Allocation - Survival Sample Clauses

Allocation - Survival. If the Term ends or Rent Adjustment Termination Date occurs on any day other than the last day of December, any Rent Adjustment due Landlord or Tenant shall be prorated, and the Tenant shall pay such amount within fifteen (15) business days after being billed or Landlord shall pay such amount to Tenant within fifteen (15) business days after determining such calculation, as the case may be. The Tenant's obligation and covenants to pay the Rent Adjustment and the Rent Adjustment Deposits each and all independent of every other covenant set forth in this Lease shall survive the expiration or termination of this Lease. Rent Adjustment shall not be prorated for the Lease Year in which the Commencement Date falls, it being intended that such rent be paid as if the obligation to pay Rent Adjustment for such Lease Year under this Lease commenced January 1 of such year. Exhibit J-1 Sample Calculation of Rent Adjustments Year 1 (of the Existing Year 2 Year 3 Year 4 --------------- ------ ------ ------ Lease) ----- A Annual Base Rent (amount used for example purposes only) $ 4,000,000.00 $ 4,000,000.00 $ 4,000,000.00 $ 4,000,000.00 B Rent Adjustment (exhibit J Para B) $ 200,000.00 $ 180,000.00 $ 180,000.00 $ 180,000.00 ----------------------------------------------------------- C Annual Base Rent + Rent Adjustment (Row A + Row B) $ 4,200,000.00 $ 4,180,000.00 $ 4,180,000.00 $ 4,180,000.00 D Base Year CPI 126.5 126.5 126.5 126.5 E Current Year CPI (assumed) 135 150 160 -------------------------------------------- F Change in CPI (Row E-Row D)/Row D 0.067 0.186 0.265 G Rent Adjustment (Base Year to Subject Year 30% x C x F) $ 84,018.00 $ 233,244.00 $ 332,310.00 Annual Rent Adjustment Calc. H Incremental Rent Adjustments Subject Year G - Prior Year J $ 84,018.00 $ 149,226.00 $ 120,371.46 I Annual Cap Amount (3% of Prior Year Adj. Annual Base Rent) (3% x Prior Year K) $ 126,000.00 $ 127,920.54 $ 131,758.16 Cap Application If H greater than I Cap Applies Cap Not Appl Cap Appls Cap Not Appls -------------------------------------------- J Subject Lease Year Rent Adjustment If cap not Appl: G $ 84,018.00 $ 211,938.54 $ 332,310.00 If cap Applies: I plus Previous Year J ----------------------------------------------------------- K Adjusted Annual Base Rent A+B+J $ 4,200,000.00 $ 4,264,018.00 $ 4,391,938.54 $ 4,512,310.00 =========================================================== EXHIBIT K --------- Example of Calculation of Special Tenant Fee --------------------------------...