Common use of Rent Additional Rent Clause in Contracts

Rent Additional Rent. Lessee will pay to Lessor the annual sum of $ as Base Rent for the Premises during the first Lease Year. For the second Lease Year and for each succeeding Lease Year, Base Rent will increase by an amount equal to four percent (4%) of the Base Rent in payable in the prior Lease Year. In addition to Base Rent, Lessee will pay to Lessor as Additional Rent an amount equal to product obtained by multiplying the cost of a comparable bedspace in University Housing by the number of bedspaces in the Building that are unoccupied during the Spring semester or Fall semester of the University calendar. For purposes of this Lease, the aggregate of Additional Rent and Base Rent constitutes Rent. Base Rent is payable in full on August 1 of each Lease Year. Additional Rent is payable as accrued and determined, and will be billed on a periodic basis.

Rent Additional Rent. Lessee will pay to Lessor the annual sum of $ as Base Rent for the Premises during the first Lease Sublease Year. For the second Lease Sublease Year and for each succeeding Lease Sublease Year, Base Rent will increase by an amount equal to four percent (4%) of the Base Rent in payable in the prior Lease Sublease Year. In addition to Base Rent, Lessee will pay to Lessor as Additional Rent an amount equal to product obtained by multiplying the cost of a comparable bedspace in University Housing by the number of bedspaces in the Building that are unoccupied during the Spring semester or Fall semester of the University calendar. For purposes of this LeaseSublease, the aggregate of Additional Rent and Base Rent constitutes Rent. Base Rent is payable in full on August 1 of each Lease Sublease Year. Additional Rent is payable as accrued and determined, and will be billed on a periodic basis.