Common use of Additional Premises Base Rent Clause in Contracts

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.