Base Rent During Initial Term. The Base Rent payable during the Initial Term shall be one dollar ($1.00) for each Lease Year.
Base Rent During Initial Term. During the first Lease Year of the Initial Term, Tenant shall pay Base Rent in an annualized amount of One Hundred Twenty and 00/100 ($120,000.00) Dollars, payable in equal monthly installments of Ten Thousand and 00/100 ($10,000.00) Dollars on the first (1st) day of each and every month commencing on the Commencement Date. Base Rent for each successive Lease Year during the Initial Term shall be increased by three percent (3.0%) over the immediately preceding Lease Year. On execution hereof, Tenant shall pay to Landlord an amount equal to one (1) monthly installment of Base Rent in the amount of $10,000.00. If the Commencement Date shall be any day other than the first day of a calendar month, the Base Rent for the period between the Commencement Date and the first day of the first full calendar month of the Term shall be pro-rated on a per diem basis and Landlord shall credit any excess amount paid pursuant to this Section 5A toward the payment of the Base Rent for the next succeeding calendar month in which a payment of Base Rent is due. Except for costs or expenses specifically set out in this Lease as being the obligation of Tenant, this is a “gross lease”. Landlord agrees to pay, without reimbursement from Tenant, prior to delinquency, real estate taxes, insurance and assessments of any kind or nature levied upon the Building or the real estate or both, during the Term, as and when the same become due and payable. Regarding utilities serving the Demised Premises, the parties shall comply with the procedures set out in Section 20 of this Lease and the Tenant shall pay for all such separately metered utilities exclusively serving the Demised Premises.
Base Rent During Initial Term. Tenant will pay to Landlord base rent under this Lease (the “Base Rent”) on the first day of each month during the Term of this Lease, prorated for any partial month, in the initial amount of $9,100 per month. The Base Rent will be increased after the first 60 months of the Initial Term by 12%. If Tenant exercises its right for the Extended Term, Base Rent will be increased to the then Fair Market Rent as determined in accordance with Section 2.3.
Base Rent During Initial Term. On the first day of each calendar month during the Lease Term, Tenant shall pay to Landlord (as provided in the last sentence of this Paragraph 3.1) the monthly Base Rent amount set forth in Paragraph 1.10 in lawful money of the United States, in advance and, except as provided herein, without offset, deduction, or prior demand. Rent shall be payable at Landlord’s address specified in Paragraph 1.11 above or at such other place or to such other person as Landlord may designate by notice to Tenant from time to time.
Base Rent During Initial Term. Beginning on the Commencement Date and thereafter throughout the Initial Term, Lessee shall pay City annual Base Rent in a combination of cash and public benefits as shown in the table below. Year Annual Base Rent per Square Foot Annual Amount of Base Rent Annual Amount of Base Rent Payable in Cash Annual Amount of Public Benefit Rent Monthly Cash Installment of Base Rent Lease Years 1 - 5 $6.00 $64,800.00 $43,200.00 $21,600.00 $3,600.00 Lease Years 6 - 10 $7.00 $75,600.00 $50,400.00 $25,200.00 $4,200.00
Base Rent During Initial Term. The Base Rent for the initial ------------ ------------------------------ Term shall be Five Thousand Dollars ($5,000.00) per month which is equal to $20 per square foot plus $1 per square foot for electricity reimbursement (see Section
Base Rent During Initial Term. Commencing as of the Commencement Date and continuing thereafter throughout the Initial Term, Tenant shall pay annual fixed minimum rent (“Base Rent”) in the amount per square foot shown in the Basic Lease Provisions. Tenant promises to pay to Landlord in advance, without demand, deduction or set-off (except as otherwise expressly set forth herein), equal monthly installments of Base Rent on or before the first day of each calendar month in which Base Rent is due. Payments of Base Rent for any fractional calendar month during the Initial Term shall be prorated. All payments required to be made by Tenant to Landlord hereunder shall be payable at such address as Landlord may specify from time to time by written notice delivered in accordance with the terms of this Lease.
Base Rent During Initial Term. Tenant shall pay to Landlord as base rent for the Property the following sums: 1-120 $135,000.00 121-180 $148,500.00
Base Rent During Initial Term. Tenant shall pay annual fixed minimum rent (“Base Rent”) in the amount per square foot shown in the Basic Lease Provisions, as such square footage shall be established pursuant to Section 1.01 of this Lease; provided however that, in the event that the Commencement Date occurs on a date other than the first day of any calendar month, Tenant shall pay to Landlord, as of the Commencement Date, the prorated amount of Base Rent applicable to such fractional calendar month. Tenant promises to pay to Landlord in advance, without demand, deduction or set-off (except as otherwise expressly set forth herein), equal monthly installments of Base Rent on or before the first day of each calendar month in which Base Rent is due. All payments required to be made by Tenant to Landlord hereunder shall be payable at such address as Landlord may specify from time to time by written notice delivered in accordance with the terms of this Lease.
Base Rent During Initial Term. (a) Commencing as of the Commencement Date, and continuing through the last day of the fifth (5th) Lease Year, Tenant shall pay to Landlord annual fixed minimum rent (“Base Rent”) in the amount of $24.47 per rentable square foot of the Premises, as such square footage is determined in accordance with the terms of Section 2 of this Lease;
(b) Commencing as of the first day of the sixth (6th) Lease Year, and continuing through the last day of the tenth (10th) Lease Year, Tenant shall pay to Landlord Base Rent in the amount of $25.47 per rentable square foot of the Premises; and
(c) Commencing as of the first day of the eleventh (1lth) Lease Year, and continuing through the expiration of the Initial Term, Tenant shall pay to Landlord Base Rent in the amount of $26.47 per rentable square foot of the Premises.”
