BASE RENT DURING EXTENSION TERM. Commencing on July 1, 2020 and continuing through the last day of the Extension Term, Base Rent shall be payable as follows: Period Base Rent/RSF NNN Annual Base Rent Monthly Base Rent Extension Term $12.00/RSF NNN $60,432.00 $5,032.00
BASE RENT DURING EXTENSION TERM. Commencing on the Extension Term Commencement Date and, subject to the provisions of Section 3 above, continuing through the last day of the Extension Term, Base Rent shall be payable as follows: Extension Term $ 12.00/RSF NNN $ 51,000.00 $ 4,250.00
BASE RENT DURING EXTENSION TERM. Tenant shall pay Base Rent with respect to the Premises during the Extension Term as follows:
(a) During the period of April 1, 1999, through March 31, 2001, Base Rent shall be due in the annual amount of $80,285.43 and shall be payable, in advance, in monthly installments equal to $6,690.45.
(b) During the period of April 1, 2001, through March 31, 2002, Base Rent shall be due in the annual amount of $83,013.00 and shall be payable, in advance, in monthly installments equal to $6,917.
BASE RENT DURING EXTENSION TERM. Commencing on the Extension Term Commencement Date and, subject to the provisions of Section 3 above, continuing through the last day of the extension term, Base Rent shall be payable as follows:
BASE RENT DURING EXTENSION TERM. Unless and until modified herein, the rental obligation of Tenant under the Lease shall be and remain governed by the terms of the Lease in effect as of the Effective Date hereof. Effective upon the commencement of the Extension Term, Tenant’s obligation for the payment of rent shall be modified as set forth below.
BASE RENT DURING EXTENSION TERM. Effective as of the commencement of the Extension Term, the Base Rent, as defined in Section 1(i) of the Lease Agreement, applicable during the Extension Term shall be calculated as set forth below:
BASE RENT DURING EXTENSION TERM. The following schedule of Base Rent is hereby added to Section 1.8 of the Lease: July 1, 2007 - June 30, 2008: Monthly Base Rent of $6,552 ($2.40 per sq ft. per month). July 1, 2008 - June 30, 2009: Monthly Base Rent of $6,749 (approximately $2.47 per sq ft. per month). July 1, 2009 - June 30, 2010: Monthly Base Rent of $6,951 (approximately $2.55 per sq ft. per month). July 1, 2010 - June 30, 2011: Monthly Base Rent of $7,160 (approximately $2.62 per sq ft. per month). July 1, 2011 - June 30, 2012: Monthly Base Rent of $7,374 (approximately $2.70 per sq ft. per month).
BASE RENT DURING EXTENSION TERM. The Base Rent payable by Tenant to Landlord during the Extension Term shall be the greater of:
(i) the Base Rent in effect on the expiration of the Lease Term;, and
(ii) ninety-five (95%) percent of the Fair Market Rent, as defined and determined pursuant to Paragraphs (c), (d), and (e) below. In addition to its obligation to pay Base Rent during the Extension Term Tenant shall continue to pay and reimburse Landlord as set forth in the Lease with respect to such operating expenses and other items with respect to the Premises. The arbitration process described below shall be limited to the determination of the Base Rent and shall not affect or otherwise reduce or modify the Tenant’s obligation to pay or reimburse Landlord for such operating expenses and other reimbursable items. The arbitration process described below shall be limited to the determination of the Base Rent and shall not affect or otherwise reduce or modify the Tenant’s obligation to pay or reimburse Landlord for such operating expenses and other reimbursable items.
BASE RENT DURING EXTENSION TERM. Base Rent during the Extension Term shall be Market Rent, as defined in Rider No. 1, to be determined in accordance with the Rider No. 1.
BASE RENT DURING EXTENSION TERM. The Base Rent during the Extension Term ("Extension Term Base Rent") shall be an amount equal to the greater of (i) ninety five percent (95%) of the then fair market rental value of the Demised Promises ("Fair Market Rental Value"), as stated on a monthly basis and determined pursuant to this Section 3.2 as of the first (1st) day of the applicable Extension Term, or (ii) the Base Rent during the last month of the Initial Term (or the prior Extension Term as may be applicable), plus an amount sufficient for Tenant to fully amortize, over the Extension Term, in equal monthly installments, the amount of the Retrofit Allowance actually used by Tenant, plus interest on that amount at the annual rate of ten percent (10%). Upon receipt by Landlord of Tenant's Extension Notice under Section 1.2, above, Landlord and Tenant shall meet in an effort to negotiate, in good faith, the Extension Term Base Rent which shall become effective as of the first day of the Extension Term ("Extension Term Commencement Date"). The Extension Term Base Rent shall be increased to an amount equal to 1.06 times the then applicable Extension Term Base Rent, as may have been previously adjusted pursuant to this Section 3.2, every twenty-four (24) months during the Extension Term. If Landlord and Tenant have not agreed upon the Extension Term Base Rent within thirty (30) days after the delivery of Tenant's Extension Notice, the Extension Term Base Rent shall be determined as follows:
(a) Landlord and Tenant shall attempt to agree in good faith upon a single appraiser not later than thirty (30) days after delivery of Tenant's
