Common use of Base Monthly Rent Clause in Contracts

Base Monthly Rent. 4.01 The Base Monthly Rent for the first month of the Lease Term plus the Additional Rent is due and payable upon execution of this Lease; thereafter, it shall be due on the first day of each calendar month of the Lease Term. Lessee will pay, without deduction or offset, prior notice or demand, Base Monthly Rent plus the Additional Rent at the place designated by Lessor from time to time. In the event that the Term of this Lease commences or ends on a day other than the first day of a calendar month, the Base Monthly Rent and Additional Rent shall be prorated using a thirty (30) day month. 4.02 Any installment of rent or any other charge payable by Lessee which is not paid within ten (10) days after it becomes due will bear a late charge equal to ten percent (10%) of such installment or the sum of twenty-five dollars ($25.00) whichever is greater, and in addition, interest on said delinquent payment at the rate of ten percent (10%) per annum for the period such item of rent remains unpaid. A twenty-five dollar ($25.00) handling charge will be paid by Lessee to Lessor for each returned check and, thereafter, Lessee will pay all future payments of rent by money order or cashiers check. 4.03 On April 1, 2005, and on each April 1 thereafter during the Lease Term, including any extensions or renewals thereof, the Base Monthly Rent payable by Lessee for each month during the ensuing twelve (12) month period (or such shorter period as may be determined by reason of any earlier expiration or termination of the Lease Term) shall be increased to an amount determined by multiplying the amount of the Base Monthly Rent plus the four additional fees in effect for the last month prior to the date of such adjustment by 110%.

Base Monthly Rent. 4.01 The Base Monthly Rent for Subject to Sections 2.5 and 3.3 hereof, from and after the first month of the Lease Term plus the Additional Rent is due and payable upon execution of this Lease; thereafterCommencement Date, it Tenant shall be due pay to Landlord in advance, on the first day of each and every calendar month of during the Lease Term, the Base Monthly Rent. Lessee will paySubject to Sections 2.5 and 3.3 hereof, without deduction or offset, prior notice or demandcommencing as of the first (1st) anniversary of the Commencement Date and continuing on every subsequent anniversary of the Commencement Date, Base Monthly Rent plus shall be increased in accordance with the Additional following schedule: Lease Year Base Monthly Rent Base Annual Rent ---------- ----------------- ---------------- 2 $34,772.50 $417,270.00 3 $37,256.25 $447,075.00 4 $38,249.75 $458,997.00 5 $39,243.25 $470,919.00 The Base Monthly Rent for any fraction of a month at the place designated by Lessor from time to timebeginning of the Lease Term will be prorated and paid within three (3) days of the Commencement Date. In the event that the Term Payment of this Lease commences or ends on a day other than the first day of a calendar month, the Base Monthly Rent, Additional Rent and Additional all other charges deemed to be Rent under this Lease shall be without prior notice, deduction, offset or demand, shall be in lawful money of the United States of America and shall be made at the address set forth for Landlord in the Basic Terms or at such other place as Landlord may direct. Base Monthly Rent payable for any period of less than one (1) month shall be prorated using based upon a thirty (30) day month. 4.02 Any installment . Tenant shall pay to Landlord as prepaid Base Monthly Rent, upon Landlord's acquisition of rent or any other charge payable by Lessee the Project (in addition to the security deposit required), the amount specified in the Basic Terms, which is not paid within ten (10) days after it becomes due will bear a late charge equal sum shall be applied to ten percent (10%) the first calendar month of such installment or the sum of twenty-five dollars ($25.00) whichever is greater, and in addition, interest on said delinquent payment at the rate of ten percent (10%) per annum for the period such item of rent remains unpaid. A twenty-five dollar ($25.00) handling charge will be paid by Lessee to Lessor for each returned check and, thereafter, Lessee will pay all future payments of rent by money order or cashiers check. 4.03 On April 1, 2005, and on each April 1 thereafter during the Lease Term, including any extensions or renewals thereof, the Term for which payment of Base Monthly Rent payable by Lessee for each month during is due. Notwithstanding the ensuing twelve provisions of this Section 4.1, (12a) month period (or such shorter period as may be determined by reason of any earlier expiration or termination in the event the area of the Lease Term) shall be increased Premises has not been reduced pursuant to an amount determined by multiplying the amount terms of the Section 2.5 of this Lease, Base Monthly Rent plus the four additional fees in effect shall be waived for the last month prior East Wing until the later to occur of (i) Substantial Completion of the date East Wing 12/18/94 Landlord Initials /s/ ----- Tenant Initials /s/ ----- 11 34 or (ii) December 1, 1995 and (b) Base Monthly Rate shall be waived for the Second Phase of such adjustment by 110%the West Wing until the later to occur of (i) Substantial Completion of the Second Phase or (ii) July 1, 1995.

Base Monthly Rent. 4.01 The term (“Lease Term”) shall be for one hundred forty four (144) months, commencing on substantial completion of construction as finally determined pursuant to Section 5.G (the “Commencement Date”) estimated to occur on August 1, 2001, and ending one hundred forty four (144) months thereafter, (“Expiration Date”). Notwithstanding the foregoing, Tenant shall have the right to accelerate the commencement of construction of the Building by giving notice to Landlord that Tenant wishes Landlord to commence construction of the Building (the “Acceleration Notice”) no later than thirteen (13) months prior to the desired Commencement Date. Notwithstanding the fact that the Lease Term begins on the Commencement Date, this Lease and all of the obligations of Landlord and Tenant shall be binding and in full force and effect from and after the Effective Date except for those obligations which begin on the Commencement Date. In addition to all other sums payable by Tenant under this Lease, Tenant shall pay as base monthly rent (“Base Monthly Rent”) for the Premises the amount of Three Hundred Thirty Four Thousand Three Hundred Fifty Five Dollars ($334,355.00). Base Monthly Rent for the first month and Tenant’s payment of the Lease Term plus the Additional Rent is due operating expenses and payable upon execution of this Lease; thereafter, it taxes pursuant to Section 8 shall be due payable beginning on the Commencement Date in advance on or before the first day of each calendar month of during the Lease Term. Lessee will payAll sums payable by Tenant under this Lease shall be paid to Landlord in lawful money of the United States of America, without offset or deduction or offset, and without prior notice or demand, Base Monthly Rent plus the Additional Rent at the place designated by Lessor from time to time. In the event that the Term address specified in Section 1 of this Lease commences or ends on a day other than the first day of a calendar month, the Base Monthly Rent and Additional Rent shall at such place or places as may be prorated using a thirty (30) day month. 4.02 Any installment of rent or any other charge payable designated in writing by Lessee which is not paid within ten (10) days after it becomes due will bear a late charge equal to ten percent (10%) of such installment or the sum of twenty-five dollars ($25.00) whichever is greater, and in addition, interest on said delinquent payment at the rate of ten percent (10%) per annum for the period such item of rent remains unpaid. A twenty-five dollar ($25.00) handling charge will be paid by Lessee to Lessor for each returned check and, thereafter, Lessee will pay all future payments of rent by money order or cashiers check. 4.03 On April 1, 2005, and on each April 1 thereafter Landlord during the Lease Term, including any extensions or renewals thereof, the . Base Monthly Rent payable by Lessee for each any period less than a calendar month during the ensuing twelve (12) month period (or such shorter period as may shall be determined by reason of any earlier expiration or termination a pro rata portion of the Lease Term) shall be increased to an amount determined by multiplying the amount of the Base Monthly Rent plus the four additional fees in effect for the last month prior to the date of such adjustment by 110%monthly installment.

Base Monthly Rent. 4.01 The Base Monthly Rent for Commencing sixty (60) days following the first month of the Lease Term plus the Additional Rent is due ----------------- Commencement Date and payable upon execution of this Lease; thereafter, it shall be due on the first day of each calendar month of continuing throughout the Lease Term. Lessee will pay, without deduction or offset, prior notice or demand, Tenant shall pay to Landlord a monthly rent (which rent is referred to as the "Base Monthly Rent plus Rent"), in accordance with the Additional Rent at following: A. Commencing sixty (60) days following the place designated by Lessor from time to time. In Commencement Date and continuing until the event that fifth (5th) anniversary of the Term of this Lease commences or ends on a day other than the first day of a calendar monthCommencement Date, the Base Monthly Rent shall be Ninety-Two Cents ($.92) per square foot per month of rentable square feet (reasonably determined in accordance with BOMA standards) within the Building constructed on the Premises (which sum is referred to herein as the "Initial Base Monthly Rent"): B. Commencing on the fourth (4th) anniversary of the Commencement Date, and Additional again on the seventh (7th), eleventh (11th) and fourteenth (14th) anniversaries of such dates (each such day being referred to as the "Rent Adjustment Date"), the Base Monthly Rent shall be prorated using a thirty adjusted to equal the product of the Base Monthly Rent in effect for the calendar month immediately preceding the Rent Adjustment Date in question plus the Consumer Price Index (30or "CPI") day month. 4.02 Any installment increase for each anniversary of rent or the Lease for the period from the Commencement Date to the first Rent Adjustment Date, in the case of the first Rental Adjustment and thereafter, the immediately preceding period between Rent Adjustment Dates; provided, however, that any other charge payable by Lessee which is such increase in Base Monthly Rent shall not paid within ten be greater than two and one-half percent (102.5%) days after it becomes due will bear a late charge equal to in any year. Thus, the CPI increase for any Rent Adjustment Date shall not exceed in the aggregate ten percent (10%) of such installment or the sum of twenty-five dollars ($25.00) whichever is greater, and in addition, interest on said delinquent payment at the rate of ten percent (10%) per annum for the period such item of rent remains unpaid). A twenty-five dollar ($25.00) handling charge will be paid by Lessee to Lessor for each returned check and, thereafter, Lessee will pay all future payments of rent by money order or cashiers checkThis Paragraph shall not apply during any Option Term. 4.03 On April 1C. By way of example only, 2005assuming (i) the rentable square footage of the Building is 55,000 square feet, and on each April 1 thereafter during (ii) the Lease Term, including any extensions or renewals thereof, the initial Base Monthly Rent payable by Lessee for each month during is Fifty Thousand, Six Hundred Dollars ($50,600) (55,000 x $.92) and (iii) the ensuing twelve (12) month period actual increases in the Consumer Price Index (or such shorter period as may be determined by reason of any earlier expiration or termination "CPI") for the first (1st), second (2nd), third (3rd) and fourth (4th) anniversaries of the Lease TermTerm are one percent (1%), two percent (2%), two percent (2%) shall be increased to an and twenty percent (20%), respectively, the first (1st) rental adjustment or increase would equal $3,795, ------ which amount determined by multiplying the amount of the is calculated as follows: (I) FIRST (1ST) ANNIVERSARY INCREASE OF $506 ($50,600 (first (1st) year's ---- Base Monthly Rent plus the four additional fees in effect Rent) x .01 CPI increase = $506 CPI increase for the last month prior to first (1st) anniversary), plus (II) SECOND (2ND) ANNIVERSARY INCREASE OF $1,012 ($50,600 (second (2nd) ------ year Base Monthly Rent) x .02 CPI increase = $1,012 CPI increase for the date second (2nd) anniversary), plus (III) THE THIRD (3RD) ANNIVERSARY INCREASE OF $1,012 ($50,600 (third (3rd) ------ year Base Monthly Rent) x .02 CPI increase = $1,012 CPI increase for the third (3rd) anniversary), plus (IV) THE FOURTH (4TH) ANNIVERSARY INCREASE OF $1,265 ($50,600 (fourth (4th) ------ year Base Monthly Rent) x .025 CPI increase (CPI increase cannot exceed 2.5% for any year, regardless of such adjustment by 110%.actual CPI increase) = $1,265 CPI increase for the fourth (4th) anniversary), which

Base Monthly Rent. 4.01 Tenant shall pay to Landlord as base monthly rent (“Base Monthly Rent”) the sum of Nine Hundred Thirty-four Thousand Three Hundred Eighty-five and 42/100 Dollars ($934,385.42) during the Initial Term of this Lease (including any partial month following the Commencement Date hereof). As reflected on the Base Monthly Rent Schedule attached as Exhibit B hereto, Base Monthly Rent shall increase by two and 00/100 percent (2.00%) of the preceding year’s Base Monthly Rent on the anniversary of the Commencement Date hereof, or if the Commencement Date does not fall on the first day of a calendar month, then on the first day of the calendar month immediately following the anniversary thereof (the “Rental Increase Date”), and on each anniversary of the Rental Increase Date thereafter during the Initial Term. Notwithstanding anything contained in this Lease to the contrary, in no event shall the rental to be paid by Tenant hereunder ever be less than the amount payable by Tenant as Base Monthly Rent. Base Monthly Rent shall be payable by Tenant to Landlord in advance in equal monthly installments commencing upon the Commencement Date and on or before the first day of each calendar month thereafter, without prior notice, invoice, demand, deduction, or offset whatsoever; provided, however, if the first day of a calendar month falls on a day which is a Saturday, Sunday, or a day which is, in the city and state in which Tenant is located, either a legal holiday or a day on which banking institutions are authorized by law to remain closed for the entire day, then Base Monthly Rent shall be payable on the first business day of the calendar month. Landlord shall have the right to accept all rent and other payments, whether full or partial, and to negotiate checks and payments thereof without any waiver of rights, irrespective of any conditions to the contrary sought to be imposed by Xxxxxx. Base Monthly Rent may be paid either via electronic transfer of funds (i.e., via either wire transfer, or EFT transfer), or at Landlord’s option (upon thirty (30) days advance written notice to Tenant), by check paid to Landlord at either the address to which notices to Landlord are given, or to such other address as Landlord may designate in writing from time to time. Base Monthly Rent for any partial month shall be prorated based upon the actual number of days in the month subject to proration. The Landlord acknowledges having received, upon the execution of this Lease, the Base Monthly Rent for the first month of the Lease Initial Term plus in the Additional Rent is due amount of Fourteen Thousand Nine Hundred Sixty-two and payable upon execution of this Lease; thereafter, it shall be due on the first day of each calendar month of the Lease Term. Lessee will pay, without deduction or offset, prior notice or demand, Base Monthly Rent plus the Additional Rent at the place designated by Lessor from time to time. In the event that the Term of this Lease commences or ends on a day other than the first day of a calendar month, 50/100 Dollars ($14,962.50) and the Base Monthly Rent and Additional Rent shall be prorated using a thirty (30) day month. 4.02 Any installment of rent or any other charge payable by Lessee which is not paid within ten (10) days after it becomes due will bear a late charge equal to ten percent (10%) of such installment or the sum of twenty-five dollars ($25.00) whichever is greater, and in addition, interest on said delinquent payment at the rate of ten percent (10%) per annum for the period such item of rent remains unpaid. A twenty-five dollar ($25.00) handling charge will be paid by Lessee to Lessor for each returned check and, thereafter, Lessee will pay all future payments of rent by money order or cashiers check. 4.03 On April 1, 2005, and on each April 1 thereafter during the Lease Term, including any extensions or renewals thereof, the Base Monthly Rent payable by Lessee for each final month during the ensuing twelve (12) month period (or such shorter period as may be determined by reason of any earlier expiration or termination of the Lease Term) shall be increased to an amount determined by multiplying Initial Term in the amount of the Base Monthly Rent plus the four additional fees in effect for the last month prior to the date of such adjustment by 110%Sixteen Thousand One Hundred Ninety-five and 89/100 Dollars ($16,195.89).