Common use of Basic Monthly Rent Clause in Contracts

Basic Monthly Rent. Upon Tenant’s execution of the Lease, Tenant shall prepay one full month of Basic Monthly Rent to be applied to the first installment(s) thereof due hereunder. Thereafter, Tenant covenants and promises to pay to Landlord for the Premises, commencing on the sooner of October 15, 2005 or the Commencement Date, the Basic Monthly Rent without deduction or demand or set off whatsoever, in lawful money of the United States of America, in advance on the first day of each calendar month during the Term hereof, to and at the office of Bernstein Management Corporation (the “Agent”), 5301 Wisconsin Avenue, NW, Suite 600, Washington, DC 20015, or at such other place as Lxxxxxxx xay from time to time designate to Tenanx xx xxxxxxx. Xx xxxxxxxx xx xxx Xxxxx Xxxxxxx Xxxx, Xxxxxt shall pay all Additional Rent and other amounts payable hereunder in lawful money of the United States of America, each without set-off, deduction, offset or counterclaim, in accordance with the terms set forth herein. Except as specified elsewhere in this Lease, Additional Rent shall be paid by Tenant with the next monthly installment of Basic Monthly Rent falling due. Rent checks shall be made payable to Bernstein Management Corporation, or to such other party as Landlord shall direct. Should the Commencement Date fall on a day other than xxx xxxxt day of a calendar month or the Term expire on a day other than the last day of a calendar month, the parties agree that the monthly rental for such partial calendar month in the Term shall be pro-rated. The basic monthly rent (“Basic Monthly Rent”) is payable monthly as follows:

Basic Monthly Rent. Upon Tenant’s execution of the Lease, Tenant shall prepay one full month of Basic Monthly Rent to be applied to the first installment(s) thereof due hereunder. Thereafter, Tenant covenants and promises to pay to Landlord for the Premises, commencing on the sooner of October 15, 2005 or the Commencement Date, the Basic Monthly Rent without deduction or demand or set off whatsoever, in lawful money of the United States of America, in advance on the first day of each calendar month during the Term hereof, to and at the office of Bernstein Xxxxxxxxx Management Corporation (the “Agent”), 5301 Wisconsin Avenue0000 Xxxxxxxxx Xxxxxx, NWXX, Suite 600Xxxxx 000, WashingtonXxxxxxxxxx, DC 20015XX 00000, or at such other place as Lxxxxxxx xay Landlord may from time to time designate to Tenanx xx xxxxxxxTenant in writing. Xx xxxxxxxx xx xxx Xxxxx Xxxxxxx XxxxIn addition to the Basic Monthly Rent, Xxxxxt Tenant shall pay all Additional Rent and other amounts payable hereunder in lawful money of the United States of America, each without set-off, deduction, offset or counterclaim, in accordance with the terms set forth herein. Except as specified elsewhere in this Lease, Additional Rent shall be paid by Tenant with the next monthly installment of Basic Monthly Rent falling due. Rent checks shall be made payable to Bernstein Xxxxxxxxx Management Corporation, or to such other party as Landlord shall direct. Should the Commencement Date fall on a day other than xxx xxxxt the first day of a calendar month or the Term expire on a day other than the last day of a calendar month, the parties agree that the monthly rental for such partial calendar month in the Term shall be pro-rated. The basic monthly rent (“Basic Monthly Rent”) is payable monthly as follows:: Rental Period Xxxxx 000 Xxxxx 000 Total Rent Lease Year 1 $169.88 per month $10,125. 00 per month $10,294.88 per month Lease Year 2 $174.97 per month $10,428.75 per month $10,603.72 per month Lease Year 3 $180.22 per month $10,741.61 per month $10,921.83 per month Lease Year 4 $185.63 per month $11,063.86 per month $11,249.49 per month Lease Year 5 $191.20 per month $11,395.78 per month $11,586.98 per month The foregoing amounts of Basic Monthly Rent are subject to modification in the event that Tenant elects to obtain the Amortized Allowance, in which event, Tenant, upon Landlord’s request, shall execute within five (5) days of request a Declaration furnished by Landlord confirming the revised Basic Monthly Rent; provided however, that in no event shall any amount of the Amortized Allowance amortized into the Basic Monthly Rent be abated. For purposes of the above rent schedule, the Lease Year 1 shall mean the period commencing on the Commencement Date, and ending on last day of the month in which the first anniversary date of the Commencement Date occurs, and each subsequent Lease Year shall be the 12-month period thereafter.

Basic Monthly Rent. Upon Tenant’s 's execution of the Lease, Tenant shall prepay one full month of Basic Monthly Rent to be applied to the first installment(s) thereof due hereunderhereunder (i.e. a full monthly installment for the entire Premises). Thereafter, Tenant covenants and promises to pay to Landlord for the Premises, commencing on the sooner of October 15, 2005 or the Commencement Date, the Basic Monthly Rent without deduction or demand or set off whatsoever, in lawful money of the United States of America, in advance on the first day of each calendar month during the Term hereof, to and at the office of Bernstein Management Corporation (the “"Agent”"), 5301 Wisconsin AvenueAvenxx XX, NW, Suite Xxite 600, Washington, DC 20015, or at such other place as Lxxxxxxx xay from time sxxx xxxxx xxxxx xx Xxxxxxxx xxx xxxx xxxx xx xxxx xxxxxxxxe to time designate Tenant in writing. In addition to Tenanx xx xxxxxxx. Xx xxxxxxxx xx xxx Xxxxx Xxxxxxx Xxxxthe Basic Monthly Rent, Xxxxxt Tenant shall pay all Additional Rent and other amounts payable hereunder in lawful money of the United States of America, each without set-off, deduction, offset or counterclaim, in accordance with the terms set forth herein. Except as specified elsewhere in this Lease, Additional Rent shall be paid by Tenant with the next monthly installment of Basic Monthly Rent falling due. Rent checks shall be made payable to Bernstein Management Corporation, or to such other party as Landlord shall Landlxxx xxxxx direct. Should the Commencement Date fall on a day other than xxx xxxxt the first day of a calendar month or the Term expire on a day other than the last day of a calendar month, the parties agree that the monthly rental for such partial calendar month in the Term shall be pro-rated. The basic monthly rent (“"Basic Monthly Rent”") is payable monthly as follows:: Premises A Premises B Total Basic Monthly Rent ---------- ---------- ------------------------ February 1, 2011 - April 30, 2011 Abated N/A Abated May 1, 2011 - January 3 1,2012 Abated Abated Abated February 1, 2012 - January 31, 2013 $5,765.84 per month $4, 160.90 per month $9,926.74 per month February 1, 2013 - January 31, 2016 $6,716.91 per month $4,847.23 per month $11, 564. 14 per month February 1, 2016 -January 31, 2019 $7,275.66 per month $5,250.45 per month $12,526.11 per month February 1, 2019 -January 31, 2021 $7,870.08 per month $5,679.41 per month $13,549.49 per month In the event that any portion of the Term falls beyond the ending date in the chart above, the Basic Monthly Rent applicable for such portion shall be the Basic Monthly Rent for the last period listed. escalated at the same rate as the Basic Monthly Rent for such last period was escalated; provided, however, that Basic Monthly Rent for any extension or renewal term shall be determined in accordance with the extension or renewal provisions.