Common use of Base Rental Clause in Contracts

Base Rental. Lessee agrees to pay Lessor or its property manager at 0000 Xxxxx 0000 Xxxx, Xxxxx #000 Xxxx Xxxx Xxxx, Xxxx 00000 or such other place as the Lessor may from time to time designate in a written notice delivered to Lessee, annual base rent for the time period and floors so specified in Addendum “A” to this Lease (the “Base Rental”). The Base Rental shall be payable in monthly installments, to be paid in advance, without demand, deduction or offset, on the first day of each and every calendar month during the term hereof as set forth in Addendum “A” to this Lease (the term “Due Date”, with respect to Base Rental and Estimated Additional Rent shall mean the first day of the calendar month, and the term “Due Date” for any other sum due and payable from Lessee shall be the date(s) specified for such sums in the other provisions of this Lease). Lessee’s obligation to pay Base Rental and Additional Rental shall, as to each floor (or portion thereof, with respect to the 0xx Xxxxx) constituting the Premise’s, commence on the respective dates set forth in Addendum “A” to this Lease (namely, March 1, 2013 for the 7th Floor, March 1, 2013 for the 6th Floor, August 1, 2013 for the 5th Floor, and February 1, 2014 for the 0xx Xxxxx), except that if Lessee elects, in Lessee’s sole discretion to commence business operations from any portion of the 7th and 6th Floors prior to March 1, 2013, or from any portion of the 5th Floor prior to August 1, 2013, or from any portion of the 4th Floor prior to February 1, 2014, Lessee shall not be obligated to pay Base Rental for any such portion of the Premises in which LEASE – Instructure, Inc. OLD MILL BUILDING IV, LLC Lessee has commenced business operations (which Base Rental obligations shall not commence until the dates set forth in Addendum “A” to this Lease, but Lessee shall be obligated to pay a share of the Additional Rent corresponding to the rentable square feet in which Lessee has commenced business operations, determined by a fraction, the numerator of which is the total rentable square feet in which Lessee has commenced business operations, and denominator of which is the total rentable square feet contained in the Building. By way of clarification, if Lessee commences business operations from a portion of the 7th floor consisting of 500 rentable square feet prior to Xxxxx 0, 0000, Xxxxxx shall be responsible for .0021 percent of the Additional Rent for the Building for the time period commencing on the first date Lessee’s use of that space for Lessee’s business operations, and ending on March 1, 2013, and then on Xxxxx 0, 0000, Xxxxxx’s obligation for Base Rental and Additional Rent shall be at set forth in this Lease. The Base Rental is calculated on the agreed rate of $25.00 per RSF of the Premises.

Base Rental. Lessee (a) Tenant agrees to pay Lessor during the Lease Term, to Landlord, without any setoff or its property manager at 0000 Xxxxx 0000 Xxxxdeductions whatsoever, Xxxxx #000 Xxxx Xxxx Xxxxthe Base Rental, Xxxx 00000 or and all other such other place sums of money as shall become due hereunder as additional rent, including, without limitation, any estimated Operating Expense payments pursuant to Paragraph 6 hereof then in effect, the Lessor may from time Electric Service Xxxxxxxx pursuant to time designate in a written notice delivered to LesseeParagraph 7 hereof, annual base and the rent for the time period reserved parking spaces pursuant to Paragraph 14, all of which are sometimes herein collectively called "rent" for the nonpayment of which Landlord shall be entitled to exercise all such rights and floors so specified remedies as are herein provided in Addendum “A” to this Lease (the “case of the nonpayment of Base Rental”). The Base Rental Rental, together with any estimated Operating Expense payments pursuant to Paragraph 6 hereof, the Electric Service Xxxxxxxx pursuant to Paragraph 7 hereof, and the rent for the reserved parking spaces pursuant to Paragraph 14, shall be due and payable in advance monthly installments, to be paid in advance, without demand, deduction or offset, on the first day of each and every calendar month during the initial term hereof as set forth in Addendum “A” to of this Lease (the term “Due Date”and any extensions or renewals thereof; provided, with respect to however that Base Rental and Estimated Additional Rent shall mean the first day of the calendar month, and the term “Due Date” for any other sum due and payable from Lessee shall be the date(s) specified for such sums in the other provisions of this Lease). Lessee’s obligation to pay Base Rental and Additional Rental shall, as to each floor (or portion thereof, with respect to the 0xx Xxxxx) constituting the Premise’s, commence on the respective dates set forth in Addendum “A” to this Lease (namely, March 1, 2013 for the 7th Floor, March 1, 2013 for the 6th Floor, August 1, 2013 for the 5th Floor, and February 1, 2014 for the 0xx Xxxxx), except that if Lessee elects, in Lessee’s sole discretion to commence business operations from any portion of the 7th and 6th Floors prior to March 1, 2013, or from any portion of the 5th Floor prior to August 1, 2013, or from any portion of the 4th Floor prior to February 1, 2014, Lessee shall not be obligated to pay Base Rental for any such portion of the Premises in which LEASE – Instructure, Inc. OLD MILL BUILDING IV, LLC Lessee has commenced business operations (which Base Rental obligations shall not commence until the dates set forth in Addendum “A” to this LeaseRent Commencement Date, but Lessee shall be obligated and Tenant hereby agrees to pay a share of the Additional Rent corresponding to the rentable square feet in which Lessee has commenced business operations, determined by a fraction, the numerator of which is the total rentable square feet in which Lessee has commenced business operations, and denominator of which is the total rentable square feet contained in the Building. By way of clarification, if Lessee commences business operations from a portion of the 7th floor consisting of 500 rentable square feet prior to Xxxxx 0, 0000, Xxxxxx shall be responsible for .0021 percent of the Additional Rent for the Building for the time period commencing on the first date Lessee’s use of that space for Lessee’s business operations, and ending on March 1, 2013, and then on Xxxxx 0, 0000, Xxxxxx’s obligation for such Base Rental and Additional Rent any adjustments and xxxxxxxx thereto to Landlord at Landlord's address provided herein (or such other address as may be designated by Landlord 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 day of a month or terminates on a day other the day other than the last day of a month, then the installments of Base Rental and any adjustments and Initials: SK ------ xxxxxxxx thereto for such month or months shall be at set forth prorated, based on the number of days in this Lease. The such month. (b) If Tenant shall fail to pay the Base Rental on or before the tenth (10th) day of the calendar month in which such Base Rental is calculated due, Tenant shall be deemed to be "late", and Tenant shall pay to Landlord on the agreed rate demand a late charge equal to five percent (5%) of $25.00 per RSF of the Premisessuch Base Rental.

Base Rental. (a) Lessee hereby agrees to pay Lessor to Lessor, without setoff or its property manager at 0000 Xxxxx 0000 Xxxxdeduction whatsoever, Xxxxx #000 Xxxx Xxxx Xxxxin accordance with the Schedule of Base Rent attached hereto as EXHIBIT D ("Base Rental). Lessee shall also pay, Xxxx 00000 as additional rent [or Forecast Additional Rent ], all such other place sums of money as the shall become due from and payable by Lessee to Lessor may under this Lease (Base Rental, any adjustment thereto pursuant to Section 4 hereof, and all such other sums of money due from time to time designate in a written notice delivered to Lessee, annual base rent for the time period and floors so specified in Addendum “A” 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 annual Base Rental Rental, together with any adjustment or increase thereto then in effect, shall be due and payable in monthly installments, to be paid advance in advance, without demand, deduction or offset, twelve (12) equal installments on the first 1st day of each and every calendar month during the term hereof as set forth in Addendum “A” of this Lease, and Lessee hereby agrees so to this Lease (the term “Due Date”, with respect to pay such Base Rental and Estimated Additional Rent shall mean 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 first (1st) day of a month or terminates on a day other than the calendar 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 term “Due Date” for installment or installments so prorated shall be paid in advance. (b) In the event any installment of the Base Rental, or any other sum sums which may become owing by Lessee to Lessor under the provisions hereof are not received within Five (5) days after the due and payable from date thereof (without in any way implying Lessor's consent to such late payment), Lessee, to the extent permitted by law, agrees to pay, in addition to said installment of the Base Rental or such other sums owed, a late payment charge equal to ten percent (10%) (Late Fee) of the installment of the Base Rental or such other sums owed. Notwithstanding the foregoing, the foregoing late charges shall not apply to any sums which have been advanced by Lessor to or for the benefit of Lessee shall be pursuant to the date(s) specified for such sums in the other provisions of this Lease). Lessee’s obligation , it being understood that such sums shall bear interest, which Lessee hereby agrees to pay Base Rental and Additional Rental shallto Lessor, as at the lesser of fifteen percent (15%) per annum or the maximum rate of interest permitted by law to each floor (or portion thereof, with respect to the 0xx Xxxxx) constituting the Premise’s, commence on the respective dates set forth in Addendum “A” to this Lease (namely, March 1, 2013 be charged Lessee for the 7th Floor, March 1, 2013 for the 6th Floor, August 1, 2013 for the 5th Floor, and February 1, 2014 for the 0xx Xxxxx), except that if Lessee elects, in Lessee’s sole discretion to commence business operations from any portion use or forbearance of the 7th and 6th Floors prior to March 1, 2013, or from any portion of the 5th Floor prior to August 1, 2013, or from any portion of the 4th Floor prior to February 1, 2014, Lessee shall not be obligated to pay Base Rental for any such portion of the Premises in which LEASE – Instructure, Inc. OLD MILL BUILDING IV, LLC Lessee has commenced business operations (which Base Rental obligations shall not commence until the dates set forth in Addendum “A” to this Lease, but Lessee shall be obligated to pay a share of the Additional Rent corresponding to the rentable square feet in which Lessee has commenced business operations, determined by a fraction, the numerator of which is the total rentable square feet in which Lessee has commenced business operations, and denominator of which is the total rentable square feet contained in the Building. By way of clarification, if Lessee commences business operations from a portion of the 7th floor consisting of 500 rentable square feet prior to Xxxxx 0, 0000, Xxxxxx shall be responsible for .0021 percent of the Additional Rent for the Building for the time period commencing on the first date Lessee’s use of that space for Lessee’s business operations, and ending on March 1, 2013, and then on Xxxxx 0, 0000, Xxxxxx’s obligation for Base Rental and Additional Rent shall be at set forth in this Lease. The Base Rental is calculated on the agreed rate of $25.00 per RSF of the Premisesmoney.

Base Rental. Lessee agrees (a) As to the portion of the Remaining Premises located on Floors 9 through 20 of the Building, Tenant shall continue to pay Lessor or its property manager at 0000 Xxxxx 0000 XxxxBase Rental in accordance with Sections 2.1 and 2.2 of the Lease, Xxxxx #000 Xxxx Xxxx Xxxxwithout modification as a result of this Amendment. (b) Until February 28, Xxxx 00000 or such other place 2003, as to the portion of the Remaining Premises located on Floor 24 of the Building, and until August 31, 2003 as to the portion of the Remaining Premises located on Floor 25 of the Building, Tenant shall pay Base Rental as set forth in the Lease (including the First Amendment) without modification as a result of this Amendment. (c) Commencing March 1, 2003, as to the portion of the Remaining Premises located on Floor 24 of the Building, and September 1, 2003 as to the portion of the Remaining Premises located on Floor 25 of the Building, and continuing through and until the Expiration Date, Section 2.1 of the Lease and Section 4 of the First Amendment shall be amended to provide that Tenant shall be obligated to pay as the Lessor may from time annual Base Rental with respect to time designate in a written notice delivered the portion of the Remaining Premises located on Floors 24 and 25 of the Building an amount equal to Lesseethe product of (x) an annual Base Rate equal to $23.50, annual base rent for multiplied by (y) the time period number of square feet of Net Rentable Area comprising the Remaining Premises located on Floors 24 and floors so specified in Addendum “A” to this Lease 25 of the Building: (the “Base Rental”). The d) All such Base Rental shall be payable in monthly installments, to be paid in advance, without demand, deduction or offset, on accordance with the first day of each and every calendar month during the term hereof as provisions set forth in Addendum “A” the Lease. (e) From and after the Expiration Date (to this the extent Tenant renews and extends the Lease (pursuant to Section I of Exhibit B to the term “Due Date”, with respect to Base Rental and Estimated Additional Rent shall mean the first day of the calendar month, and the term “Due Date” for any other sum due and payable from Lessee shall be the date(s) specified for such sums in the other provisions of this Lease). Lessee’s obligation to pay Base Rental and Additional Rental shall, as to each floor (or portion thereof, with respect to the 0xx Xxxxx) constituting the Premise’s, commence on the respective dates set forth in Addendum “A” to this Lease (namely, March 1, 2013 for the 7th Floor, March 1, 2013 for the 6th Floor, August 1, 2013 for the 5th Floor, and February 1, 2014 for the 0xx Xxxxx), except that if Lessee elects, in Lessee’s sole discretion to commence business operations from any portion of the 7th and 6th Floors prior to March 1, 2013, or from any portion of the 5th Floor prior to August 1, 2013, or from any portion of the 4th Floor prior to February 1, 2014, Lessee shall not be obligated Tenant agrees to pay Base Rental for any such portion the Remaining Premises at the Base Rate determined in accordance with the provisions of the Premises in which LEASE – Instructure, Inc. OLD MILL BUILDING IV, LLC Lessee has commenced business operations (which Base Rental obligations shall not commence until the dates set forth in Addendum “A” to this Lease, but Lessee shall be obligated to pay a share Section I of the Additional Rent corresponding Exhibit B to the rentable square feet in which Lessee has commenced business operations, determined by a fraction, the numerator of which is the total rentable square feet in which Lessee has commenced business operations, and denominator of which is the total rentable square feet contained in the Building. By way of clarification, if Lessee commences business operations from a portion of the 7th floor consisting of 500 rentable square feet prior to Xxxxx 0, 0000, Xxxxxx shall be responsible for .0021 percent of the Additional Rent for the Building for the time period commencing on the first date Lessee’s use of that space for Lessee’s business operations, and ending on March 1, 2013, and then on Xxxxx 0, 0000, Xxxxxx’s obligation for Base Rental and Additional Rent shall be at set forth in this Lease. The Base Rental is calculated on the agreed rate of $25.00 per RSF of the Premises.

Base Rental. Lessee Xxxxxxx agrees to pay Lessor or its property manager at 0000 Xxxxx 0000 Xxxx, Xxxxx #000 Xxxx Xxxx Xxxx, Xxxx 00000 or such other place as the Lessor may from time to time designate in a written notice delivered to Lessee, an annual base rent rental to Ameristar during the Term for the Leased Land and for the rights and privileges granted Xxxxxxx under this Lease, at the time period and floors so place and in the manner specified herein, in Addendum “A” to this Lease the amount of Seventy Five Thousand Dollars ($75,000) (the “"Base Rental”"), payable Six Thousand Two Hundred Fifty Dollars ($6,250) per month in advance, with the initial payment to be made on the Rental Commencement Date. The "Rental Commencement Date" shall be the earlier of the date on which the Building is substantially completed or three hundred sixty-five (365) days after the Commencement Date. The amount of the initial Base Rental payment due on the Rental Commencement Date shall be pro-rated, if necessary, for the number of days between The Rental Commencement Date and the Commencement Date. Thereafter, Base Rental shall be payable in paid monthly installments, to be paid in advance. "Substantial Completion" shall mean that the Building is ready for occupancy and use as a hotel as evidenced by a Certificate of Occupancy for the Building or other like document issued by the appropriate governmental authority, without demand, deduction and any franchisor or offset, on licensor's requirements for opening of the first day of each and every calendar month hotel have been met. In the event that during the term hereof as set forth in Addendum “A” to this Lease initial fifteen (the term “Due Date”, with respect to Base Rental and Estimated Additional Rent shall mean the first day 15) years of the calendar monthTerm, and Ameristar ceases to operate a riverboat gaming operation based from the term “Due Date” Casino Property, then for any other sum due and payable from Lessee shall be the date(s) specified for such sums in the other provisions of this Lease). Lessee’s obligation to pay Base Rental and Additional Rental shall, as to each floor (or portion thereof, with respect to the 0xx Xxxxx) constituting the Premise’s, commence on the respective dates set forth in Addendum “A” to this Lease (namely, March 1, 2013 for the 7th Floor, March 1, 2013 for the 6th Floor, August 1, 2013 for the 5th Floor, and February 1, 2014 for the 0xx Xxxxx), except that if Lessee elects, in Lessee’s sole discretion to commence business operations from any portion of the 7th and 6th Floors prior to March 1, 2013, or from any portion of the 5th Floor prior to August 1, 2013, or from any portion of the 4th Floor prior to February 1, 2014, Lessee shall not be obligated to pay Base Rental for any such portion of the Premises in which LEASE – Instructuresaid fifteen (15) year period when gaming is not operated, Inc. OLD MILL BUILDING IV, LLC Lessee has commenced business operations (which Base Rental obligations shall not commence until the dates set forth in Addendum “A” to this Lease, but Lessee there shall be obligated a moratorium, in Base Rentals otherwise payable; provided, however, that during such moratorium if Ameristar elects at its option to pay a share cease to maintain and repair its adjacent Casino Property, Xxxxxxx may, at its option, assume responsibility for all maintenance and repairs of the Additional Rent corresponding entrances, exits, parking areas and landscaping on the Casino Property to the rentable square feet extent Xxxxxxx deems maintenance and repairs desirable in which Lessee has commenced business operations, determined by a fraction, connection with the numerator operation of which is the total rentable square feet in which Lessee has commenced business operations, and denominator of which is the total rentable square feet contained in the Xxxxxxx'x Building. By way of clarification, if Lessee commences business operations from a portion of the 7th floor consisting of 500 rentable square feet prior to Xxxxx 0, 0000, Xxxxxx shall be responsible for .0021 percent of the Additional Rent for the Building for the time period commencing on the first date Lessee’s use of that space for Lessee’s business operations, and ending on March 1, 2013, and then on Xxxxx 0, 0000, Xxxxxx’s obligation for Base Rental and Additional Rent shall be at set forth in this Lease. The Base Rental is calculated on the agreed rate of $25.00 per RSF of the Premises.

Base Rental. (a) Lessee hereby agrees to pay Lessor to the Lessor, without set off or its property manager at 0000 Xxxxx 0000 Xxxxdeduction whatsoever, Xxxxx #000 Xxxx Xxxx Xxxxa base annual rental ("Base Rental") in the sum of($1,020,048.00) in monthly installments of $85,004.00. Lessee shall also pay, Xxxx 00000 or as additional rent, all such other place sums of money as the shall become due from and payable by Lessee to Lessor may under this Lease (Base Rental, and adjustment thereto pursuant to Section 4 hereof and all such other sums of money due from time to time designate in a written notice delivered to Lessee, annual base rent for the time period and floors so specified in Addendum “A” 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 annual Base Rental Rental, together with any adjustment or increase thereto then in effect, shall be due and payable in monthly installments, to be paid advance in advance, without demand, deduction or offset, twelve (12) equal installments on the first (1st) day of each and every calendar month during the term hereof as set forth in Addendum “A” of this Lease, and Lessee hereby agrees so to this Lease (the term “Due Date”, with respect to pay such Base Rental and Estimated Additional Rent shall mean any adjustment or increase thereto to Lessor at Lessor's address provided herein (or such other address as my 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 (1st) day of a month or terminates on a day other than the calendar 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 term “Due Date” for any other sum due and payable from Lessee installment or installments so prorated shall be paid in advance. (b) All past due Installments of rent shall bear interest at the date(s) specified for such sums in the other provisions of this Lease). Lessee’s obligation to pay Base Rental and Additional Rental shall, as to each floor (or portion thereof, with respect to the 0xx Xxxxx) constituting the Premise’s, commence on the respective dates set forth in Addendum “A” to this Lease (namely, March 1, 2013 for the 7th Floor, March 1, 2013 for the 6th Floor, August 1, 2013 for the 5th Floor, and February 1, 2014 for the 0xx Xxxxx), except that if Lessee elects, in Lessee’s sole discretion to commence business operations from any portion of the 7th and 6th Floors prior to March 1, 2013, or from any portion of the 5th Floor prior to August 1, 2013, or from any portion of the 4th Floor prior to February 1, 2014, Lessee shall not be obligated to pay Base Rental for any such portion of the Premises in which LEASE – Instructure, Inc. OLD MILL BUILDING IV, LLC Lessee has commenced business operations (which Base Rental obligations shall not commence until the dates set forth in Addendum “A” to this Lease, but Lessee shall be obligated to pay a share of the Additional Rent corresponding to the rentable square feet in which Lessee has commenced business operations, determined by a fraction, the numerator of which is the total rentable square feet in which Lessee has commenced business operations, and denominator of which is the total rentable square feet contained in the Building. By way of clarification, if Lessee commences business operations from a portion of the 7th floor consisting of 500 rentable square feet prior to Xxxxx 0, 0000, Xxxxxx shall be responsible for .0021 percent of the Additional Rent for the Building for the time period commencing on the first date Lessee’s use of that space for Lessee’s business operations, and ending on March 1, 2013, and then on Xxxxx 0, 0000, Xxxxxx’s obligation for Base Rental and Additional Rent shall be at set forth in this Lease. The Base Rental is calculated on the agreed annual rate of $25.00 per RSF of 18% or the Premisesmaximum lawful rate whichever is lesser, until paid.

Base Rental. Lessee agrees Commencing on the Thirteenth Amendment Rent Commencement Date, Tenant shall pay to pay Lessor or its property manager at 0000 Xxxxx 0000 Xxxx, Xxxxx #000 Xxxx Xxxx Xxxx, Xxxx 00000 or such other place as the Lessor may from time to time designate in a written notice delivered to Lessee, annual base rent Landlord Base Rental for the time Expansion Premises (in addition to its Base Rental obligations for the original Premises), which shall be payable in monthly installments as set forth below. As used in this Section 3, “Expansion Year” means the 12 month period commencing on the Thirteenth Amendment Rent Commencement Date, and floors so specified in Addendum “A” to this Lease each consecutive 12 month period thereafter through the Expansion Expiration Date (and, therefore, the “Base Rental”final Expansion Year will contain less than 12 months). The 1 (1st 6 months after the Thirteenth Amendment Rent Commencement Date) $ [*] $ [*] * 1 (2nd 6 months) $ [*] $ [*] 2 $ [*] $ [*] 3 $ [*] $ [*] 4 $ [*] $ [*] 5 $ [*] $ [*] 6 $ [*] $ [*] 7 $ [*] $ [*] 8 $ [*] $ [*] 9 $ [*] $ [*] 10 $ [*] $ [*] * Such abatement shall apply solely to payment of the monthly installments of Base Rental and shall not be applicable to any other charges, expenses or costs payable by Tenant under the Lease or this Amendment, including but not limited to Tenant’s Percentage Share of Operating Expenses. Landlord and Tenant agree that the abatement of Base Rental in this Section is conditional and is made by Landlord in reliance upon Tenant’s faithful and continued performance of the terms, conditions and covenants of this Amendment and the Lease and the payment of all monies due Landlord hereunder. In the event that Tenant defaults under the terms and conditions of the Lease or this Amendment beyond any applicable notice and cure period resulting in the loss of Tenant’s right to possess the Total Premises, Landlord shall have a claim for the unamortized portion of all conditionally abated rental (without limitation and in addition to any and all other rights and remedies available to Landlord provided herein or at law and in equity). Except as otherwise expressly set forth herein, Base Rental shall be payable in monthly installments, pursuant to be paid in advance, without demand, deduction or offset, on the first day terms and conditions of each and every calendar month during the term hereof as set forth in Addendum “A” to this Lease (the term “Due Date”, with respect to Base Rental and Estimated Additional Rent shall mean the first day Article 2 of the calendar month, and the term “Due Date” for any other sum due and payable from Lessee shall be the date(s) specified for such sums in the other provisions of this Original Lease). Lessee’s obligation to pay Base Rental and Additional Rental shall, as to each floor (or portion thereof, with respect to the 0xx Xxxxx) constituting the Premise’s, commence on the respective dates set forth in Addendum “A” to this Lease (namely, March 1, 2013 for the 7th Floor, March 1, 2013 for the 6th Floor, August 1, 2013 for the 5th Floor, and February 1, 2014 for the 0xx Xxxxx), except that if Lessee elects, in Lessee’s sole discretion to commence business operations from any portion of the 7th and 6th Floors prior to March 1, 2013, or from any portion of the 5th Floor prior to August 1, 2013, or from any portion of the 4th Floor prior to February 1, 2014, Lessee shall not be obligated to pay Base Rental for any such portion of the Premises in which LEASE – Instructure, Inc. OLD MILL BUILDING IV, LLC Lessee has commenced business operations (which Base Rental obligations shall not commence until the dates set forth in Addendum “A” to this Lease, but Lessee shall be obligated to pay a share of the Additional Rent corresponding to the rentable square feet in which Lessee has commenced business operations, determined by a fraction, the numerator of which is the total rentable square feet in which Lessee has commenced business operations, and denominator of which is the total rentable square feet contained in the Building. By way of clarification, if Lessee commences business operations from a portion of the 7th floor consisting of 500 rentable square feet prior to Xxxxx 0, 0000, Xxxxxx shall be responsible for .0021 percent of the Additional Rent for the Building for the time period commencing on the first date Lessee’s use of that space for Lessee’s business operations, and ending on March 1, 2013, and then on Xxxxx 0, 0000, Xxxxxx’s obligation for Base Rental and Additional Rent shall be at set forth in this Lease. The Base Rental is calculated on the agreed rate of $25.00 per RSF of the Premises.