Base Rental definition

Base Rental means the amount of rent due to Landlord per square foot for the first year of the Term. Base Rental for the first year of Term shall be $24 per square foot for the building and $7.50 per square foot for the drive thru at the Premises. Year Per Sq Ft First Floor Per Sq Ft Drive Thru Total Per Annum Total Per Month 1 $ 24 $ 7.50 $ 101,286 $ 8,440.50

Base Rental means the sum of One Million Eight Hundred Seventy Four Thousand Five Hundred Sixty One and 93/100 Dollars ($1,874,561.93), TWO MILLION NINE THOUSAND TWO HUNDRED FIFTY THREE AND NO/100 DOLLARS ($2,009,253.00), payable by Tenant to Landlord in one hundred seventeen (117) monthly installments as follows:

Base Rental means the amount of rent due to Landlord per square foot for the first year of the Term as set forth in the Base Rental Agreement by and between Landlord and Tenant, in the form attached hereto as Exhibit B, to be executed and delivered to Landlord before the Commencement Date; provided, however, that Base Rental for the first year of Term shall not be less than $26.00 per square foot and not more than $30.00 per square foot for the Premises. Year Per Square Foot First Floor Total Per Annum Total Per Month

Examples of Base Rental in a sentence

• Base Rental is required to be deposited with the Delivery and Paying Agent, as agent for the Trustee, on each October 1, January 1, April 1 and July 1, for application to the Base Rental Account established pursuant to the Trust Agreement.

• The City's obligation to pay Base Rental will be abated during any period in which, by reason of material damage, destruction, condemnation or title defect, there is substantial interference with the City's right of use and occupancy of the Property or any portion thereof.

• Failure of the City to pay Base Rental during any such period will not constitute a default under the Sublease, the Trust Agreement or this Certificate.

• The obligation of the City to pay Base Rental does not constitute an indebtedness of the City, the State, or any of its political subdivisions within the meaning of any constitutional or statutory debt limitation or restriction.

• The obligation of the City to pay Base Rental does not constitute an obligation of the City for which the City is obligated to levy or pledge any form of taxation or for which the City has levied or pledged any form of taxation.

More Definitions of Base Rental

Base Rental means the highest minimum guaranteed rental charged during the lease term in which the adjustment of rental is computed.

Base Rental and “Base Rental Payments” means all amounts payable to the Authority from the County as Base Rental Payments pursuant to Section 3.01 hereof.

Base Rental means the “Base Rental” set forth in the Basic Lease Terms.

Base Rental. The total sum of $247,500.00 payable to Lessor at 901 St. Louis Street, Suite 106, Springfield, Missouri 65806, or sucx xxxxx xxxxx xx xxx xx xxxxxxxxxx xx Xxxxxx xx Xxxxxx xx xxiting, shall be due and payable in equal monthly installments of $6,875.00 in advance and without demand or offset on the first day of each calendar month during the Lease Term or any renewal period hereof; the first of such installments shall be paid on the date hereof. If Lessee's occupancy under this Agreement commences on any day other than the first day of a calendar month, then a prorata portion of the Base Rental applicable to the partial first month of occupancy shall be paid on or before the first day of occupancy and shall be in addition to the total Base Rental set forth above.

Base Rental means ONE DOLLAR AND NO 00/100THS ($1.00) payable to City annually as hereinafter provided from current revenues available to Tenant.

Base Rental has the meaning set forth in the Trust Agreement.

Base Rental means the Base Rental payable by the Tenant in accordance with Section 2.3.