Rent Calculation Sample Clauses

Rent Calculation. During the first 12 months of this Lease, Tenant shall pay to Landlord, with respect to each calendar year or fractional calendar year, as the case may be, total rental payments in the monthly sum of Five Hundred Eighty Seven Dollars ($ 587.00), being the sum of: (a) Subsidized Rent of Four Hundred Seventy Dollars ($ 470.00) [being the product of $ 12.80, the subsidized annual rent per square foot, and 440square feet, the area of the Leased Premises, divided by 12 months]; and (b) common area monthly rent of One Hundred Seventeen Dollars ($ 117.00), representing a surcharge of twenty-five percent (25%) of the basic monthly rent to cover the Landlord's cost of maintaining and improving the common areas within the building. During subsequent 12 Month periods of this Lease, by similar calculation, Tenant shall pay to Landlord, with respect to each calendar year or fractional calendar year, as the case may be, total rental payments as follows:
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Rent Calculation. The Parties hereby agree that the Base Rent payable pursuant to Section 4.1.1 during the Initial Term commencing upon the Open Date of this Lease, shall be calculated (“Base Rent Calculation”) using a standard financial amortization schedule. The amortization schedule shall calculate the principal and interest of the actual Construction Cost of Hotel, over a ten (10) year period using the following annual interest rates: Year One (1) and Year Two (2): two and one half percent (2.5%); Year Three (3) and Year Four (4): three and one half percent (3.5%); Year five (5) through Year Ten (10): four and one half percent (4.5%). For purposes of the Base Rent Calculation, Construction Costs and Soft Costs shall not exceed Landlord’s Project GMP of eight million two hundred eighteen thousand nine hundred forty-eight dollars and forty-six cents ($8,218,948.46) . The Base Rent Calculation for Year One (1) shall commence on the Hotel Open Date, but the first Base Rent payment shall not be due until January 1, 2014, as reflected in the Base Rent Schedule. Tenant further agrees that as part of the Base Rent Calculation, Tenant shall pay an amount equal to two percent (2%) per annum of the Construction Costs from October 24, 2011, until the Open Date, and such payment shall be included in the calculation of the amortized Base Rent Schedule and shall be paid as part of the Base Rent on a monthly basis during the Initial Term of this Lease; For any Additional Term, the parties agree that Base Rent shall be adjusted annually on the anniversary of the Open Date by an amount equal to one percent (1%) in excess of the percentage change in the CPI (as defined below) over the most recent twelve (12) month period preceding such anniversary date for which the CPI has been calculated and reported. For purposes of this Lease, the Term “CPI” shall mean the Consumer Price Index for the geographic area that includes Rising Sun, Indiana, as calculated and reported by the Bureau of Labor Statistics of the U.S. Department of Labor. Tenant shall be entitled to a credit on any Base Rent payments made based on the Project GMP if actual Construction Costs or Soft Costs are determined to be less than accounted for in Project GMP. Should Tenant be entitled to a credit, the monthly Base Rent payment(s) following such determination shall be reduced by the difference of the previously paid Base Rent and the revised Base Rent Calculation (as defined in 4.2.1) based on actual Construction Costs.
Rent Calculation. For the purposes of this Lease, "Initial Rent" shall mean Three Hundred Sixty Eight Thousand and no/100 Dollars ($368,000.00) per annum. "Adjusted Rent" shall mean a per annum amount, calculated on June 1, 1996 and June 1 of every fifth year thereafter, equal to the sum of $368,000, plus (or minus, in the event of decrease) (x), plus (or minus, in the event of decrease) (y), where (x) equals 13,000 (the approximate number of office square feet in the Leased Premises) multiplied by the amount by which the then-existing NAIOP Office Rate has increased or decreased in comparison with the 1991 NAIOP Office Rate, and (y) equals 62,000 (the approximate number of warehouse square feet in the Leased Premises) multiplied by the amount by which the then- existing NAIOP Warehouse Rate has increased or decreased in comparison with the 1991 NAIOP Warehouse Rate. For the purposes of this Section 4.2, the term "NAIOP Office Rate" shall mean the stated "average" office space rental rate (measured in annual dollars and cents per square foot) for "office warehouse" properties in the "Southwest Suburban" submarket (or other appropriate description of the submarket in which the Leased Premises are located), as published by the Minnesota Chapter of the National Association of Industrial Office Parks in the June update to their annual Industrial Space Update, and the term "NAIOP Warehouse Rate" shall mean the stated "average" warehouse space rental rate (measured in annual dollars and cents per square foot) for "office warehouse" properties in the "Southwest Suburban" submarket (or other appropriate description of the submarket in which the Leased Premises are located), as published by the Minnesota Chapter of the National Association of Industrial Office Parks in the June update to their annual Industrial Space Update. In the event that the National Association of Industrial Office Parks ceases to publish the data necessary to calculate the "NAIOP Warehouse Rate" and/or "NAIOP Office Rate", Landlord and Tenant shall reasonably agree on an alternative method for calculating these amounts. The applicable NAIOP Office Rate for 1991 and 1996, respectively, was $6.88 psf and $6.87 psf, and the applicable NAIOP Warehouse Rate for 1991 and 1996, respectively, was $3.48 psf and $3.56 psf The Adjusted Rent effective as of October 1, 1996, is $372,829.92. Notwithstanding anything contained herein to the contrary, in no event shall the annual rent payable by Tenant hereunder be less than...
Rent Calculation. Tenant shall pay the Landlord as Rent for the Premises the sum of Twenty-Seven Thousand Seven Hundred Eighty-Six Dollars ($27,786.00) in respect to the first year of the Term, payable in advance and without notice in equal monthly installments of Two Thousand Three Hundred Fifteen Dollars and Fifty Cents ($2,315.50) beginning on the Commencement Date on the first day of each calendar month thereafter during the Term. (Rent is composed of Base Rent of $16.50 per square foot and Variable Operating Expenses of $5.50 per square foot) (D)
Rent Calculation. Rent shall be calculated as an amount equal to one hundred percent (100%) of the amount of the principal and interest payments on the portion of the Leasehold Loan used to finance the Tenant Improvements, which total amount and monthly payment amounts (which shall be based on a ten-year (10-year) amortization schedule with equal monthly payments) shall be certified by Leasehold Lender in the Affidavit of Completion and attached as an addendum to this Lease.
Rent Calculation. Based on the rentable square footage of the Building, the following monthly Rent is payable during the Initial Term: Months Rent Factor Monthly Rent 01 - 12 $1.85 $ 13 - 24 $1.90 $ 25 - 36 $1.95 $ 37 - 48 $2.00 $ 49 - 60 $2.05 $ 61 - 72 $2.10 $ 73 - 84 $2.15 $ 85 - 96 $2.20 $ 97 - 108 $2.25 $ 109 - 120 $2.30 $ The parties are executing this Certificate as of the date first above written. COUNTY LESSOR COUNTY OF CONTRA COSTA, a CITY OF SAN PABLO, a municipal subdivision of the State of California corporation of the State of California By: By: Xxxxx X. Xxxxxx Name:
Rent Calculation. During Lease Renewal Term, beginning July 1, 2013 and ending June 30, 2014, Tenant shall pay to Landlord, with respect to each calendar year or fractional calendar year, as the case may be, total rental payments in the monthly sum of Twenty Thousand Four-Hundred and Sixteen Dollars and Sixty-Seven Cents ($20,416.67), being the product of the square footage of the Building (70,000 sq ft) multiplied by the rent per square foot ($3.50), which is Two Hundred and Forty-Five Thousand Dollars and Zero Cents ($245,000.00), divided by twelve (12) months. Tenant shall have the option to extend the Lease Renewal Term for an additional one year period, beginning July 1, 2014 and ending June 30, 2015, with the same lease and payment terms. Tenant shall have the option to extend the Lease Renewal Term for a second one-year period, beginning July 1, 2015 and ending June 30, 2016, with the following change in lease/payment requirements: Tenant shall pay to Landlord, with respect to each calendar year or fractional calendar year, as the case may be, total rental payments in the monthly sum of Twenty-Two Thousand One-Hundred and Sixty-Six Dollars and Sixty-Seven Cents ($22,166.67), being the product of the square footage of the Building (70,000 sq ft) multiplied by the rent per square foot ($3.80), which is Two Hundred and Sixty-Six Thousand Dollars and Zero Cents ($266,000.00), divided by twelve (12) months.
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Rent Calculation. 7.1 The rent to be reserved under the Lease (therein defined as the “Initial Rent”) shall be fifty-nine euro seventy-five cents (€59.75) per square foot of the Floor Area of the Office Premises calculated in accordance with the Measuring Code, together with a sum of seven euro fifty (€7.50) per square foot of the Floor Area for the Basement Storage Area and three thousand seven hundred and fifty euro (€3,750) in respect of each of the thirty one (31) car parking spaces. The Floor Area of the Demised Premises shall be measured and ascertained by the Landlord and the Tenant on such date as the Landlord shall notify to the Tenant and in the event of there being a dispute as to the Floor Area the matter shall be determined by an Independent Chartered Surveyor as set out hereunder:-
Rent Calculation. Annual Rental shall be calculated based upon a fifteen percent (15%) capitalization rate of the difference of the Project Cost less (i) the Incentives, [(ii) the Tenant capital contributions (if any),] (iii) the Escrow Amount (as defined in Section 31 below) and (iv) the value of warrants issued by Tenant to Tiger Trust pursuant to [reference to agreement]. For example, based upon an assumed Project Cost of $150,137,402, Incentives in the amount of $7,000,000, an Escrow Amount of $10,000,000 and the value of warrants issued by Tenant of $18,750,000, the Annual Rental would be $17,158,110 ($150,137,402 - $35,750,000 = $114,387,402 x 0.15 = $17,158,110 and each monthly installment of Basic Rent would be $1,429,833.
Rent Calculation. Tenant shall pay to Landlord, with respect to each calendar year or fractional calendar year, as the case may be, total rental payments in the monthly sums as follows: Initial Term: Rate PSF Total SF Rent/Yr Rent/Mo Mo IT Chg Total Mo Payment 7/1/15 – 6/30/17 $3.75 70,000 $262,500.00 $21,875.00 $140.00 $22,015.00
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