Additional Premises Base Rent Sample Clauses

The "Additional Premises Base Rent" clause defines the base rent amount that applies specifically to any extra premises leased by the tenant beyond the original space. Typically, this clause outlines how the base rent for these additional premises is calculated, which may be based on the square footage, market rates, or a predetermined schedule, and clarifies when the new rent obligations begin. Its core function is to ensure both parties understand the financial terms associated with expanding the leased area, thereby preventing disputes and providing a clear framework for rent adjustments as the tenant's space needs change.
Additional Premises Base Rent. Commencing on the Additional Premises Commencement Date (referred to as “APCD” in the chart set forth immediately below), and thereafter on the first day of each and every calendar month during the Additional Premises Term, Tenant shall pay Landlord Base Rent for the Additional Premises only (“Additional Premises Annual Base Rent”) in the following amounts, in equal monthly installments (“Additional Premises Monthly Base Rent”), in advance, as follows: APCD – 8/31/09 $ 21.63 $ 90,997.41 * $ 7,583.12 9/1/09 – 8/31/10 $ 22.28 $ 93,731.96 $ 7,811.00 9/1/10 – 2/28/11 $ 22.95 $ 96.550.65 * $ 8,045.89 Tenant shall pay Landlord Additional Premises Monthly Base Rent in accordance with the terms and provisions of Article 3 of the Original Lease.
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Additional Premises Base Rent. The annual Base Rent payable by Tenant for the Additional Premises shall equal $20.00 per rentable square foot of the Additional Premises per annum, increased annually at the same times (i.e., on August 1, 2008 and each August 1st thereafter) and at the same rates (i.e., three percent (3%) cumulative and compounded annual increases) as applicable for the Existing Premises pursuant to Section 3.2 of the Lease, except that Tenant shall be obligated to commence payment of the Base Rent for the Additional Premises effective as of the Additional Premises Commencement Date. For clarification and ease of reference only, a summary of the Premises and the initial Base Rent payable for the Premises (inclusive of the Additional Premises) is set forth on Exhibit B attached hereto, which Exhibit shall, effective as of the Additional Premises Commencement Date, replace the schedule set forth in Section 13 of the Summary of the Lease. Base Rent is subject to change in accordance with the provisions of the Lease.
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Additional Premises Base Rent. The Base Rent for the Additional Premises (in addition to all Rent due for the Original Premises pursuant to the Lease) set forth hereinafter shall increase yearly by an amount equal to 3.0% over each prior Lease Year (defined below) (plus all applicable sales tax legally required): Annual Base Rent Annual Base Monthly Base Monthly Sales Monthly 1. 4/1/15-3/31/16 $ 16.00 $ 56,528.00 $ 4,710.67 $ 3,942.24 $ 519.18 $ 9,172.09 2. 4/1/16-3/31/17 $ 16.48 $ 58,223.84 $ 4,851.98 T▇▇ ▇▇▇ TBD 3. 4/1/17-3/31/18 $ 16.97 $ 59,955.01 $ 4,996.25 T▇▇ ▇▇▇ TBD 4. 4/1/18-9/30/18 $ 17.48 $ 61,756.84 $ 5,146.40 T▇▇ ▇▇▇ TBD (1) In the event the Additional Premises Rent Commencement Date is a date other than April 1, 2015, upon Landlord and Tenant learning of the actual Additional Premises Rent Commencement Date, Landlord and Tenant shall enter into a Second Amendment to the Lease which shall set forth the actual Lease Term and Lease Years for the Additional Premises. (2) The foregoing Base Rent for the Additional Premises shall be in addition to all Rent due for the Original Premises set forth in the Lease and nothing contained in this First Amendment shall diminish or reduce in any manner all amounts due and owing pursuant to the Lease for the Original Premises. Notwithstanding any term or condition of the Lease, the Additional Premises Base Rent, Taxes, Expenses and/or other amounts due shall not be subject to, or used in any manner in calculating the Rent Maximum Payment Ceiling pursuant to the Lease. The Rent Maximum Payment Ceiling shall only apply to the Rent due for the Original Premises.
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Additional Premises Base Rent. Commencing as of the Additional Premises Commencement Date, Tenant shall pay to Landlord as Base Rent for the Additional Premises the sums set forth in the table below (subject to adjustments as set forth in Section 5.5 below), each in advance on the first day of each and every calendar month for the duration of the Additional Premises Term. Furthermore, commencing as of the Additional Premises Commencement Date, all references to “Base Rent” in the terms, conditions and provisions of the Original Lease shall mean and refer to Base Rent for the Existing Premises and Base Rent for the Additional Premise, collectively, to the extent such terms, conditions and provisions apply to both the Existing Premises and the Additional Premises.
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Additional Premises Base Rent. Tenant shall commence the payment of Rent for the Additional Premises on the Additional Premises Commencement Date. Tenant shall pay Base Rent for the Additional Premises in the same manner, time and place as set forth in the Lease with respect to the Existing Premises. The amount of Base Rent payable by Tenant for the Additional Premises is as follows: Additional Premises $ 12.50 $ 138,087.50 $ 11,507.29 Lease Year 1 Additional Premises $ 13.00 $ 143,611.00 $ 11,967.58 Lease Year 2 Additional Premises $ 13.50 $ 149,134.50 $ 12,427.88 Lease Year 3 Additional Premises $ 14.00 $ 154,658.00 $ 12,888.17 Lease Year 4 Additional Premises $ 14.50 $ 160,181.50 $ 13,348.46 Lease Year 5
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Additional Premises Base Rent. (a) From and after the respective Additional Premises Commencement Dates for Area N▇. ▇, ▇▇▇▇ ▇▇. ▇, ▇▇▇▇ ▇▇. ▇ and Area No. 5, Base Rent under the Lease with respect to each such portion of the Additional Premises shall be payable at the same respective annual rates per square foot of Rentable Area as applicable to the initial Premises under the Lease (i.e., as set forth in Section l(b) of the Lease), changing as and when such rates otherwise change with respect to such initial Premises. (b) From and after the Area No. 3 Commencement Date, Base Rent under the Lease with respect to Area No. 3 shall be payable in the amounts and at the respective rates per square foot of Rentable Area of Area No. 3 for the respective periods hereinafter described: ▇▇▇▇ ▇▇. ▇ $294,156.00 $24,513.00 $18.00 Commencement Date through March 31, 2001 April 1, 2001 through March 31,2002 $302,980.68 $25,248.39 $18.54 April 1, 2002 through March 31, 2003 $312,132.20 $26,011.02 $19.10 April 1, 2003 through March 31, 2004 $321,447.14 $26,787.26 $19.67 April 1, 2004 through March 31, 2005 $331,088.92 $27,590.74 $20.26 April 1, 2005 through March 31, 2006 $341,057.54 $28,421.46 $20.87 April 1, 2006 through March 31, 2007 $351,189.58 $29,265.80 $21.49 April 1, 2007 through March 31, 2008 $361,811.88 $30,150.99 $22.14 April 1, 2008 through March 31, 2009 $372,597.60 $31,049.80 $22.80 (c) Base Rent attributable to the Additional Premises, as described above in this Section 4, shall be payable at such times and at such place and in accordance with such provisions as otherwise set forth in the Lease relative to the payment of Base Rent and Monthly Base Rent thereunder.
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Additional Premises Base Rent. Tenant shall pay "Additional Base Rent" in accordance with the payment terms of the Lease, beginning on the Additional Premises Commencement Date and for a period of forty-three (43) months each date thereafter on which Base Rent is due under the Lease. Tenant shall pay Additional Base Rent to Landlord in monthly installments as follows Zomedica Lease Amendment_Additional Premises (1) Months 1-7 $22.50 $34,950.00 $244,650.00 (1) Months 8-19 $23.18 $36,006.27 $432,075.20 (2) Months 20-31 $23.87 $37,078.07 $444,936.80 (3) Months 32-43 $24.59 $38,196.47 $458,357.60
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Additional Premises Base Rent. Initial monthly and annual installments of Base Rent for the Additional Premises shall be as set forth in the following chart, subject to adjustment under the Lease: 1/1/2018 – 12/31/2018 11,514 $3.10 monthly $35,693.40 $428,320.80
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Related to Additional Premises Base Rent

  • Additional Premises Landlord shall use commercially reasonable efforts to expand the Premises to include an additional fifteen thousand four hundred ten (15,410) square feet of Rentable Area located on the first (1st) floor, as shown on Exhibit A attached hereto (the “Additional Premises”) on July 1, 2012 (the “Additional Premises Delivery Date”). In the event Landlord determines the Additional Premises will be ready for delivery to Tenant in the Required Condition on the Additional Premises Delivery Date, within ten (10) business days prior to the Additional Premises Delivery Date, Landlord and Tenant shall enter into a written amendment to the Lease, which amendment shall provide, unless otherwise agreed in writing, (a) that the commencement date of the Additional Premises shall be the Additional Premises Delivery Date (the “Additional Premises Commencement Date”), (b) that, as of the Additional Premises Commencement Date, the Premises under the Lease shall be increased to include the Additional Premises for a total of sixty-one thousand four hundred forty-four (61,444) square feet of Rentable Area (together, the Premises and the Additional Premises shall be referred to hereinafter as the “Total Premises”), (c) the new Basic Annual Rent applicable to the Total Premises, which shall commence on the Additional Premises Commencement Date and shall be as further described in Section 4.2 of this Amendment, (d) Tenant’s new Pro Rata Share of Operating Expenses as of the Additional Premises Commencement Date, which Pro Rata Share shall equal one hundred percent (100%) of the Building and thirty-three and 51/100 percent (33.51%) of the Project and (e) that, in addition to the parking which Tenant is entitled to under the terms of the Lease with respect to the original Premises, Tenant, for so long as Tenant leases the Additional Premises, shall have a non-exclusive license to use the parking facilities serving the Building in common on an unreserved basis with other tenants of the Building and the Project at a ratio of 3.3 parking spaces per 1,000 rentable square feet of Additional Premises, which amounts to fifty-one (51) additional parking spaces, which number shall include three (3) additional Reserved Spaces. In the event the Additional Premises is not ready for delivery to Tenant in the Required Condition on the Additional Premises Delivery Date, then (x) this Amendment and the Lease shall not be void or voidable, (y) Landlord shall not be liable to Tenant for any loss or damage resulting therefrom and (z) the new Basic Annual Rent applicable to the Premises shall be as further described in Section 4.3 of this Amendment.

  • Expansion Premises In addition to the Original Premises, commencing on the Expansion Premises Commencement Date (as defined below), Landlord leases to Tenant, and Tenant leases from Landlord, the Expansion Premises.

  • Expansion Space As used in this paragraph, the term “Expansion Space” means any space in the Building which, at any time during the Lease Term, is occupied by a Person other than Landlord under a written lease with Landlord, and the term “Tenant’s Expansion Space” means Expansion Space which Tenant has elected to lease as provided in this paragraph. Landlord agrees to notify Tenant promptly after Landlord learns that any Expansion Space is or will become available. Subject to the prior rights of other tenants to whom Landlord has granted substantially similar rights, Tenant has the option to lease any Expansion Space which Landlord notifies Tenant is or will become available. If Tenant gives Landlord notice of its exercise of this option within thirty (30) days after notification from Landlord of the availability of the Expansion Space and if no Event of Default exists when Tenant’s notice is given, this Lease will be deemed to be amended to include Tenant’s Expansion Space as part of the Premises for the remainder of the Lease Term upon all of the same terms contained in this Lease except that (i) the Rentable Area of the Premises will be amended to include Tenant’s Expansion Space; (ii) Tenant’s Share will be increased to include the rentable area of Tenant’s Expansion Space; (iii) the Term Commencement Date with respect to Tenant’s Expansion Space will be the earlier of sixty (60) days after the date on which Tenant’s Expansion Space becomes vacant and ready for occupancy (provided that date is at least sixty (60) days after Tenant exercises its option to lease the Expansion Space), or the date on which the Expansion Space is first occupied by Tenant; (iv) if Tenant’s Expansion Space contains a rentable area of 10,000 square feet or more, and if there are less than three (3) Lease Years remaining in the Lease Term, the Lease Term will be extended to include three (3) full years from the Term Commencement Date with respect to Tenant’s Expansion Space; and (v) subject to adjustment during each Fixed Rental Period as provided in Exhibit E, Basic Rent for each year of the remaining Lease Term (as it may be extended) will be the greater of (a) the Basic Rent last paid by the Person most recently occupying Tenant’s Expansion Space or (b) Market Rent determined as provided in the Rent Rider attached as Exhibit E. If Tenant exercises this option, Tenant’s Expansion Space will be leased to Tenant in its “as is” condition and Tenant will, at its expense and in compliance with the provisions of Section 7.06, design and construct all Improvements desired by Tenant for its use and occupancy. Landlord and Tenant agree to execute such amendments to this Lease and other instruments as either of them considers necessary or desirable to reflect Tenant’s exercise of this option.

  • Existing Premises Notwithstanding anything to the contrary in the Lease as hereby amended, Tenant shall continue to pay Base Rent for the Existing Premises in accordance with the terms of the Lease.

  • Base Rent Lessee shall pay Base Rent and other rent or charges, as the same may be adjusted from time to time, to Lessor in lawful money of the United States, without offset or deduction, on or before the day on which it is due under the terms of this Lease. Base Rent and all other rent and charges for any period during the term hereof which is for less than one full month shall be prorated based upon the actual number of days of the month involved. Payment of Base Rent and other charges shall be made to Lessor at its address stated herein or to such other persons or at such other addresses as Lessor may from time to time designate in writing to Lessee.