Fourth Expansion Premises. In addition to the Existing Premises, commencing on the Fourth Expansion Premises Commencement Date (as defined in Section 2 below), Landlord leases to Tenant, and Tenant leases from Landlord, the Fourth Expansion Premises.
Fourth Expansion Premises. (a) In consideration of the rents, terms, provisions and covenants of this Amendment and the Lease, Landlord hereby leases unto Tenant and Tenant hereby rents and accepts from Landlord the “
Fourth Expansion Premises. Commencing on the Fourth Expansion Premises Rent Commencement Date, Base Rent for the Fourth Expansion Premises shall be equal to $3.20 per rentable square foot of the Fourth Expansion Premises per month. Base Rent payable with respect to the Fourth Expansion Premises shall be increased, commencing on the later of (i) the first anniversary of the Fourth Expansion Premises Rent Commencement Date, or (ii) May 1, 2017, and on each subsequent anniversary of such date during the Base Term each, a “Fourth Expansion Premises Adjustment Date”) by multiplying the Base Rent payable with respect to the Fourth Expansion Premises immediately before such Fourth Expansion Premises Adjustment Date by 3% and adding the resulting amount to the Base Rent payable with respect to the Fourth Expansion Premises immediately before such Fourth Expansion Premises Adjustment Date.
Fourth Expansion Premises. Commencing on the Fourth Expansion Commencement Date and continuing throughout the Fourth Expansion Term, Tenant shall pay to Landlord monthly installments of Base Rent for the Fourth Expansion Premises as follows, and otherwise in accordance with the terms of the Lease: Period During Fourth Expansion Term Annual Base Rent Monthly Installment of Base Rent Approximate Monthly Rental Rate per Rentable Square Foot Fourth Expansion Months 1 – 12** $605,625.00 $50,468.75 $6.25 Fourth Expansion Months 13 – 24 $626,821.92 $52,235.16 $6.47* Fourth Expansion Months 25 – 36 $648,760.68 $54,063.39 $6.70* Fourth Expansion Months 37 – 48 $671,467.32 $55,955.61 $6.93* Fourth Expansion Months 49 – 60 $694,968.72 $57,914.06 $7.17* Fourth Expansion Month 61 – 72 $719,292.60 $59,941.05 $7.42* Fourth Expansion Month 73 – Fourth Expansion Expiration Date $744,467.88 $62,038.99 $7.68 *The calculation of the Approximate Monthly Rental Rate per Rentable Square Foot set forth above is an approximate calculation based on a 3.5% increase per annum and rounded to the nearest cent. Such approximation is provided for convenience only and the Monthly Installment of Base Rent and Annual Base Rent amounts set forth above shall control. **Subject to Section 4.3, below. On or before the Fourth Expansion Commencement Date, Tenant shall pay to Landlord the Base Rent payable for the Fourth Expansion Premises for the third (3rd) full calendar month of the Fourth Expansion Term.
Fourth Expansion Premises. Landlord and Tenant hereby agree to expand the Original Premises to include the expansion premises (which expansion premises is herein referred to as the “Fourth Expansion Premises”) designated on Exhibit A (which is attached hereto and made a part hereof). The Fourth Expansion Premises is located on the first floor of the 5200 Building, currently is known as Unit G, and contains approximately twelve thousand (12,000) rentable square feet.
Fourth Expansion Premises. Commencing on the Fourth Expansion Premises Commencement Date, Tenant shall pay Base Rent with respect to the Fourth Expansion Premises at the same per square foot rate of Base Rent that Tenant is then currently paying with respect to the Existing Premises as adjusted pursuant to Section 5(a) of the Second Amendment.
Fourth Expansion Premises. Tenant shall have the option (the "FOURTH EXPANSION PREMISES OPTION") to lease approximately 20,176 square feet as depicted on Exhibit A hereto (the "FOURTH EXPANSION PREMISES") for a period commencing as set forth below and terminating on the Expiration Date.
Fourth Expansion Premises. The Term of the Lease with respect to the Fourth Expansion Premises, as hereinafter defined, shall commence, retroactively, on May 1, 1999 (the "Fourth Expansion Premises Commencement Date") and shall be coterminous with the Term of the Lease with respect to the Original Premises and, accordingly, shall expire on the expiration date with respect to the Original Premises.
Fourth Expansion Premises b. As of the Fourth Expansion Premises Commencement Date, in addition to the payments of Basic Rental for the Original Premises as set forth herein above, Tenant shall pay Basic Rental for the Fourth Expansion Premises in the same manner as set forth in Section 3 of the Lease, in the following amounts: PERIOD BASIC RENTAL PSF MONTHLY BASIC RENTAL ANNUAL BASIC RENTAL 05-01-99 to 00-00-00 $16.27 $16,131.17 $193,574.04 10-01-99 to 10-00-00 $21.00 $20,825.00 $249,900.00 12-01-99 to 00-00-00 $21.00 $20,825.00 $249,900.00 03-01-00 to 10-00-00 $21.00 $20,825.00 $249,900.00 12-01-00 to 00-00-00 $21.63 $21,449.75 $257,397.00 03-01-01 to 10-00-00 $21.63 $21,449.75 $257,397.00 12-01-01 to 10-00-00 $22.25 $22,064.58 $264,774.96 12-01-02 to 10-00-00 $22.92 $22,726.52 $272,718.24 12-01-03 to 10-00-00 $23.61 $23,408.32 $280,899.84 12-01-04 to 10-00-00 $24.31 $24,110.57 $289,326.84 12-01-05 to 10-00-00 $25.04 $24,833.88 $298,006.56
Fourth Expansion Premises. Landlord hereby leases to Tenant and Tenant hereby leases from Landlord, the Fourth Expansion Premises. The Fourth Expansion Premises has been measured in accordance with the Building Owners and Managers Association Standard Method of Measurement (ANSI/BOMA Z65.1 1996). Notwithstanding anything in the Lease or in this Amendment to the contrary, Tenant is leasing the Fourth Expansion Premises in its as-is condition, broom clean, with all furniture, moveable fixtures, equipment and personal property removed and all base Building systems serving the Fourth Expansion Premises in good operating order and repair. Tenant shall cause the Fourth Expansion Premises to be built out in accordance with the Work Agreement that is attached to and made a part hereof as Exhibit B.
