Expansion Space From Expansion Effective Date Through Extended Termination Date. For the period commencing with the Expansion Effective Date and ending on the Extended Termination Date, Tenant shall pay for Tenant’s Pro Rata Share of Expenses and Taxes 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 Tenant’s Pro Rata Share of Expenses and Taxes is amended from 2004 to 2006.
Expansion Space From Expansion Effective Date Through Extended Termination Date. As of the Expansion Effective Date, the schedule of Minimum Monthly Rent payable with respect to the Expansion Space for the balance of the original Term and the Extended Term is the following: Months of Term or Period Minimum Monthly Rent May 1, 2020 – July 31, 2020 $19,152.54 August 1, 2020 – July 31, 2021 $19,732.92 August 1, 2021 – July 31, 2022 $20,347.44 August 1, 2022 – July 31, 2022 $20,961.96 August 1, 2023 – July 31, 2022 $21,610.62 August 1, 2024 – April 30, 2025 $22,225.14 All such Minimum Monthly Rent shall be payable by Tenant in accordance with the terms of the Lease. So long as Tenant is not in default hereunder beyond applicable notice and cure periods, Landlord shall xxxxx one hundred percent (100%) of Tenant’s obligation to pay the Minimum Monthly Rent otherwise payable for the Expansion Space for the first full month following the Expansion Effective Date (collectively, the “Abated Rent”). In the event Landlord elects to terminate the Lease as a result of a default by Tenant under the terms of the Lease, then as a part of Landlord’s remedies, Landlord shall be entitled to the recovery of the Abated Rent hereunder; provided, however, Tenant acknowledges and agrees that nothing in this subsection 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). 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 Minimum Monthly 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 Minimum Monthly Rent rate 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 Termination Date. For the period commencing with the Expansion Effective Date and ending on the Extended Termination Date, if the Operating Costs and/or Taxes for any Lease Year, calculated on the basis of the greater of (i) actual Operating Costs and Taxes; or (ii) as if the Complex were at least one hundred percent (100%) occupied and operational for the whole of such Lease Year, are more than the applicable Base Year Costs for Base Operating Costs and Base Taxes (with Base Operating Costs and Base Taxes being calculated separately), Tenant shall pay to Landlord its Proportionate Share applicable to the Expansion Space of any such increase in Operating Costs and/or Taxes, as the case may be, as additional rent in accordance with the terms of the Lease, provided, however, during such period, the Base Year for Base Year Costs for the Expansion Space shall be the 2020 calendar year for Base Operating Costs and the 2020 calendar year for Base Taxes.
Expansion Space From Expansion Effective Date Through Extended Termination 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: Period Annual Rate Per Square Foot Monthly Base Rent Expansion Effective Date – 02/28/07 $ 28.00 $ 50,463.00 03/01/07 – 02/29/08 $ 29.00 $ 52,265.25 03/01/08 – 02/28/09 $ 30.00 $ 54,067.50 03/01/09 – 02/28/10 $ 31.00 $ 55,869.75 03/01/10 – 02/28/11 $ 32.00 $ 57,672.00 03/01/11 – 02/29/12 $ 33.00 $ 59,474.25 03/01/12 – 02/28/13 $ 34.00 $ 61,276.50 All such Base Rent shall be payable by Tenant in accordance with the terms of the Lease. Notwithstanding anything in this Section to the contrary, so long as Tenant is not in Default under the Lease, Tenant shall be entitled to an abatement of Base Rent with respect to the Expansion Space during the period (the “Base Rent Abatement Period”) commencing on the Expansion Effective Date and expiring on the date (the “Expansion Rent Commencement Date”) that is the later to occur of (a) March 1, 2006 (the “Target Expansion Rent Commencement Date”), or (b) the date upon which the Landlord Work (as defined in the Work Letter attached as Exhibit C hereto) in the Expansion Space has been substantially completed; provided, however, that if Landlord shall be delayed in substantially completing the Landlord Work as a result of the occurrence of a Tenant Delay (defined below), then, for purposes of determining the Expansion Rent Commencement Date, the date of substantial completion shall be deemed to be the day that said Landlord Work would have been substantially completed absent any such Tenant Delay(s). If Tenant Defaults at any time during the Term for the Expansion Space and fails to cure such Default within any applicable cure period under the Lease, all Base Rent abated during the Base Rent Abatement Period (the “Abated Base Rent”) shall immediately become due and payable. The payment by Tenant of the Abated Base Rent in the event of a Default shall not limit or affect any of Landlord’s other rights, pursuant to the Lease or at law or in equity. During the Base Rent Abatement Period, only Base Rent with respect to the Expansion Space shall be abated, and all Additional Rent and other costs and charges specified in the Lease shall remain as due and payable pursuant to the provisions of the Lease.
Expansion Space From Expansion Effective Date Through Extended Termination Date. Commencing on the Expansion Effective Date, the schedule of Base Rent payable with respect to the Expansion Space for the balance of the original term of the Lease and during the Extended Term is the following: Months of Term Annual Rate Per Rentable Square Foot (“Annual Base Rental Rate”) Monthly Base Rent Month 1* – Month 12 $ 80.00 $ 37,746.67 Month 13 – Month 24 $ 82.40 $ 38,879.07 Month 25 – Month 36 $ 84.87 $ 40,045.44 Month 37 – Month 48 $ 87.42 $ 41,246.80 Month 49 – Month 60 $ 90.04 $ 42,484.20 Month 61 – Extended Termination Date $ 92.74 $ 43,758.73 * If the Expansion Effective Date is other than the first (1st) day of a calendar month, “Month 1” shall be the first full calendar month of the Term plus any partial calendar month in which the Expansion Effective Date occurs, and in such event, Tenant shall pay the prorated amount of the monthly installment of Base Rent for such partial calendar month on the Expansion Effective Date All such Base Rent shall be payable by Tenant in accordance with the terms of the Lease, as modified by this First Amendment.
Expansion Space From Expansion Effective Date Through Extended Termination Date. For the period commencing with the Expansion Effective Date and ending on the Extended Termination Date, Tenant shall pay for Tenant’s Proportionate Share of Expenses and Taxes applicable to the Expansion Space in accordance with the terms of the Lease, as amended hereby.
Expansion Space From Expansion Effective Date Through Extended Termination Date. As of the Expansion Effective Date, the schedule of Base Rent payable with respect to the XxXxxx 3 Expansion Space for the balance of the original Term and the Extended Term is the following: Period of Term MonthlyBase Rent July 23, 2018 - June 30, 2019 Abated July 1, 2019 - April 30, 2020 $16,935.75 May 1, 2020 - April 30, 2021 $17,370.00 May 1, 2021 - April 30, 2022 $17,804.35 May 1, 2022 - April 30, 2023 $18,238.50 May 1, 2023 - April 30, 2024 $18,672.75 May 1, 2024 - April 30, 2025 $19,107.00
Expansion Space From Expansion Effective Date Through Extended Termination Date. Tenant’s obligation to pay for Tenant’s Proportionate Share of Operating Expenses applicable to the XxXxxx 3 Expansion Space shall be abated for the period from July 23, 2018 through March 31, 2019. Thereafter, Tenant shall pay Tenant’s Proportionate Share of Operating Expenses applicable to the XxXxxx 3 Expansion Space as provided in the Lease.
Expansion Space From Expansion Effective Date Through Extended Termination Date. As of the Expansion Effective Date, the schedule of Base Rent payable with respect to the Expansion Space during the Extended Term is the following: Months of Term or Period Annual Rate Per Square Foot Monthly Base Rent Expansion Effective Date – March 31, 2007 $22.80 $3,098.90 All such Base Rent shall be payable by Tenant in accordance with the terms of the Lease.
Expansion Space From Expansion Effective Date Through Extended Termination Date. As of the Expansion Effective Date, the schedule of monthly installment of Base Rental payable with respect to the Expansion space for the balance of the Lease Term and the Extended Lease Term is the following: Tenant shall pay Landlord the sum of Three Hundred Seven Thousand Two Hundred Thirty and 21/100 ($307,230.21) as Base Rental for the Extended Term in sixty (62) installments (reduced by any installments in accordance with the following schedule due before the Expansion Effective Date) as follows:
