Common use of Post Construction Clause in Contracts

Post Construction. From the earlier of (i) issuance of a temporary certificate of occupancy for the Project (ii) Substantial Completion of the Project; or (iii) the five hundred and fortieth (540th) day following the Execution Date and for the remaining Term (and Extension Terms), Tenant will pay Three Dollars and Ninety Six Cents ($3.96) per square foot of the Property per year, plus leasehold excise tax at 12.84%, subject to adjustment as set forth in this Section 4.2, which Base Rent shall be payable monthly in equal installments of one-twelfth (1/12) of such amount, as follows: 862,488 sf x $3.96 / 12 = $284,621.04* * plus leasehold excise tax at 12.84% or any rate subsequently imposed by the State of Washington

Post Construction. From the earlier of (i) issuance of a temporary certificate of occupancy for the Project (ii) Substantial Completion of the Project; or (iii) the five hundred and fortieth (540th) day following the Execution Date August 1, 2026, and for the remaining Term (and Extension Terms), Tenant will pay Three Dollars and Ninety Six Cents ($3.96) per square foot of the Property per year, plus leasehold excise tax at 12.84%tax, subject to adjustment as set forth in this Section 4.2, which Base Rent shall be payable monthly in equal installments of one-twelfth (1/12) of such amount, as follows: 862,488 883,357 sf x $3.96 / 12 = $284,621.04291,507.81* * plus leasehold excise tax at 12.84% or any rate subsequently imposed by the State of Washington