Minimum Base Rent definition

Minimum Base Rent means the fixed minimum annual rent for any given year (which includes Landlord's stipulated base operating expenses and taxes and also includes any rent due for must-take space in years in which rent on such space is due) provided in the lease for office space or commercial plaza space, excluding any and all other additional rent (such as, but not limited to, operating expense escalations, tax escalations, payments for tenant improvements in excess of building standing provided by Landlord, percentage rent, cost-of-living escalation or parking).

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Minimum Base Rent. The Minimum Base Rent payable during the first and second Lease Years is $75,600.00 per annum payable in equal monthly installments in advance of $6,300.00. The Minimum Base Rent payable during the third Lease Year is $78,624.00 per annum payable in equal monthly installments in advance of $6,552.00 The Minimum Base Rent payable during the

Minimum Base Rent. The Minimum Base Rent payable for the period beginning on March 1, 1994 and ending on February 28, 1996 is $75,600.00 per annum payable in equal monthly installments in advance of $6,300.00 The Minimum Base Rent payable during the period from March 1, 1996 to December 31, 1996 is $78,624.00 per annum payable in equal monthly installments in advance of $6,552.00. The Minimum Base Rent payable during the

Examples of Minimum Base Rent in a sentence

• Notwithstanding the provisions of this Paragraph 1 to the contrary, in the event an existing tenant enters into a new lease for space in the Project, Manager shall receive a commission of four percent (4%) of the total Minimum Base Rent for the first five years of the new lease term, two percent (2%) of the total Minimum Base Rent for the sixth through tenth years of the new lease term, and no commission for any additional years of the new lease term.

• If, thereafter, the lease is not cancelled by the tenant or if the right of cancellation is exercised by Owner only, Manager shall be paid the balance of the commission based on the aggregate Minimum Base Rent for the remaining portion of the lease term, less the cancellation fee or penalty computed as if there had been no right of cancellation in the lease.

• Where the tenant, or the Owner, has the right to cancel a lease prior to the expiration date, Manager shall initially be paid a commission based on the aggregate Minimum Base Rent for the uncancellable portion of the term, plus any cancellation penalty or fee payable by tenant pursuant to the lease.

• Owner shall pay commissions to Manager in accordance with this commission schedule (this "Schedule") for leases of any space in the Project as follows: (i) four percent (4%) of the total Minimum Base Rent for the first five years of the lease term, (ii) two percent (2%) of the total Minimum Base Rent for the sixth through tenth years of the lease term, and (iii) one percent (1%) of the total Minimum Base Rent for the eleventh through fifteenth years of the lease term.

• Manager would be entitled to a commission of 4% of the annual additional Minimum Base Rent for the first two years (i.e., the 4th and 5th years), 2% of the additional annual Minimum Base Rent for following five years (i.e., the 6th through 10th years), and 1% of the additional annual Minimum Base Rent for the next five years (i.e., the 11th through 15th years).

• If the amount expended by Tenant to complete the Repair and Restoration (subject to the limit provided above) exceeds the insurance proceeds available to Tenant, Tenant shall be entitled to recover the remainder of such amount by reimbursement from Landlord on demand or, if Landlord does not pay such reimbursement within thirty (30) days after demand by Tenant, by set-off against the Rent payments next due, subject to payment of Minimum Base Rent and Minimum Additional Rent.

• Minimum Additional Rent is subject to increase, in the same manner and at the same time as the Minimum Base Rent, as provided in Section 401(G) above and Section 2105(A)(3) below.

• The CPI Escalation of the Minimum Base Rent shall be equal to Minimum Base Rent in effect for the immediately preceding Lease Year plus the product of that Minimum Base Rent multiplied by the “CPI Percentage” (as defined below).

• The Security Deposit shall be adjusted according to the CPI Escalation on the CPI Escalation Dates, simultaneously with the CPI escalation of Minimum Base Rent (“Adjusted Security Deposit”).

• Minimum Base Rent and Additional Rent under this Section 4.02 are sometimes referred to herein together as "Rent".

More Definitions of Minimum Base Rent

Minimum Base Rent means the annual Minimum Base Rent due and payable by the Lessee on a monthly basis for the use of the subject Property and which commences at $80,000 per annum.

Minimum Base Rent means the rent reserved for the Initial Term (not including any Option Term) of $1,128,786.75, which amount is payable in monthly installments as follows: 1 through 12 (Lease Year 1)* $ 19.50 $ 8,958.63 13 through 24 (Lease Year 2) $ 19.50 $ 8,958.63 25 through 36 (Lease Year 3) $ 19.50 $ 8,958.63 37 through 48 (Lease Year 4) $ 19.50 $ 8,958.63 49 through 60 (Lease Year 5) $ 19.50 $ 8,958.63 61 through 72 (Lease Year 6) $ 21.45 $ 9,854.49 73 through 84 (Lease Year 7) $ 21.45 9,854.49 85 through 96 (Lease Year 8) $ 21.45 $ 9,854.49 97 through 108 (Lease Year 9) $ 21.45 $ 9,854.49 109 through 120 (Lease Year 10) $ 21.45 $ 9,854.49 * Minimum Base Rent is abated during the Abated Rent Period. Minimum Base Rent during any Option Term means the aggregate annual Minimum Base Rent for each Lease Year during such Option Term calculated as provided in Exhibit C attached hereto, and such Minimum Base Rent shall be payable in monthly installments as provided in Exhibit C attached hereto.

Minimum Base Rent has the meaning set forth in Section 601(A)(3) of this Lease.

Minimum Base Rent the base rent to be paid by Tenant to Landlord on a monthly basis throughout the Lease Term, and which shall be two thousand five hundred dollars ($2,500.00) per month adjusted annually by the Inflation Factor. Mortgage: a mortgage or deed of trust. Mortgagee: the holder of a mortgage or deed of trust.

Minimum Base Rent means the annual Minimum Base Rent due and payable by the Lessee on a monthly basis for the use of the subject Premises and shall have the sum ascribed to it in Section 4.1.1 .