Annual Fixed Rent. See Exhibit A, and Section 3.1.
Annual Fixed Rent for the first year of the Initial Term shall be the sum of eighty one thousand dollars ($81,000) per year, or six thousand seven hundred fifty dollars ($6,750) per month.
Annual Fixed Rent. RATE : Year 1-5 $120,000.00 6-10 $132,000.00 11-15 $145,200.00 16-20 $159,720.00 INSURANCE LIMITS : $2,000,000 Single Action $4,000,000 Aggregate
Examples of Annual Fixed Rent in a sentence
Any balance shown as due to Tenant shall be credited against Annual Fixed Rent next due, or refunded to Tenant if the Lease Term has then expired and Tenant has no further obligation to Landlord.
The Annual Fixed Rent and all other charges for which provision is herein made shall be paid by Tenant to Landlord, without offset, deduction or abatement except as otherwise specifically set forth in this Lease.
Further, the acceptance by Landlord of Annual Fixed Rent, Additional Rent or any other charges paid by Tenant under this Lease shall not be or be deemed to be a waiver by Landlord of any default by Tenant, whether or not Landlord knows of such default, except for such defaults as to which such payment relates.
The receipt by the Landlord of Annual Fixed Rent or Additional Rent with knowledge of the breach of any covenant of this Lease shall not be deemed a waiver of such breach.
Tenant shall perform promptly all of the obligations of Tenant set forth in this Lease; and pay when due the Annual Fixed Rent and Additional Rent and all other amounts which by the terms of this Lease are to be paid by Tenant.
More Definitions of Annual Fixed Rent
Annual Fixed Rent for any partial month shall be paid by Tenant to Landlord at such rate on a pro rata basis, and, if the Commencement Date is a day other than the first day of a calendar month, the first payment which Tenant shall make to Landlord shall be a payment equal to a proportionate part of such monthly Annual Fixed Rent for the partial month from the Commencement Date to the first day of the succeeding calendar month. Other charges payable by Tenant on a monthly basis, as hereinafter provided, likewise shall be prorated, and the first payment on account thereof shall be determined in similar fashion but shall commence on the Commencement Date; and other provisions of this Lease calling for monthly payments shall be read as incorporating this undertaking by Tenant. The Annual Fixed Rent and all other charges for which provision is herein made shall be paid by Tenant to Landlord, without offset, deduction or abatement except as otherwise specifically set forth in this Lease.
Annual Fixed Rent means the annual fixed rent payable hereunder, which shall be the following:
Annual Fixed Rent. Except as set forth below with respect to Annual Fixed Rent payable in respect of the Existing Premises (including the Delayed Portion of the Existing Premises) during the Interim Period (defined below) and except as set forth in Section 3.4 with respect to Annual Fixed Rent payable in respect of the Basement Put Premises, Annual Fixed Rent payable in respect of each Portion of the Premises shall be equal to the amount obtained by multiplying (i) the then-applicable Rentable Floor Area of the Premises (less the sum of (a) the Rentable Floor Area of the Existing Premises during the Interim Period plus (b) the Rentable Floor Area of the Basement Put Premises) by (ii) the then-applicable Annual Fixed Rent rental rate as set forth on the schedule attached hereto as Exhibit 1.1.3 (the “Annual Fixed Rent Rental Rate”). For the avoidance of doubt, the parties acknowledge that (a) the Rentable Floor Area of any Portion of the Expansion Premises will not be taken into account for purposes of the foregoing calculation until the Rent Commencement Date with respect to each such Portion of the Expansion Premises and (b) the Annual Fixed Rent Rental Rate shall have no application with respect to the Basement Put Premises, the parties hereby acknowledging that Annual Fixed Rent shall be payable with respect to the Basement Put Premises as set forth in Section 3.4. In order to illustrate how Annual Fixed Rent under the Lease is calculated, attached hereto as Exhibit 1.1.4 is a sample rent chart showing the Annual Fixed Rent payable commencing as of the Final Expansion Premises Rent Commencement Date and continuing throughout the Lease Term, which sample rent chart assumes the following: (i) the Final Expansion Premises Rent Commencement Date occurs on September 1, 2017, (ii) the Substantial Full Occupancy Commencement Date does not occur at any point during the Lease Term; and (iii) no Commencement Date with respect to any Portion of the Put Premises occurs at any point during the Lease Term.
Annual Fixed Rent. See Exhibit B. Additional Rent: See Article V. Broker(s) None. Exhibits Schedule 9.10 Letter of Credit Requirements
Annual Fixed Rent. RATE : Year 1-5 $70,000.00 6-10 $77,000.00 11-15 $84,700.00 16-20 $93,170.00
Annual Fixed Rent. The sum of (i) for the period commencing on the Rent Commencement Date and expiring on the day preceding the first anniversary of the Rent Commencement Date, $16.29 per square foot of Premises Rentable Area, (ii) for the period commencing on the first anniversary of the Rent Commencement Date and expiring on the day preceding the second anniversary of the Rent Commencement Date, $19.55 per square foot of Premises Rentable Area, (iii) for the period commencing on the second anniversary of the Rent Commencement Date and expiring on the day preceding the fifth anniversary of the Rent Commencement Date, $25.00 per square foot of Premises Rentable Area per annum, and (iv) for the remaining two (2) years of the Original Term, $27.50 per square foot of Premises Rentable Area per annum. The first Year shall be the period commencing on the Rent Commencement Date and expiring on the day preceding the first anniversary of the Rent Commencement Date, and each subsequent twelve-month period shall be a subsequent Year.
Annual Fixed Rent is hereby deleted in its entirety and the following is hereby substituted therefor: