Base Monthly Rent definition
Base Monthly Rent means the fixed monthly rent payable by Tenant pursuant to Section 3.1 which is specified in Section K of the Summary.
Base Monthly Rent. The term“Base Monthly Rent” shall mean the following: Month Base Monthly Rent 01-12 $ 52,975.00 13-24 $ 54,034.50 25-36 $ 55,115.19 37-48 $ 56,217.49 49-60 $ 57,341.84 61-72 $ 58,488.68 73-84 $ 59,658.45 85-96 $ 60,851.62 Use: Office, research and development (including engineering labs) Tenant’s Proportionate Share: 100%
Base Monthly Rent means the following: Period Monthly Amount ------ -------------- 8/1/01-7/31/02 $327,888.58 At the end of the 12th month after the actual Lease Commencement Date and at the end of each 12 month period thereafter (until the Lease Expiration Date), Base Monthly Rent shall be increased at a rate of 3.5% per annum compounded annually.
Examples of Base Monthly Rent in a sentence
During the Transition Period and the Operating Period, Lessee shall pay Base Monthly Rent in accordance with this Article IV.
Lessee shall continue to pay all Base Monthly Rent by Automated Clearing House Debit unless otherwise directed by ▇▇▇▇▇▇.
If the date of such Total Condemnation is other than the first day of a month, the Base Monthly Rent for the month in which such Total Condemnation occurs shall be apportioned based on the date of the Total Condemnation.
Subject to Section 2.03, during the Property Term for each Property, on or before the first Business Day of each calendar month, Lessee shall pay to Lessor in advance the Equipment Storage Rent or Base Monthly Rent then in effect for such Property (as applicable).
More Definitions of Base Monthly Rent
Base Monthly Rent. The term "Base Monthly Rent" shall mean the following: Period Base Monthly Rent ------ ----------------- 12/27/01 - 12/26/04 $140,727.30 12/27/04 - 12/26/09 $153,953.55 12/27/09 - 12/26/11 $160,302.15
Base Monthly Rent means the following: January 1, 2015 through March 31, 2015 No Base Monthly Rent April 1, 2015 through December 31, 2015 $61,454.00 January 1, 2016 through December 31, 2016 $61,454.00 January 1, 2017 through December 31, 2017 $63,300.00 January 1, 2018 through December 31, 2018 $65,200.00 January 1, 2019 through December 31, 2019 $67,200.00 January 1, 2020 through December 31, 2020 $69,200.00 January 1, 2021 through December 31, 2021 $71,250.00 January 1, 2022 through March 31, 2022 $73,380.00
Base Monthly Rent. The term "Base Monthly Rent" shall mean the following: Period Base Monthly Rent per Rentable Square Foot Months 1-12 $2.812 Commencing with Month 13 of the Lease Term and at the end of each 12 month period thereafter (until the Lease Expiration Date), Base Monthly Rent shall be increased at a rate of 3.5% per annum compounded annually.
Base Monthly Rent. Base Monthly Rent" means the rental specified in Article 4 of this Lease.
Base Monthly Rent. The term "Base Monthly Rent" shall mean the fixed monthly rent payable by Tenant pursuant to PARA 3.1 which is specified iN SECTION K of the Summary.
Base Monthly Rent means the following:
Base Monthly Rent means, subject to adjustment as provided in the Lease, $2.00 per month per Rentable Square Foot, payable in advance, without deduction, offset, prior notice or demand, on the first day of each Month of the Term; (4) "Premises" means the part of the Building leased to Tenant for Tenant's exclusive use, consisting of the portions of the Building shown on Exhibit A to this Lease as Space A; (5) "Building" means the structure in which the Premises are located; (6) "Property" includes the Building and land on which it stands, commonly known as 1003 ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇; (▇) "Agents" includes employees, agents, guests, invitees and, when applied to tenant, subtenants and assignees; (8) "Day", "Month" and "Year" mean, respectively, calendar day/month/year; (9) "Lease Year" means consecutive 12-month periods starting on the Commencement Date; (10) "Common Area" means parts of the Building not for exclusive use by Tenants including halls, lobby, elevators, rest rooms, roof, exterior walls and structural components; (11) "Tax" means any form of assessment, license, fee, rent, tax, levy, penalty or tax imposed by any authority having direct or indirect taxing powers (including Improvement Districts) against Landlord's interest in the Property or personal property used in the operation of the Property and/or Landlord's business of renting the Property; (12) "Alteration" includes additions, deletions, modifications and changes to the Premises (including utility installations such as ducting, power panels, fluorescent fixtures, base heaters, conduit and wiring); (13) "Operating Expenses" are all expenses for maintenance, servicing, management and repair of the Property and the Premises inclusive of Taxes and insurance premiums; (14) "Base Year" means calendar year 1999; (15) Tenant's "Pro Rata Share" is the total cost of an item multiplied by 14% [Landlord may adjust Tenant's Pro Rata Share of specific Operating Expenses if Landlord reasonably determines that Tenant's usage warrants an adjustment]; (16) "Floor Area of the Premises" is measured from the exterior surface of exterior walls and from the center of walls separating the Premises from adjacent premises or common areas; (17) "Floor Area of the Building" is measured from the exterior surface of exterior walls including common and core areas; (18) "consent" and "approval" require reasonable conduct by the acting party; (19) "Regulation" includes all laws, ordinances statutes, regulations an...