Common use of Monthly Installment Clause in Contracts

Monthly Installment. The Monthly Installment of rent for the period commencing on the Commencement Date of this Lease and ending on the Substantial Completion Date (if the Commencement Date and Substantial Completion Date are different dates) and the Monthly Installment of rent for the first year of the lease Term, commencing on the Substantial Completion Date, shall be equal to One Hundred Five Thousand Eight Hundred Twenty Dollars ($105,820) per month for Building B and One Hundred Eight Thousand Six Hundred Eighty Dollars ($108,680) per month for Building D. The Monthly Installment of rent during the Lease years following the first year of the Lease Term (including, without limitation, during each Extension Term) shall be the Monthly installment of rent for the immediately preceding year plus an additional Three Thousand Seven Hundred Dollars ($3,700) per month for Building B and Three Thousand Eight Hundred Dollars ($3,800) per month for Building D (which totals an additional Seven Thousand Five Hundred Dollars ($7,500) per month for Building B and Building D). Such Seven Thousand Five Hundred Dollar ($7,5000) monthly increase on each anniversary of the Commencement Date as provided in the immediately preceding sentence is the equivalent of a Five Cent ($0.05) per rentable square foot per month increase in the monthly rental rate for the Buildings on each anniversary of the Commencement Date..

Appears in 1 contract

Sources: Lease Agreement (Cisco Systems Inc)

Monthly Installment. The Monthly Installment of rent for the period commencing on the Commencement Date of this Lease and ending on the Substantial Completion Date (if the Commencement Date and Substantial Completion Date are different dates) and the Monthly Installment of rent for the first year of the lease Term, commencing on the Substantial Completion Date, shall be equal to One Hundred Five Thousand Eight Hundred Twenty Dollars ($105,820) per month for Building B A and One Hundred Eight Thousand Six Hundred Eighty Dollars ($108,680) per month for Building D. C. The Monthly Installment of rent during the Lease years following the first year of the Lease Term (including, without limitation, during each Extension Term) shall be the Monthly installment of rent for the immediately preceding year plus an additional Three Thousand Seven Hundred Dollars ($3,700) per month for Building B A and Three Thousand Eight Hundred Dollars ($3,800) per month for Building D C (which totals an additional Seven Thousand Five Hundred Dollars ($7,500) per month for Building B A and Building DC). Such Seven Thousand Five Hundred Dollar ($7,50007,500) monthly increase on each anniversary of the Commencement Date as provided in the immediately preceding sentence is the equivalent of a Five Cent ($0.05) per rentable square foot per month increase in the monthly rental rate for the Buildings on each anniversary of the Commencement Date...

Appears in 1 contract

Sources: Lease Agreement (Cisco Systems Inc)