Common use of Beginning January Clause in Contracts

Beginning January. 1,1999 and ending on the Termination Date, Base Rent for both the Initial Premises and the Expansion Premises shall be as follows: Approximate Period Yearly Amount Monthly Amount Yrly Rate/SF ------ ------------- -------------- ------------ 01/01/99 - 06/30/99 N/A $21,341.00 $18.60 07/01/99 - 06/30/00 $263,760.00 $21,980.00 $19.16 07/01/00 - 06/30/01 $271,680.00 $22,640.00 $19.73 07/01/01 - 06/30/02 $279,828.00 $23,319.00 $20.32 07/01/02 - 06/30/03 $288,228.00 $24,019.00 $20.93 07/01/03 - Termination Date $24,739.00 $21.56

Appears in 2 contracts

Sources: Office Lease (Elastic Networks Inc), Office Lease (Elastic Networks Inc)