Initial Base Rent definition

Initial Base Rent is defined in Article 1.

Initial Base Rent. The sum of Sixty-Five Thousand, Two Hundred Seventy-Eight and 25/100 Dollars ($65,278.25) per month, being Seven Hundred Eighty-Three Thousand, Three Hundred Thirty-Nine and 00/100 Dollars ($783,339.00) per annum.

Initial Base Rent means the annual Base Rent in effect during the Extension Period until the first Adjustment Date during such Extension Period.

Examples of Initial Base Rent in a sentence

• If the product is greater than the Initial Base Rent, Tenant will pay this greater amount as Base Rent until the next rental adjustment.

• Recommendation: That Council introduce and subsequently adopt, by reading of title only, An Ordinance of the Council of the City of Santa Barbara Approving a Five-Year Lease Agreement with Two Five-Year Options Dated as of December 8, 2015, with Stephen and Sharon DeDecker, Doing Business As Breakwater Restaurant, at an Average Initial Base Rent of $8,794.36 per Month, Allocated Seasonally, for the 4,053 Square-Foot Restaurant Located at 107 Harbor Way, Effective January 15, 2016.

• The adjustments in the Base Rent will be determined by multiplying the Initial Base Rent by a fraction, the numerator of which is the index number for the most recent publication of the above referenced CPI before the adjustment and the denominator of which is the index number for the first month of the first year of the Term.

• The adjustments in the then current rent will be determined by multiplying the rental amount paid during the Initial Term ("Initial Base Rent") by a fraction, the numerator of which is the most recently published index number prior to the last month before the adjustment and the denominator of which is the index number for the first month of the Initial Term.

• The Initial Base Rent of the lease shall be increased on each January 1 by the increase in CPI over the Base Index.

More Definitions of Initial Base Rent

Initial Base Rent means the amount of Base Rent in the initial year of the Term.

Initial Base Rent. Initial Premises: $69,437.60 per month. Must Take Premises: $19,575.00 per month.

Initial Base Rent means $652,800 per year.

Initial Base Rent is defined in Article 1. 2372 2373 -34- 2374

Initial Base Rent with respect to the Additional Space, as described in Paragraph 3 of the Lease, shall be XXXXXX and shall be paid in equal monthly installments of XXXXX

Initial Base Rent. As defined in the Basic Lease Provisions. ----------------- Insurance Requirements: All terms of any insurance policy required by ---------------------- this Lease and all requirements of the issuer of any such policy.

Initial Base Rent. As defined in the Basic Lease Provisions. -----------------