Base Rent for Expansion Space. The Base Rent for the Expansion Space shall be the same per square foot Base Rent as is charged for the Original Space. The Base Rent for the Expansion Space shall commence as of the Expansion Date.
Base Rent for Expansion Space. From and after the Effective Date, Section C of Part I of the Lease is hereby amended to include the Base Rent for the Expansion Space as follows:
Base Rent for Expansion Space. If the 60-Month period set forth in the Base Rent table in Section 3 of the First Amendment ends prior to June 30, 2019 (the Expiration Date), then, following the end of such 60-Month period and continuing through June 30, 2019, Base Rent for the Expansion Space shall be payable at the rate applicable to Months 49 through 60.
Base Rent for Expansion Space. Notwithstanding anything to the contrary contained in the Lease, in addition to all other amounts due and payable by Tenant under the Lease, including, without limitation, Base Rent for the Existing Premises (which shall remain unchanged by this Second Amendment), Tenant shall, beginning on the Expansion Space Commencement Date (subject to the Expansion Abatement Period (as defined below)), pay in the manner specified in the Lease, Base Rent for the Expansion Space as follows during the applicable time periods: Rent Period (Months of Initial Lease Term) Monthly Base Rent Monthly Base Rent per Rentable Square Foot Expansion Space Commencement Date –12 $95,200.00 $2.72 13 –24 $98,000.00 $2.80 25 – 36 $100,800.00 $2.88 37 – 48 $103,950.00 $2.97 49 – 60 $107,100.00 $3.06 61-72 $110,250.00 $3.15 73-84 $113,400.00 $3.24 85-Expiration Date $116,900.00 $3.34 Notwithstanding the foregoing, during the Expansion Abatement Period, the Base Rent for the Expansion Space shall be abated (the “Expansion Base Rent Abatement”). If Landlord terminates the Lease as a result of a Default by Tenant beyond applicable notice and cure periods, then, without limiting any other rights and remedies of Landlord, (1) any remaining portion of the Expansion Abatement Period as of the date of such Lease termination shall automatically be extinguished and (2) the then unamortized Expansion Base Rent Abatement to the date of such termination (amortized over the initial 92 months of the initial Lease Term for the Expansion Space), shall immediately become due and payable. For the purposes of the Lease, the “Expansion Abatement Period” shall be a period equal to one hundred and fifty-two (152) days from the Expansion Space Commencement Date.
Base Rent for Expansion Space. Landlord and Tenant agree that, in addition to paying all other amounts due under the Lease, Tenant shall pay the following Base Rent for the Expansion Space, in accordance with Article 3 of the Lease: Period Monthly Installment of Base Rent Monthly Rental Rate 2/1/01 – 1/31/02 $ 5,570.00 $ 1.25 per rsf 2/1/02 – 12/31/02 $ 5,792.80 $ 1.30 per rsf
Base Rent for Expansion Space. During the Expansion Term, Tenant shall, at the time and place and in the manner provided in the Lease, pay to Landlord as Base Rent for the Expansion Space as follows: Annual Rate Monthly Period Per Square Foot Base Rent 12/01/06 through 03/31/09 $ 14.00 $ 20,601.00 04/01/09 through 11/30/11 $ 15.00 $ 22,072.50
Base Rent for Expansion Space. From the Expansion Space Delivery Date to April 14, 2020, Tenant shall not be obligated to pay Base Rent for the Expansion Space, but Tenant shall pay all Rent for the Existing Premises and all other charges due under the Lease, as amended hereby. Commencing on April 15, 2020 (the “Expansion Space Commencement Date”) and thereafter on or before the first (1st) day of each calendar month during the Expansion Space Term, in addition to all Rent for the Existing Premises and all other Rent for the Expansion Space, Tenant shall pay to Landlord Base Rent for the Expansion Space as follows: Months Monthly Base Rent Rate Per Rentable Square Foot Monthly Base Rent ESDD – 4/14/20 $0.0000 $0.00 4/15/20 – 6/14/20 $0.0000 Abated* 6/15/20 – 4/14/21 $5.4000 $36,714.60 4/15/21 – 4/14/22 $5.5620 $37,816.04 4/15/22 – 4/14/23 $5.7289 $38,950.52 4/15/23 – 4/14/24 $5.9007 $40,119.03 4/15/24 – 4/14/25 $6.0777 $41,322.61 4/15/25 – 2/28/26 $6.2601 $42,562.28 *Base Rent for the Expansion Space shall be abated for the first two (2) months of the Expansion Space Term. Notwithstanding the foregoing, the Expansion Space Commencement 5 Date (and the dates upon which the Base Rent rate payable as described above is increased) shall be delayed on a day-for-day basis for each day that the Expansion Space Delivery Date is delayed beyond the Estimated Expansion Space Delivery Date and for each day that substantial completion of the Expansion Space Work is delayed as a consequence of force majeure or Landlord Delay (in such event, the Expansion Space Confirmation Letter Agreement will restate 6 the Base Rent schedule using the correct calendar dates). Notwithstanding such abatement of Base Rent, (a) all other sums due under the Lease, including Tenant’s Proportionate Share of Basic Operating Costs, Tenant’s Proportionate Share of Property Taxes and Additional Rent, shall be payable as provided in the Lease, and (b) any increases in Base Rent set forth above shall occur on the dates scheduled therefor. The abatement of Base Rent provided for above is conditioned upon Tenant’s full and timely performance of all of its obligations under the Lease. If at any time during the Term Tenant defaults under any term or provision of the Lease, as amended hereby, and fails to cure such default within the prescribed cure period, Tenant shall promptly pay to Landlord, in addition to all other amounts due to Landlord under the Lease, as amended hereby, a prorated amount of all Base Rent hereinabove abated ...
Base Rent for Expansion Space. Notwithstanding any other provisions of the Lease or the First Amendment or Second Amendment, commencing on November 1, 2004, Lessee shall pay monthly Base Rent (on a triple net basis) for the Expansion Space as follows: Rental Period Square Footage Monthly Base Rent Rate Monthly Base Rent Annual Base Rent Rate Annual Base Rent 11/1/04 – 10/31/05 15,003 $ 0.47 $ 6,976.40 $ 5.64 $ 83,716.74 11/1/05 – 10/31/06 15,003 $ 0.92 $ 13,727.75 $ 11.04 $ 164,732.94 11/1/06 – 10/31/07 15,003 $ 0.94 $ 14,139.58 $ 11.28 $ 169,674.93 11/1/07 – 10/31/08 15,003 $ 0.97 $ 14,563.76 $ 11.64 $ 174,765.18 11/1/08 – 10/31/09 15,003 $ 1.00 $ 15,000.68 $ 12.00 $ 180,008.13 11/1/09 – 12/31/09 15,003 $ 1.00 $ 15,000.68 $ 12.00 $ 30,001.36 (prorated partial year )
Base Rent for Expansion Space. Notwithstanding anything to the contrary in the Lease, commencing on the Expansion Commencement Date, Tenant shall pay, in accordance with the provisions of this Section 4 but subject to abatement as provided in Section 5 below, Base Rent for the Expansion Space as follows: Months of Expansion Space Term Annualized Base Rent **Monthly Installment of Base Rent Monthly Rental Rate per Rentable Square Foot *1 – 12 $ 1,174,551.60 $ 97,879.30 $ 4.10 13 – 24 $ 1,209,788.16 $ 100,815.68 $ 4.22 *** 25 – 36 $ 1,246,081.80 $ 103,840.15 $ 4.35 *** 37 – 48 $ 1,283,464.20 $ 106,955.35 $ 4.48 *** 49 – 60 $ 1,321,968.12 $ 110,164.01 $ 4.61 *** 61 – 72 $ 1,361,627.16 $ 113,468.93 $ 4.75 *** 73 – 84 $ 1,402,476.00 $ 116,873.00 $ 4.90 *** 85 – 87 $ 1,444,550.28 $ 120,379.19 $ 5.04 *** *Subject to abatement as provided in Section 5 below. **The initial monthly installment of Base Rent amount was calculated by multiplying the initial monthly Base Rent rate per rentable square foot amount by the number of rentable square feet of space in the Expansion Space. In all subsequent Base Rent payment periods, the calculation of each monthly installment of Base Rent amount reflects an annual increase of three percent (3.0%). ***The amounts identified in the column entitled “Monthly Rental Rate per Rentable Square Foot” are rounded amounts provided for informational purposes only.
Base Rent for Expansion Space. During the Expansion Space Term, the Base Rent payable by Tenant for the Expansion Space shall be (i) calculated separate and apart from the Base Rent payable for the Original Premises, and (ii) as set forth in the following schedule: Months of Expansion Space Term Annual Base Rent Monthly Base Rent Annual Base Rental Rate per Rentable Square Foot of Expansion Space 1 – 12 $216,120.00 $18,010.00 $60.00 13 – 24 $222,603.60 $18,550.30 $61.80 25 – 36 $229,267.30 $19,105.61 $63.65
