Common use of Basic Lease Provisions and Definitions Clause in Contracts

Basic Lease Provisions and Definitions. A. Leased Premises (shown outlined on Exhibit A attached hereto): Suite: 100; Building Address: Woodland V, 7000 Xxxxxxxxxxx Xxx, Xxxxxxxxxxxx, Xxxxxxx 00000 ("Building"), located on the land identified on Exhibit A-1 (the "Land") within Interactive Intelligence Corporate Park (the “Park”); B. Rentable Area: approximately 120,000 rentable square feet; Landlord shall use the standards described in the Standard Method for Mxxxxxxxx Xxxxx Xxxx xx Xxxxxx Xxxxxxxxx, XXX0X00.0-0000, as promulgated by the Building Owners and Managers Association International (BOMA), consistently applied, in determining the Rentable Area and the rentable area of the Building. The Rentable Area shall include the area within the Leased Premises plus a pro rata portion of the area covered by the common areas within the Building, as reasonably determined by Landlord prior to the Occupancy Date, as hereinafter defined. Landlord's determination of Rentable Area made in good faith shall presumptively be deemed correct for all purposes hereunder; provided, however, Tenant shall have the right, at any time prior to the Commencement Date, to have the Leased Premises and Building measured by Tenant's architect and, in the event of a disparity of or dispute to Landlord's measurement, either (a) Landlord and Tenant shall mutually agree on the Rentable Area of the Leased Premises and the rentable area of the Building, or (b) Landlord and Tenant shall agree to have the Leased Premises and Building measured by an independent architect mutually agreed upon by Landlord and Tenant, in which event Landlord and Tenant agree to abide by such certified remeasurement. If the rentable square footage of the Leased Premises/Building, as measured by said independent architect, is one thousand (1,000) feet or more smaller than Landlord's determination of the rentable square footage of the Leased Premises/Building, then the costs of said independent architect shall be borne by Landlord, otherwise said costs shall be borne by Tenant. Upon determination of the actual Rentable Area of the Leased Premises and rentable area of the Building, the Minimum Annual Rent and all other rents payable by Tenant hereunder shall be adjusted to reflect the actual square footage. C. Building Expense Percentage: 100%; D. Minimum Annual Rent: Effective Date – March 31, 2018 April 1, 2018 – March 31, 2019 $2,712,000.00 per year $2,430,000.00 per year April 1, 2019 – March 31, 2020 $2,491,200.00 per year April 1, 2020 – March 31, 2021 $2,553,600.00 per year April 1, 2021 – March 31, 2022 $2,617,200.00 per year April 1, 2022 – March 31, 2023 $2,682,000.00 per year April 1, 2023 – March 31, 2024 $2,749,200.00 per year April 1, 2024 – March 31, 2025 $2,817,600.00 per year April 1, 2025 – June 30, 2025* $2,888,400.00 per year E. Monthly Rental Installments: Effective Date – March 31, 2018 April 1, 2018 – March 31, 2019 $226,000.00 per month $202,500.00 per month April 1, 2019 – March 31, 2020 $207,600.00 per month April 1, 2020 – March 31, 2021 $212,800.00 per month April 1, 2021 – March 31, 2022 $218,100.00 per month April 1, 2022 – March 31, 2023 $223,500.00 per month April 1, 2023 – March 31, 2024 $229,100.00 per month April 1, 2024 – March 31, 2025 $234,800.00 per month April 1, 2025 – June 30, 2025* $240,700.00 per month F. Term: Effective Date – June 30, 2025* *(Landlord and Tenant hereby acknowledge and agree that, if necessary, this Lease shall be extended to be coterminous with that certain build-to-suit lease executed simultaneously with this Lease whereby Landlord shall construct a building commonly known as Woodland VII whereby Tenant will lease approximately 112,500 rentable square feet for a term of ten (10) years (the “Woodland VII Lease”). The rent for any extension shall be at the same rate Tenant is paying during the last year of the Lease Term and Landlord and Tenant shall execute an amendment to this Lease reflecting said extension);

Appears in 1 contract

Samples: Office Lease (Interactive Intelligence Group, Inc.)

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Basic Lease Provisions and Definitions. A. Leased Premises (shown outlined in red on Exhibit EXHIBIT A attached hereto): Suite: 100; Floor: ; Building Address: Woodland V, 7000 Xxxxxxxxxxx Xxx, Xxxxxxxxxxxx, Xxxxxxx 00000 Corporate Park ("Building"), located on the land identified on Exhibit EXHIBIT A-1 (the "Land") within Interactive Intelligence Corporate Park (the “Park”); B. Rentable Area: approximately 120,000 180,000 rentable square feet; Landlord shall use the standards described in the Standard Method for Mxxxxxxxx Xxxxxxxxx Xxxxx Xxxx xx Xxxxxx Xxxxxxxxx, XXX0X00.0-0000, as promulgated by the Building Owners and Managers Association International (BOMA), consistently applied, in determining the Rentable Area and the rentable area of the Building. The Rentable Area shall include the area within the Leased Premises plus a pro rata portion of the area covered by the common areas within the Building, as reasonably determined by Landlord prior to the Occupancy Date, as hereinafter defined. Landlord's determination of Rentable Area made in good faith shall presumptively be deemed correct for all purposes hereunder; provided, however, Tenant shall have the right, at any time prior to the Commencement Date, to have the Leased Premises and Building measured by Tenant's architect and, in the event of a disparity of or dispute to Landlord's measurement, either (a) Landlord and Tenant shall mutually agree on the Rentable Area of the Leased Premises and the rentable area of the Building, or (b) Landlord and Tenant shall agree to have the Leased Premises and Building measured by an independent architect mutually agreed upon by Landlord and Tenant, in which event Landlord and Tenant agree to abide by such certified remeasurement. If the rentable square footage of the Leased Premises/Building, as measured by said independent architect, is one thousand (1,000) feet or more smaller than Landlord's determination of the rentable square footage of the Leased Premises/Building, then the costs of said independent architect shall be borne by Landlord, otherwise said costs shall be borne by Tenant. Upon determination of the actual Rentable Area of the Leased Premises and rentable area of the Building, the Minimum Annual Rent and all other rents payable by Tenant hereunder shall be adjusted to reflect the actual square footage. C. Building Expense Percentage: 100%; D. Minimum Annual Rent: Effective Date – March 31, 2018 April 1, 2018 – March 31, 2019 Years 1 - 5 $2,712,000.00 2,826,000.00 per year Years 6 - 10 $2,430,000.00 3,240,000.00 per year April 1, 2019 – March 31, 2020 Years 11 - 15 $2,491,200.00 per year April 1, 2020 – March 31, 2021 $2,553,600.00 per year April 1, 2021 – March 31, 2022 $2,617,200.00 per year April 1, 2022 – March 31, 2023 $2,682,000.00 per year April 1, 2023 – March 31, 2024 $2,749,200.00 per year April 1, 2024 – March 31, 2025 $2,817,600.00 per year April 1, 2025 – June 30, 2025* $2,888,400.00 3,870,000.00 per year E. Monthly Rental Installments: Effective Date – March 31, 2018 April 1, 2018 – March 31, 2019 Months 1 - 60 $226,000.00 235,500.00 per month Months 61 - 120 $202,500.00 270,000.00 per month April 1, 2019 – March 31, 2020 Months 121 - 180 $207,600.00 per month April 1, 2020 – March 31, 2021 $212,800.00 per month April 1, 2021 – March 31, 2022 $218,100.00 per month April 1, 2022 – March 31, 2023 $223,500.00 per month April 1, 2023 – March 31, 2024 $229,100.00 per month April 1, 2024 – March 31, 2025 $234,800.00 per month April 1, 2025 – June 30, 2025* $240,700.00 322,500.00 per month F. Term: Effective Date – June 30, 2025Fifteen (15) years and zero (0) months; _______________________ * *(Landlord and Tenant hereby acknowledge and agree that, if necessary, this Lease shall be extended to be coterminous with that certain build-to-suit lease executed simultaneously with this Lease whereby completed when address is established for the Building) ** (to be adjusted by Landlord shall construct a building commonly known as Woodland VII whereby Tenant will lease approximately 112,500 rentable to reflect actual square feet for a term of ten (10) years (the “Woodland VII Lease”). The rent for any extension shall be at the same rate Tenant is paying during the last year footage after construction of the Lease Term Building and Landlord and Tenant shall execute an amendment to this Lease reflecting said extensionthe Leased Premises is completed);

Appears in 1 contract

Samples: Office Lease Agreement (Interactive Intelligence Inc)

Basic Lease Provisions and Definitions. A. Leased Premises (shown outlined in red on Exhibit A attached hereto): Suite: 100____; Floor: ____; Building Address: Woodland V, 7000 Xxxxxxxxxxx Xxx, Xxxxxxxxxxxx, Xxxxxxx 00000 Corporate Park ("Building"), located on the land identified on Exhibit A-1 (the "Land") within Interactive Intelligence Corporate Park (the “Park”); B. Rentable Area: approximately 120,000 180,000 rentable square feet; Landlord shall use the standards described in the Standard Method for Mxxxxxxxx Xxxxxxxxx Xxxxx Xxxx xx Xxxxxx Xxxxxxxxx, XXX0X00.0-0000, as promulgated by the Building Owners and Managers Association International (BOMA), consistently applied, in determining the Rentable Area and the rentable area of the Building. The Rentable Area shall include the area within the Leased Premises plus a pro rata portion of the area covered by the common areas within the Building, as reasonably determined by Landlord prior to the Occupancy Date, as hereinafter defined. Landlord's determination of Rentable Area made in good faith shall presumptively be deemed correct for all purposes hereunder; provided, however, Tenant shall have the right, at any time prior to the Commencement Date, to have the Leased Premises and Building measured by Tenant's architect and, in the event of a disparity of or dispute to Landlord's measurement, either (a) Landlord and Tenant shall mutually agree on the Rentable Area of the Leased Premises and the rentable area of the Building, or (b) Landlord and Tenant shall agree to have the Leased Premises and Building measured by an independent architect mutually agreed upon by Landlord and Tenant, in which event Landlord and Tenant agree to abide by such certified remeasurement. If the rentable square footage of the Leased Premises/Building, as measured by said independent architect, is one thousand (1,000) feet or more smaller than Landlord's determination of the rentable square footage of the Leased Premises/Building, then the costs of said independent architect shall be borne by Landlord, otherwise said costs shall be borne by Tenant. Upon determination of the actual Rentable Area of the Leased Premises and rentable area of the Building, the Minimum Annual Rent and all other rents payable by Tenant hereunder shall be adjusted to reflect the actual square footage. C. Building Expense Percentage: 100%; D. Minimum Annual Rent: Effective Date Years 1 March 31, 2018 April 1, 2018 – March 31, 2019 5 $2,712,000.00 2,826,000.00 per year Years 6 – 10 $2,430,000.00 3,240,000.00 per year April 1, 2019 – March 31, 2020 Years 11 - 15 $2,491,200.00 per year April 1, 2020 – March 31, 2021 $2,553,600.00 per year April 1, 2021 – March 31, 2022 $2,617,200.00 per year April 1, 2022 – March 31, 2023 $2,682,000.00 per year April 1, 2023 – March 31, 2024 $2,749,200.00 per year April 1, 2024 – March 31, 2025 $2,817,600.00 per year April 1, 2025 – June 30, 2025* $2,888,400.00 3,870,000.00 per year E. Monthly Rental Installments: Effective Date Months 1 March 31, 2018 April 1, 2018 – March 31, 2019 $226,000.00 60 $ 235,500.00 per month $202,500.00 Months 61 – 120 $ 270,000.00 per month April 1, 2019 Months 121 March 31, 2020 $207,600.00 180 $ 322,500.00 per month April 1, 2020 – March 31, 2021 $212,800.00 per month April 1, 2021 – March 31, 2022 $218,100.00 per month April 1, 2022 – March 31, 2023 $223,500.00 per month April 1, 2023 – March 31, 2024 $229,100.00 per month April 1, 2024 – March 31, 2025 $234,800.00 per month April 1, 2025 – June 30, 2025* $240,700.00 per month(to be completed when address is established for the Building) ** (to be adjusted by Landlord to reflect actual square footage after construction of the Building and the Leased Premises is completed) F. Term: Effective Date – Fifteen (15) years and zero (0) months; G. Target Commencement Date: June 301, 2025* *(2002 Target Occupancy Date: May 1, 2002; H. Security Deposit: None; I. Broker: Duke-Weeks Realty Limited Partnership representing Landlord and Tenant hereby acknowledge and agree that, if necessary, this Lease shall be extended to be coterminous with that certain build-to-suit lease executed simultaneously with this Lease whereby Landlord shall construct a building commonly known as Woodland VII whereby Tenant will lease approximately 112,500 rentable square feet for a term of ten (10) years (the “Woodland VII Lease”). The rent for any extension shall be at the same rate Tenant is paying during the last year of the Lease Term and Landlord and Tenant shall execute an amendment to this Lease reflecting said extension)none representing Tenant;

Appears in 1 contract

Samples: Office Lease Agreement (Interactive Intelligence Inc)

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Basic Lease Provisions and Definitions. A. Leased Premises (shown outlined on Exhibit A attached hereto): Suite: 100; Building Address: Woodland VI, 7000 0000 Xxxxxxxxxxx Xxx, Xxxxxxxxxxxx, Xxxxxxx 00000 ("Building"), located on the land identified on Exhibit A-1 (the "Land") within Interactive Intelligence Corporate Park (the “Park”); B. Rentable Area: approximately 120,000 56,862 rentable square feet; Landlord shall use the standards described in the Standard Method for Mxxxxxxxx Xxxxxxxxx Xxxxx Xxxx xx Xxxxxx Xxxxxxxxx, XXX0X00.0-0000, as promulgated by the Building Owners and Managers Association International (BOMA), consistently applied, in determining the Rentable Area and the rentable area of the Building. The Rentable Area shall include the area within the Leased Premises plus a pro rata portion of the area covered by the common areas within the Building, as reasonably determined by Landlord prior to the Occupancy Date, as hereinafter defined. Landlord's determination of Rentable Area made in good faith shall presumptively be deemed correct for all purposes hereunder; provided, however, Tenant shall have the right, at any time prior to the Commencement Date, to have the Leased Premises and Building measured by Tenant's architect and, in the event of a disparity of or dispute to Landlord's measurement, either (a) Landlord and Tenant shall mutually agree on the Rentable Area of the Leased Premises and the rentable area of the Building, or (b) Landlord and Tenant shall agree to have the Leased Premises and Building measured by an independent architect mutually agreed upon by Landlord and Tenant, in which event Landlord and Tenant agree to abide by such certified remeasurement. If the rentable square footage of the Leased Premises/Building, as measured by said independent architect, is one thousand (1,000) feet or more smaller than Landlord's determination of the rentable square footage of the Leased Premises/Building, then the costs of said independent architect shall be borne by Landlord, otherwise said costs shall be borne by Tenant. Upon determination of the actual Rentable Area of the Leased Premises and rentable area of the Building, the Minimum Annual Rent and all other rents payable by Tenant hereunder shall be adjusted to reflect the actual square footage. C. Building Expense Percentage: 10071.99%; D. Minimum Annual Rent: Effective Date – March 31, 2018 April 1, 2018 – March 31, 2019 $2,712,000.00 per year $2,430,000.00 per year April 1, 2019 – March 31, 2020 $2,491,200.00 per year April 1, 2020 – March 31, 2021 $2,553,600.00 per year April 1, 2021 – March 31, 2022 $2,617,200.00 per year April 1, 2022 – March 31, 2023 $2,682,000.00 per year April 1, 2023 – March 31, 2024 $2,749,200.00 per year April 1, 2024 – March 31, 2025 $2,817,600.00 per year April 1, 2025 – June 30, 2025* $2,888,400.00 per year E. Monthly Rental Installments: Effective Date – March 31, 2018 April 1, 2018 – March 31, 2019 $226,000.00 per month $202,500.00 per month April 1, 2019 – March 31, 2020 $207,600.00 per month April 1, 2020 – March 31, 2021 $212,800.00 per month April 1, 2021 – March 31, 2022 $218,100.00 per month April 1, 2022 – March 31, 2023 $223,500.00 per month April 1, 2023 – March 31, 2024 $229,100.00 per month April 1, 2024 – March 31, 2025 $234,800.00 per month April 1, 2025 – June 30, 2025* $240,700.00 per month F. Term: Effective Date – June 30, 2025* *(Landlord and Tenant hereby acknowledge and agree that, if necessary, this Lease shall be extended to be coterminous with that certain build-to-suit lease executed simultaneously with this Lease whereby Landlord shall construct a building commonly known as Woodland VII whereby Tenant will lease approximately 112,500 rentable square feet for a term of ten (10) years (the “Woodland VII Lease”). The rent for any extension shall be at the same rate Tenant is paying during the last year of the Lease Term and Landlord and Tenant shall execute an amendment to this Lease reflecting said extension);:

Appears in 1 contract

Samples: Office Lease (Interactive Intelligence Group, Inc.)

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