Annual Basic Rent. (a) Tenant agrees to pay Landlord the Annual Basic Rent for the Premises shown in Item 6 of the Basic Lease Provisions, payable in advance on the first day of each calendar month during the Term. If the term of this Lease commences or ends on a day other than the first day of a calendar month, then the Rental for such period shall be prorated in the proportion that the number of days this Lease is in effect during such period bears to thirty (30). In addition to the Annual Basic Rent, Tenant agrees to pay as additional Rental the amount of Rental adjustments and other charges required by this Lease. All Rental shall be paid to Landlord, without prior demand and without any deduction or offset, in lawful money of the United States of America, at the address of Landlord designated in the Basic Lease Provisions or to such other person or at such other place as Landlord may from time to time designate in writing. No demand, notice or invoice shall be required.
(b) The Rental payable by Tenant shall be increased for each year of the term of this Lease by adjusting the Annual Basic Rent reserved in Section 3(a) to reflect any increase in the cost of living, which adjustment shall be determined as follows: On each Adjustment Date the most recently published Index figure shall be determined (the "Comparison Index"). The monthly Rental payable for the succeeding year of the Lease Term shall be the Annual Basic Rent reserved under Section 3(a) increased by the same percentage, if any, by which the Comparison Index figure shall have increased over the Consumer Price Index figure for the month which is the most recently published prior to the Commencement Date; provided, however, that the increase in Annual Basic Rent shall in no event be less than two percent (2%) per annum nor more than six percent (6%) per annum (pro-rated as required to account for any partial year between the Commencement Date and the Adjustment Date).
(c) Tenant hereby acknowledges that the late payment by Tenant to Landlord of Rental and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs may include, but are not limited to, administrative, processing and accounting charges, and late charges which may be imposed on Landlord by the terms of any mortgage or trust deed covering the Building. Accordingly, if any installment of Rental or any other sum due from Tenant shall not be re...
Annual Basic Rent. Tenant shall pay to Landlord during each Rental Year of the Term fixed rent equal to the Annual Basic Rent as set forth in Section 1.B.(1). Annual Basic Rent shall be payable in advance on the first day of each month of the Term in equal monthly installments, without notice, demand, abatement (except as otherwise specifically provided in this Lease), deduction or set-off. If the Term of this Lease shall commence on a day other than the first day of a month, the first payment shall include any prorated Annual Basic Rent for the period from the Lease Commencement Date to the first day of the first full calendar month of the Term.
Annual Basic Rent. I.B Bankruptcy Code ............................................ 19.1 Building ................................................... 1.A.
Annual Basic Rent a. Tenant agrees to pay Landlord as Annual Basic Rent for the Premises the Annual Basic Rent designated in Subparagraph l.k. (subject to adjustment as hereinafter provided) in twelve (12) equal monthly installments, each in advance on the first day of each and every calendar month during the Term, except that the first month's Rent shall be paid upon execution hereof. Landlord shall consider the payment of Annual Basic Rent to be in arrears if it has not been received on or before the fifth (5th) day of each month. In the event the Term of this Lease commences or ends on a day other than the first or last day of a calendar month, then the Rent for such period shall be prorated in the proportion that the number of days this Lease is in effect during such periods bears to thirty (30), and such Rent shall be paid at the commencement of such period. In addition to the Annual Basic Rent, Tenant agrees to pay the amount of the Rental Adjustments as and when hereinafter provided in this Lease. Said rental shall be paid to Landlord, without any prior demand therefor and without any deduction or offset whatsoever in lawful money of the United States of America, which shall be legal tender at the time of payment, at the address of Landlord designated in Subparagraph 1.b. or to such other person or at such other place as Landlord may from time to time designate in writing. Tenant agrees to pay as Additional Rent to Landlord, upon demand, Tenant's percentage of any parking charges, utility surcharges, or any other costs levied, assessed or imposed by, or at the direction of, or resulting from statutes or regulations, or interpretations hereof, promulgated by any federal, state, regional, municipal or local governmental authority in connection with the use or occupancy of the Building or the Premises or the parking facilities serving the Building or the Premises. Further, all charges to be paid by Tenant hereunder, including, without limitation, payments for real property taxes, insurance and repairs, shall be considered Additional Rent for the purposes of this Lease, and the word "Rent" in this Lease shall include such Additional Rent unless the context specifically or clearly implies that only the Annual Basic Rent is referenced.
Annual Basic Rent. See Rider No.
1. Annual Basic Rent is payable in monthly installments ("Monthly Basic Rent"). The Annual Basic Rent is subject to adjustment as provided in Exhibit "C".
Annual Basic Rent of the Lease entitled "Annual Basic Rent" is hereby deleted and replaced with the following:
Annual Basic Rent. Effective May 6, 1997, Section 1.1 of the Lease shall be amended by deleting the defined term "ANNUAL BASIC RENT" and substituting therefor the following: "ANNUAL BASIC RENT: TIME PERIOD ANNUAL RATE CALCULATION ----------- ----------- ----------- June 12, 1995 through August 31, 1995.................... $ 293,019.65 $17.05 X 13,223 rsf+ $ 9.10 X 7,425 rsf September 1, 1995 through December 11, 1995.............. $ 327,909.65 $17.05 X 13,223 rsf+ $ 9.10 X 7,425 rsf+ $15.00 X 2,326 rsf December 12, 1995 through May 20, 1996................... $ 386,938.40 $17.05 X 20,648 rsf+ $15.00 X 2,326 rsf May 21, 1996 through June 2, 1996........................ $ 861,938.40 $17.05 X 20,648 rsf+ $15.00 X 2,326 rsf+ $19.00 X 25,000 rsf June 3, 1996 through May 5, 1997......................... $ 914,018.40 $17.05 X 20,648 rsf+ $15.00 X 5,798 rsf+ $19.00 X 25,000 rsf May 6, 1997 through June 11, 1997........................ $1,170,268.40 $17.05 X 20,648 rsf+ $15.00 X 5,798 rsf+ $20.50 X 12,500 rsf+ $19.00 X 25,000 rsf June 12, 1997 through June 30, 1997...................... $1,181,005.36 $17.57 X 20,648 rsf+ $15.00 X 5,798 rsf+ $20.50 X 12,500 rsf+ $19.00 X 25,000 rsf July 1, 1997 through June 11, 1999....................... $1,195,906.22 $17.57 X 26,446 rsf+ $20.50 X 12,500 rsf+ $19.00 X 25,000 rsf June 12, 1999 through January 31, 2001................... $1,207,013.54 $17.99 X 26,446 rsf+ $20.50 X 12,500 rsf+ $19.00 X 25,000 rsf February 1, 2001 through June 8, 2001.................... $ 731,250.00 $20.50 X 12,500 rsf+ $19.00 X 25,000 rsf June 9, 2001 through May 5, 2002......................... $ 256,250.00 $20.50 X 12,500 rsf"
Annual Basic Rent. Effective upon the Commencement Date, and for the ----------------- months of the Extended Term thereafter through the Lease expiration date of July 31, 1997, Tenant shall pay to Landlord Annual Basic Rent for the Premises in the amount set forth below: Term Rate/Amount ---- ----------- 8/01/93 - 7/31/94 $1.447 per rentable sq.ft. per month, $6,130.94 per month, $73,571.29 per annum; 8/01/94 - 7/31/95 $1.497 per rentable sq.ft. per month, $6,342.74 per month, $76,112.89 per annum; 8/01/95 - 7/31/96 $1.547 per rentable sq.ft. per month, $6,554.54 per month, $78,654.49 per annum; Annual Basic Rent shall be paid by Tenant to Landlord in accordance with Paragraph 3 of the Lease.
Annual Basic Rent a. Upon commencement of the Term, Tenant agrees to pay the Annual Basic Rent to Landlord in equal monthly installments, as set forth in Article 1 above. In the event the Term commences or ends on a day other than the first or last day of a calendar month respectively, then the Annual Basic Rent for such periods shall be prorated. In addition to said Annual Basic Rent, Tenant agrees to pay (i) on a monthly basis all governmental taxes or impositions which are due and payable by Landlord on account of, attributed to, or measured by Annual Basic Rental or other additional charges payable by Tenant except general income, transfer, estate and inheritance taxes, and (ii) Tenant’s Pro Rata Share of the Operating Expense Adjustments, as that term is defined below. Said Annual Basic Rent, taxes and Operating Expenses shall be paid without demand, proration, deduction or offset, in lawful money of the United States at the time of payment, at the office of Landlord or to such other person or at such other place as Landlord may from time to time designate in writing. Tenant shall pay as additional rent to Landlord, upon demand, Tenant’s Pro Rata Share of any parking charges, utilities surcharges, or any other costs levied, assessed or imposed by, or at the direction of, or resulting from statutes or regulations, or interpretations thereof, promulgated by any governmental authority in connection with the use or occupancy of the Project.
