Total Base Rent Clause Samples
Total Base Rent. The Total Base Rent shall be the total sum paid by the District for the Project, in the form of Lease Payments under the terms of this Facilities Lease. The Total Base Rent for the Project shall not be exceeded except as specified under the provisions of this Article 4 and/or Exhibit D. The Total Base Rent for the lease of the Project is subject to the provisions of any Contingency Funds set forth in this Article 4.
4.4.2.1 The Entity has prepared a detailed line item costing of the Total Base Rent (TBR), including the Entity’s fee and any financing costs, which is attached to the Lease Payment Schedule. In the event any of the costs included in the TBR (excluding the Entity’s General Condition costs) are reduced subsequent to the District’s approval, the savings shall be disclosed by the Entity to the District and shall be distributed in equal parts to the Construction Contingency and to the District’s Contingency. Entity’s failure to disclose the savings shall be a material breach of this Agreement. All parties acknowledge that the Total Base Rent is based on the Plans and Specifications for the Project as approved or amended by DSA or as amended by mutual agreement of the Entity and the District.
4.4.2.2 The Total Base Rent will only be subject to change, as described in Exhibit D, for change orders and/or any other changes directed by the District or for Compensable Time Extensions.
4.4.2.3 Because satisfactory completion of the Project and the District’s rights under this Facilities Lease are essential to the District’s educational services, rights of quiet enjoyment, and other rights of tenancy, in addition to any other rights the District enjoys under California law, the District may withhold from any Lease Payment sufficient amount (a maximum of 150%) as in its reasonable judgment may be necessary to cover:
(1) Failure of the Entity to comply with its obligations under this Facilities Lease, including its exhibits;
(2) Breaches or interferences by the Entity of the District’s rights of quiet enjoyment and other rights of tenancy permitted under California law;
(3) Failure of the Entity to give the District timely occupancy of the Site and/or the Project;
(4) Payments which may be past due and payable for just claims against the Entity or any subcontractors for labor/materials furnished in and about the performance of work on the Project;
(5) Defective work not remedied;
(6) Completion of the Project if there exists a reasonable doubt that the Proje...
Total Base Rent. The Total Base Rent shall be the total sum paid by the Owner for the Project in the form of Lease Payments under the Facilities Lease. The Total Base Rent will be calculated following: (i) Contractor’s completion of the preconstruction services set forth above for the Project; (ii) the selection of all subcontractors in accordance with Education Code section 17406(a)(4) and the Request for Sealed Proposals; and (iii) any required DSA approval of the Plans and Specifications for the Work. Following the occurrence of all of the events set forth in the paragraph above, Contractor shall provide Owner with objectively verifiable information of its costs to perform the applicable the Work and a written rationale for the proposed Total Base Rent for the Project, including documentation sufficient to support the calculation. Contractor’s written rationale shall detail the “base construction cost” for the Project, consisting of (a) all subcontracts to be awarded by Contractor for the Project, plus (b) any separately awarded contracts for materials and supplies for the Project. The sum of the base construction cost, multiplied by the Percentage offered by the Contractor in its response to the Request for Sealed Proposals, shall be the “Contractor Fee”, which shall also be set forth in Contractor’s written rationale and added to the base construction cost to determine the Total Base Rent. The proposed Total Base Rent shall be approved or rejected by the Owner at a public meeting before Contractor may proceed with any Work under the Contract Documents. Once approved, the Parties shall execute an amendment to this Agreement, including Exhibit D, setting forth the Total Base Rent and associated Lease Payment Schedule. Contractor shall commence Work upon Notice to Proceed by the Owner, and the time for completion of the Work shall commence to run upon such notice by the Owner. If the Owner rejects the proposed Total Base Rent adjustment and requests another calculation from Contractor, then Contractor shall submit another calculation complying with this Section’s procedures. If the Owner rejects the proposed Total Base Rent adjustment and does not request another calculation from Contractor, then such rejection will act as a Termination for Convenience pursuant to the General Conditions. Except as otherwise provided in the General Conditions, the Contractor shall assume the risk of all costs in excess of the Total Base Rent in the performance of such work and shall not b...
Total Base Rent. The Total Base Rent shall be the total sum paid by the District for construction of the Project, including any financing costs, in the form of Lease Payments under the terms of this Facilities Lease. The Total Base Rent shall not be exceeded except in accordance with use of any approved contingency funds, allowances, or change to the Project, as provided for in the General Conditions.
Total Base Rent. Total Base Rent shall be comprised of (i) the New Premises Base Rent and (ii) the Expansion Space Base Rent which equals the sum of Nine Thousand Nine Hundred Seventy-Eight and No/l00ths Dollars ($9,978,00) ("TOTAL BASE RENT FOR THE EXTENDED TERM").
Total Base Rent. Pursuant to the Lease and the First Amendment, the Base Rent for the Original Premises and the Additional Premises shall be as follows: ▪ May 1, 2012 through April 20, 2013: $10,500 per month ▪ May 1, 2013 through April 20, 2014: $10,710 per month ▪ May 1, 2014 through April 20, 2015: $10,925 per month ▪ May 1, 2015 through April 20, 2016: $11,145 per month ▪ May 1, 2016 through April 20, 2017: $11,480 per month ▪ May 1, 2017 through April 20, 2018: $11,825 per month ▪ May 1, 2018 through April 20, 2019: $12,180 per month
Total Base Rent. Total Base Rent, as more specifically set forth below, for the Initial Term of the Lease, shall be Sixty Seven Thousand Eight Hundred Dollars ($67,800.00), payable monthly as set forth below (and is based upon an initial lease rate of $15.00 per sq. ft. of leasable space calculated by taking the midline of the Premises' perimeter walls and deriving therefrom the square footage of the enclosed area.)
5.1 As rental for the lease of the Premises, Tenant shall pay to Landlord, at Landlord's address set forth in Section 22 hereof, or at such other place and to such other person as Landlord may from time to time designate in writing for the initial term of this Lease, total monthly base rent ("Base Rent") in the initial amount of One Thousand One Hundred Thirty Dollars ($1,130.00), plus applicable state sales tax, (subject to escalation as described in Section 5.2 below) payable in monthly installments, in advance, without notice, due on the first day of each calendar month during the Term of this Lease, free from all claims, demands, or setoffs against Landlord of any kind or character whatsoever. If the Term of this Lease shall begin or terminate on other than the first or last day respectively of a calendar month, all Base Rent and other charges accruing under this Lease for such portion of the partial calendar month shall be apportioned and paid on the basis of a third day month. In addition to any other sums due under this Lease, simultaneously with Tenant's execution of this lease, Tenant shall pay Landlord the first month's rent.
5.2 The Base Rent set forth in Section 5.1 above shall be adjusted at the beginning of each Lease Year (as hereinafter defined) during the term of this Lease (and any renewal hereof) by the greater of (i) three percent (3%) of the immediately preceding Base Rent, or (ii) the sum obtained by multiplying such Base Rent by a fraction, the numerator of which shall be the Consumer Price Index - U.S. City Average for All Urban Consumers, Unadjusted, All Items, (1982-84 equals 100) "CPI" for the month preceding the month of adjustment, and the denominator of which shall be the CPI for the month preceding the month of commencement of this Lease. A "Lease Year" shall be the twelve-month period commencing with the Commencement Date of this Lease and ending one year later, except for the last Lease Year of the Term, which may be less than twelve months.
Total Base Rent. Accordingly, effective as of the 3A Effective Date, (i) Exhibit “B” to the Second Amendment shall be deleted in its entirety, (ii) Exhibit “C” to the First Amendment shall be deleted in its entirety, and (iii) Item 9 of the Basic Lease Information of the Lease is hereby amended in its entirety to read as follows:
Total Base Rent. (subject to adjustments set forth in the Additional Provisions section below): $58,524.24.
Total Base Rent. Pursuant to the Lease and the First Amendment, the Base Rent for the Original Premises and the Additional Premises shall be as follows:
Total Base Rent. Accordingly, effective as of the 1A Commencement Date, or 1 July 2010, Article 6.1 of the Lease is hereby amended to read as follows for the period starting at month 22 of the Term: “The Base Rent is subject to an annual increase of three percent (3%) per year, exclusive of tax and charges on each anniversary date of the Date of Entry into the Premises (as this term is defined in the Lease), or as indicated hereinafter: 22-24 € 279,388.00 25-36 € 353,469.20 37-48 € 364,073.21 49-60 € 374,995.34 61-72 € 386,245.38 73-84 € 397,833.15 85-96 € 409,767.54 97-108 € 422,060.47 109-120 € 434,722.96 121-132 € 447,764.05 133-144 € 461,196.86” C. CHARGES, SERVICE COSTS AND EXPENSES. Commencing on the 1A Commencement Date, Tenant’s portion of all taxes, costs and expenses for the Property, as set forth in Article 7.1 of the Lease, is hereby increased by 11% (eleven percent) (the “1A Pro Rata Increase”). Accordingly, effective as of the 1A Commencement Date, the reference to “53.18% (fifty-three and eighteen percent)” in Article 7.1 of the Lease is hereby deleted and replaced with “64.18% (sixty-four and eighteen one-hundredths percent)” in lieu thereof. The Parties agree that, Commencing on the 1A Commencement Date, and subject to its revision in accordance with the terms and conditions of the Lease, the advanced payment for the charges and expenses for the Leased Premises, as amended hereby, for the month of July 2010 will amount to € 66,949.71, VAT excluded.