Common use of Base Rental Clause in Contracts

Base Rental. Tenant hereby agrees to pay a base annual rental (herein called the “Base Rental”) of $226,290 at the rate of $19.85 per square foot of Rentable Area. The Tenant shall also pay, as additional rent, all such other sums of money as shall become due and payable by Tenant to Landlord under this Lease Agreement. The Base Rental shall be due and payable in twelve (12) equal installments of $18,857.50 on the first day of each calendar month during the initial term and any extensions or renewals thereof, and Tenant hereby agrees to pay such rent to Landlord monthly in advance without demand and without any reduction, abatement, counterclaim or setoff, at such address as may be designated by Landlord. The “Base Rental,” and any other additional rental shall be collectively referred to as “Rent” or “rent.” If the term of this Lease Agreement as heretofore established commences on other than the first day of a month or terminates on other than the last day of a month, then the Rent provided for herein for such month or months shall be prorated and the installment or installments so prorated shall be paid in advance. The Base Rental shall be adjusted five (5) times during the Lease Term: (1) upon the first day of the fourth year of the Lease Term; and, (2) upon the first day of the seventh year of the Lease Term (collectively, the “Adjustment Dates”). Upon each of the Adjustment Dates, the Base Rental shall be adjusted to a ten percent (10%) increase every three (3) years.

Base Rental. Tenant hereby agrees to pay a base annual rental (herein called the “Base Rental”) of $226,290 65,016 at the rate of $19.85 12.00 per square foot of Rentable Area. The Tenant shall also pay, as additional rent, all such other sums of money as shall become due and payable by Tenant to Landlord under this Lease Agreement. The Base Rental shall be due and payable in twelve (12) equal installments of $18,857.50 5,418 on the first day of each calendar month during the initial term and any extensions or renewals thereof, and Tenant hereby agrees to pay such rent to Landlord monthly in advance without demand and without any reduction, abatement, counterclaim or setoff, at such address as may be designated by Landlord. The “Base Rental,” and any other additional rental shall be collectively referred to as “Rent” or “rent.” If the term of this Lease Agreement as heretofore established commences on other than the first day of a month or terminates on other than the last day of a month, then the Rent provided for herein for such month or months shall be prorated and the installment or installments so prorated shall be paid in advance. The Base Rental shall be adjusted five (5) times twice during the Lease Term: (1) upon the first day of the fourth year of the Lease Term; and, (2ii) upon the first day of the seventh year of the Lease Term (collectively, the “Adjustment Dates”). Upon each of the Adjustment Dates, the Base Rental shall be adjusted to a ten percent figure determined to be “market rent” by a MAI-designated appraiser. The Tenant shall bear the expense of such appraiser. All past due installments of rent shall bear interest at the lesser of (10%i) increase every the maximum rate permitted by applicable law, or (ii) three (3) years.percentage points above the Prime Rate (hereinafter defined), from the date due until paid. The term “

Base Rental. Tenant hereby agrees to pay a base annual rental (herein called the “"Base Rental”") of $226,290 123,840 at the rate of $19.85 18.00 per square foot of Rentable Area. The Tenant shall also pay, as additional rent, all such other sums of money as shall become due and payable by Tenant to Landlord under this Lease Agreement. The Base Rental shall be due and payable in twelve (12) equal installments of $18,857.50 10,320 on the first day of each calendar month during the initial term and any extensions or renewals thereof, and Tenant hereby agrees to pay such rent to Landlord monthly in advance without demand and without any reduction, abatement, counterclaim or setoff, at such address as may be designated by Landlord. The “"Base Rental,” " and any other additional rental shall be collectively referred to as “"Rent” " or “"rent.” " If the term of this Lease Agreement as heretofore established commences on other than the first day of a month or terminates on other than the last day of a month, then the Rent provided for herein for such month or months shall be prorated and the installment or installments so prorated shall be paid in advance. The Base Rental shall be adjusted five (5) times twice during the Lease Term: (1Term:(1) upon the first day of the fourth year of the Lease Term; and, (2ii) upon the first day of the seventh year of the Lease Term (collectively, the “"Adjustment Dates”"). Upon each of the Adjustment Dates, the Base Rental shall be adjusted to a ten percent figure determined to be "market rent" by a MAI-designated appraiser. The Tenant shall bear the expense of such appraiser. All past due installments of rent shall bear interest at the lesser of (10%i) increase every the maximum rate permitted by applicable law, or (ii) three (3) years.percentage points above the Prime Rate (hereinafter defined), from the date due until paid. The term "

Base Rental. Tenant hereby agrees to pay a base annual rental (herein called the “"Base Rental”") of $226,290 188,400 at the rate of $19.85 18.27 per square foot of Rentable Area. The Tenant shall also pay, as additional rent, all such other sums of money as shall become due and payable by Tenant to Landlord under this Lease Agreement. The Base Rental shall be due and payable in twelve (12) equal installments of $18,857.50 15,700 on the first day of each calendar month during the initial term and any extensions or renewals thereof, and Tenant hereby agrees to pay such rent to Landlord monthly in advance without demand and without any reduction, abatement, counterclaim or setoff, at such address as may be designated by Landlord. The “"Base Rental,” " and any other additional rental shall be collectively referred to as “"Rent” " or “"rent.” " If the term of this Lease Agreement as heretofore established commences on other than the first day of a month or terminates on other than the last day of a month, then the Rent provided for herein for such month or months shall be prorated and the installment or installments so prorated shall be paid in advance. The Base Rental shall be adjusted five (5) times twice during the Lease Term: (1Term:(1) upon the first day of the fourth year of the Lease Term; and, (2ii) upon the first day of the seventh year of the Lease Term (collectively, the “"Adjustment Dates”"). Upon each of the Adjustment Dates, the Base Rental shall be adjusted to a ten percent figure determined to be "market rent" by a MAI-designated appraiser. The Tenant shall bear the expense of such appraiser. All past due installments of rent shall bear interest at the lesser of (10%i) increase every the maximum rate permitted by applicable law, or (ii) three (3) years.percentage points above the Prime Rate (hereinafter defined), from the date due until paid. The term "