Base Rent for Renewal Lease Term Sample Clauses

Base Rent for Renewal Lease Term. The Base Rent for the Renewal Lease Term shall be the Fair Market Rental Rate, determined as follows:
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Base Rent for Renewal Lease Term. If Tenant exercises the Renewal Option, the Base Rent shall be $8.90 per rentable square foot for the first Renewal Option and $9.73 per rentable square foot for the second Renewal Option; provided Tenant accepts the Premises "as-is". Should Tenant elect to exercise the Renewal Option with a Tenant Improvement Allowance ($200,000.00 per Renewal Option), then the Base Rent shall be $9.72 per rentable square foot for the first Renewal Option and $10.55 per rentable square foot for the second Renewal Option.
Sample 1
Base Rent for Renewal Lease Term. The Base Rent for the renewal for the 1028 square feet shall be the rent for the premises on the last year of the lease plus three (3%) escalations for each year. MONTHLY PARKING CONTRACT CENTRAL PARKING SYSTEM CENTRAL PARKING SYSTEM, INC., Operator of the Atrium Garage hereby grants to: BXXXXXXX.XXX, INC. Date_______________________ BUSINESS ADDRESS 600 Xxxxxxxxx Xx., Xxxxx 000, Xxxxxxxxxx, XX 00000 PHONE: the privilege of utilizing 3 non-reserved parking spaces in the Atrium Garage at no charge. This Agreement to become effective on Lease Commencement and terminate on Lease Expiration. Any parking spaces in addition to those outlined above shall be under separate agreement with CENTRAL PARKING SYSTEM. The Lessee will be issued a magnetic access card. This card is not transferable. There will be a $10.00 charge for lost access cards. There will be no charge for damaged cards unless they have been subjected to direct sunlight, extreme heat or abuse. There will be a $10.00 charge for cards damaged due to abuse. Lessee agrees to return the access card upon termination. For any cards not returned, you will be invoiced a $10.00 fee per card. Any misuse of your access card will result in immediate cancellation of your parking privileges. A set up fee shall not be required on the initial 3 parking spaces at $ 0.00 per month. Neither CENTRAL PARKING SYSTEM, WXXXXX CORPORATION OF DELAWARE nor Garage owners assume any responsibility whatsoever for loss or damage of the vehicle or its contents, however caused. AUTOMOBILES SHOULD BE LOCKED AND VALUABLES SHOULD NOT BE LEFT IN AUTOMOBILE. Lessee agrees to abide by any and all regulations pertaining to the use of the facility as may from time to time be prescribed by CENTRL PARKING SYSTEM, and further agrees to park all automobiles in any area within the facility designated by CENTRAL PARKING SYSTEM. No refunds, credits or allowances will be granted to lessee for absence, vacation, or other non-use of the garage facility under this contract. BXXXXXXX.XXX, INC. CENTRAL PARKING SYSTEM ____________________________ ________________________ ____________________________
Sample 1
Base Rent for Renewal Lease Term. The Minimum Base Rent for the Renewal Lease Term shall be market value as determined by Landlord.
Sample 1
Base Rent for Renewal Lease Term. If Tenant exercised the Renewal Option, the Base Rent shall be adjusted for the Renewal Lease Term to an amount equal to ninety-five percent (95%) of the then prevailing lease rates for comparable space in the Spring Forest/Capital Boulevard Submarket in the Raleigh, North Carolina area.
Sample 1
Base Rent for Renewal Lease Term. If Tenant exercises the Renewal Option, then Base Rent for the Renewal Lease Term shall be the lesser of: (a) the then-existing market rate; or (b) Five percent (5%) over Base Rent at the time that the Renewal Option is exercised (to be escalated annually by three percent (3%) within the Renewal Lease Term). LEASE ADDENDUM NUMBER FOUR AMERICANS WITH DISABILITIES ACT LANGUAGE Landlord and Tenant agree to the following with regards to The Americans with Disabilities Act and related laws: Tenant, at Tenant's sole expense, shall comply with all laws, rules, orders, ordinances, directions, regulations and requirements of federal, state, county and municipal authorities now in force, which shall impose any duty upon Landlord or Tenant with respect to the use, occupation or alteration of the Demised Premises, and Tenant shall use all reasonable efforts to fully comply with The Americans With Disabilities Act of 1990 (the "ADA"). Landlord's responsibility for compliance with ADA shall include the common areas and restrooms of the Building, but not the Demised Premises. If Tenant receives any notices alleging violation of ADA relating to any portion of the Building or of the Demised Premises; any written claims or threats regarding non-compliance with ADA and relating to any portion of the Building or of the Demised Premises; or any governmental or regulatory actions or investigations instituted or threatened regarding non-compliance with ADA and relating to any portion of the Building or of the Demised Premises, then Tenant shall, within ten (10) days after receipt of such, advise Landlord in writing, and provide Landlord with copies of any such claim, threat, action or investigation (as applicable).
Sample 1
Base Rent for Renewal Lease Term. The Minimum Base Rent for the Renewal Lease Term shall be paid according to the following Base Rent Schedule: First Renewal Term MONTHS ANNUAL RENT PER RENTABLE SQUARE FOOT 01-12 $ 4.00 13-24 $ 4.10 25-36 $ 4.20 37-48 $ 4.30 49-60 $ 4.40 Second Renewal Term MONTHS ANNUAL RENT PER RENTABLE SQUARE FOOT 01-12 $ 4.50 13-24 $ 4.60 25-36 $ 4.70 37-48 $ 4.80 49-60 $ 4.90 Third Renewal Term MONTHS ANNUAL RENT PER RENTABLE SQUARE FOOT 01-12 $ 5.00 13-24 $ 5.10 25-36 $ 5.20 37-48 $ 5.30 49-60 $ 5.40 EXHIBIT A LEGAL DESCRIPTION/SPACE PLAN (SEE ATTACHED) The Premises are located on a portion of the real property described as follows: Being known and designated as Lot 11 as shown on a plat entitled Revision No. 2 of Section I of West Point Business Center as recorded in Plat Book 33 at Page 86 in the office of the Register of Deeds of Forsyth County, North Carolina, reference to which is hereby made for a more particular description. Exhibit A [SCHEMATIC DRAWING OF THE PREMISES] EXHIBIT A-1 SUITE F and CONSTRUCTION STAGING SPACES (SEE ATTACHED) EXHIBIT A-1 [SCHEMATIC DRAWING OF THE SPACES] EXHIBIT A-2 PARKING SPACES, TRUCK COURT AND OUTSIDE EQUIPMENT (SEE ATTACHED) [SCHEMATIC DRAWING OF THE SPACES] EXHIBIT B RULES AND REGULATIONS
Sample 1
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Related to Base Rent for Renewal Lease Term

  • Option to Extend Lease Term At the expiration of the original Lease Term, Tenant may extend this Lease as to the entire Premises or a portion of the Premises for two (2) extended terms of five (5) years each (each an “Extended Term”) by giving Landlord written notice (the “Option Notice”) of its intention to do so not later than twelve (12) months prior to the expiration of the original Lease Term, and thereafter twelve (12) months prior to the expiration of the applicable Extended Term; provided, however, that Tenant is not in material default beyond any applicable notice and cure period under the Lease on the date of giving such notice or on the date of commencement of such Extended Term. The Option Notice shall set forth Tenant’s election to extend the Lease for all or a portion of the Premises. If Tenant elects to extend the Lease for only a portion of the Premises, the portion of the Premises for which Tenant elects not to extend the Lease shall be: (i) either located entirely on one floor of the Premises or located on one entire floor and a portion of the other floor; (ii) a minimum of 15,000 RSF; (iii) adjacent to a window line and easily accessible; and (iv) shall be in a readily marketable and leasable location. Landlord shall be responsible for any and all costs to separate the portion of the Premises for which Tenant elects not to extend the Lease from the remainder of the Premises such that the space is a separate easily accessible and readily marketable space promptly following the commencement of the applicable Extended Term. Any termination of the entire Lease shall result in automatic termination of this option. Tenant’s right to extend the Lease Term provided herein is personal to Tenant and may not be assigned or otherwise transferred except in connection with a permitted assignment of this Lease, including to a Tenant’s Affiliate. The Extended Term shall be upon all of the terms and conditions of this Lease, except that the following rights of Tenant during the original Lease Term shall not apply during such Extended Term unless granted as part of the Fair Market Rental: (a) any right to rent-free possession; (b) any right to further extension of the Lease Term beyond the Extended Terms set forth herein above; (c) any right to continue to pay the same Base Rent; (d) any right to additional Tenant Allowance; (e) any right to terminate the Extended Term early; (f) any right to continue to exclude HVAC Capital Expenditures; (g) cost of security for the Building; and (h) the right to the continuation of any cap on Controllable Operating Expenses from the previous year (it being understood that the Operating Expenses for the first twelve (12) months of each new Extended Term shall be the actual Operating Expenses without any cap and thereafter the cap set forth in Section 4.2(e) shall apply). Landlord and Tenant hereby acknowledge and agree that the Base Rent during each Extended Term shall be equal to ninety-five (95%) of the Base Rent component of the “Fair Market Rental” and one hundred percent (100%) of the economic concessions, including without limitation, free rent, improvement allowance, base year and other monetary concessions, component of the Fair Market Rental for the Premises, as determined by as follows:

  • Initial Lease Term The terms and provisions of this Lease shall be effective as of the date of this Lease except for the provisions of this Lease relating to the payment of Rent. The term of this Lease (the “Lease Term”) shall be as set forth in Section 3.1 of the Summary, shall commence on the date (the “Lease Commencement Date”) that is the earlier to occur of (i) the date Tenant commences to conduct business in any portion of the Premises, and (ii) the of “Substantial Completion”, as that term is defined in this Article 2, of the Premises by Landlord, and shall terminate on the date determined in accordance with Section 3.3 of the Summary (the “Lease Expiration Date”) unless this Lease is sooner terminated as hereinafter provided. For purposes of this Lease, “Substantial Completion” of the Premises shall occur upon the completion of construction, as reasonably determined by Landlord, of the “Tenant Improvements,” as that term is defined in the Tenant Work Letter, in the Premises pursuant to the plans and drawings which are prepared and approved pursuant to the terms of the Tenant Work Letter and the issuance of a temporary certificate of occupancy or legal equivalent, with the exception of any Punchlist Items (as defined below) and any Tenant fixtures, work-stations, built-in furniture, or equipment to be installed by Tenant or under the supervision of Contractor (as defined in Section 3 of the Tenant Work Letter). “Punchlist Items” shall mean only commercially reasonable punchlist items, the non-completion of which does not prevent the issuance of a temporary certificate of occupancy or legal equivalent or unreasonably interfere with Tenant’s use or occupancy of the Premises, and which punchlist items shall be corrected promptly by Landlord (within thirty (30) days following Landlord’s receipt of written notice thereof from Tenant) without unreasonable interference with Tenant’s use of or access to or from the Premises. It is anticipated that the Lease Commencement Date will occur within sixteen (16) weeks after mutual execution of this Lease (such date, the “Target Commencement Date”), but this Lease shall not be void, voidable or subject to termination, nor shall Landlord be liable to Tenant for any loss or damage, resulting from Landlord’s inability to deliver the Premises to Tenant by any particular date, except as hereinafter provided. Notwithstanding anything to the contrary in this Lease, if the Lease Commencement Date does not occur within 60 days after the Target Commencement Date, other than due to Tenant Delay (as defined in the Tenant Work Letter) or Force Majeure, then Tenant, at its option, may terminate this Lease by written notice to Landlord given at any time after the expiration of such 60-day period but before the Lease Commencement Date actually occurs. In the event of such termination by Tenant, the first month’s Base Rent, Tenant’s Share of Direct Expenses paid by Tenant and the Security Deposit shall be fully refunded to Tenant (subject to Landlord’s right to draw upon such Security Deposit as provided in Article 21 below) and neither party shall have any further obligations hereunder. At any time during the Lease Term, Landlord may deliver to Tenant a notice in the form as set forth in Exhibit “C”, attached hereto, as a confirmation only of the information set forth therein, which Tenant shall (absent manifest error) execute and return to Landlord within five (5) business days of receipt thereof.

  • Base Rent Lessee shall pay Base Rent and other rent or charges, as the same may be adjusted from time to time, to Lessor in lawful money of the United States, without offset or deduction, on or before the day on which it is due under the terms of this Lease. Base Rent and all other rent and charges for any period during the term hereof which is for less than one full month shall be prorated based upon the actual number of days of the month involved. Payment of Base Rent and other charges shall be made to Lessor at its address stated herein or to such other persons or at such other addresses as Lessor may from time to time designate in writing to Lessee.

  • Sublease Term The term of the Sublease (“Sublease Term”) commences on the later to occur of (1) Sublandlord’s receipt of Prime Landlord’s written consent to this Sublease, and (2) October 1, 2009 (“Sublease Commencement Date”); and expires on January 28, 2018 (“Sublease Expiration Date”; i.e., the day prior to the Termination Date pursuant to the Prime Lease). Sublandlord shall deliver the Subleased Premises “broom clean” and free of all of Sublandlord’s personal property (other than the F&F (defined in Section 2(f))) and debris, but otherwise in “AS IS, WHERE IS” condition on the Sublease Commencement Date; provided that Subtenant shall not be responsible for, or required to remedy, any violation of any applicable law, or any condition or state of facts, with respect to the Subleased Premises, the Building or the Land existing on or prior to the Sublease Commencement Date. Sublandlord is not required to perform any work to prepare the Subleased Premises for Subtenant’s intended use. If (i) for any reason Sublandlord has not received Prime Landlord’s written consent to this Sublease in form required by Section 15(i) below by the date which is sixty (60) days from the date hereof, or (ii) Prime Landlord elects to terminate the Prime Lease in respect of the Subleased Premises pursuant to Prime Landlord’s recapture right set forth in Section 16.5 of the Prime Lease, then in the case of (i), then Sublandlord and Subtenant each may elect at any time thereafter to terminate this Sublease by written notice to the other, whereupon the parties shall deem this Sublease to be null and void and of no effect (except for those provisions expressly stated herein to survive a termination), and in the case of (ii) the Sublease will be deemed terminated in accordance with Section 16.5 of the Prime Lease.

  • Lease of Premises for Lease Term Landlord hereby leases the Premises to Tenant, and Tenant hereby rents the Premises from Landlord, for the Term and subject to the conditions of this Lease.

  • Base Rental (a) Lessee hereby agrees to pay to Lessor, without setoff or deduction whatsoever, a monthly installment of $3,284.00. Lessee shall also pay, as additional rent, all such other sums of money as shall become due from and payable by Lessee to Lessor under this Lease (Base Rental, any adjustment thereto pursuant to Section 4 hereof, and all such other sums of money due from and payable by Lessee pursuant to this Lease are sometimes hereinafter collectively called "rent"), for the nonpayment of which Lessor shall be entitled to exercise all such rights and remedies as are herein provided in the case of the nonpayment of Base Rental. The Base Rental, together with any adjustment or increase thereto then in effect, shall be due and payable in advance in twelve (12) equal installments on the first (lst) day of each calendar month during the term of this Lease, and Lessee hereby agrees so to pay such Base Rental and any adjustment or increase thereto to Lessor at Lessor's address provided herein (or such other address as may be designated by Lessor in writing from time to time) monthly, in advance, and without demand. If the term of this Lease commences on a day other than the first (lst) day of a month or terminates on a day other than the last day of a month, then the installments of Base Rental and any adjustments thereto for such month or months shall be prorated, and the installment or installments so prorated shall be paid in advance.

  • Lease Term The terms and provisions of this Lease shall be effective as of the date of this Lease. The term of this Lease (the “Lease Term”) shall commence on the “Lease Commencement Date,” as that term is set forth in Section 3.2 of the Summary, and shall terminate on the “Lease Expiration Date,” as that term is set forth in Section 3.3 of the Summary, unless this Lease is sooner terminated as hereinafter provided. Tenant hereby acknowledges that the Premises are currently occupied by another tenant of the Building. If Landlord is unable for any reason to deliver possession of the Premises to Tenant on any specific date , then Landlord shall not be subject to any liability for its failure to do so, and such failure shall not affect the validity of this Lease or the obligations of Tenant hereunder. For purposes of this Lease, the term “Lease Year” shall mean each consecutive twelve (12) month period during the Lease Term. At any time during the Lease Term, Landlord may deliver to Tenant a notice in the form as set forth in Exhibit C, attached hereto, as a confirmation only of the information set forth therein, which Tenant shall execute and return to Landlord within ten (10) business days of receipt thereof; provided, however, Tenant’s failure to execute and return such notice to Landlord within such time shall be conclusive upon Tenant that the information set forth in such notice is as specified therein. In addition to the foregoing, subject to any delays caused by Tenant or any Tenant Parties and events of Force Majeure, if Landlord fails to tender possession of the Premises to Tenant on or before January 2, 2015 (the “Base Rent Delivery Date”), Tenant shall be entitled to one (1) day of per diem Base Rent abatement for each day commencing on the day after the Base Rent Delivery Date and ending on the date Landlord so tenders possession of the Premises to Tenant. Any such Base Rent Abatement shall be separate from and in addition to any Rent Abatement described in Section 3.2 below.

  • Extension of Lease Term The Original Lease Term is hereby extended for a period of eighteen (18) months continuing through and including November 30, 2022 (the “Extension Term” and the Original Lease Term as so extended by the Extension Term, the “Lease Term”).

  • Lease of Property For Lease Term Landlord leases the Property to Tenant and Tenant leases the Property from Landlord for the Lease Term. The Lease Term is for the period stated in Section 1.05 above and shall begin and end on the dates specified in Section 1.05 above, unless the beginning or end of the Lease Term is changed under any provision of this Lease. The "Commencement Date" shall be the date specified in Section 1.05 above for the beginning of the Lease Term, unless advanced or delayed under any provision of this Lease.

  • Sublease Rent Limitation Anything contained in this Lease to the contrary notwithstanding, Lessee shall not sublet the Leased Property on any basis such that the rental to be paid by the sublessee thereunder would be based, in whole or in part, on either (a) the income or profits derived by the business activities of the sublessee, or (b) any other formula such that any portion of the Rent would fail to qualify as “rents from real property” within the meaning of Section 856(d) of the Code, or any similar or successor provision thereto.

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