Common use of Fixed Rent Clause in Contracts

Fixed Rent. (a) Tenant shall pay to Landlord a fixed rent (herein referred to as "fixed rent") as follows: (i) TWO HUNDRED FIFTY-THREE THOUSAND SIX HUNDRED EIGHTY and 00/100 ($253,680.00) DOLLARS per annum during the period commencing on the Commencement Date and ending on the last day of the month preceding the month in which occurs the third (3rd) anniversary of the Commencement Date; (ii) TWO HUNDRED SEVENTY THOUSAND FIVE HUNDRED NINETY-TWO and 00/100 ($270,592.00) DOLLARS per annum during the period commencing on the first day of the month in which occurs the third (3rd) anniversary of the Commencement Date and ending on the last day of the month preceding the month in which occurs the seventh (7th) anniversary of the Commencement Date; and (iii) TWO HUNDRED EIGHTY SEVEN THOUSAND FIVE HUNDRED FOUR and 00/100 ($287,504.00) DOLLARS per annum during the period commencing on the first day of the month in which occurs the seventh (7th) anniversary of the Commencement Date and ending on the Expiration Date. (b) Notwithstanding the provisions of Section 54(a) hereof, the fixed rent payable by Tenant during the one hundred and fifty (150) day period commencing on the Commencement Date shall be abated. The date immediately following the expiration of the foregoing abatement period is referred to herein as the "Rent Commencement Date."

Appears in 1 contract

Sources: Office Lease (Wall Street Strategies Corp)

Fixed Rent. Section 9 of the Sublease is hereby amended and modified to provide that (ai) Tenant Subtenant shall pay to Landlord a fixed Sublandlord rent (herein referred to as called the "fixed rentFixed Rent") as follows: (iinclusive of electricity) TWO HUNDRED FIFTY-THREE THOUSAND SIX HUNDRED EIGHTY and 00/100 ($253,680.00) DOLLARS per annum during for the Additional Subleased Premises for period commencing on the Commencement Date and ending on the last day of Expiration Date, both dates inclusive, at the month preceding the month in which occurs the third (3rd) anniversary of the Commencement Date; (ii) TWO HUNDRED SEVENTY THOUSAND FIVE HUNDRED NINETY-TWO and 00/100 ($270,592.00) DOLLARS per annum during the period commencing on the first day of the month in which occurs the third (3rd) anniversary of annual rates set forth below: From orn the Commencement Date through and ending on including the last day end of the month preceding twelfth (12th) month, the month Fixed Annual Rent shall be Six Hundred Five Thousand Nine Hundred Forty Nine Dollars and No Cents ($605,949 00), payable in which occurs equal monthly installments of $50,495.75; From the seventh (7th) anniversary beginning of the Commencement Date; and thirteenth (iii13th) TWO HUNDRED EIGHTY SEVEN THOUSAND FIVE HUNDRED FOUR and 00/100 ($287,504.00) DOLLARS per annum during the period commencing on the first day of the month in which occurs the seventh (7th) anniversary of following the Commencement Date through and ending on including the end of the twenty fourth (24th) month, the Fixed Annual Rent shall be Six Hundred Twenty Thousand Two Hundred Forty Dollars and Twenty Five Cents ($620,240.25), payable in equal monthly installments of $51,689.69; From the beginning of the twenty fifth (25th) month following the Commencement Date through and including the end of the thirty sixth (36th) month, the Fixed Annual Rent shall be Six Hundred Thirty Four Thousand Eight Hundred Eighty Eight Dollars and Seventy Eight Cents ($634,888 78), payable in equal monthly installments of $52,907 40; From the beginning of the thirty seventh (37th) month following the Commencement Date of this Lease through and including the end of the forty eighth (48th) month, the Fixed Annual Rent shall be Six Hundred Forty Nine Thousand Nine Hundred Three Dollars and Fifty Three Cents ($649,903.53), payable in equal monthly installments of $54,158.63; From the beginning of the forty ninth (49tth) month following the Commencement Date of this Lease through and including the end of the sixtieth (60th) month, the Fixed Annual Rent shall be Six Hundred Sixty Five Thousand Two Hundred Ninety Three Dollars and Sixty Four Cents ($665,293 64), payable in equal monthly installments of $55,441,14; From the beginning of the sixty first (61st) month through and including the end of the seventy second (72nd) month, the Fixed Annual Rent shall be Seven Hundred Thirty Eight Thousand Two Hundred Thirty Three Dollars and Fifty One Cents ($738,233 51), payable in equal monthly installments of $61,519.46; From the beginning of the seventy third (73td) month through and including the end of the eighty fourth (84th) month, the Fixed Annual Rent shall be Seven Hundred Fifty Five Thousand Eight Hundred Thirty One Dollars and Eighty Seven Cents ($755,831.87), payable in equal monthly installments of $62,985.99; From the beginning of the eighty fifth (85th) month through and including the end of the ninety sixth (96th) month, the Fixed Annual Rent shall be Seven Hundred Seventy Three Thousand Eight Hundred Seventy Dollars and Nineteen Cents ($'773,8'70..19), payable in equal monthly installments of $64,489..18; From the beginning of the ninety seventh (97th) month through and including the end of the one hundred eighth (108th) month, the Fixed Annual Rent shall be Seven Hundred Ninety Two Thousand Three Hundred Fifty Nine Dollars and Forty Seven Cents ($792,359 47), payable in equal monthly installments of $66,029.96; From the beginning of the one hundred ninth (109th) month through and including the end of the one hundred twentieth (120th) month, the Fixed Annual Rent shall be Eight Hundred Eleven Thousand Three Hundred Ten Dollars and Ninety Eight Cents ($811,310.98), payable in equal monthly installments of $67,609.02; From the beginning of the one hundred twenty first (1215f) month through and including the end of the one hundred thirty second (132nd) month, the Fixed Annual Rent shall be Eight Hundred Thirty Thousand Seven Hundred Thirty Six Dollars and Twenty Eight Cents ($830,73628), payable in equal monthly installments of $69,228 02; From the beginning of the one hundred thirty third (133`d) month through and including the Expiration Date. , the Fixed Annual Rent shall be Eight Hundred Fifty Thousand Six Hundred Forty Seven Dollars and Twenty One Cents (b) $850,647.21), payable in equal monthly installments of $70,887 27; Notwithstanding the provisions foregoing and provided that Subtenant is not then in default, Subtenant is being provided an abatement (the "Additional Subleased Premises Concession Period Abatement") and is being conditionally excused fiom the payment of Section 54(aFixed Rent in an amount equal to One Hundred Forty Two Thousand Nine Hundred Twelve Dollars and Fifty Cents ($142,912 50) hereofwhich represents and which shall be credited against, in the aggregate the Fixed Rent, exclusive of electricity, for the first three (3) months of the term of this Sublease for the Additional Subleased Premises. If at any time during the term of this Sublease Subtenant shall be in breach and/or default of this Sublease (after expiration of applicable notice and/or grace periods), the fixed rent Additional Subleased Premises Concession Period Abatement so conditionally excused shall become immediately due and payable by Tenant during the one hundred and fifty (150) day period commencing on the Commencement Date shall be abated. The date immediately following the expiration of the foregoing abatement period is referred Subtenant to herein as the "Rent Commencement Date."Sublandlord

Appears in 1 contract

Sources: Sublease (Dial Global, Inc. /De/)

Fixed Rent. (aA) Tenant shall pay to Landlord a The annual fixed rent for the Premises (herein the annual fixed rent payable hereunder for the Premises at any particular time being referred to herein as "fixed rent"the “Fixed Rent”) as followsshall be: (i1) TWO HUNDRED FIFTY-THREE THOUSAND SIX HUNDRED EIGHTY and 00/100 the product obtained by multiplying ($253,680.00x) DOLLARS per annum during the Electricity Inclusion Rate, by (y) the number of square feet of Rentable Area comprising the Premises, for the period commencing on the Commencement Date and ending on the last day of the month date immediately preceding the month in which occurs the third (3rd) anniversary of the Rent Commencement Date; (ii2) TWO HUNDRED SEVENTY THOUSAND FIVE HUNDRED NINETYTwo Hundred Nineteen Thousand Fifteen Dollars and Ninety-TWO and 00/100 Six Cents ($270,592.00219,015.96) DOLLARS ($18,251.33 per annum during month) for the period commencing on the first day of the month in which occurs the third (3rd) anniversary of the Rent Commencement Date and ending on the last day of the month immediately preceding the month in which occurs date that is one (1) year after the seventh Rent Commencement Date; (7th3) anniversary of Two Hundred Twenty-Four Thousand One Hundred Ninety-Eight Dollars and Four Cents ($224,198.04) ($18,683.17 per month) for the period commencing on the date that is one (1) year after the Rent Commencement Date and ending on the day immediately preceding the date that is two (2) years after the Rent Commencement Date; (4) Two Hundred Forty-One Thousand Two Hundred Forty-Two Dollars and Seventy-Two Cents ($241,242.72) ($20,103.56 per month) for the period commencing on the date that is two (2) years after the Rent Commencement Date and ending on the day immediately preceding the date that is three (3) years after the Rent Commencement Date; (5) Two Hundred Forty-Six Thousand Nine Hundred Eighty Dollars and Forty Cents ($246,980.40) ($20,581.70 per month) for the period commencing on the date that is three (3) years after the Rent Commencement Date and ending on the day immediately preceding the date that is four (4) years after the Rent Commencement Date; and (iii6) TWO HUNDRED EIGHTY SEVEN THOUSAND FIVE HUNDRED FOUR Two Hundred Fifty-Two Thousand Eight Hundred Sixty-One Dollars and 00/100 Sixty Cents ($287,504.00252,861.60) DOLLARS ($21,071.80 per annum during month) for the period commencing on the first day of date that is four (4) years after the month in which occurs the seventh (7th) anniversary of the Rent Commencement Date and ending on the Fixed Expiration Date. (b) Notwithstanding the provisions of Section 54(a) hereof, the fixed rent payable by Tenant during the one hundred and fifty (150) day period commencing on the Commencement Date shall be abated. The date immediately following the expiration of the foregoing abatement period is referred to herein as the "Rent Commencement Date."

Appears in 1 contract

Sources: Lease (Riverbed Technology, Inc.)

Fixed Rent. (aA) Tenant shall pay to Landlord a The annual fixed rent for the Space A (herein referred to as "fixed rent"the “Space A Fixed Rent”) as followsshall be: (i1) TWO HUNDRED FIFTY-THREE THOUSAND SIX HUNDRED EIGHTY Three Million Five Hundred Thirty Thousand Two Hundred Fifty Dollars and 00/100 No Cents ($253,680.003,530,250.00) DOLLARS ($294,187.50 per annum during month) for the period commencing on the Space A Rent Commencement Date and ending on the last day of the month immediately preceding the month in which occurs date that is four (4) years after the third (3rd) anniversary of the Space A Rent Commencement Date; (ii2) TWO HUNDRED SEVENTY THOUSAND FIVE HUNDRED NINETYThree Million Seven Hundred Sixty-TWO Five Thousand Six Hundred Dollars and 00/100 No Cents ($270,592.003,765,600.00) DOLLARS ($313,800.00 per annum during month) for the period commencing on the first day of date that is four (4) years after the month in which occurs the third (3rd) anniversary of the Space A Rent Commencement Date and ending on the last day of the month immediately preceding the month in which occurs date that is eight (8) years after the seventh (7th) anniversary of the Space A Rent Commencement Date; and (iii3) TWO HUNDRED EIGHTY SEVEN THOUSAND FIVE HUNDRED FOUR Four Million Nine Hundred Fifty Dollars and 00/100 No Cents ($287,504.004,000,950.00) DOLLARS ($333,412.50 per annum during month) for the period commencing on the first day of date that is eight (8) years after the month in which occurs the seventh (7th) anniversary of the Space A Rent Commencement Date and ending on the Fixed Expiration Date. (bB) Notwithstanding the provisions of Section 54(a) hereof, the The annual fixed rent payable by Tenant during for the one hundred Space B (the “Space B Fixed Rent”) shall be: (1) Five Hundred Ninety-Seven Thousand Nine Hundred Dollars and fifty No Cents (150$597,900.00) day ($49,825.00 per month) for the period commencing on the Space B Rent Commencement Date shall be abated. The and ending on the day immediately preceding the date that is four (4) years after the Space B Rent Commencement Date; (2) Six Hundred Thirty-Seven Thousand Seven Hundred Sixty Dollars and No Cents ($637,760.00) ($53,146.67 per month) for the period commencing on the date that is four (4) years after the Space B Rent Commencement Date and ending on the day immediately following preceding the expiration date that is eight (8) years after the Space B Rent Commencement Date; and (3) Six Hundred Seventy-Seven Thousand Six Hundred Twenty Dollars and No Cents ($677,620.00) ($56,468.33 per month) for the period commencing on the date that is eight (8) years after the Space B Rent Commencement Date and ending on the Fixed Expiration Date; (each of the foregoing abatement period is Space A Fixed Rent and the Space B Fixed Rent being referred to herein as the "“Applicable Fixed Rent”; the Space A Fixed Rent Commencement Dateand the Space B Fixed Rent being collectively referred to herein as the “Fixed Rent”)."

Appears in 1 contract

Sources: Lease Agreement (fuboTV Inc. /FL)

Fixed Rent. (a) Tenant Commencing on the Effective Date and continuing through the Rent Adjustment Date, as defined in the Lease, Fixed Rent shall pay to Landlord a fixed rent (herein referred to as "fixed rent") as follows: (i) TWO HUNDRED FIFTY-THREE THOUSAND SIX HUNDRED EIGHTY be Thirty Six and 00/100 50/100 Dollars ($253,680.0036.50) DOLLARS per annum during rentable square foot of office space per annum, being a total of Seven Hundred Fifty One Thousand Four Hundred Ninety Eight and 50/100 Dollars ($751,498.50) per annum, payable in monthly installments of Sixty Two Thousand Six Hundred Twenty Four and 88/100 Dollars ($62,624.88). From the period commencing on Rent Adjustment Date through the Commencement Date and ending on the last day of the month preceding the month in which occurs the third fifth (3rd5th) anniversary of the Commencement Rent Adjustment Date; (ii) TWO HUNDRED SEVENTY THOUSAND FIVE HUNDRED NINETY-TWO , the Fixed Rent shall be Forty and 00/100 Dollars ($270,592.0040.00) DOLLARS per annum during rentable square foot of office space per annum, being a total of Eight Hundred Twenty Three Thousand Five Hundred Sixty and 00/100 Dollars ($823,560.00), payable in monthly installments of Sixty Eight Thousand Six Hundred Thirty and 00/100 Dollars ($68,630.00). For the period commencing on from the first day of after the month in which occurs the third fifth (3rd5th) anniversary of the Commencement Rent Adjustment Date and ending on the last day of the month preceding the month in which occurs the seventh (7th) anniversary of the Commencement Date; and (iii) TWO HUNDRED EIGHTY SEVEN THOUSAND FIVE HUNDRED FOUR and 00/100 ($287,504.00) DOLLARS per annum during the period commencing on the first day of the month in which occurs the seventh (7th) anniversary of the Commencement Date and ending on to the Expiration Date, the Fixed Rent shall be Forty Three and 85/100 Dollars ($43.85) per rentable square foot of office space per annum, being a total of Nine Hundred Two Thousand Eight Hundred Twenty Seven and 65/100 Dollars ($902,827.65), payable in monthly installments of Seventy Five Thousand Two Hundred Thirty Five and 64/100 Dollars ($75,235.64). (b) Notwithstanding With respect to the provisions Renewal Terms described in Paragraph 24 of Section 54(a) hereofthe Lease, the fixed rent payable by Tenant during Fixed Rent for the one hundred and fifty first (1501st) day period commencing on the Commencement Date Renewal Term shall be abatedForty Nine and 14/100 Dollars ($49.14) per rentable square foot of office space per annum, being a total of One Million Eleven Thousand Seven Hundred Forty Three and 40/100 Dollars ($1,011,743.40), payable in monthly installments of Eighty Four Thousand Three Hundred Eleven and 95/100 Dollars ($84,311.95). The date immediately following During the expiration second (2nd) Renewal Term, the Fixed Rent shall be Fifty Five and 10/100 Dollars ($55.10) per rentable square foot of office space per annum, being a total of One Million One Hundred Thirty Four Thousand Four Hundred Fifty Three and 90/100 Dollars ($1,134,453.90) per annum, payable in monthly installments of Ninety Four Thousand Five Hundred Thirty Seven and 83/100 Dollars ($94,537.83). (c) Except as provided above, below, all items of Additional Rent and all other permitted charges under the Lease shall continue to be payable pursuant to the terms of the foregoing abatement period is referred to herein as the "Rent Commencement DateLease."

Appears in 1 contract

Sources: Lease Agreement (Majestic Capital, Ltd.)

Fixed Rent. (a) Tenant shall pay to Landlord a The annual fixed rent (herein referred to as "fixed rent"“Fixed Rent”) during the Term shall be as follows: (i) TWO HUNDRED FIFTY-THREE THOUSAND SIX HUNDRED EIGHTY and 00/100 From the date hereof through September 30, 2004, Two Hundred Ten Thousand ($253,680.00210,000.00) DOLLARS Dollars per annum during the period commencing on the Commencement Date and ending on the last day of the month preceding the month in which occurs the third (3rd) anniversary of the Commencement Date$17,500.00 per month); (ii) TWO HUNDRED SEVENTY THOUSAND FIVE HUNDRED NINETY-TWO and 00/100 From October 1, 2004 through September 30, 2005, Four Hundred Thirty Thousand Five Hundred ($270,592.00430,500.00) DOLLARS Dollars per annum during the period commencing ($35,875.00 per month); (iii) From October 1, 2005 through September 30, 2006, Four Hundred Forty One Thousand Two Hundred Sixty Two and 50/100 ($441,262.50) Dollars per annum ($36,771.88 per month); (iv) From October 1, 2006 through September 30, 2007, Four Hundred Fifty Two Thousand Two Hundred Ninety Four and 06/100 ($452,294.06) Dollars per annum ($37,691.17 per month); and (v) From October 1, 2007 through September 30, 2008, Four Hundred Sixty Three Thousand Six Hundred One and 41/100 ($463,601.41) Dollars per annum ($38,633.55 per month); (b) The Fixed Rent shall be payable in advance in equal monthly installments due on the first day of each month beginning on the date hereof. If the date hereof occurs on a day other than the first day of a calendar month in which or the Expiration Date occurs the third (3rd) anniversary of the Commencement Date and ending on a day other than the last day of a calendar month, then the month preceding Fixed Rent payable for the partial calendar month in which the date hereof or the Expiration Date occurs shall be prorated. Notwithstanding anything to the seventh contrary contained herein, Tenant shall be entitled to a credit (7ththe “Fixed Rent Credit”) anniversary in the aggregate amount of $2,000.00 to be applied against the Fixed Rent payable under this Lease, provided that Tenant shall not be entitled to apply any portion of the Commencement Date; andFixed Rent Credit at any time that Tenant is in default under this Lease. 37.02 If Tenant shall fail to pay when due any installment or payment of Fixed Rent or any other amounts payable hereunder (iiicollectively, “Additional Rent”) TWO HUNDRED EIGHTY SEVEN THOUSAND FIVE HUNDRED FOUR for a period of ten (10) business days after the date on which such installment or payment is due, Tenant shall pay interest thereon at the annual rate (the “Overdue Rate”) of two hundred (200) basis points above the “prime” rate charged from time to time by Citibank, N.A. (the “Prime Rate”) from the date on which such installment or payment is due to the date of payment thereof, and 00/100 such interest shall be deemed to be Additional Rent. 37.03 If the Fixed Rent or any Additional Rent shall be or become uncollectible by virtue of any law, governmental order or regulation, or direction of any public officer or body pursuant to law, Tenant shall enter into such agreement or agreements and take such other action ($287,504.00without additional expense to Tenant) DOLLARS per annum as Owner may reasonably request and as may be legally permissible, to permit Owner to collect the maximum Fixed Rent and Additional Rent which may from time to time during the continuance of such legal rent restriction be legally permissible, but not in excess of the amounts of Fixed Rent or Additional Rent payable under this lease and provided Tenant’s occupancy of the demised premises is not otherwise disturbed. Upon the termination of such rent restriction prior to the Expiration Date of this lease, (a) the Fixed Rent and Additional Rent, after such termination, shall become payable under this lease in the amount of the Fixed Rent and Additional Rent set forth in this lease for the period following such termination, and (b) Tenant shall pay to Owner, if legally permissible, an amount equal to (i) the Fixed Rent and Additional Rent which would have been paid pursuant to this lease, but for such rent restriction, less (ii) the Fixed Rent and Additional Rent paid by Tenant to Owner during the period commencing on the first day of the month that such rent restriction was in which occurs the seventh (7th) anniversary of the Commencement Date and ending on the Expiration Dateeffect. (b) Notwithstanding the provisions of Section 54(a) hereof, the fixed rent payable by Tenant during the one hundred and fifty (150) day period commencing on the Commencement Date shall be abated. The date immediately following the expiration of the foregoing abatement period is referred to herein as the "Rent Commencement Date."

Appears in 1 contract

Sources: Office Lease (Medidata Solutions, Inc.)

Fixed Rent. (a) Tenant shall pay to Landlord a The fixed rent (herein referred to as "fixed rent"“Fixed Rent”) shall be as follows: (ia) TWO HUNDRED FIFTY-THREE THOUSAND SIX HUNDRED EIGHTY and 00/100 ($253,680.00) DOLLARS per annum during for the period commencing on the Rent Commencement Date and ending on the last day of the month immediately preceding the month in which occurs the third fifth (3rd5th) anniversary of the Rent Commencement DateDate (the “First Rent Period”) Fifty Million Eight Hundred Sixteen Thousand Three Hundred Eighty-Nine and 19/100 Dollars ($50,816,389.19) per annum, payable in equal monthly installments of Four Million Two Hundred Thirty-Four Thousand Six Hundred Ninety-Nine and 10/100 Dollars ($4,234,699.10), based on the rate per annum of $59.99 per Qualified RSF of the Premises; (iib) TWO HUNDRED SEVENTY THOUSAND FIVE HUNDRED NINETY-TWO and 00/100 ($270,592.00) DOLLARS per annum during for the period commencing on the first day of the month in which occurs the third fifth (3rd5th) anniversary of the Rent Commencement Date and ending on the last day of the month immediately preceding the month in which occurs the seventh tenth (7th10th) anniversary of the Rent Commencement Date; andDate (the “Second Rent Period”) Fifty-Eight Million Four Hundred Forty Thousand One Hundred Eighteen and 19/100 Dollars ($58,440,118.19) per annum, payable in equal monthly installments of Four Million Eight Hundred Seventy Thousand Nine and 85/100 Dollars ($4,870,009.85), based on the rate per annum of $68.99 per Qualified RSF of the Premises; (iiic) TWO HUNDRED EIGHTY SEVEN THOUSAND FIVE HUNDRED FOUR and 00/100 ($287,504.00) DOLLARS per annum during for the period commencing on the first day of the month in which occurs the seventh tenth (7th10th) anniversary of the Rent Commencement Date and ending on the Expiration Date.day immediately preceding the fifteenth (15th) anniversary of the Rent Commencement Date (the “Third Rent Period”) Sixty-Six Million Sixty-Three Thousand Eight Hundred Forty-Seven and 19/100 Dollars ($66,063,847.19) per annum, payable in equal monthly installments of Five Million Five Hundred Five Thousand Three Hundred Twenty and 60/100 Dollars ($5,505,320.60), based on the rate per annum of $77.99 per Qualified RSF of the Premises; and (bd) Notwithstanding for the provisions of Section 54(a) hereof, the fixed rent payable by Tenant during the one hundred and fifty (150) day period commencing on the fifteenth (15th) anniversary of the Rent Commencement Date and ending upon the Expiration Date (or, if the Term is extended pursuant to Article 9, the date of expiration of the initial Term) (the “Fourth Rent Period”) Seventy-Three Million Six Hundred Eighty-Seven Thousand Five Hundred Seventy-Six and 19/100 Dollars ($73,687,576.19) per annum, payable in equal monthly installments of Six Million One Hundred Forty Thousand Six Hundred Thirty-One and 35/100 Dollars ($6,140,631.35), based on the rate per annum of $86.99 per Qualified RSF of the Premises. (e) Subject to the application of any credits under this Lease and the DCA, Fixed Rent shall be payable by Tenant in equal monthly installments in advance commencing on the Rent Commencement Date and on the first day of each calendar month thereafter (provided that if the Rent Commencement Date is not the first day of a month, then Fixed Rent for the month in which the Rent Commencement Date occurs shall be prorated (based on the number of days elapsed and the actual number of days in such month) and paid on the Rent Commencement Date). “Rent Commencement Date” means the later of (i) May 1, 2023 or (ii) the date occurring in the [****] month after the Possession Date (or such earlier date on which the Possession Date would have occurred but for any Tenant Delay) (such later date the “Rent Commencement Trigger”) which is the same numerical date in the month as the Rent Commencement Trigger (except that if no such numerical date shall exist in such [****] month, the Rent Commencement Date shall be abated. The date immediately following the expiration first day of the foregoing abatement period is referred [****] month), subject to herein as extension of the "Rent Commencement DateDate from time to time as provided in Sections 6.3(b), 7.4(f) and 7.5(b) of the DCA. If the Rent Commencement Date is extended pursuant to such Section 7.5(b) of the DCA, such extension shall be without duplication, and if there are multiple bases for extension of the Rent Commencement Date pursuant to Section 7.5(b) of the DCA, Tenant shall be entitled to an extension of the Rent Commencement Date for the longest period of delay."

Appears in 1 contract

Sources: Lease (BlackRock Inc.)

Fixed Rent. (ai) Tenant Subtenant shall pay to Landlord a fixed Sublandlord rent (herein referred to as "fixed rent"called the “Fixed Rent”) as follows: (iinclusive of electricity) TWO HUNDRED FIFTY-THREE THOUSAND SIX HUNDRED EIGHTY and 00/100 ($253,680.00) DOLLARS per annum during for the period commencing on the Commencement Date and ending on the last day of the month preceding the month in which occurs the third (3rd) anniversary of the Commencement Date; (ii) TWO HUNDRED SEVENTY THOUSAND FIVE HUNDRED NINETY-TWO and 00/100 ($270,592.00) DOLLARS per annum during the period commencing on the first day of the month in which occurs the third (3rd) anniversary of the Commencement Date and ending on the last day of the month preceding the month in which occurs the seventh (7th) anniversary of the Commencement Date; and (iii) TWO HUNDRED EIGHTY SEVEN THOUSAND FIVE HUNDRED FOUR and 00/100 ($287,504.00) DOLLARS per annum during the period commencing on the first day of the month in which occurs the seventh (7th) anniversary of the Rent Commencement Date and ending on the Expiration Date. , both dates inclusive, at the annual rates set forth below: From the Rent Commencement Date through and including the end of the twelfth (b12th) month, the Fixed Annual Rent shall be Four Hundred Ten Thousand Two Hundred Twenty Dollars and No Cents ($410,220.00), payable in equal monthly installments of $34,185.00; From the beginning of the thirteenth (13th) month following the Rent Commencement Date through and including the end of the twenty fourth (24th) month, the Fixed Annual Rent shall be Four Hundred Twenty One Thousand Five Hundred Sixty Four Dollars and Fifty Cents ($421,564.50), payable in equal monthly installments of $35,130.38; From the beginning of the twenty fifth (25th) month following the Rent Commencement Date through and including the end of the thirty sixth (36th) month, the Fixed Annual Rent shall be Four Hundred Thirty Three Thousand Two Hundred Forty Nine Dollars and Thirty Four Cents ($433,249.34), payable in equal monthly installments of $36,104.11; From the beginning of the thirty seventh (37th) month following the Rent Commencement Date of this Lease through and including the end of the forty eighth (48th) month, the Fixed Annual Rent shall be Four Hundred Sixty Six Thousand Six Hundred Sixty Four Dollars and Seventy Two Cents ($466,664.72), payable in equal monthly installments of $38,888.73; From the beginning of the forty ninth (49th) month following the Rent Commencement Date of this Lease through and including the end of the sixtieth (60th) month, the Fixed Annual Rent shall be Four Hundred Seventy Nine Thousand Seven Hundred Two Dollars and Fifty Six Cents ($479,702.56), payable in equal monthly installments of $39,975.21; From the beginning of the sixty first (61st) month following the Rent Commencement Date of this Lease through and including the end of the seventy second (72nd) month, the Fixed Annual Rent shall be Four Hundred Ninety Three Thousand One Hundred Thirty One Dollars and Fifty Three Cents ($493,131.53), payable in equal monthly installments of $41,094.29; From the beginning of the seventy third (73rd) month following the Rent Commencement Date of this Lease through and including the end of the eighty fourth (84th) month, the Fixed Annual Rent shall be Five Hundred Six Thousand Nine Hundred Sixty Three Dollars and Thirty Eight Cents ($509,963.38), payable in equal monthly installments of $42,246.95; From the beginning of the eighty fifth (85th) month following the Rent Commencement Date of this Lease through and including the end of the ninety sixth (96th) month, the Fixed Annual Rent shall be Five Hundred Forty Two Thousand Five Hundred Ninety Dollars and Eighteen Cents ($542,590.18), payable in equal monthly installments of $45,215.85; From the beginning of the ninety seventh (97th) month following the Rent Commencement Date of this Lease through and including the end of the one hundred eighth (108th) month, the Fixed Annual Rent shall be Five Hundred Fifty Seven Thousand Nine Hundred Five Dollars and Seventy Nine Cents ($557,905.79), payable in equal monthly installments of $46,492.15; From the beginning of the one hundred ninth (109th) month following the Rent Commencement Date of this Lease through and including the end of the one hundred twentieth (120th) month, the Fixed Annual Rent shall be Five Hundred Seventy Three Thousand Six Hundred Eighty Dollars and Eighty Six Cents ($573,680.86), payable in equal monthly installments of $47,806.74; From the beginning of the one hundred twenty first (121st) month following Rent Commencement Date of this Lease through and including the Expiration Date, the Fixed Annual Rent shall be Five Hundred Eighty Nine Thousand Nine Hundred Twenty Nine Dollars and Nineteen Cents ($589,929.19), payable in equal monthly installments of $49,160.77. Notwithstanding the provisions foregoing, and provided that the Subtenant is not then in default, Subtenant is being provided an abatement (the “Concession Period Abatement”) and is being conditionally excused from the payment of Section 54(aFixed Rent in an amount equal to Two Hundred Thirty Five Thousand Three Hundred Seventy Dollars and No Cents ($235,370.00) hereofwhich represents and which shall be credited against, in the aggregate, the Fixed Rent, exclusive of electricity, for: the first five (5) months of this Sublease for 10,690 square feet of the Subleased Premises; the thirteenth (13th) and fourteenth (14th) months of this Sublease for 5,845 square feet of the Subleased Premises and which represents the 23rd floor portion of the Subleased Premises; the thirteenth (13th), fourteenth (14th) and fifteenth (15th) months of this Sublease for 4,845 square feet of the Subleased Premises and which represents the 24th floor portion of the Subleased Premises. The amount of the rent concession is calculated on the fixed rent payable by Tenant during per square foot applicable at such time as the one hundred and fifty (150) day period commencing on the Commencement Date shall be abatedabatement is due. The date immediately following If at any time prior to the expiration of the foregoing abatement period Term, this Sublease shall be terminated by Sublandlord in accordance with the terms of this Sublease and/or applicable law by reason of a Subtenant breach and/or default by Subtenant with regard to (x) any monetary covenant on its part to be complied with or performed (after expiration of applicable notice and/or grace periods), and/or (y) any non-monetary covenant, agreement or term on its part to be complied with or performed (after expiration of applicable notice and/or grace periods), then, upon the occurrence such termination, and only upon such termination (as opposed to default and/or breach not resulting in a termination of this Sublease), the unamortized portion of the Concession Period Abatement so conditionally excused shall become immediately due and payable by Subtenant to Sublandlord. A schedule of the Fixed Rent and the Concession Period Abatement are more fully set forth in Exhibit E. (ii) The Fixed Rent shall be paid to Sublandlord in equal monthly installments in advance on or before the first day of each month during the term of this Sublease, except that the first month’s Fixed Rent shall be paid simultaneously with the execution hereof. Fixed Rent, Additional Rent (as hereinafter deemed) and other charges payable hereunder shall be paid promptly when due, without notice or demand therefore in the case of Fixed Rent (except where Additional Rent is referred due in fixed monthly payments and Subtenant has been provided with a notice of such monthly amount; in which event, monthly invoices on account of such Additional Rent items shall not be necessary), and without deduction, abatement, counterclaim or set off of any amount or for any reason whatsoever. Sublandlord shall give Subtenant notice of any change in Additional Rent or other charges payable hereunder; provided, however, that failure to herein give such notice shall not limit Sublandlord’s rights to collect Additional Rent or other charges due and payable hereunder retroactively after the giving of said notice and in no event shall failure to give such notice be deemed a waiver of Sublandlord’s rights to collect such Additional Rent or other charges payable hereunder. Sublandlord shall have the same remedies for a default in the payment of Additional Rent and other charges payable hereunder as it has for a default in the "payment of Fixed Rent. If the Rent Commencement DateDate or Expiration Date shall occur on a date other than the first (1st) day of a calendar month, the Fixed Rent for such month shall be pro-rated based on the number of days in such calendar month."

Appears in 1 contract

Sources: Sublease (Patients & Physicians, Inc.)

Fixed Rent. (a) Tenant shall pay to Landlord a fixed rent (herein referred to as "fixed rent") as follows: (i) TWO EIGHT HUNDRED FIFTY-THREE SIXTEEN THOUSAND SIX FIVE HUNDRED EIGHTY FIVE and 00/100 50/100 ($253,680.00816,505.50) DOLLARS per annum year during the period commencing on the Commencement Date and ending on the last day of the third (3) month preceding following the month in which occurs the third sixth (3rd6th) anniversary of the Commencement Date;. (ii) TWO EIGHT HUNDRED SEVENTY SIXTY SEVEN THOUSAND FIVE ONE HUNDRED NINETYFORTY-TWO ONE and 00/100 50/100 ($270,592.00867,141.50) DOLLARS per annum year during the period commencing on the first day of the fourth (4th) month following the month in which occurs the third sixth (3rd6th) anniversary of the Commencement Date and ending on the last day of the third (3rd) month preceding following the month in which occurs the seventh eleventh (7th11th) anniversary of the Commencement Date; , and (iii) TWO NINE HUNDRED EIGHTY SEVEN FORTY THREE THOUSAND NINETY-FIVE HUNDRED FOUR and 00/100 50/100 ($287,504.00943,095.50) DOLLARS per annum year during the period commencing on the first day of the fourth (4th) month following the month in which occurs the seventh eleventh (7th11th) anniversary of the Commencement Date and ending on the Expiration Date. (b) Notwithstanding the provisions of Section 54(a57(a) hereof, provided that Tenant is not then in default of any of the terms, conditions or covenants of this lease, the fixed rent payable by Tenant shall be partially abated as follows: (x) during the sixteen (16) month period commencing on the Commencement Date (the "First Abatement Period"), so that the fixed rent payable by Tenant during the one hundred First Abatement Period shall be at the rate of $4,747.13 per month, which amount represents the monthly installment of the ERIF (as such term is defined in Article 37 hereof) and fifty is subject to adjustment as is provided in Article 37, and (150y) day during the four (4) month period commencing beginning on the Commencement Date shall be abated. The date day immediately following the expiration of the foregoing abatement period is referred to herein as the "Rent Commencement Date."First Abatement

Appears in 1 contract

Sources: Office Lease (Launch Media Inc)

Fixed Rent. (aA) Tenant shall pay to Landlord a The annual fixed rent for the Premises (herein the annual fixed rent payable hereunder for the Premises at any particular time being referred to herein as the "fixed rentFixed Rent") as followsshall be: (i1) TWO HUNDRED FIFTYTwelve Million One Hundred Sixty-THREE THOUSAND SIX HUNDRED EIGHTY One Thousand Fifty-Two and 00/100 No/100 Dollars ($253,680.0012,161,052.00) DOLLARS per annum during ($1,013,421.00 per month) for the period commencing on the Rent Commencement Date and ending on the last day of the month immediately preceding the month in which occurs date that is the third fifth (3rd5th) anniversary of the Rent Commencement Date; (ii2) TWO HUNDRED SEVENTY THOUSAND FIVE HUNDRED NINETYThirteen Million Two Hundred Thirty-TWO Four Thousand Eighty-Six and 00/100 No/100 Dollars ($270,592.0013,234,086.00) DOLLARS per annum during ($1,102,840.50 per month) for the period commencing on the first day of date that is the month in which occurs the third fifth (3rd5th) anniversary of the Rent Commencement Date and ending on the last day of the month immediately preceding the month in which occurs date that is the seventh tenth (7th10th) anniversary of the Rent Commencement Date; and (iii3) TWO HUNDRED EIGHTY SEVEN THOUSAND FIVE HUNDRED FOUR Fourteen Million Three Hundred Seven Thousand One Hundred Twenty and 00/100 No/100 Dollars ($287,504.0014,307,120.00) DOLLARS per annum during ($1,192,260.00 per month) for the period commencing on the first day of date that is the month in which occurs the seventh tenth (7th10th) anniversary of the Rent Commencement Date and ending on the Fixed Expiration Date. (bB) Notwithstanding Subject to the provisions terms of this Section 54(a1.4(B), Tenant shall be entitled to a credit (the "650 Rent Credit") hereofat the rate of Eighty-Three Thousand Three Hundred Thirty-Three and 33/100 Dollars ($83,333.33) per month against the Fixed Rent that comes due hereunder for the period commencing on the Rent Commencement Date and ending on February 28, 2027. Tenant shall not be entitled to the 650 Rent Credit during any period in which a monetary or material non-monetary Event of Default has occurred and is continuing, provided that if (x) an Event of Default has occurred and is continuing at a time when Tenant would otherwise be entitled to the 650 Rent Credit, and (y) Tenant subsequently cures such Event of Default, then, (i) from and after the date Tenant cures such Event of Default, Tenant shall again be entitled to the 650 Rent Credit and (ii) the amount of the 650 Rent Credit that Tenant did not receive during the continuance of such monetary or material non-monetary Event of Default shall be applied to the Fixed Rent first coming due from and after the date that Tenant cures such Event of Default until thereafter exhausted (such that Tenant receives the entire 650 Rent Credit to which Tenant would have been entitled if no Event of Default had occurred). Nothing contained in this Section 1.4(B) diminishes Landlord's rights and remedies after the occurrence of an Event of Default. (C) The term "Rental" shall mean, collectively, the fixed Fixed Rent, the Escalation Rent, the additional rent payable by Tenant during the one hundred to Landlord hereunder, and fifty (150) day period commencing on the Commencement Date shall be abated. The date immediately following the expiration of the foregoing abatement period is referred all other amounts payable by Tenant to herein as the "Rent Commencement DateLandlord hereunder."

Appears in 1 contract

Sources: Lease (Clear Secure, Inc.)

Fixed Rent. (a) Tenant shall pay to Landlord a The fixed rent for the 19th Floor (herein referred to as "fixed rent19th Floor Rent") as follows: shall be (i) TWO HUNDRED FIFTY-THREE THOUSAND SIX HUNDRED EIGHTY and 00/100 ($253,680.00) DOLLARS per annum during for the period commencing on the Rent Commencement Date and ending on the last day of the month immediately preceding the month in which occurs the third (3rd) 5th anniversary of the Rent Commencement Date; (ii) TWO HUNDRED SEVENTY THOUSAND FIVE HUNDRED NINETY, Seven Hundred Nine Thousand Six Hundred Sixty-TWO Eight and 00/100 ($270,592.00709,668.00) DOLLARS Dollars per annum during annum, payable in equal monthly installments of Fifty-Nine Thousand One Hundred Thirty-Nine and 00/100 ($59,139.00) Dollars (an annual rate of $36.00 per rentable square foot contained in the 19th Floor), (ii) for the period commencing on the first day of the month in which occurs the third (3rd) 5th anniversary of the Rent Commencement Date and ending on the last day of the month immediately preceding the month in which occurs the seventh (7th) 10th anniversary of the Rent Commencement Date; and (iii) TWO HUNDRED EIGHTY SEVEN THOUSAND FIVE HUNDRED FOUR , Seven Hundred Sixty-Eight Thousand Eight Hundred Seven and 00/100 ($287,504.00768,807.00) DOLLARS Dollars per annum during annum, payable in equal monthly installments of Sixty-Four Thousand Sixty-Seven and 25/100 ($64,067.25) Dollars (an annual rate of $39.00 per rentable square foot contained in the 19th Floor) and (c) for the period commencing on the first day of the month in which occurs the seventh (7th) 10th anniversary of the Rent Commencement Date and ending on the Expiration Date. , Eight Hundred Twenty-Seven Thousand Nine Hundred Forty-Six and 00/100 (b$827,946.00) Notwithstanding Dollars per annum, payable in equal monthly installments of Sixty-Eight Thousand Nine Hundred Ninety-Five and 50/100 ($68,995.50) Dollars (an annual rate of $42.00 per rentable square foot contained in the provisions of Section 54(a) hereof, the 19th Floor). The fixed rent payable by Tenant during for the one hundred and fifty 19th Floor Mezzanine (150the "19th Floor Mezzanine Rent") day shall be, for the period commencing on the Rent Commencement Date and ending on the Expiration Date, Forty Thousand Four Hundred Forty and 00/100 ($40,440.00) Dollars per annum, payable in equal monthly installments of Three Thousand Three Hundred Seventy and 00/100 ($3,370.00) Dollars (an annual rate of $20.00 per rentable square foot contained in the 19th Floor Mezzanine). The 19th Floor Rent and the 19th Floor Mezzanine Rent shall collectively be referred to as the "Fixed Rent." Fixed Rent shall be payable by Tenant in equal monthly installments in advance on the Rent Commencement Date and on the first day of each calendar month thereafter; provided, that Tenant shall pay, upon the Possession Date, the first full monthly installment of Fixed Rent; and provided further, that if the Rent Commencement Date is not the first day of a month, then Fixed Rent for the month in which the Rent Commencement Date occurs shall be prorated and paid on the Rent Commencement Date. "Rent Commencement Date" means the date occurring in the sixth (6th) month after the Possession Date which is the same numerical date in the month as the Possession Date except that if no same numerical date shall exist in such sixth (6th) month, the Rent Commencement Date shall be abated. The date immediately following the expiration last day of the foregoing abatement period is referred to herein as the "Rent Commencement Datesuch sixth (6th) month."

Appears in 1 contract

Sources: Lease (Actv Inc /De/)

Fixed Rent. (a) Tenant shall pay to Landlord a The fixed rent (herein referred to as "fixed rent"“Fixed Rent”) shall be as follows: (i) TWO HUNDRED FIFTY-THREE THOUSAND SIX HUNDRED EIGHTY and 00/100 ($253,680.00) DOLLARS per annum during for the period commencing on the Commencement Date (subject to Section 2.02(b) hereof) and ending on the last day of the month immediately preceding the month in which occurs the third fifth (3rd5th) anniversary of the Rent Commencement Date, at the annual rate of Seven Million Five Hundred Twenty-Two Thousand Nine Hundred Fifty-Six and 00/100 Dollars ($7,522,956.00), payable in twelve (12) equal monthly installments of Six Hundred Twenty-Six Thousand Nine Hundred Thirteen and 00/100 Dollars ($626,913.00); (ii) TWO HUNDRED SEVENTY THOUSAND FIVE HUNDRED NINETY-TWO and 00/100 ($270,592.00) DOLLARS per annum during for the period commencing on the first day of the month in which occurs the third fifth (3rd5th) anniversary of the Rent Commencement Date and ending on the last day of the month immediately preceding the month in which occurs the seventh tenth (7th10th) anniversary of the Rent Commencement Date, at the annual rate of Seven Million Nine Hundred Seventy Thousand Seven Hundred Fifty-One and 00/100 Dollars ($7,970,751.00), payable in twelve (12) equal monthly installments of Six Hundred Sixty-Four Thousand Two Hundred Twenty-Nine and 25/100 Dollars ($664,229.25); and (iii) TWO HUNDRED EIGHTY SEVEN THOUSAND FIVE HUNDRED FOUR and 00/100 ($287,504.00) DOLLARS per annum during for the period commencing on the first day of the month in which occurs the seventh tenth (7th10th) anniversary of the Rent Commencement Date and ending on the Expiration Date, at the annual rate of Eight Million Four Hundred Eighteen Thousand Five Hundred Forty-Six and 00/100 Dollars ($8,418,546.00), payable in twelve (12) equal monthly installments of Seven Hundred One Thousand Five Hundred Forty-Five and 50/100 Dollars ($701,545.50). Fixed Rent shall be payable by Tenant in equal monthly installments in advance on the Commencement Date (subject to Section 2.02(b) hereof) and on the first day of each calendar month thereafter; provided, that Tenant shall pay, upon the execution and delivery of this Lease by Tenant, the first full monthly installment of Fixed Rent. (b) Notwithstanding anything to the contrary contained in this Lease, provided that Tenant shall not then be in default under any of the terms, covenants and conditions contained in this Lease beyond the expiration of any applicable notice and/or cure period, Tenant shall be entitled to an abatement of the Fixed Rent, Tax Payments and Operating Payments payable for the period (the “Abatement Period”) from the Commencement Date to (but not including) the date occurring in the tenth (10th) month after the Commencement Date which is the same numerical date in the month as the Commencement Date, except that if no same numerical date shall exist in such tenth (10th) month, the last day of such tenth (10th) month, as such date may be extended in accordance with the provisions of Section 54(a1.03(a) hereofabove (the “Rent Commencement Date”); provided, that (i) the fixed rent payable by Tenant during the one hundred and fifty (150) day period commencing on the Rent Commencement Date shall not occur prior to August 15, 2008, so long as during such Abatement Period Tenant shall not then be abated. The date immediately following in default under any of the terms, covenants and conditions contained in this Lease beyond the expiration of any applicable notice and/or cure period and (ii) during such Abatement Period, Tenant shall not be relieved of its obligation to pay the foregoing abatement period is referred Electric Charge applicable to herein such Abatement Period as determined in accordance with the "Rent Commencement Dateprovisions of Section 2.06, plus any Additional Charges (other than the Tax Payments and Operating Payments) accrued during such Abatement Period."

Appears in 1 contract

Sources: Lease (National Financial Partners Corp)

Fixed Rent. (a) From and after the date of this Agreement through and including the day immediately preceding the Additional Premises Commencement Date, Tenant shall continue to pay all amounts as set forth in the Lease with respect to the Existing Premises. (b) From and after the Additional Premises Commencement Date Tenant shall pay to Landlord a fixed rent (herein referred to as "fixed rent"herein, the “Fixed Rent”) as followsfor the Additional Premises in the following amounts: (i) TWO HUNDRED FIFTYFive Hundred Thousand Eighty-THREE THOUSAND SIX HUNDRED EIGHTY and 00/100 Five Dollars ($253,680.00500,085.00) DOLLARS per annum during payable in equal monthly installments in the amount of Forty-One Thousand Six Hundred Seventy-Three Dollars and Seventy-Five Cents ($41,673.75) for the period commencing on from the Additional Premises Commencement Date through and ending on including the last day of the month immediately preceding the month in which occurs the third first (3rd1st) anniversary of the Additional Premises Commencement Date; (ii) TWO HUNDRED SEVENTY THOUSAND FIVE HUNDRED NINETYFive Hundred Eleven Thousand Three Hundred Thirty-TWO Six Dollars and 00/100 Ninety-One Cents ($270,592.00511,336.91) DOLLARS per annum during payable in equal monthly installments in the amount of Forty-Two Thousand Six Hundred Eleven Dollars and Forty-One Cents ($42,611.41) for the period commencing on from the first day of the month in which occurs the third (3rd1st) anniversary of the Additional Premises Commencement Date through and ending on including the last day of the month immediately preceding the month in which occurs the seventh second (7th2nd) anniversary of the Additional Premises Commencement Date; and (iii) TWO HUNDRED EIGHTY SEVEN THOUSAND FIVE HUNDRED FOUR and 00/100 ($287,504.00) DOLLARS per annum during the period commencing on the first day of the month in which occurs the seventh (7th) anniversary of the Commencement Date and ending on the Expiration Date. (b) Notwithstanding the provisions of Section 54(a) hereof, the fixed rent payable by Tenant during the one hundred and fifty (150) day period commencing on the Commencement Date shall be abated. The date immediately following the expiration of the foregoing abatement period is referred to herein as the "Rent Commencement Date.";

Appears in 1 contract

Sources: Lease Agreement (Borderfree, Inc.)

Fixed Rent. (a) 2.2.1 Tenant shall pay to Landlord a fixed rent (herein referred to as called "fixed rentFixed Rent") as followsat the following rates for the following periods: (ia) TWO FIVE HUNDRED ELEVEN THOUSAND EIGHT HUNDRED SIXTEEN and 56/100 DOLLARS ($511,816.56) (i.e., $19.50 per rentable square foot of the Premises), per annum, for the period from the Commencement Date to and including the day immediately preceding the second (2nd) anniversary of the Commencement Date; (b) FIVE HUNDRED FIFTY-THREE ONE THOUSAND SIX ONE HUNDRED EIGHTY EIGHTY-SEVEN and 00/100 DOLLARS ($253,680.00551,187.00) DOLLARS (i.e., $21.00 per annum during rentable square foot of the Premises), per annum, for the period commencing on from the second (2nd) anniversary of the Commencement Date to and ending on including the last day of the month immediately preceding the month in which occurs the third (3rd) anniversary of the Commencement Date; (iic) TWO HUNDRED SEVENTY THOUSAND FIVE HUNDRED NINETYFIFTY-TWO SEVEN THOUSAND SEVEN HUNDRED FORTY-EIGHT and 00/100 72/100 DOLLARS ($270,592.00557,748.72) DOLLARS (i.e., $21.25 per annum during rentable square foot of the Premises), per annum, for the period commencing on the first day of the month in which occurs from the third (3rd) anniversary of the Commencement Date to and ending on including the last day immediately preceding the fourth (4th) anniversary of the month Commencement Date; (d) SIX HUNDRED TEN THOUSAND TWO HUNDRED FORTY- TWO and 72/100 DOLLARS ($610,242.72) (i.e., $23.25 per rentable square foot of the Premises), per annum, for the period from the fourth (4th) anniversary of the Commencement Date to and including the day immediately preceding the month in which occurs the seventh (7th) anniversary of the Commencement Date; and (iiie) SIX HUNDRED SIXTY-TWO THOUSAND SEVEN HUNDRED EIGHTY SEVEN THOUSAND FIVE HUNDRED FOUR THIRTY-SIX and 00/100 72/100 DOLLARS ($287,504.00662,736.72) DOLLARS (i.e., $25.25 per annum during rentable square foot of the Premises), per annum, for the period commencing on the first day of the month in which occurs from the seventh (7th) anniversary of the Commencement Date to and ending on including the Expiration Date. (b) Notwithstanding the provisions of Section 54(a) hereof, the fixed rent 2.2.2 The Fixed Rent shall be payable by Tenant during the one hundred and fifty (150) day period commencing on the Commencement Date shall be abated. The date immediately following and thereafter in equal monthly installments in advance on the expiration first day of each and every calendar month during the foregoing abatement period is referred to herein Term, except as the "Rent Commencement Datehereinafter provided in this Section 2.2."

Appears in 1 contract

Sources: Lease (Ion Networks Inc)