Rental Amounts. Tenant shall pay to Landlord as minimum rental for the Premises, in advance, without deduction, offset, notice or demand, on or before the Rent Commencement Date and on or before the first day of each subsequent calendar month of the initial term of this Lease, the following amounts per month (subject to adjustment under Section 3.1(c) below, if applicable): Months Sq Ft PSF/PM Monthly Minimum Rental 01 - 12 30,000 $ 3.250 $ 97,500.00 13 - 18 36,000 $ 3.400 $ 122,499.00 19 - 24 45,678 $ 3.400 $ 155,305.00 25 - 36 45,678 $ 3.600 $ 164,441.00 37 - 48 45,678 $ 3.744 $ 171,018.00 49 - 60 45,678 $ 3.894 $ 177,859.00 61 - 72 45,678 $ 4.050 $ 184,974.00 73 - 84 45,678 $ 4.211 $ 192,372.00 If the obligation to pay minimum rental hereunder commences on other than the first day of a calendar month or if the term of this Lease terminates on other than the last day of a calendar month, the minimum rental for such first rental payment month or last month of the term of this Lease, as the case may be, shall be prorated based on the number of days the term of this Lease (from and after the Rent Commencement Date, if applicable) is in effect during such month. If an increase in minimum rental becomes effective on a day other than the first day of a calendar month, the minimum rental for that month shall be the sum of the two applicable rates, each prorated for the portion of the month during which such rate is in effect.
Rental Amounts. Tenant shall pay to Landlord as minimum rental for the Premises, in advance, without deduction, offset, notice or demand, on or before the Commencement Date and on or before the first day of each subsequent calendar month of the initial term of this Lease, the following amounts per month: Months Monthly Minimum Rental ------ ---------------------- 7/01 - 12/01 $ 212,537.52 ($1.560/sq ft) 1/02 - 12/02 261,584.64 ($1.920/sq ft) 1/03 - 12/03 271,121.58 ($1.990/sq ft) 1/04 - 12/04 283,383.36 ($2.080/sq ft) 1/05 - 12/05 479,571.84 ($3.520/sq ft) 1/06 - 12/06 498,781.96 ($3.661/sq ft) 1/07 - 12/07 518,673.29 ($3.807/sq ft) 1/08 - 12/08 539,518.32 ($3.960/sq ft) 1/09 - 12/09 561,044.56 ($4.118/sq ft) 1/10 - 12/10 583,524.49 ($4.283/sq ft) 1/11 - 6/11 606,821.87 ($4.454/sq ft) If the obligation to pay minimum rental hereunder commences on other than the first day of a calendar month or if the term of this Lease terminates on other than the last day of a calendar month, the minimum rental for such first or last month of the term of this Lease, as the case may be, shall be prorated based on the number of days the term of this Lease is in effect during such month. If an increase in minimum rental becomes effective on a day other than the first day of a calendar month, the minimum rental for that month shall be the sum of the two applicable rates, each prorated for the portion of the month during which such rate is in effect.
Rental Amounts. Fixed Rent for the First Lease Year shall be at the rate of $1,560,000 per annum, payable in equal monthly installments of $130,000 (which monthly installments of Fixed Rent shall be pro-rated for the first and last months of the First Lease Year in accordance with Section 3.1.1 above). Without limitation of Section 28 below, each Tenant’s allocable share of Fixed Rent shall be equal to the product of (i) the Tenant’s Proportionate Share for such Tenant set forth on Schedule 2 attached hereto; and (ii) the Fixed Rent due hereunder, as applicable. Commencing upon the commencement of the second (2nd) Lease Year of the Initial Term, and upon the commencement of each Lease Year thereafter during the Initial Term, the Fixed Rent for such Lease Year shall be an amount equal to the sum of (x) the Prior Period Fixed Rent applicable to such Lease Year, plus (y) the product of (a) the Prior Period Fixed Rent applicable to such Lease Year and (b) provided the Rent Escalation Condition has been satisfied with respect to such Lease Year, the amount equal to the greater of (1) two percent (2%) (in the case of Lease Years 2 through 5) and three percent (3%) (in the case of each Lease Year during the Initial Term after Lease Year 5); or (2) seventy-five percent (75%) of the CPI Increase, expressed as a percentage, for such Lease Year for which such calculation is being performed. Notwithstanding anything contained herein to the contrary, if the Rent Escalation Condition fails with respect to any one or more Lease Years during the Term, the Fixed Rent determined for the next Lease Year with respect to which the Rent Escalation Condition is satisfied shall be determined as if the Rent Escalation Condition had been satisfied for all previous Lease Years and the Fixed Rent had been escalated pursuant to, and in accordance with, the terms of this Section 3.1.2 for all prior Lease Years. By way of illustration only, if: (A) the Rent Escalation Condition has failed for both the second Lease Year and the third Lease Year of the respective Term; but (B) the Rent Escalation Condition is satisfied for the fourth Lease Year of the respective Term, the Fixed Rent for the fourth Lease Year shall be determined as if the Rent Escalation Condition for the two preceding Lease Years (and all other Lease Years) had been satisfied such that the Fixed Rent for that fourth Lease Year shall include, and be determined on the basis of, the Xxxxxxxxxxx Xxxxx escalations for all prior Lease Years wh...
Rental Amounts. Tenant shall pay to Landlord as minimum rental for the respective Buildings or applicable portions thereof, in advance, without deduction, offset (except as specifically authorized under Paragraph 4(c) of the Workletter, if applicable), notice or demand, on or before the applicable Rent Commencement Date for the respective Building and on or before the first day of each subsequent calendar month of the initial term of this Lease, the following amounts per month (the "Minimum Rental"), subject to adjustment in accordance with the terms of this Section 3.1:
Rental Amounts. During the Primary Period the Lessee shall pay instalments of Primary Rental to the Lessor on each Primary Rental Date and, where applicable, during the Secondary Period instalments of Secondary Rental for the Ship and, throughout the Lease Period, any other Rental in each such case in the amounts, at the times and in the manner provided in the Financial Schedule.
Rental Amounts. 6 (b) Rental Adjustment Due to Change in Square Footage ..... 6 (c) Rental Amounts During First Extended Term ............. 7 (d) Rental Amounts During Second Extended Term ............ 7 3.2
Rental Amounts. Tenant shall pay to Landlord as minimum rental for the Premises, in advance, without deduction, offset, notice or demand, on or before the Rent Commencement Date and on or before the first day of each subsequent calendar month of the initial term of this Lease, the following amounts per month: Months PSF/mo Monthly Minimum Rental 01- 03 $ 2.869 $ 356,542.11 04- 12 $ 2.46 $ 305,714.04 13- 24 $ 2.50 $ 310,685.00 25- 36 $ 2.54 $ 315,655.96 37- 48 $ 2.59 $ 321,869.66 49- 60 $ 2.63 $ 326,840.62 61- 72 $ 2.68 $ 333,054.32 73- 84 $ 2.72 $ 338,025.28 85- 96 $ 2.77 $ 344,238.98 97- 108 $ 2.82 $ 350,452.68 109- 120 $ 2.87 $ 356,666.38 If the obligation to pay minimum rental hereunder for the initial term or for any renewal term commences on other than the first day of a calendar month or if the initial term or any renewal term of this Lease terminates on other than the last day of a calendar month, the minimum rental for such first or last month of the applicable initial or renewal term of this Lease, as the case may be, shall be prorated based on the number of days the applicable term of this Lease is in effect during such month. If an increase in minimum rental becomes effective on a day other than the first day of a calendar month, the minimum rental for that month shall be a blend of the two applicable rates, each prorated for the portion of the month during which such rate is in effect.
Rental Amounts. All properties list for a rental amount to be determined by the Agent at Agent=s discretion unless a specific minimum rental amount is set by the Owner and listed on the DATA/FEE PAGS (Section 2) of this Agreement or SCHEDULE “A” property list page.
Rental Amounts. Tenant shall pay to Landlord as minimum rental for the Premises, in advance, without deduction, offset, notice or demand, on or before the Rent Commencement Date and on or before the first day of each subsequent calendar month of the initial term of this Lease, the following amounts per month: Months Monthly Minimum Rental 001 - 012 $ 33,000.00 (12,000 sq ft @ $2.75/sq ft) 013 - 024 70,446.25 (24,725 sq ft @ $2.85/sq ft) 025 - 030 72,938.75 (24,725 sq ft @ $2.95/sq ft) If the obligation to pay minimum rental hereunder for the initial term or for any extended term commences on other than the first day of a calendar month or if the initial term or any extended term of this Lease terminates on other than the last day of a calendar month, the minimum rental for such first or last month of the applicable initial or extended term of this Lease, as the case may be, shall be prorated based on the number of days the applicable term of this Lease is in effect during such month. If an increase in minimum rental becomes effective on a day other than the first day of a calendar month, the minimum rental for that month shall be the sum of the two applicable rates, each prorated for the portion of the month during which such rate is in effect.
Rental Amounts. Tenant shall pay to Landlord as minimum rental for the Premises, in advance, without deduction, offset, notice or demand, on or before the Commencement Date and on or before the first day of each subsequent calendar month of the initial term of this Lease, the following amounts per month: Months Monthly Minimum Rental [*] [*] [*] If the obligation to pay minimum rental hereunder commences on other than the first day of a calendar month or if the term of this Lease terminates on other than the last day of a calendar month, the minimum rental for such first or last month of the term of this Lease, as the case may be, shall be prorated based on the number of days the term of this Lease is in effect during such month. If an increase in minimum rental becomes effective on a day other than the first day of a calendar month, the minimum rental for that month shall be the sum of the two applicable rates, each prorated for the portion of the month during which such rate is in effect.
