Escalation Rent. Escalation Rent shall be paid monthly on an estimated basis, with subsequent annual reconciliation, in accordance with the following procedures:
Escalation Rent. (a) Tenant shall continue to pay the Escalation Rent applicable to the Existing Premises pursuant to the terms and conditions of Article 3 of the Lease (as unamended by this Agreement).
Escalation Rent. No later than forty-five (45) days prior to the end of the Base Year set forth in the summary and no later than forty-five (45) days prior to the end of each subsequent calendar year, or as soon after that time as practicable. Landlord shall give Tenant notice of Landlord’s estimate of any Escalation Rent due under this Section for the ensuing calendar Lease year. On or before the first day of each month during the ensuing calendar year. Tenant shall pay to Landlord one-twelfth (l/12th) of the estimated Escalation Rent. If Landlord fails to give notice as required in this Section, Tenant shall continue to pay on the basis of the prior year’s estimate until the month after that notice is given. If at any time it appears to Landlord that the Escalation Rent for the current calendar year will vary from the estimate by more than five percent (5%), Landlord shall, by notice to Tenant, revise the estimate for that year, and subsequent payments by Tenant for that year shall be based on the revised estimate.
Escalation Rent. Tenant’s Percentage Share of the total dollar increase, if any, in Operating Expenses allocable to each calendar year, or part thereof, after the Operating Expense Base Year, over the amount of Base Operating Expenses, and Tenant’s Percentage Share of the total dollar increase, if any, in Real Property Taxes allocable to each tax fiscal year, or part thereof, after the Tax Base Year, over the Base Real Property Taxes.
Escalation Rent. Tenant’s Proportionate Share of the total dollar increase for the applicable calendar year, if any, in (a) Operating Expenses allocable to such calendar year, or part thereof, after the Base Year, over the amount of Base Operating Expenses, and (b) except as provided in Section 5.8 of this Lease, Real Property Taxes allocable to the tax year or years occurring in each such calendar year, or part thereof, after the Base Year, over the Base Real Property Taxes. If the Building or Project is less than one hundred percent (100%) occupied during any part of any year (including the Base Year), Landlord shall make an appropriate adjustment of the variable components of Operating Expenses for that year, as reasonably determined by Landlord using sound commercial real estate accounting and management principles, to determine the amount of Operating Expenses that would have been incurred during such year if the Building or the Project had been one hundred percent (100%) occupied during the entire year. This amount shall be considered to have been the amount of Operating Expenses for that year. For purposes hereof, “variable components” include only those component expenses that are affected by variations in occupancy levels.
Escalation Rent. For the avoidance of doubt, this Section 3.3: (a) uses the definitions set forth in Section 3.4 below, and (b) provides the methods for calculating operating expense, tax, and business improvement district assessment payments due from Subtenant hereunder, which are in lieu of the provisions set forth in Sections 4.01,4.02 and 4.03 of the Lease (which pursuant to Section 6.3(b) hereof are expressly excluded from incorporation herein except to the extent necessary to calculate the amounts payable by Subtenant under this Sublease (and except as may otherwise be provided in this Section 3.3, Section 3.4 hereof or Section 6.3(b) hereof). In addition to the Base Rent, Subtenant covenants and agrees to pay to Sublandlord commencing on the Rent Commencement Date, an amount (collectively, “Escalation Rent” and, together with the Base Rent and all Additional Rent payable hereunder, the “Rental”! equal to: (i) the Tax Escalation Payment (as hereinafter defined) plus (ii) the Operating Expense Escalation Payment (as hereinafter defined) plus (iii) the BID Escalation Payment (as hereinafter defined). Escalation Rent shall be payable by Subtenant to Sublandlord in the same manner as the same is payable by Sublandlord to Landlord under Article 4 of the Lease; except that, with respect to any such amounts that do not recur monthly, Subtenant shall, upon receipt of written notice or an invoice therefor from Sublandlord, pay such amounts directly to Sublandlord no later than fifteen (15) days after receipt of Sublandlord’s notice or invoice. Escalation Rent shall be prorated, if necessary, to correspond with that portion of a Tax Year (as defined in the Lease) or an Operating Expense Year (as defined in the Lease) occurring during the Term. Promptly following its receipt of any Estimated Tax Statement pursuant to Section 4.02.B(ii) of the Lease, Estimated BID Statement pursuant to Section 4.02.D(ii) of the Lease and/or Estimated Operating Expense Statement pursuant to Section 4.03.B(ii) of the Lease or of any Tax Statement pursuant to Section 4.02.B(iii) of the Lease, BID Statement pursuant to Section 4.02.D(iii) of the Lease and/or Operating Expense Statement pursuant to Section 4.03.B(iii) of the Lease, Sublandlord shall calculate the Escalation Rent payable by Subtenant in accordance with the terms of this Sublease. After making the aforesaid calculations, Sublandlord shall send a statement (“Sublandlord's Statement”) to Subtenant, along with a copy of such Estimated Tax...
Escalation Rent. 7 SECTION 6. USE....................................................... 8 SECTION 7. SERVICES.................................................. 8 SECTION 8. ALTERATIONS............................................... 9 SECTION 9. REPAIRS; LANDLORD'S RESERVATION OF RIGHTS................. 9 SECTION 10.
Escalation Rent. Every years following the Commencement Date, the Term on the applicable anniversary date thereof (a “Rent Adjustment Date”), the Annual Base Rent for each Lease Year (as hereinafter defined) (or pro rata for any portion of a year included in the Term) shall be increased by an amount equal to (“Escalation Rent”). From that Rent Adjustment Date until the next Rent Adjustment Date, the Annual Base Rent shall equal the Annual Base Rent, plus any Additional Rent, plus the Escalation Rent most recently in effect prior to the applicable Rent Adjustment Date Rent.
Escalation Rent. The term “Escalation Rent” means the Tenant’s Percentage Share of the total dollar increase, if any, in (i) the Overall Project Operating Expenses allocable to each calendar year, or part thereof, after the Base Year, over the amount of the Base Overall Project Operating Expenses, and (ii) the Office Component Operating Expenses allocable to each calendar year, or part thereof, after the Base Year, over the amount of the Base Office Component Operating Expenses, and (iii) the Real Property Taxes allocable to each calendar year, or part thereof, after the Base Year, over the amount of the Base Real Property Taxes.
Escalation Rent. Tenant shall not be obligated to pay Escalation Rent with respect to the Additional Space. Landlord shall not be obligated to provide to the Additional Space (a) any heating, ventilating or air-conditioning, (b) light bulb replacements (but Landlord will replace lighting ballasts as necessary), (c) restroom supplies, (d) utilities (other than as provided in Sections 2.8 and 2.9 below), (e) janitor service (other than as provided in Section 2.10 below) or (f) other services typically provided to office areas in the Building.
