Common use of Term; Base Monthly Rent Clause in Contracts

Term; Base Monthly Rent. Subject to compliance with all terms and conditions of the Lease: (i) the Extended Term Expiration Date of the Lease is hereby extended from October 31, 2028 to December 31, 2033, wherein the Extended Term Expiration Date shall be now known as the "Term" ("Term") and (ii) Lessee shall retain the Option to Extend the Lease past the Term, as set out in Section 63 of the Lease; however, in determining the "Adjusted Base Rent" for the Option period, Lessor and Xxxxxx agree that the tenant improvements covered by the Tenant Improvement Allowance (as set fo11h in Section 2 below) shall be excluded from the determination of the Adjusted Base Rent. In consideration of the foregoing and the grant by Lessor of the Tenant Improvement Allowance below, Xxxxxx agrees that the monthly Base Rent for the Premises for the Term beginning January 1, 2024, shall be as follows: l/ 1/24 - 12/31/24 [***] 1/1/25 - 12/31/25 [***] 1/1/26 - 12/31/26 [***] 1/1/27 - 12/31/27 [***] 1/1/28 -12/31/28 [***] 1/1/29- 12/31/29 [***] 1/1/30 - 12/31/30 [***] 1/1/31 - 12/31/31 [***] 1/1/32 - 12/31/32 [***] 1/1/33 - 12/31/33 [***]

Appears in 1 contract

Samples: Lease Agreement (Origin Materials, Inc.)

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Term; Base Monthly Rent. Subject to compliance with all terms and conditions of the Lease: (i) the Extended Term Expiration Date of the Lease is hereby extended from October 31, 2028 to December 31, 2033, wherein the Extended Term Expiration Date shall be now known as the "Term" ("Term") and (ii) Lessee shall retain the Option to Extend the Lease past the Term, as set out in Section 63 of the Lease; however, in determining the "Adjusted Base Rent" for the Option period, Lessor and Xxxxxx Lessee agree that the tenant improvements covered by the Tenant Improvement Allowance (as set fo11h forth in Section 2 below) shall be excluded from the determination of the Adjusted Base Rent. In consideration of the foregoing and the grant by Lessor of the Tenant Improvement Allowance below, Xxxxxx agrees that the monthly Base Rent for the Premises for the Term beginning January 1, 2024, shall be as follows: l/ 1/24 1/1/24 - 12/31/24 [***] 1/1/25 - 12/31/25 [***] 1/1/26 - 12/31/26 [***] 1/1/27 - 12/31/27 [***] 1/1/28 -12/31/28 - 12/31/28 [***] 1/1/29- 1/1/29 - 12/31/29 [***] 1/1/30 - 12/31/30 [***] 1/1/31 - 12/31/31 [***] 1/1/32 - 12/31/32 [***] 1/1/33 l/ 1/33 - 12/31/33 [***]

Appears in 1 contract

Samples: Lease Agreement (Origin Materials, Inc.)

Term; Base Monthly Rent. Subject to compliance with all terms and conditions of the Lease: (i) the Extended Term Expiration Date of the Lease is hereby extended from October 31, 2028 to December 31, 2033, wherein the Extended Term Expiration Date shall be now known as the "Term" ("Term") and (ii) Lessee shall retain the Option to Extend the Lease past the Term, as set out in Section 63 of the Lease; however, in determining the "Adjusted Base Rent" for the Option period, Lessor and Xxxxxx agree that the tenant improvements covered by the Tenant Improvement Allowance (as set fo11h fmth in Section 2 below) shall be excluded from the determination of the Adjusted Base Rent. In consideration of the foregoing and the grant by Lessor of the Tenant Improvement Allowance below, Xxxxxx agrees that the monthly Base Rent for the Premises for the Term beginning January 1, 2024, shall be as follows: l/ 1/24 1/1/24 - 12/31/24 [***] 1/1/25 - 12/31/25 [***] 1/1/26 - 12/31/26 [***] 1/1/27 - 12/31/27 [***] 1/1/28 -12/31/28 - 12/31/28 [***] 1/1/29- 1/1/29 - 12/31/29 [***] 1/1/30 - 12/31/30 [***] 1/1/31 - 12/31/31 [***] 1/1/32 - 12/31/32 [***] 1/1/33 - 12/31/33 [***]

Appears in 1 contract

Samples: Lease Agreement (Origin Materials, Inc.)

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Term; Base Monthly Rent. Subject to compliance with all terms and conditions of the Lease: (i) the Extended Term Expiration Date of the Lease is hereby extended from October 31, 2028 to December 31, 2033, wherein the Extended Term Expiration Date shall be now known as the "Term" ("Term") and (ii) Lessee shall retain the Option to Extend the Lease past the Term, as set out in Section 63 of the Lease; however, in determining the "Adjusted Base Rent" for the Option period, Lessor and Xxxxxx Lessee agree that the tenant improvements covered by the Tenant Improvement Allowance (as set fo11h forth in Section 2 below) shall be excluded from the determination of the Adjusted Base Rent. In consideration of the foregoing and the grant by Lessor of the Tenant Improvement Allowance below, Xxxxxx agrees that the monthly Base Rent for the Premises for the Term beginning January 1, 2024, shall be as follows: l/ 1/24 1/1/24 - 12/31/24 [***] 1/1/25 - 12/31/25 [***] 1/1/26 - 12/31/26 [***] 1/1/27 - 12/31/27 [***] 1/1/28 -12/31/28 - 12/31/28 [***] 1/1/29- 1/1/29 - 12/31/29 [***] 1/1/30 - 12/31/30 [***] 1/1/31 - 12/31/31 [***] 1/1/32 - 12/31/32 [***] 1/1/33 - 12/31/33 [***]

Appears in 1 contract

Samples: Lease Agreement (Origin Materials, Inc.)

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