Yearly Fixed Rent. Tenant shall pay to Landlord, without any set-off or deduction (except as otherwise expressly provided herein), at Landlord’s office, or to such other person or at such other place as Landlord may designate by notice to Tenant, the Yearly Fixed Rent set forth in Article 1, provided however that, if Tenant duly exercises its option pursuant to Section 3.3 to extend the Term hereof, the Yearly Fixed Rent shall be increased effective as of the commencement of such extension period to reflect 95% of the fair market rental value of the Demised Premises for the balance of the Term of this Lease, taking into account (among other relevant criteria) rents charged for comparable office building space and Tenant’s obligations to pay Additional Rent and all other provisions of this Lease. In no event shall said fair market rental value take into account any improvements made by Tenant to the Demised Premises (except to the extent funded by Landlord’s Construction Contribution), nor the fact that Landlord has no obligation to refurbish or renovate the Demised Premises at any time prior to or during such extension period. Said fair market rental value shall be as determined in a notice given by Landlord to Tenant at least six (6) months prior to the commencement of such extension period, provided however that if Tenant notifies Landlord of its objection to said determination within ten (10) days after the giving of such notice by Landlord, and if Landlord and Tenant cannot mutually agree upon the same within seventy-five (75) days following receipt of Tenant’s objection, then in such event said fair market rental value shall be determined by appraisers, one to be chosen by Landlord, one to be chosen by Tenant, and a third to be selected by the two first chosen. All appraisers chosen or selected hereunder shall be independent of the parties, shall have received the M.A.I. (Member, Appraisal Institute) designation from the American Institute of Real Estate Appraisers and shall have had at least five (5) years of experience in appraising office space in the downtown section of the City of Boston. The unanimous written decision of the first two chosen, without selection and participation of a third appraiser, or otherwise the written decision of a majority of three appraisers chosen and selected as aforesaid, shall be conclusive and binding upon Landlord and Tenant. Landlord and Tenant shall each notify the other of its chosen appraiser within ten (10) days following expira...
Yearly Fixed Rent. Tenant shall pay to Landlord, without any set- ----------------- off or deduction, at Landlord's office, or to such other person or at such other place as Landlord may designate by notice to Tenant, the Yearly Fixed Rent set forth in Article 1. All Yearly Fixed Rent shall be paid in equal monthly installments in advance on or before the first business day of each calendar month during the Term of this Lease and shall be apportioned for any fraction of a month in which the Term Commencement Date or the last day of the Term of this Lease may fall.
Yearly Fixed Rent. 8 6.2 Taxes.............................................................................. 8 6.3
Yearly Fixed Rent. Commencing on May 12, 2015 (subject to Landlord’s Consent as required per Section 22 below), Sublessee shall pay to Sublessor rent at an annual rate of $229,110.00 (“Fixed Rent”), in equal monthly installments of $19,092.50, in advance, on the first day of each calendar month during the Sublease Term. The first monthly installment shall be delivered to Sublessor by Sublessee upon execution of this Sublease. If the Sublease Term includes a partial calendar month at its beginning or end, the monthly installment of Fixed Rent for such partial month shall be prorated at the rate of 1/30 of the monthly installment for each day in such partial month within the Sublease Term and shall be payable in advance on the first day of such partial month occurring within the Sublease Term. The Fixed Rent shall be paid to Sublessor at its offices located at the address set forth in the opening paragraph hereof, or such other place as Sublessor may designate in writing, in lawful money of the United States of America, without demand, deduction, offset or abatement; provided, however, at Sublessor’s election, Sublessee shall pay installments of Fixed Rent directly to Landlord at Landlord’s address set forth in the Lease, and Sublessee shall, simultaneously with the payment of Fixed Rent to Landlord, send to Sublessor a copy showing each installment payment of Fixed Rent.
Yearly Fixed Rent. Commencing with the Rent Commencement Date (as hereinafter defined), Sublessee shall pay to Sublessor, without any set-off or deduction (except as otherwise expressly provided in this Sublease), at Sublessor's office, or to such other person or at such other place as Sublessor may designate by notice to Sublessee, the Yearly Fixed Rent. The Yearly Fixed Rent shall be paid in equal monthly installments in advance on or before the first day of each calendar month during the Term of this Sublease and shall be apportioned for any fraction of a month occurring during the Term in which the Rent Commencement Date or the last day of the Term of this Sublease may fall. For purposes of this Sublease, "Yearly Fixed Rent" shall equal $29.00 per rentable square foot per annum for the first five lease years of the Term and $34.00 per rentable square foot per annum for the sixth through tenth lease years of the Term. For purposes of this Sublease, the first lease year shall include the first twelve (12) calendar months of the Term, together with any partial month at the beginning of the Term. Successive lease years shall be comprised of succeeding periods of twelve (12) calendar months. Simultaneously with the execution of this Sublease, Sublessee shall deliver to Sublessor the first monthly installment of Yearly Fixed Rent. The "Rent Commencement Date" shall be the later of (a) October 1, 1999 or (b) the Term Commencement Date.
Yearly Fixed Rent. Effective as of the Extension Term Commencement Date, Section 1(19) of the Lease shall be amended to read in its entirety as follows:
Yearly Fixed Rent. During the period commencing May 16, 2003 and ending on May 31, 2013: For Floors 5, 6, 7 and 12 (79,463 rentable square feet): Lease Year 1: $2,304,427 per annum ($29 per rentable square foot) Lease Year 2: $2,383,890 per annum ($30 per rentable square foot) Lease Year 3: $2,463,353 per annum ($31 per rentable square foot) Lease Year 4: $2,542,816 per annum ($32 per rentable square foot) Lease Year 5: $2,622,279 per annum ($33 per rentable square foot) Lease Year 6: $2,781,205 per annum ($35 per rentable square foot) Lease Year 7: $2,860,668 per annum ($36 per rentable square foot) Lease Year 8: $3,019,594 per annum ($38 per rentable square foot) Lease Year 9: $3,178,520 per annum ($40 per rentable square foot) Lease Year 10: $3,337,446 per annum ($42 per rentable square foot) For Floor 1 (5,765 rentable square feet): Lease Year 1: $86,475 per annum ($15 per rentable square foot) Lease Year 2: $92,240 per annum ($16 per rentable square foot) Lease Year 3: $98,005 per annum ($17 per rentable square foot) Lease Year 4: $103,770 per annum ($18 per rentable square foot) Lease Year 5: $109,535 per annum ($19 per rentable square foot) Lease Year 6: $121,065 per annum ($21 per rentable square foot) Lease Year 7: $126,830 per annum ($22 per rentable square foot) Lease Year 8: $138,360 per annum ($24 per rentable square foot) Lease Year 9: $149,890 per annum ($26 per rentable square foot) Lease Year 10: $161,420 per annum ($28 per rentable square foot) For the Storage Space (385 rentable square feet): Lease Years 1 through 10: $4,620 per annum ($12 per rentable square foot)
Yearly Fixed Rent. Effective on the Ground Floor Commencement Date, ----------------- Article 1.(18) of the Lease is hereby amended as follows to reflect the increase in the Yearly Fixed Rent payable under the Lease attributable to the leasing of the Ground Floor Space:
Yearly Fixed Rent. (a) During the first five (5) years of the Term of ---------------------------------------------- this Lease: ---------- $530,960.00 per annum, based upon a rental rate of $40.00 per rentable square foot per annum.
Yearly Fixed Rent. Tenant shall pay to Landlord, without any set-off or deduction, at Landlord’s office, or to such other person or at such other place as Landlord may designate by notice to Tenant, the Yearly Fixed Rent set forth in Article 1. The Yearly Fixed Rent shall be paid in equal monthly installments in advance on or before the first Business Day of each calendar month during the Term of this Lease and shall be apportioned for any fraction of a month in which the Term Commencement Date or the last day of the Term of this Lease may fall.
