Rent Calculation Sample Clauses

Rent Calculation. During the first 12 months of this Lease, Tenant shall pay to Landlord, with respect to each calendar year or fractional calendar year, as the case may be, total rental payments in the monthly sum of Two Thousand One Hundred Dollars ($ 2,100.00), being the sum of: (a) Subsidized Rent of One Thousand Six Hundred Eighty Dollars ($ 1,680.00) [being the product of $ 16.00, the subsidized annual rent per square foot, and square feet, the area of the Leased Premises, divided by 12 months]; and (b) common area monthly rent of Four Hundred Dollars ($ 420.00), representing a surcharge of twenty-five percent (25%) of the basic monthly rent to cover the Landlord's cost of maintaining and improving the common areas within the building.

Rent Calculation. The Developer shall use the Maximum Monthly Rent to determine the rental amount for Affordable Dwelling Units in each lease year.

Rent Calculation. Annual Rental shall be calculated based upon a fifteen percent (15%) capitalization rate of the difference of the Project Cost less (i) the Incentives, [(ii) the Tenant capital contributions (if any),] (iii) the Escrow Amount (as defined in Section 31 below) and (iv) the value of warrants issued by Tenant to Tiger Trust pursuant to [reference to agreement]. For example, based upon an assumed Project Cost of $150,137,402, Incentives in the amount of $7,000,000, an Escrow Amount of $10,000,000 and the value of warrants issued by Tenant of $18,750,000, the Annual Rental would be $17,158,110 ($150,137,402 - $35,750,000 = $114,387,402 x 0.15 = $17,158,110 and each monthly installment of Basic Rent would be $1,429,833.

Rent Calculation. The Parties hereby agree that the Base Rent payable pursuant to Section 4.1.1 during the Initial Term commencing upon the Open Date of this Lease, shall be calculated (“Base Rent Calculation”) using a standard financial amortization schedule. The amortization schedule shall calculate the principal and interest of the actual Construction Cost of Hotel, over a ten (10) year period using the following annual interest rates: Year One (1) and Year Two (2): two and one half percent (2.5%); Year Three (3) and Year Four (4): three and one half percent (3.5%); Year five (5) through Year Ten (10): four and one half percent (4.5%). For purposes of the Base Rent Calculation, Construction Costs and Soft Costs shall not exceed Landlord’s Project GMP of eight million two hundred eighteen thousand nine hundred forty-eight dollars and forty-six cents ($8,218,948.

Rent Calculation. The rent for each tenant is the product of the Annual Square Foot Cost multiplied by the number of square foot leased, based on the following definitions: i. Total Estimated Annual Operating Cost – the sum of the Building Sinking Fund Annual Payment, estimated annual utility cost and the Maintenance and Operating Cost, including Janitorial and Maintenance Services, Grounds Maintenance and Building Administration. ii. Annual Square Foot Cost – the Total Estimated Annual Operating Cost divided by 25,050 which is the number of usable square feet in the building. iii. Base Rent – rent for each tenant based on the Annual Square Foot Cost. iv. Additional Rent – rent for use of the shared space as identified in the Lease Agreement or contracted for on an annual basis, based on the Shared Space Rental Rate. v. Shared Space Rental Rate – fees for use of the gym, dining room and second floor classrooms as detailed in Section II. vi. Room Rental Fees – Charge to building tenants for use of shared spaces reserved on an as-available basis in accordance with Section II. vii. Total Rent – the sum of the Base Rent, the Additional Rent and Room Rental Fees.

Rent Calculation. During the first 12 months of this Lease, Tenant shall pay to Landlord, with respect to each calendar year or fractional calendar year, as the case may be, total rental payments in the monthly sum of Nine Hundred Forty Five Dollars ($ 945.00), being the sum of: (a) Subsidized Rent of Seven Hundred Fifty Six Dollars ($ 756.00) [being the product of $ 6.60, the subsidized annual rent per square foot, and 1375 square feet, the area of the Leased Premises, divided by 12 months]; and (b) common area monthly rent of One Hundred Eighty Nine Dollars ($ 189.00), representing a surcharge of twenty-five percent (25%) of the basic monthly rent to cover the Landlord's cost of maintaining and improving the common areas within the building. During subsequent 12 Month periods of this Lease, by similar calculation, Tenant shall pay to Landlord, with respect to each calendar year or fractional calendar year, as the case may be, total rental payments as follows:

Rent Calculation. 7.1 The rent to be reserved under the Lease (therein defined as the “Initial Rent”) shall be fifty-nine euro seventy-five cents (€59.75) per square foot of the Floor Area of the Office Premises calculated in accordance with the Measuring Code, together with a sum of seven euro fifty (€7.50) per square foot of the Floor Area for the Basement Storage Area and three thousand seven hundred and fifty euro (€3,750) in respect of each of the thirty one (31) car parking spaces. The Floor Area of the Demised Premises shall be measured and ascertained by the Landlord and the Tenant on such date as the Landlord shall notify to the Tenant and in the event of there being a dispute as to the Floor Area the matter shall be determined by an Independent Chartered Surveyor as set out hereunder:- (a) The Landlord and the Tenant shall endeavour to agree the Floor Area of the Demised Premises; (b) If they cannot do so the Floor Area shall be determined by such Independent Chartered Surveyor as the parties may agree or in default of agreement by such Chartered Surveyor as may be nominated upon the application of either party by the President (or other acting senior officer) of the Society of Chartered Surveyors Ireland; (c) The Independent Chartered Surveyor so appointed shall act as an expert and shall afford to the Landlord and the Tenant a reasonable opportunity of stating (whether in writing or otherwise as may be decided by him) reasons in support of such contentions as each party may wish to make relative to the matter or matters under consideration. 7.2 The determination of the Independent Chartered Surveyor shall be binding on the parties and his costs shall be borne by the parties as he shall decide. 7.3 In the event of the Floor Area not having been agreed by the Closing Date, the Tenant shall pay to the Landlord rent of six million eight hundred and five thousand three hundred thirty nine euro (€6,805,339) per annum (exclusive of any service charge, VAT or other payments due by the Tenant under the Lease) based on an estimated Floor Area of one hundred and eleven thousand seven hundred and ninety six (111,796) square feet of Office space, one thousand two hundred and thirty seven (1,237) square feet of basement storage space together with three thousand seven hundred and fifty euro (€3,750) in respect of each of the thirty one (31) car parking spaces and within fourteen days of agreement on or determination of the Floor Area there shall be paid by the Landlord to the...

Rent Calculation. Based on the rentable square footage of the Building, the following monthly Rent is payable during the Initial Term:

Rent Calculation. Rent shall be calculated as an amount equal to one hundred percent (100%) of the amount of the principal and interest payments on the portion of the Leasehold Loan used to finance the Tenant Improvements, which total amount and monthly payment amounts (which shall be based on a ten-year (10-year) amortization schedule with equal monthly payments) shall be certified by Leasehold Lender in the Affidavit of Completion and attached as an addendum to this Lease.