Basic Monthly Rent definition
Basic Monthly Rent. $1.95 per Rentable Square Foot (subject to adjustment as provided in Paragraph 7.2, below). Basic Monthly Rent will always be due and payable on or before the first day of the applicable month, except that the first month’s Basic Monthly Rent will be due and payable within five days of the date of Landlord’s written notice (the “Tenant Improvement Notice Date”) that Landlord will be commencing Landlord’s Work within ten days.
Basic Monthly Rent means the following amount(s) per calendar month for the period(s) indicated: ___________________through ____________________, inclusive $________per month $___________ ___________________ through ____________________, inclusive $________per month $___________ ___________________through ____________________, inclusive $________per month $___________ ___________________through ____________________, inclusive $________per month $___________ ___________________through ____________________, inclusive $________per month $___________ LANDLORD AND TENANT have executed this Commencement Date Certificate on the respective dates set forth below. WCF Mutual Insurance Company By Its Date By Fatpipe Networks Print or Type Name of Signatory: Its Chief Executive Officer Date Tenant Name: ____________________________________________________________________________________ Tenant Address:__________________________________________________________________________________ RE: The undersigned, as Lessee, under that certain Lease dated ______________, made with __________________, as Lessor,hereby ratifies said Lease and certifies that:
Basic Monthly Rent means $48,333.33 per calendar month, as the same may be increased from time to time pursuant to the provisions of Paragraph 4.2.
Examples of Basic Monthly Rent in a sentence
Tenant shall not be entitled to any abatement or reduction of Basic Monthly Rent or other Rent because of the exercise by Landlord of any rights under this Paragraph.
A temporary Condemnation of the Premises, or any part of the Premises, for less than 180 days, shall not constitute a Condemnation under this Paragraph; but the Basic Monthly Rent shall ▇▇▇▇▇ as to the portion of the Premises affected during such temporary Condemnation.
If the first day on which Basic Monthly Rent is due under this Lease is not the first day of a calendar month, on or before such due date the Basic Monthly Rent shall be paid for the initial fractional calendar month prorated on a per diem basis and for the first full calendar month following such due date.
If the Rent Commencement Date is other than the first day of a calendar month, then the Basic Monthly Rent payable by Tenant for the second month of the Term following the Rent Commencement Date (acknowledging that the first month’s rent is payable upon Lease execution) shall be prorated on the basis of the actual number of days during the Term occurring during the first partial calendar month thereof.
In the case of a fixed term appointment, employees will be required pay back some or all their redundancy compensation subject to the length of the offer of fixed term employment in accordance with (k) below.
More Definitions of Basic Monthly Rent
Basic Monthly Rent means the following amount(s) per calendar month for the period(s) indicated; provided, however, that if the Rent Commencement Date occurs on a date other than the date set forth in Paragraph 1.13, the periods set forth below shall begin on such other date (as memorialized in the Rent Commencement Date Certificate attached as Exhibit D) and shall shift accordingly: February 1, 2019 through $27,198.50 per month $21.00 January 31, 2020 , inclusive February 1, 2020 through $28,493.67 per month $22.00 January 31, 2021 , inclusive February 1, 2021 through $29,788.83 per month $23.00 January 31, 2022 , inclusive February 1, 2022 through $31,084.00 per month $24.00 January 31, 2023 , inclusive February 1, 2023 through $32,379.17 per month $25.00 January 31, 2024 , inclusive Basic Monthly rent for the month of December of each year from 2019 through 2023 shall be abated including additional rent for Tenant’s Share of Operating Expenses.
Basic Monthly Rent means the following amount(s) per calendar month for the period(s) indicated: July 1, 2024 – June 30, 2025 $ 29,141.25 $ 22.50 July 1, 2025 – June 30, 2026 $ 30,015.49 $ 23.18 July 1, 2026 – June 30, 2027 $ 30,915.95 $ 23.87 July 1, 2027 – June 30, 2028 $ 31,843.43 $ 24.59
Basic Monthly Rent. $3,875 per Rentable Square Foot, fully-serviced, subject to adjustment pursuant to attached Addendum No. 1. Basic Monthly Rent will always be due and payable on or before the first day of the applicable month, except that the first month’s Basic Monthly Rent will be due and payable upon the date of Landlord’s execution of this Lease.
Basic Monthly Rent means the sum of the following, on a fully net basis: (a) the product of $2.65 multiplied by the number of Rentable Square Feet of the Premises, plus (b) the product of 0.01559 multiplied by the Additional Allowance, if any. Basic Monthly Rent is increased by 3.5% on the first day of the calendar month that is one year after the Commencement Date, and again on each anniversary of such date of rent increase.
Basic Monthly Rent. The initial Basic Monthly Rent (as of the Rent Commencement Date) will be $2.25 per month, per Rentable Square Foot of space in the Premises. The Basic Monthly Rent will increase annually pursuant to Paragraph 7.2, below. Basic Monthly Rent will always be due and payable in advance, on or before the first day of the applicable month, except that the first month’s Basic Monthly Rent will be due and payable concurrently with Tenant’s execution of this Lease.
Basic Monthly Rent means the following amounts per calendar month for the periods indicated; provided, however, that if the Commencement Date occurs on a date other than August 1, 2015, the periods set forth below shall begin on such other date (as memorialized in the Commencement Date Certificate attached as Exhibit D) and shall shift accordingly: Periods Basic Monthly Rent Annual Cost Per Rentable Square Foot August 1, 2015 through December 31, 2015, inclusive $18,328.75 per month $7.52 January 1, 2016 through July 31, 2016, inclusive $57,277.33 per month $23.50 August 1, 2016 through July 31, 2017, inclusive $58,715.36 per month $24.09 August 1, 2017 through July 31, 2018, inclusive $60,177.76 per month $24.69 August 1, 2018 through July 31, 2019, inclusive $61,688.91 per month $25.31 August 1, 2019 through July 31, 2020, inclusive $63,224.43 per month $25.94 August 1, 2020 through July 31, 2021, inclusive $64,808.69 per month $26.59 August 1, 2021 through July 31, 2022, inclusive $66,417.33 per month $27.25 August 1, 2022 through July 31, 2023, inclusive $68,074.72 per month $27.93 August 1, 2023 through July 31, 2024, inclusive $69,780.85 per month $28.63 August 1, 2024 through July 31, 2025, inclusive $71,535.73 per month $29.35
Basic Monthly Rent means the following amount(s) per calendar month for the period(s) indicated: