Initial Base Rent definition

Initial Base Rent is defined in Article 1.
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Initial Base Rent. The sum of One Hundred Eighty-Eight Thousand Five Hundred Eighty-One and 61/100 Dollars ($188,581.61) per month, being Two Million Two Hundred Sixty-Two Thousand Nine Hundred Seventy-Nine and 32/100 Dollars ($2,262,979.32) per annum.
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Initial Base Rent has the meaning provided in Section 3.01(a).
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Examples of Initial Base Rent in a sentence

  • Tenant shall receive a credit against the payment of Percentage Rent in an amount equal to the increase in the Base Rent over the Initial Base Rent.

  • If the Base Rent increases during the term of this Lease, Lessee shall, upon written request from Lessor, deposit additional monies with Lessor so that the total amount of the Security Deposit shall at all times bear the same proportion to the increased Base Rent as the initial Security Deposit bore to the Initial Base Rent.

  • For the avoidance of doubt, the Initial Base Rent shall be fixed and without adjustment until it is reset on the Initial Rent Reset Date, in accordance with the terms of this Section 3(a)(ii).

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

  • 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.


More Definitions of Initial Base Rent

Initial Base Rent means the annual Base Rent in effect during the Extension Period until the first Adjustment Date during such Extension Period.
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Initial Base Rent means the amount of Base Rent in the initial year of the Term.
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Initial Base Rent. Initial Premises: $69,437.60 per month. Must Take Premises: $19,575.00 per month.
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Initial Base Rent means $652,800 per year.
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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
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Initial Base Rent. As defined in the Basic Lease Provisions.
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Initial Base Rent means the monthly rental rate during the initial term of tenancy.
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