Lease Year 2 definition

Lease Year 2. $258,680.50 ($13.00 per square foot of Rentable Floor Area with respect to 15,000 rentable square feet of Rentable Floor Area, and $6.50 per square foot of Rentable Floor Area with respect to 9,797 square feet of Rentable Floor Area).
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Lease Year 2. One thousand two hundred seven and 50/100 dollars ($1,207.50) per month based on a 5% escalation of the Year 1 Base Rent rental rate (“Year 2 Base Rent”).
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Examples of Lease Year 2 in a sentence

  • The incentive targets will be reviewed and/or revised at the end of Lease Year 2, and possibly changed or abolished for the remainder of the term.

  • By way of illustration only, the Prior Period Pre-Adjusted Minimum Rent applicable to Lease Year 2 shall equal the annual rate of Pre-Adjusted Minimum Rent that was applicable as of the end of Lease Year 1.

  • Basic Rent: The Basic Rent is as follows: Lease Year 1* $ 447,843.00 $ 37,320.25 Lease Year 2* $ 459,039.08 $ 38,253.26 Lease Year 3 $ 470,515.05 $ 39,209.59 Lease Year 4 $ 482,277.93 $ 40,189.83 Lease Year 5 $ 494,334.88 $ 41,194.57 Lease Year 6 $ 506,693.25 $ 42,224.44 Lease Year 7 $ 519,360.58 $ 43,280.05 Lease Year 8 $ 532,344.59 $ 44,362.05 Lease Year 9 $ 545,653.21 $ 45,471.10 Lease Year 10 $ 559,294.54 $ 46,607.88 Lease Year 11 $ 573,276.90 $ 47,773.08 * Subject to Section 3.1, below.

  • In all subsequent Base Rent payment periods during the Expansion Term commencing on the first (1st) day of Expansion Lease Year 2, the calculation of each Annual Base Rent amount reflects an annual increase of three percent (3%) and each Monthly Installment of Base Rent amount was calculated by dividing the corresponding Annual Base Rent amount by twelve (12).

  • For Lease Year 2, $7.65 per square foot of leasable area or $ 163,710.00 per annum payable monthly in advance, without deduction or offset, on the first day of each calendar month in equal installments of $13,642.50 together with applicable sales tax and applicable local taxes.

  • With respect to the Annual Percentage Rent Breakpoint for each Lease Year: (1) the “First Lease Quarter Percentage Rent Breakpoint” shall be 25% of the Annual Percentage Rent Breakpoint for such Lease Year; (2) the “Second Lease Quarter Percentage Rent Breakpoint” shall be 50% of the Annual Percentage Rent Breakpoint for such Lease Year; and (3) the “Third Lease Quarter Percentage Rent Breakpoint” shall be 75% of the Annual Percentage Rent Breakpoint for such Lease Year.

  • BASE RENT: Base Rent shall be the following amounts: Lease Year 1: $ 411,340.50 $ 34,278.38 Lease Year 2: $ 419,567.31 $ 34,963.94 Lease Year 3: $ 427,958.66 $ 35,663.22 Lease Year 4: $ 436,517.83 $ 36,376.49 Lease Year 5*: $ 259,728.14 $ 37,104.02 Extension Periods (if any) See Section 2.02 below.

  • Subject to Article 8, as of the commencement of Lease Year 2, Tenant will pay Tenant’s Percentage of the Increase in Operating Costs using the calendar year 2006 as the base year directly to Landlord as additional rent within thirty (30) days after delivery of Landlord’s bills from time to time.

  • Subject to adjustment as provided, below, a schedule of the Base Rent to be paid during the Original Term is as follows: Amount/ Applicable Period Square Foot-Month Amount/Month* ---------------- ----------------- ------------- Lease Year 1 $1.67 $ 90,180.00 Lease Year 2 $1.73 $ 93,420.00 Lease Year 3 $1.79 $ 96,660.00 Lease Year 4 $1.85 $ 99,900.00 Lease Year 5 $1.92 $103,680.00 Lease Year 6 $1.98 $106,920.00 *Based upon the Building having estimated 54,000 rentable square feet of floor area.

  • Deposits made at a night drop location or night depository will be retrieved and verified by us once at the beginning of each Business Day.