Expansion Space From Expansion Effective Date Through Extended Expiration Date. As of the Expansion Effective Date, the schedule of Basic Rent payable with respect to the Expansion Space for the balance of the original Term and the Extended Term is the following: *Based on 45,000 rentable square feet **Based on 50,000 rentable square feet All such Basic Rent shall be payable by Tenant in accordance with the terms of the Lease, provided that the first installment of Basic Rent at the initial rate specified above shall be delivered to Landlord concurrently with Tenant’s execution of this Amendment and shall be applied against the Basic Rent first due hereunder. Notwithstanding the above schedule of Basic Rent to the contrary, as long as Tenant is not in Default under the Lease, Tenant shall be entitled to an abatement of 3 full calendar months of Basic Rent in the aggregate amount of $169,290.00 (i.e. $56,430.00 per month) (the “Expansion Space Abated Basic Rent”) for the 2nd through 4th full calendar months following the Expansion Effective Date (the “Expansion Space Abatement Period”). Only Basic Rent shall be abated during the Expansion Space Abatement Period and all other additional rent and other costs and charges specified in the Lease shall remain as due and payable pursuant to the provisions of the Lease. Landlord and Tenant acknowledge that the foregoing schedule is based on the assumption that the Expansion Effective Date is the Estimated Expansion Effective Date. If the Expansion Effective Date is other than the Estimated Expansion Effective Date, the schedule set forth above with respect to the payment of any installment(s) of Basic Rent for the Expansion Space shall be appropriately adjusted on a per diem basis to reflect the actual Expansion Effective Date, and the actual Expansion Effective Date shall be set forth in the Expansion Effective Date Memorandum. The effective date of any increases or decreases in the Basic Rent rate shall be postponed as a result of an adjustment of the Expansion Effective Date as provided above.
Expansion Space From Expansion Effective Date Through Extended Expiration Date. Tenant shall be obligated to pay Tenant’s Share of Project Costs and Property Taxes accruing in connection with the Expansion Space in accordance with the terms of the Lease through the Extended Term.
Expansion Space From Expansion Effective Date Through Extended Expiration Date. As of the Expansion Effective Date, the schedule of Basic Rent payable with respect to the Expansion Space for the balance of the original Term and the Extended Term is the following: 2/1/19 to 1/31/20 $ 2.95 $ 10,747.00 2/1/20 to 3/31/20 $ 3.08 $ 11,220.00 All such Basic Rent shall be payable by Tenant in accordance with the terms of the Lease.
Expansion Space From Expansion Effective Date Through Extended Expiration Date. Effective as of the Expansion Effective Date, the following shall be added to Item 7 of Article 1 of the Lease with respect to the Expansion Space: “Property Tax Base: The Property Taxes per rentable square foot incurred by Landlord and attributable to the twelve month period ending June 30, 2019 (the “Base Year”).
Expansion Space From Expansion Effective Date Through Extended Expiration Date. As of the Expansion Effective Date, the schedule of Basic Rent payable with respect to the Expansion Space for the balance of the original Term and the Extended Term is the following: All such Basic Rent shall be payable by Tenant in accordance with the terms of the Lease. Landlord and Tenant acknowledge that the foregoing schedule is based on the assumption that the Expansion Effective Date is the Estimated Expansion Effective Date. If the Expansion Effective Date is other than the Estimated Expansion Effective Date, the schedule set forth above with respect to the payment of any installment(s) of Basic Rent for the Expansion Space shall be appropriately adjusted on a per diem basis to reflect the actual Expansion Effective Date, and the actual Expansion Effective Date shall be set forth in the Expansion Effective Date Memorandum. However, the effective date of any increases or decreases in the Basic Rent rate (as set forth in the table in Section III.A and the second and third rows of the table in Section III.B) shall not be postponed as a result of an adjustment of the Expansion Effective Date as provided above.
Expansion Space From Expansion Effective Date Through Extended Expiration Date. Tenant shall be obligated to pay Tenant’s Share (i.e., 2.63%) of Building Costs and Property Taxes accruing in connection with the Expansion Space in accordance with the terms of the Lease through the Extended Term; provided, however, the Base Year for calculation of Tenant’s Share of Building Costs and Property Taxes in connection with the Expansion Space shall be July 1, 2012, through June 30, 2013. Notwithstanding, Tenant shall not be responsible for any operating expenses for the Expansion Space for the initial twelve (12) month period commencing on the Expansion Effective Date.
Expansion Space From Expansion Effective Date Through Extended Expiration Date. Effective as of the Expansion Effective Date, Tenant shall be obligated to pay Tenant’s Proportionate Share of Expenses and Taxes for the 2540 Building accruing in connection with the Expansion Space in accordance with the terms of the Lease from and after the Expansion Effective Date through the Extended Term. Tenant’s Proportionate Share of the 2540 Building shall be 100%.
Expansion Space From Expansion Effective Date Through Extended Expiration Date. As of the Expansion Effective Date, the schedule of Base Rent payable with respect to the Expansion Space for the balance of the original Term and the Extended Term is the following: {2119-01688/00771566;8} All such Base Rent shall be payable by Tenant in accordance with the terms of the Lease, as amended hereby, except that, subject to Abated Base Rent (as defined below), the third (3rd) full month’s Base Rent for Suite 800 and the fifth (5th) full month’s Base Rent for Suite 900 (such amount, equal to $239,494.69, in the aggregate, is hereinafter referred to hereunder as the “Prepaid Rent”) shall be paid by Tenant concurrent with Tenant’s execution and delivery of this Amendment to Landlord. Notwithstanding anything in the Lease, as amended hereby, to the contrary, so long as Tenant is not in default beyond applicable notice and cure periods under the Lease, as amended hereby, Tenant shall be entitled to an abatement of Base Rent as follows: (i) with respect to Suite 800, in the amounts of (1) $116,267.26 for the month of June of 2018, and (2) $119,750.44 for the month of July of 2018; and (ii) with respect to Suite 900, in the amounts of (a) $116,261.25 for the month of June of 2018, and (b) $119,744.25 for the months of July, August and September of 2018 (the period commencing June 1, 2018 and continuing through September 30, 2018 is hereinafter referred to as the “Rent Abatement Period”). The maximum total amount of Base Rent abated in accordance with the foregoing shall equal $ $711,511.70 (the “Abated Base Rent”). If Tenant defaults beyond applicable notice and cure periods under the Lease, as amended hereby, at any time during the Rent Abatement Period and fails to cure such default within any applicable cure period under the Lease, as amended hereby, then Tenant’s right to receive the Abated Base Rent shall toll (and Tenant shall be required to pay Base Rent during such period of any Tenant default) until Tenant has cured, to Landlord’s reasonable satisfaction, such default and at such time Tenant shall be entitled to receive any unapplied Abated Base Rent until fully applied. Only Base Rent shall be abated pursuant to this Section, as more particularly described herein, and Escalation Rent and all other rent and other costs and charges specified in the Lease, as amended hereby, shall remain as due and payable pursuant to the provisions of the Lease, as amended hereby.
Expansion Space From Expansion Effective Date Through Extended Expiration Date. For the period commencing with the Expansion Effective Date and ending on the Extended Expiration Date, Tenant shall pay Escalation Rent applicable to the Expansion Space in accordance with the terms of the Lease; provided, however, during such period, the Base Year for the computation of Escalation Rent with respect to the Expansion Space is calendar year 2018. {2119-01688/00771566;8}
Expansion Space From Expansion Effective Date Through Extended Expiration Date. As of the Expansion Effective Date, the schedule of Base Rent payable with respect to the Expansion Space for the balance of the original Term and the Extended Term is the following: 11/1/03 – 2/28/05 $ 21.60 $ 29,894.40 $ 2,491.20 3/1/05 – 2/28/06 $ 22.20 $ 30,724.80 $ 2,560.40 3/1/06 – 2/28/07 $ 22.92 $ 31,721.28 $ 2,643.44 3/1/07 – 2/29/08 $ 23.52 $ 32,551.68 $ 2,712.64 All such Base Rent shall be payable by Tenant in accordance with the terms of the Lease. Landlord and Tenant acknowledge that the foregoing schedule is based on the assumption that the Expansion Effective Date is the Target Expansion Effective Date. If the Expansion Effective Date is other than the Target Expansion Effective Date, the schedule set forth above with respect to the payment of any installment(s) of Base Rent for the Expansion Space shall be appropriately adjusted on a per diem basis to reflect the actual Expansion Effective Date, and the actual Expansion Effective Date shall be set forth in a confirmation letter to be prepared by Landlord. However, the effective date of any increases or decreases in the Base Rent rate shall not be postponed as a result of an adjustment of the Expansion Effective Date as provided above.
