Revised Delivery Schedule for Expansions of the Leased Premises; Revised Rent Clause Samples
Revised Delivery Schedule for Expansions of the Leased Premises; Revised Rent. (a) As of the Effective Date, the table set forth in Section 1.2 of the Lease is hereby deleted and restated as follows: Date of Delivery by Landlord Square Footage Delivered Total Square Footage (1st Flr.) Basement Square Footage Expansion Space Square Footage Expansion Space 2017 Square Footage
(b) As of the Effective Date, the table set forth in Section 1.6(b) of the Lease is hereby deleted and restated as set forth on Exhibit A, attached hereto and incorporated herein. The parties agree that Tenant’s Annual Rent shall not be increased to include the Expansion Space 2017 until April 1, 2017 (the “Rent Date”). For the sake of clarity, after the Effective Date the entire Premises shall be 854,114 square feet.
Revised Delivery Schedule for Expansions of the Leased Premises; Revised Rent. (a) As of the Effective Date, the table set forth in Section 1.2 is hereby deleted and restated: Date of Delivery by Landlord Square Footage Delivered Total Square Footage (1st Flr.) Basement Square Footage Expansion Space Square Footage
(b) As of the Effective Date, the table set forth in Section 1.6(b) is hereby deleted and restated as set forth on Schedule 1.6(b), attached hereto and incorporated herein.
(c) Upon Tenant's receipt of a fully-executed original of this Amendment, Tenant shall pay to Landlord $853,558.00 (the “Compromise Payment”). The Compromise Payment is an amount agreed upon by Landlord and Tenant as settlement in full to resolve and compromise through December 31, 2012 all rents, charges, fees, costs and amounts owned, due, accruing, estimated or charged prior to such date of every kind relating to the Leased Premises as between Landlord and Tenant, including but not limited to Annual Rent, Impositions, Landlord's Maintenance Costs, common area charges, utility charges as to both common areas and Leased Premises, real estate tax charges, insurance charges and maintenance/repair expenses.
