Common use of Annual Basic Rent Clause in Contracts

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. a. Tenant 4.1 Lessee agrees to pay Landlord Lessor as Annual Basic Rent for the Premises the Annual Basic Rent designated in Subparagraph l.k. Paragraph 1 (subject to adjustment as hereinafter provided) in twelve (12) equal monthly installments, each WITHOUT OFFSET, NOTICE OR DEMAND AND WITHOUT GRACE, in advance on the first day of each and every calendar month during the Termsaid term, except that the received at Lessor's office no later than said first day of each calendar month. The first month's Rent rent shall be paid upon the execution hereof. Landlord Rent payable for any period of less than one calendar month installment shall consider be a pro rata portion of the payment of Annual Basic Rent to be in arrears if it has not been received amount payable based on or before the fifth a thirty (5th30) day of each calendar month. In The first rental installment payment shall be the event sum of the Term first full month rental installment plus the pro rata portion of this the first partial month if Lease commences or ends on a Commencement is any day other than the first or last day of a calendar the 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 Lessee agrees to pay the amount of the Rental Adjustments rental adjustments as and when hereinafter provided in this Lease. Said All rental shall be paid to LandlordLessor, without any prior demand therefor therefore and without any and deduction or offset whatsoever whatsoever, in the lawful money of the United States of America, which shall be legal tender at the time of payment, at the address of Landlord Lessor designated in Subparagraph 1.b. Paragraph 1 or to such other person or at such other place as Landlord Lessor may from time to time designate in writing. Tenant Lessee agrees to pay as Additional Rent additional rent to LandlordLessor, upon demand, TenantLessee's percentage of any parking charges, utility utilities 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 Lessee hereunder, including, without limitation, payments for real property taxes, insurance and assessments, insurance, repairs, operation, management, or other adjustments or charges provided herein, shall be considered Additional Rent additional rent for the purposes of this the Lease, and the word "Rentrent" in this Lease shall include such Additional Rent additional rent unless the context specifically or clearly implies that only the Annual Basic Rent is referenced. 4.2 The Annual Basic Rent as set forth hereinabove shall be increased for each year ("Subsequent Year") of the term of this Lease following the first year if the Consumer Price Index for All Urban consumers (Seattle-Everett, Washington; Base: 1967-100) ("Index"), as published by the United States Department of Labor, Bureau of Labor Statistics, for the "Comparison Month" (described below) increases over the Index for the calendar month ("Base Month") which is four (4) months prior to the month in which the Effective Date hereof occurs. The Base Month Index shall be compared with the Index for the same calendar month for each Subsequent Year ("Comparison Month"). If the Index for any Comparison Month is higher than the Base Month Index, then the Annual Basic Rent for the Subsequent Year following the Comparison Month shall be calculated by dividing the Base Month Index into that number which represents the difference, if any, when subtracting the Base Month Index from the Index for any Comparison Month. In no event shall the Annual Basic Rent be less than that set forth in Paragraph 4.1 above. If the escalations are to be annualized but are not implemented each year, there shall be an imputed increase each year per the terms of the formula, subject to its stated maximum and minimum increase, which shall be the amount upon which the escalation for the next ensuing year shall be calculated. In way of illustration only, if the Effective Date occurs in August of 1981, then the Base Month Index would be that for April, 1981 (assume such index at 130) and that Index shall be compared with the Index for April, 1982 (assume such Index at 136). Because the Index for April, 1982 is four and six-tenths percent (4.6%) higher than the Index for April, 1981 based on the assumptions of 136 and 130, respectively, the Annual Basic Rent commencing in August of 1982 would be four and six- tenths percent (4.6%) higher than the Annual Basic Rent for the first twelve months of the Lease Term. Likewise the Index for April, 1983 would be compared with the Index for April, 1981. Should said Bureau discontinue the publication of the above Index or publish the same less frequently, or alter the same in some other manner, the Lessor shall adopt a substitute Index or substitute procedure which reasonably reflects and monitors consumer prices. In no event shall the annualized escalation exceed 7%, nor shall they be less than 3.5%.

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. 1(p) (subject to adjustment as hereinafter provided) in twelve (12) equal monthly installmentsinstallments ("Monthly Basic Rent"), each equal to the amount set forth in Subparagraph 1(p) as Monthly Basic Rent, and each in advance on the first day of each and every calendar month during the Termterm of this Lease, except provided, however, that if the Commencement Date occurs on any date other than the first month's day of a month then Monthly Basic Rent for the partial month during which the Commencement Date occurs shall be paid upon execution hereof. Landlord shall consider on 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 monthCommencement Date. In the event the Term term of this Lease commences or ends on a day other than the first or last day of a calendar month, then the Rent rental for such period periods 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 rental shall be paid at the commencement of such periodperiods. In addition to the said Annual Basic Rent, Tenant agrees to pay the amount of the Rental Adjustments rental adjustments as and when hereinafter provided in this Lease. Said Annual Basic Rent, any additional rent payable pursuant to the provisions of this Lease and any rental adjustments 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. 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 insurance, repairs and repairs, parking shall be considered Additional Rent additional rent for the purposes of this Lease, and the word "Rentrent" in this Lease shall include such Additional Rent additional rent unless the context specifically or clearly implies that only the Annual Basic Rent is referenced.

Annual Basic Rent. a. Tenant agrees to pay Landlord as Annual Basic Rent for throughout the Premises Lease Term the Annual Basic Rent designated set forth in Subparagraph l.kthe Basic Lease Information and Definitions, as the same may be increased pursuant to this Lease. (subject Tenant’s obligation to adjustment as hereinafter provided) pay rent shall begin on the Commencement Date and shall continue until all rent due for the Lease Term has been paid. The Annual Basic Rent shall be payable in twelve (12) equal monthly installmentsinstallments (“Monthly Basic Rent”) without prior demand therefor, each in advance on or before the first day of each and every calendar month during at the Term, except that address for Landlord designated in the first month's Rent shall be paid upon execution hereofBasic Lease Information and Definitions or to such other address as Landlord may from time to time designate in writing. Landlord shall consider If 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 Lease Term of this Lease commences or ends on a day other than the first or last day of a calendar month, then the Monthly Basic Rent for such period month shall be prorated in one thirtieth (1/30) of the proportion that then applicable Monthly Basic Rent multiplied by the number of days this Lease is in effect during such periods bears to thirty month. The parties hereto agree and understand that all charges (30), and such Rent shall be paid at the commencement of such period. In addition to the Annual other than Monthly 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, Excess Expenses (as defined in Article 4), parking fees and charges (including parking occupancy tax or similar tax) payable pursuant to Article 51, late charges, interest and any other charges, reimbursements or payments for real property taxes, insurance and repairs, to Landlord contemplated hereunder shall be considered additional rent (“Additional Rent Rent”) for the purposes of this Lease; the term “Rent” shall include the Monthly Basic Rent, plus any Additional Rent which Tenant shall become obligated to pay hereunder. All Rent shall be paid to Landlord in lawful and immediate United States Dollars in the word "Rent" form of check, drawn on a bank located in the State of California, or Monthly Basic Rent may be paid via automated debiting system (as provided below) as directed by Landlord, without any offset, abatement, deduction, notice or demand whatsoever, except as otherwise expressly set forth in this Lease shall include such Additional Rent unless Lease. As a material part of the context specifically or clearly implies that only the Annual consideration for this Lease, Tenant agrees to pay Landlord one full month of Monthly Basic Rent is referencedupon its execution hereof, which shall be applied against the initial Rent due under this Lease. All obligations of Tenant to pay Rent under this Lease for or attributable to the Lease Term shall survive the expiration or earlier termination of this Lease.