Main Space Rent Sample Clauses

Main Space Rent. Commencing as of the Rent Commencement Date (as hereinafter defined), Tenant shall pay to Owner annual base rent for the Main Space, in equal monthly installments on the first day of each month, as follows: i. For Lease year 1, base rent of $311,258.00 per year, which payment is based upon $19.00 per square foot, payable in equal monthly installments of $25,938.17 each. ii. For Lease year 2, base rent of $337,469.00 per year, which payment is based upon $20.60 per square foot, payable in equal monthly installments of $28,122.42 each. iii. For Lease year 3, base rent of $364,500.00 per year, which payment is based upon $22.25 per square foot, payable in equal monthly installments of $30,375.00 each. iv. For Lease year 4, base rent of $392,349.00 per year, which payment is based upon $23.95 per square foot, payable in equal monthly installments of $32,695.75 each. v. For Lease year 5, base rent of $408,730.00 per year, which payment is based upon $24.95 per square foot, plus any increase to the Consumer Price Index, using December, 2012 as the base month and year. vi. For Lease years 6 and 7, base rent of $408,730.00 per year, which payment is based upon $24.95 per square foot, plus any increase to the Consumer Price Index, using December, 2012 as the base month and year.