Fourth Expansion Premises. In addition to the Current Premises, commencing on the Fourth Expansion Premises Commencement Date (as defined below), Landlord leases to Tenant, and Tenant leases from Landlord, the Fourth Expansion Premises.
Fourth Expansion Premises. (a) In consideration of the rents, terms, provisions and covenants of this Amendment and the Lease, Landlord hereby leases unto Tenant and Tenant hereby rents and accepts from Landlord the “
Fourth Expansion Premises. Commencing on the Fourth Expansion Premises Rent Commencement Date, Base Rent for the Fourth Expansion Premises shall be equal to $3.20 per rentable square foot of the Fourth Expansion Premises per month. Base Rent payable with respect to the Fourth Expansion Premises shall be increased, commencing on the later of (i) the first anniversary of the Fourth Expansion Premises Rent Commencement Date, or (ii) May 1, 2017, and on each subsequent anniversary of such date during the Base Term each, a “Fourth Expansion Premises Adjustment Date”) by multiplying the Base Rent payable with respect to the Fourth Expansion Premises immediately before such Fourth Expansion Premises Adjustment Date by 3% and adding the resulting amount to the Base Rent payable with respect to the Fourth Expansion Premises immediately before such Fourth Expansion Premises Adjustment Date.
Fourth Expansion Premises. Tenant shall not be required to pay Base Rent with respect to the Second Expansion Premises (as defined in the Fifth Amendment), the Third Expansion Premises (as defined in the Sixth Amendment) and the Fourth Expansion Premises through the Termination Date. 6.
Fourth Expansion Premises. Landlord and Tenant hereby agree to expand the Original Premises to include the expansion premises (which expansion premises is herein referred to as the “Fourth Expansion Premises”) designated on Exhibit A (which is attached hereto and made a part hereof). The Fourth Expansion Premises is located on the first floor of the 5200 Building, currently is known as Unit G, and contains approximately twelve thousand (12,000) rentable square feet.
Fourth Expansion Premises. (a) As of the date (the “Fourth Expansion Premises Commencement Date”) on which the existing tenant has vacated the Fourth Expansion Premises and Landlord is able to deliver the Fourth Expansion Premises to Tenant as required below, Landlord also leases and demises the Fourth Expansion Premises to Tenant. Notwithstanding the foregoing, if Landlord is prepared to deliver the Fourth Expansion Premises to Tenant prior to July 1, 2007, the Fourth Expansion Premises Commencement Date shall not occur until at least thirty (30) days after Landlord has delivered to Tenant written notice that Landlord is prepared to deliver the Fourth Expansion Premises. As of the Fourth Expansion Premises Commencement Date, all references to the Premises in the Lease shall be deemed to refer to the Existing Premises, the First Expansion Premises, the Second Expansion Premises, the Third Expansion Premises, and the Fourth Expansion Premises.
Fourth Expansion Premises. In addition to the payments referenced in Section 5(A) above, Tenant shall pay Operating Expenses for the Fourth Expansion Premises to be calculated as follows: For purposes of calculating Tenant’s payments for Operating Expenses for the Fourth Expansion Premises pursuant to Section 2.6 of the Lease for that portion of the Term on and after the Fourth Expansion Premises Commencement Date, with respect to the Fourth Expansion Premises only, the definition of “Base Operating Expenses” shall be: BASE OPERATING EXPENSES: Landlord’s Operating Expenses (as defined in Section 2.6 of the Lease) for calendar year 2008 being January 1, 2008 through December 31, 2008.
Fourth Expansion Premises. In addition to the payments referenced in Section 6(A) above, Tenant shall pay real estate taxes for the Fourth Expansion Premises to be calculated as follows: For purposes of calculating Tenant’s payments for real estate taxes for the Fourth Expansion Premises pursuant to Section 2.7 of the Lease for that portion of the Term on and after the Fourth Expansion Premises Commencement Date, with respect to the Fourth Expansion Premises only, the definition of “Base Taxes” shall be: BASE TAXES: Landlord’s Tax Expenses (as defined in Section 2.7 of the Lease) for fiscal tax year 2008 being July 1, 2007 through June 30, 2008.
Fourth Expansion Premises. Commencing on the Fourth Expansion Commencement Date and continuing throughout the Fourth Expansion Term, Tenant shall pay to Landlord monthly installments of Base Rent for the Fourth Expansion Premises as follows, and otherwise in accordance with the terms of the Lease: Period During Fourth Expansion Term Annual Base Rent Monthly Installment of Base Rent Approximate Monthly Rental Rate per Rentable Square Foot Fourth Expansion Months 1 – 12** $605,625.00 $50,468.75 $6.25 Fourth Expansion Months 13 – 24 $626,821.92 $52,235.16 $6.47* Fourth Expansion Months 25 – 36 $648,760.68 $54,063.39 $6.70* Fourth Expansion Months 37 – 48 $671,467.32 $55,955.61 $6.93* Fourth Expansion Months 49 – 60 $694,968.72 $57,914.06 $7.17* Fourth Expansion Month 61 – 72 $719,292.60 $59,941.05 $7.42* Fourth Expansion Month 73 – Fourth Expansion Expiration Date $744,467.88 $62,038.99 $7.68 *The calculation of the Approximate Monthly Rental Rate per Rentable Square Foot set forth above is an approximate calculation based on a 3.5% increase per annum and rounded to the nearest cent. Such approximation is provided for convenience only and the Monthly Installment of Base Rent and Annual Base Rent amounts set forth above shall control. **Subject to Section 4.3, below. On or before the Fourth Expansion Commencement Date, Tenant shall pay to Landlord the Base Rent payable for the Fourth Expansion Premises for the third (3rd) full calendar month of the Fourth Expansion Term.
Fourth Expansion Premises. Tenant shall have the option (the "FOURTH EXPANSION PREMISES OPTION") to lease approximately 20,176 square feet as depicted on Exhibit A hereto (the "FOURTH EXPANSION PREMISES") for a period commencing as set forth below and terminating on the Expiration Date.
