Common use of Phase III Clause in Contracts

Phase III. Tenant shall pay Base Rent for Phase III Expansion Premises in accordance with the following: 3/1/13 - 2/28/14 $ 197,894.55 $ 16,491.21 3/1/14 - 2/28/15 $ 202,987.05 $ 16,915.59 3/1/15 - 2/28/16 $ 208,079.55 $ 17,339.96 3/1/16 - 2/28/17 $ 213,172.05 $ 17,764.34 3/1/17 - 2/28/18 $ 218,264.55 $ 18,188.71 3/1/18 - 4/30/19 $ 223,357.05 $ 18,613.09 Anything to the contrary notwithstanding, Tenant shall not be required to pay Base Rent or Additional Rent for the first eight (8) months of the Term for Phase III Expansion Premises.

Appears in 2 contracts

Sources: Lease (Paylocity Holding Corp), Lease (Paylocity Holding Corp)