Second Expansion Space Base Rent Sample Clauses

Second Expansion Space Base Rent. In addition to the Base Rent for the Existing Premises set forth in Section 4 hereof, as amended, commencing on May 1, 2015 (the ‘Second Expansion Space Rent Commencement Date’) and continuing thereafter throughout the Second Expansion Space Term, Tenant covenants and agrees to pay to Landlord Base Rent for the Second Expansion Space in the following amounts (the ‘Second Expansion Space Base Rent’): Time Period Rate of Second Expansion Space Base Rent Per Square Foot Per Annum Rate of Second Expansion Space Base Rent Per Annum Rate of Second Expansion Space Monthly Base Rent 5/1/15-4/30/16 $34.00 $ 945,642.00 $ 78,803.50 5/1/16-4/30/17 $34.85 $ 969,283.05 $ 80,773.59 5/1/17-4/30/18 $35.72 $ 993,480.36 $ 82,790.03 5/1/18-4/30/19 $36.61 $ 1,018,233.93 $ 84,852.83 5/1/19-4/30/20 $37.53 $ 1,043,821.89 $ 86,985.16 5/1/20-12/31/20 $38.47 $ 1,069,966.11 $ 89,163.84 The Second Expansion Space Base Rent shall be payable at the same times and in the same manner as set forth herein for the payment of Base Rent. There shall be no Free Rent Period with respect to the Second Expansion Space. Tenant shall be entitled to occupy the Second Expansion Space prior to the Second Expansion Space Rent Commencement Date without the obligation to pay Second Expansion Space Base Rent and without the obligation to pay any Operating Expenses with respect to the Second Expansion Space or any Real Estate Tax Expenses with respect to the Second Expansion Space.
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Second Expansion Space Base Rent. Beginning on the Second Expansion Space Commencement Date and on the first day of each month thereafter, the Tenant shall pay the Landlord, in addition to the Base Rent for the Original Premises, the Base Rent for the Second Expansion Space in equal monthly installments, in advance, pursuant to the following schedule: Period Annual Base Rent for the Second Expansion Space Annual Base Rent Per Rentable Square Foot for the Second Expansion Space Monthly Base Rent for the Second Expansion Space From the Second Expansion Space Commencement Date through December 20, 2014* $ 777,877.20 $ 24.98 $ 64,823.10 December 21, 2014 – December 20, 2015 $ 798,429.60 $ 25.64 $ 66,535.80 December 21, 2015 – December 20, 2016 $ 819,604.80 $ 26.32 $ 68,300.40 December 21, 2016 – December 20, 2017 $ 841,402.80 $ 27.02 $ 70,116.90 December 21, 2017 – December 20, 2018 $ 863,512.20 $ 27.73 $ 71,959.35 December 21, 2018 – December 20, 2019 $ 886,244.40 $ 28.46 $ 73,853.70 December 21, 2019 – February 28, 2021 $ 909,599.40 $ 29.21 $ 75,799.95 *If the Second Expansion Space Commencement Date occurs after December 20, 2014, then Tenant shall commence paying Annual Base Rent for the Second Expansion Space at the then-applicable rate for the Second Expansion Space (i.e. if the Second Expansion Space Commencement Date occurs on January 3, 2015, then Annual Base Rent is payable at the rate of $25.64 per rentable square foot of the Second Expansion Space. If the Second Expansion Space Commencement Date is other than the first day of the month, then, with respect to the partial month following such Second Expansion Space Commencement Date, Tenant shall pay to Landlord on the Second Expansion Space Commencement Date a pro-rated share of the Base Rent that would have otherwise been payable for such month (based on the number of days remaining in such month) had the Second Expansion Space Commencement Date occurred on the first day of such month.
Second Expansion Space Base Rent. In addition to the Base Rent for the Premises (i.e., the Original Premises and the Expansion Space) payable pursuant to Section 4.1 hereof, the First Amendment and the Second Amendment, commencing on June 1, 2003 and continuing thereafter throughout the Second Expansion Space Term, Tenant covenants and agrees to pay to Landlord Base Rent for the Second Expansion Space in the following amounts (the ‘Second Expansion Space Base Rent’): Second Second Expansion Space Expansion Second Second Base Rent Per Space Expansion Space Expansion Space Square Foot Base Rent Base Rent Lease Year Per Annum Per Annum Per Month 1 $ 37.00 $ 713,730.00 $ 59,477.50 2 $ 38.11 $ 735,141.90 $ 61,261.83 3 $ 39.25 $ 757,132.50 $ 63,094.38 4 $ 40.43 $ 779,894.70 $ 64,991.23 5 $ 41.64 $ 803,235.60 $ 66,936.30 6 $ 43.64 $ 841,815.60 $ 70,151.30 7 $ 44.95 $ 867,085.50 $ 72,257.13 8 $ 46.30 $ 893,127.00 $ 74,427.25 9 $ 47.69 $ 919,940.10 $ 76,661.68 10 $ 49.12 $ 947,524.80 $ 78,960.40 A ‘Second Expansion Space Lease Year’ shall mean that period of twelve (12) consecutive calendar months that commences on June 1, 2003, and each consecutive twelve (12) month period thereafter. The earliest such twelve (12) month period shall be referred to as ‘Second Expansion Space Lease Year 1,’ and each of the following Second Expansion Space Lease Years shall be similarly numbered for identification purposes. The Second Expansion Space Base Rent shall be payable by Tenant at the same times and in the same manner as set forth in this Lease with respect to the payment of Base Rent.
Second Expansion Space Base Rent. As of the Second Expansion Effective Date, the schedule of Base Rent payable with respect to the Second Expansion Space for the balance of the original Lease Term is the following: Period Rentable Square Footage Annual Base Rent* Monthly Installment of Base Rent* Annual Rental Rate per Rentable Square Foot* Second Expansion Space Lease Year 1 19,630 $1,630,271.50 $135,855.96 $83.05 Second Expansion Space Lease Year 2 19,630 $1,679,179.65 $139,931.64 $85.54** Second Expansion Space Lease Year 3 19,630 $1,729,555.04 $144,129.59 $88.11** Second Expansion Space Lease Year 4 19,630 $1,781,441.69 $148,453.47 $90.75** Second Expansion Space Lease Year 5 19,630 $1,834,884.94 $152,907.08 $93.47** Second Expansion Space Lease Year 6 19,630 $1,889,931.49 $157,494.29 $96.28** Second Expansion Space Lease Year 7 19,630 $1,946,629.43 $162,219.12 $99.17** All such Base Rent shall be payable by Tenant in accordance with the terms of the Lease, as amended hereby, except that the sixth (6th) full month’s Base Rent for the Second Expansion Space (i.e., the amount due following the Second Expansion Space Base Rent Abatement, as described below) shall be paid by Tenant within ten (10) days following the full execution and delivery of this Amendment. For purposes of the foregoing schedule, “Second Expansion Space Lease Year 1” shall mean the twelve (12) calendar month period commencing on the Second Expansion Effective Date and ending on the last day of the month in which the first anniversary of the Second Expansion Effective Date occurs (or if the Second Expansion Effective Date is the first day of a calendar month, then the first Second Expansion Space Lease Year shall commence on the Second Expansion Effective Date and end on the day immediately preceding the first anniversary of the Second Expansion Effective Date), and the second and each succeeding Second Expansion Space Lease Year shall commence on the first day of the next calendar month; and further provided that the last Second Expansion Space Lease Year shall end on the Lease Expiration Date. * The initial Annual Base Rent amount was calculated by multiplying the initial Annual Rental Rate per Rentable Square Foot amount by the number of rentable square feet of space in the Second Expansion Space, and the initial Monthly Installment of Base Rent amount was calculated by dividing the initial Annual Base Rent amount by twelve (12). Both Tenant and Landlord acknowledge and agree that multiplying the Monthly Installment...
Second Expansion Space Base Rent. During the Second Expansion Space Term, the Base Rent payable by Tenant for the Second Expansion Space shall be calculated separate and apart from the Base Rent payable for the Existing Premises, and shall be as set forth in the following schedule (subject to abatement as set forth in Section 5.2 below): Period of Second Expansion Space Term Annual Base Rent Monthly Installment of Base Rent Monthly Base Rental Rate per Rentable Square Foot of the Second Expansion Space Second Expansion Space Commencement Date – 7/31/08 $ 230,254.20 $ 19,187.85 $ 1.45 8/1/08 – 7/31/09 $ 236,606.04 $ 19,717.17 $ 1.49 8/1/09 – 7/31/10 $ 244,545.84 $ 20,378.82 $ 1.54 8/1/10 – 7/31/11 $ 250,897.68 $ 20,908.14 $ 1.58 8/1/11 – 7/31/12 $ 258,837.48 $ 21,569.79 $ 1.63 8/1/12 – 7/31/13 $ 266,777.28 $ 22,231.44 $ 1.68 8/1/13-7/31/14 $ 274,717.08 $ 22,893.09 $ 1.73 8/1/14-10/31/14 $ 282,656.88 $ 23,554.74 $ 1.78
Second Expansion Space Base Rent. In addition to the Base Rent for the Premises (i.e., the Original Premises and the Expansion Space) payable pursuant to Section 4.1 hereof, the First Amendment and the Second Amendment, commencing on June 1, 2003 and continuing thereafter throughout the Second Expansion Space Term, Tenant covenants and agrees to pay to Landlord Base Rent for the Second Expansion Space in the following amounts (the `Second Expansion Space Base Rent'):
Second Expansion Space Base Rent. The Base Rent per annum for the Second Expansion Space during the Second Expansion Space Term ("Second Expansion Space Base Rent") shall be an amount equal to the greater of (a) 95% of the product of (i) the Second Expansion Space Rentable Area, multiplied by (ii) the Second Expansion FMRV as of the Second Expansion Space Scheduled Commencement Date, as determined in accordance with Section 19.4 and (b) (i) the Second Expansion Space Rentable Area, multiplied by (ii) the Adjusted Escalated Rent, as of the Second Expansion Space Scheduled Commencement Date, as determined in accordance with Section 19.3.1.
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Second Expansion Space Base Rent. In addition to the Base Rent for the Original Premises as set forth in Section 4.A. hereof and the Expansion Space Base Rent for the Expansion Space as set forth in Section 39.C. hereof, commencing on the Second Expansion Space Commencement Date and continuing thereafter throughout the Second Expansion Space Term, Tenant covenants and agrees to pay to Landlord Base Rent for Second Expansion Space in the following amounts (the ‘Second Expansion Space Base Rent’): Second Second Expansion Space Second Second Expansion Space Base Rent Per Square Expansion Space Expansion Space Lease Year Foot Per Annum Base Rent Monthly Base Rent 1 $ 27.00 $ 37,638.00 $ 3,136.50 2 $ 27.81 $ 38,767.14 $ 3,230.60 3 28.64 $ 39,924.16 $ 3,327.01 4 $ 29.50 $ 41,123.00 $ 3,426.92 5 $ 30.39 $ 42,363.66 $ 3,530.31 A ‘Second Expansion Space Lease Year’ shall mean that period of twelve (12) consecutive calendar months that commences on the Second Expansion Space Commencement Date and each consecutive twelve (12) month period thereafter. The earliest such twelve (12) month period shall be referred to as ‘Second Expansion Space Lease Year 1,’ and each of the following Second Expansion Space Lease Years shall be similarly numbered for identification purposes. The Second Expansion Space Base Rent shall be payable at the times and in the manner set forth in this Lease for the payment of Base Rent with respect to the Premises.
Second Expansion Space Base Rent. In addition to the Base -------------------------------- Rent for the Leased Premises as set forth in Exhibit C hereof and Section 29 hereof, commencing on the Second Expansion Space Commencement Date and continuing thereafter throughout the Second Expansion Space Term, Tenant covenants and agrees to pay to Landlord Base Rent for the Second Expansion Space in the following amounts (the "Second Expansion Space Annual Base Rent"): _______________ *CONFIDENTIAL TREATMENT REQUESTED. CONFIDENTIAL PORTION HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

Related to Second Expansion Space Base Rent

  • Expansion Space As used in this paragraph, the term “Expansion Space” means any space in the Building which, at any time during the Lease Term, is occupied by a Person other than Landlord under a written lease with Landlord, and the term “Tenant’s Expansion Space” means Expansion Space which Tenant has elected to lease as provided in this paragraph. Landlord agrees to notify Tenant promptly after Landlord learns that any Expansion Space is or will become available. Subject to the prior rights of other tenants to whom Landlord has granted substantially similar rights, Tenant has the option to lease any Expansion Space which Landlord notifies Tenant is or will become available. If Tenant gives Landlord notice of its exercise of this option within thirty (30) days after notification from Landlord of the availability of the Expansion Space and if no Event of Default exists when Tenant’s notice is given, this Lease will be deemed to be amended to include Tenant’s Expansion Space as part of the Premises for the remainder of the Lease Term upon all of the same terms contained in this Lease except that (i) the Rentable Area of the Premises will be amended to include Tenant’s Expansion Space; (ii) Tenant’s Share will be increased to include the rentable area of Tenant’s Expansion Space; (iii) the Term Commencement Date with respect to Tenant’s Expansion Space will be the earlier of sixty (60) days after the date on which Tenant’s Expansion Space becomes vacant and ready for occupancy (provided that date is at least sixty (60) days after Tenant exercises its option to lease the Expansion Space), or the date on which the Expansion Space is first occupied by Tenant; (iv) if Tenant’s Expansion Space contains a rentable area of 10,000 square feet or more, and if there are less than three (3) Lease Years remaining in the Lease Term, the Lease Term will be extended to include three (3) full years from the Term Commencement Date with respect to Tenant’s Expansion Space; and (v) subject to adjustment during each Fixed Rental Period as provided in Exhibit E, Basic Rent for each year of the remaining Lease Term (as it may be extended) will be the greater of (a) the Basic Rent last paid by the Person most recently occupying Tenant’s Expansion Space or (b) Market Rent determined as provided in the Rent Rider attached as Exhibit E. If Tenant exercises this option, Tenant’s Expansion Space will be leased to Tenant in its “as is” condition and Tenant will, at its expense and in compliance with the provisions of Section 7.06, design and construct all Improvements desired by Tenant for its use and occupancy. Landlord and Tenant agree to execute such amendments to this Lease and other instruments as either of them considers necessary or desirable to reflect Tenant’s exercise of this option.

  • Expansion Premises In addition to the Original Premises, commencing on the Expansion Premises Commencement Date (as defined below), Landlord leases to Tenant, and Tenant leases from Landlord, the Expansion Premises.

  • Additional Premises Landlord shall use commercially reasonable efforts to expand the Premises to include an additional fifteen thousand four hundred ten (15,410) square feet of Rentable Area located on the first (1st) floor, as shown on Exhibit A attached hereto (the “Additional Premises”) on July 1, 2012 (the “Additional Premises Delivery Date”). In the event Landlord determines the Additional Premises will be ready for delivery to Tenant in the Required Condition on the Additional Premises Delivery Date, within ten (10) business days prior to the Additional Premises Delivery Date, Landlord and Tenant shall enter into a written amendment to the Lease, which amendment shall provide, unless otherwise agreed in writing, (a) that the commencement date of the Additional Premises shall be the Additional Premises Delivery Date (the “Additional Premises Commencement Date”), (b) that, as of the Additional Premises Commencement Date, the Premises under the Lease shall be increased to include the Additional Premises for a total of sixty-one thousand four hundred forty-four (61,444) square feet of Rentable Area (together, the Premises and the Additional Premises shall be referred to hereinafter as the “Total Premises”), (c) the new Basic Annual Rent applicable to the Total Premises, which shall commence on the Additional Premises Commencement Date and shall be as further described in Section 4.2 of this Amendment, (d) Tenant’s new Pro Rata Share of Operating Expenses as of the Additional Premises Commencement Date, which Pro Rata Share shall equal one hundred percent (100%) of the Building and thirty-three and 51/100 percent (33.51%) of the Project and (e) that, in addition to the parking which Tenant is entitled to under the terms of the Lease with respect to the original Premises, Tenant, for so long as Tenant leases the Additional Premises, shall have a non-exclusive license to use the parking facilities serving the Building in common on an unreserved basis with other tenants of the Building and the Project at a ratio of 3.3 parking spaces per 1,000 rentable square feet of Additional Premises, which amounts to fifty-one (51) additional parking spaces, which number shall include three (3) additional Reserved Spaces. In the event the Additional Premises is not ready for delivery to Tenant in the Required Condition on the Additional Premises Delivery Date, then (x) this Amendment and the Lease shall not be void or voidable, (y) Landlord shall not be liable to Tenant for any loss or damage resulting therefrom and (z) the new Basic Annual Rent applicable to the Premises shall be as further described in Section 4.3 of this Amendment.

  • Existing Premises Notwithstanding anything to the contrary in the Lease as hereby amended, Tenant shall continue to pay Base Rent for the Existing Premises in accordance with the terms of Article 3 of the Lease.

  • Original Premises Tenant shall continue to pay Base Rent for the Original Premises as provided for in the Lease.

  • Vacating Premises (i) If the Assuming Institution elects not to purchase any owned Bank Premises, the notice of such election in accordance with Section 4.6(a) shall specify the date upon which the Assuming Institution’s occupancy of such premises shall terminate, which date shall not be later than ninety (90) days after the date of the Assuming Institution’s notice not to exercise such option. The Assuming Institution shall be responsible for promptly relinquishing and releasing to the Receiver such premises and the Fixtures, Furniture and Equipment located thereon which existed at the time of the Bank Closing Date, in the same condition as at the Bank Closing Date and at the premises where they were inventoried at the Bank Closing Date, normal wear and tear excepted. Any of the aforementioned which is missing will be charged to the Assuming Institution at the item’s Fair Market Value as determined in accordance with this Agreement. By occupying any such premises after the expiration of such ninety (90)-day period, the Assuming Institution shall, at the Receiver’s option, (x) be deemed to have agreed to purchase such Bank Premises, and to assume all leases, obligations and liabilities with respect to leased Furniture and Equipment and leased Fixtures located thereon and any ground lease with respect to the land on which such premises are located, and (y) be required to purchase all Fixtures, Furniture and Equipment owned by the Failed Bank and located on such premises as of the Bank Closing Date.

  • Base Rent Lessee shall pay Base Rent and other rent or charges, as the same may be adjusted from time to time, to Lessor in lawful money of the United States, without offset or deduction, on or before the day on which it is due under the terms of this Lease. Base Rent and all other rent and charges for any period during the term hereof which is for less than one full month shall be prorated based upon the actual number of days of the month involved. Payment of Base Rent and other charges shall be made to Lessor at its address stated herein or to such other persons or at such other addresses as Lessor may from time to time designate in writing to Lessee.

  • Additional Space Commencing on May 1, 2001, Sublessor herein grants unto the Sublessee a Right of First Refusal on any space that shall be and/or becomes available in the building during the remaining Term of this Sublease. Prior to May 1, 2001 and thereafter prior to the first day of May of any calendar year during the remaining Term hereof, Sublessor shall notify Sublessee by written notice of the availability of any such space in the building. Should Sublessee desire to exercise its Right of First Refusal and sublease such available space, Sublessee must notify Sublessor in writing of its desire to sublease the available space within seven (7) calendar days of Sublessee's receipt of Landlord's notice of availability. Within thirty (30) days of the receipt of Sublessee's notice exercising the right to sublease such available space, Sublessee and Sublessor shall enter into an amendment of this agreement setting forth the terms under which the additional space is subleased to Sublessee. The Base Rental shall be at a rental mutually agreed between Sublessee and Sublessor. Failure by Sublessee to exercise its Right of First Refusal within said seven (7) calendar day period, or if exercised, failure to enter into an amendment of this agreement within thirty (30) days of Sublessor's receipt of Sublessee's notice, shall be deemed a waiver of such right and Sublessor shall thereafter be free of any obligation under this Article 2.04 for a period of 12 months. Any exercise by Sublessee of this Right of First Refusal shall be for a minimum of 5,000 rental square feet.

  • Storage Space A. During the initial Term and any renewal thereof, Landlord agrees to lease to Tenant and Tenant accepts the space containing approximately (a) 800 square feet on the ground floor of the Building, (b) 400 square feet on the ground floor of the Building, and 65 square feet on the ground floor of the Building, as shown on EXHIBIT A-5 attached hereto (collectively, the "Storage Space"). However, notwithstanding the foregoing, the portion of the Storage Space described above containing approximately 400 rentable square feet shall not be leased to Tenant until such space becomes available, which is scheduled to occur on or about February 1, 2000. Further, the portion of the Storage Space containing 65 square feet described above is available for lease to Tenant only if Tenant pays Landlord the reasonable cost to install a demising wall and door to separately demise such space. In addition to the Storage Space described above, Tenant shall have an option to lease an additional approximately 800 square feet of storage space, located on the ground floor of the Building as shown on EXHIBIT A-6 attached hereto (the "Option Storage Space") when such Option Storage Space becomes available. Tenant shall exercise the foregoing option as follows: When Landlord informs Tenant that the Option Storage Space is available for lease by Tenant (but prior to leasing the Option Storage Space to any party other than the current occupant of such space or its successors or assigns), Tenant may elect to lease such space, upon the terms and conditions contained in this Section VII (in which event, the Option Storage Space shall be included within the definition of Storage Space hereunder), by providing written notice to Landlord within 7 days after Tenant's receipt of the notice from Landlord. Failure to provide such written notice to Landlord within the 7 day period shall be deemed a waiver of Tenant's option rights with respect to the Option Storage Space. The Storage Space shall be used by Tenant for the storage of equipment, inventory or other non-perishable items normally used in Tenant's business, and for no other purpose whatsoever. Tenant agrees to keep the Storage Space in a neat and orderly fashion and to keep all stored items in cartons, file cabinets or other suitable containers. All items stored in the Storage Space shall be elevated at least 6 inches above the floor on wooden pallets, and shall be at least 18 inches below the bottom of all sprinklers located in the ceiling of the Storage Space, if any. Tenant shall not store anything in the Storage Space which is unsafe or which otherwise may create a hazardous condition, or which may increase Landlord's insurance rates, or cause a cancellation or modification of Landlord's insurance coverage. Without limitation, Tenant shall not store any flammable, combustible or explosive fluid, chemical or substance nor any perishable food or beverage products, except with Landlord's prior written approval. Landlord reserves the right to adopt and enforce reasonable rules and regulations governing the use of the Storage Space from time to time. Upon expiration or earlier termination of this Lease or Tenant's rights under this Section, Tenant shall completely vacate and surrender the Storage Space to Landlord in accordance with the terms of this Lease. Without limitation, Tenant shall leave the Storage Space in the condition in which it was delivered to Tenant, reasonable wear and tear excepted, broom-clean and empty of all personalty and other items placed therein by or on behalf of Tenant.

  • Adjacent Premises If the Premises are part of a larger building, or of a group of buildings owned by Lessor which are adjacent to the Premises, the Lessee shall pay for any increase in the premiums for the property insurance of such building or buildings if said increase is caused by Lessee's acts, omissions, use or occupancy of the Premises.

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