Basic Annual Rent definition

Basic Annual Rent. $580,666 ($22.70 per square foot per year of Rentable Area, subject to adjustment pursuant to Sections 6.1, and 8.3)
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Basic Annual Rent as defined in Article 3. BUILDING - as defined in Section 1.1.
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Basic Annual Rent means the payments referenced in Subparagraph 3.1(a);
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Examples of Basic Annual Rent in a sentence

  • In such case, the Basic Annual Rent shall be reduced proportionately based on the portion of the Premises so taken.

  • Nothing contained in this Part IV shall be construed at any time so as to reduce the monthly installments of Basic Annual Rent payable hereunder below the amount set forth in Section 3.1 of this Lease.

  • Landlord shall have the same remedies in the case of a default in the payment of said other sums of money as are available to Landlord in the case of a default in the payment of one or more installments of Basic Annual Rent.

  • Said Basic Annual Rent shall be due and payable in twelve (12) equal monthly installments to be paid in advance on or before the first day of each calendar month during the term of the Lease.

  • Tenant shall pay as annual rent for the Premises the applicable Basic Annual Rent shown in Item 3 of the Basic Lease Provisions.


More Definitions of Basic Annual Rent

Basic Annual Rent. For all of the Demised Premises: (60,056 sq. ft.) x ($1.8567 per sq. ft.) x (12 months) = $1,338,047.68."
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Basic Annual Rent. Initially, $19.65 per rentable square foot of the Leased Premises, subject to annual increases as provided in this Lease.
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Basic Annual Rent. Initially, Twenty-Eight and 75/100 dollars ($28.75) per Rentable Square Foot of the Leased Premises (subject to increase if Tenant elects to obtain a Tenant Improvement Allowance Increase), subject to annual increases at the Escalation Rate.
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Basic Annual Rent means “Fixed Rent” herein and to “Building Expenses” and “Taxes” payable shall mean “Escalation Rent” herein.
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Basic Annual Rent. The base rent payable by Tenant pursuant to Section 5.1.
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Basic Annual Rent. $31.40 per Rentable Square Foot in the Leased Premises per annum. Basic Annual Rent shall be subject to abatement pursuant to Section 3.4 and escalation pursuant to Section 3.1.
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Basic Annual Rent. The Basic Annual Rent on a triple net basis for the term of the Sublease is $180,810.00 payable in monthly installments of $15,067.50 beginning on March 1, 2004. However, the first monthly installment and the Security Deposit shall be payable upon execution of the Sublease.
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