Through New Current Premises Term Sample Clauses

Through New Current Premises Term. Commencing on the New Current Premises Commencement Date and continuing throughout the New Current Premises Term, Tenant shall pay to Landlord Monthly Base Rent for the Current Premises as follows, but otherwise in accordance with the terms of the Lease: Period During Current Premises Term Annualized Monthly Base Rent for the Current Premises* Monthly Base Rent for the Current Premises* Annual Rental Rate per Rentable Square Foot of the Current Premises* * The initial Annualized Monthly 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 Current Premises, and the initial Monthly Base Rent amount was calculated by dividing the initial Annualized Monthly Base Rent amount by twelve (12). Both Tenant and Landlord acknowledge and agree that multiplying the Monthly Base Rent amount by twelve (12) does not always exactly equal the Annualized Monthly Base Rent amount. In all subsequent Monthly Base Rent payment periods during the Lease Term commencing on July 1, 2016, the calculation of each Annualized Monthly Base Rent amount reflects an annual increase of three percent (3%) and each Monthly Base Rent amount was calculated by dividing the corresponding Annualized Monthly Base Rent amount by twelve (12).** The amounts identified in the column entitled "Annual Rental Rate per Rentable Square Foot of the Current Premises" are rounded amounts and are provided for informational purposes only.^ Subject to the terms set forth in this Section 4.1.2 below, the Monthly Base Rent attributable to the Current Premises for the two (2) month period commencing on July 1, 2015 and ending on August 31, 2015 shall be abated. Provided that no event of default (beyond the applicable notice and cure periods) is occurring during two (2) month period commencing on July 1, 2015 and ending on August 31, 2015 (the "Current Premises Monthly Rent Abatement Period"), Tenant shall not be obligated to pay any Monthly Base Rent or Tenant's Pro Rata Share of Operating Expenses otherwise attributable to the Current Premises during such Current Premises Monthly Rent Abatement Period (the "Current Premises Monthly Rent Abatement"). Tenant acknowledges and agrees that during such Current Premises Monthly Rent Abatement Period, such abatement of Monthly Base Rent for the Current Premises shall have no effect on the calculation of any future increases in Monthly Base Rent or Operating Expense...