Common use of Basic Monthly Rent Clause in Contracts

Basic Monthly Rent. (a) Tenant covenants to pay to Landlord, without (except as expressly provided in this Lease) abatement, deduction, offset, prior notice or demand, Basic Monthly Rent in lawful money of the United States at the address for Landlord set forth in Paragraph 22.3, or at such other such place as Landlord may designate to Tenant not less than ten (10) business days prior to the next payment due date, in advance on or before the first day of each calendar month during the Term, commencing on the Commencement Date unless otherwise set forth in the definition of “Basic Monthly Rent”. Tenant may make payments to Landlord under this Lease by electronic transfer or similar means, but each payment of Basic Monthly Rent shall be made pursuant to an automatic payment procedure set up by Tenant that ensures that each such payment will be received by Landlord on or before the first day of each calendar month. (b) If the first day on which Basic Monthly Rent is due under this Lease is not the first day of a calendar month, on or before such due date Basic Monthly Rent shall be paid for the initial fractional calendar month prorated on a per diem basis. If the Term expires or this Lease terminates on a day other than the last day of a calendar month, Basic Monthly Rent for such fractional month shall be prorated on a per diem basis. (c) In addition to the foregoing, concurrently with its execution and delivery of this Lease, Tenant shall pay to Landlord in advance Basic Monthly Rent for the first full calendar month following the Commencement Date in which full Basic Monthly Rent is payable (that is, $26.50 per rentable square foot on an annual basis), which shall be applied by Landlord to pay Basic Monthly Rent for such month on the date due.

Basic Monthly Rent. (a) Commencing on the Rent Commencement Date, Tenant covenants to shall pay to Landlord, without as basic monthly rental (except as "Basic Monthly Rent"), the amount specified in Item 5 of the Basic Lease Information. Unless otherwise expressly provided in this Lease) abatement, deduction, offset, prior notice or demand, the Basic Monthly Rent in lawful money of the United States at the address for and all other amounts payable hereunder shall be paid to Landlord set forth in Paragraph 22.3, or at such other such place as Landlord may designate to Tenant not less than ten (10) business days prior to the next payment due date, in advance on the Rent Commencement Date and thereafter on or before the first day of each calendar month during the TermTerm without abatement, commencing on deduction or offset, in lawful money of the Commencement Date unless otherwise set forth United States of America at the office of the property manager as designated in writing by the definition of “Basic Monthly Rent”. Tenant Landlord, or to such place as Landlord may make payments to Landlord under this Lease by electronic transfer or similar meansdesignate in writing, but each payment of except that a full month's Basic Monthly Rent shall be made pursuant paid to an automatic Landlord concurrent with Tenant's execution of this Lease, which payment procedure set up by Tenant that ensures that each such payment will shall be received by Landlord on or before credited to the first day of each calendar month. (b) If the first day on which 's Basic Monthly Rent is due under this Lease is not on the Rent Commencement Date. If the Rent Commencement Date occurs on other than the first day of a calendar month, then there shall be deemed paid on or before such due date the Rent Commencement Date a pro rata portion of the Basic Monthly Rent based upon the number of days remaining in such month and the remaining balance of any amount paid by Tenant upon Lease execution shall be paid for credited towards the initial fractional Basic Monthly Rent due in the second calendar month prorated on a per diem basisafter the Rent Commencement Date. If In the event the Term expires or this Lease terminates ends on a day other than the last day of a calendar the month, the last monthly payment of Basic Monthly Rent for such fractional month shall be prorated on a per diem basis. based upon the number of days in such month prior to and including the last day of the Term. Provided that no Event of Default has occurred, then during the September, 2013 calendar month of the Term (c) In addition the "Rent Abatement Period"), Tenant shall not be obligated to pay any Basic Monthly Rent otherwise attributable to the foregoingPremises during such Rent Abatement Period (the "Rent Abatement"). Landlord and Tenant acknowledge that the aggregate amount of the Rent Abatement equals $7,803.33. Tenant acknowledges and agrees that the foregoing Rent Abatement has been granted to Tenant as additional consideration for entering into this Lease, concurrently with its execution and delivery for agreeing to pay the Rent and performing the terms and conditions otherwise required under this Lease. If an Event of Default has occurred, or if this Lease is terminated for any reason other than Landlord’s breach of this Lease, then the dollar amount of the unapplied portion of the Rent Abatement as of the date of such Default or termination, as the case may be, shall be converted to a credit to be applied to the Basic Monthly Rent applicable at the end of the Term and Tenant shall pay immediately be obligated to Landlord in advance begin paying Basic Monthly Rent for the first full calendar month following the Commencement Date Premises in which full Basic Monthly Rent is payable (that is, $26.50 per rentable square foot on an annual basis), which shall be applied by Landlord to pay Basic Monthly Rent for such month on the date duefull.

Basic Monthly Rent. (a) Tenant covenants to pay to Landlord, without (except as expressly provided in this Lease) abatement, deduction, offset, prior notice or demand, Basic Monthly Rent in lawful money of the United States at the address for Landlord set forth in Paragraph 22.3, or at such other such place as Landlord may designate to Tenant not less than ten thirty (1030) business days prior to the next payment due date, in advance on or before the first day of each calendar month during the Term, commencing on the Commencement Date unless otherwise set forth in the definition of “Basic Monthly Rent”. Tenant may make payments to Landlord under this Lease by electronic transfer, wire transfer or similar means, but each payment of Basic Monthly Rent shall be made pursuant to an automatic payment procedure set up by Tenant that ensures that each such payment will be received by Landlord on or before the first day of each calendar month. (b) If the first day on which Basic Monthly Rent is due under this Lease is not the first day of a calendar month, on or before such due date Basic Monthly Rent shall be paid for the initial fractional calendar month prorated on a per diem basis. If the Term expires or this Lease terminates on a day other than the last day of a calendar month, Basic Monthly Rent for such fractional month shall be prorated on a per diem basis. (c) In addition to the foregoing, concurrently with its execution and delivery of this Lease, Tenant shall pay to Landlord in advance Basic Monthly Rent for the first full calendar month following the Commencement Date in which full Basic Monthly Rent is payable (that is, $26.50 24.37 per rentable square foot on an annual basis), which shall be applied by Landlord to pay Basic Monthly Rent for such month on the date due.

Basic Monthly Rent. (a) Tenant covenants to pay to Landlord, without (except as expressly provided in this Lease) abatement, deduction, offset, prior notice or demand, Basic Monthly Rent in lawful money of the United States at the address for Landlord set forth in Paragraph 22.3, or at such other such place as Landlord may designate to Tenant not less than ten thirty (1030) business days prior to the next payment due date, in advance on or before the first day of each calendar month during the Term, commencing on the Commencement Date unless otherwise set forth in the definition of “Basic Monthly Rent”. Tenant may make payments to Landlord under this Lease by electronic transfer, wire transfer or similar means, but each payment of Basic Monthly Rent shall be made pursuant to an automatic payment procedure set up by Tenant that ensures that each such payment will be received by Landlord on or before the first day of each calendar month. (b) If the first day on which Basic Monthly Rent is due under this Lease is not the first day of a calendar month, on or before such due date Basic Monthly Rent shall be paid for the initial fractional calendar month prorated on a per diem basis. If the Term expires or this Lease terminates on a day other than the last day of a calendar month, Basic Monthly Rent for such fractional month shall be prorated on a per diem basis. (c) In addition to the foregoing, concurrently with its execution and delivery of this Lease, Tenant shall pay to Landlord in advance Basic Monthly Rent for the first full calendar month following the Commencement Date in which full Basic Monthly Rent is payable (that is, $26.50 27.00 per rentable square foot on an annual basis), which shall be applied by Landlord to pay Basic Monthly Rent for such month on the date due.

Basic Monthly Rent. (a) Tenant covenants to pay to Landlord, without (except as expressly provided in this Lease) abatement, deduction, offset, prior notice or demand, Basic Monthly Rent in lawful money of the United States at the address for Landlord set forth in Paragraph 22.3, or at such other such place as Landlord may designate to Tenant not less than ten (10) business days prior to the next payment due date, in advance on or before the first day of each calendar month during the Term, commencing on the Commencement Date unless otherwise set forth in the definition of “Basic Monthly Rent”. Tenant may make payments to Landlord under this Lease by electronic transfer or similar means, but each payment of Basic Monthly Rent shall be made pursuant to an automatic payment procedure set up by Tenant that ensures that each such payment will be received by Landlord on or before the first day of each calendar month. (b) If the first day on which Basic Monthly Rent is due under this Lease is not the first day of a calendar month, on or before such due date Basic Monthly Rent shall be paid for the initial fractional calendar month prorated on a per diem basis. If the Term expires or this Lease terminates on a day other than the last day of a calendar month, Basic Monthly Rent for such fractional month shall be prorated on a per diem basis. (c) In addition to the foregoing, concurrently with its execution and delivery of this Lease, Tenant shall pay to Landlord in advance Basic Monthly Rent for the first full calendar month following the Commencement Date in which full Basic Monthly Rent is payable (that is, $26.50 per rentable square foot on an annual basis), which shall be applied by Landlord to pay Basic Monthly Rent for such month on the date due.

Basic Monthly Rent. (a) Commencing on the Rent Commencement Date, Tenant covenants to shall pay to Landlord, without as basic monthly rental (except as “Basic Monthly Rent”), the amount specified in Item 5 of the Basic Lease Information. Unless otherwise expressly provided in this Lease) abatement, deduction, offset, prior notice or demand, the Basic Monthly Rent in lawful money of the United States at the address for and all other amounts payable hereunder shall be paid to Landlord set forth in Paragraph 22.3, or at such other such place as Landlord may designate to Tenant not less than ten (10) business days prior to the next payment due date, in advance on the Rent Commencement Date and thereafter on or before the first day of each calendar month during the TermTerm without abatement, commencing on deduction or offset, in lawful money of the Commencement Date unless otherwise set forth United States of America at the office of the property manager as designated in writing by the definition of “Basic Monthly Rent”. Tenant Landlord, or to such place as Landlord may make payments to Landlord under this Lease by electronic transfer or similar meansdesignate in writing, but each payment of except that a full month’s Basic Monthly Rent shall be made pursuant paid to an automatic Landlord concurrent with Tenant’s execution of this Lease, which payment procedure set up by Tenant that ensures that each such payment will shall be received by Landlord on or before credited to the first day of each calendar month. (b) If the first day on which ’s Basic Monthly Rent is due under this Lease is not on the Rent Commencement Date. If the Rent Commencement Date occurs on other than the first day of a calendar month, then there shall be deemed paid on or before such due date the Rent Commencement Date a pro rata portion of the Basic Monthly Rent based upon the number of days remaining in such month and the remaining balance of any amount paid by Tenant upon Lease execution shall be paid for credited towards the initial fractional Basic Monthly Rent due in the second calendar month prorated on a per diem basisafter the Rent Commencement Date. If In the event the Term expires or this Lease terminates ends on a day other than the last day of a calendar the month, the last monthly payment of Basic Monthly Rent for such fractional month shall be prorated on a per diem basis. (c) In addition to based upon the foregoing, concurrently with its execution and delivery number of this Lease, Tenant shall pay to Landlord days in advance Basic Monthly Rent for the first full calendar month following the Commencement Date in which full Basic Monthly Rent is payable (that is, $26.50 per rentable square foot on an annual basis), which shall be applied by Landlord to pay Basic Monthly Rent for such month on prior to and including the date duelast day of the Term.

Basic Monthly Rent. (a) Until the First Floor South Expansion Space Rent Commencement Date, Tenant covenants shall continue to pay all rent with respect to Landlord, without (except the Existing Space as expressly provided in this Lease) abatement, deduction, offset, prior notice or demand, Basic Monthly Rent in lawful money of the United States at the address for Landlord set forth in Paragraph 22.3, or at such other such place as Landlord may designate to Tenant not less than ten (10) business days prior to Amendment Three. As of the next payment due date, in advance on or before the first day of each calendar month during the Term, commencing on the First Floor South Expansion Space Rent Commencement Date unless otherwise set forth in the definition of “Basic Monthly Rent”. Tenant may make payments to Landlord under this Lease by electronic transfer or similar means, but each payment of Basic Monthly Rent shall be made pursuant to an automatic payment procedure set up by Tenant that ensures that each such payment will be received by Landlord on or before the first day of each calendar month. (b) If the first day on which Basic Monthly Rent is due under this Lease is not the first day of a calendar month, on or before such due date Basic Monthly Rent shall be paid for the initial fractional calendar month prorated on a per diem basis. If the Term expires or this Lease terminates on a day other than the last day of a calendar month, Basic Monthly Rent for such fractional month shall be prorated on a per diem basis. (c) In addition to the foregoing, concurrently with its execution and delivery of this LeaseDate, Tenant shall pay to Landlord in advance Basic Monthly Rent with respect to the Premises (prorated on a per diem basis for any partial calendar month) in accordance with the figure corresponding to the relevant time period set forth in the following table (which table hereby replaces the table in Section 1.2 of the Lease): Period 2017 Expansion Space Annual Basic Monthly Rent per RSF 2017 Expansion Space Monthly Installment of Basic Monthly Rent Original Space, 2019 Expansion Space and First Floor South Expansion Space Annual Basic Monthly Rent per RSF Original Space Monthly Installment of Basic Monthly Rent 2019Expansion Space Monthly Installment of Basic Monthly Rent First Floor South Expansion Space Monthly Installment of Basic Monthly Rent *The table above assumes a First Floor South Expansion Space Rent Commencement Date of February 1, 2020. If the First Floor South Expansion Space Rent Commencement Date is after February 1, 2020, the table set forth above shall be revised to reflect the actual First Floor South Expansion Space Rent Commencement Date and confirmed by the Parties in a confirmation of lease terms. Regardless of the First Floor South Expansion Space Rent Commencement Date, Basic Monthly Rent with respect to the First Floor South Expansion Space only shall be abated for the first full calendar month three and one half (3.5) months following the First Floor South Expansion Space Rent Commencement Date (the “Free Rent Period”). If the Lease is terminated during such Free Rent Period, Tenant shall not be entitled to any such rent abatement after the date of termination nor shall Tenant be entitled to assert any right to rent abatement after such termination against any sums due Landlord. The rent abatement granted under this Section is solely for the benefit of the entity executing this Lease as tenant and is not transferable to any assignee or subtenant. In the event of a default by Tenant under the terms of the Lease which results in early termination pursuant to the provisions hereof, then as a part of the recovery to which full Basic Monthly Rent is payable (that is, $26.50 per rentable square foot on an annual basis)Landlord shall be entitled shall be included a portion of such rent which was abated under the provisions of this Section, which portion shall be applied determined by Landlord multiplying the total amount of rent which was abated under this Section by a fraction, the numerator of which is the number of months remaining in the term of the Lease at the time of such default and the denominator of which is the number of months during the term of the Lease after the First Floor South Expansion Space Rent Commencement Date that Tenant is obligated to pay Basic Monthly Rent for such month on the date dueRent.