Base Rent for the Expansion Premises Sample Clauses

The 'Base Rent for the Expansion Premises' clause defines the amount of rent the tenant must pay for any additional space leased beyond the original premises. Typically, this clause specifies the calculation method for the base rent, such as referencing the same rate per square foot as the original premises or establishing a new rate based on market conditions or negotiations. Its core function is to ensure both parties have a clear understanding of the financial obligations associated with expanding the leased area, thereby preventing disputes and facilitating smooth lease modifications.
Base Rent for the Expansion Premises. Reference is hereby made to Article 3 ------------------------------------ of the Lease. In addition to the Base Rent payable by Tenant for the Existing Premises pursuant to the provisions of the Lease in effect prior to the date of this Agreement, from and after the First Expansion Premises Commencement Date (with respect to the First Expansion Premises), and the Second Expansion Premises Commencement Date (with respect to the Second Expansion Premises) and continuing through the remainder of the Term (subject to annual increases in accordance with the provisions of Paragraph 10 below), Tenant shall pay to Landlord, in accordance with the provisions of Section 3.1 of the Lease, $2.75 per month per square foot of Rentable Area in the Expansion Premises as Base Rent for the Expansion Premises. Base Rent for any partial month following the respective Expansion Premises Commencement Date shall be prorated based on the actual number of days in the month.
Base Rent for the Expansion Premises. The Base Rent due for the Expansion Premises is as set forth in the chart below: * plus applicable sales and transaction privilege taxes on Rent pursuant to Section 7(a) of the Original Lease and on Parking Rental Fees pursuant to Sections 1(o) and 7(a) of the Original Lease. Provided that no Default exists at the time of the abatement provided below, Tenant’s monthly installment of Base Rent shall be abated: a] for the months of November and December, 2017 (the “Abatement Period”), in the amount of Ninety-Seven Thousand Two Hundred Thirty-Three and 75/100 Dollars ($97,233.75) per month, for a total abatement of Base Rent in the amount of One Hundred Ninety-Four Thousand Four Hundred Sixty-Seven and 50/100 Dollars ($194,467.50); and b] beginning with the month of January, 2018, until an amount equal to the amount of base rent paid to an affiliate of Landlord by Tenant for its occupancy, through September 14, 2017, of Suite 115 in the building located at ▇▇ ▇. ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇, ▇▇▇▇▇▇▇ has been credited to Tenant’s account (collectively, the “Abated Rent”). The principal amount of the Abated Rent, together with interest thereon calculated at the Default Rate shall be amortized evenly over the period from September 15, 2017 through January 15, 2023. So long as no uncured Default occurs under the Lease that leads to the Landlord either repossessing the Premises or terminating the Lease, then upon Landlord’s receipt of the final monthly installment of Rent, Tenant shall have no liability to Landlord for the repayment of any portion of the Abated Rent. In the event of an uncured Default, then in addition to all of Landlord’s other remedies available under the Lease, Tenant shall also become immediately liable to Landlord for the unamortized portion of the Abated Rent existing as of the date of such uncured Default, and interest shall accrue thereon at the Default Rate. Provided, however, that if Landlord elects to exercise its rights under Section 32 of the Original Lease to accelerate the entire amount of all Rent and other charges due from Tenant for the balance of the Term (in accordance with the terms of such Section), and Landlord obtains a judgment for, or is paid by Tenant, the entire amount of such accelerated sum, then such judgment for or payment of such accelerated sum shall preclude a separate recovery by Landlord under the foregoing terms of this Section of such unamortized portion of the Abated Rent and any interest thereon. If Landlord i...
Base Rent for the Expansion Premises. Effective as of the Expansion Premises Commencement Date and continuing through to and including the Expansion Premises Expiration Date, in addition to all other amounts payable under the Lease, Tenant shall pay Base Rent for the Expansion Premises as set forth below. The monthly installment of Base Rent for the Expansion Premises for Expansion Premises Lease Month 6 shall be paid by Tenant upon execution hereof. 1-12* $ 1,058,934.60 $ 88,244.55 $ 2.85 13-24 $ 1,090,702.68 $ 90,891.89 $ 2.94 25-36 $ 1,123,423.68 $ 93,618.64 $ 3.02 37-48 $ 1,157,126.40 $ 96,427.20 $ 3.11 49-60 $ 1,191,840.24 $ 99,320.02 $ 3.21 61-72 $ 1,227,595.44 $ 102,299.62 $ 3.30 73-84 $ 1,264,423.32 $ 105,368.61 $ 3.40 85-96 $ 1,302,356.04 $ 108,529.67 $ 3.51 97-100 $ 1,341,426.72 $ 111,785.56 $ 3.61 * Base Rent for Expansion Premises Lease Months 1-5 shall be subject to abatement pursuant to the terms of Section 5(b)(ii) below.
Base Rent for the Expansion Premises. The Base Rent for the Expansion Premises shall commence on July 1, 2007 and shall be as follows: July 1, 2007 – June 30, 2008 $ 20,182.80 July 1, 2008 – June 30, 2009 $ 21,091.03 July 1, 2009 – June 30, 2010 $ 22,040.12 July 1, 2010 – June 30, 2011 $ 23,031.93 July 1, 2011 – September 30, 2011 $ 24,068.36 The Base Rent for the Original Premises shall remain in full force and effect and is unchanged by this Third Amendment. The Base Rent for the Expansion Premises shall be in addition to the Base Rent for the Original Premises.
Base Rent for the Expansion Premises. Effective as of the Expansion Premises Commencement Date and throughout the Expansion Premises Term, in addition to Additional Rent and all other costs and expenses payable by Tenant pursuant to the Lease as amended by this Amendment, Tenant shall pay to Landlord the following monthly Base Rent for the Expansion Premises in accordance with the terms of the Lease, as follows: LEASE MONTHS DURING EXPANSION PREMISES TERM ANNUAL BASE RENT MONTHLY BASE RENT MONTHLY BASE RENT PER RENTABLE SQUARE FOOT1 1 – 122 $104,112.00 $8,676.00 $3.00 13 – 24 $107,235.36 $8,936.28 $3.09 25 - 36 $110,358.72 $9,196.56 $3.18 37 - 48 $113,829.12 $9,485.76 $3.28 49 - 60 $117,299.52 $9,774.96 $3.38 61 - 62 $120,769.92 $10,064.16 $3.48 1 Note: Monthly Base Rent per rentable square foot has been rounded off to the nearest cent using conventional rounding principles.
Base Rent for the Expansion Premises. Effective as of the Expansion Premises Commencement Date and continuing through to and including the Expiration Date, in addition to all other amounts payable under the Lease, as amended, Tenant shall pay Base Rent for the Expansion Premises as set forth below, in accordance with the terms of the Lease, as amended. Upon execution of this Amendment, Tenant shall pay to Landlord the sum of $17,598.00 constituting the monthly installment of Base Rent due and payable by Tenant for the first (1st) full calendar month of the Expansion Premises Term following the Abatement Period (as defined below). February 1, 2012 – January 31, 2013 $ 211,176.00 $ 17,598.00 $ 2.80 February 1, 2013 – January 31, 2014 $ 217,511.28 $ 18,125.94 $ 2.88 February 1, 2014 – January 31, 2015 $ 224,036.62 $ 18,669.72 $ 2.97 February 1, 2015 – January 31, 2016 $ 230,757.72 $ 19,229.81 $ 3.06 February 1, 2016 – January 31, 2017 $ 237,680.45 $ 19,806.70 $ 3.15 February 1, 2017 – January 31, 2018 $ 244,810.86 $ 20,400.91 $ 3.25 February 1, 2018 – March 31, 2018 N/A $ 21,012.93 $ 3.34
Base Rent for the Expansion Premises a. Up to and including the Giveback Date, Tenant shall continue to pay Base Rent for the Expansion Premises as provided for in the First Amendment. b. Effective as of the Expansion Premises Retake Date, Tenant shall pay Base Rent for the Expansion Premises as follows: (i) initially, the monthly Base Rent for the Expansion Premises shall equal $6,215.00 multiplied by a fraction, the numerator of which shall be the monthly Base Rent applicable to the Original Premises on the Expansion Premises Retake Date and the denominator of which shall be the monthly Base Rent applicable to the Original Premises on the date hereof; provided that at no time shall the monthly Base Rent for the Expansion Premises be less than $6,215.00. (ii) on each Adjustment Date occurring after the Expansion Premises Retake Date, the Base Rent for the Expansion Premises in effect just prior to such Adjustment Date shall be increased by the Rent Adjustment Percentage applicable on such Adjustment Date under Section 4(b) of the Lease.
Base Rent for the Expansion Premises. Tenant shall pay as Base Rent for the Expansion Premises commencing upon the Expansion Premises Commencement Date and during the Extended Term in the following amounts: 11/1/20-1/31/21 $0.00 $0.00
Base Rent for the Expansion Premises. Commencing on the Expansion Commencement Date and thereafter on or before the first day of each calendar month during the remainder of the Expansion Term, Subtenant shall pay to Sublandlord with respect to the Expansion Premises, at such place as Sublandlord may designate, without deduction, offset, prior notice or demand, Base Sublease Rent in lawful money of the United States as follows: January 15, 2013 — April 14, 2013 39,142 $ 0.00 $ 0.00 April 15, 2013 — January 14, 2014 20,000 $ 2.25 * $ 45,000.00 * January 15, 2014 - December 31, 2014 39,142 $ 2.32 $ 90,809.44 January 1, 2015 - December 31, 2015 39,142 $ 2.39 $ 93,549.38 January 1, 2016 - October 5, 2016 39,142 $ 2.46 $ 96,289.32 *During this period, Base Sublease Rent with respect to the Expansion Premises is payable only with respect to 20,000 rentable square feet of the Expansion Premises; provided, however, that Subtenant shall be obligated to pay Additional Rent with respect to the entirety of the Expansion Premises commencing on January 15, 2013 and throughout the remainder of the Expansion Term. A payment of Base Sublease Rent with respect to the Expansion Premises in the aggregate amount of $67,500 (for the one-half month of April 2013 in the amount of $22,500 and the month of May 2013 in the amount of $45,000.00) shall be delivered to Sublandlord concurrently with Subtenant’s execution of this Amendment and shall be credited against the Base Sublease Rent with respect to the Expansion Premises due for the period from April 15, 2013 to May 31, 2013. For the ease of reference of the parties, attached hereto as Exhibit A-2 is a schedule of the Base Sublease Rent due for the entirety of the Subleased Premises.
Base Rent for the Expansion Premises. Beginning on the Expansion Commencement Date, and continuing through and until the Fourth Amendment Expiration Date, Tenant shall pay monthly Base Rent for the Expansion Premises pursuant to the following schedule: 1-12 $ 1.60 $ 6,750.40 13-24 $ 1.66 $ 6,986.66 25-36 (i.e., the Fourth Amendment Expiration Date) $ 1.71 $ 7,231.20 * For the purposes of this Section 3(a), the reference to “Months” shall mean the number of months following the Expansion Commencement Date. For example, “12” shall mean the twelfth (12th) month following the Expansion Commencement Date. ** An approximation based on rounding the result of the “Amount of Total Base Rent Payable Per Monthdivided by the total rentable square footage of the Expansion Premises.