Minimum Rental. Beginning with the Commencement Date and continuing through the Expiration Date or earlier termination of this Lease, Tenant shall pay Minimum Rental in accordance with the schedule set forth in Section 1(g) in equal monthly installments each in advance on or before the first day of each month. If the Commencement Date is a date other than the first day of a calendar month, the Minimum Rental shall be prorated daily from such date to the first day of the next calendar month and paid on or before the Commencement Date.
Minimum Rental. (a) Tenant shall pay to Landlord as minimum rental for the Property, in advance, without deduction, offset, notice or demand on or before the Commencement Date and on or before the first day of each subsequent calendar month of the term of this Lease, the following amounts per month: Months Minimum Rental 1–12 $ 159,200 13–24 188,800 25–36 200,800 37–48 206,400 49–60 215,200 61–72 217,600 73–84 188,800 85–96 195,200 97–108 200,800 109–120 207,200 121–132 189,600 A-3 133–144 196,800 145–156 203.200 157–168 211,200 169–180 219,200 If the obligation to pay minimum rental hereunder commences on other than the first day of a calendar month or if the term of this Lease terminates on other than the last day of a calendar month, the minimum rental for such first or last month of the term of this Lease, as the case may be, shall be prorated based on the number of days the term of this Lease is in effect during such month. If an increase in minimum rental becomes effective on a day other than the first day of a calendar month, the minimum rental for that month shall be the sum of the two applicable rates, each prorated for the portion of the month during which such rate is in effect.
Minimum Rental. Notwithstanding anything to the contrary contained in the Lease as hereby amended, commencing as of April 1, 2010, and continuing throughout the Extended Term, Tenant shall pay to Landlord monthly installments of Minimum Rental for the Premises as follows: Period During Extended Term Annualized Minimum Rental Monthly Installment of Minimum Rental Monthly Rental Rate per Rentable Square Foot April 1, 2010 - June 30, 2010 (subject to 4.2, below) $ 0.00 $ 0.00 $ 0.00 July 1, 2010 - March 31, 2011 $ 534,060.00 $ 59,340.00 $ 2.40 April 1, 2011 - 5. BRITANNIA POINTE GRAND BUSINESS PARK [Portola Pharmaceuticals, Inc.] [First Amendment] Period During Extended Term Annualized Minimum Rental Monthly Installment of Minimum Rental Monthly Rental Rate per Rentable Square Foot June 30, 1011 $ 732,849.00 $ 61,070.75 $ 2.47 July 1, 2011 - March 31, 2012* $ 1,530,639.20 $ 127,553.27 $ 2.47 April 1, 2012 - March 31, 2013 $ 1,580,214.60 $ 131,684.55 $ 2.55 April 1, 2013 - March 31, 2014 $ 1,623,593.00 $ 135,299.42 $ 2.62 April 1, 2014 - March 31, 2015 $ 1,673,168.40 $ 139,430.70 $ 2.70 * The minimum rental schedule for the period commencing on April 1, 2010 and ending June 30, 2011 is calculated based on the square footage of the Existing Premises only (i.e., 24,725 rentable square feet). The minimum rental schedule for the period commencing on July 1, 2011 and continuing throughout the remainder of the Extended Term, is based on the combined square footage of the Existing Premises and the Expansion Premises (i.e., 51,641 rentable square feet). In the event that the Millennium Lease is terminated prior to the Expansion Commencement Date, then the Expansion Premises shall be deemed to be part of the Premises pursuant to the terms of Section 2.3, above, and Tenant’s obligation to pay Minimum Rental and Tenant’s Operating Cost Share of the Operating Expenses shall be adjusted pursuant to the terms of Section 2.3, above. If Tenant has made any payments of Minimum Rental in excess of the amount required pursuant to this Section 4.1, such excess amount shall be credited toward the monthly installment(s) of Minimum Rental next coming due until such credit has been applied in full.
Minimum Rental. Notwithstanding anything in the foregoing or EXHIBIT D attached hereto to the contrary, in no event shall the Monthly Rent during the renewal period be less than the aggregate of the amounts of Monthly Rent and Additional Rent payable by Xxxxxx (for all of the Premises leased hereunder) under Paragraphs 2.c., 5 and 7 hereof for the calendar month immediately preceding the commencement of the renewal period.
Minimum Rental a. Tenant shall pay, as Minimum Rental with respect to the Additional Premises during the first twelve (12) months following the Minimum Rental Commencement Date (as defined below), (i) Two and 60/100 Dollars ($2.60) per rentable square foot per month for the Partially Improved Premises and (ii) One and 95/100 Dollars ($1.95) per rentable square foot per month for the Shell Premises. The following rental schedule is for the convenience of the parties: Lease Month Monthly Minimum Rental 1 - 12 $ 47,312.85 13 - 24 $ 48,732.24 25 - 36 $ 50,194.20 37 - 48 $ 51,700.03 49 - 60 $ 53,251.03 61 - 72 $ 54,848.56 73 - 84 $ 56,494.01 85 - 96 $ 58,188.83 97 – 10/5/2016 $ 59,934.50
Minimum Rental. Notwithstanding anything in the foregoing to the contrary, during the renewal period in no event shall the Monthly Rent under Paragraph 5 of the Lease be less than the Monthly Rent payable by Tenant (for all of the Premises leased hereunder) under Paragraphs 2.b. and 5 hereof for the calendar month immediately preceding the commencement of the renewal period. If the fair market rent is not established prior to the commencement of the renewal period, then Tenant shall continue to pay as Monthly Rent the sum in effect for Monthly Rent as of the last day of the initial term of the Lease and, as soon as the fair market rent is determined, Tenant shall immediately pay to Landlord any deficiency in the amount paid by Tenant during such period.
Minimum Rental. Starting on the Commencement Date (also being defined as the “Rent Commencement Date”) and continuing through the expiration of the Term of this Lease or the earlier termination of this Lease, Tenant shall pay the annual minimum rental (the “Minimum Rental”) which is payable in equal monthly installments, each in advance on or before the first day of each month. If the Rent Commencement Date is a date other than the first day of a calendar month, the Minimum Rental shall be prorated daily from such date to the first day of the next calendar month and paid on the Rent Commencement Date. The amount of Minimum Rental to be paid by Tenant during the Term shall be as follows: Months Minimum Rental Monthly Payment 1 - 12 $ 600,000.00 $ 50,000.00 13 – 24 $ 612,000.00 $ 51,000.00 25 – 36 $ 624,240.00 $ 52,020.00 37 – 48 $ 636,724.00 $ 53,060.40 49 – 60 $ 649,458.50 $ 54,121.54 61 – 72 $ 662,447.67 $ 55,204.00 73 – 84 $ 675,696.62 $ 56,308.05 85 – 96 $ 689,210.55 $ 57,434.21 97 – 108 $ 702,994.76 $ 58,582.90 109 – 120 $ 717,054.65 $ 59,754.55
Minimum Rental. Tenant shall, without demand or notice, pay to Landlord minimum annual rental ("Minimum Rental") in the amount as is set forth in the Lease Agreement which amounts shall be paid in equal monthly installments (or in the manner prescribed by Part 3 of the Lease to which this is an Exhibit without deduction, abatement or setoff in advance on or before the first day of each month throughout the term of this Lease. Minimum Rental for any partial calendar month shall be prorated at a daily rate based upon the number of days in the respective calendar year. Tenant shall not prepay any Minimum Rental more than one (1) month in advance of its due date.
Minimum Rental. Lessee shall pay Minimum Rent for the Demised Premises according to the following schedule. The Minimum Rent described below shall be payable during the Term , in advance without demand and without deduction, set-off, or counter claim (extent to the extent, demand, or notice shall be expressly provided for herein). At least thirty (30) days prior to the due date of the first installment of Minimum Rent, Lessor shall provide to Lessee wire instructions for the rent payment so that Lessee may make payments of Minimum Rent by wire transfer. Lessor shall further advise Lessee no less than thirty (30) days prior to any change of such wiring instructions.
Minimum Rental. Notwithstanding anything in the foregoing or Exhibit D attached hereto to the contrary, in no event shall the Monthly Rent during the renewal period be less than the Monthly Rent and Additional Rent payable by Tenant (for all of the Premises leased hereunder) under Paragraphs 2.c., 5 and 7 hereof for the calendar month immediately preceding the commencement of the renewal period. THIS LEASE IS EXECUTED by Landlord and Tenant as of the date set forth at the top of page 1 hereof. SHORENSTEIN REALTY INVESTORS, L.P., NORCAL WASTE SYSTEMS, INC., a California limited partnership a California corporation By Shorenstein Company, L.P., a California limited partnership, Manager By Shorenstein Management, Inc., a California corporation, its Agent By /s/ Dxxxxxx X. Xxxxxxxxxxx By: /s/ Mxxxxxx X. Xxxxxxxxxx Dxxxxxx X. Xxxxxxxxxxx Name: Mxxxxxx X. Xxxxxxxxxx President Title: President & CEO Landlord Tenant EXHIBIT A GOLDEN GATEWAYS COMMONS - BXXX. 0 0xx XXXXX XXXXX XXXX XXXXXXX XXXXXXX X RULES AND REGULATIONS GOLDEN GATEWAY COMMONS
