Base Annual Rental. Tenant agrees to pay to Landlord the Base Annual Rental for the original Term of this Lease without right of set-off or abatement (except as expressly permitted under this Lease).
Base Annual Rental. Notwithstanding the terms and provisions of Sections 1.06 and 4.02, upon the commencement of each Extension Term of this Lease, the Base Annual Rental shall be adjusted to an amount equal to the greater of (i) 95% of the fair market rent for the Properties for the first year of the Extension Term (the “Fair Market Rent”) or (ii) Base Annual Rental paid during the immediately preceding year increased in accordance with Section 4.02 of this Lease (the greater of (i) or (ii) being the “Initial Increased Rent”). The parties shall commence the process for determining Fair Market Rent upon Tenant’s delivery of Tenant’s Extension Notice with respect to such Extension Term. The foregoing shall in no way affect the Base Annual Rental adjustments under Sections 1.06 and 4.02 that are scheduled to occur on dates other than at the commencement of each Extension Term; provided, however, with respect to the Adjustment Date that occurs at the commencement of each Extension Term, the adjustment to the Initial Increased Rent shall be the only adjustment to Base Annual Rental.
Base Annual Rental. Commencing July 1, 1993 and thereafter during the Term, as extended by this Second Addendum, the Annual Base Rent shall be the amount of Forty-Nine Thousand Nine Hundred Twenty Two Dollars and Sixteen Cents ($49,922.16), payable by Tenant in equal consecutive Monthly Installments commencing July 1, 1993 and thereafter during the Term, in the amount of Four-Thousand One Hundred Sixty Dollars and Eighteen Cents ($4,160.18).
Base Annual Rental. One Million Six Hundred Thirty-Seven Thousand Five Hundred and 00/100 Dollars ($1,637,500.00) as described in Article IV, payable in monthly installments of One Hundred Thirty-Six Thousand Four Hundred Fifty-Eight and 33/100 Dollars ($136,458.33).
Base Annual Rental. $323,779.50 per year, as annually increased by the Rental Adjustment and payable as described in Article IV.
Base Annual Rental. This Seventh Amendment shall be executed and delivered simultaneously with the disbursement of the Current Disbursement, and Lessor and Lessee agree that commencing as of the date of this Seventh Amendment and continuing until the next Adjustment Date, the Base Annual Rental shall be $4,100,492.74.
Base Annual Rental. Beginning on the Commencement Date and payable in advance on the first day of each calendar month of the Lease Term thereafter, Tenant shall pay to Landlord, and Landlord shall accept, the Base Annual Rental as set forth in the Base Annual Rent Schedule attached as Exhibit "E" to this Lease, which Base Annual Rental shall be paid in equal monthly installments. The Base Annual Rental shall be paid by Tenant in lawful money of the United States at the address set forth in Section 34.10, or such other address as Landlord may advise Tenant in writing, without deduction, offset or prior notice or demand. Tenant has delivered to Landlord the first monthly installment of Base Annual Rental for the first month of the Lease Term hereof upon execution and delivery of this Lease. Notwithstanding the foregoing, if the actual Project Cost after completion of all Improvements (as those terms are defined in the Work Letter Agreement) is less than Fifteen Million and 00/100 Dollars ($15,000,000.00), Base Annual Rental shall be adjusted to equal the product of (i) actual Project Costs and (ii) ten and 50/100 percent (10.50%). The adjusted Base Annual Rental described in the immediately preceding sentence will be increased annually commencing on the first day of * Confidential treatment requested. Confidential portion has been omitted and filed separately with the Securities and Exchange Commission.
Base Annual Rental. Base Annual Rental (not including sales tax -- See Section 8). First Year: $59,500.00 annually, payable $4,958.33 per month, plus applicable sales tax. Second Year: $61,285.00 annually, payable $5,107.08 per month, plus applicable sales tax. Third Year: $63,123.55 annually, payable $5,260.30 per month, plus applicable sales tax. Fourth Year: $66,910.97 annually, payable $5,575.91 per month, plus applicable sales tax. Fifth Year: $68,918.30 annually, payable $5,743.19 per month, plus applicable sales tax.
Base Annual Rental. Lessee agrees to pay and Lessor agrees to accept a Base Annual Rental for each Lease Year (such being hereinafter referred to as "guaranteed minimum annual rental") as set out below: Lease Years Annual Rent Monthly Installment 1-5 $51,600.00 $4,300.00 6-10 $54,900.00 $4,575.00 11-15 $58,800.00 $4,900.00 16-20 $61,400.00 $5,116.67 The Base Annual Rental shall be payable in equal monthly installments in advance by the first day of each calendar month during the term of this Lease commencing on the Rental Commencement Date. If Rental Commencement Date or a lease termination (other than for Lessee's default) occurs on date other than the first day of a calendar month, the monthly installment of the Base Annual Rate for the month in which commencement or termination occurs shall be prorated on a daily basis. Notwithstanding the foregoing, upon the execution of this Lease, Lessee has deposited with Lessor $4,300.00 as security for the faithful performance and observance by Lessee of the terms, provisions, agreements, covenants and conditions of this Lease and shall be considered an advance payment of the first months rent of the initial term, to be applied as such.
Base Annual Rental. The Tenant shall pay to Landlord, in lawful money of the United States, a base annual Rental of Two Hundred Seventy Thousand and 00/100 ($270,000.00) Dollars, payable in equal monthly installments of Twenty-two Thousand Five Hundred and 00/100 ($22,500.00) Dollars each, without abatement, deduction, claim, offset, and without prior notice or demand, on the first day of each and every month, in advance. In addition, Tenant shall be obligated to pay as Additional Rent, Real Estate Taxes, repairs and maintenance charges, Outside Area expenses, insurance premiums and such other items as provided herein as Additional Rent, increases in Rent and Interest Rate Adjustment.
