Base Rent for the Expansion Premises. Reference is hereby made to Article 3 ------------------------------------ of the Lease. In addition to the Base Rent payable by Tenant for the Existing Premises pursuant to the provisions of the Lease in effect prior to the date of this Agreement, from and after the First Expansion Premises Commencement Date (with respect to the First Expansion Premises), and the Second Expansion Premises Commencement Date (with respect to the Second Expansion Premises) and continuing through the remainder of the Term (subject to annual increases in accordance with the provisions of Paragraph 10 below), Tenant shall pay to Landlord, in accordance with the provisions of Section 3.1 of the Lease, $2.75 per month per square foot of Rentable Area in the Expansion Premises as Base Rent for the Expansion Premises. Base Rent for any partial month following the respective Expansion Premises Commencement Date shall be prorated based on the actual number of days in the month.
Base Rent for the Expansion Premises. The Base Rent due for the Expansion Premises is as set forth in the chart below: Lease Months Per Sq. Ft.* Period Per Month* 9/15/17 – 11/30/18 $43.00 $1,361,272.50, $97,233.75 12/1/18 – 11/30/19 $43.75 $1,187,156.28 $98,929.69 12/1/19 – 11/30/20 $44.50 $1,207,507.56 $100,625.63 12/1/20 – 11/30/21 $45.25 $1,227,858.72 $102,321.56 12/1/21 – 1/30/22 $46.00 $1,248,210.00 $104,017.50 12/1/22 – 1/15/23 $46.75 $1,268,561.28 $105,713.44 * plus applicable sales and transaction privilege taxes on Rent pursuant to Section 7(a) of the Original Lease and on Parking Rental Fees pursuant to Sections 1(o) and 7(a) of the Original Lease. Provided that no Default exists at the time of the abatement provided below, Tenant’s monthly installment of Base Rent shall be abated: a] for the months of November and December, 2017 (the “Abatement Period”), in the amount of Ninety-Seven Thousand Two Hundred Thirty-Three and 75/100 Dollars ($97,233.75) per month, for a total abatement of Base Rent in the amount of One Hundred Ninety-Four Thousand Four Hundred Sixty-Seven and 50/100 Dollars ($194,467.50); and b] beginning with the month of January, 2018, until an amount equal to the amount of base rent paid to an affiliate of Landlord by Tenant for its occupancy, through September 14, 2017, of Suite 115 in the building located at 00 X. Xxx Xxxxxx Xxxxxxx, Xxxxx, Xxxxxxx has been credited to Tenant’s account (collectively, the “Abated Rent”). The principal amount of the Abated Rent, together with interest thereon calculated at the Default Rate shall be amortized evenly over the period from September 15, 2017 through January 15, 2023. So long as no uncured Default occurs under the Lease that leads to the Landlord either repossessing the Premises or terminating the Lease, then upon Landlord’s receipt of the final monthly installment of Rent, Tenant shall have no liability to Landlord for the repayment of any portion of the Abated Rent. In the event of an uncured Default, then in addition to all of Landlord’s other remedies available under the Lease, Tenant shall also become immediately liable to Landlord for the unamortized portion of the Abated Rent existing as of the date of such uncured Default, and interest shall accrue thereon at the Default Rate. Provided, however, that if Landlord elects to exercise its rights under Section 32 of the Original Lease to accelerate the entire amount of all Rent and other charges due from Tenant for the balance of the Term (in accordance with the terms ...
Base Rent for the Expansion Premises. Effective as of the Expansion Premises Commencement Date and continuing through to and including the Expiration Date, in addition to all other amounts payable under the Lease, as amended, Tenant shall pay Base Rent for the Expansion Premises as set forth below, in accordance with the terms of the Lease, as amended. Upon execution of this Amendment, Tenant shall pay to Landlord the sum of $17,598.00 constituting the monthly installment of Base Rent due and payable by Tenant for the first (1st) full calendar month of the Expansion Premises Term following the Abatement Period (as defined below). Months During the Monthly Monthly Base Rent per Expansion Premises Annual Base Installment of Rentable Square Foot of Term Rent Base Rent the Expansion Premises February 1, 2012 – January 31, 2013 $ 211,176.00 $ 17,598.00 $ 2.80 February 1, 2013 – January 31, 2014 $ 217,511.28 $ 18,125.94 $ 2.88 February 1, 2014 – January 31, 2015 $ 224,036.62 $ 18,669.72 $ 2.97 February 1, 2015 – January 31, 2016 $ 230,757.72 $ 19,229.81 $ 3.06 February 1, 2016 – January 31, 2017 $ 237,680.45 $ 19,806.70 $ 3.15 February 1, 2017 – January 31, 2018 $ 244,810.86 $ 20,400.91 $ 3.25 February 1, 2018 – March 31, 2018 N/A $ 21,012.93 $ 3.34
Base Rent for the Expansion Premises. Effective as of the Expansion Premises Commencement Date and throughout the Expansion Premises Term, in addition to Additional Rent and all other costs and expenses payable by Tenant pursuant to the Lease as amended by this Amendment, Tenant shall pay to Landlord the following monthly Base Rent for the Expansion Premises in accordance with the terms of the Lease, as follows: Expansion Premises LEASE MONTHS DURING EXPANSION PREMISES TERM ANNUAL BASE RENT MONTHLY BASE RENT MONTHLY BASE RENT PER RENTABLE SQUARE FOOT1 1 – 122 $104,112.00 $8,676.00 $3.00 13 – 24 $107,235.36 $8,936.28 $3.09 25 - 36 $110,358.72 $9,196.56 $3.18 37 - 48 $113,829.12 $9,485.76 $3.28 49 - 60 $117,299.52 $9,774.96 $3.38 61 - 62 $120,769.92 $10,064.16 $3.48 1 Note: Monthly Base Rent per rentable square foot has been rounded off to the nearest cent using conventional rounding principles.
Base Rent for the Expansion Premises. In addition to Base Rent for the Current Premises, commencing on the EPCD, Tenant shall pay Base Rent for the Expansion Premises in the same manner as is required under the Lease, as amended hereby, in the amount of $43.00 per rentable square foot of the Expansion Premises (or $5,048.92 per month) and on each anniversary of the EPCD (except as expressly hereinafter provided) during the Expansion Premises Term, Base Rent for the Expansion Premises shall increase by One and 00/100 Dollars ($1.00) (i.e., to $44.00 per rentable square foot or $5,166.33 per month on the first anniversary of the EPCD, to $45.00 per rentable square foot or $5,283.75 per month on the second anniversary of the EPCD and to $46.00 per rentable square foot or $5,401.17 per month on the third anniversary of the EPCD and so on through May 31, 2025). If, however, the EPCD does not occur on the first day of a calendar month, (a) Tenant shall pay prorated Rent for the Expansion Premises on a per diem basis for such partial month on the EPCD, and (b) solely for purposes of determining the rate applicable for such partial month and for the balance of the Expansion Premises Term, the period from the EPCD through and including the day immediately preceding the first day of the next full calendar month (such first day being hereinafter referred to as the “Base Rent Anniversary Date”) shall be deemed included within the first full calendar month of the Expansion Premises Term and the annual Base Rent increase contemplated hereinabove shall occur on each anniversary of the Base Rent Anniversary Date not on the EPCD. By way of example only, if the EPCD is April 24, 2021, the Base Rent Anniversary Date shall be May 1, 2021 and therefore the Base Rent shall increase annually as set forth hereinabove on each May 1st falling within the Expansion Premises Term.
Base Rent for the Expansion Premises. Effective from and after the Expansion Commencement Date and continuing through the end of the Term the License Fee shall be $273,690.61 per month; provided, however, the License Fee shall increase by three percent (3%) commencing on January 1 of each and every year of the Term.
Base Rent for the Expansion Premises. Beginning on the Expansion Commencement Date, and continuing through and until the Fourth Amendment Expiration Date, Tenant shall pay monthly Base Rent for the Expansion Premises pursuant to the following schedule: Amount of Base Rent Payable Per Month Per Rentable Square Amount of Total Base Rent Months* Foot** Payable Per Month 1-12 $ 1.60 $ 6,750.40 13-24 $ 1.66 $ 6,986.66 25-36 (i.e., the Fourth Amendment Expiration Date) $ 1.71 $ 7,231.20 * For the purposes of this Section 3(a), the reference to “Months” shall mean the number of months following the Expansion Commencement Date. For example, “12” shall mean the twelfth (12th) month following the Expansion Commencement Date. ** An approximation based on rounding the result of the “Amount of Total Base Rent Payable Per Month” divided by the total rentable square footage of the Expansion Premises.
Base Rent for the Expansion Premises. The Base Rent for the Expansion Premises shall commence on July 1, 2007 and shall be as follows: Period Monthly Base Rent July 1, 2007 – June 30, 2008 $ 20,182.80 July 1, 2008 – June 30, 2009 $ 21,091.03 July 1, 2009 – June 30, 2010 $ 22,040.12 July 1, 2010 – June 30, 2011 $ 23,031.93 July 1, 2011 – September 30, 2011 $ 24,068.36 The Base Rent for the Original Premises shall remain in full force and effect and is unchanged by this Third Amendment. The Base Rent for the Expansion Premises shall be in addition to the Base Rent for the Original Premises.
Base Rent for the Expansion Premises. Effective as of the Expansion Premises Commencement Date and continuing through to and including the Original Premises Expiration Date, in addition to Base Rent payable for the Existing Premises, Tenant's Share of Operating Expenses, Tax Expenses, Common Area Utility Costs and Utility Expenses and all other amounts payable under the Lease, as amended, Tenant shall pay the Base Rent for the Expansion Premises set forth below. Months During the Expansion Premises Term Annual Base Rent Monthly Base Rent Monthly Rental Rate per Rentable Square Foot of the Expansion Premises 3/1/2011 $ 445,740.00 $ 37,145.00 $ 1.000 3/1/2012 $ 507,474.99 $ 42,289.58 $ 1.139 3/1/2013 $ 525,236.61 $ 43,769.72 $ 1.178 3/1/2014 $ 543,619.90 $ 45,301.66 $ 1.220 3/1/2015 $ 562,646.59 $ 46,887.22 $ 1.262 3/1/2016 $ 533,810.95 $ 48,528.27 $ 1.306 *Base Rent for the Expansion Premises for the first (1st) five (5) full calendar months of the Expansion Premises Term shall be abated, pursuant to the terms of Section 4.b below.
Base Rent for the Expansion Premises. Commencing on the Expansion Commencement Date and thereafter on or before the first day of each calendar month during the remainder of the Expansion Term, Subtenant shall pay to Sublandlord with respect to the Expansion Premises, at such place as Sublandlord may designate, without deduction, offset, prior notice or demand, Base Sublease Rent in lawful money of the United States as follows: Period Square Feet Base Rent per square foot per Month Monthly Base Rent January 15, 2013 — April 14, 2013 39,142 $ 0.00 $ 0.00 April 15, 2013 — January 14, 2014 20,000 $ 2.25 * $ 45,000.00 * January 15, 2014 - December 31, 2014 39,142 $ 2.32 $ 90,809.44 January 1, 2015 - December 31, 2015 39,142 $ 2.39 $ 93,549.38 January 1, 2016 - October 5, 2016 39,142 $ 2.46 $ 96,289.32 *During this period, Base Sublease Rent with respect to the Expansion Premises is payable only with respect to 20,000 rentable square feet of the Expansion Premises; provided, however, that Subtenant shall be obligated to pay Additional Rent with respect to the entirety of the Expansion Premises commencing on January 15, 2013 and throughout the remainder of the Expansion Term. A payment of Base Sublease Rent with respect to the Expansion Premises in the aggregate amount of $67,500 (for the one-half month of April 2013 in the amount of $22,500 and the month of May 2013 in the amount of $45,000.00) shall be delivered to Sublandlord concurrently with Subtenant’s execution of this Amendment and shall be credited against the Base Sublease Rent with respect to the Expansion Premises due for the period from April 15, 2013 to May 31, 2013. For the ease of reference of the parties, attached hereto as Exhibit A-2 is a schedule of the Base Sublease Rent due for the entirety of the Subleased Premises.
