Common use of Initial Monthly Base Rent Clause in Contracts

Initial Monthly Base Rent. The entire second sentence of Paragraph l(j) of the Lease, beginning with "By way of example,...", is hereby deleted in its entirety and replaced by the following: "By way of example, if the Building contains 170,500 square feet, of which 10,383 square feet comprise office space, the initial Monthly Base Rent shall be equal to the sum of (A) $.3325 × 170,500 (i.e. $56,691.25) plus (B) $.65 × 10,383 (i.e. $6,748.95), for a total initial Monthly Base Rent of $63,440.20."

Appears in 1 contract

Sources: Industrial Lease (Cutter & Buck Inc)

Initial Monthly Base Rent. The entire second sentence of Paragraph l(j1(j) of the Lease, beginning with "By way of example,..., . . .", is hereby deleted in its entirety and replaced by the following: "By way of example, if the Building contains 170,500 square feet, of which 10,383 square feet comprise office space, the initial Monthly Base Rent shall be equal to the sum of (A) $.3325 × x 170,500 (i.e. $56,691.25) plus (B) $.65 × x 10,383 (i.e. $6,748.95), for a total initial Monthly Base Rent of $63,440.20."

Appears in 1 contract

Sources: Lease (Cutter & Buck Inc)