Computation of Basic Rent. The Basic Rent for each Lease Year shall be as stated in Article 1.01 hereof. Basic Rent shall be exclusive of (and in addition to) amounts due hereunder for Taxes and Operating Expenses.
Computation of Basic Rent. The Basic Rent for each of the first ____5____ Lease Years shall be stated in Article 1.01 hereof. Basic Rent so determined shall be exclusive of (and in addition to) amounts due hereunder for Tenants share of Taxes and Operating Expenses. Tenant shall pay for its own electricity and be billed directly by electric company.
Computation of Basic Rent. The Basic Rent for the first Lease Year shall be as stated in Article 1.01 hereof.
Computation of Basic Rent. Utilisation and Fixed Rental Program: The Basic Rent payable on each Basic Rent Payment Date shall be $50,000 per month ("Fixed Rent"). Basic Rent during each Fixed Rent Period shall be paid in advance on the relevant Basic Rent Payment Date. For example, for a Basic Rent Period commencing on December 1, 2002 and ending on December 31, 2002, the applicable Basic Rent Payment Date will be December 1, 2002. Where any Basic Rent Period in which Fixed Rent is payable is more or less than a full month, the Basic Rent payable on the applicable Basic Rent Payment Date shall be prorated based on the actual number of days in such Basic Rent Period and a month of thirty (30) days. Schedule 4 Form of Certificate of Acceptance THIS CERTIFICATE OF ACCEPTANCE is dated [ ], 2002, (this "Certificate of Acceptance"), between XXXXX FARGO BANK NORTHWEST, NATIONAL ASSOCIATION ("Lessor") and UNITED BREWERIES HOLDINGS, LTD. ("Lessee").
Computation of Basic Rent. The Basic Rent for each of the first five (5) Lease Years shall be as stated in Article 1.01 hereof. Notwithstanding the preceding sentence, no Basic Rent shall be due or payable hereunder, nor shall any Basic Rent accrue, prior to the Rent Commencement Date. The Basic Rent for each Lease Year in the Extension Period shall be the greater of (i) Basic Rent stated in Article 1.01 hereof, or (ii) the Fair Rental Value thereof determined in accordance with Section 3.03 hereof. Basic Rent so determined shall be exclusive of (and in addition to) amounts due hereunder for Taxes, Operating Expenses and estimated costs of electrical service.
Computation of Basic Rent. The Basic Rent for the current extension of the Lease Term shall be the sum of $94,500 per annum.
Computation of Basic Rent. Basic Rent shall be due and payable hereunder in the following amounts:
(a) for each of the first two (2) Lease Years in the Initial Term, $13.50 per rentable square foot of area per Lease Year ($104,436.00 per Lease Year), in installments of $8,703.00 per month;
(b) for each of the remaining three (3) Lease Years in the Initial Term, $16.00 per rentable square foot of area per Lease Year ($123,776.00 per Lease Year), in installments of $10,314.67 per month; and
(c) for each Lease Year in the Extension Term, an amount equal to the "Fair Market Rent" (as defined in Section 3.3 below) of the Premises as of the first day of the Extension Term.
Computation of Basic Rent. The Basic Rent for each the Lease Years shall be stated in Article 1.01 hereof. Basic Rent so determined shall be exclusive of (and in addition to) amounts due hereunder for Taxes, Operating Expenses and Estimated Cost of Electrical Service.
Computation of Basic Rent. Basic Rent shall be due and payable hereunder during the Initial Term and any Extension Term in the amount of $1,000,008 per Lease Year, in installments of $83,334 per month, except that Basic Rent for the first Lease Year shall be $750,006 because of the three month rent free period at the beginning of the Initial Term; PROVIDED THAT, if Lessee exercises its option to lease additional space (the "Additional Space") under Section 1.3 or its right of first refusal therefor under Section 1.4, Basic Rent shall be increased by $240,300 per Lease Year if exercised with respect to the third floor only or by $489,950 per Lease Year if exercised with respect to both the third and fourth floors, commencing on the date of occupancy and subject to adjustment during any Extension Term as follows: for each Extension Term annual Basic Rent applicable to the Additional Space shall be adjusted at the commencement date as follows:
(i) The index used for calculation of any adjustment shall be the official Consumer's Price Index, Boston Area, all items, (1982-1984 = 100) published by the Bureau of Labor Statistics, U.S. Department of Labor, or its successor index should the Department of Labor cease publishing the CPI.
(ii) Annual Basic Rent applicable to the Additional Space for each Extension Term shall be the annual Basic Rent therefor for the preceding five years of the Term plus an additional amount as determined in paragraph (iii).
(iii) The index for the month of November immediately preceding the termination of the Initial Term or the First Commencement Term as applicable shall be compared to the index for the same month immediately preceding the commencement of such five year term. The numerator shall be the index for the later year and the denominator shall be the index for the earlier year. The result shall be multiplied by the current annual Basic Rent for the Additional Space to determine the new annual Basic Rent therefor.
Computation of Basic Rent. 16 4.03 (Deleted)...........................................................................16 4.04 Resolution of Disputes with Respect to Fair Rental Value Arbitration................16
