REFERENCE DATA; DEFINITIONS Sample Clauses

REFERENCE DATA; DEFINITIONS. A. Any reference in this Lease to the following subjects shall incorporate therein the data stated for the subject in this Section: LEASE DATE: September 19, 2006 LANDLORD: ESCORIAL OFFICE BUILDING I, INC. LANDLORD'S ADDRESS: Escorial Office Building One 1400 A▇▇▇▇▇▇ ▇▇▇ - ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ P▇ ▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇ Rico 00936-3908 TENANT: CARIBE WASTE TECHNOLOGIES, INC. TENANT'S ADDRESS: Escorial Office Building One 1400 A▇▇▇▇▇▇ ▇▇▇ - ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ LEASED PREMISES: As described in Exhibit A RENTABLE AREA OF LEASED PREMISES: approximately 1,842 rentable square feet (1,842 sq. ft.) using BOMA System of measurement. LEASE TERM: Five (5) years. Tenant shall have the right to terminate this lease at any time after one year, provided it gives Landlord written notice six (6) months prior to termination. In no event will the notice to vacate be submitted earlier than nine months after the lease commencement date. RENEWAL OPTION: Tenant shall have the right to extend the term of this Lease for an additional five (5) year period provided it gives Landlord written notice of its intention to renew no later than six (6) months prior to the expiration of the original term of this Lease. GUARANTOR: The Lease Agreement is unconditionally guaranteed by Interstate Business Corporation. COMMENCEMENT DATE: September 1st, 2006 INITIAL TERM TERMINATION DATE: August 31, 2011 SECURITY DEPOSIT: N/A BASIC RENT: $19.00 per rentable square foot ($34,998) per annum during the first year. MONTHLY INSTALLMENTS OF RENT: The first year includes an additional $10/sq.ft. estimated to be the operational expenses for the first year. Operational expenses will be adjusted after the base year (2006) according to audited financial statements. Basic Operational Monthly During Monthly Rent Expenses Rent Yr. 1 From Sept. 1st. 2006 thru December 31, 2006 2,916.50 1,535.00 4,451.50 Yr. 2 From January 1st. 2007 thru December 31, 2007 3,004.00 Adjusted to Adjusted Yr. 3 From January 1st. 2008 thru December 31, 2008 3,094.12 expenses according Yr. 4 From January 1st. 2009 thru December 31, 2009 3,186.95 fiscal yr. Oper. Yr. 5 From January 1st. 2010 thru August 31, 2011 3,282.56 Exp. Table of Contents TENANT'S PROPORTIONATE SHARE: 3.3315% BASE YEAR: The fiscal year for the Building ending on December 31, 2006. OPERATIONAL EXPENSES AJUSTMENT DATE: January 1st. of each year, starting on January 1st. 2007.