Rent for Expansion Space Sample Clauses

Rent for Expansion Space. The actual construction costs of the Expansion shall be actively managed by both the Lessor and the Lessee. The actual costs shall be made up of: • the actual cost of hard construction costs, plus • the actual cost of the design, engineering, financing and miscellaneous costs. The total cost of the Expansion shall be increased by a fee of 6% for the Lessor. The rent shall be calculated without additional margin for the Lessor by utilizing an interest rate of prime plus two percent amortized over the remaining term of the Lease; provided, however, that the foregoing interest rate of prime plus two percent shall be reduced if Lessee, at Lessee's option, provides financing to Lessor for purposes of construction of the Expansion, in which case the interest rate used in the foregoing calculation shall be the interest rate provided by Lessee to Lessor in connection with such financing.

Rent for Expansion Space. Tenant shall pay to Landlord all of the Rent required hereunder with respect to the Expansion Space; provided, however, that the Base Rent shall be adjusted to reflect the then Fair Market Net Rent for the Expansion Space, such Fair Market Net Rent to be determined by Landlord, subject to Tenant’s right to demand appraisal in accordance with the provisions of Article 7. Notwithstanding anything in this Lease to the contrary, it is agreed that for the purposes of this Section 10.04, neither the value of any demolition work performed by Landlord pursuant to Section 10.05(b), nor the value of the sixty (60) day period referred to in this Section 10.04 shall be considered in calculating the Fair Market Net Rent. Payment of Rent with respect to Expansion Space shall commence on the earlier of (i) occupancy by Tenant for the conduct of its business or (ii) sixty (60) days after Landlord makes the Expansion Space available to Tenant in the condition required by Section 10.05 hereof.

Rent for Expansion Space. From and after the Expansion Rent Commencement Date, Base Rent and Additional Rent shall be payable with respect to the Expansion Space in accordance with the terms of the Lease. Accordingly, the Base Rent for the Premises (including the Original Premises and the Expansion Space) shall be paid in accordance with the following tables (which tables replaces the table set forth in Section 1.1 of the Lease):

Rent for Expansion Space. Subject to the provisions of Section 3.4, the Annual Basic Rent for the Expansion Space shall be the rental rate set forth in Section 1.B. which rate includes the cost to repaint and professionally clean the carpet in the Expansion Space and an amount equal to 25% of the commission due to a broker, if any, for Tenant leasing the Expansion Space; (a) improvements to the Expansion Space shall be subject to the terms and conditions set forth in the next paragraph; (b) there shall not then exist an uncured Event of Default of the Lease and Tenant shall be in possession of the Premises at the time Tenant exercises this right to expand; and (c) Tenant shall execute documents in the form and substance reasonably required by Landlord to reflect the expansion of the Premises.

Rent for Expansion Space. The annual Base Rent for the Expansion Space for the first five (5) years of the Expansion Space Lease Term shall be equal to the Expansion Project Costs as set forth in subsection (a) above, multiplied by the 10-year Treasury Note rate as set forth in the Wall Street Journal plus four hundred (400) basis points, payable monthly. The annual Base Rent for the Expansion Space for years six (6) through ten (10) shall increase annually commencing year six (6), and each year thereafter, by two percent (2%) over the Base Rent for the previous year. The Base Rent for the Building for the remainder of the initial term shall remain the same for the initial term of the Lease and the Base Rent for the extended term for the Building shall be increased by two percent (2%) per annum for each year the extended term for the original Building goes beyond the initial ten-year term. The rental rate for the Expansion Space during any extension options selected by Tenant shall be equal to the Base Rent per square foot of the Building determined as Provided in this Section. Tenant shall pay all charges for Additional Rent allocated to the Expansion Space at the time of payment of the base rent for the Expansion Space.

Rent for Expansion Space. If Tenant exercises its right to expand the Leased Premises into the Expansion Space shall be both (i) equal to or better than, the third party offer and (ii) equal to, or better than the terms of the Lease. Tenant shall also pay Tenant's increased proportionate share of the Basic Cost in Additional Rental as specified in Paragraph 6 of the Lease.

Rent for Expansion Space. The Base Rent for the Expansion Space shall be at the same rate, per rentable square foot, that is then applicable to the Premises as provided in Section 4 of the Summary, and which rate shall (notwithstanding the actual commencement date with respect to the Expansion Space) be subject to the same increases, at the same time, as are applicable to the Premises. Tenant shall pay Tenant's Share of Direct Expenses for the Expansion Space in accordance with the terms of this Lease; provided, however, that Tenant's Share with respect to the Expansion Space shall be calculated by dividing the rentable square footage of the Expansion Space by the rentable square footage of the Building (which shall be deemed to be as set forth in Section 2.1 of the Summary).

Rent for Expansion Space