Base Rent Security Deposit. Base Rent is based on $11.27 per rentable square foot and payable as set forth below. The Security Deposit is $79,376.49. Months 1 – 4 $ 46,958.33 Months 5 – 88 $ 79,376.49 1.05 Addresses. Lessor’s Address: 00000 Xxxxxx Xxxxxxx Xxxxx 000 Xxxxxx, Xxxxx 00000 Lessee’s Address: Xtera Communications, Inc. 0000 Xxxxxxxx Xxxxx Xxxxxxxxx, Xxxxxxxxxx 00000 Attn: Xxx Xxxxxxxx With copy to: Xxxxxxx X. Xxxx Xxxxxx Xxxxx Xxxx & Xxxx, P.C. 0000 Xxxxxxxx Xxxxx 0000 Xxxx Xxxxxx Dallas, Texas 75202 and Xtera Communications, Inc. 500 Xxxxxxx, Suite _____ Xxxxx, Xxxxx 00000 Attn: Xxx Xxxxxxxx With copy to: Xxxxxxx Xxxxxxx, Esq. Xxxxxxx Xxxxxx LLP 000 Xxxx Xxxxxx Xxxxx 0000 Xxxxxx, Xxxxx 00000
Base Rent Security Deposit. Base Rent shall be the following amount per rentable square foot per annum during the specified months of the Term: Month of Term Annual Base Rent Rate/SF* 1-12 13-24 25-36 37-48 49-60 61-72 […***…] 73-84 85-96 97-108 109-120 * Effective rate of […***…]. The Effective Rate is for informational purposes only, and in no way affects the Annual Base Rent Rates specified herein. Notwithstanding the foregoing to the contrary, the annual Base Rent shall be abated pursuant to the terms of Exhibit D attached hereto and incorporated herein by this reference.
Base Rent Security Deposit. Tenant shall pay to Landlord at the office of Landlord, or at such other place as Landlord may designate, monthly Base Rent during the Initial Term of $l,350.00 or a total annual rent of $16,200.00. All of these payments shall be made on or before the first day of each and every month following the Commencement Date during the Term, without any set-off or deduction except as herein specified. If the Commencement Date occurs on other than the first day of a month, the Base Rent for such month shall be pro rated. As security for performance of its obligations hereunder, Tenant has paid to Landlord upon execution of this Lease, and agrees to maintain hereafter, a security deposit in the amount equal to the first month's Base Rent, receipt of which is hereby acknowledged by Landlord. Upon Tenant's default (as described in paragraph 16 below), Landlord may from time to time and without prejudice to any other remedy, use the security deposit to the extent necessary to make good any arrears of Base Rent or Additional Rent, or any other damage, injury, expense or liability caused to Landlord by such default. The remaining balance of such security shall be returned by Landlord to Tenant within a reasonable time after termination of this Lease; provided, however, Landlord shall not be obligated to return the remaining balance of such security deposit until all rent payments due from Tenant to Landlord shall have been made in full. The security deposit shall not be considered an advance payment of rent or a measure of Landlord's damages in case of default by Tenant. Tenant shall receive no interest on such security deposit. In the event of the sale or transfer of Landlord's interest in the Building, Landlord shall have the right to transfer the security deposit to the purchaser or transferee and upon such transfer Tenant shall look only to the new Landlord for the return of the security deposit and Landlord shall thereupon be released from all liability to Tenant for the return of or accounting for such security deposit.
Base Rent Security Deposit. Tenant agrees to pay to Landlord base rent for the entire Term as the rate shown on Exhibit B one such monthly installment shall be due and payable without demand on or before the first day of each calendar month during the Term, provided, that the rental payment for any fractional calendar month shall be prorated. In addition, Tenant agrees to deposit with Landlord on the date hereof the sum shown on Exhibit B as the security deposit, which sum shall be held by Landlord, without obligation for interest, as security for the full, timely and faithful performance of Tenant's obligations under this Lease, it being agreed that such deposit is not an advance rental deposit or a measure of Landlord's damages. Upon the occurrence of any event of default by Tenant, Landlord may, from time to time, without prejudice to any other remedy, use such fund to make good any arrears of rent or other payments due Landlord hereunder, and any other damage, injury, expense or liability caused by Tenant's default; and Tenant shall pay to Landlord on demand the amount so applied in order to restore the security deposit to its orginal amount. Any remaining balance shall be returned at such time after termination of this Lease when Landlord shall have determined that all Tenant's obligations under this Lease have been fulfilled.
Base Rent Security Deposit. Tenant shall pay Base Rent in the amount set forth on the first page of this Lease. the Prepaid Rent ($70,000.02) shall be due and payable on the date hereof. Tenant promises to pay to Landlord in advance, without demand, deduction or set-off, monthly installments of Base Rent ($11,750.00) in accordance with the Schedule above on or before the first day of the first full calendar month and each month thereafter of the term. Payments of Base Rent for any fractional calendar month shall be prorated. All Tenant payments shall be payable at the payment address specified by Landlord in writing from time to time. All other payments or amounts due by Tenant to Landlord under this Lease (other than Base Rent), including without limitation, Tenant’s Proportionate Share of Operating Expenses under Section 7 below, Tenant’s Proportionate Share of Taxes and Insurance and utilities, are collectively referred to as “Additional Rent”. Base Rent and Additional Rent are referred to together as “Rent”. The obligation of Tenant to pay Base Rent, Additional Rent and any other sums to Landlord and the obligations of Landlord under this Lease are independent obligations.
Base Rent Security Deposit. (a) Tenant covenants to pay to Landlord during and through the Lease Term, inclusive, annual "
Base Rent Security Deposit. Tenant shall continue to pay, through the Termination Date, all amounts due and owing under the Lease including, without limitation, Base Rent, Operating Expenses, Tax Expenses and Utilities Costs as provided under the Lease. Such amounts shall be prorated for any partial month. Landlord presently holds a security deposit under the Lease in the amount of $295,648.00 (the “Security Deposit”). Provided that Tenant delivers all recurring monthly Rent due under the Lease for the month of March 2019, Landlord shall return a portion of the Security Deposit, in the amount of $191,648.00, to Tenant within 14 days after Tenant’s payment of such amounts.
Base Rent Security Deposit. Tenant shall continue to pay, through the Termination Date, all amounts due and owing under the Lease including, without limitation, Base Rent and Operating Expenses as provided under the Lease. Such amounts shall be prorated for any partial month. Landlord presently holds a security deposit under the Lease in the amount of $104,000.00 (the “Security Deposit”). Notwithstanding anything to the contrary contained in Section 6 of the Lease, so long as Tenant has timely delivered to Landlord the security deposit required by Tenant to be delivered pursuant to the terms of the New Lease, the Security Deposit (after deducting therefrom all amounts to which Landlord is entitled to the provisions of the Lease, if any) shall be returned to Tenant within 30 days after the Termination Date.
Base Rent Security Deposit. 3.1 Commencing on the Commencement Date and on the first day of each month thereafter during the Term, Tenant shall pay to Landlord, without notice or demand and without set-off, deduction or counterclaim, the monthly installment of annual Base Rent as set forth below by (i) check sent to Landlord; or (ii) wire transfer of immediately available funds to the account at: Bank of America, Account No. 000 4050 0020, ABA # 000000000 such transfer to be confirmed by Landlord’s accounting department upon written request by Tenant. Base Rent, Additional Rent and all other sums due from Tenant under this Lease shall collectively be defined as “Rent.” MONTHLY ANNUAL LEASE YEAR PER R.S.F. INSTALLMENTS BASE RENT 1 $ 17.00 $ 11,108.08 $ 133,297.00 2 $ 17.00 $ 11,108.08 $ 133,297.00 3 $ 17.00 $ 11,108.08 $ 133,297.00 plus any charges set forth in Articles 4 and 5 below
