Annual Basic Rental definition
Annual Basic Rental means an amount equal to the product of the following applicable figure multiplied by Tenant's Floor Area (subject to adjustment as provided in Section 5.1.): Rental Years 1 - 2: $20.00 Rental Years 3 - 12: $30.00 Rental Years 13 - 15: $35.00
Annual Basic Rental the Annual Basic Rental for the Demised Premises shall commence on the Commencement Date at rate of Fourteen Dollars and 75/100 ($14.75) per USF. The Annual Basic Rental shall increase on June 1, 2010 and each Lease Year thereafter to a per USF amount equal to the sum of (i) Eight Dollars and 27/100 ($8.27), plus (ii) an amount determined by multiplying Six Dollars and 48/100 ($6.48) by a fraction, the numerator of which shall be the most recently published monthly Index (as hereinafter defined) preceding the first day of the Lease Year for which the adjustment is then being made and the denominator of which fraction shall be the monthly Index for the month preceding the Commencement Date of the Lease. The “Index” used herein shall be the Consumer Price Index for All Urban Consumers, U.S. City Average-All Items (1982-84 = 100), as published from time to time by the Bureau of Labor Statistics of the United States Department of Labor. If this Index shall be discontinued with no successor or comparable successor Index, the parties hereto shall attempt to agree upon a substitute formula, but if said parties are unable to agree upon a substitute formula, then the matter shall be determined by arbitration in accordance with the rules of the American Arbitration Association then prevailing.
Annual Basic Rental means the sum of $ 15.00 per square foot multiplied by the number of square feet in the floor area of the premises, which shall be subject to the proration as provided in this Agreement. $ 15.00 x 1500 sq. feet = $ 22,500.00 for the first year or $ 1875.00 per month. The annual basic rental shall increase each annual anniversary date on the basis of the Consumer Price Index for all Urban Consumers, New York, New York-Northeastern New Jersey, all items (Index average for all items was 100 in 1967) issued by the Bureau of Labor Statistics for the United State Department of Labor or by a *SEE BASIC LEASE PROVISION increase over the previous year's base rental, whichever is greater.
Examples of Annual Basic Rental in a sentence
Client shall not be liable for Annual Basic Rental with respect to the Expansion Premises until Landlord delivers possession of the Expansion Premises to Client.
Any Additional Rental which shall become due shall be payable, unless otherwise expressly provided herein, shall be paid with the next monthly installment of Annual Basic Rental.
Annual Basic Rental shall be payable without prior demand in equal monthly installments in advance commencing on the Rent Commencement Date and thereafter on the first day of each full calendar month during the Term of this Lease.
Lessor shall make such repairs and alterations as may be necessary in order to restore the part not taken to useful condition and the Annual Basic Rental shall be reduced proportionately as to the portion of the Premises so taken.
Tenant shall, within fifteen (15) business days after receipt of Landlord’s Notice, either (A) confirm that Tenant agrees with Landlord’s determination of the Option FMV, in which event such Option FMV shall then automatically become the Annual Basic Rental as of the commencement of the First Option Period, or (B) notify Landlord that Tenant disagrees with Landlord’s determination of the Option FMV.
More Definitions of Annual Basic Rental
Annual Basic Rental has the meaning ascribed to it in Section 2.8(a). “Approval” has the meaning ascribed to it in Section 3.4.1.
Annual Basic Rental shall, for each of Rental Years one through five, be an amount equal to $751,500.00 (payable in each monthly installments of $62,625.00) and for each of Rental Years six through ten, the Annual Basic Rental shall be an amount equal to $838,472.00 (payable in equal monthly installments of $69,872.66). On the first day of each Option Term and on the five year annual anniversary of the first day of each Option Term, the Annual Basic Rental shall increase by 10% over the amount of Annual Basic Rental for the immediately preceding Rental Year. Annual Basic Rental shall be subject to adjustment as set forth in Section 7.1(c).
Annual Basic Rental shall, for each Rental Year, be the amount of set forth below: 1 $ 740,753.00 $ 61,729.42 2 $ 757,419.94 $ 63,118.33 3 $ 774,461.89 $ 64,538.49 4 $ 791,887.28 $ 65,990.61 5 $ 809,704.74 $ 67,475.40 6 $ 827,923.10 $ 68,993.59 7 $ 846,551.37 $ 70,545.95 8 $ 865,598.78 $ 72,133.23 9 $ 885,074.75 $ 73,756.23 10 $ 904,988.93 $ 75,415.74 11 $ 925,351.18 $ 77,112.60 12 $ 946,171.58 $ 78,847.63 13 $ 967,460.44 $ 80,621.70 14 $ 989,228.30 $ 82,435.69 15 $ 1,011,485.94 $ 84,290.50 16 $ 1,034,244.37 $ 86,187.03 17 $ 1,057,514.87 $ 88,126.24 18 $ 1,081,308.95 $ 90,109.08 19 $ 1,105,638.40 $ 92,136.53 20 $ 1,130,515.26 $ 94,209.61 21 $ 1,155,951.85 $ 96,329.32 22 $ 1,181,960.77 $ 98,496.73 23 $ 1,208,554.89 $ 100,712.91 24 $ 1,235,747.38 $ 102,978.95 25 $ 1,263,551.70 $ 105,295.98 26 $ 1,291,981.61 $ 107,665.13 27 $ 1,321,051.20 $ 110,087.60 28 $ 1,350,774.85 $ 112,564.57 29 $ 1,381,167.28 $ 115,097.27 30 $ 1,412,243.54 $ 117,686.96 31 $ 1,444,019.02 $ 120,334.92 32 $ 1,476,509.45 $ 123,042.45 33 $ 1,509,730.91 $ 125,810.91 34 $ 1,543,699.86 $ 128,641.66 35 $ 1,578,433.11 $ 131,536.09 36 $ 1,613,947.85 $ 134,495.65 37 $ 1,650,261.68 $ 137,521.81 38 $ 1,687,392.57 $ 140,616.05 39 $ 1,725,358.90 $ 143,779.91 40 $ 1,764,179.48 $ 147,014.96 Additionally, Annual Basic Rental, shall for the first ten Rental Years, be subject to increase as provided for in Section 7.1(d). If Tenant elects to receive the Reduced Allowance, rather than the Allowance, pursuant to Section 7.1(c), then the Annual Basic Rental shall, for each Rental Year, be the amount of set forth below: 1 $ 563,000.00 $ 46,916.67 2 $ 575,667.50 $ 47,972.29 3 $ 588,620.02 $ 49,051.67 4 $ 601,863.97 $ 50,155.33 5 $ 615,405.91 $ 51,283.83 6 $ 629,252.54 $ 52,437.71 7 $ 643,410.72 $ 53,617.56 8 $ 657,887.46 $ 54,823.96 9 $ 672,689.93 $ 56,057.49 10 $ 687,825.46 $ 57,318.79 11 $ 703,301.53 $ 58,608.46 12 $ 719,125.81 $ 59,927.15 13 $ 735,306.14 $ 61,275.51 14 $ 751,850.53 $ 62,654.21 15 $ 768,767.17 $ 64,063.93 16 $ 786,064.43 $ 65,505.37 17 $ 803,750.88 $ 66,979.24 18 $ 821,835.28 $ 68,486.27 19 $ 840,326.57 $ 70,027.21 20 $ 859,233.92 $ 71,602.83 21 $ 878,566.68 $ 73,213.89 22 $ 898,334.43 $ 74,861.20 23 $ 918,546.95 $ 76,545.58 24 $ 939,214.26 $ 78,267.86 25 $ 960,346.58 $ 80,028.88 26 $ 981,954.38 $ 81,829.53 27 $ 1,004,048.35 $ 83,670.70 28 $ 1,026,639.44 $ 85,553.29 29 $ 1,049,738.83 $ 87,478.24 30 $ 1,073,357.95 $ 89,446.50 31 $ 1,097,508.51 $ 91,459.04 32 $ 1,122,202.45 $ 93,516.87 33 $ 1,147,452.00 $ 95,621.0...
Annual Basic Rental. Two Hundred Ten Thousand Eight Hundred Fifty and No/100 Dollars ($210,850.00) per year, payable in twelve (12) equal monthly installments of Seventeen Thousand Five Hundred Seventy and 83/100 Dollars ($17,570.83).
Annual Basic Rental means the then current annual basic rental due from the Developer to the CRA.
Annual Basic Rental means an amount equal to the product of the following applicable figure multiplied by Tenant's Floor Area (subject to adjustment as provided in Section 5.1.):
Annual Basic Rental. Tenant shall pay in advance on the first day of each month beginning on the Commencement Date base rent in accordance with the following schedule: Commencement Date thru 3/31/98: $12,044.38 per month 4/1/98 thru 3/31/99: $13,248.21 per month 4/1/99 thru 3/31/00: $14,570.25 per month 4/1/00 thru 3/31/02: $17,481.55 per month 4/1/02 thru 3/31/07: $20,991.63 per month