Common use of Basic Annual Rent Clause in Contracts

Basic Annual Rent. 4.1 From January 1, 2011 through June 30, 2012, the Basic Annual Rent for the Premises shall be One Dollar and 75/100 ($1.75) per rentable square foot per month on a triple net basis. 4.2 In the event Landlord delivers the Additional Premises in the Required Condition on the Additional Premises Delivery Date, the Basic Annual Rent set forth in the table below shall apply to the Total Premises throughout the remainder of the initial Term and the Extension Term. July 1, 2012 - December 31, 2013 $1.85 NNN January 1, 2014 - December 31, 2014 $2.15 NNN January 1, 2015 - December 31, 2015 $2.25 NNN January 1, 2016 - December 31, 2016 $2.35 NNN January 1, 2017 - December 31, 2017 $2.45 NNN January 1, 2018 - December 31, 2018 $2.50 NNN January 1, 2019 - December 31, 2019 $2.55 NNN January 1, 2020 - December 31, 2020 $2.57 NNN 4.3 In the event Landlord does not deliver the Additional Premises in the Required Condition on the Additional Premises Delivery Date, the Basic Annual Rent set forth in the table below shall apply to the Premises throughout the remainder of the initial Term and the Extension Term. July 1, 2012 - December 31, 2013 $1.85 NNN January 1, 2014 - December 31, 2014 $2.05 NNN January 1, 2015 - December 31, 2015 $2.15 NNN January 1, 2016 - December 31, 2016 $2.25 NNN January 1, 2017 - December 31, 2017 $2.35 NNN January 1, 2018 - December 31, 2018 $2.40 NNN January 1, 2019 - December 31, 2019 $2.45 NNN January 1, 2020 - December 31, 2020 $2.50 NNN

Basic Annual Rent. 4.1 From January 1, 2011 through June 30, 2012, the Basic Annual Rent for the Premises shall be One Dollar and 75/100 ($1.75) per rentable square foot per month on a triple net basis. 4.2 In the event Landlord delivers the Additional Premises in the Required Condition on the Additional Premises Delivery Date, the Basic Annual Rent set forth in the table below shall apply to the Total Premises throughout the remainder of the initial Term and the Extension Term. July 1, 2012 - December 31, 2013 $$ 1.85 NNN January 1, 2014 - December 31, 2014 $$ 2.15 NNN January 1, 2015 - December 31, 2015 $$ 2.25 NNN January 1, 2016 - December 31, 2016 $$ 2.35 NNN January 1, 2017 - December 31, 2017 $$ 2.45 NNN January 1, 2018 - December 31, 2018 $$ 2.50 NNN January 1, 2019 - December 31, 2019 $$ 2.55 NNN January 1, 2020 - December 31, 2020 $$ 2.57 NNN NNN 4.3 In the event Landlord does not deliver the Additional Premises in the Required Condition on the Additional Premises Delivery Date, the Basic Annual Rent set forth in the table below shall apply to the Premises throughout the remainder of the initial Term and the Extension Term. July 1, 2012 - December 31, 2013 $1.85 NNN January 1, 2014 - December 31, 2014 $2.05 NNN January 1, 2015 - December 31, 2015 $2.15 NNN January 1, 2016 - December 31, 2016 $2.25 NNN January 1, 2017 - December 31, 2017 $2.35 NNN January 1, 2018 - December 31, 2018 $2.40 NNN January 1, 2019 - December 31, 2019 $2.45 NNN January 1, 2020 - December 31, 2020 $2.50 NNN.