and on Parking Rental Fees pursuant to Sections 1(o) and 7(a) of the Original Lease. Provided that no Default exists at the time of the abatement provided below, Tenant’s monthly installment of Base Rent shall be abated: a] for the months of November and December, 2017 (the “Abatement Period”), in the amount of Ninety-Seven Thousand Two Hundred Thirty-Three and 75/100 Dollars ($97,233.75) per month, for a total abatement of Base Rent in the amount of One Hundred Ninety-Four Thousand Four Hundred Sixty-Seven and 50/100 Dollars ($194,467.50); and b] beginning with the month of January, 2018, until an amount equal to the amount of base rent paid to an affiliate of Landlord by Tenant for its occupancy, through September 14, 2017, of Suite 115 in the building located at 00 X. Xxx Xxxxxx Xxxxxxx, Xxxxx, Xxxxxxx has been credited to Tenant’s account (collectively, the “Abated Rent”). The principal amount of the Abated Rent, together with interest thereon calculated at the Default Rate shall be amortized evenly over the period from September 15, 2017 through January 15, 2023. So long as no uncured Default occurs under the Lease that leads to the Landlord either repossessing the Premises or terminating the Lease, then upon Landlord’s receipt of the final monthly installment of Rent, Tenant shall have no liability to Landlord for the repayment of any portion of the Abated Rent. In the event of an uncured Default, then in addition to all of Landlord’s other remedies available under the Lease, Tenant shall also become immediately liable to Landlord for the unamortized portion of the Abated Rent existing as of the date of such uncured Default, and interest shall accrue thereon at the Default Rate. Provided, however, that if Landlord elects to exercise its rights under Section 32 of the Original Lease to accelerate the entire amount of all Rent and other charges due from Tenant for the balance of the Term (in accordance with the terms ...
Base Rent for the Expansion Premises. Reference is hereby made to Article 3 ------------------------------------ of the Lease. In addition to the Base Rent payable by Tenant for the Existing Premises pursuant to the provisions of the Lease in effect prior to the date of this Agreement, from and after the First Expansion Premises Commencement Date (with respect to the First Expansion Premises), and the Second Expansion Premises Commencement Date (with respect to the Second Expansion Premises) and continuing through the remainder of the Term (subject to annual increases in accordance with the provisions of Paragraph 10 below), Tenant shall pay to Landlord, in accordance with the provisions of Section 3.1 of the Lease, $2.75 per month per square foot of Rentable Area in the Expansion Premises as Base Rent for the Expansion Premises. Base Rent for any partial month following the respective Expansion Premises Commencement Date shall be prorated based on the actual number of days in the month.
Base Rent for the Expansion Premises. Effective as of the Expansion Premises Commencement Date and continuing through to and including the Expiration Date, in addition to all other amounts payable under the Lease, as amended, Tenant shall pay Base Rent for the Expansion Premises as set forth below, in accordance with the terms of the Lease, as amended. Upon execution of this Amendment, Tenant shall pay to Landlord the sum of $17,598.00 constituting the monthly installment of Base Rent due and payable by Tenant for the first (1st) full calendar month of the Expansion Premises Term following the Abatement Period (as defined below). Months During the Monthly Monthly Base Rent per Expansion Premises Annual Base Installment of Rentable Square Foot of Term Rent Base Rent the Expansion Premises February 1, 2012 – January 31, 2013 $ 211,176.00 $ 17,598.00 $ 2.80 February 1, 2013 – January 31, 2014 $ 217,511.28 $ 18,125.94 $ 2.88 February 1, 2014 – January 31, 2015 $ 224,036.62 $ 18,669.72 $ 2.97 February 1, 2015 – January 31, 2016 $ 230,757.72 $ 19,229.81 $ 3.06 February 1, 2016 – January 31, 2017 $ 237,680.45 $ 19,806.70 $ 3.15 February 1, 2017 – January 31, 2018 $ 244,810.86 $ 20,400.91 $ 3.25 February 1, 2018 – March 31, 2018 N/A $ 21,012.93 $ 3.34
Base Rent for the Expansion Premises. Commencing (i) as of the First Expansion Date, Tenant shall pay to Landlord the Base Rent for the First Expansion Premises, and (ii) as of the Second Expansion Date, Tenant shall pay to Landlord the Base Rent for the entire Expansion Premises, all as set forth below in accordance with Section 4 of the Lease, which Base Rent shall be payable by Tenant (a) in twelve (12) equal monthly installments in advance on or before the First Expansion Date and on or before the first (1st) day of each succeeding calendar month during the Lease Term, and (b) shall be payable together with each monthly installment of Base Rent for the Existing Premises. Time Period SF Per RSF Annual Base Rent Base Rent (monthly installments) 9/15/2017 – 12/14/2017 80,000 $3.35 $22,333.33 12/15/2017 – 12/31/2018 175,482 $3.35 $48,988.73 1/1/2019 – 12/31/2019 175,482 $3.42 $49,968.50 1/1/2020 – 12/31/2020 175,482 $3.49 $50,967.87 1/1/2021 – 12/31/2021 175,482 $3.56 $51,987.23 1/1/2022 – 12/14/2022 175,482 $3.63 $53,026.97 From and after the First Expansion Date, all references to “Base Rent” in the Lease, other than Section 1(e), shall include the Base Rent for the Expansion Premises set forth above.
Base Rent for the Expansion Premises. From and after the Expansion Date and continuing through to and including the Expiration Date, in addition to all other amounts and charges due and payable by Tenant under the Lease, as amended, Tenant shall pay Base Rent for the Expansion Premises as set forth in the rental chart below, in accordance with the terms of the Lease, as amended. [FINAL EXECUTION COPY] -3- LONE PEAK CENTER CAMPUS SMRH: 473656241.7 Control4 Corporation 062716 21LX-225009 Dates Annual Base Rent Monthly Installment of Base Rent Annual Rental Rate Per Rentable Square Foot of the Expansion Premises Expansion Date- 12/31/16 $190,095.00 $15,841.25 $19.00 01/01/17-12/31/17 $195,097.50 $16,258.13 $19.50 01/01/18-06/30/18 $200,100.00 $16,675.00 $20.00
Base Rent for the Expansion Premises. Effective from and after the Expansion Commencement Date and continuing through the end of the Term the License Fee shall be $273,690.61 per month; provided, however, the License Fee shall increase by three percent (3%) commencing on January 1 of each and every year of the Term.
Base Rent for the Expansion Premises. Effective as of the Expansion Premises Commencement Date and throughout the Expansion Premises Term, in addition to Additional Rent and all other costs and expenses payable by Tenant pursuant to the Lease as amended by this Amendment, Tenant shall pay to Landlord the following monthly Base Rent for the Expansion Premises in accordance with the terms of the Lease, as follows: Expansion Premises LEASE MONTHS DURING EXPANSION PREMISES TERM ANNUAL BASE RENT MONTHLY BASE RENT MONTHLY BASE RENT PER RENTABLE SQUARE FOOT1 1 – 122 $104,112.00 $8,676.00 $3.00 13 – 24 $107,235.36 $8,936.28 $3.09 25 - 36 $110,358.72 $9,196.56 $3.18 37 - 48 $113,829.12 $9,485.76 $3.28 49 - 60 $117,299.52 $9,774.96 $3.38 61 - 62 $120,769.92 $10,064.16 $3.48 1 Note: Monthly Base Rent per rentable square foot has been rounded off to the nearest cent using conventional rounding principles.
Base Rent for the Expansion Premises. Base Rent for the Expansion Premises shall be due and payable on the same terms as Base Rent for the Original Premises, except that commencing on November 1, 2020 (the “Expansion Rent Commencement Date”), Base Rent for the Expansion Premises shall be in the amounts as set forth in the table below. For the avoidance of doubt, there is no Base Rent payable from the Delivery Date through October 31, 2020. Except for the changes to Base Rent and Tenant’s Share provided herein, Tenant’s obligation to pay Additional Rent, utilities and any other charges required to be paid by Tenant shall continue in accordance with the Original Lease. Months Expansion Premises Square Footage Base Rent PSF/MO Monthly Installment of Base Rent 11/1/20 to 11/30/20 31,435 * $ 0.00 $ 0.00 12/1/20 to 10/31/21 31,435 * $ 0.89 $ 27,977.15 11/1/21 to 10/31/22 31,435 * $ 0.92 $ 28,816.46 11/1/22 to 10/31/23 47,153 * $ 1.50 $ 70,729.50 11/1/23 to 10/31/24 62,870 $ 1.91 $ 120,081.70 11/1/24 to 10/31/25 62,870 $ 1.97 $ 123,684.15 11/1/25 to 10/31/26 62,870 $ 2.03 $ 127,394.68 11/1/26 to 10/31/27 62,870 $ 2.09 $ 131,216.52 11/1/27 to 9/30/28 62,870 $ 2.15 $ 135,153.01 *provided that Tenant is not in Default of any of Tenant’s obligations, Tenant’s Base Rent for the Expansion Premises applicable to the first thirty-six (36) months following the Expansion Premises Rent Commencement Date (representing November 1, 2020 through October 31, 2023 as set forth above) shall be calculated on the reduced rentable square footage amounts set forth in the table above. In the event of a Tenant Default, Tenant’s Base Rent obligations applicable to such thirty-six (36) months of the shall be calculated on the full Expansion Premises rentable square footage of 62,870 and any Base Rent previously abated shall be immediately due and payable by Tenant to Landlord. Notwithstanding anything herein to the contrary, Tenant’s Share of Direct Expenses shall be calculated on the full Expansion Premises rentable square footage of 62,870 and Tenant shall pay all other amounts due under the Lease during any period of Base Rent abatement, including without limitation, Additional Rent.
Base Rent for the Expansion Premises. Beginning on the Expansion Date, the Base Rent for the Expansion Premises shall be payable according to the following schedule: Period* Annual Base Rent Monthly Base Rent Approx. Monthly Base Rent/S.F. 1/1/2016 – 12/31/2016** $455,077.92 $37,923.16 $1.58 1/1/2017 – 12/31/2017 $468,730.20 $39,060.85 $1.63 1/1/2018 – 12/31/2018 $482,792.16 $40,232.68 $1.68 1/1/2019 – 12/31/2019 $497,275.92 $41,439.66 $1.73 1/1/2020 – 12/31/2020 $512,194.20 $42,682.85 $1.78 1/1/2021 – 12/31/2021 $527,560.08 $43,963.34 $1.83 1/1/2022 – 6/30/2022 $543,386.88 $45,282.24 $1.89 * The below dates (except the last) shall be delayed by one (1) day for each day the Expansion Date is delayed beyond January 1, 2016, subject to the terms of Section 2 of the Work Letter. ** Subject to abatement pursuant to Section 2.E below.
Base Rent for the Expansion Premises. Effective as of the Expansion Premises Commencement Date and continuing through to and including the Original Premises Expiration Date, in addition to Base Rent payable for the Existing Premises, Tenant's Share of Operating Expenses, Tax Expenses, Common Area Utility Costs and Utility Expenses and all other amounts payable under the Lease, as amended, Tenant shall pay the Base Rent for the Expansion Premises set forth below. Months During the Expansion Premises Term Annual Base Rent Monthly Base Rent Monthly Rental Rate per Rentable Square Foot of the Expansion Premises 3/1/2011 $ 445,740.00 $ 37,145.00 $ 1.000 3/1/2012 $ 507,474.99 $ 42,289.58 $ 1.139 3/1/2013 $ 525,236.61 $ 43,769.72 $ 1.178 3/1/2014 $ 543,619.90 $ 45,301.66 $ 1.220 3/1/2015 $ 562,646.59 $ 46,887.22 $ 1.262 3/1/2016 $ 533,810.95 $ 48,528.27 $ 1.306 *Base Rent for the Expansion Premises for the first (1st) five (5) full calendar months of the Expansion Premises Term shall be abated, pursuant to the terms of Section 4.b below.
