Land Rent. Land Rent, notwithstanding whether Exclusive Use or Preferential Use, is defined as that rent due and payable to the LESSOR by the LESSEE for the Land, as measured from the outer-most limits of the leased property Premises as set forth and shown on the attached Exhibit “A”. Upon Commencement Date of this Agreement, LESSEE shall pay Land Rent to LESSOR as follows: LAND RENT INITIAL TERM EXCLUSIVE USE - EXHIBIT A Leased Land Total of 129,816 sq. ft. Escalation rate = 3%/year Year Rate Per Sq. Ft. Annual Monthly 1-5 6/1/2021 - 5/31/2026 $0.4100 $53,224.56 $4,435.38 6 6/1/2026 - 5/31/2027 $0.4223 $54,821.28 $4,568.44 7 6/1/2027 - 5/31/2028 $0.4350 $56,469.96 $4,705.83 8 6/1/2028 - 5/31/2029 $0.4481 $58,170.60 $4,847.55 9 6/1/2029 - 5/31/2030 $0.4615 $59,910.12 $4,992.51 10 6/1/2030 - 5/31/2031 $0.4753 $61,701.60 $5,141.80 11 6/1/2031 - 5/31/2032 $0.4896 $63,557.88 $5,296.49 12 6/1/2032 - 5/31/2033 $0.5043 $65,466.24 $5,455.52 13 6/1/2033 - 5/31/2034 $0.5194 $67,426.44 $5,618.87 14 6/1/2034 - 5/31/2035 $0.5350 $69,451.56 $5,787.63 15 6/1/2035 - 5/31/2036 $0.5511 $71,541.60 $5,961.80 16 6/1/2036 - 5/31/2037 $0.5676 $73,683.60 $6,140.30 17 6/1/2037 - 5/31/2038 $0.5846 $75,890.40 $6,324.20 18 6/1/2038 - 5/31/2039 $0.6021 $78,162.24 $6,513.52 19 6/1/2039 - 5/31/2040 $0.6202 $80,511.84 $6,709.32 20 6/1/2040 - 5/31/2041 $0.6388 $82,926.48 $6,910.54 LAND RENT OPTION TERM EXCLUSIVE USE - EXHIBIT A Leased Land Total of 129,816 sq. ft. Escalation rate = 3%/year 1 6/1/2041 - 5/31/2042 $0.6580 $85,418.88 $7,118.24 2 6/1/2042 - 5/31/2043 $0.6777 $87,976.32 $7,331.36 3 6/1/2043 - 5/31/2044 $0.6980 $90,611.52 $7,550.96 4 6/1/2044 - 5/31/2045 $0.7189 $93,324.72 $7,777.06 5 6/1/2045 - 5/31/2046 $0.7405 $96,128.76 $8,010.73 6 6/1/2046 - 5/31/2047 $0.7627 $99,010.68 $8,250.89 7 6/1/2047 - 5/31/2048 $0.7856 $101,983.44 $8,498.62 8 6/1/2048 - 5/31/2049 $0.8092 $105,047.16 $8,753.93 9 6/1/2049 - 5/31/2050 $0.8335 $108,201.60 $9,016.80 10 6/1/2050 - 5/31/2051 $0.8585 $111,447.00 $9,287.25
Land Rent. Rent on surface and subsurface land (excluding Wharf Area), per Compensation Year, in the amount of Four Million, Five Hundred and Forty Nine Thousand, and Forty One Dollars and Fifty Cents ($4,549,041.50), which shall be due in equal quarterly installments;
Land Rent. LESSEE shall pay to LESSOR Land Rent for the Premises described in Section 2 PREMISES. The Land Rent shall be calculated as follows: INITIAL TERM Exhibit A 0000 X. Xxxxx Xxxx 140,000 Sq. Ft. or more, as agreed Effective Dates Rate Per Sq. Ft. Annual Monthly 02/01/2023 - 12/31/2025 $.5262 $73,668.00 $6,139.00 Land Rent terminates on December 31, 2025 to be replaced by payment of the higher of either the Concession Fee or Minimum Annual Guarantee.
Land Rent. Rent may be mailed to 000 Xxxxxxxxx Xxxx, Xxxxxxxxxx,XX 00000 or in rent boxes provided at each park.
Land Rent. Article 5, “Rental” of the original Agreement, and Article 3, “Land Rent” of Supplemental Agreement No. 3, is hereby deleted in entirety, and replaced with the following language: Land rental during the term of this Agreement shall be modified as follows: INITIAL TERM EXTENSION 50,063 Sq. Ft. Years Rate Per Sq. Ft. Annual Monthly 11/01/2011 - 10/31/2016 .1982 $9,922.49 $ 826.87 11/01/2016 - 10/31/2021 .2081 $10,418.11 $ 868.18
Land Rent. Commencing on the Building 6 Rent Commencement Date and continuing thereafter on the first day of each month during the Base Term and each Extension Term, Tenant shall be required to pay rent to Landlord (“Land Rent”) in an amount which results in Landlord receiving in equal monthly installments a 7.5% per annum return on the then Building Entitlement Value. Notwithstanding the foregoing, Land Rent shall be abated until December 31, 2018, and Tenant shall not be required to commence paying Land Rent until January 1, 2019. The Building Entitlement Value shall be increased on each Building 6 Adjustment Date by multiplying the Building Entitlement Value immediately before such Building 6 Adjustment Date by the Bi-Annual Rent Adjustment Percentage and adding the resulting amount to the Building Entitlement Value immediately before such Building 6 Adjustment Date.
Land Rent. The Sublessee shall pay to CROET land rental for the premises according to the following terms:
Land Rent. Beginning on the Effective Date and continuing throughout the Initial Term and any Renewal Terms, Seaboard agrees to pay one dollar ($1.00) per square foot annually on all land in the Terminal Area paid in monthly installments subject to an annual increase of not more than three percent (3%), starting on October 1, 2009. If for any reason the County does not increase the Land Rental Rate in any given Fiscal Year(s), the County may thereafter add the amount of such allowed (but not imposed) annual increase in later years but only in the then current term. For example, if the County elects not to impose a Land Rental Rate increase in Fiscal Years two or three, in Fiscal Year four the County could impose a Land Rental Rate increase of approximately
Land Rent. Section 3.1
