Annual Basic Rent means the annual basic rent payable by Tenant for the Leased Premises that are subject, from time to time, to this Lease. During the Initial Term of this Lease, the Annual Basic Rent for each Property shall equal the Net Rentable Area of the Leased Premises for such Property multiplied by the applicable Annual Basic Rent Factor, except that the Annual Basic Rent for any Short Term Expansion Space shall equal the Fair Market Rental Value of such Short Term Expansion Space as provided in Article X. During the Renewal Terms of this Lease, the Annual Basic Rent for each Property shall equal the Fair Market Rental Value of the Leased Premises within such Property, subject, if applicable, to the limitations set forth in Section 1.4(c). The Annual Basic Rent due under this Lease shall equal the sum of all Annual Basic Rents due with respect to each Property. Annual Basic Rent shall be re-calculated each time there is a change in the Annual Basic Rent Factor or in Tenant’s Occupancy Percentage for a Property or a required conversion to, or adjustment in, the Fair Market Rental Value of a Property.
Annual Basic Rent means the annual basic rent payable by Tenant under this Lease for the Leased Premises, which Annual Basic Rent shall, from time to time, be equal to the sum of (I) the product of (i) the Annual Basic Rent Factor, multiplied by (ii) the Net Rentable Area of the Base Leased Premises, plus (II) if any Short-Term Additional Space is then part of the Leased Premises, then, as to each thereof, the product of (i) the STAS Basic Rental Factor for such Short-Term Additional Space, multiplied by (ii) the Net Rentable Area of such Short-Term Additional Space. The Annual Basic Rent due under this Lease shall be re-calculated each time there is a change in (x) the Net Rentable Area of the Leased Premises (due to additions to, or deletions from, the Leased Premises), (y) the Annual Basic Rent Factor (including a change in the Initial ABR Factor pursuant to the proviso in the definition thereof), or (z) the STAS Basic Rental Factor for any Short-Term Additional Space; with any such re-calculation being effective as of the date of such change. Upon any such re-calculation, Landlord and Tenant shall execute and deliver a written instrument confirming the same, and incorporating the same into this Lease. ________________________________________________________________________________________________________________________
Annual Basic Rent. December 15, 1997 through December 31, 1997-Rent at no charge. 1. $44,950.00 ($3,745.83/month) based upon a rental rate of $14.50 PSF 1/1/98 through 12/31/98. 2. $46,500.00 ($3,875.00/month) based upon a rental rate of $15.00 PSF 1/1/99 through 12/31/99 3. $48,050.00 ($4,004.17/month) based upon a rental rate of $15.50 PSF 1/1/2000 through 12/31/2000.
Examples of Annual Basic Rent in a sentence
The Annual Basic Rent and Additional Rent shall be pro rated to the earlier of the termination of this Lease or such date as Tenant is required to vacate the Leased Premises by reason of the taking.
Open symbols indicate adhesive (glass to polymer) failure, filled symbols indicate cohesive failure and “×” indicates EVA to EPDM interfacial adhesive failure.When used with crystalline silicon or with thin film PV on metal foils, EPDM will be required to maintain good adhesion to EVA.
If this Lease is not terminated as a result of a partial taking of the Leased Premises, the Annual Basic Rent and Additional Rent shall be equitably adjusted according to the rentable area of the Leased Premises and Building remaining.
Then, through legislation enable municipalities to backfill the tax space vacated by the current education levy with a municipal levy dedicated by legislation for application to municipal infrastructure investment.IFC RECOMMENDATION - Create an Equity Reserve Account for Smaller MunicipalitiesThe IFC recommends that the Government of Manitoba, as part of the revenue stream allocation, enshrine the following principle:16.
The Annual Basic Rent for the first full month of the Lease Term shall be paid upon the execution of this Lease.
More Definitions of Annual Basic Rent
Annual Basic Rent means the annual basic rent set out in Section 1.1(f);
Annual Basic Rent means the annual basic rent payable by Tenant for the Leased Premises that are subject, from time to time, to the Lease, which Annual Basic Rent shall be calculated as herein provided. During the Initial Term and any Initial Renewal Term of this Lease, the Annual Basic Rent shall be equal to the Net Rentable Area of the Leased Premises multiplied by the Annual Basic Rent Factor, except that the Annual Basic Rent for any Expansion Space shall equal the Fair Market Rental Value of such Expansion Space as provided in Article X. During the Extended Renewal Terms of this Lease, the Annual Basic Rent shall equal the Fair Market Rental Value of the Leased Premises as provided in Section 1.4(d); provided, however, that the Annual Basic Rent Factor used to calculate such Annual Basic Rent payable during an Extended Renewal Term shall not be greater than the Annual Basic Rent Factor for such Extended Renewal Term as set forth in Schedule 1 attached hereto. [Note: In the event Tenant executes a Continuing Term Separate Lease, references to Initial Renewal Term in this definition shall be omitted.]
Annual Basic Rent. Payable in advance, on the first day of each month, according to the following schedule: Lease Annual Basic Monthly Months Rent Payment --------------------------------------------------- 1 $0 $0 2 - 6 $59,557.56 $4,963.13 7 $0 $0 8 - 12 $59,557.56 $4,963.13 13 - 18 $61,357.44 $5,113.12 19 $0 $0 20 - 24 $61, 357.44 $5,113.12 25 - 39 $63,210.36 $5,267.53 (Article 3)
Annual Basic Rent means the amount specified as such in paragraph 4.1(a) hereof;
Annual Basic Rent. THIRTEN THOUSAND TWO HUNDRED AND 00/100 DOLLARS ($13,200.00), subject to increases of TEN PERCENT (10%) every FIVE (5) years.
Annual Basic Rent. $211,176.00. Monthly Basic Rent: $17,598.00. Year SEE RIDER, ITEMS #55 & #56
Annual Basic Rent. $218,652.00, calculated based upon $17.40 per Rentable Square Foot within the Premises per year. Annual Basic Rent is payable in monthly installments "Monthly Basic Rent") of $18,221.00, calculated based upon $1.45 per Rentable Square Foot within the Premises per month. The Annual Basic Rent is subject to adjustment at $.05 per square foot, annually.