Storage Area. The parties acknowledge that a storage area shall be provided in the lower level of the Building, containing approximately 3,000 rentable square feet of space (the “Storage Space”) in a location to be determined by Landlord. For so long as Tenant is utilizing the Storage Space, Tenant shall pay to Landlord, as additional rent in advance and in equal monthly installments, the amounts set forth below. Tenant shall be entitled to use the Storage Space and shall have access to same twenty-four (24) hours per day, seven (7) days per week. The parties acknowledge and agree that the Storage Space is and is intended to be the same “Storage Space” described in the 10,217 SF Lease and in no event shall Tenant be entitled, under the Tenant Leases, to more than 3,000 rentable square feet of storage space at the Building. The rent payable with respect to the Storage Space shall be as follows (on a gross basis): Lease Year Per Annum Monthly Installments 1 $ 30,000.00 $ 2,500.00 2 $ 30,900.00 $ 2,575.00 3 $ 31,827.00 $ 2,652.25 4 $ 32,781.84 $ 2,731.82 5 $ 33,765.36 $ 2,813.78 6 $ 34,778.28 $ 2,898.19 7 $ 35,821.68 $ 2,985.14 8 $ 36,896.28 $ 3,074.69 9 $ 38,003.16 $ 3,166.93 10 $ 39,143.28 $ 3,261.94 11 $ 40,317.60 $ 3,359.80 12 $ 41,527.08 $ 3,460.59 13 $ 42,772.92 $ 3,564.41 14 $ 44,056.08 $ 3,671.34 15 $ 45,377.76 $ 3,781.49
Appears in 1 contract
Storage Area. The parties acknowledge that a storage area shall be provided in the lower level of the Building, containing approximately 3,000 rentable square feet of space (the “''Storage Space”") in a location to be determined by Landlord. For so long as Tenant is utilizing the Storage Space, Tenant shall pay to Landlord, as additional rent in advance and in equal monthly installments, the amounts set forth below. Tenant shall be entitled to use the Storage Space and shall have access to same twenty-four (24) hours per day, seven (7) days per week. The parties acknowledge and agree that the Storage Space is and is intended to be the same “"Storage Space” " described in the 10,217 111,933 SF Lease and in no event shall Tenant be entitled, under the Tenant Leases, to more than 3,000 rentable square feet of storage space at the Building. The rent payable with respect to the Storage Space shall be as follows (on a gross basis): Lease Year Per Annum Monthly Installments 1 $ 30,000.00 $ 2,500.00 2 $ 30,900.00 $ 2,575.00 3 $ 31,827.00 $ 2,652.25 4 $ 32,781.84 $ 2,731.82 5 $ 33,765.36 $ 2,813.78 6 $ 34,778.28 $ 2,898.19 7 $ 35,821.68 $ 2,985.14 8 $ 36,896.28 $ 3,074.69 9 $ 38,003.16 $ 3,166.93 10 $ 39,143.28 $ 3,261.94 11 $ 40,317.60 $ 3,359.80 12 $ 41,527.08 $ 3,460.59 13 $ 42,772.92 $ 3,564.41 14 $ 44,056.08 $ 3,671.34 15 $ 45,377.76 $ 3,781.49
Appears in 1 contract
Samples: Standard Microsystems Corp
Storage Area. The parties acknowledge that a storage area shall be provided in the lower level of the Building, containing approximately 3,000 rentable square feet of space (the “Storage Space”) in a location to be determined by Landlord. For so long as Tenant is utilizing the Storage Space, Tenant shall pay to Landlord, as additional rent in advance and in equal monthly installments, the amounts set forth below. Tenant shall be entitled to use the Storage Space and shall have access to same twenty-four (24) hours per day, seven (7) days per week. The parties acknowledge and agree that the Storage Space is and is intended to be the same “Storage Space” described in the 10,217 111,933 SF Lease and in no event shall Tenant be entitled, under the Tenant Leases, to more than 3,000 rentable square feet of storage space at the Building. The rent payable with respect to the Storage Space shall be as follows (on a gross basis): Lease Year Per Annum Monthly Installments 1 $ $30,000.00 $ $2,500.00 2 $ $30,900.00 $ $2,575.00 3 $ $31,827.00 $ $2,652.25 4 $ $32,781.84 $ $2,731.82 5 $ $33,765.36 $ $2,813.78 6 $ $34,778.28 $ $2,898.19 7 $ $35,821.68 $ $2,985.14 8 $ $36,896.28 $ $3,074.69 9 $ $38,003.16 $ $3,166.93 10 $ $39,143.28 $ $3,261.94 11 $ $40,317.60 $ $3,359.80 12 $ $41,527.08 $ $3,460.59 13 $ $42,772.92 $ $3,564.41 14 $ $44,056.08 $ $3,671.34 15 $ $45,377.76 $ $3,781.49
Appears in 1 contract
Storage Area. The parties acknowledge that a storage area shall be provided in the lower level of the Building, containing approximately 3,000 rentable square feet of space (the “"Storage Space”") in a location to be determined by Landlord. For so long as Tenant is utilizing the Storage Space, Tenant shall pay to Landlord, as additional rent in advance and in equal monthly installments, the amounts set forth below. Tenant shall be entitled to use the Storage Space and shall have access to same twenty-four (24) hours per day, seven (7) days per week. The parties acknowledge and agree that the Storage Space is and is intended to be the same “"Storage Space” " described in the 10,217 SF Lease and in no event shall Tenant be entitled, under the Tenant Leases, to more than 3,000 rentable square feet of storage space at the Building. The rent payable with respect to the Storage Space shall be as follows (on a gross basis): Lease Year Per Annum Monthly Installments 1 $ 30,000.00 $ 2,500.00 2 $ 30,900.00 $ 2,575.00 3 $ 31,827.00 $ 2,652.25 4 $ 32,781.84 $ 2,731.82 5 $ 33,765.36 $ 2,813.78 6 $ 34,778.28 $ 2,898.19 7 $ 35,821.68 $ 2,985.14 8 $ 36,896.28 $ 3,074.69 9 $ 38,003.16 $ 3,166.93 10 $ 39,143.28 $ 3,261.94 11 $ 40,317.60 $ 3,359.80 12 $ 41,527.08 $ 3,460.59 13 $ 42,772.92 $ 3,564.41 14 $ 44,056.08 $ 3,671.34 15 $ 45,377.76 $ 3,781.49
Appears in 1 contract
Samples: Standard Microsystems Corp