Initial Base Rent. Seventy-Eight Thousand One Hundred Seventy-Nine and 16/100 Dollars ($78,179.16) per month.
Initial Base Rent. Tenant shall pay, without notice or demand, to Landlord or Landlord's agent at the management office of the Project, or at such other place as Landlord may from time to time designate in writing, in currency or a check for currency which, at the time of payment, is legal tender for private or public debts in the United States of America, base rent ("BASE RENT") as set forth in Section 6 of the Summary, payable in equal monthly installments as set forth in Section 6 of the Summary in advance on or before the first day of each and every month during the Lease Term, without any offset or deduction whatsoever except as otherwise expressly set forth in this Lease. Base Rent shall commence on the Lease Commencement Date. The Base Rent for the first full month of the Lease Term shall be paid on or before the date which is ninety (90) days after Landlord notifies Tenant in writing that it has commenced construction of the Base Shell and Core with respect to such Building. Landlord shall invest such payment of the first month's Base Rent in a Certificate of Deposit with a maturity date approximately that of the Lease Commencement Date in a financial institution selected by Landlord, and any interest accruing thereon shall be credited to Tenant's Base Rent obligations for the second (2nd) full month of the Lease Term. If any Rent payment date (including the Lease Commencement Date) falls on a day of the month other than the first day of such month or if any payment of Rent is for a period which is shorter than one month, the Rent for any fractional month shall accrue on a daily basis for the period from the date such payment is due to the end of such calendar month or to the end of the Lease Term at a rate per day which is equal to 1/365 of the Rent. All other payments or adjustments required to be made under the terms of this Lease that require proration on a time basis shall be prorated on the same basis.
Initial Base Rent. The initial monthly base rent for each respective portion of the Premises is as follows:
Initial Base Rent. Commencing on the Commencement Date, Tenant shall pay to Landlord for each calendar month of the term of this Lease, monthly base rent (hereafter called "Base Rent"), in the amount of Thirty Five Thousand Dollars ($35,000). Base Rent shall be subject to adjustment from time to time as set forth in Paragraph 3.2.
Initial Base Rent. Paragraph 51.1 of the Lease is hereby amended and ----------------- restated in its entirety to read as follows:
Initial Base Rent. Monthly Base Rent shall be an amount equal ------------------ to Thirty Thousand One Hundred Ninety Dollars ($30,190). Base Rent shall be payable on the first day of each month. Base Rent shall be subject to adjustment as provided in paragraph 51.2 below.
Initial Base Rent. Tenant shall pay to Landlord as initial Base Rent for the Premises, commencing upon the Commencement Date, an amount equal to the Monthly Base Rent Amount in equal monthly installments, subject to the rental adjustments provided in this Section 5.2 ("Base Rent"), each in advance on, or before, the first day of each and every calendar month during the Term; provided that Base Rent shall be abated until November 30, 2018 (the "Base Rent Abatement Period"). In the event that the Commencement Date occurs on a day other than the first day of a calendar month, then monthly Base Rent payable on or before the first day of the first month of the Base Rent Abatement Period shall be a prorated amount based on the actual number of days in such calendar month, based on a 360 day year, following the expiration of the Base Rent Abatement Period. For purposes of clarity, Tenant shall be responsible for all other Rent due pursuant to the terms of this Lease during the Base Rent Abatement Period.
Initial Base Rent. Tenant shall pay Base Rent to Landlord (or other entity designated by Landlord), in advance, on the first day of each calendar month of the Term, at Landlord's address for notices (as set forth in the Basic Lease Information) or at such other address as Landlord may designate. The Base Rent shall be the amount set forth in the Basic Lease Information.
Initial Base Rent. Commencing on the Effective Date and continuing until the date which is twenty (20) calendar months after the Effective Date, the monthly Base Rent shall be Thirty Seven Thousand Four Hundred Forty Dollars ($37,440) (the "NEW BASE RENT"). Provided, however, if the Effective Date occurs on a date other than the first day of a calendar month, the New Base Rent shall commence on the Effective Date and continue until the date which is twenty (20) months after the first day of the calendar month immediately following the calendar month in which the Effective Date occurs. The first day after the last day of the twenty (20) month period referred to above is hereinafter referred to as the "FIRST ADJUSTMENT DATE".
Initial Base Rent. Monthly Base Rent shall be an amount equal to ----------------- the lesser of: (i) Twenty Nine Thousand Four Hundred and Twenty Five Dollars ($29,425), or (ii) one percent (1%) of the Development Cost. Base Rent shall be payable on the first day of each month commencing on the Commencement Date.
