Base Rents. Base or fixed rents, licensee fees, service agreement fees and other fixed sums due under Leases (“Fixed Rent”) shall be adjusted on an if, as and when collected basis. With respect to any Tenant which has paid all Fixed Rent due and payable prior to the Closing Date, if, prior to the Closing Date, Seller shall have actually received and collected any installments or other amounts of Fixed Rent from such Tenant attributable to periods from and after the Closing Date, then, Purchaser shall receive a credit against the Purchase Price in the amount of such installments or other amounts of Fixed Rent at the Closing. If, on the Closing Date, any tenant, licensee or other occupant under a Lease (a “Tenant”) is in arrears in the payment of any Fixed Rent, then any amounts received by Seller or Purchaser from any such Tenant after the Closing on account of any Fixed Rent (net of reasonable out-of-pocket costs of collection, including reasonable attorneys fees and disbursements) shall be applied in the following order of priority: (i) first, apportioned between Purchaser and Seller for the month in which the Closing occurred; (ii) second, to Seller for the month prior to the month in which the Closing occurred; (iii) third, to Purchaser for any month or months following the month in which the Closing occurred, and (iv) fourth, to Seller for the period prior to the month preceding the month prior to the month in which the Closing occurred. If rents or any portion thereof received by Seller or Purchaser after the Closing are payable to the other party by reason of this allocation, the appropriate sum shall be promptly paid to the other party. In addition, if as of the Closing Date there exists any rent credit to a Tenant under any of the Leases, which relates to events prior to the Closing Date, but which is credited to periods following the Closing Date and not otherwise prorated hereunder, then the prorations in favor of Purchaser hereunder shall include an amount equal to the aggregate amount of all such credits applicable to any period or periods after the Closing Date. Purchaser shall be responsible for all free rent periods set forth on Schedule 5.1.5(2) and rental concessions with respect to periods following the Closing, except for those amounts paid by Seller pursuant to Section 3.2.7 (it being acknowledged that Tenant rent phase in periods and delayed commencement dates shall not constitute free rent periods and the effect thereof shall be borne by Purchase...
Base Rents. Buyer will receive a credit at Closing for all rents other than CAM Charges (hereinafter defined) collected by Seller prior to the Closing Date to the extent such rents are allocable to the period from and after the Closing Date based upon the actual number of days in the month. No credit shall be given Seller at Closing for accrued and unpaid rents other than CAM Charges until these sums are paid, and Seller shall retain the right to collect any such rent provided Seller does not xxx to evict any Tenants or terminate any Tenant Leases. Buyer shall cooperate with the Seller after the Closing Date to collect any rent under the Tenant Leases which has accrued as of the Closing Date; provided, however, Buyer shall not be obligated to xxx any Tenants or exercise any legal remedies under the Tenant Leases or to incur any expense over and above its own regular collection expenses. All rents other than CAM Charges collected from Tenants after the Closing Date by Buyer or Seller shall first be applied to the calendar month in which the Closing occurs (apportioned between Buyer and Seller), then to any rent due to Buyer for the period after the calendar month in which the Closing occurs and finally to any rent due to Seller for the periods prior to the calendar month in which the Closing occurs; provided, however, notwithstanding the foregoing, if Seller collects any payments from Tenants after the Closing Date through its own collection efforts, Seller may first apply such payments to rent due Seller for the period prior to the Closing Date.
Base Rents. (a) Tenant agrees to pay to Landlord, without any demand, setoff or reduction whatsoever, the Base Rental and all such other sums of money as shall become due hereunder as traditional rent, all of which are sometimes hereinafter collectively called "rent". In advance in equal monthly installments on the first day of each calendar month during the Lease Term to Landlord at Landlord's address provided herein (or such other address as may be designated by Landlord in writing from time to time). If the term of this Lease commences on a day other than the first day of a month or terminates on a day other than the last day of a month then the amount of the installments of Base Rental and any adjustments thereto for such month or months shall be prorated, based on the number of days the Lease is in effect during such month.
(b) All installments of rent not paid within five (5) days after the date when due shall bear interest at the rate of one and one-half percent (1-1/2%) per month, or the maximum rate permitted by law, whichever is lower.
Base Rents. Seller will credit on the Purchase Price that portion of all Base Rents (as that term is hereinafter defined) payable for the calendar month of closing, which are attributable to the period from and after the date of closing. Seller will be entitled to retain any Base Rents collected by it prior to or after the date of closing, which are attributable either to the month of closing or any months preceding the month of closing. If following the date of closing, Buyer collects Base Rents which are attributable to the period prior to the date of closing, then, except as otherwise expressly provided herein, Buyer will immediately pay such Base Rents to Seller. If following the date of closing, Seller collects Base Rents which are attributable to any month after the month of closing, then Seller will immediately pay such Base Rents to Buyer. Notwithstanding anything to the contrary contained herein, any Base Rents collected by Buyer from any tenant after the date of closing will first be applied by Buyer toward the payment of Base Rents owed to Buyer by
Base Rents. Tenant hereby agrees to pay rent for the Premises” the total sum of $ , which sum shall be payable in equal monthly installments of $ (Base Rent), in advance on the first of the month throughout the term of this Lease. The monthly installments for rent shall be made in full and without deduction. Should this tenancy commence on a day other than the first day of the month, the first full month’s rent shall be pro-rated so that all additional rental payments shall become due on the first day of each month. Prorated amount for start date of this lease is $ .
Base Rents. As of the Rent Commencement Date and continuing until the first anniversary of the Rent Commencement Date, the annual Base Rent, with respect to Suite 500, to be paid by Tenant to Landlord shall be $403,891.10 in equal monthly installments of $33,657.59. As of the first anniversary of the Rent Commencement Date and continuing until the second anniversary of the Rent Commencement Date, the annual Base Rent, with respect to Suite 500, to be paid by Tenant to Landlord shall be $414,354.60 in equal monthly installments of $34,529.55. As of the second anniversary of the Rent Commencement Date and continuing through November, 2000, the annual Base Rent, with respect to Suite 500, to be paid by Tenant to Landlord shall be $424,818.10 in equal monthly installments of $35,401.51. The above stated Base Rent per rentable square foot for Suite 500 includes Landlord's estimate of the 1998 ("BASE YEAR") Taxes in the amount of $2.54 per rentable square foot ("BASE YEAR TAXES") and Operating Expenses in the amount of $5.76 per rentable square foot ("BASE YEAR OPERATING EXPENSES"), all of which are adjustable as described in Paragraph 3 of the Lease. In addition, Tenant shall pay to Landlord for the approximately 54,130 rentable square feet on the 18th, 4th and 3rd floors of the Building those rents as described in the Lease dated August 11, 1995 as previously amended by the First Amendment and the Second Amendment, including all adjustments as described in Paragraph 3 of said Lease.
Base Rents. During the initial five (5) year lease term, Tenant shall pay to Landlord the following Base Rents on the first day of each month: $147,205.56 per year in equal monthly installments of $12,267.13, calculated at the rate of $9.75 per one Gross Leaseable Square Foot, which is the Net Useable Square Feet plus 0%. Base rent includes a tenant fit up allowance of $191,077.31. If this allowance is not exhausted prior to Tenant occupancy, any remaining balance may be used prior to December 31, 2001. Landlord agrees, if tenant so desires to spend up to an additional $50,000 for tenant fit up. Base rent shall be adjusted upward based on a 5 year amortization at 10% interest (ie if landlord contributes full $50,000 the annual lease rate will increase by approximately $.82 per square foot).
Base Rents. Dates Suite Sq. Ft. Rate Monthly
Base Rents. As of the Rent Commencement Date and continuing until the first anniversary of the Rent Commencement Date, the annual Base Rent, with respect to Suite 500, to be paid by Tenant to Landlord shall be $394,400 in equal monthly installments of $32,866.67. As of the first anniversary of the Rent Commencement Date and continuing until the second anniversary of the Rent Commencement Date, the annual Base Rent, with respect to Suite 500, to be paid by Tenant to Landlord shall be $412,311 in equal monthly installments of $34,359.27. As of the second anniversary of the Rent Commencement Date and continuing until the third anniversary of the Rent Commencement Date, the annual Base Rent, with respect to Suite 500, to be paid by Tenant to Landlord shall be $430,222 in equal monthly installments of $35,851.
Base Rents. 28 Bergner...........................................................................................................3
