Common use of The Basic Rent Clause in Contracts

The Basic Rent. for the Leased Premises during the Initial Term shall be at the rate per year set forth below: Years Annual Rate Monthly Rate ----- ------ ---- ------- ---- 1 through 5 $97,265.04 $8,105.42 The annual rate of Basic Rent for the Leased Premises during any Renewal Term shall be calculated as set forth in subsection 6.3 of this Agreement for the respective Renewal Term.

Appears in 1 contract

Sources: Lease Agreement (Palatin Technologies Inc)

The Basic Rent. for the Leased Premises during the Initial Term shall be at the rate per year set forth below: . Years Annual Rate Monthly Rate Installments ----- ------ ---- ------- ---- 1 ----------- -------------------- one through 5 three $97,265.04 470,225.04 $8,105.42 39,185.42 four and five $489,034.08 $40,752.84 The annual rate of Basic Rent for the Leased Premises during any Renewal Term shall be calculated as set forth in subsection 6.3 6.1.4 of this Agreement for the respective Renewal Term.

Appears in 1 contract

Sources: Lease Agreement (Enzon Inc)

The Basic Rent. for the Leased Premises during the Initial Term shall be at the rate per year set forth below: Years Annual Rate Monthly Rate ----- ------ ---- ------- ---- 1 through 5 . ANNUAL RATE MONTHLY RATE ----------- ------------ $97,265.04 127,269.96 $8,105.42 10,605.83 The annual rate of Basic Rent for the Leased Premises during any Renewal Term shall be calculated as set forth in subsection 6.3 of this Agreement for the respective Renewal Term.

Appears in 1 contract

Sources: Lease Agreement (Nelson Communications Inc)