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” 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 fixed monthly rent payable by Tenant pursuant to ¶3.1 which is specified in Section K of the Summary.

Examples of Base Monthly Rent in a sentence

  • Tenant acknowledges that the late payment by Tenant of any monthly installment of Base Monthly Rent or any Additional Rent will cause Landlord to incur certain costs and expenses not contemplated under this Lease, the exact amounts of which are extremely difficult or impractical to fix.

  • The failure by Tenant to pay any Additional Rent as required pursuant to this Lease when due shall be treated the same as a failure by Tenant to pay Base Monthly Rent when due, and Landlord shall have the same rights and remedies against Tenant as Landlord would have had Tenant failed to pay the Base Monthly Rent when due.

  • In the event of a taking of the Leased Premises which does not result in a termination of this Lease (other than a temporary taking), then, as of the date possession is taken by the condemning authority, the Base Monthly Rent shall be reduced in the same proportion that the area of that part of the Leased Premises so taken (less any addition to the area of the Leased Premises by reason of any reconstruction) bears to the area of the Leased Premises immediately prior to such taking.

  • Any such holding over to which Landlord has consented shall be construed to be a tenancy from month to month, on the same terms and conditions herein specified insofar as applicable, except that the Base Monthly Rent shall be increased to an amount equal to one hundred fifty percent (150%) of the Base Monthly Rent payable during the last full month immediately preceding such holding over.

  • Tenant hereby acknowledges that late payment by Tenant to Landlord of Base Monthly Rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which is extremely difficult to ascertain.


More Definitions of Base Monthly Rent

Base Monthly Rent. The term "Base Monthly Rent" shall mean 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.
Base Monthly Rent means the following: Thirty Two Thousand Four Hundred Forty Dollars ($32,440.00) for each month of the first four (4) months of the Lease Term. Sixty-three Thousand Six Hundred Dollars ($63,600.00) for months five (5) through twenty (20) of the Lease Term. Sixty-six thousand Two Hundred Fifty Dollars ($66,250.00) for months twenty-one (21) through thirty-two (32) of the Lease Term. The Base Monthly Rent shall be increased by Two Thousand Six Hundred Fifty Dollars ($2,650.00) at the start of the thirty-third (33rd) month of the Lease Term and by an additional Two Thousand Six Hundred Fifty Dollars ($2,650.00) at the start of each subsequent twelve (12) month period following the thirty-third (33rd) month of the Lease Term throughout the Term of the Lease.
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 Base Monthly Rent per rentable square foot* Base Monthly Rent** Months 1-12 $0.00 $0.00 (abated) Months 13-24 $3.02 $874,640.00 10 Building E Months 25-36 $3.11 $900,879.20 Months 37-48 $3.18 $921,148.98 Months 49-60 $3.24 $939,571.96 Months 61-72 $3.30 $958,363.40 Months 73-84 $3.37 $977,530.67 Months 85-96 $3.44 $997,081.28 Months 97-108 $3.51 $1,017,022.91 Months 109-120 $3.58 $1,037,363.37 Months 121-132 $3.65 $1,058,110.63 *Rounded **Based upon the Leased Premises containing 290,000 rentable square feet of space, and subject to measurement as described in the “Leased Premises” definition above and adjustment. Permitted Use: General office, research and development, electronics laboratories, and other legal uses ancillary thereto, to the extent all such uses are in compliance with all Laws and Restrictions.
Base Monthly Rent means the fixed monthly rent payable by Tenant pursuant to PARA 3.1 which is specified in SECTION K of the Summary.
Base Monthly Rent. The term "Base Monthly Rent" shall mean the following: Months *Rent/SF/Month/NNN 01-12 $1.975 *Commencing with Month 13 of the Lease Term and at the end of each 12 month period thereafter, Base Monthly Rent shall be increased at a rate of 3.0% per annum compounded.
Base Monthly Rent means the following: