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 6/1/10 — 5/31/11 $ 2.10 $ 10,630.20 6/1/11 — 5/31/12 $ 2.16 $ 10,933.92 6/1/12 — 5/31/13 $ 2.23 $ 11,288.26 6/1/13 — 5/31/14 $ 2.30 $ 11,642.60 6/1/14 — 5/31/15 $ 2.36 $ 11,946.32
Expansion Space Base Rent. Commencing on or about August 1, 1999, Lessee shall pay to Lessor base rent for the Expansion Space according to the rent schedule below: Lessor TT ---------- Lessee BRS ---------- Time Period Per Month Per Term Per SF Per Yr -------------------- --------- ---------- ------------- 08/01/99 to 10/31/99 $4,831.12 $14,493.35 $20.69 11/01/99 to 10/31/00 $4,947.87 $59,374.38 $21.19 11/01/00 to 10/31/01 $5,064.62 $60,775.38 $21.69 11/01/01 to 10/31/02 $5,181.37 $62,176.38 $22.19 11/01/02 to 10/31/03 $5,298.12 $63,577.38 $22.69 11/01/03 to 12/31/03 $5,414.87 $10,829.73 $23.19
Expansion Space Base Rent. The monthly Base Rent for the Expansion Space shall be as follows: 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. 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. 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. (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.
Expansion Space Base Rent. Commencing on the ES Rent Commencement Date, the Base Rent for the Expansion Space shall be as set forth in the chart below: Base Rent for the original Premises shall remain as set forth in Section 23 of the Lease.
Expansion Space Base Rent. From and after the Expansion Space ------------------------- Commencement Date and continuing through the end of the Expansion Space Term, Section 1.01(8) of the Lease shall be amended to provide that the Base Rent for the Expansion Space shall be as set forth below, as adjusted pursuant to Article 4 of the Lease: Rate/SF Period Monthly Annually of Rentable Area ------ ------- -------- ---------------- Months 01 - 18 (18) $9,292.50 $111,510.00 $13.50 Months 19 - 54 (36) $9,980.83 $119,769.96 $14.50 Months 55 - 78 (24) $10,841.25 $130,095.00 $15.75 Months 79 - 114 (36) $11,701.67 $140,420.04 $17.00
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. 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 Base Rent amount was calculated by dividing the corresponding Annual Base Rent amount by twelve (12). ** The amount(s) identifi...
