Increased Rent. As a result of the additional space added to the lease, Embassy's annual base rent shall be increased by $78,282 (4,349 additional square feet at $ 18.00 per square foot per year) or $6,523.50 per month.
Increased Rent. Notwithstanding Section of the Lease, the Base Rent under the Lease shall be increased by the amount of the “Increased TI Rent” as provided below:
Increased Rent. Commencing on the Increased Rent Commencement Date and continuing thereafter for the remainder of the Term, Tenant covenants and agrees to pay to Landlord in lawful money of the United States of America, during each Lease year, in addition to the Rent that is payable under the Lease, an annual rental in an amount equal to the reasonable cost paid by Landlord to complete Landlord's Work (not to exceed $550,000.00) ("Landlord's Cost") plus ten percent (10%) thereof, the sum of which shall be divided by the number of remaining years in the Term (the "Increased Rent"). By way of example and not limitation, assuming Landlord's Cost is $550,000.00, then $550,000.00 multiplied by 10% equals $55,000.00. The sum of $55,000 is added to Landlord's Cost of $550,000.00 totaling $605,000.00, which sum of $605,000.00 is divided by the number of remaining years in the Term which will be ten (10) years (pursuant to Paragraph 7 above). Accordingly, Tenant shall pay the amount of $60,500.00 annually as Increased Rent. The Increased Rent shall be payable in equal monthly installments each in the amount of $5,041.67, in advance on or before the first day of each and every calendar month of the Term of the Lease together with the Rent in the amount of $2,650.00 per month so that the total amount of the Increased Rent and Rent shall be $7,691.67 per month. The Increased Rent shall be paid in addition to and over and above all other Rent and other charges to be paid by Tenant under the Lease. Appropriate prorations shall be made if the Increased Rent Commencement Date is not on the first day of a calendar month, or if the date of termination of the Lease is not on the last day of a calendar month. Within thirty (30) days after the Increased Rent Commencement Date, Landlord shall provide Tenant with documentation substantiating Landlord's Cost. In the event Landlord's Cost is less than $550,000.00, then Increased Rent shall be recalculated utilizing the formula set forth above and the payment of Increased Rent shall be correspondingly adjusted.
Increased Rent. Notwithstanding anything to the contrary in the Sublease Agreement and/or the Addendum, during the period commencing on March 31, 2014 and ending at the end of the 2nd Extended Term, the monthly rent shall increase to $29 per sqm (gross).
Increased Rent. The Base Rent for the Leased Premises shall be increased as of the Effective Date by $18.00 per rentable square foot of the Additional Leased Premises, or $101,232 per year through the end of the said term. All other rental amounts in the Lease shall remain unchanged.
Increased Rent. For the term of this Sublease, and any extension and renewal of this Sublease, the Basic Rent set forth in Paragraph 4.3 of this Sublease shall be increased or decreased, as appropriate, by an amount equal to the sum of (i) eight percent (8%) of the amount of any rental increases or decreases, as applicable, imposed on Sublessor pursuant to Section 4 of the Master Lease, and (ii) the Cost of Living Increase (as determined in Paragraph 4.6 of this Sublease) attributable to that portion of the Basic Rent under this Sublease properly allocable to the improvements. For the purposes of this Paragraph 4.4, “Basic Rent under this Sublease properly allocable to the improvements” shall be determined by subtracting from the total Basic Rent for any given year, eight percent (8%) of the total rent payable by the Sublessor (as lessee) to the City of Los Angeles (as lessor) under Section 4 of the Master Lease for such year.”
Increased Rent. Upon the execution of this Amendment, the base rent shall be increased based on the addition of 68,052 square feet of Additional Premises at a base rent rate for the Additional Premises of $ per square foot. [TO BE INSERTED: THE LESSER OF $4.00 OR THE DOLLAR AMOUNT TO BE PAID UNDER PROLOGIS LEASE] The base rent shall not be further modified during the remaining term of the Industrial Lease.
Increased Rent. On the earlier to occur of the date of substantial completion of the Addition and the date of occupancy thereof by Tenant (such earlier date is hereinafter referred to as the "Addition Date"), the monthly Base Rent due under this Lease as set forth in Section 5.1 hereof shall be increased by one twelfth (1/12) of an amount equal to the product of the "Cost of Tenant's Work" (as hereinafter defined) multiplied by the Multiplier. As used herein, the date of substantial completion shall be the date on which the Village of Romeoville issues a permanent, temporary or conditional certificate of occupancy or otherwise acknowledges that Tenant may occupy the Addition; provided, however, that in the event that the Addition cannot be occupied due to work required to be performed, but which is not the obligation of Landlord to perform in accordance with the Plans, the Addition shall be deemed substantially complete. The increase in the monthly Base Rent ("Increased Rent") shall be payable monthly in the manner provided in Section 5.1 hereof. The Increased Rent shall increase on each July 1 during the Term following the Addition Date by an amount equal to one hundred and three percent (103 %) of the then Increased Rent.
Increased Rent. (i) City Work Provided Under Exhibit D. The base rent shall be temporarily increased to reflect the City’s direct out of pocket costs for reimbursable City work identified in Exhibit D to the extent the City’s reimbursable work exceeds the cost of Xxxxxx’s reimbursable work. Base rent shall be increased by not more than five (5%) percent of the gross sales derived from Tenant’s operations until the amount is repaid, upon completion of all Tenant and City Work and following City’s submission of receipts for the reimbursable work and approval of receipts by the Tenant. No separate addendum shall be required for this rent increase.
Increased Rent
