Common use of Fixed Rent Clause in Contracts

Fixed Rent. The fixed rent (“Fixed Rent”) shall be as follows: (a) for the period commencing on the Rent Commencement Date and ending on the day immediately preceding the fifth (5th) anniversary of the Rent Commencement Date (the “First Rent Period”) Fifty Million Eight Hundred Sixteen Thousand Three Hundred Eighty-Nine and 19/100 Dollars ($50,816,389.19) per annum, payable in equal monthly installments of Four Million Two Hundred Thirty-Four Thousand Six Hundred Ninety-Nine and 10/100 Dollars ($4,234,699.10), based on the rate per annum of $59.99 per Qualified RSF of the Premises; (b) for the period commencing on the fifth (5th) anniversary of the Rent Commencement Date and ending on the day immediately preceding the tenth (10th) anniversary of the Rent Commencement Date (the “Second Rent Period”) Fifty-Eight Million Four Hundred Forty Thousand One Hundred Eighteen and 19/100 Dollars ($58,440,118.19) per annum, payable in equal monthly installments of Four Million Eight Hundred Seventy Thousand Nine and 85/100 Dollars ($4,870,009.85), based on the rate per annum of $68.99 per Qualified RSF of the Premises; (c) for the period commencing on the tenth (10th) anniversary of the Rent Commencement Date and ending on the day immediately preceding the fifteenth (15th) anniversary of the Rent Commencement Date (the “Third Rent Period”) Sixty-Six Million Sixty-Three Thousand Eight Hundred Forty-Seven and 19/100 Dollars ($66,063,847.19) per annum, payable in equal monthly installments of Five Million Five Hundred Five Thousand Three Hundred Twenty and 60/100 Dollars ($5,505,320.60), based on the rate per annum of $77.99 per Qualified RSF of the Premises; and (d) for the period commencing on the fifteenth (15th) anniversary of the Rent Commencement Date and ending upon the Expiration Date (or, if the Term is extended pursuant to Article 9, the date of expiration of the initial Term) (the “Fourth Rent Period”) Seventy-Three Million Six Hundred Eighty-Seven Thousand Five Hundred Seventy-Six and 19/100 Dollars ($73,687,576.19) per annum, payable in equal monthly installments of Six Million One Hundred Forty Thousand Six Hundred Thirty-One and 35/100 Dollars ($6,140,631.35), based on the rate per annum of $86.99 per Qualified RSF of the Premises. (e) Subject to the application of any credits under this Lease and the DCA, Fixed Rent shall be payable by Tenant in equal monthly installments in advance commencing on the Rent Commencement Date and on the first day of each calendar month thereafter (provided that if the Rent Commencement Date is not the first day of a month, then Fixed Rent for the month in which the Rent Commencement Date occurs shall be prorated (based on the number of days elapsed and the actual number of days in such month) and paid on the Rent Commencement Date). “Rent Commencement Date” means the later of (i) May 1, 2023 or (ii) the date occurring in the [****] month after the Possession Date (or such earlier date on which the Possession Date would have occurred but for any Tenant Delay) (such later date the “Rent Commencement Trigger”) which is the same numerical date in the month as the Rent Commencement Trigger (except that if no such numerical date shall exist in such [****] month, the Rent Commencement Date shall be the first day of the [****] month), subject to extension of the Rent Commencement Date from time to time as provided in Sections 6.3(b), 7.4(f) and 7.5(b) of the DCA. If the Rent Commencement Date is extended pursuant to such Section 7.5(b) of the DCA, such extension shall be without duplication, and if there are multiple bases for extension of the Rent Commencement Date pursuant to Section 7.5(b) of the DCA, Tenant shall be entitled to an extension of the Rent Commencement Date for the longest period of delay.

Appears in 1 contract

Sources: Lease (BlackRock Inc.)

Fixed Rent. The 2.2.1 Tenant shall pay to Landlord a fixed rent (herein called "Fixed Rent") shall be as followsat the following rates for the following periods: (a) FIVE HUNDRED ELEVEN THOUSAND EIGHT HUNDRED SIXTEEN and 56/100 DOLLARS ($511,816.56) (i.e., $19.50 per rentable square foot of the Premises), per annum, for the period commencing on from the Rent Commencement Date to and ending on including the day immediately preceding the fifth second (5th2nd) anniversary of the Rent Commencement Date (the “First Rent Period”) Fifty Million Eight Hundred Sixteen Thousand Three Hundred Eighty-Nine and 19/100 Dollars ($50,816,389.19) per annum, payable in equal monthly installments of Four Million Two Hundred Thirty-Four Thousand Six Hundred Ninety-Nine and 10/100 Dollars ($4,234,699.10), based on the rate per annum of $59.99 per Qualified RSF of the PremisesDate; (b) FIVE HUNDRED FIFTY-ONE THOUSAND ONE HUNDRED EIGHTY-SEVEN and 00/100 DOLLARS ($551,187.00) (i.e., $21.00 per rentable square foot of the Premises), per annum, for the period commencing on from the fifth second (5th2nd) anniversary of the Rent Commencement Date to and ending on including the day immediately preceding the tenth third (10th3rd) anniversary of the Rent Commencement Date (the “Second Rent Period”) Fifty-Eight Million Four Hundred Forty Thousand One Hundred Eighteen and 19/100 Dollars ($58,440,118.19) per annum, payable in equal monthly installments of Four Million Eight Hundred Seventy Thousand Nine and 85/100 Dollars ($4,870,009.85), based on the rate per annum of $68.99 per Qualified RSF of the PremisesDate; (c) FIVE HUNDRED FIFTY-SEVEN THOUSAND SEVEN HUNDRED FORTY-EIGHT and 72/100 DOLLARS ($557,748.72) (i.e., $21.25 per rentable square foot of the Premises), per annum, for the period commencing on from the tenth third (10th3rd) anniversary of the Rent Commencement Date to and ending on including the day immediately preceding the fifteenth fourth (15th4th) anniversary of the Rent Commencement Date Date; (the “Third Rent Period”d) Sixty-Six Million Sixty-Three Thousand Eight Hundred Forty-Seven SIX HUNDRED TEN THOUSAND TWO HUNDRED FORTY- TWO and 19/100 Dollars 72/100 DOLLARS ($66,063,847.19610,242.72) (i.e., $23.25 per rentable square foot of the Premises), per annum, payable in equal monthly installments of Five Million Five Hundred Five Thousand Three Hundred Twenty and 60/100 Dollars for the period from the fourth ($5,505,320.60), based on the rate per annum of $77.99 per Qualified RSF 4th) anniversary of the PremisesCommencement Date to and including the day immediately preceding the seventh (7th) anniversary of the Commencement Date; and (de) SIX HUNDRED SIXTY-TWO THOUSAND SEVEN HUNDRED THIRTY-SIX and 72/100 DOLLARS ($662,736.72) (i.e., $25.25 per rentable square foot of the Premises), per annum, for the period commencing on from the fifteenth seventh (15th7th) anniversary of the Rent Commencement Date to and ending upon including the Expiration Date (or, if the Term is extended pursuant to Article 9, the date of expiration of the initial Term) (the “Fourth Rent Period”) Seventy-Three Million Six Hundred Eighty-Seven Thousand Five Hundred Seventy-Six and 19/100 Dollars ($73,687,576.19) per annum, payable in equal monthly installments of Six Million One Hundred Forty Thousand Six Hundred Thirty-One and 35/100 Dollars ($6,140,631.35), based on the rate per annum of $86.99 per Qualified RSF of the PremisesDate. (e) Subject to the application of any credits under this Lease and the DCA, 2.2.2 The Fixed Rent shall be payable by Tenant commencing on the Commencement Date and thereafter in equal monthly installments in advance commencing on the Rent Commencement Date and on the first day of each and every calendar month thereafter (provided that if during the Rent Commencement Date is not the first day of a monthTerm, then Fixed Rent for the month in which the Rent Commencement Date occurs shall be prorated (based on the number of days elapsed and the actual number of days in such month) and paid on the Rent Commencement Date). “Rent Commencement Date” means the later of (i) May 1, 2023 or (ii) the date occurring in the [****] month after the Possession Date (or such earlier date on which the Possession Date would have occurred but for any Tenant Delay) (such later date the “Rent Commencement Trigger”) which is the same numerical date in the month except as the Rent Commencement Trigger (except that if no such numerical date shall exist in such [****] month, the Rent Commencement Date shall be the first day of the [****] month), subject to extension of the Rent Commencement Date from time to time as hereinafter provided in Sections 6.3(b), 7.4(f) and 7.5(b) of the DCA. If the Rent Commencement Date is extended pursuant to such this Section 7.5(b) of the DCA, such extension shall be without duplication, and if there are multiple bases for extension of the Rent Commencement Date pursuant to Section 7.5(b) of the DCA, Tenant shall be entitled to an extension of the Rent Commencement Date for the longest period of delay2.2.

Appears in 1 contract

Sources: Lease (Ion Networks Inc)

Fixed Rent. The fixed (a) Fixed annual rent (hereinafter referred to as the “Fixed Rent”) shall be as follows: (a) waived for the period commencing on the Rent Commencement Date and ending on the day immediately preceding the fifth first twelve (5th12) anniversary months of the Rent Commencement Date Initial Term (the “First Rent Abatement Period”) Fifty Million Eight Hundred Sixteen Thousand Three Hundred Eighty-Nine and 19/100 Dollars ($50,816,389.19) per annum, payable in equal monthly installments of Four Million Two Hundred Thirty-Four Thousand Six Hundred Ninety-Nine and 10/100 Dollars ($4,234,699.10), based on provided that no default by Tenant, shall have occurred during the rate per annum Abatement Period, and that the abated Fixed Rent shall be recoverable by Landlord as damages under Section 13.04 of $59.99 per Qualified RSF of the Premises; (b) for the period commencing on the fifth (5th) anniversary of the Rent Commencement Date and ending on the day immediately preceding the tenth (10th) anniversary of the Rent Commencement Date (the “Second Rent Period”) Fifty-Eight Million Four Hundred Forty Thousand One Hundred Eighteen and 19/100 Dollars ($58,440,118.19) per annum, payable in equal monthly installments of Four Million Eight Hundred Seventy Thousand Nine and 85/100 Dollars ($4,870,009.85), based on the rate per annum of $68.99 per Qualified RSF of the Premises; (c) for the period commencing on the tenth (10th) anniversary of the Rent Commencement Date and ending on the day immediately preceding the fifteenth (15th) anniversary of the Rent Commencement Date (the “Third Rent Period”) Sixty-Six Million Sixty-Three Thousand Eight Hundred Forty-Seven and 19/100 Dollars ($66,063,847.19) per annum, payable in equal monthly installments of Five Million Five Hundred Five Thousand Three Hundred Twenty and 60/100 Dollars ($5,505,320.60), based on the rate per annum of $77.99 per Qualified RSF of the Premises; and (d) for the period commencing on the fifteenth (15th) anniversary of the Rent Commencement Date and ending upon the Expiration Date (or, if the Term is extended pursuant to Article 9, the date of expiration of the initial Term) (the “Fourth Rent Period”) Seventy-Three Million Six Hundred Eighty-Seven Thousand Five Hundred Seventy-Six and 19/100 Dollars ($73,687,576.19) per annum, payable in equal monthly installments of Six Million One Hundred Forty Thousand Six Hundred Thirty-One and 35/100 Dollars ($6,140,631.35), based on the rate per annum of $86.99 per Qualified RSF of the Premises. (e) this Lease. Subject to the application of any credits under this Lease and the DCAforegoing, Fixed Rent shall be payable by Tenant in equal monthly installments in advance commencing on the Rent Commencement Date and on date (the first day of each calendar month thereafter (provided that if the Rent Commencement Date is not the first day of a month, then Fixed Rent for the month in which the Rent Commencement Date occurs shall be prorated (based on the number of days elapsed and the actual number of days in such month) and paid on the Rent Commencement Date). “Rent ”) that is twelve (12) months after the Commencement Date” means . It is the later parties’ intention that Fixed Rent shall be paid for fourteen (14) consecutive years during the Initial Term, commencing as of the end of the Abatement Period. (b) Tenant covenants to pay Landlord the Fixed Rent during the Initial Term as follows: (i) May 1For the first Lease Year (as hereinafter defined) of the Term, 2023 or the Fixed Rent shall be One Million Three Hundred Seventy Two Thousand Five Hundred Eighty eight and 50/100 Dollars ($1,372,588.50) per annum ($114,382.38 per month); (ii) For the date occurring in second Lease Year of the [****] month after the Possession Date (or such earlier date on which the Possession Date would have occurred but for any Tenant Delay) (such later date the “Rent Commencement Trigger”) which is the same numerical date in the month as the Rent Commencement Trigger (except that if no such numerical date shall exist in such [****] monthTerm, the Fixed Rent Commencement Date shall be One Million Four Hundred Thousand Forty and 27/100 Dollars ($1,400,040.27) per annum ($116,670.02 per month); (iii) For the first day third Lease Year of the [****] Term, the Fixed Rent shall be One Million Four Hundred Twenty Eight Thousand Forty One and 08/100 Dollars ($1,428,041.08) per annum ($119,003.42 per month), subject to extension ; (iv) For the fourth Lease Year of the Term, the Fixed Rent Commencement Date from time to time as provided in Sections 6.3(bshall be One Million Four Hundred Fifty Six Thousand Six Hundred One and 90/100 Dollars ($1,456,601.90) per annum ($121,383.49 per month), 7.4(f; (v) and 7.5(b) For the fifth Lease Year of the DCA. If Term, the Fixed Rent Commencement Date is extended pursuant to such Section 7.5(bshall be One Million Four Hundred Eighty Five Thousand Seven Hundred Thirty Three and 93/100 Dollars ($1,485,733.93) per annum ($123,811.16 per month); (vi) For the sixth Lease Year of the DCATerm, such extension the Fixed Rent shall be without duplication, One Million Five Hundred Fifteen Thousand Four Hundred Forty Eight and if there are multiple bases for extension 61/100 Dollars ($1,515,448.61) per annum ($126,287.38 per month); (vii) For the seventh Lease Year of the Term, the Fixed Rent Commencement Date pursuant to Section 7.5(bshall be One Million Five Hundred Forty Five Thousand Seven Hundred Fifty Seven and 59/100 Dollars ($1,545,757.59) per annum ($128,813.13 per month); (viii) For the eighth Lease Year of the DCATerm, Tenant the Fixed Rent shall be entitled to an extension of the Rent Commencement Date for the longest period of delay.One Million Five Hundred Seventy Six Thousand Six Hundred Seventy Two and 74/100 Dollars ($1,576,672.74) per annum ($131,389.39 per month);

Appears in 1 contract

Sources: Lease Agreement (GTJ REIT, Inc.)

Fixed Rent. (A) The annual fixed rent for the Premises (the annual fixed rent payable hereunder for the Premises at any particular time being referred to herein as the “Fixed Rent”) shall be as followsbe: (a1) the product obtained by multiplying (x) the Electricity Inclusion Rate, by (y) the number of square feet of Rentable Area comprising the Premises, for the period commencing on the Commencement Date and ending on the date immediately preceding the Rent Commencement Date; (2) Two Hundred Nineteen Thousand Fifteen Dollars and Ninety-Six Cents ($219,015.96) ($18,251.33 per month) for the period commencing on the Rent Commencement Date and ending on the day immediately preceding the fifth date that is one (5th1) anniversary of year after the Rent Commencement Date Date; (the “First Rent Period”3) Fifty Million Eight Hundred Sixteen Thousand Three Hundred Eighty-Nine and 19/100 Dollars ($50,816,389.19) per annum, payable in equal monthly installments of Four Million Two Hundred ThirtyTwenty-Four Thousand Six One Hundred Ninety-Nine Eight Dollars and 10/100 Dollars Four Cents ($4,234,699.10), based on the rate 224,198.04) ($18,683.17 per annum of $59.99 per Qualified RSF of the Premises; (bmonth) for the period commencing on the fifth date that is one (5th1) anniversary of year after the Rent Commencement Date and ending on the day immediately preceding the tenth date that is two (10th2) anniversary of years after the Rent Commencement Date (the “Second Rent Period”) Fifty-Eight Million Four Hundred Forty Thousand One Hundred Eighteen and 19/100 Dollars ($58,440,118.19) per annum, payable in equal monthly installments of Four Million Eight Hundred Seventy Thousand Nine and 85/100 Dollars ($4,870,009.85), based on the rate per annum of $68.99 per Qualified RSF of the PremisesDate; (c4) Two Hundred Forty-One Thousand Two Hundred Forty-Two Dollars and Seventy-Two Cents ($241,242.72) ($20,103.56 per month) for the period commencing on the tenth date that is two (10th2) anniversary of years after the Rent Commencement Date and ending on the day immediately preceding the fifteenth date that is three (15th3) anniversary of years after the Rent Commencement Date Date; (the “Third Rent Period”5) Sixty-Six Million Sixty-Three Thousand Eight Two Hundred Forty-Seven Six Thousand Nine Hundred Eighty Dollars and 19/100 Dollars Forty Cents ($66,063,847.19246,980.40) per annum, payable in equal monthly installments of Five Million Five Hundred Five Thousand Three Hundred Twenty and 60/100 Dollars ($5,505,320.60), based on the rate 20,581.70 per annum of $77.99 per Qualified RSF of the Premises; and (dmonth) for the period commencing on the fifteenth date that is three (15th3) anniversary of years after the Rent Commencement Date and ending upon on the Expiration Date (or, if the Term is extended pursuant to Article 9, day immediately preceding the date of expiration of that is four (4) years after the initial TermRent Commencement Date; and (6) Two Hundred Fifty-Two Thousand Eight Hundred Sixty-One Dollars and Sixty Cents ($252,861.60) ($21,071.80 per month) for the “Fourth Rent Period”) Seventy-Three Million Six Hundred Eighty-Seven Thousand Five Hundred Seventy-Six and 19/100 Dollars ($73,687,576.19) per annum, payable in equal monthly installments of Six Million One Hundred Forty Thousand Six Hundred Thirty-One and 35/100 Dollars ($6,140,631.35), based period commencing on the rate per annum of $86.99 per Qualified RSF of the Premises. date that is four (e4) Subject to the application of any credits under this Lease and the DCA, Fixed Rent shall be payable by Tenant in equal monthly installments in advance commencing on years after the Rent Commencement Date and ending on the first day of each calendar month thereafter (provided that if the Rent Commencement Date is not the first day of a month, then Fixed Rent for the month in which the Rent Commencement Date occurs shall be prorated (based on the number of days elapsed and the actual number of days in such month) and paid on the Rent Commencement Expiration Date). “Rent Commencement Date” means the later of (i) May 1, 2023 or (ii) the date occurring in the [****] month after the Possession Date (or such earlier date on which the Possession Date would have occurred but for any Tenant Delay) (such later date the “Rent Commencement Trigger”) which is the same numerical date in the month as the Rent Commencement Trigger (except that if no such numerical date shall exist in such [****] month, the Rent Commencement Date shall be the first day of the [****] month), subject to extension of the Rent Commencement Date from time to time as provided in Sections 6.3(b), 7.4(f) and 7.5(b) of the DCA. If the Rent Commencement Date is extended pursuant to such Section 7.5(b) of the DCA, such extension shall be without duplication, and if there are multiple bases for extension of the Rent Commencement Date pursuant to Section 7.5(b) of the DCA, Tenant shall be entitled to an extension of the Rent Commencement Date for the longest period of delay.

Appears in 1 contract

Sources: Lease (Riverbed Technology, Inc.)

Fixed Rent. The fixed (i) Subtenant shall pay to Sublandlord rent (herein called the “Fixed Rent”) shall be as follows: (ainclusive of electricity) for the period commencing on the Rent Commencement Date and ending on the day immediately preceding Expiration Date, both dates inclusive, at the fifth (5th) anniversary of annual rates set forth below: From the Rent Commencement Date through and including the end of the twelfth (12th) month, the “First Fixed Annual Rent Period”) Fifty Million Eight shall be Four Hundred Sixteen Ten Thousand Three Two Hundred Eighty-Nine Twenty Dollars and 19/100 Dollars No Cents ($50,816,389.19) per annum410,220.00), payable in equal monthly installments of Four Million Two Hundred Thirty-Four Thousand Six Hundred Ninety-Nine and 10/100 Dollars ($4,234,699.10), based on 34,185.00; From the rate per annum of $59.99 per Qualified RSF beginning of the Premises; thirteenth (b13th) for the period commencing on the fifth (5th) anniversary of month following the Rent Commencement Date through and ending on including the day immediately preceding the tenth (10th) anniversary end of the twenty fourth (24th) month, the Fixed Annual Rent Commencement Date (the “Second Rent Period”) Fifty-Eight Million shall be Four Hundred Forty Twenty One Thousand One Five Hundred Eighteen Sixty Four Dollars and 19/100 Dollars Fifty Cents ($58,440,118.19) per annum421,564.50), payable in equal monthly installments of Four Million Eight Hundred Seventy Thousand Nine and 85/100 Dollars ($4,870,009.85), based on 35,130.38; From the rate per annum of $68.99 per Qualified RSF beginning of the Premises; twenty fifth (c25th) for the period commencing on the tenth (10th) anniversary of month following the Rent Commencement Date through and ending on including the day immediately preceding the fifteenth (15th) anniversary end of the thirty sixth (36th) month, the Fixed Annual Rent Commencement Date (the “Third Rent Period”) Sixty-Six Million Sixty-shall be Four Hundred Thirty Three Thousand Eight Two Hundred Forty-Seven Forty Nine Dollars and 19/100 Dollars Thirty Four Cents ($66,063,847.19) per annum433,249.34), payable in equal monthly installments of Five Million Five Hundred Five Thousand Three Hundred Twenty and 60/100 Dollars ($5,505,320.60), based on 36,104.11; From the rate per annum of $77.99 per Qualified RSF beginning of the Premises; and thirty seventh (d37th) for the period commencing on the fifteenth (15th) anniversary of month following the Rent Commencement Date of this Lease through and ending upon including the Expiration Date end of the forty eighth (or, if the Term is extended pursuant to Article 948th) month, the date of expiration of the initial Term) (the “Fourth Fixed Annual Rent Period”) Seventy-Three Million shall be Four Hundred Sixty Six Thousand Six Hundred Eighty-Seven Thousand Five Hundred Seventy-Six Sixty Four Dollars and 19/100 Dollars Seventy Two Cents ($73,687,576.19) per annum466,664.72), payable in equal monthly installments of $38,888.73; From the beginning of the forty ninth (49th) month following the Rent Commencement Date of this Lease through and including the end of the sixtieth (60th) month, the Fixed Annual Rent shall be Four Hundred Seventy Nine Thousand Seven Hundred Two Dollars and Fifty Six Million Cents ($479,702.56), payable in equal monthly installments of $39,975.21; From the beginning of the sixty first (61st) month following the Rent Commencement Date of this Lease through and including the end of the seventy second (72nd) month, the Fixed Annual Rent shall be Four Hundred Ninety Three Thousand One Hundred Thirty One Dollars and Fifty Three Cents ($493,131.53), payable in equal monthly installments of $41,094.29; From the beginning of the seventy third (73rd) month following the Rent Commencement Date of this Lease through and including the end of the eighty fourth (84th) month, the Fixed Annual Rent shall be Five Hundred Six Thousand Nine Hundred Sixty Three Dollars and Thirty Eight Cents ($509,963.38), payable in equal monthly installments of $42,246.95; From the beginning of the eighty fifth (85th) month following the Rent Commencement Date of this Lease through and including the end of the ninety sixth (96th) month, the Fixed Annual Rent shall be Five Hundred Forty Two Thousand Five Hundred Ninety Dollars and Eighteen Cents ($542,590.18), payable in equal monthly installments of $45,215.85; From the beginning of the ninety seventh (97th) month following the Rent Commencement Date of this Lease through and including the end of the one hundred eighth (108th) month, the Fixed Annual Rent shall be Five Hundred Fifty Seven Thousand Nine Hundred Five Dollars and Seventy Nine Cents ($557,905.79), payable in equal monthly installments of $46,492.15; From the beginning of the one hundred ninth (109th) month following the Rent Commencement Date of this Lease through and including the end of the one hundred twentieth (120th) month, the Fixed Annual Rent shall be Five Hundred Seventy Three Thousand Six Hundred Thirty-One Eighty Dollars and 35/100 Dollars Eighty Six Cents ($6,140,631.35573,680.86), based payable in equal monthly installments of $47,806.74; From the beginning of the one hundred twenty first (121st) month following Rent Commencement Date of this Lease through and including the Expiration Date, the Fixed Annual Rent shall be Five Hundred Eighty Nine Thousand Nine Hundred Twenty Nine Dollars and Nineteen Cents ($589,929.19), payable in equal monthly installments of $49,160.77. Notwithstanding the foregoing, and provided that the Subtenant is not then in default, Subtenant is being provided an abatement (the “Concession Period Abatement”) and is being conditionally excused from the payment of Fixed Rent in an amount equal to Two Hundred Thirty Five Thousand Three Hundred Seventy Dollars and No Cents ($235,370.00) which represents and which shall be credited against, in the aggregate, the Fixed Rent, exclusive of electricity, for: the first five (5) months of this Sublease for 10,690 square feet of the Subleased Premises; the thirteenth (13th) and fourteenth (14th) months of this Sublease for 5,845 square feet of the Subleased Premises and which represents the 23rd floor portion of the Subleased Premises; the thirteenth (13th), fourteenth (14th) and fifteenth (15th) months of this Sublease for 4,845 square feet of the Subleased Premises and which represents the 24th floor portion of the Subleased Premises. The amount of the rent concession is calculated on the rate fixed rent per annum of $86.99 per Qualified RSF square foot applicable at such time as the abatement is due. If at any time prior to the expiration of the Premises.Term, this Sublease shall be terminated by Sublandlord in accordance with the terms of this Sublease and/or applicable law by reason of a Subtenant breach and/or default by Subtenant with regard to (x) any monetary covenant on its part to be complied with or performed (after expiration of applicable notice and/or grace periods), and/or (y) any non-monetary covenant, agreement or term on its part to be complied with or performed (after expiration of applicable notice and/or grace periods), then, upon the occurrence such termination, and only upon such termination (as opposed to default and/or breach not resulting in a termination of this Sublease), the unamortized portion of the Concession Period Abatement so conditionally excused shall become immediately due and payable by Subtenant to Sublandlord. A schedule of the Fixed Rent and the Concession Period Abatement are more fully set forth in Exhibit E. (eii) Subject to the application of any credits under this Lease and the DCA, The Fixed Rent shall be payable by Tenant paid to Sublandlord in equal monthly installments in advance commencing on the Rent Commencement Date and on or before the first day of each calendar month thereafter during the term of this Sublease, except that the first month’s Fixed Rent shall be paid simultaneously with the execution hereof. Fixed Rent, Additional Rent (as hereinafter deemed) and other charges payable hereunder shall be paid promptly when due, without notice or demand therefore in the case of Fixed Rent (except where Additional Rent is due in fixed monthly payments and Subtenant has been provided with a notice of such monthly amount; in which event, monthly invoices on account of such Additional Rent items shall not be necessary), and without deduction, abatement, counterclaim or set off of any amount or for any reason whatsoever. Sublandlord shall give Subtenant notice of any change in Additional Rent or other charges payable hereunder; provided, however, that if failure to give such notice shall not limit Sublandlord’s rights to collect Additional Rent or other charges due and payable hereunder retroactively after the giving of said notice and in no event shall failure to give such notice be deemed a waiver of Sublandlord’s rights to collect such Additional Rent or other charges payable hereunder. Sublandlord shall have the same remedies for a default in the payment of Additional Rent and other charges payable hereunder as it has for a default in the payment of Fixed Rent. If the Rent Commencement Date is not or Expiration Date shall occur on a date other than the first (1st) day of a calendar month, then the Fixed Rent for the such month in which the Rent Commencement Date occurs shall be prorated (pro-rated based on the number of days elapsed and the actual number of days in such calendar month) and paid on the Rent Commencement Date). “Rent Commencement Date” means the later of (i) May 1, 2023 or (ii) the date occurring in the [****] month after the Possession Date (or such earlier date on which the Possession Date would have occurred but for any Tenant Delay) (such later date the “Rent Commencement Trigger”) which is the same numerical date in the month as the Rent Commencement Trigger (except that if no such numerical date shall exist in such [****] month, the Rent Commencement Date shall be the first day of the [****] month), subject to extension of the Rent Commencement Date from time to time as provided in Sections 6.3(b), 7.4(f) and 7.5(b) of the DCA. If the Rent Commencement Date is extended pursuant to such Section 7.5(b) of the DCA, such extension shall be without duplication, and if there are multiple bases for extension of the Rent Commencement Date pursuant to Section 7.5(b) of the DCA, Tenant shall be entitled to an extension of the Rent Commencement Date for the longest period of delay.

Appears in 1 contract

Sources: Sublease (Patients & Physicians, Inc.)

Fixed Rent. (A) The annual fixed rent for the Premises (the annual fixed rent payable hereunder for the Premises at any particular time being referred to herein as the "Fixed Rent") shall be as followsbe: (a1) Twelve Million One Hundred Sixty-One Thousand Fifty-Two and No/100 Dollars ($12,161,052.00) per annum ($1,013,421.00 per month) for the period commencing on the Rent Commencement Date and ending on the day immediately preceding the date that is the fifth (5th) anniversary of the Rent Commencement Date Date; (the “First Rent Period”2) Fifty Million Eight Hundred Sixteen Thousand Three Hundred Eighty-Nine and 19/100 Dollars ($50,816,389.19) per annum, payable in equal monthly installments of Four Thirteen Million Two Hundred Thirty-Four Thousand Eighty-Six Hundred Ninety-Nine and 10/100 No/100 Dollars ($4,234,699.10), based on the rate 13,234,086.00) per annum of ($59.99 1,102,840.50 per Qualified RSF of the Premises; (bmonth) for the period commencing on the date that is the fifth (5th) anniversary of the Rent Commencement Date and ending on the day immediately preceding the date that is the tenth (10th) anniversary of the Rent Commencement Date Date; and (the “Second Rent Period”3) Fifty-Eight Fourteen Million Four Three Hundred Forty Seven Thousand One Hundred Eighteen Twenty and 19/100 No/100 Dollars ($58,440,118.1914,307,120.00) per annum, payable in equal monthly installments of Four Million Eight Hundred Seventy Thousand Nine and 85/100 Dollars annum ($4,870,009.85), based on the rate 1,192,260.00 per annum of $68.99 per Qualified RSF of the Premises; (cmonth) for the period commencing on the date that is the tenth (10th) anniversary of the Rent Commencement Date and ending on the day immediately preceding the fifteenth (15th) anniversary of the Rent Commencement Date (the “Third Rent Period”) Sixty-Six Million Sixty-Three Thousand Eight Hundred Forty-Seven and 19/100 Dollars ($66,063,847.19) per annum, payable in equal monthly installments of Five Million Five Hundred Five Thousand Three Hundred Twenty and 60/100 Dollars ($5,505,320.60), based on the rate per annum of $77.99 per Qualified RSF of the Premises; and (d) for the period commencing on the fifteenth (15th) anniversary of the Rent Commencement Date and ending upon the Fixed Expiration Date (or, if the Term is extended pursuant to Article 9, the date of expiration of the initial Term) (the “Fourth Rent Period”) Seventy-Three Million Six Hundred Eighty-Seven Thousand Five Hundred Seventy-Six and 19/100 Dollars ($73,687,576.19) per annum, payable in equal monthly installments of Six Million One Hundred Forty Thousand Six Hundred Thirty-One and 35/100 Dollars ($6,140,631.35), based on the rate per annum of $86.99 per Qualified RSF of the PremisesDate. (eB) Subject to the application terms of any credits under this Lease Section 1.4(B), Tenant shall be entitled to a credit (the "650 Rent Credit") at the rate of Eighty-Three Thousand Three Hundred Thirty-Three and 33/100 Dollars ($83,333.33) per month against the DCA, Fixed Rent shall be payable by Tenant in equal monthly installments in advance that comes due hereunder for the period commencing on the Rent Commencement Date and ending on February 28, 2027. Tenant shall not be entitled to the first day 650 Rent Credit during any period in which a monetary or material non-monetary Event of each calendar month thereafter (Default has occurred and is continuing, provided that if (x) an Event of Default has occurred and is continuing at a time when Tenant would otherwise be entitled to the 650 Rent Commencement Date is not the first day Credit, and (y) Tenant subsequently cures such Event of a monthDefault, then Fixed Rent for the month in which the Rent Commencement Date occurs shall be prorated (based on the number of days elapsed and the actual number of days in such month) and paid on the Rent Commencement Date). “Rent Commencement Date” means the later of then, (i) May 1from and after the date Tenant cures such Event of Default, 2023 or Tenant shall again be entitled to the 650 Rent Credit and (ii) the date occurring in amount of the [****] month 650 Rent Credit that Tenant did not receive during the continuance of such monetary or material non-monetary Event of Default shall be applied to the Fixed Rent first coming due from and after the Possession Date date that Tenant cures such Event of Default until thereafter exhausted (or such earlier date on that Tenant receives the entire 650 Rent Credit to which the Possession Date Tenant would have occurred but for any Tenant Delay) (such later date the “Rent Commencement Trigger”) which is the same numerical date in the month as the Rent Commencement Trigger (except that been entitled if no such numerical date Event of Default had occurred). Nothing contained in this Section 1.4(B) diminishes Landlord's rights and remedies after the occurrence of an Event of Default. (C) The term "Rental" shall exist in such [****] monthmean, collectively, the Rent Commencement Date shall be Fixed Rent, the first day of Escalation Rent, the [****] month), subject additional rent payable by Tenant to extension of the Rent Commencement Date from time to time as provided in Sections 6.3(b), 7.4(f) and 7.5(b) of the DCA. If the Rent Commencement Date is extended pursuant to such Section 7.5(b) of the DCA, such extension shall be without duplicationLandlord hereunder, and if there are multiple bases for extension of the Rent Commencement Date pursuant all other amounts payable by Tenant to Section 7.5(b) of the DCA, Tenant shall be entitled to an extension of the Rent Commencement Date for the longest period of delayLandlord hereunder.

Appears in 1 contract

Sources: Lease (Clear Secure, Inc.)

Fixed Rent. The (a) Tenant shall pay to Landlord a fixed rent (“Fixed Rent”herein referred to as "fixed rent") shall be as follows: (ai) for TWO HUNDRED FIFTY-THREE THOUSAND SIX HUNDRED EIGHTY and 00/100 ($253,680.00) DOLLARS per annum during the period commencing on the Rent Commencement Date and ending on the last day immediately of the month preceding the fifth month in which occurs the third (5th3rd) anniversary of the Rent Commencement Date (the “First Rent Period”) Fifty Million Eight Hundred Sixteen Thousand Three Hundred Eighty-Nine and 19/100 Dollars ($50,816,389.19) per annum, payable in equal monthly installments of Four Million Two Hundred Thirty-Four Thousand Six Hundred Ninety-Nine and 10/100 Dollars ($4,234,699.10), based on the rate per annum of $59.99 per Qualified RSF of the PremisesDate; (bii) for TWO HUNDRED SEVENTY THOUSAND FIVE HUNDRED NINETY-TWO and 00/100 ($270,592.00) DOLLARS per annum during the period commencing on the fifth first day of the month in which occurs the third (5th3rd) anniversary of the Rent Commencement Date and ending on the last day immediately of the month preceding the tenth month in which occurs the seventh (10th7th) anniversary of the Rent Commencement Date Date; and (the “Second Rent Period”iii) Fifty-Eight Million Four Hundred Forty Thousand One Hundred Eighteen TWO HUNDRED EIGHTY SEVEN THOUSAND FIVE HUNDRED FOUR and 19/100 Dollars 00/100 ($58,440,118.19287,504.00) per annum, payable in equal monthly installments of Four Million Eight Hundred Seventy Thousand Nine and 85/100 Dollars ($4,870,009.85), based on the rate DOLLARS per annum of $68.99 per Qualified RSF of the Premises; (c) for during the period commencing on the tenth first day of the month in which occurs the seventh (10th7th) anniversary of the Rent Commencement Date and ending on the day immediately preceding the fifteenth (15th) anniversary of the Rent Commencement Date (the “Third Rent Period”) Sixty-Six Million Sixty-Three Thousand Eight Hundred Forty-Seven and 19/100 Dollars ($66,063,847.19) per annum, payable in equal monthly installments of Five Million Five Hundred Five Thousand Three Hundred Twenty and 60/100 Dollars ($5,505,320.60), based on the rate per annum of $77.99 per Qualified RSF of the Premises; andExpiration Date. (db) for Notwithstanding the provisions of Section 54(a) hereof, the fixed rent payable by Tenant during the one hundred and fifty (150) day period commencing on the fifteenth (15th) anniversary of the Rent Commencement Date and ending upon the Expiration Date (or, if the Term is extended pursuant to Article 9, the date of expiration of the initial Term) (the “Fourth Rent Period”) Seventy-Three Million Six Hundred Eighty-Seven Thousand Five Hundred Seventy-Six and 19/100 Dollars ($73,687,576.19) per annum, payable in equal monthly installments of Six Million One Hundred Forty Thousand Six Hundred Thirty-One and 35/100 Dollars ($6,140,631.35), based on the rate per annum of $86.99 per Qualified RSF of the Premises. (e) Subject to the application of any credits under this Lease and the DCA, Fixed Rent shall be payable by Tenant in equal monthly installments in advance commencing on the Rent Commencement Date and on the first day of each calendar month thereafter (provided that if the Rent Commencement Date is not the first day of a month, then Fixed Rent for the month in which the Rent Commencement Date occurs shall be prorated (based on the number of days elapsed and the actual number of days in such month) and paid on the Rent Commencement Date). “Rent Commencement Date” means the later of (i) May 1, 2023 or (ii) the date occurring in the [****] month after the Possession Date (or such earlier date on which the Possession Date would have occurred but for any Tenant Delay) (such later date the “Rent Commencement Trigger”) which is the same numerical date in the month as the Rent Commencement Trigger (except that if no such numerical date shall exist in such [****] month, the Rent Commencement Date shall be abated. The date immediately following the first day expiration of the [****] month), subject foregoing abatement period is referred to extension of herein as the "Rent Commencement Date from time to time as provided in Sections 6.3(b), 7.4(f) and 7.5(b) of the DCA. If the Rent Commencement Date is extended pursuant to such Section 7.5(b) of the DCA, such extension shall be without duplication, and if there are multiple bases for extension of the Rent Commencement Date pursuant to Section 7.5(b) of the DCA, Tenant shall be entitled to an extension of the Rent Commencement Date for the longest period of delayDate."

Appears in 1 contract

Sources: Office Lease (Wall Street Strategies Corp)

Fixed Rent. (A) The annual fixed rent for the Space A (the Space A Fixed Rent”) shall be as followsbe: (a1) Three Million Five Hundred Thirty Thousand Two Hundred Fifty Dollars and No Cents ($3,530,250.00) ($294,187.50 per month) for the period commencing on the Space A Rent Commencement Date and ending on the day immediately preceding the fifth date that is four (5th4) anniversary of years after the Space A Rent Commencement Date Date; (the “First Rent Period”2) Fifty Three Million Eight Seven Hundred Sixteen Thousand Three Hundred EightySixty-Nine and 19/100 Dollars ($50,816,389.19) per annum, payable in equal monthly installments of Four Million Two Hundred Thirty-Four Five Thousand Six Hundred Ninety-Nine Dollars and 10/100 Dollars No Cents ($4,234,699.10), based on the rate 3,765,600.00) ($313,800.00 per annum of $59.99 per Qualified RSF of the Premises; (bmonth) for the period commencing on the fifth date that is four (5th4) anniversary of years after the Space A Rent Commencement Date and ending on the day immediately preceding the tenth date that is eight (10th) anniversary of 8) years after the Space A Rent Commencement Date Date; and (the “Second Rent Period”3) Fifty-Eight Four Million Four Nine Hundred Forty Thousand One Hundred Eighteen Fifty Dollars and 19/100 Dollars No Cents ($58,440,118.194,000,950.00) per annum, payable in equal monthly installments of Four Million Eight Hundred Seventy Thousand Nine and 85/100 Dollars ($4,870,009.85), based on the rate 333,412.50 per annum of $68.99 per Qualified RSF of the Premises; (cmonth) for the period commencing on the tenth date that is eight (10th8) years after the Space A Rent Commencement Date and ending on the Fixed Expiration Date. (B) anniversary of The annual fixed rent for the Space B (the “Space B Fixed Rent”) shall be: (1) Five Hundred Ninety-Seven Thousand Nine Hundred Dollars and No Cents ($597,900.00) ($49,825.00 per month) for the period commencing on the Space B Rent Commencement Date and ending on the day immediately preceding the fifteenth date that is four (15th4) anniversary of years after the Space B Rent Commencement Date Date; (the “Third Rent Period”2) Sixty-Six Million Sixty-Three Thousand Eight Hundred FortyThirty-Seven Thousand Seven Hundred Sixty Dollars and 19/100 Dollars No Cents ($66,063,847.19637,760.00) per annum, payable in equal monthly installments of Five Million Five Hundred Five Thousand Three Hundred Twenty and 60/100 Dollars ($5,505,320.60), based on the rate 53,146.67 per annum of $77.99 per Qualified RSF of the Premises; and (dmonth) for the period commencing on the fifteenth date that is four (15th4) anniversary of years after the Space B Rent Commencement Date and ending upon on the Expiration Date (or, if the Term is extended pursuant to Article 9, day immediately preceding the date of expiration of that is eight (8) years after the initial TermSpace B Rent Commencement Date; and (3) (the “Fourth Rent Period”) Seventy-Three Million Six Hundred EightySeventy-Seven Thousand Five Six Hundred Seventy-Six Twenty Dollars and 19/100 Dollars No Cents ($73,687,576.19677,620.00) per annum, payable in equal monthly installments of Six Million One Hundred Forty Thousand Six Hundred Thirty-One and 35/100 Dollars ($6,140,631.35), based on 56,468.33 per month) for the rate per annum of $86.99 per Qualified RSF of the Premises. (e) Subject to the application of any credits under this Lease and the DCA, Fixed Rent shall be payable by Tenant in equal monthly installments in advance period commencing on the date that is eight (8) years after the Space B Rent Commencement Date and ending on the first day Fixed Expiration Date; (each of each calendar month thereafter (provided that if the Rent Commencement Date is not the first day of a month, then Space A Fixed Rent for the month in which the Rent Commencement Date occurs shall be prorated (based on the number of days elapsed and the actual number of days in such month) and paid on the Space B Fixed Rent Commencement Date). “Rent Commencement Date” means the later of (i) May 1, 2023 or (ii) the date occurring in the [****] month after the Possession Date (or such earlier date on which the Possession Date would have occurred but for any Tenant Delay) (such later date being referred to herein as the “Applicable Fixed Rent”; the Space A Fixed Rent Commencement Trigger”) which is and the same numerical date in the month Space B Fixed Rent being collectively referred to herein as the Rent Commencement Trigger (except that if no such numerical date shall exist in such [****] month, the Rent Commencement Date shall be the first day of the [****] month“Fixed Rent”), subject to extension of the Rent Commencement Date from time to time as provided in Sections 6.3(b), 7.4(f) and 7.5(b) of the DCA. If the Rent Commencement Date is extended pursuant to such Section 7.5(b) of the DCA, such extension shall be without duplication, and if there are multiple bases for extension of the Rent Commencement Date pursuant to Section 7.5(b) of the DCA, Tenant shall be entitled to an extension of the Rent Commencement Date for the longest period of delay.

Appears in 1 contract

Sources: Lease Agreement (fuboTV Inc. /FL)

Fixed Rent. The fixed Section 9 of the Sublease is hereby amended and modified to provide that (i) Subtenant shall pay to Sublandlord rent (herein called the "Fixed Rent") shall be as follows: (ainclusive of electricity) for the Additional Subleased Premises for period commencing on the Rent Commencement Date and ending on the day immediately preceding Expiration Date, both dates inclusive, at the fifth (5th) anniversary annual rates set forth below: From orn the Commencement Date through and including the end of the twelfth (12th) month, the Fixed Annual Rent Commencement Date (the “First Rent Period”) Fifty Million Eight shall be Six Hundred Sixteen Five Thousand Three Nine Hundred Eighty-Forty Nine Dollars and 19/100 Dollars No Cents ($50,816,389.19) per annum605,949 00), payable in equal monthly installments of Four Million $50,495.75; From the beginning of the thirteenth (13th) month following the Commencement Date through and including the end of the twenty fourth (24th) month, the Fixed Annual Rent shall be Six Hundred Twenty Thousand Two Hundred Thirty-Four Thousand Six Hundred Ninety-Nine Forty Dollars and 10/100 Dollars Twenty Five Cents ($4,234,699.10620,240.25), based on the rate per annum of $59.99 per Qualified RSF of the Premises; (b) for the period commencing on the fifth (5th) anniversary of the Rent Commencement Date and ending on the day immediately preceding the tenth (10th) anniversary of the Rent Commencement Date (the “Second Rent Period”) Fifty-Eight Million Four Hundred Forty Thousand One Hundred Eighteen and 19/100 Dollars ($58,440,118.19) per annum, payable in equal monthly installments of Four Million Eight Hundred Seventy Thousand Nine and 85/100 Dollars ($4,870,009.85), based on 51,689.69; From the rate per annum of $68.99 per Qualified RSF beginning of the Premises; twenty fifth (c25th) for month following the period commencing on Commencement Date through and including the tenth (10th) anniversary end of the thirty sixth (36th) month, the Fixed Annual Rent Commencement Date and ending on the day immediately preceding the fifteenth (15th) anniversary of the Rent Commencement Date (the “Third Rent Period”) Sixty-shall be Six Million Sixty-Three Hundred Thirty Four Thousand Eight Hundred Forty-Seven Eighty Eight Dollars and 19/100 Dollars Seventy Eight Cents ($66,063,847.19) per annum634,888 78), payable in equal monthly installments of Five Million Five $52,907 40; From the beginning of the thirty seventh (37th) month following the Commencement Date of this Lease through and including the end of the forty eighth (48th) month, the Fixed Annual Rent shall be Six Hundred Five Forty Nine Thousand Nine Hundred Three Hundred Twenty Dollars and 60/100 Dollars Fifty Three Cents ($5,505,320.60649,903.53), based on the rate per annum of $77.99 per Qualified RSF of the Premises; and (d) for the period commencing on the fifteenth (15th) anniversary of the Rent Commencement Date and ending upon the Expiration Date (or, if the Term is extended pursuant to Article 9, the date of expiration of the initial Term) (the “Fourth Rent Period”) Seventy-Three Million Six Hundred Eighty-Seven Thousand Five Hundred Seventy-Six and 19/100 Dollars ($73,687,576.19) per annum, payable in equal monthly installments of Six Million One Hundred Forty Thousand Six Hundred Thirty-One and 35/100 Dollars ($6,140,631.35), based on 54,158.63; From the rate per annum of $86.99 per Qualified RSF beginning of the Premises. forty ninth (e49tth) Subject to month following the application Commencement Date of any credits under this Lease through and including the DCAend of the sixtieth (60th) month, the Fixed Annual Rent shall be Six Hundred Sixty Five Thousand Two Hundred Ninety Three Dollars and Sixty Four Cents ($665,293 64), payable by Tenant in equal monthly installments in advance commencing on of $55,441,14; From the Rent Commencement Date beginning of the sixty first (61st) month through and on including the first day end of each calendar month thereafter the seventy second (provided that if the Rent Commencement Date is not the first day of a month, then Fixed Rent for the month in which the Rent Commencement Date occurs shall be prorated (based on the number of days elapsed and the actual number of days in such month72nd) and paid on the Rent Commencement Date). “Rent Commencement Date” means the later of (i) May 1, 2023 or (ii) the date occurring in the [****] month after the Possession Date (or such earlier date on which the Possession Date would have occurred but for any Tenant Delay) (such later date the “Rent Commencement Trigger”) which is the same numerical date in the month as the Rent Commencement Trigger (except that if no such numerical date shall exist in such [****] month, the Fixed Annual Rent Commencement Date shall be Seven Hundred Thirty Eight Thousand Two Hundred Thirty Three Dollars and Fifty One Cents ($738,233 51), payable in equal monthly installments of $61,519.46; From the beginning of the seventy third (73td) month through and including the end of the eighty fourth (84th) month, the Fixed Annual Rent shall be Seven Hundred Fifty Five Thousand Eight Hundred Thirty One Dollars and Eighty Seven Cents ($755,831.87), payable in equal monthly installments of $62,985.99; From the beginning of the eighty fifth (85th) month through and including the end of the ninety sixth (96th) month, the Fixed Annual Rent shall be Seven Hundred Seventy Three Thousand Eight Hundred Seventy Dollars and Nineteen Cents ($'773,8'70..19), payable in equal monthly installments of $64,489..18; From the beginning of the ninety seventh (97th) month through and including the end of the one hundred eighth (108th) month, the Fixed Annual Rent shall be Seven Hundred Ninety Two Thousand Three Hundred Fifty Nine Dollars and Forty Seven Cents ($792,359 47), payable in equal monthly installments of $66,029.96; From the beginning of the one hundred ninth (109th) month through and including the end of the one hundred twentieth (120th) month, the Fixed Annual Rent shall be Eight Hundred Eleven Thousand Three Hundred Ten Dollars and Ninety Eight Cents ($811,310.98), payable in equal monthly installments of $67,609.02; From the beginning of the one hundred twenty first (1215f) month through and including the end of the one hundred thirty second (132nd) month, the Fixed Annual Rent shall be Eight Hundred Thirty Thousand Seven Hundred Thirty Six Dollars and Twenty Eight Cents ($830,73628), payable in equal monthly installments of $69,228 02; From the beginning of the one hundred thirty third (133`d) month through and including the Expiration Date, the Fixed Annual Rent shall be Eight Hundred Fifty Thousand Six Hundred Forty Seven Dollars and Twenty One Cents ($850,647.21), payable in equal monthly installments of $70,887 27; Notwithstanding the foregoing and provided that Subtenant is not then in default, Subtenant is being provided an abatement (the "Additional Subleased Premises Concession Period Abatement") and is being conditionally excused fiom the payment of Fixed Rent in an amount equal to One Hundred Forty Two Thousand Nine Hundred Twelve Dollars and Fifty Cents ($142,912 50) which represents and which shall be credited against, in the aggregate the Fixed Rent, exclusive of electricity, for the first day three (3) months of the [****] monthterm of this Sublease for the Additional Subleased Premises. If at any time during the term of this Sublease Subtenant shall be in breach and/or default of this Sublease (after expiration of applicable notice and/or grace periods), subject the Additional Subleased Premises Concession Period Abatement so conditionally excused shall become immediately due and payable by Subtenant to extension of the Rent Commencement Date from time to time as provided in Sections 6.3(b), 7.4(f) and 7.5(b) of the DCA. If the Rent Commencement Date is extended pursuant to such Section 7.5(b) of the DCA, such extension shall be without duplication, and if there are multiple bases for extension of the Rent Commencement Date pursuant to Section 7.5(b) of the DCA, Tenant shall be entitled to an extension of the Rent Commencement Date for the longest period of delay.Sublandlord

Appears in 1 contract

Sources: Sublease (Dial Global, Inc. /De/)

Fixed Rent. (a) The fixed rent for the 19th Floor (“Fixed "19th Floor Rent") shall be as follows: (ai) for the period commencing on the Rent Commencement Date and ending on the day immediately preceding the fifth (5th) 5th anniversary of the Rent Commencement Date (the “First Rent Period”) Fifty Million Date, Seven Hundred Nine Thousand Six Hundred Sixty-Eight Hundred Sixteen Thousand Three Hundred Eighty-Nine and 19/100 Dollars 00/100 ($50,816,389.19709,668.00) Dollars per annum, payable in equal monthly installments of Four Million Two Fifty-Nine Thousand One Hundred Thirty-Four Thousand Six Hundred Ninety-Nine and 10/100 00/100 ($59,139.00) Dollars (an annual rate of $4,234,699.1036.00 per rentable square foot contained in the 19th Floor), based on the rate per annum of $59.99 per Qualified RSF of the Premises; (bii) for the period commencing on the fifth (5th) 5th anniversary of the Rent Commencement Date and ending on the day immediately preceding the tenth (10th) 10th anniversary of the Rent Commencement Date (the “Second Rent Period”) FiftyDate, Seven Hundred Sixty-Eight Million Four Thousand Eight Hundred Forty Thousand One Hundred Eighteen Seven and 19/100 Dollars 00/100 ($58,440,118.19768,807.00) Dollars per annum, payable in equal monthly installments of Sixty-Four Million Eight Hundred Seventy Thousand Nine Sixty-Seven and 85/100 25/100 ($64,067.25) Dollars ($4,870,009.85), based on the an annual rate per annum of $68.99 39.00 per Qualified RSF of rentable square foot contained in the Premises; 19th Floor) and (c) for the period commencing on the tenth (10th) 10th anniversary of the Rent Commencement Date and ending on the day immediately preceding the fifteenth (15th) anniversary of the Rent Commencement Date (the “Third Rent Period”) SixtyExpiration Date, Eight Hundred Twenty-Six Million Sixty-Three Seven Thousand Eight Nine Hundred Forty-Seven Six and 19/100 Dollars 00/100 ($66,063,847.19827,946.00) Dollars per annum, payable in equal monthly installments of Sixty-Eight Thousand Nine Hundred Ninety-Five Million Five Hundred Five Thousand Three Hundred Twenty and 60/100 50/100 ($68,995.50) Dollars ($5,505,320.60), based on the an annual rate per annum of $77.99 42.00 per Qualified RSF of rentable square foot contained in the Premises; and 19th Floor). The fixed rent for the 19th Floor Mezzanine (dthe "19th Floor Mezzanine Rent") shall be, for the period commencing on the fifteenth (15th) anniversary of the Rent Commencement Date and ending upon on the Expiration Date (orDate, if the Term is extended pursuant to Article 9, the date of expiration of the initial Term) (the “Fourth Rent Period”) Seventy-Three Million Six Forty Thousand Four Hundred Eighty-Seven Thousand Five Hundred Seventy-Six Forty and 19/100 Dollars 00/100 ($73,687,576.1940,440.00) Dollars per annum, payable in equal monthly installments of Six Million One Three Thousand Three Hundred Forty Thousand Six Hundred Thirty-One Seventy and 35/100 00/100 ($3,370.00) Dollars ($6,140,631.35), based on the an annual rate per annum of $86.99 20.00 per Qualified RSF of rentable square foot contained in the Premises. (e) Subject to the application of any credits under this Lease 19th Floor Mezzanine). The 19th Floor Rent and the DCA, 19th Floor Mezzanine Rent shall collectively be referred to as the "Fixed Rent." Fixed Rent shall be payable by Tenant in equal monthly installments in advance commencing on the Rent Commencement Date and on the first day of each calendar month thereafter (thereafter; provided, that Tenant shall pay, upon the Possession Date, the first full monthly installment of Fixed Rent; and provided further, that if the Rent Commencement Date is not the first day of a month, then Fixed Rent for the month in which the Rent Commencement Date occurs shall be prorated (based on the number of days elapsed and the actual number of days in such month) and paid on the Rent Commencement Date). "Rent Commencement Date" means the later of (i) May 1, 2023 or (ii) the date occurring in the [****] sixth (6th) month after the Possession Date (or such earlier date on which the Possession Date would have occurred but for any Tenant Delay) (such later date the “Rent Commencement Trigger”) which is the same numerical date in the month as the Rent Commencement Trigger (Possession Date except that if no such same numerical date shall exist in such [****] sixth (6th) month, the Rent Commencement Date shall be the first last day of the [****] such sixth (6th) month), subject to extension of the Rent Commencement Date from time to time as provided in Sections 6.3(b), 7.4(f) and 7.5(b) of the DCA. If the Rent Commencement Date is extended pursuant to such Section 7.5(b) of the DCA, such extension shall be without duplication, and if there are multiple bases for extension of the Rent Commencement Date pursuant to Section 7.5(b) of the DCA, Tenant shall be entitled to an extension of the Rent Commencement Date for the longest period of delay.

Appears in 1 contract

Sources: Lease (Actv Inc /De/)

Fixed Rent. (a) The fixed rent (“Fixed Rent”) shall be as follows: (ai) for the period commencing on the Rent Commencement Date (subject to Section 2.02(b) hereof) and ending on the day immediately preceding the fifth (5th) anniversary of the Rent Commencement Date (Date, at the “First Rent Period”) Fifty annual rate of Seven Million Eight Five Hundred Sixteen Twenty-Two Thousand Three Nine Hundred EightyFifty-Nine Six and 19/100 00/100 Dollars ($50,816,389.19) per annum7,522,956.00), payable in twelve (12) equal monthly installments of Four Million Two Hundred Thirty-Four Thousand Six Hundred NinetyTwenty-Six Thousand Nine Hundred Thirteen and 10/100 00/100 Dollars ($4,234,699.10626,913.00), based on the rate per annum of $59.99 per Qualified RSF of the Premises; (bii) for the period commencing on the fifth (5th) anniversary of the Rent Commencement Date and ending on the day immediately preceding the tenth (10th) anniversary of the Rent Commencement Date (Date, at the “Second Rent Period”) annual rate of Seven Million Nine Hundred Seventy Thousand Seven Hundred Fifty-Eight Million Four Hundred Forty Thousand One Hundred Eighteen and 19/100 00/100 Dollars ($58,440,118.19) per annum7,970,751.00), payable in twelve (12) equal monthly installments of Six Hundred Sixty-Four Million Eight Thousand Two Hundred Seventy Thousand Twenty-Nine and 85/100 25/100 Dollars ($4,870,009.85664,229.25), based on the rate per annum of $68.99 per Qualified RSF of the Premises;; and (ciii) for the period commencing on the tenth (10th) anniversary of the Rent Commencement Date and ending on the day immediately preceding Expiration Date, at the fifteenth (15th) anniversary annual rate of the Rent Commencement Date (the “Third Rent Period”) Sixty-Six Eight Million Sixty-Three Four Hundred Eighteen Thousand Eight Five Hundred Forty-Seven Six and 19/100 00/100 Dollars ($66,063,847.19) per annum8,418,546.00), payable in twelve (12) equal monthly installments of Five Million Seven Hundred One Thousand Five Hundred Forty-Five Thousand Three Hundred Twenty and 60/100 50/100 Dollars ($5,505,320.60701,545.50), based on the rate per annum of $77.99 per Qualified RSF of the Premises; and (d) for the period commencing on the fifteenth (15th) anniversary of the Rent Commencement Date and ending upon the Expiration Date (or, if the Term is extended pursuant to Article 9, the date of expiration of the initial Term) (the “Fourth Rent Period”) Seventy-Three Million Six Hundred Eighty-Seven Thousand Five Hundred Seventy-Six and 19/100 Dollars ($73,687,576.19) per annum, payable in equal monthly installments of Six Million One Hundred Forty Thousand Six Hundred Thirty-One and 35/100 Dollars ($6,140,631.35), based on the rate per annum of $86.99 per Qualified RSF of the Premises. (e) Subject to the application of any credits under this Lease and the DCA, . Fixed Rent shall be payable by Tenant in equal monthly installments in advance commencing on the Rent Commencement Date (subject to Section 2.02(b) hereof) and on the first day of each calendar month thereafter thereafter; provided, that Tenant shall pay, upon the execution and delivery of this Lease by Tenant, the first full monthly installment of Fixed Rent. (b) Notwithstanding anything to the contrary contained in this Lease, provided that if Tenant shall not then be in default under any of the Rent terms, covenants and conditions contained in this Lease beyond the expiration of any applicable notice and/or cure period, Tenant shall be entitled to an abatement of the Fixed Rent, Tax Payments and Operating Payments payable for the period (the “Abatement Period”) from the Commencement Date is to (but not the first day of a month, then Fixed Rent for the month in which the Rent Commencement Date occurs shall be prorated (based on the number of days elapsed and the actual number of days in such month) and paid on the Rent Commencement Date). “Rent Commencement Date” means the later of (i) May 1, 2023 or (iiincluding) the date occurring in the [****] tenth (10th) month after the Possession Commencement Date (or such earlier date on which the Possession Date would have occurred but for any Tenant Delay) (such later date the “Rent Commencement Trigger”) which is the same numerical date in the month as the Rent Commencement Trigger (Date, except that if no such same numerical date shall exist in such [****] tenth (10th) month, the last day of such tenth (10th) month, as such date may be extended in accordance with the provisions of Section 1.03(a) above (the “Rent Commencement Date”); provided, that (i) the Rent Commencement Date shall not occur prior to August 15, 2008, so long as during such Abatement Period Tenant shall not then be the first day in default under any of the [****] month)terms, subject to extension covenants and conditions contained in this Lease beyond the expiration of the Rent Commencement Date from time to time as provided in Sections 6.3(b), 7.4(fany applicable notice and/or cure period and (ii) and 7.5(b) of the DCA. If the Rent Commencement Date is extended pursuant to during such Section 7.5(b) of the DCA, such extension shall be without duplication, and if there are multiple bases for extension of the Rent Commencement Date pursuant to Section 7.5(b) of the DCAAbatement Period, Tenant shall not be entitled relieved of its obligation to an extension pay the Electric Charge applicable to such Abatement Period as determined in accordance with the provisions of Section 2.06, plus any Additional Charges (other than the Rent Commencement Date for the longest period of delayTax Payments and Operating Payments) accrued during such Abatement Period.

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Sources: Lease (National Financial Partners Corp)