Calculation of Base Rent. The Base Rent during the Extension shall be increased, as of the commencement of the Extension (the "Rental Adjustment Date") to the "Fair Market Value" of the Premises, determined in the following manner: Not later than one hundred (100) days prior to the Rental Adjustment Date, Lessor and Lessee shall meet in an effort to negotiate, in good faith, the Fair Market Value of the Premises as of the Rental Adjustment Date. If Lessor and Lessee have not agreed upon the Fair Market Value of the Premises at least ninety (90) days prior to the Rental Adjustment Date, the Fair Market Value shall be determined by the following appraisal method:
Calculation of Base Rent. Payments of Base Rent shall be calculated as follows:
Calculation of Base Rent. The Base Rent will be increased on the first day of the Extension to the fair rental value of the Leased Premises (the "Fair Rental Value"), determined in the following manner:
Calculation of Base Rent. Subject to proration as set forth above, Lessee shall pay Base Rent during each Lease Year of this Agreement in the amounts set forth on Schedule 3.1.1(b) attached hereto and made a part hereof.
Calculation of Base Rent. The Base Rent payable by Tenant under the Lease during the Extension shall be increased, as of the commencement of the Extension (hereinafter called the "Extension Rental Adjustment Date") to the "Fair Market Value" of the Premises, determined in the following manner: Not later than one hundred (100) days prior to the Extension Rental Adjustment Date, Landlord and Tenant shall meet in an effort to negotiate, in good faith, the Fair Market Value of the Premises as of the Extension Rental Adjustment Date. If Landlord and Tenant have not agreed upon the Fair Market Value of the Premises at least ninety (90) days prior to the Extension Rental Adjustment Date, the Fair Market Value shall be determined by the following appraisal method:
Calculation of Base Rent. The Base Rent each year shall be based on the Landlord’s actual annual debt service related to the following costs:
Calculation of Base Rent. The chart included in Section 4.1 of the Lease is deleted in its entirety and replaced with the following: Period Annual Base Rent per square foot of Rentable Area in the Premises Months 1 to 2 $ [ **] Months 3 - December 31, 2012 $ [ **] January 1, 2013 to December 31, 2013 $ [ **] January 1, 2014 to December 31, 2014 $ [ **] January 1, 2015 to December 31, 2015 $ [ **] January 1, 2016 to December 31, 2016 $ [ **] Monthly Base Rent shall be equal to one twelfth of the Annual Base Rent multiplied by the Rentable Area of the Premises.
Calculation of Base Rent. Tenant agrees to pay the: (i) annual Base Rent for the Leased Premises based on the base rental rate set forth in the Schedule of Basic Terms, calculated on the Rentable Area of the Leased Premises; and, (ii) rent for the VRC-Dedicated Electrical Room and VRC Generator Room as set forth in Article 2.7.
Calculation of Base Rent. Tenant shall pay Base Rent to Landlord in an annual amount equal to the “Applicable Rate,” as set forth in the table below, multiplied by the Lease Basis. Lease Year Applicable Rate 1 8.00% 2 8.25% 3 8.50% 4 9.00% 5 9.50% 6 10.00% 7 10.50% 8 11.00% 9 11.00% 10 11.00% SCHEDULE 4.3.3 ENVIRONMENTAL REPORTS [Landlord to provide form; Xxxx Xxxxxxxx to review list] SCHEDULE 5.1.3(b) AGREED UPON MAJOR CAPITAL IMPROVEMENTS [Landlord to provide form] SCHEDULE 18.5 FORM OF ANNUAL BUDGET To be reasonably agreed upon by Landlord and Tenant through the use of good faith diligent efforts. SCHEDULE 21.2 FORM OF SUBORDINATION, NON-DISTURBANCE AND ATTORNMENT AGREEMENT
Calculation of Base Rent. As used in this Lease, "Base ------------------------ Rent" shall mean monthly base rental in an initial amount equal to the quotient of (i) the "Annual Base Rent," as defined in Section 3.1.2.1, below, divided by (ii) twelve (12), as the same may be increased from time to time in accordance with Section 3.1.3, below.
