Unoccupied Premises definition
Examples of Unoccupied Premises in a sentence
Base Rent for Unoccupied Premises shall be APPROXIMATELY $553,500.00, $661,500.00, ($7.38 PER SQ.
Base Rent for Unoccupied Premises shall be $ 546,230.70 ($7.38 PER SQ.
Tenant shall receive a discount of fifty percent (50%) of the Base Rent for Unoccupied Premises only for months 2 - 5 of the Lease.
Tenant may terminate its option rights for additional Premises herein by providing 120 days written notice to Landlord, following which Tenant's obligation to pay further Base Rent of Unoccupied Premises shall cease herein.
Tenant shall receive a discount of fifty (50%) percent of the Base Rent for Unoccupied Premises only for months 2 - 5 of the Lease.
It was understood at execution that Tenant desired to Occupy all leased Premises initially and wishes to delete any and all references to "Leased and Unoccupied" Premises or "Leased and Unoccupied" portion of the Premises as may be referred to in the Lease Agreement.
Tenant agrees that the Basic Rental fee (as further described below) for the Unoccupied Premises shall be $5.50 per rentable square foot per year, effective April 1, 2005.
Commencing on the Expansion Date, the Premises shall include (as part of the Premises, without differentiation), and all references hereafter in this Fifth Amendment to the "Premises" shall include, the additional space heretofore described in the Lease as the Unoccupied Premises, and shall consist of a total of 50,625 rentable square feet.
Such amount is calculated by multiplying the existing Base Rent ($43,434.18 per month for the Occupied Premises and $9,103.85 per month for the Unoccupied Premises) times a fraction, the numerator of which is the Consumer Price Index for February, 2001 (175.8), and the denominator of which is the Consumer Price Index for February, 1996 (154.9).
Tenant shall receive a discount of fifty (50%) percent of the Base Rent for Unoccupied Premises only for months 2-5 of the Lease.