Annual Basic Rent means the annual basic rent payable by Tenant for the Leased Premises that are subject, from time to time, to this Lease. During the Initial Term of this Lease, the Annual Basic Rent for each Property shall equal the Net Rentable Area of the Leased Premises for such Property multiplied by the applicable Annual Basic Rent Factor, except that the Annual Basic Rent for any Short Term Expansion Space shall equal the Fair Market Rental Value of such Short Term Expansion Space as provided in Article X. During the Renewal Terms of this Lease, the Annual Basic Rent for each Property shall equal the Fair Market Rental Value of the Leased Premises within such Property, subject, if applicable, to the limitations set forth in Section 1.4(c). The Annual Basic Rent due under this Lease shall equal the sum of all Annual Basic Rents due with respect to each Property. Annual Basic Rent shall be re-calculated each time there is a change in the Annual Basic Rent Factor or in Tenant’s Occupancy Percentage for a Property or a required conversion to, or adjustment in, the Fair Market Rental Value of a Property.
Annual Basic Rent means the annual basic rent payable by Tenant under this Lease for the Leased Premises, which Annual Basic Rent shall, from time to time, be equal to the sum of (I) the product of (i) the Annual Basic Rent Factor, multiplied by (ii) the Net Rentable Area of the Base Leased Premises, plus (II) if any Short-Term Additional Space is then part of the Leased Premises, then, as to each thereof, the product of (i) the STAS Basic Rental Factor for such Short-Term Additional Space, multiplied by (ii) the Net Rentable Area of such Short-Term Additional Space. The Annual Basic Rent due under this Lease shall be re-calculated each time there is a change in (x) the Net Rentable Area of the Leased Premises (due to additions to, or deletions from, the Leased Premises), (y) the Annual Basic Rent Factor (including a change in the Initial ABR Factor pursuant to the proviso in the definition thereof), or (z) the STAS Basic Rental Factor for any Short-Term Additional Space; with any such re-calculation being effective as of the date of such change. Upon any such re-calculation, Landlord and Tenant shall execute and deliver a written instrument confirming the same, and incorporating the same into this Lease. ________________________________________________________________________________________________________________________
Annual Basic Rent. December 15, 1997 through December 31, 1997-Rent at no charge. 1. $44,950.00 ($3,745.83/month) based upon a rental rate of $14.50 PSF 1/1/98 through 12/31/98. 2. $46,500.00 ($3,875.00/month) based upon a rental rate of $15.00 PSF 1/1/99 through 12/31/99 3. $48,050.00 ($4,004.17/month) based upon a rental rate of $15.50 PSF 1/1/2000 through 12/31/2000.
Examples of Annual Basic Rent in a sentence
The Annual Basic Rent and Additional Rent shall be pro rated to the earlier of the termination of this Lease or such date as Tenant is required to vacate the Leased Premises by reason of the taking.
Thereafter, the Annual Basic Rent, and Tenant’s Operating Expense Share and Tenant’s Tax Share shall be calculated based on the Net Rentable Area of the Leased Premises not so taken or condemned.
If this Lease is not terminated as a result of a partial taking of the Leased Premises, the Annual Basic Rent and Additional Rent shall be equitably adjusted according to the rentable area of the Leased Premises and Building remaining.
Landlord shall have the same remedies for the failure to pay Additional Rent as for the nonpayment of Annual Basic Rent.
Annual Basic Rent shall be due and payable in equal monthly installments on the first day of each calendar month during the Term, in advance.
More Definitions of Annual Basic Rent
Annual Basic Rent means the amount specified as such in subsection 1.1 (e):
Annual Basic Rent means the annual basic rent set out in Section 1.1(f);
Annual Basic Rent means the annual basic rent payable by Tenant for the Leased Premises that are subject, from time to time, to the Lease, which Annual Basic Rent shall be calculated as herein provided. During the Initial Term and any Initial Renewal Term of this Lease, the Annual Basic Rent shall be equal to the Net Rentable Area of the Leased Premises multiplied by the Annual Basic Rent Factor, except that the Annual Basic Rent for any Expansion Space shall equal the Fair Market Rental Value of such Expansion Space as provided in Article X. During the Extended Renewal Terms of this Lease, the Annual Basic Rent shall equal the Fair Market Rental Value of the Leased Premises as provided in Section 1.4(d); provided, however, that the Annual Basic Rent Factor used to calculate such Annual Basic Rent payable during an Extended Renewal Term shall not be greater than the Annual Basic Rent Factor for such Extended Renewal Term as set forth in Schedule 1 attached hereto. [Note: In the event Tenant executes a Continuing Term Separate Lease, references to Initial Renewal Term in this definition shall be omitted.]
Annual Basic Rent. Annual Basic Rent shall be payable in twelve (12) equal monthly installments in advance on the first day of each month, according to the following schedule: 11/1/03 – 10/31/04 $35,582.50 $2,965.21 11/1/04 – 10/31/05 $36,658.25 $3,054.85 11/1/05 – 10/31/06 $37,816.75 $3,151.40 (Article 3)
Annual Basic Rent. SEVENTY-FIVE THOUSAND AND 00/100 DOLLARS ($75,000.00) or, in the event the Building is determined to be other than +/- 7,500 square feet, an amount equal to TEN AND 00/100 DOLLARS ($10.00) per square foot, subject to an increase of TEN PERCENT (10%) after FIVE (5) years.
Annual Basic Rent. The product of fifteen dollars ($15.00) multiplied by the agreed rental area for purposes of rent calculation ("Agreed Rental Area") of Two Thousand Two Hundred and Fifty (2,250) square feet. The Annual Basic Rent includes the Base PILOT and the Base Operating Costs. The foregoing rates are subject to adjustment pursuant to Section 7.
Annual Basic Rent. THIRTEN THOUSAND TWO HUNDRED AND 00/100 DOLLARS ($13,200.00), subject to increases of TEN PERCENT (10%) every FIVE (5) years.