First Lease Year Clause Samples

First Lease Year. Rent for the first Lease Year shall be $1,991,260, accrued, paid and allocated as follows: (a) $1,000,000 on the Commencement Date (such amount is herein called the "Initial Rent Payment"), (b) $101,260 on January 1, 1997; and (c) $73,333.34 on February 1, 1997 and on the 1st day of each month thereafter to and including January 1, 1998. All such rent payable pursuant to this paragraph 3.1 is called "First Year Rent" Lessee shall also pay to Lessor, with each payment of First Year Rent, an amount equal to one-half of the applicable sales tax thereon. Lessor shall hold the Initial Rent Payment available for expenditure from time to time in accordance with that certain Master Agreement dated this date by and among Lessor, GICI, Lessee and others (the "Master Agreement").

First Lease Year. If Tenant exercises the renewal option provided by subsection (a) to extend the Initial Term for a Renewal Period, the Rent per Square Foot for the first Lease Year in the Renewal Period shall be an amount equal to 95% of the fair rental value (per square foot) of the Leased Premises as of the first day of the Renewal Period as determined by mutual agreement between Landlord and Tenant or by appraisal by one or more commercial real estate brokers in the manner provided in subsection (d).

First Lease Year. In the event the Term did not commence on January lst, Tenant's Share of Expenses for the first Lease Year* will be proportionately reduced. In this case, Tenant shall pay Landlord Tenant's Share of Expenses multiplied by a fraction whose numerator equals the number of days between the Commencement Date and December 31 and whose denominator equals 365. (For example, if the Commencement Date is September 1 in the Base Year, Tenant shall pay in the first calendar year Tenant's Share of Expenses times 122/365).

First Lease Year. During the first Lease Year, the Base Rent shall be $59,535.50 per Lease Year.

First Lease Year. The first Lease Year for the Lease commences on December 1, 2008 and ends on November 30, 2009.

First Lease Year. Rent for the first Lease Year shall be determined in accordance with the following provisions:

First Lease Year. Beginning on the Expansion Area Rent Commencement Date and continuing until the first anniversary of the Rent Commencement Date for the initial premises, Tenant shall pay to Landlord Base Rent for the Expansion Area in equal monthly installments of Eleven Thousand Three Hundred Forty-Four and 44/100 Dollars ($11,344.49) per month plus applicable sales, use, or occupancy tax. It is understood that the Base Rent for the first abbreviated Lease Year of the Expansion Area shall be calculated using an annual Base Rent rate of $27.50 per rentable square foot.

First Lease Year. The Base Monthly Rent for the first ------------------ lease year shall be equal to the following: First 60 days of Lease Term = $ 22,313.72 per month Remainder of first lease year = $ 69,120.48 per month (i.e., until the 1st anniversary of the Commencement Date)