Expansion Space Base Rent. The monthly Base Rent for the Expansion Space shall be as follows: MONTHS TOTAL MONTHLY BASE RENT PER SQUARE FOOT TOTAL MONTHLY BASE RENT ES Rent Commencement Date — 5/31/13 $ 2.17 $ 8,929.55 6/1/13 — 5/31/14 $ 2.24 $ 9,217.60 6/1/14 — 5/31/15 $ 2.31 $ 9,505.65
Expansion Space Base Rent. Commencing January 1, 1999, Lessee shall pay to Lessor base rent for the Expansion Space according to the rent schedule below: Time Period Per Month Per Term Per SF Per Yr -------------------- ---------- ----------- ------------- 01/01/99 to 01/31/99 $ 0.00 $ 0.00 $ 20.00 02/01/99 to 05/31/99 $ 9,515.00 $ 38,060.00 $ 20.00 06/01/99 to 05/31/00 $ 9,752.88 $117,034.56 $ 20.50 06/01/00 to 05/31/01 $ 9,990.75 $119,889.00 $ 21.00 06/01/01 to 05/31/02 $10,228.63 $122,743.56 $ 21.50 06/01/02 to 05/31/03 $10,466.50 $125,598.00 $ 22.00 06/01/03 to 12/31/03 $10,704.38 $ 74,930.66 $ 22.50
Expansion Space Base Rent. Effective as of the date hereof, Section 2.01 of the Lease is hereby deleted in its entirety and the following is inserted in its place:
Expansion Space Base Rent. In addition to the Base Rent for the Premises set forth in Section 4 hereof, commencing on January 1, 2014 (the ‘Expansion Space Rent Commencement Date’) and continuing thereafter throughout the Expansion Space Term, Tenant covenants and agrees to pay to Landlord Base Rent for the Expansion Space in the following amounts (the ‘Expansion Space Base Rent’): Time Period Rate of Expansion Space Base Rent Per Square Foot Per Annum Rate of Expansion Space Base Rent Per Annum Rate of Expansion Space Monthly Base Rent 1/1/14-12/31/14 $ 35.96 $ 1,047,155.20 $ 87,262.93 Time Period Rate of Expansion Space Base Rent Per Square Foot Per Annum Rate of Expansion Space Base Rent Per Annum Rate of Expansion Space Monthly Base Rent 1/1/15- 12/31/15 $ 36.95 $ 1,075,984.00 $ 89,665.33 1/1/16-12/31/16 $ 37.97 $ 1,105,686.40 $ 92,140.53 1/1/17-12/31/17 $ 39.01 $ 1,135,971.20 $ 94,664.27 1/1/18-12/31/18 $ 40.08 $ 1,167,129.60 $ 97,260.80 The Expansion Space Base Rent shall be payable at the same times and in the same manner as set forth herein for the payment of Base Rent. There shall be no Free Rent Period with respect to the Expansion Space. Tenant shall be entitled to occupy the Expansion Space prior to the Expansion Space Rent Commencement Date without the obligation to pay Expansion Space Base Rent and without the obligation to pay any Operating Expenses with respect to the Expansion Space or any Real Estate Tax Expenses with respect to the Expansion Space.
Expansion Space Base Rent. In addition to the Base Rent ------------------------- for the Premises as set forth in Exhibit C hereof, commencing on the Expansion Space Commencement Date and continuing thereafter throughout the Expansion Space Term, Tenant covenants and agrees to pay to Landlord Base Rent for the Expansion Space in the following amounts (the `Expansion Space Base Rent'): Expansion Space Base Rent Per Expansion Space Square Foot Expansion Space Expansion Space Period Per Annum Base Rent Monthly Base Rent ----------------------- --------------------- -------------------- --------------------- 6/1/99 - 1/31/00 $[*] $[*] $[*] 2/1/00 - 1/31/01 $[*] $[*] $[*] 2/1/01 - 1/31/02 $[*] $[*] $[*] 2/1/02 - 1/31/03 $[*] $[*] $[*] 2/1/03 - 1/31/04 $[*] $[*] $[*] 2/1/04 - 1/31/05 $[*] $[*] $[*] 2/1/05 - 1/31/06 $[*] $[*] $[*] 2/1/06 - 1/31/07 $[*] $[*] $[*] 2/1/07 - 1/31/08 $[*] $[*] $[*] 2/1/08 - 1/31/09 $[*] $[*] $[*]
Expansion Space Base Rent. (a) In addition to Tenant's Base Rent ------------------------- obligations with respect to the Existing Premises, beginning on Expansion Commencement Date (as defined below), Tenant shall also pay Landlord Base Rent with respect to the Expansion Space in the initial amount of $195,677.50 per annum ("Expansion Space Base Rent"), payable in equal monthly installments of $16,306.46. Beginning on the first day of the second Lease Year (as defined in Section 1.7 of the Lease, said Expansion Space Base Rent will be escalated on ----------- the first day of each Lease Year during the Term in accordance with the following schedule: Annual Expansion Space Monthly Expansion Space ---------------------- ----------------------- Lease Year Base Rent Base Rent ---------- --------- --------- 1 $ 195,677.50 $ 16,306.46 2 $ 200,569.43 $ 16,714.12 3 $ 205,583.66 $ 17,131.97 4 $ 210,723.25 $ 17,560.27 5 $ 215,991.33 $ 17,999.28 6 $ 221,391.11 $ 18,449.26 7 $ 226,925.88 $ 18,910.49 8 $ 232,599.02 $ 19,383.25 9 $ 238,413.99 $ 19,867.83 10 $ 244,374.33 $ 20,364.53 11 $ 250,483.68 $ 20,873.64 The "Expansion Commencement Date" shall be the earlier to occur of: (i) November 15, 2000, and (ii) the date on which Tenant substantially completes the Expansion Improvements in the Expansion Space and the Expansion Space can be occupied for business operations (including the completion of other work and installations beyond the Expansion Improvements necessary for Tenant's business operations).
Expansion Space Base Rent. Commencing on April 1, 2009 (the “Expansion Space Rent Commencement Date”), and thereafter on the first day of each and every calendar month during the Expansion Space Term, Tenant shall pay Landlord Base Rent for the Expansion Space only (“Expansion Space Annual Base Rent”) in the following amounts, in equal monthly installments (“Expansion Space Monthly Base Rent”), in advance, as follows: Period Expansion Space Annual Base Rent Per Rentable Square Foot Expansion Space Annual Base Rent Expansion Space Monthly Base Rent 4/1/09 – 12/31/09 $ 12.00 $ 63,516.00 * $ 5,293.00 1/1/10 – 12/31/10 $ 12.36 $ 65,421.48 $ 5,451.79 1/1/11 – 12/31/11 $ 12.73 $ 67,379.89 $ 5,614.99 1/1/12 – 12/31/12 $ 13.11 $ 69,401.29 $ 5,783.44 1/1/13 – 12/31/13 $ 13.51 $ 71,483.33 $ 5,956.94 [*on an annualized basis] Tenant shall pay Landlord Expansion Space Annual Base Rent in accordance with the terms and conditions of Article 3 of the Original Lease (captioned, “Base Rent and Additional Rent”).
Expansion Space Base Rent. As of the Expansion Effective Date, the schedule of Base Rent payable with respect to the Expansion Space for the balance of the original Lease Term is the following. Period Rentable Square Footage Annual Base Rent* Monthly Installment of Base Rent* Annual Rental Rate per Rentable Square Foot* Expansion Space Lease Year 1 11,361 $1,011,129.00 $84,260.75 $89.00 Expansion Space Lease Year 2 11,361 $1,041,462.87 $86,788.57 $91.67 Expansion Space Lease Year 3 11,361 $1,072,706.76 $89,392.23 $94.42** Expansion Space Lease Year 4 11,361 $1,104,887.96 $92,074.00 $97.25** Expansion Space Lease Year 5 11,361 $1,138,034.60 $94,836.22 $100.17** Expansion Space Lease Year 6 11,361 $1,172,175.64 $97,681.30 $103.18** Expansion Space Lease Year 7 11,361 $1,207,340.91 $100,611.74 $106.27** Expansion Space Lease Year 8 11,361 $1,243,561.14 $103,630.10 $109.46** Expansion Space Lease Year 9 11,361 $1,280,867.97 $106,739.00 $112.74** All such Base Rent shall be payable by Tenant in accordance with the terms of the Lease, as amended hereby. For purposes of the foregoing schedule, “Expansion Space Lease Year 1” shall mean the twelve (12) calendar month period commencing on the Expansion Effective Date and ending on the last day of the month in which the first anniversary of the Expansion Effective Date occurs (or if the Expansion Effective Date is the first day of a calendar month, then the first Expansion Space Lease Year shall commence on the Expansion Effective Date and end on the day immediately preceding the first anniversary of the Expansion Effective Date), and the second and each succeeding Expansion Space Lease Year shall commence on the first day of the next calendar month; and further provided that the last Expansion Space Lease Year shall end on the Lease Expiration Date. * The initial Annual Base Rent amount was calculated by multiplying the initial Annual Rental Rate per Rentable Square Foot amount by the number of rentable square feet of space in the Expansion Space, and the initial Monthly Installment of Base Rent amount was calculated by dividing the initial Annual Base Rent amount by twelve (12). Both Tenant and Landlord acknowledge and agree that multiplying the Monthly Installment of Base Rent amount by twelve (12) does not always equal the Annual Base Rent amount. The calculation of each Annual Base Rent amount reflects an annual increase of three percent (3%) commencing on the first (1st) day of Expansion Space Lease Year 2 and each Monthly Installment of...
Expansion Space Base Rent. Effective as of the Expansion Space Commencement Date, the Base Rent payable by Tenant for the Expansion Space during the Expansion Space Term shall be paid by Tenant separate and apart from the Base Rent payable for the Existing Premises as set forth in the following schedule, but otherwise in accordance with the terms and conditions of the Lease: Months of Expansion Space Term Annual Base Rent Monthly Installment of Base Rent Monthly Rental Rate Per Rentable Square Foot of the Premises 1 – 12* $ 610,221.60 $ 50,851.80 $ 2.15 13 - 24 $ 628,528.25 $ 52,377.35 $ 2.21 25 - 36 $ 647,384.10 $ 53,948.67 $ 2.28 37 - 48 $ 666,805.62 $ 55,567.13 $ 2.35 49 - 60 $ 686,809.79 $ 57,234.15 $ 2.42 61 - 62 $ 707,414.08 $ 58,951.17 $ 2.49 *The Base Rent attributable to the two (2)-month period commencing on the first (1st) day of the second (2nd) full calendar month of the Expansion Space Term and ending on the last day of the third (3rd) full calendar month of the Expansion Space Term (the “Base Rent Abatement Period”) shall be abated. During the Base Rent Abatement Period, Tenant shall remain responsible for the payment of all of its other monetary obligations under the Lease, including but not limited to utilities and janitorial, expenses. If Tenant shall be in default under the Lease during the Base Rent Abatement Period and shall fail to cure such default within the notice and cure period, if any, permitted for cure pursuant to this Lease, then the abatement of Base Rent provided for in this paragraph shall immediately become void, the Base Rent payable by Tenant to Landlord shall immediately equal the amount set forth above without abatement, and in the event such default results in the early termination of this Lease pursuant to the provisions of Section 17 of the Original Lease, then as part of the recovery set forth in Section 17 of the Original Lease, Landlord shall be entitled to the recovery of the unamortized amount of Base Rent that was abated pursuant to this paragraph; provided, however, Tenant acknowledges and agrees that nothing in this subparagraph is intended to limit any other remedies available to Landlord at law or in equity under applicable law (including, without limitation, the remedies under Civil Code Section 1951.2 and/or 1951.4 and any successor statutes or similar laws), in the event Tenant defaults under the Lease beyond any applicable notice and cure period.
Expansion Space Base Rent. Monthly Base Rent for the Expansion Space for the Expansion Space Term shall be as follows: Term: Base Rent: Total Per Month: 9/1/06 – 12/31/06 $5,000.00 $5,000.00 + CAM 1/1/07 – 12/31/07 $9,706.00 $9,706.00 + CAM 1/1/08 – 12/31/08 $9,998.00 $9,998.00 + CAM 1/1/09 – 12/31/09 $10,298.00 $10,298.00 + CAM 1/1/10 – 12/31/10 $10,606.00 $10,606.00 + CAM 1/11/11 – 12/31/11 $10,925.00 $10,925.00 + CAM
