Second Floor Premises. Notwithstanding anything to the contrary contained in the Lease, commencing on the date of this First Amendment, Tenant shall pay to Landlord Monthly Base Rent for the Second Floor Premises through the SFP Surrender Date, as follows: Time Period Monthly Base Rent 6/1/10 — 11/30/10 $51,968.80 per month 12/1/10 - 2/28/11 $41,175.28 per month 3/1/11 — 3/31/12 $42,410.54 per month
Second Floor Premises. The Lease with respect to the Second Floor Premises shall terminate as provided for in the Lease on the SFP Surrender Date. Tenant shall voluntarily surrender the Second Floor Premises on or before such date in the condition which Tenant is required to surrender the Premises as of the expiration of the Lease and in compliance with the surrender requirements set forth in the Lease (including this First Amendment). From and after the SFP Surrender Date, Tenant shall have no further rights or obligations of any kind with respect to the Second Floor Premises. Notwithstanding the foregoing, those provisions of the Lease which, by their terms, survive the termination of the Lease shall survive the surrender of the Second Floor Premises and termination of the Lease with respect to the Second Floor Premises as provided for herein. Nothing herein shall excuse Tenant from its obligations under the Lease with respect to the Second Floor Premises prior to the SFP Surrender Date. Notwithstanding anything to the contrary contained in the Lease, (i) Tenant shall not be required to remove any Tenant Improvements or Alterations from the Second Floor Premises in connection with its surrender of the Second Floor Premises and all Tenant Improvements and Alterations located in the Second Floor Premises shall become the Property of Landlord on the SFP Surrender Date, and (ii) in addition to any such Tenant Improvements and Alterations, all laboratory casework located in the Second Floor Premises as of the date of this First Amendment shall also remain in the Second Floor Premises and become the Property of Landlord on the SFP Surrender Date. Notwithstanding anything to the contrary contained herein, Tenant acknowledges that Landlord may enter into a direct lease with Subtenant pursuant to which Subtenant would lease the Second Floor Premises directly from Landlord following the SFP Surrender Date (“Direct Lease”). If Landlord and Subtenant enter into a Direct Lease prior to the SFP Surrender Date, Tenant shall not be required to provide Landlord a Surrender Plan with respect to the Second Floor Premises in connection with Tenant’s surrender of the Second Floor Premises; provided, however, that Landlord shall have the right to conduct any inspections and testing of the Second Floor Premises determined reasonably necessary by Landlord to determine whether the condition of the Second Floor Premises is in compliance with the provisions of the Lease and whether any contamination has...
Second Floor Premises. Subject to the rights of any existing tenants, upon written notice to Landlord, Tenant shall have the right to add to the Premises that certain space on the second floor of the Building consisting of approximately 3,016 and specifically identified in the Expansion Premises Plan provided at Exhibit A-l (the “Second Floor Premises”). Landlord shall deliver the Second Floor Premises to Tenant in its current as-is condition. On the date the Landlord delivers the Second Floor Premises to the Tenant, Tenant shall pay to Landlord: (i) all additional rent (including, without limitation, Tenant’s Proportionate Share of Taxes, Tenant’s Office Space Proportionate Share, and Tenant’s Manufacturing and Storage Space Share), in addition to annual fixed rental, on the Second Floor Premises as set forth in the Existing Lease, and (ii) an annual fixed rental, without offset or deduction, on the Second Floor Premises in accordance with the terms of the Existing Lease as follow: Lease Year Annual Fixed Rental Rate Annual Fixed Rental Monthly Fixed Rental 1 $ 14.25 $ 42,978.00 $ 3,581.50 2 $ 14.61 $ 44,063.76 $ 3,671.98 3 $ 14.97 $ 45,823.17 $ 3,818.60 4 $ 15.35 $ 46,295.60 $ 3,857.97 5 $ 15.73 $ 47,441.68 $ 3,953.47 6 $ 16.12 $ 48,617.92 $ 4,051.49 7 $ 16.53 $ 49,854.48 $ 4,154.54 Tenant shall be entitled to an allowance for work to be performed by Tenant in the Second Floor Premises in an amount equal to the lesser of: (i) $76,525.00, or (ii) the actual cost of such work, as reasonably evidenced by Tenant to Landlord. Landlord shall pay such an allowance to Tenant upon the completion of such work. For the sake of clarity, the allowance to be paid pursuant to this Section 10 is not included in the Tenant Improvement Allowance (as hereinafter defined). Landlord warrants that rights of existing tenants have not changed from Exhibit F of the Existing Lease. Notwithstanding the foregoing, Tenant acknowledges that Liberty Mutual has the right to use the Second Floor Premises as swing space during the performance of Liberty Mutual’s buildout. Provided that Tenant delivers written notice to Landlord exercising Tenant’s option on the Second Floor Premises on or before January 1, 2018, Landlord shall deliver the Second Floor Premises to Tenant no later than February 1, 2018. Landlord has requested a waiver from an existing tenant which has first offer rights on the Second Floor Premises, which rights must be exercised on or before September 15, 2017 or shall be deemed waived.
Second Floor Premises. Upon Lease execution Landlord will notify tenants of 2nd floor that Travelmax International, Inc will be the sole occupant of the building.
Second Floor Premises. Commencing on the New Rent Commencement Date and continuing through the Extended Term, the Rent payable with respect to the Second Floor Premises shall be as follows and shall be payable in accordance with and subject to the procedures set forth in Article 4 of the Original Lease: Months Rentable Area of Second Floor Premises (rsf) Monthly Rent Rate ($/rsf/mo) Monthly Rent ($/mo) Annual Rent ($/yr) 1 – 12* 20,543 $ 2.40 ** $ 49,303.20 $ 591,638.40 13 – 24 20,543 $ 2.47 $ 50,782.30 $ 609,387.60 25 – 36 20,543 $ 2.55 $ 52,305.77 $ 627,669.24 37 – 48 20,543 $ 2.62 $ 53,874.94 $ 646,499.28 49 – 60 20,543 $ 2.70 $ 55,491.19 $ 665,894.28 * Month 1 commences on the New Rent Commencement Date. In the event that the New Rent Commencement Date shall occur on a day other than the first day of any calendar month, Months 1 – 12 shall include the partial calendar month during which the New Rent Commencement Date occurs together with the following twelve (12) full calendar months (such that, by way of example, if the New Rent Commencement Date were to occur on March 21, 2007, Months 1—12 would begin on March 21, 2007 and end on March 31, 2008, and thirteen (13) payments of Monthly Rent (one of which would be prorated) would be payable with respect to Months 1 – 12). ** Monthly Rents set forth above escalate at an annual rate of 3%. Monthly Rent Rates set forth above also escalate at an annual rate of 3% but have been rounded to the nearest cent.
Second Floor Premises. A. The entire rentable area of the second (2nd) floor of the building (the "Second Floor Premises") is currently subject to a lease (the "Existing 2nd Floor Lease") which is scheduled to expire as set forth in Exhibit "D" hereto. Provided that this lease shall be in full force and effect and without default of any of the obligations required to be observed or performed by Tenant hereunder beyond the expiration of applicable notice and cure periods, and Tenant named herein shall occupy all of the demised premises for the conduct of its business, then Tenant shall have the one-time option (the "Second Floor Option") exercisable only upon delivery of notice to Landlord (the "Second Floor Notice") no later than October 31, 2001 (the "Second Floor Notice Date") to lease the Second Floor Premises in accordance with the terms of this Article commencing on the date of tendering of delivery of possession thereof to Tenant (the "Second Floor Commencement Date") for the remainder of the term of this lease; provided, however, that if the Existing 2nd Floor Lease shall terminate prior to the stated expiration date thereof, Tenant will additionally have the Second Floor Option provided above with a Second Floor Notice Date which is thirty (30) days following notice by Landlord to Tenant of such earlier termination. If Tenant shall fail to exercise such earlier option, Tenant will continue to have the previously stated Second Floor Option.
Second Floor Premises. In addition to Tenants lease of the Premises, Landlord leases to Tenant and Tenant leases from Landlord the Second Floor premises. The Second Floor premises is described as follows: 000 Xxxx Xxxxx Xxxxxx, Xxxxx 0, Xxxxxxxxx, Xxxxxxxxxx, and is the space occupied by the law firm of White and Bright as of the date of this Amendment. Tenant's Lease of the Second Floor Premises shall be on the same terms and conditions stated in the Lease except to the extent expressly modified in this agreement. Unless the context otherwise requires, all references in the Lease to the "Premises" shall be deemed to include the Second Floor Premises.
Second Floor Premises. Lease Year Fixed Rent per annum per square foot of Area of the Second Floor Premises 1 $41.00 2 $42.03 3 $43.08 4 $44.15 5 $45.26 6 $46.39 7 $47.55 8 $48.74 9 $49.95 10 $51.20 11 $52.48 12 through Expiration Date $53.80 Thirteenth Floor Premises and Fourteenth Floor Premises: Lease Year Fixed Rent per annum per square foot of Area of the Thirteenth Floor Premises and Fourteenth Floor Premises 1 $51.50 2 $52.79 3 $54.11 4 $55.46 5 $56.85 6 $58.27 7 $59.72 8 $61.22 9 $62.75 10 $64.32 11 $65.92 12 through Expiration Date $67.57 ADDITIONAL RENT All sums other than Fixed Rent payable by Tenant to Landlord under this Lease and any work letter, exhibits, riders or other attachments hereto, including Tenant’s Tax Payment, Tenant’s Operating Payment, late charges, overtime or excess service charges, supplemental water charges, damages, and interest and other costs related to Tenant’s failure to perform any of its obligations under this Lease RENT Fixed Rent and Additional Rent, collectively INTEREST RATE The lesser of (i) two (2%) per annum above the then-current Base Rate, and (ii) the maximum rate permitted by applicable law PARKING ALLOCATION One hundred twenty (120) parking contracts for use in the Parking Facility. In the event that the area of the Premises increases, Tenant will be provided an additional 1.4 parking contracts per 1,000 square feet of the additional Area of the Premises (with such number of parking contracts being rounded to the nearest whole number) for use in the Parking Facility
Second Floor Premises. Effective as of the Effective Date, Tenant hereby leases from Landlord, and Landlord hereby leases to Tenant, the Second Floor Premises. As used herein, the term Second Floor Premises shall mean the approximately 3,016 rentable square feet of space located on the second floor of the Building as further set forth on the Expansion Premises Plan attached hereto as Exhibit A. As of the Effective Date, all references to the
Second Floor Premises. The Second Floor Premises as more particularly described on Exhibit A which is attached hereto, are hereby incorporated into the Premises. All of the terms and conditions of the Lease shall be applicable to the Second Floor Premises, except as specifically set forth in this Fifth Amendment. Landlord and Tenant have agreed upon the rentable square feet of the Second Floor Premises and of the Building for all purposes of this Lease.
