Additional Monthly Base Rent. As a result of Tenant’s use of the Utilized Additional TI Allowance, Tenant is required to pay Additional Monthly Base Rent calculated as provided in Section 4 of the Tenant Work Letter, which Additional Monthly Base Rent shall be equal to $ per month, payable on or before the first (1st) day of each month commencing as of , and continuing through the expiration of the initial Lease Term.
Additional Monthly Base Rent. If Tenant exercises its right to use any portion of the Additional Tenant Improvement Allowance, the monthly Base Rent for the Premises shall be increased by an amount equal to the “Additional Monthly Base Rent,” as that term is defined below, in order to repay such Additional Tenant Improvement Allowance to Landlord. The “Additional Monthly Base Rent” shall be determined as the missing component of an annuity, which annuity shall have (w) the amount of the Additional Tenant Improvement Allowance which Tenant actually utilizes as the present value amount, (x) the number of monthly rental payments that Tenant shall be required to make during the then-remaining term of Tenant’s lease of the Premises as the number of payments (excluding the Base Rent Abatement Period), (y) sixty-seven hundredths (.67), which is equal to eight percent (8%) divided by twelve (12) months per year, as the monthly interest factor and (z) the Additional Monthly Base Rent as the missing component of the annuity. Landlord and Tenant acknowledge that the Additional Tenant Improvement Allowance may be requested by Tenant, and paid to Tenant, in multiple disbursements, and the parties shall follow the distribution process set forth in Section 2.1.3 and/or Section 2.1.4, below, as applicable, for each such disbursement.
Additional Monthly Base Rent. As a result of Tenant’s use of the Utilized Alterations Allowance, Tenant is required to pay Additional Monthly Base Rent calculated as provided in Section 8.6 of the Lease, which Additional Monthly Base Rent shall be as follows Date Additional Monthly Base Rent $ . $ . $ . $ . $ . $ . $ . HCP, INC. EXHIBIT G [Eccles Business Park] -1- [Flexus Biosciences, Inc.]
Additional Monthly Base Rent. Notwithstanding any provision to the contrary contained in the Lease, in addition to the Base Rent amounts set forth above, Tenant shall continue to be obligated to make monthly payments of Additional Monthly Base Rent in connection with Tenant’s use of the Alterations Allowance (pursuant to the terms of Section 8.6 of the Original Lease) in the amounts set forth below through May 31, 2022 in the same manner as Base Rent: Period During Lease Term Payment of Additional Monthly Base Rent June 1, 2017 – May 31, 2018 $ 10,554.74 June 1, 2018 – May 31, 2019 $ 10,871.38 June 1, 2019 – May 31, 2020 $ 11,197.53 June 1, 2020 – May 31, 2021 $ 11,533.45 June 1, 2021 – May 31, 2022 $ 11,879.45
Additional Monthly Base Rent. Pursuant to the terms of Section 2.2 of the Work Letter, in the event Tenant utilizes all or any portion of the Additional Improvement Allowance, the monthly Base Rent for the Premises for the initial Lease Term shall be increased by an amount equal to the “Additional Monthly Base Rent”, as that term is defined in Section 2.2 of the Tenant Work Letter. Accordingly, due to Tenant’s use of the portion of the Additional Improvement Allowance set forth in Section 2 above, Landlord and Tenant hereby acknowledge and agree that the Base Rent schedule set forth in this Section 3 shall supersede and replace the Base Rent schedule set forth in Section 4 of the Summary of Basic Lease Information attached to the Lease, and therefore Tenant shall pay Base Rent for the Premises in accordance with the Lease, as amended, in the amounts set forth below throughout the Lease Term: Lease Months Annual Base Rent Monthly Base Rent Monthly Amortized TI Amount Monthly Base Rent per RSF 1/1/13 - 12/31/13 ** $ 882,000.00 * $ 73,500.00 * $ 0.00 $ 2.45 1/1/14 - 4/30/14 $ 425,866.56 $ 106,466.64 $ 0.00 $ 2.54 5/1/14 - 12/13/14 *** $ 981,327.76 $ 106,466.64 $ 16,199.33 $ 2.93 1/1/15 - 12/31/15 $ 1,577,619.96 $ 115,269.00 $ 16,199.33 $ 3.14 1/1/16 - 12/31/16 $ 1,653,068.76 $ 121,556.40 $ 16,199.33 $ 3.29 1/1/17 - 12/31/17 $ 1,703,367.96 $ 125,748.00 $ 16,199.33 $ 3.39 1/1/18 - 12/31/18 $ 1,753,667.16 $ 129,939.60 $ 16,199.33 $ 3.49 1/1/19 - 12/31/19 $ 1,803,966.36 $ 134,131.20 $ 16,199.33 $ 3.59 * Note that for the first twelve (12) months of the Lease Term, Tenant’s Base Rent obligation has been calculated as if the Premises contained only 30,000 rentable square feet of space. Such calculation shall not affect Tenant’s right to use the entire Premises, or Tenant’s obligations under this Lease with respect to the entire Premises, other than Tenant’s obligation to pay Tenant’s Share of Direct Expenses with respect to the Premises which shall be as provided in Section 6 of this Summary, all in accordance with the terms and conditions of this Lease. ** Note: Notwithstanding the foregoing, Tenant shall have no obligation to pay any Base Rent, or Tenant’s Share of Direct Expenses, attributable to the first two (2) months of the Lease Term. *** Note: Effective May 1, 2014, Tenant’s Base Rent above shall be increased to include the amortized Additional Tenant Improvement Allowance as provided in Section 2.2 of the Tenant Work Letter in an amount equal Sixteen Thousand One Hundred Ninety-nine a...
Additional Monthly Base Rent. As a result of Tenant’s use of the Utilized Additional Improvement Allowance, Tenant is required to pay Additional Monthly Base Rent calculated as provided in Section 4(a) of Exhibit B to the Lease, and accordingly, the Base Rent schedule set forth in this Section 3, below, which includes such Additional Monthly Base Rent, shall supersede and replace the Base Rent schedule set forth in Section 4 of the Summary of Basic Lease Information attached to the Lease: Lease Months Annual Base Rent Monthly Installment of Base Rent Monthly Base Rent per RSF 1 – 12** $ . * $ . * $ . 13—24 $ . $ . $ . 25—36 $ . $ . $ . 37—48 $ . $ . $ . 49—60 $ . $ . $ . 61—72 $ . $ . $ . 73—84 $ . $ . $ . EXHIBIT B *Note that for the first twelve (12) months of the Lease Term, Tenant’s Base Rent obligation has been calculated as if the Premises contained only 30,000 rentable square feet of space. Such calculation shall not affect Tenant’s right to use the entire Premises, or Tenant’s obligations under this Lease with respect to the entire Premises, other than Tenant’s obligation to pay Tenant’s Share of Direct Expenses with respect to the Premises which shall be as provided in Section 6 of this Summary, all in accordance with the terms and conditions of this Lease.
Additional Monthly Base Rent. As a result of Tenant’s use of the Utilized Additional Improvement Allowance, Tenant is required to pay Additional Monthly Base Rent calculated as provided in Section 4(a) of Exhibit B to the First Amendment, and accordingly, the Base Rent schedule set forth in this Section 3, below, which includes such Additional Monthly EXHIBIT B -14- HCP LS REDWOOD CITY, LLC [First Amendment] [Relypsa, Inc.] Base Rent, shall supersede and replace the Base Rent schedule set forth in Section 4.2 of the First Amendment: Expansion Year Annual Base Rent Monthly Installment of Base Rent Monthly Base Rent per RSF $________.__* $________.__* $___.__ $________.__ $________.__ $___.__ $________.__ $________.__ $___.__ $________.__ $________.__ $___.__ $________.__ $________.__ $___.__ $________.__ $________.__ $___.__ $________.__ $________.__ $___.__
Additional Monthly Base Rent. In addition to the then Monthly ---------------------------- Base Rent payable by Tenant pursuant to Section 4.1 above, (i) effective as of the first day of the calendar month after Landlord has notified Tenant that Landlord has funded fifty percent (50%) of the Building Four Allowance, and continuing for a total of sixty (60) consecutive calendar months, Monthly Base Rent shall be increased by the amount calculated to fully amortize the Building Four Allowance utilized by Tenant over said sixty (60) month period, based upon equal monthly payments of principal and interest, with interest imputed on the outstanding principal balance at the rate of twelve percent (12%) per annum, and (ii) effective as of the first day of the calendar month after Landlord has notified Tenant that Landlord has funded fifty percent (50%) of the Expansion Space Allowance, and continuing for a total of sixty (60) consecutive calendar months, Monthly Base Rent shall increase by the amount calculated to fully amortize the Expansion Space Allowance utilized by Tenant over said sixty (60) month period, based upon equal monthly payments of principal and interest, with interest imputed on the outstanding principal balance at the rate of twelve percent (12%) per annum.
Additional Monthly Base Rent. As a result of Xxxxxx's use of the Utilized Additional TI Allowance, beginning on July 1, 2023 and continuing on the first (1st) day of each month for the remainder of the Lease Term, and in addition to the obligations of Tenant for Base Rent and other amounts due and owing under the Lease, Tenant shall pay to Landlord the sum of $50,433.27 as the Additional TI Allowance Payment, which represents the amount of the Utilized Additional TI Allowance amortized over the remaining Lease Term at 8.5% per annum.
Additional Monthly Base Rent. In addition to the then Monthly Base ---------------------------- Rent payable by Tenant pursuant to Section 3 above, Monthly Base Rent payable by Tenant shall be increased as provided in Section 4.2 of the Fourth Amendment.
