Minimum Base Rent. Term: Five years -------------------------------------------------------------------------------- Period Monthly Annual Per Square Foot -------------------------------------------------------------------------------- Year 1 July 00-April 01 $5,133.33 $61,600 $22.00 -------------------------------------------------------------------------------- Years May 1, 2001 CPI annually 2-5 through with a minimum April 30, 2005 of three (3) percent. --------------------------------------------------------------------------------
p) 1) Date of Annual Adjustment: May 1, beginning May 1, 2001 2) Current Index Number: Month: March 2001 3) Base Index Number: Month and Years: March 2000 4) Cap: % not applicable
Minimum Base Rent. Notwithstanding anything elsewhere provided, at all times the minimum monthly Base Rent shall be equal to Landlord's payment obligations under the Real Estate Loan.
Minimum Base Rent. Commencing on the Completion Date, ------------ ----------------- Tenant shall pay to Landlord throughout the Initial Term an annual rental (the "Minimum Base Rent") at the rate set forth in Schedule I attached hereto and ---------- made a part hereof. Minimum Base Rent shall be paid monthly in advance in an amount equal to one-twelfth (1/12) of the annual Minimum Base Rent. In the event the Initial Term shall commence on a date other than the first day of a calendar month, Tenant shall within five (5) days of the Completion Date pay Minimum Base Rent from the Completion Date to the end of the calendar month in which the Completion Date occurs on a prorated basis. Thereafter, Minimum Base Rent shall be paid in advance on or before the first day of each calendar month.
Minimum Base Rent. For the period from October 1, 2018 thru August 31, 2019, the monthly rent shall be Two Million Four Hundred Thirty Five Thousand Nine Hundred Sixty One and 08/100 Dollars ($2,435,961.08);
Minimum Base Rent. Tenant shall pay Landlord an annual base rent of $247,312 in equal monthly installments of $20,609.00 each due on the first day of each month during the term hereof, said rent being payable without notice or demand. The minimum base rent for the first twenty four (24) months of the original ten (10) year Lease term shall be based upon the following rent schedule: Existing Space: 20,000 s.f. @ $6.00 per s.f. per year, triple net New Office Space: 14,250 s.f. @ $7.25 per s.f. per year, triple net New Warehouse Space: 6,000 s.f. @ $4.00 per s.f. per year, triple net
Minimum Base Rent. Prior to Substantial Completion, Subtenant shall pay to Sublandlord as minimum monthly rent ("BASE RENT") its pro rata share of Sublandlord's Base Rent obligations under the Master Lease, at the rate of (i) Twenty-Eight Dollars ($28.00) per Rentable Square Foot per year with respect to the ground floor which is approximately nineteen thousand (19,000) Rentable Square Feet; and (ii) Twenty-Nine Dollars and Fifty Cents ($29.50) per Rentable Square Foot per year with respect to the second floor which is approximately nineteen thousand (19,000) Rentable Square Feet. Following Substantial Completion, Subtenant shall pay as Base Rent, Two Hundred Twenty Thousand Dollars ($220,000) per month. Notwithstanding anything to the contrary contained herein to the contrary, if the date of Substantial Completion is delayed due to Subtenant's acts or omissions, the foregoing Base Rent shall be due and payable from and after the date Substantial Completion would have occurred but for Subtenant's delay. Base Rent shall be paid in advance on the first day of each month, without deduction, setoff, notice, or demand, at the address of Sublandlord set forth in Section 18 below, or at any other place Sublandlord designates by notice to Subtenant. If the Sublease Term begins or ends and/or Substantial Completion occurs on a day other than the first or last day of a month, the Rent for any partial months shall be prorated on a per diem basis.
Minimum Base Rent. Minimum Base Rent is Eight Thousand Dollar ($8,000) per year, payable monthly in twelve installments due end of following month of each month during the Term. DocuSign Envelope ID: D0555DA6-6904-497B-BF05-0AE30EE2F6B0
Minimum Base Rent. The minimum annual base rent (the “Base Rent”) for each of the calendar years 2011 through 2014 shall be $1,500,000.
Minimum Base Rent. From and after eighteen months following the Effective Date, the Lessee shall pay to the Lessor, Minimum Base Rent payable in advance on the first day of each month in equal monthly installments. The Minimum Base Rent shall initially be $80,000 per annum. In Lease Years 5, 10 and 15, the Minimum Base Rent shall be adjusted according to minimum guaranteed rent established by an independent appraisal. The Lessee shall pay for the appraisal. Lessor shall select the appraisal company. In no event shall an appraisal result in a reduction in rent.
Minimum Base Rent. From and after the Possession Date the Lessee shall pay to the Lessor, Minimum Base Rent payable in advance on the first day of each month in equal monthly installments. The Minimum Base Rent shall initially be $1 million per annum and shall increase to $ 1.4 million per annum upon the Operation Date. In Lease Years 15, 30, 50 and 65, the Minimum Base Rent shall be adjusted according to fair market rent, as established by an independent appraisal. Lessee shall pay for the appraisal. Lessor shall select the appraisal company from the City‟s general appraisers services list. In no event shall an appraisal result in a reduction in rent.
