Expansion Premises Base Rent. In addition to the Base Rent payable for the Original Premises, Base Rent under the Lease for the Expansion Premises shall be as follows: Time period Annual rate per square foot of Rentable Area Monthly amount of Base Rent April 1, 2015 - April 30, 2015 $18.50 $27,615.88 May 1, 2015 - February 26, 2016 $18.50 $29,579.96
Expansion Premises Base Rent. As of the Expansion Premises Commencement Date, Base Rent for the Expansion Premises shall be as follows: Per Square Foot Monthly Base Monthly Period Rental Rate Base Rent Expansion Premises Commencement Date February 28, 2011 $ 0.800 $ 28,191.20 March 1, 2011 — February 29, 2012 $ 0.824 $ 29,036.94 March 1, 2012 — February 28, 2013 $ 0.849 $ 29,917.91 March 1, 2013 — February 28, 2014 $ 0.874 $ 30,798.89 March 1, 2014 — February 28, 2015 $ 0.900 $ 31,715.10 March 1, 2015 — February 29, 2016 $ 0.927 $ 32,666.55 March 1, 2016 — February 28, 2017 $ 0.955 $ 33,653.25 March 1, 2017 — February 28, 2018 $ 0.984 $ 34,675.18 March 1, 2018 — February 28, 2019 $ 1.014 $ 35,732.35 March 1, 2019 — February 29, 2020 $ 1.044 $ 36,789.52 March 1, 2020 — February 28, 2021 $ 1.075 $ 37,881.93 Tenant agrees to pay Base Rent for the Expansion Premises in equal monthly installments at the place provided in the Lease on the first (1st) day of each month, in advance (subject to adjustment in accordance with the other provisions of the Lease), plus all applicable taxes thereon, together with all other amounts due under the terms of the Lease.
Expansion Premises Base Rent. Commencing on the Expansion Premises Commencement Date and continuing through the Expansion Premises Expiration Date, Base Rent payable by Tenant pursuant to the Lease with respect to the Expansion Premises only shall be determined according to the following schedule: Time Period Annual Base Rent Rate Per Square Foot of Net Rentable Area Annual Base Rent Monthly Payment 12/01/2023 – 09/30/2025 $18.20 N/A $16,003.87
Expansion Premises Base Rent. Commencing as of May 1, 2021 (the “Expansion Premises Rent Commencement Date”), Tenant shall pay Base Rent for the Expansion Premises at a rate equal to Fifty-Seven and 73/100 Dollars ($57.73) per square foot of Rentable Area per year (the “Expansion Premises Base Rent”) in accordance with Article 7 of the Existing Lease. The Expansion Premises Base Rent shall be subject to an annual upward adjustment of three percent (3%) of the then-current Expansion Premises Base Rent, with the first such adjustment becoming effective on the first anniversary of the Expansion Premises Rent Commencement Date, and subsequent adjustments becoming effective on every successive annual anniversary of the Expansion Premises Rent Commencement Date for so long as the Lease continues in effect.
Expansion Premises Base Rent. During the Expansion Premises Term, the Base Rent for the Existing Premises and the Expansion Premises is determined separately, and the Base Rent for the Expansion Premises (the “Expansion Premises Monthly Rent”) is: Months of Expansion Premises Term Expansion Premises Monthly Rent Approximate Expansion Premises Monthly Rent per Rentable Square Foot 09/01/15 – 08/31/16 $8,177.50 $2.5000 09/01/16 – 08/31/17 $8,463.71 $2.5875 09/01/17 – 08/31/18 $8,759.94 $2.6781 09/01/18 – 08/31/19 $9,066.54 $2.7718 09/01/19 – 08/31/20 $9,383.87 $2.8688 09/01/20 – 09/30/20 $9,712.30 $2.9692 The Approximate Expansion Premises Monthly Base Rent per Rentable Square Foot is for reference purposes only and has not been used in the calculation of Expansion Premises Monthly Base Rent. The Expansion Premises Monthly Rent has been calculated by multiplying the rentable square footage of the Premises by $2.50 and increasing this amount (as increased) by three and one half percent (3.5%) on each anniversary of the first (1st) day of the Expansion Premises Term and rounding to the nearest xxxxx. Except as may otherwise be expressly provided in this First Amendment, references in the Lease to the Monthly Rent shall be deemed to be references to the Monthly Rent and the Expansion Premises Monthly Rent.
Expansion Premises Base Rent. Commencing on the Expansion Premises Commencement Date, the Base Rent for the Expansion Premises (“Expansion Premises Base Rent”) shall be as set forth in the Expansion Premises Base Rent Schedule in this Section below: Expansion Premises Base Rent Schedule Dates Base Rent Per Sq. Ft. of Expansion Premises Expansion Premises Commencement Date - 02-28-2023* $2.250 03-01-2023 - 02-29-2024 $2.318 03-01-2024 - 02-28-2025 $2.387 03-01-2025 - 02-28-2026 $2.459 03-01-2026 - 02-28-2027 $2.532 03-01-2027 - 08-31-2027 $2.608 *provided that Tenant is not in default of any of Tenant’s obligations in the Lease beyond the applicable notice and cure periods, and Tenant has not been late on any payment of Rent, approximately three (3) months of the Expansion Premises Rent (including Expansion Premises Base Rent, Tax Rent, and Operating Expense Rent for the Expansion Premises only) shall be abated for the period beginning on the Effective Date of this First Amendment through June 15, 2022 (“Abatement Period”). For the avoidance of doubt, Tenant shall continue to pay Rent for the Original Premises as set forth in the Original Lease during the Abatement Period. In the event of a default beyond applicable notice and cure periods by Tenant under the terms of the Lease, then in an addition to all remedies available to Landlord, Landlord shall be entitled to the recovery of the unamortized portion of the Rent that was abated under the provisions of this Section. Commencing on the Expansion Premises Commencement Date, the definition of “Base Rent” in Section 6 of the Original Lease shall mean collectively the Base Rent for the Original Premises and the Expansion Premises Base Rent, and wherever the term “Base Rent” appears in the Original Lease, it shall refer to the foregoing.
Expansion Premises Base Rent. Commencing on the Expansion Commencement Date, Tenant hereby agrees to pay to Landlord monthly installments of Base Rent for the Expansion Premises on the first day of each month in advance, without offset, deduction or prior demand as follows:
Expansion Premises Base Rent. Commencing as of each Expansion Premises Commencement Date, Tenant shall pay to Landlord monthly Rent for the Expansion Premises (the "Expansion Premises Rent") in the following amounts. Monthly Rent per Monthly Rent Rentable Square Foot ------------ -------------------- $1,768.00 $1.04
Expansion Premises Base Rent. Commencing as of each Expansion Premises Commencement Date, Tenant shall pay to Landlord monthly Rent for the Expansion Premises (the "Expansion Premises Rent") in the following amounts. SUITE 100 --------- Monthly Rent per Date Monthly Rent Rentable Square Foot ---- ------------ -------------------- Suite 100 Commencement Date through December 31, $1,653.00 $1.00 1997 January 1, 1998 through December 31, 1998 $1,719.12 $1.04 SUITES 110 AND 120 ------------------ Monthly Rent per Date Monthly Rent Rentable Square Foot ---- ------------ -------------------- Initial Expansion Commencement Date through $2,724.00 $1.00 December 31, 1997 January 1, 1998 through December 31, 1998 $2,832.96 $1.04 SUITE 190 --------- Monthly Rent per Date Monthly Rent Rentable Square Foot ---- ------------ -------------------- Suite 190 Commencement Date through December 31, $4,835.00 $1.00 1997 January 1, 1998 through December 31, 1998 $5,028.40 $1.04
Expansion Premises Base Rent. Commencing as of August 1, 1997, Monthly Rent for the 16279 Premises shall be as follows: Date Monthly Rent Monthly Rent per Square Foot ---- ------------ ---------------------------- August 1, 1997 through $17,100.00 $1.00 December 31, 1997 January 1, 1998, through $17,784.00 $1.04 December 31, 1998
