Monthly Rent and Operating Expenses. In addition to the Monthly Rent payable pursuant to Article 1(M) of the Lease, commencing as of the Effective Date, Tenant shall pay monthly rent for the Additional Premises in the amount of $31,114.80 (the “Additional Premises Rent”). Landlord agrees that the Additional Premises Rent shall be abated from the Effective Date through March 14, 2014. Notwithstanding the foregoing, on or before March 15, 2014, Tenant shall pay to Landlord an amount equal to $17,062.95, which amount shall represent the Additional Premises Rent due and payable with respect to the Additional Premises from March 15, 2014 - March 31, 2014. Commencing on April 1, 2014 and continuing on the first day of each month thereafter during the Additional Premises Term, Tenant shall pay Landlord the full Additional Premises Rent. There shall be no operating expense overages for the Additional Premises.
Monthly Rent and Operating Expenses