Minimum Base Rent. Term: Five years -------------------------------------------------------------------------------- Period Monthly Annual Per Square Foot -------------------------------------------------------------------------------- Year 1 July 00-April 01 $5,133.33 $61,600 $22.00 -------------------------------------------------------------------------------- Years May 1, 2001 CPI annually 2-5 through with a minimum April 30, 2005 of three (3) percent. --------------------------------------------------------------------------------
Minimum Base Rent. Xxxxxx agrees to pay to Landlord as base rent, without notice or demand, Two Thousand Five Hundred and no/100ths Dollars ($2,500.00) (“Minimum Base Rent”), on or before the first day of each and every successive calendar month during the Term of this Lease. Tenant’s obligation to pay rent shall commence on the Commencement Date. Minimum Base Rent shall be paid to Landlord without deduction or offset, in lawful money of the United States of America and at such place as Landlord may from time to time designate in writing. Minimum Base Rent for any period that is less than one (1) month shall be a prorated portion of the monthly installment herein based on a thirty (30) day month.
Minimum Base Rent. Notwithstanding anything elsewhere provided, at all times the minimum monthly Base Rent shall be equal to Landlord's payment obligations under the Real Estate Loan.
Minimum Base Rent. From and after the Possession Date the Lessee shall pay to the Lessor, Minimum Base Rent payable in advance on the first day of each month in equal monthly installments. The Minimum Base Rent shall initially be $1 million per annum and shall increase to $ 1.4 million per annum upon the Operation Date. In Lease Years 15, 30, 50 and 65, the Minimum Base Rent shall be adjusted according to fair market rent, as established by an independent appraisal. Lessee shall pay for the appraisal. Lessor shall select the appraisal company from the City‟s general appraisers services list. In no event shall an appraisal result in a reduction in rent.
Minimum Base Rent. From and after eighteen months following the Effective Date, the Lessee shall pay to the Lessor, Minimum Base Rent payable in advance on the first day of each month in equal monthly installments. The Minimum Base Rent shall initially be $80,000 per annum. In Lease Years 5, 10 and 15, the Minimum Base Rent shall be adjusted according to minimum guaranteed rent established by an independent appraisal. The Lessee shall pay for the appraisal. Lessor shall select the appraisal company. In no event shall an appraisal result in a reduction in rent.
Minimum Base Rent. Subtenant shall pay to Sublandlord as minimum ----------------- monthly rent ("Base Rent"), without deduction, setoff, notice, or demand, at the address of Sublandlord set forth in Section 17 below, or at any other place Sublandlord designates by notice to Subtenant, the sum of Four Thousand Seven Hundred Nine and 10/l00ths Dollars ($4,709.10) per month, in advance on the first day of each month of the Sublease Term. If the Sublease Term begins or ends on a day other than the first or last day of a month, the rent for any partial months shall be prorated on a per diem basis.
Minimum Base Rent. (1) For the period from October 1, 2018 thru August 31, 2019, the monthly rent shall be Two Million Four Hundred Thirty Five Thousand Nine Hundred Sixty One and 08/100 Dollars ($2,435,961.08);
Minimum Base Rent. Commencing on the Rent Commencement Date and during the Initial Term Tenant agrees to pay to Landlord at its address specified in the Fundamental Lease Provisions, without prior demand and without any deduction or offset whatsoever, and as fixed Minimum Base Rent, under the following schedule. The Rent schedule described below is based on Tenant’s initial space plan of 41,252 square feet. 23610.4-725260 v3, jdl 4-18-12 Lease Year Months Square Feet Monthly Base Rent Months 1-3 3 41,252 Rent Free Year 1 12 41,252 $17,326 Year 2 12 41,252 $17,846 Year 3 12 41,252 $18,381 Year 4 12 41,252 $18,933 Year 5 12 41,252 $19,501 Year 6 12 41,252 $20,086 Year 7 12 41,252 $20,688 Minimum Base Rent is due in advance on the first day of each calendar month during the Term. Minimum Base Rent for any partial month shall be prorated on a per-diem basis. If the Rent Commencement Date is a day other than the first day of a calendar month, then upon the Rent Commencement Date, Tenant will pay to Landlord, as Minimum Base Rent for the partial month, a pro rata portion of Minimum Base Rent payable for a full month, based on the number of days in the month from Rent Commencement Date to the end of the month.
Minimum Base Rent. Paragraph 4.1 of the Sublease is hereby deleted in its entirety and replaced with the following:
Minimum Base Rent. Commencing October 1, 2001, Subtenant shall pay annual Base Rent in the amounts set forth below: FIRST FLOOR ----------- (02/2000-01/2005) Year 1-5: $28.00 Per Rentable Square Foot Per Year (02/2005-01/2010) Year 6-10: $32.00 Per Rentable Square Foot Per Year SECOND FLOOR ------------ (02/2000-01/2003) Year 1-3: $29.50 Per Rentable Square Foot Per Year (02/2003-01/2005) Year 4-5: $31.50 Per Rentable Square Foot Per Year (02/2005-01/2008) Year 6-8: $33.50 Per Rentable Square Foot Per Year (02/2008-01/2010) Year 9-10: $34.50 Per Rentable Square Foot Per Year 2001-2002 2002-2003 2003-2004 2004-2005 2005 (Oct.-Jan.) (Feb.-Jan.) (Feb.-Jan.) (Feb.-Jan.l) (Feb.-Aug.) TOTAL -------- ---------- ---------- ---------- -------- ---------- First Floor (20,476 sq. ft.) $191,109 $ 573,328 $ 573,328 $ 573,328 $382,219 $2,293,312 Second Floor (21,340 sq. ft.) $209,843 $ 629,530 $ 672,210 $ 672,210 $417,019 $2,600,813 -------- ---------- ---------- ---------- -------- ---------- Total Lease Rent $400,953 $1,202,858 $1,245,538 $1,245,538 $799,238 $4,894,125 Base Rent shall be paid in equal monthly installments, in advance on the first day of each month, without deduction, setoff, notice, or demand, at the address of Sublandlord set forth in Section 18 below, or at any other place Sublandlord designates by notice to Subtenant. If the Sublease Term ends on a day other than the first or last day of a month, the Rent for any partial months shall be prorated on a per diem basis.
