Base Rent for Expansion Premises. (a) Tenant shall continue to pay Base Rent with respect to the Existing Premises at the rates set forth in the Lease, (b) commencing on the Expansion Premises Commencement Date (but subject to the Expansion Premises Base Rent Abatement [as defined below]), Base Rent for the Expansion Premises shall be payable at the rate of $[***] per month, and (c) commencing on the Expansion Premises Commencement Date, Base Rent for the Expansion Premises shall be increased as of the date or dates on which Tenant uses the Additional Expansion Premises TI Allowance (as defined in the Expansion Premises Work Letter attached hereto as a part hereof as Exhibit C) (such increase to be calculated based on the amount of the Additional Expansion Premises TI Allowance used by Tenant, such amount to be amortized over the Base Term based on an interest rate of [***]% per annum; the resulting amount so amortized shall be added to the monthly installments of Base Rent for the Expansion Premises). Notwithstanding any contrary provision contained in the Lease, the Base Rent for the Expansion Premises shall thereafter be increased on each anniversary of the Expansion Premises Commencement Date (which, solely for purposes of determining such increase, shall be April 1, 2020 if the Expansion Premises Commencement Date occurs before such date) by multiplying the Base Rent payable for the Expansion Premises immediately before such date by the Rent Adjustment Percentage and adding the resulting amount to the Base Rent payable for the Expansion Premises immediately before such date; provided, however, that as more fully set forth in Section 5(b)2 of the Work Letter, the Rent Adjustment Percentage shall not apply to the Additional Expansion Premises TI Allowance. Base Rent for the Expansion Premises, as so adjusted, shall thereafter be due as provided in the Lease.
Base Rent for Expansion Premises. In addition to the Base Rent payable by --------------------------------- Tenant for the Existing Premises, Tenant shall pay the following Base Rent for the Expansion Premises: Months Base Rent ------ --------- EPCD - 12/31/99: $3.20 per rentable square foot per month 01/01/00 - 12/31/00: $3.40 per rentable square foot per month 01/01/01 - 12/31/01: $3.50 per rentable square foot per month 01/01/02 - 12/31/02: $3.60 per rentable square foot per month 01/01/03 - 12/31/03: $3.70 per rentable square foot per month 01/01/04 - Expiration Date: $3.80 per rentable square foot per month
Base Rent for Expansion Premises. Effective as of July 1, 2021, Tenant shall continue to pay Base Rent for the Expansion Premises as set forth in the schedule below and otherwise in accordance with the terms of the Lease. Period Annual Base Rent(Based on 12 months) Monthly Base Rent Per RSF July 1, 2021 - December 31, 2021 $216,380.00 $18,031.67 $62.00
Base Rent for Expansion Premises. (a) Tenant shall continue to pay Base Rent with respect to the Existing Premises at the rates set forth in the Lease, and (b) commencing on the Rent Commencement Date (i.e., January 1, 2022), Base Rent for the Expansion Premises shall be payable at the rate of $5,146.25 per month. During the Term, the Base Rent for the Expansion Premises shall be increased on the Adjustment Date, by multiplying the monthly Base Rent payable immediately before such Adjustment Date for the Expansion Premises by the Rent Adjustment Percentage (i.e., [***]%) and adding the resulting amount to the monthly Base Rent payable immediately before such Adjustment Date. Base Rent, as so adjusted, shall thereafter be due as provided in Section 4 of the Lease. On the Effective Date, Tenant shall deliver to Landlord an amount equal to the first monthly installment of Base Rent payable for the Expansion Premises.
Base Rent for Expansion Premises. Commencing on the Expansion Commencement Date and continuing throughout the Expansion Term, Lessee shall pay to Lessor monthly installments of Base Rent, pursuant to the terms of the Lease, for the Expansion Premises as follows (the first “Expansion Term Lease Year” shall be the first full twelve (12) consecutive calendar months in addition to any partial calendar month at the beginning of the Expansion Term should the Expansion Commencement Date not fall on the first (1st) day of a calendar month, and each following “Expansion Term Lease Year” shall be the succeeding twelve (12) month period): Expansion Term Lease Year Annualized Base Rent Monthly Installment of Base Rent Monthly Base Rent per Rentable Square Foot 1 $166,089.00 $13,840.75 $3.85 2 $171,071.64 $14,255.97 $3.97 3 (partial year) $176,203.80 $14,683.65 $4.08 On or before the Expansion Commencement Date, Lessee shall pay to Lessor the Base Rent payable for the Expansion Premises for the first full month of the Expansion Term.
Base Rent for Expansion Premises. The Base Rent for the Expansion Premises shall be as follows: Period Sq. Ft. Rent/SF/Mo./NNN Amount/Month Expansion Premises Commencement Date – 12/31/14 4,000 $2.45 $9,800.00 1/1/15 – 5/8/15 7,132 $2.45 $17,473.40 5/9/15 – 5/8/16 7,132 $2.52 $17,972.64 5/9/16 – 5/8/17 7,132 $2.59 $18,471.88 5/9/17 – 5/8/18 7,132 $2.66 $18,971.12 5/9/18 – 5/8/19 7,132 $2.74 $19,541.68 5/9/19 – 5/8/20 7,132 $2.82 $20,112.24 On the date that Tenant executes this First Amendment, Tenant shall deliver to Landlord the amount of Seventeen Thousand Four Hundred Seventy Three and 40/100 Dollars ($17,473.40) as Base Rent as set forth above (which shall be applied against the Base Rent payable for the first months after the Expansion Premises Commencement Date until fully applied) plus the amount of Five Thousand Four Hundred Twenty and 00/100 Dollars ($5,420.00) as Tenant’s Share of Additional Rent for the first full month of the Term following the Expansion Premises Commencement Date.
Base Rent for Expansion Premises. Suite 200. Notwithstanding anything to the contrary contained in the Lease, Landlord and Tenant agree that Tenant shall pay to Landlord Base Rent for Suite 200 in the following amounts in accordance with Article 3 of the Original Lease; Suite 200 Extension Term Period Monthly Installment of Base Rent Monthly Rental Rate Per Rentable Square Foot May 1, 2012—July 31, 2012 $ 0.00 $ 0.00 August 1, 2012—April 30, 2013 $ 27,588.00 $ 1.50 May 1, 2013—April 30, 2015 $ 28,507.60 $ 1.55 May 1, 2015—August 31, 2016 $ 29,427.20 $ 1.60 September 1, 2016—September 30, 2016 $ 0.00 $ 0.00 October 1, 2016—September 30, 2018 $ 30,530.72 $ 1.66 October 1, 2018—September 30, 2020 $ 31,634.24 $ 1.72 October 1, 2020—April 30, 2022 $ 32,921.68 $ 1.79 (Tenant shall not be obligated to pay Base Rent for months one (May 2012), two (June 2012), three July (2012), month twenty four (April 2014) and fifty five (September 2016) of the Lease Term on the Expansion Premises) Upon execution of this Lease, Tenant shall prepay rent in the amount of eighty-two thousand, seven hundred and sixty-four ($82,764.00) dollars to be applied to the rent consideration for August 2012, September 2012, and October 2012.
Base Rent for Expansion Premises. Lessee acknowledges and agrees that it has received the benefit of all abated rent (i.e. for the month of September, 2014 and any prior period) and no further rent abatement is due or owing to Lessee. Commencing on the Effective Date, Paragraph 61 of the Lease is deleted in its entirety and replaced with the following:
Base Rent for Expansion Premises. (a) Commencing on the Expansion Premises Commencement Date, the monthly installments of Base Rent payable under the Sublease for the Expansion Premises for the Expansion Premises Sublease Term, shall be set forth in this Section 8 below, payable in advance, on the first day of each calendar month, and continuing through the remainder of the Expansion Premises Sublease Term. The Base Rent set forth in the schedule below shall be payable by Subtenant without deduction, offset, prior notice or demand in lawful money of the United States to Sublandlord via wire transfer to the account noted on Exhibit C to the Original Sublease, or at such other place or places as Sublandlord may from time to time direct. Subject to the foregoing, Base Rent shall be paid in the same manner and shall be subject to the same requirements as set forth in the Original Sublease as it relates to Base Rent payable for Suite 200: Expansion PremisesSublease Term Months Annualized BaseRent MonthlyInstallments of Base Rent for Expansion Premises Approximate MonthlyBase Rent Rates Per Rentable Square Foot of Expansion Premises Expansion Premises CommencementDate - 02/14/2021 $0.00 $0.00 $0.00 02/15/2021 – 05/31/2021 $1,060,673.40 (tobe prorated for partial 12-month period) $88,389.45 $5.15/RSF 06/01/2021 – 05/31/2022 $1,097,821.24 $91,485.10 $5.33/RSF 06/01/2022 – 05/31/2023 $1,135,910.04 $94,659.17 $5.52/RSF 06/01/2023 – 05/31/2024 $1,175,987.52 $97,998.96 $5.71/RSF 06/01/2024 – last day of 48th full calendar month following the Expansion PremisesCommencement Date $1,217,199.96 $101,433.33 $5.91/RSF Expansion Premises Extended Term Commencement Date –05/31/2025 (if applicable) $1,217,199.96 (to be prorated for partial 12-month period) $101,433.33 $5.91/RSF 06/01/2025 – expiration of Expansion Premises Extended Term (if applicable) $1,260,450.72 $105,037.56 $6.12/RSF Concurrently with Subtenant’s execution of this First Amendment, Subtenant shall pay to Sublandlord in cash or certified funds the monthly installment of Base Rent due for the period February 15, 2021 through February 28, 2021 (i.e., the amount of Forty-Four Thousand One Hundred Ninety-Four and 73/100 Dollars ($44,194.73)).
Base Rent for Expansion Premises. Concurrent with the execution of this Second Amendment, Tenant shall pay to Landlord the amount of $4,537.50 representing payment of the first (1st) month's Base Rent for the Expansion Premises. Tenant shall otherwise pay to Landlord Base Rent for the Expansion Premises in accordance with the schedule and in the amounts set forth below: EXPANSION PREMISES MONTHLY BASE RENT LEASE YEAR* ANNUAL BASE RENT MONTHLY BASE RENT PER RENTABLE SQUARE FOOT ------------------ ---------------- ----------------- ------------------------ 1 $54,450.00 $4,537.50 $1.65 2 $56,430.00 $4,702.50 $1.71 3 $58,410.00 $4,867.50 $1.77 4 $60,390.00 $5,032.50 $1.83 5 $62,370.00 $5,197.50 $1.89 6 $64,680.00 $5,390.00 $1.96
