Deferred Basic Rent Sample Clauses

Deferred Basic Rent. Subject to the terms and conditions stated herein, the total Basic Rent due under Lease Paragraph 39 (“Basic Rent”) for the period commencing March 1, 2010 through February 28, 2011 (the “Basic Rent Deferral Period”) is $2,602,370.00 ($217,697.50 x 12 months less $10,000.00 reduction for Basic Rent due under the original Lease Term for period March 1, 2010 through March 31, 2010) net of the Sublease Basic Rent of $187,899.30 ($20,877.70 x 9 months) for a net total Deferred Basic Rent of $2,414,470.70 shall be amortized and paid to Landlord over one hundred twenty (120) months commencing March 1, 2010 through February 29, 2020 (the “Basic Rent Repayment Period”). The monthly amortized amount of the Deferred Basic Rent to be repaid during the Basic Rent Repayment Period is $20,120.59 per month and is included in the monthly Basic Rent detailed in Paragraph 4.C below. In the event of a monetary default that is not cured within the period allowed in the Lease, the full amount of the then remaining unamortized and/or unpaid portion of the Deferred Basic Rent shall be due in full upon the occurrence of such uncured monetary default.