INITIAL BASIC RENT. For the period beginning on the date which is the earlier of (a) Forty-five (45) days after Landlord completes construction of the Building or (b) the date upon which Tenant opens for business in the Premises, Tenant shall pay Landlord an initial Basic Rent for the Premises of Eight Hundred Seventy-Three Thousand Eight Hundred Ninety-Four Dollars ($859,740.00) per annum. Such initial Basic Rent shall be payable in equal monthly installments of Seventy-two Thousand Eight Hundred Twenty-Four Dollars and Fifty Cents ($72,824.50). Rent shall be further adjusted as provided for in Section 4.2 of this Lease. Each installment of rent shall be payable in advance, without set off or demand, on the first day of each calendar month beginning on the Commencement Date and continuing until Basic Rent is adjusted pursuant to Section 4.2, except that one month's rent shall be paid upon the execution hereof and shall be applied by Landlord (without interest) to the first payment(s) of Basic Rent due under this Section 4.1.
INITIAL BASIC RENT. For the period beginning on the date which is the earlier of (a) Forty-five (45) days after Landlord completes construction of the Building or (b) the date upon which Tenant opens for business in the Premises, Tenant shall pay Landlord an initial Basic Rent for the Premises of Eight Hundred Fifty-Nine Thousand Seven Hundred Forty Dollars ($859,740.00) per annum. Such initial Basic Rent shall be payable in equal monthly installments of Seventy One Thousand Six Hundred Forty-Five Dollars ($71,645.00). Rent shall be further adjusted as provided for in Section 4.2 of this Lease. Each installment of rent shall be payable in advance, without set off or demand, on the first day of each calendar month beginning on the Commencement Date and continuing until Basic Rent is adjusted pursuant to Section 4.2, except that one month’s rent shall be paid upon the execution hereof and shall be applied by Landlord (without interest) to the first payment(s) of Basic Rent due under this Section 4.1.
INITIAL BASIC RENT. For the first year of the Fifth Renewal Term, Tenant shall pay, as Basic Rent for the Demised Premises, the sum of One Million Three
INITIAL BASIC RENT. Subject to Section 3.2 above, for the period beginning on the Commencement Date and continuing until Basic Rent is adjusted pursuant to Section 4.2, Tenant shall pay Landlord Basic Rent for the Premises in the amount of Two Million Forty-Two Thousand Two Hundred Eight Dollars ($2,042,208) annually, which is equal to the total Rentable Area of the Premises multiplied by the annual rent of Fifty and 40/100 Dollars ($50.40) per square foot of Rentable Area in the Premises. Such initial Basic Rent for the Premises shall be payable in equal monthly installments of One Hundred Seventy Thousand One Hundred Eighty-Four Dollars ($170,184), each installment being payable in advance on the first day of each calendar month beginning on the Commencement Date, subject to Section 3.2 above, and continuing until Basic Rent is adjusted pursuant to Section 4.2. Basic Rent hereunder is subject to increase pursuant to the provisions of Paragraph 4.2(c) of Exhibit “D” attached hereto.
INITIAL BASIC RENT. For the first year of the Fifth Renewal Term, Tenant shall pay, as Basic Rent for the Demised Premises, the sum of One Million Three Hundred Twenty-Five Thousand Seven Hundred Seventy-Six and No/100 Dollars ($1,325,776) per year (or $4.30 per square foot of rental space), payable, pursuant to the procedures set forth in Paragraph 1.2 of the Lease, in equal monthly installments of One Hundred Ten Thousand Four Hundred Eighty-One and 33/100 Dollars ($110,481.33).
INITIAL BASIC RENT. (Paragraph 4.A) Lease Months (inclusive) Basic Rent (per leasable sq. ft.) Basic Rent (total) 01 – 72 1.656 NNN $ 26,149.00
INITIAL BASIC RENT. The "Initial Basic Rent" shall be Two and 50/100 Dollars ($2.50) per square foot of Rentable Area of the Demised Premises (9,157) per month.
INITIAL BASIC RENT. (See Exhibit A) In consideration for Landlord's covenants and agreements contained herein, Tenant hereby covenants and agrees to pay to Landlord at the address of Landlord as set forth herein a basic monthly rent as set forth on Exhibit A attached hereto and by this reference incorporated herein, payable without deduction, set off, demand, or notice in advance on the first day of each calendar month.
INITIAL BASIC RENT. The phrase "Initial Basic Rent" means the sum of $2,255.00 per month, as described more fully in Article 3.
INITIAL BASIC RENT. For the period beginning on the Commencement Date and continuing until Basic Rent is adjusted pursuant to Section 4.2, Tenant shall pay Landlord Basic Rent in the amount of Nine Hundred Twenty-Nine Thousand One Hundred Seventy-Eight Dollars ($929,178.00) annually, which is equal to the total Rentable Area (as defined in Exhibit “B”) of the Premises multiplied by the annual rent of Fifty-Four Dollars ($54.00) per square foot of Rentable Area. Such initial Basic Rent shall be payable in equal monthly installments of Seventy-Seven Thousand Four Hundred Thirty-One and 50/100 Dollars ($77,431.50), each installment being payable in advance on the first day of each calendar month beginning on the Commencement Date and continuing until Basic Rent is adjusted pursuant to Section 4.2.
