Net Base Rent definition

Net Base Rent. As defined in Section 3.3.

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Net Base Rent means the then applicable Base Rent less Tenant's Share of the Base Year Operating Costs and Base Year Taxes.

Net Base Rent for purposes of this Section 2.4 shall mean the Base Rent as adjusted on the immediately preceding adjustment date less the Actual Expense Rate for the immediately preceding calendar year. Landlord shall endeavor to provide Tenant with thirty (30) days advance notice of each Base Rent Adjustment, but Landlord shall have no obligation to notify Tenant of the Base Rent Adjustment amount, and Landlord's failure to provide such notice shall not excuse performance by Tenant.

Examples of Net Base Rent in a sentence

The Building's Annual Operating Expenses shall be paid in addition to and apart from the Net Base Rent.
In no event shall the determination of any Rent Adjustment owing under this Paragraph 7 result in a decrease in the Net Base Rent stated in Paragraph 1H.
All charges, costs and sums required to be paid by Tenant under this Lease in addition to Net Base Rent and Rent Adjustment shall be considered additional rent, and Base Rent, Rent Adjustment and additional rent shall be collectively called "Rent".
The Building's Real Estate Taxes shall be paid in addition to and apart from the Net Base Rent.
Tenant shall pay to Landlord Net Base Rent during the Term at the annual rate(s) stated in Paragraph 1H.
The Net Base Rent for each succeeding year of the Extended Term shall be equal to one hundred five percent (105%) of the annual Net Base Rent for the immediately preceding year.
Net Base Rent and Rent Adjustment shall abat▇ ▇▇▇ that part of the Premises which are untenantable on a per diem and proportionate area basis from the date of the fire or other casualty until Landlord has substantially completed the repair and restoration work; provided, that Tenant does not occupy or use such part of the Premises which are untenantable during such period.
Net Base Rent and Rent Adjustment will be prorated for partial months or years within the Term.
Net Base Rent shall be payable in equal monthly installments in advance on the first day of each calendar month during the Term, except that the installment of Net Base Rent due for the first month of the Term in which Net Base Rent is payable shall be paid by Tenant to Landlord when Tenant signs this Lease.
Tenant shall pay Landlord double the Net Base Rent plus double the Rent Adjustment then applicable for each month (or any part of a month) if Tenant obtains Landlords written permission to retain possession month to month of all or any part of the Premises after the expiration or termination of the Term of this Lease.

More Definitions of Net Base Rent

Net Base Rent means the aggregate of the amount specified in the Sublease Agreement as Base Rent to be paid by the Prospective Sublessee during the Sublease Term for the right to occupy the Sublease Premises, but excludes the following amounts: (A) any free rent, abated rent, deferred rent, or rent credit (whether such rent credits are earned or unearned by the Prospective Sublessee); (B) security and similar deposits paid by the Prospective Sublessee; (C) escalations or increases in Base Rent over and above the stated minimum annual rental due under the Sublease Agreement, when such escalations or increases are based upon operating expense pass-throughs provided in the Sublease Agreement; (D) any amounts owed by the Prospective Sublessee for pass-throughs of operating, utility, common area maintenance, taxes, insurance, or similar expenses; (E) damages, penalty payments, late fees, check charges, or interest relating to a default by the Prospective Sublessee; (F) payments made by the Prospective Sublessee in consideration of an early termination of the Sublease Agreement; (G) additional amounts which may be designated as rentals but which relate to special charges of non-standard or off-premises services or facilities, including parking fees, utility charges, or similar charges; (H) any amounts paid, assumed, or indemnified by Sublessor on behalf of the Prospective Sublessee in connection with any Sublease Agreement covering any space occupied by the Prospective Sublessee on the date of the Prospective Sublessee's execution of the Sublease Agreement, including, but not limited to, assumptions and Sublease Agreement reimbursement amounts; and (I) any other amounts paid by Sublessor on behalf of the Prospective Sublessee and reasonably considered by Sublessor as rent concessions, including, but not limited to, moving or relocation allowances and the value of any free parking which Sublessor may provide to the Prospective Sublessee.