Common use of Annual Base Rent Clause in Contracts

Annual Base Rent. Commencing on the Rent Commencement Date, and thereafter during the Term, Tenant shall pay annual base rent in the amounts set forth immediately below (the "Annual Base Rent"), which amounts shall be payable in equal monthly installments (the "Monthly Base Rent") as set forth immediately below: All installments of Monthly Base Rent shall be payable in advance, on the Rent Commencement Date and the first day of each calendar month thereafter during the Term. If the Rent Commencement Date shall be a day other than the first day of a calendar month, (1) the Annual Base Rent for the first Lease Year shall be an amount equal to the sum of (x) the amount of Monthly Base Rent for the partial month in which the Rent Commencement Date occurs, plus (y) the amount of the Annual Base Rent for the first Lease Year set forth in the rent chart above, and (2) Monthly Base Rent for such partial month shall be the prorated amount of the Monthly Base Rent payable hereunder during the first Lease Year, which proration shall be based upon the actual number of days of such partial month. The prorated Monthly Base Rent for such partial month shall be payable on the first day of the calendar month after the month in which the Rent Commencement Date occurs. As used in this Lease, the term "Lease Year" means (A) with respect to the first Lease Year, the twelve (12) full calendar month period commencing on the Rent Commencement Date (plus the number of days in any partial first month if the Rent Commencement Date is not the first day of the month), except that if the Rent Commencement Date is a date earlier than May 1, 2012, then the first Lease Year shall commence on the Rent Commencement Date and shall expire on April 30, 2013, and (B) with respect to the second Lease Year and each subsequent Lease Year thereafter, each successive period of twelve (12) full calendar months following the expiration of the first Lease Year.

Annual Base Rent. Commencing on the Rent Commencement Date, and thereafter during (i) During each year of the Term, Tenant shall pay annual base rent to Landlord for the Premises in the amounts set forth immediately below amount of Seventy-Two Thousand Eight Hundred Forty-Six and 00/100 Dollars ($72,846.00) (the "Annual Base Rent"), which amounts shall be ) payable in equal monthly installments of Six Thousand Seventy and 50/100 Dollars (the $6,070.50)(the "Monthly Base Rent"), in advance. Notwithstanding the foregoing, Landlord agrees to forgive and xxxxx the payment of Monthly Base Rent for the first one and one-half (1.5) as set forth immediately below: calendar months of the Term. (ii) In addition to the payment of Annual Base Rent, Tenant shall be responsible for the payment of Tenant's Pro Rata Share of increases in Operating Expenses (hereinafter defined) and Tenant's Pro Rata Share of increases in Real Estate Taxes (hereinafter defined) pursuant to Section 4b hereof, and the Electricity Charge (hereinafter defined) pursuant to Section 4c hereof. (iii) All installments of Monthly Base Rent shall be payable in advance, on the Rent Commencement Date and with the first day monthly installment due and payable upon execution of each calendar month thereafter during the Termthis Lease. If the Rent Commencement Date shall be a day other than the first day of a calendar month, (1A) the Annual Base Rent for the first Lease Year shall be an amount equal to the sum of (x) the amount of Monthly Base Rent for the partial month in which the Rent Commencement Date occurs, plus (y) the amount of the Annual Base Rent for the first Lease Year set forth in the rent chart Section 1d, above, and (2B) Monthly Base Rent for such partial month shall be the prorated amount of the Monthly Base Rent payable hereunder during the first Lease Year, which proration shall be based upon the actual number of days of such partial month. The prorated Monthly Base Rent for such partial month shall be payable on the first day of the calendar month after the month in which the Rent Commencement Date occurs. As used in this Lease, the term "Lease Year" means (A) with respect to the first Lease Year, the twelve (12) full calendar month period commencing on the Rent Commencement Date (plus the number of days in any partial first month if the Rent Commencement Date is not the first day of the month), except that if the Rent Commencement Date is a date earlier than May 1, 2012, then the first Lease Year shall commence on the Rent Commencement Date and shall expire on April 30, 2013, and (B) with respect to the second Lease Year and each subsequent Lease Year thereafter, each successive period of twelve (12) full calendar months following the expiration of the first Lease Year.

Annual Base Rent. (i) Commencing on the Rent Commencement Date, and thereafter during the Term, Tenant shall pay annual base rent in the amounts set forth immediately below (the "Annual Base Rent"), which amounts shall be payable in equal monthly installments (the "Monthly Base Rent") as set forth immediately below: LeaseYear Annual Base Rent Per Square Foot AnnualBase Rent MonthlyBase Rent [*on an annualized basis] All installments of Monthly Base Rent shall be payable in advance, on the Rent Commencement Date and the first day of each calendar month thereafter during the Term, provided, however, that the first installment of Monthly Base Rent shall be due and payable upon Tenant's execution of this Lease. If the Rent Commencement Date shall be a day other than the first day of a calendar month, (1) the Annual Base Rent for the first Lease Year shall be an amount equal to the sum of (x) the amount of Monthly Base Rent for the partial month in which the Rent Commencement Date occurs, plus (y) the amount of the Annual Base Rent for the first Lease Year set forth in the rent chart Section 1, above, and (2) Monthly Base Rent for such partial month shall be the prorated amount of the Monthly Base Rent payable hereunder during the first Lease Year, which proration shall be based upon the actual number of days of such partial month. The prorated Monthly Base Rent for such partial month shall be payable on the first day of the calendar month after the month in which the Rent Commencement Date occurs. As used in this Lease, the term "Lease Year" means (A) with respect to the first Lease Year, the each twelve (12) full calendar month 12)-month period commencing on the Rent Commencement Date (plus the number of days in any partial first month if the Rent Commencement Date is not the first day of the month)Date, except that if the Rent Commencement Date is does not occur on the first day of a date earlier than May 1calendar month, 2012, then the first Lease Year shall commence on the Rent Commencement Date and shall expire terminate on April 30, 2013the last day of the twelfth (12th) full calendar month following the Commencement Date, and (B) with respect to the second Lease Year and each subsequent Lease Year thereafter, each successive period of twelve (12) calendar months thereafter during the Term. (ii) Notwithstanding the terms of Section 4.a(i) above to the contrary, provided no Event of Default shall have occurred, Landlord hereby agrees to xxxxx one hundred percent (100%) of each installment of Monthly Base Rent and Tenant's Pass-Through Costs (hereinafter defined) payable by Tenant for the period (the "Abatement Period") comprising the first three (3) full calendar months of the Term; it being understood that, if the Commencement Date is a day other than the first day of a calendar month, then the Abatement Period shall commence on the first day of the calendar month immediately following the expiration calendar month in which the Commencement Date occurs and the Monthly Base Rent for the partial calendar month in which the Commencement Date occurs shall not be abated. On the day immediately following the last day of the first Lease YearAbatement Period, and thereafter throughout the Term, Tenant shall pay Landlord full Monthly Base Rent and Tenant's Pass-Through Costs in the amounts set forth in this Lease.

Annual Base Rent. Commencing on During the Initial Term Tenant agrees to pay Landlord annual base rent for the Premises (the "ANNUAL BASE RENT") at the rate of Two Million Seven Hundred Fifty Thousand and 00/100 Dollars ($2,750,000.00) per annum (the "INITIAL ANNUAL BASE RENT AMOUNT"). In addition to Annual Base Rent, Tenant agrees to pay as "ADDITIONAL RENT" (sometimes referred to as "ADDITIONAL RENT") all other charges payable by Tenant pursuant to the terms of this Lease. Annual Base Rent Commencement Date, and thereafter during the Term, together with all such additional rent is collectively referred to herein as "RENT". Tenant shall pay annual base rent in the amounts set forth immediately below (the "Annual Base Rent and, except as provided otherwise herein, Additional Rent"), which amounts shall be payable in equal monthly installments (the "Monthly Base Rent") as set forth immediately below: All installments of Monthly Base Rent shall be payable in advance, on the Rent Commencement Date and the first day of each calendar month thereafter during the Term(each such equal monthly installment of Annual Base Rent is referred to herein as "MONTHLY BASE RENT"). If for any reason the Rent Commencement Date shall be Initial Term (or any Option Period) commences or ends on a day other than the first day of a calendar monthmonth (other than a termination resulting from a Default), (1) the Annual Base then Rent for the first Lease Year month and for the last month of the Term shall be an amount equal to the sum of (x) the amount of Monthly Base Rent for the partial month in which the Rent Commencement Date occurs, plus (y) the amount of the Annual Base Rent for the first Lease Year set forth prorated in the rent chart above, and (2) Monthly Base Rent for such partial month shall be proportion that the prorated amount number of the Monthly Base Rent payable hereunder days during the first Lease Year, which proration shall be based upon and last months of the Term bears to the actual number of days of in such partial monthmonths. The prorated Monthly Base All Rent for such partial month shall be paid to Landlord, without prior demand or notice, in lawful money of the United States of America, at such place as Landlord may from time to time reasonably designate in writing and shall be due and payable on the first day of each month. Rent shall be paid to Landlord on the calendar month after the month in which the Rent Commencement Date occurs. As used date due without notice or demand, and without abatement, deduction or set-off except as otherwise expressly set forth in this Lease. No payment by Tenant or receipt by Landlord of a lesser amount than the Annual Base Rent or Additional Rent, the term "Lease Year" means (A) with respect to the first Lease Year, the twelve (12) full calendar month period commencing nor shall any endorsement or statement on the Rent Commencement Date (plus the number of days any check or in any partial first month if the letter accompanying any check or payment, as Annual Base Rent Commencement Date is not the first day of the month)or Additional Rent, except that if the Rent Commencement Date is a date earlier than May 1, 2012, then the first Lease Year shall commence on the Rent Commencement Date be deemed an accord and shall expire on April 30, 2013satisfaction, and (B) with respect Landlord may accept such check or payment without prejudice to Landlord's right to recover the second balance of such Annual Base Rent and Additional Rent or pursue any other remedy provided in this Lease Year and each subsequent Lease Year thereafter, each successive period of twelve (12) full calendar months following the expiration of the first Lease Yearor by law.

Annual Base Rent. Commencing on During the Initial Term Tenant agrees to pay Landlord annual base rent for the Premises (the "ANNUAL BASE Rent") at the rate of Three Million and 00/100 Dollars ($3,000,000.00) per annum (the "INITIAL ANNUAL BASE RENT Amount"). In addition to Annual Base Rent, Tenant agrees to pay as "ADDITIONAL RENT" (sometimes referred to as "ADDITIONAL RENT") all other charges payable by Tenant pursuant to the terms of this Lease. Annual Base Rent Commencement Date, and thereafter during the Term, together with all such additional rent is collectively referred to herein as "RENT". Tenant shall pay annual base rent in the amounts set forth immediately below (the "Annual Base Rent and, except as provided otherwise herein, Additional Rent"), which amounts shall be payable in equal monthly installments (the "Monthly Base Rent") as set forth immediately below: All installments of Monthly Base Rent shall be payable in advance, on the Rent Commencement Date and the first day of each calendar month thereafter during the Term(each such equal monthly installment of Annual Base Rent is referred to herein as "MONTHLY BASE RENT"). If for any reason the Rent Commencement Date shall be Initial Term (or any Option Period) commences or ends on a day other than the first day of a calendar monthmonth (other than a termination resulting from a Default), (1) the Annual Base then Rent for the first Lease Year month and for the last month of the Term shall be an amount equal to the sum of (x) the amount of Monthly Base Rent for the partial month in which the Rent Commencement Date occurs, plus (y) the amount of the Annual Base Rent for the first Lease Year set forth prorated in the rent chart above, and (2) Monthly Base Rent for such partial month shall be proportion that the prorated amount number of the Monthly Base Rent payable hereunder days during the first Lease Year, which proration shall be based upon and last months of the Term bears to the actual number of days of in such partial monthmonths. The prorated Monthly Base All Rent for such partial month shall be paid to Landlord, without prior demand or notice, in lawful money of the United States of America, at such place as Landlord may from time to time reasonably designate in writing and shall be due and payable on the first day of each month. Rent shall be paid to Landlord on the calendar month after the month in which the Rent Commencement Date occurs. As used date due without notice or demand, and without abatement, deduction or set-off except as otherwise expressly set forth in this Lease. No payment by Tenant or receipt by Landlord of a lesser amount than the Annual Base Rent or Additional Rent, the term "Lease Year" means (A) with respect to the first Lease Year, the twelve (12) full calendar month period commencing nor shall any endorsement or statement on the Rent Commencement Date (plus the number of days any check or in any partial first month if the letter accompanying any check or payment, as Annual Base Rent Commencement Date is not the first day of the month)or Additional Rent, except that if the Rent Commencement Date is a date earlier than May 1, 2012, then the first Lease Year shall commence on the Rent Commencement Date be deemed an accord and shall expire on April 30, 2013satisfaction, and (B) with respect Landlord may accept such check or payment without prejudice to Landlord's right to recover the second balance of such Annual Base Rent and Additional Rent or pursue any other remedy provided in this Lease Year and each subsequent Lease Year thereafter, each successive period of twelve (12) full calendar months following the expiration of the first Lease Yearor by law.

Annual Base Rent. Commencing on the Rent Commencement Date, and thereafter during the Term(i) During each Lease Year, Tenant shall pay the annual base rent in the amounts amount set forth immediately in Section 1.d hereof, subject, however, to annual adjustments thereto as set forth in Section 4.a(ii), below (the "Annual Base Rent"), which amounts . Annual Base Rent shall be payable in equal monthly installments (the "Monthly Base Rent") as set forth immediately below: in advance. (ii) Commencing on the first day of the second (2nd) Lease Year and on the first day of each Lease Year thereafter during the Term, Annual Base Rent shall be increased by an amount equal to three percent (3%) of the Annual Base Rent in effect during the immediately-preceding Lease Year. (iii) In addition to the payment of Annual Base Rent, Tenant shall be responsible for the payment of Tenant's Pro Rata Share (hereinafter defined) of increases in Operating Expenses (hereinafter defined) and Tenant's Pro Rata Share of increases in Real Estate Taxes (hereinafter defined) pursuant to Section 4.b hereof. (iv) All installments of Monthly Base Rent shall be payable in advance, on the Rent Commencement Date and with the first day installment thereof ("Monthly Base Rent") due and payable upon execution of each calendar month thereafter during the Termthis Lease. If the Rent Commencement Date shall be a day other than the first day of a calendar month, (1A) the Annual Base Rent for the first Lease Year shall be an amount equal to the sum of (x) the amount of Monthly Base Rent for the partial month in which the Rent Commencement Date occurs, plus (y) the amount of the Annual Base Rent for the first Lease Year set forth in the rent chart Section x.x, above, and (2B) Monthly Base Rent for such partial month shall be the prorated amount of the Monthly Base Rent payable hereunder during the first Lease Year, which proration shall be based upon the actual number of days of such partial month. The prorated Monthly Base Rent for such partial month shall be payable on the first day of the calendar month after the month in which the Rent Commencement Date occurs. As used in this Lease, the term "Lease Year" means (A) with respect to the first Lease Year, the twelve (12) full calendar month period commencing on the Rent Commencement Date (plus the number of days in any partial first month if the Rent Commencement Date is not the first day of the month), except that if the Rent Commencement Date is a date earlier than May 1, 2012, then the first Lease Year shall commence on the Rent Commencement Date and shall expire on April 30, 2013, and (B) with respect to the second Lease Year and each subsequent Lease Year thereafter, each successive period of twelve (12) full calendar months following the expiration of the first Lease Year.

Annual Base Rent. Commencing on For the year January 1, 2008, through December 31, 2008 $ 313,644.00 For the year January 1, 2009, through December 31, 2009 $ 316,788.00 Total Base Rent Commencement Datefor Additional Term $ 630,432.00 The Base Rent due under the Lease, and thereafter during the Termas amended hereby, Tenant shall pay annual base rent in the amounts set forth immediately below (the "Annual Base Rent"), which amounts shall be payable in equal monthly installments (the "Monthly Base Rent") as set forth immediately below: All installments of Monthly Base Rent shall be payable installments, in advance, without deduction or setoff, commencing on January 1, 2008, and continuing thereafter on the Rent Commencement Date and the first 1st day of each calendar and every month thereafter during the Additional Term. If The monthly installment payable during each year respectively of the Rent Commencement Date Additional Term shall be a day other than determined by dividing the first day of a calendar month, (1) the Annual annual Base Rent for the first Lease Year shall be an amount equal year in question as set forth above by twelve (12). Anything set forth herein to the sum of (x) contrary notwithstanding, this Amendment is for the entire Additional Term and the entire amount of Monthly Base Rent for the partial month in which entire Additional Term is due and payable hereunder (subject, however, to any earlier termination prior to the Rent Commencement Date occurs, plus (y) the amount end of the Annual Term pursuant to paragraph 4 of this Amendment), with the payment of Base Rent in monthly installments being solely an accommodation to the Tenant. Upon the occurrence of an Event of Default under the Lease, the entire unpaid balance of Base Rent for the first Lease Year set forth in the rent chart aboveentire Additional Term, and (2) Monthly Base all other Rent reserved under the Lease, as hereby amended, shall become immediately due and payable, without notice or demand, at Landlord’s option. In the event that Landlord collects the entire Rent payable under the Lease for such partial month shall be the prorated amount balance of the Monthly Base Additional Term from the Tenant after the occurrence of an Event of Default under the Lease, Landlord shall after receipt of written demand from Tenant delivered to Landlord not later than thirty (30) days after the end of the Additional Term (as if the lease was not earlier terminated), time being of the essence, promptly account to Tenant for any Rent payable hereunder collected by Landlord by reletting the Premises to other tenants during the first Lease Year, which proration shall be based upon period from Tenant’s surrender of or eviction from the actual number of days of such partial month. The prorated Monthly Base Rent for such partial month shall be payable on Premises to the first day end of the calendar month after Additional Term (as if the month lease was not earlier terminated), with Landlord to remit to Tenant such Rent collected in connection with reletting the Premises, less all expenses associated with such reletting, including any repairs and replacements to the Premises in connection therewith, except to the extent that the Rent realized by Landlord from such reletting exceeds Rent due under the Lease, as hereby amended, in which case the Rent Commencement Date occurs. As used in this Lease, the term "Lease Year" means (A) with respect to the first Lease Year, the twelve (12) full calendar month period commencing on the Rent Commencement Date (plus the number of days in any partial first month if the Rent Commencement Date is not the first day of the month), except that if the Rent Commencement Date is a date earlier than May 1, 2012, then the first Lease Year Landlord shall commence on the Rent Commencement Date and shall expire on April 30, 2013, and (B) with respect to the second Lease Year and each subsequent Lease Year thereafter, each successive period of twelve (12) full calendar months following the expiration of the first Lease Yearretain such excess.

Annual Base Rent. Commencing on During the Initial Term Tenant agrees to pay Landlord annual base rent for the Premises (the "ANNUAL BASE RENT") at the rate of Three Million and 00/100 Dollars ($3,000,000.00) per annum (the "INITIAL ANNUAL BASE RENT AMOUNT"). In addition to Annual Base Rent, Tenaxx agrees to pay as "ADDITIONAL RENT" (sometimes referred to as "ADDITIONAL RENT") all other charges payable by Tenant pursuant to the terms of this Lease. Annual Base Rent Commencement Date, and thereafter during the Term, together with all such additional rent is collectively referred to herein as "RENT". Tenant shall pay annual base rent in the amounts set forth immediately below (the "Annual Base Rent and, except as provided otherwise herein, Additional Rent"), which amounts shall be payable in equal monthly installments (the "Monthly Base Rent") as set forth immediately below: All installments of Monthly Base Rent shall be payable in advance, on the Rent Commencement Date and the first day of each calendar month thereafter during the Term(each such equal monthly installment of Annual Base Rent is referred to herein as "MONTHLY BASE RENT"). If for any reason the Rent Commencement Date shall be Initial Term (or any Option Period) commences or ends on a day other than the first day of a calendar monthmonth (other than a termination resulting from a Default), (1) the Annual Base then Rent for the first Lease Year month and for the last month of the Term shall be an amount equal to the sum of (x) the amount of Monthly Base Rent for the partial month in which the Rent Commencement Date occurs, plus (y) the amount of the Annual Base Rent for the first Lease Year set forth prorated in the rent chart above, and (2) Monthly Base Rent for such partial month shall be proportion that the prorated amount number of the Monthly Base Rent payable hereunder days during the first Lease Year, which proration shall be based upon and last months of the Term bears to the actual number of days of in such partial monthmonths. The prorated Monthly Base All Rent for such partial month shall be paid to Landlord, without prior demand or notice, in lawful money of the United States of America, at such place as Landlord may from time to time reasonably designate in writing and shall be due and payable on the first day of each month. Rent shall be paid to Landlord on the calendar month after the month in which the Rent Commencement Date occurs. As used date due without notice or demand, and without abatement, deduction or set-off except as otherwise expressly set forth in this Lease. No payment by Tenant or receipt by Landlord of a lesser amount than the Annual Base Rent or Additional Rent, the term "Lease Year" means (A) with respect to the first Lease Year, the twelve (12) full calendar month period commencing nor shall any endorsement or statement on the Rent Commencement Date (plus the number of days any check or in any partial first month if letter accompanying any check or payment, as Annual Base Rent or Additional Rent, be deemed an accord and satisfaction, and Landlord may accept such check or payment without prejudice to Landxxxx'x xight to recover the balance of such Annual Base Rent Commencement Date is and Additional Rent or pursue any other remedy provided in this Lease or by law. Cost Abatement Provided that Tenant shall not the first day then be in default of the monthany of Tenant's obligations under this Lease (following notice thereof), except that if Tenant shall be entitled to an aggregate credit of $1,000,000 to be applied against (i) the Rent Commencement Date is a date earlier than May 1monthly installments of Common Area Expenses or Operating Expenses (as hereinafter defined), 2012as applicable, then payable by Tenant in accordance with Section 7 hereof, (ii) the first Lease Year shall commence on the Rent Commencement Date and shall expire on April 30, 2013, installments of Taxes (as hereinafter defined) payable in accordance with Section 12 hereof and (Biii) the sums payable by Tenant in accordance with respect to Section 36 hereof for use of parking spaces located at the second Lease Year and each subsequent Lease Year thereafter, each successive period of twelve (12) full calendar months following the expiration of the first Lease YearDevelopment.