Expansion Premises Base Rent. As of the Expansion Premises Commencement Date, Base Rent for the Expansion Premises shall be as follows: Expansion Premises Commencement Date February 28, 2011 $ 0.800 $ 28,191.20 March 1, 2011 — February 29, 2012 $ 0.824 $ 29,036.94 March 1, 2012 — February 28, 2013 $ 0.849 $ 29,917.91 March 1, 2013 — February 28, 2014 $ 0.874 $ 30,798.89 March 1, 2014 — February 28, 2015 $ 0.900 $ 31,715.10 March 1, 2015 — February 29, 2016 $ 0.927 $ 32,666.55 March 1, 2016 — February 28, 2017 $ 0.955 $ 33,653.25 March 1, 2017 — February 28, 2018 $ 0.984 $ 34,675.18 March 1, 2018 — February 28, 2019 $ 1.014 $ 35,732.35 March 1, 2019 — February 29, 2020 $ 1.044 $ 36,789.52 March 1, 2020 — February 28, 2021 $ 1.075 $ 37,881.93 Tenant agrees to pay Base Rent for the Expansion Premises in equal monthly installments at the place provided in the Lease on the first (1st) day of each month, in advance (subject to adjustment in accordance with the other provisions of the Lease), plus all applicable taxes thereon, together with all other amounts due under the terms of the Lease.
Expansion Premises Base Rent. Commencing on the Effective Date and continuing throughout the Lease Term, Tenant shall pay to Landlord monthly installments of Base Rent for the Expansion Premises as follows: December 1, 2012 — January 31, 2014 $ 94,962.00 $ 7,913.50 $ 1.75
Expansion Premises Base Rent. Notwithstanding anything contrary set forth in the Lease, prior to the Expansion Premises Commencement Date, Tenant shall continue to pay Base Rent for the 520 Building in accordance with the terms of the Lease. Commencing on the Expansion Premises Commencement Date, Tenant shall continue to pay Base Rent for the 520 Building in accordance with the terms of the Lease and Tenant shall pay Base Rent for the Expansion Premises as set forth below: December 1, 2012 - November 30, 2013 $ 38,812.50 $ 52,229.25 $ 91,041.75 December 1, 2013 - November 30, 2014 $ 39,976.88 $ 53,796.13 $ 93,773.01 December 1, 2014 - November 30, 2015 $ 41,176.18 $ 55,410.01 $ 96,586.19 December 1, 2015 - November 30, 2016 $ 42,411.47 $ 57,072.31 $ 99,483.78 December 1, 2016 - December 31, 2016 $ 43,683.81 $ 58,784.48 $ 102,468.29
Expansion Premises Base Rent. Annual Base Rent for the Expansion Premises shall be in addition to the Base Rent payable with respect to the original Premises and shall be an amount equal to:
A. If the Expansion Option is exercised within twenty six (26) months after the execution of the Lease, an amount equal to the square footage of the Expansion Premises, multiplied 45 Manteca, CA by the per square foot rate of Base Rent then being paid for the initial Premises. For example if the Expansion Option is exercised within the twenty sixth (26th) month after the execution of the Lease, Substantial Completion of the Expansion Premises is delivered on the first day of the fourth (4th) Lease Year of the initial Term, and the Expansion Premises is 100,000 square feet in size, Base Rent for the Expansion Premises for the first year of term with respect to the Expansion Premises will be $[***] per month and $[***] per annum. Landlord shall provide a reduction in the Landlord’s Contribution (i.e., $[***] multiplied by the [***]) and abated Base Rent (i.e., five (5) months) with respect to the Expansion Premises on a pro rata basis based on the remaining Term as of the commencement of the Expansion Premises. For example, if Substantial Completion of Expansion Premises occurs on first (1st) day of the twenty-sixth (26th) month the Term then Tenant would receive 100/125ths of the Landlord’s Contribution and an the abated Base Rent for the Expansion Premises.
B. If the Expansion Option is exercised more than twenty six (26) months after the Commencement Date of the of the Lease Term for the original Premises, an amount equal to the Cap Rate Percentage (as hereinafter defined) of the Total Project Costs (as hereinafter defined) relating to the Expansion Premises. The “Cap Rate Percentage”as used herein shall mean the Treasury Rate (as hereinafter defined). The term “Total Project Costs” as used herein shall mean all hard and soft costs related to the construction of the Initial Improvements as well as costs relating to the construction of the Project in its entirety, including, but not limited to the following: (i) all soft costs incurred by Landlord, including, but not limited to architectural, civil engineering and other design costs, permit fees and carry costs (actual and imputed), (ii) the amount of all on and off site hard costs of, including, but not limited to, site preparation and infrastructure costs, (iii) other reasonable third party costs and expenses, and (iv) a development fee payable t...
Expansion Premises Base Rent. Commencing as of each Expansion Premises Commencement Date, Tenant shall pay to Landlord monthly Rent for the Expansion Premises (the "Expansion Premises Rent") in the following amounts. Monthly Rent per Monthly Rent Rentable Square Foot ------------ -------------------- $1,768.00 $1.04
Expansion Premises Base Rent. Commencing as of each Expansion Premises Commencement Date, Tenant shall pay to Landlord monthly Rent for the Expansion Premises (the "Expansion Premises Rent") in the following amounts. SUITE 100 --------- Monthly Rent per Date Monthly Rent Rentable Square Foot ---- ------------ -------------------- Suite 100 Commencement Date through December 31, $1,653.00 $1.00 1997 January 1, 1998 through December 31, 1998 $1,719.12 $1.04 SUITES 110 AND 120 ------------------ Monthly Rent per Date Monthly Rent Rentable Square Foot ---- ------------ -------------------- Initial Expansion Commencement Date through $2,724.00 $1.00 December 31, 1997 January 1, 1998 through December 31, 1998 $2,832.96 $1.04 SUITE 190 --------- Monthly Rent per Date Monthly Rent Rentable Square Foot ---- ------------ -------------------- Suite 190 Commencement Date through December 31, $4,835.00 $1.00 1997 January 1, 1998 through December 31, 1998 $5,028.40 $1.04
Expansion Premises Base Rent. Commencing as of August 1, 1997, Monthly Rent for the 16279 Premises shall be as follows: Date Monthly Rent Monthly Rent per Square Foot ---- ------------ ---------------------------- August 1, 1997 through $17,100.00 $1.00 December 31, 1997 January 1, 1998, through $17,784.00 $1.04 December 31, 1998
Expansion Premises Base Rent. Commencing as of the Expansion Premises Commencement Date, Tenant shall pay to Landlord Monthly Rent for the Expansion Premises (the "Expansion Premises Rent"), in advance of the first day of each month during the term of Tenant's lease of the Expansion Premises and in the manner set forth in Article 4 of the Lease, in the following amounts. Date Monthly Rent Monthly Rent per Square Foot ---- ------------ ---------------------------- November 1, 1996 through $16,245.00 $0.95 December 31, 1996 January 1, 1997, through $17,100.00 $1.00 July 31, 1997
Expansion Premises Base Rent. In addition to the Base Rent payable for the Original Premises, Base Rent under the Lease for the Expansion Premises shall be as follows:
Expansion Premises Base Rent. Base Rent for the Expansion Premises for the first twelve (12) months of the Term commencing on the Expansion Premises Commencement Date is Eighty Four Dollars ($84.00) per rentable square foot, on an annual basis, subject to Three Percent (3%) annual increases. By way of example only and assuming a June 1, 2019 Expansion Premises Commencement Date, Base Rent for the Expansion Premises would be scheduled as follows: **June 1, 2019- May 31, 2020 $361,788.00 $30,149.00 $84.00 June 1, 2020 – May 31, 2021 $372,641.64 $31,053.47 $86.52 June 1, 2021 – May 31, 2022 $383,820.89 $31,985.07 $89.12 June 1, 2022 – May 31, 2023 $395,335.52 $32,944.63 $91.79 June 1, 2023 – May 31, 2024 $407,195.58 $33,932.97 $94.54 June 1, 2024 – May 31, 2025 $419,411.45 $34,950.95 $97.38 June 1, 2025 – May 31, 2026 $431,993.79 $35,999.48 $100.30 June 1, 2026 – May 31, 2027 $444,953.61 $37,079.47 $103.31 June 1, 2027 – November 30, 2027 $458,302.21 $38,191.85 $106.41 ** To the extent the Expansion Premises Commencement Date is other than June 1, 2019, the parties shall enter into an amendment setting forth the above Base Rent chart in the form of Exhibit D.
