Computation of Commissions. Commissions shall be computed in accordance with the above rates based upon the "Minimum Base Rent" set forth in the lease, as follows: (a) The term "Minimum Base Rent" shall mean the fixed minimum annual rent for any given year (which includes Landlord's stipulated base operating expenses and taxes and also includes any rent due for must-take space in years in which rent on such space is due) provided in the lease for office space or commercial plaza space, excluding any and all other additional rent (such as, but not limited to, operating expense escalations, tax escalations, payments for tenant improvements in excess of building standing provided by Landlord, percentage rent, cost-of-living escalation or parking).
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Samples: Property Management and Leasing Agreement (Maguire Properties Inc), Property Management and Leasing Agreement (Maguire Properties Inc)
Computation of Commissions. Commissions shall be computed in accordance with the above rates based upon the "“Minimum Base Rent" ” set forth in the lease, as follows:
(a) The term "“Minimum Base Rent" ” shall mean the fixed minimum annual rent for any given year (which includes Landlord's stipulated base operating expenses and taxes and also includes any rent due for must-take space in years in which rent on such space is due) provided in the lease for office space or commercial plaza space, excluding any and all other additional rent (such as, but not limited to, operating expense escalations, tax escalations, payments for tenant improvements in excess of building standing standards provided by Landlordlandlord, percentage rent, cost-of-living escalation or parking).
Appears in 1 contract
Computation of Commissions. Commissions shall be computed in accordance with the above rates based upon the "Minimum Base Rent" set forth in the lease, as follows:
(a) The term "Minimum Base Rent" shall mean the fixed minimum annual rent for any given year (which includes Landlord's stipulated base operating expenses and taxes and also includes any rent due for must-take space in years in which rent on such space is due) provided in the lease for office space or commercial plaza spacein the Project, excluding any and all other additional rent (such as, but not limited to, operating expense escalations, tax escalations, payments for tenant improvements in excess of building standing standard provided by Landlord, percentage rent, cost-of-living escalation or parking).
Appears in 1 contract
Samples: Property Management and Leasing Agreement (Maguire Properties Inc)