Annual Fixed Rent Rate definition

Annual Fixed Rent Rate shall be as defined in Section 1.1.
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Annual Fixed Rent Rate. $331,368 payable in equal monthly installments on the first day of each month in the amount of $27,614.
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Annual Fixed Rent Rate. Effective Date — February 28, 2018: $552,996.00 March 1,2018 — February 28, 2019: $879,180.00 March 1, 2019 — February 29, 2020: $909,492.00 March 1, 2020 — February 28, 2021: $939,816.00 March 1, 2021 — February 28, 2022: $970,128.00 March 1, 2022 — February 28, 2023: $1,000,440.00 March 1, 2023 — April 30, 2024: $1,030,764.00”
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Examples of Annual Fixed Rent Rate in a sentence

  • In any event, the Annual Fixed Rent Rate for the extended term shall not be less than the Annual Fixed Rent Rate in effect immediately prior to such extended term.

  • In any event, the Annual Fixed Rent Rate for the Extended Term shall not be less than the Annual Fixed Rent Rate in effect immediately prior to the Extended Term.

  • All of the terms, covenants and provisions of this Lease shall apply to the Extended Term except that the Annual Fixed Rent Rate for such extension period shall be the fair market rate for comparable buildings in the Burlington area (the “Market Rate”) at the commencement of the Extended Term, as designated by Landlord.

  • All of the terms, covenants and provisions of this Lease shall apply to such Extension Term, except that (x) the Annual Fixed Rent Rate for the Extension Term shall be the Fair Rental Value of the Premises at the commencement of such Extension Term, as determined pursuant to this Section 2.3 and (y) Landlord shall have no obligation to make any alterations or improvements to the Premises, or to provide any allowances, inducements or other payments of any kind to Tenant in connection therewith.

  • The Annual Fixed Rent for the Premises shall be payable in equal installments equal to 1/12th of the product of the Annual Fixed Rent Rate multiplied by the rentable floor area of the Premises from time to time, in advance on the first day of each calendar month included in the Term from and after the Rent Commencement Date; and for any portion of a calendar month at the beginning or end of the Term, at the proportionate rate payable for such portion, in advance.


More Definitions of Annual Fixed Rent Rate

Annual Fixed Rent Rate. During the original Term, for the five years commencing on the Commencement Date, Thirty-Seven and 79/100 Dollars ($37.79) per
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Annual Fixed Rent Rate. The sum of :
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Annual Fixed Rent Rate. Months 1-12: $1,155,000.00 Months 13-18: $1,182,504.00Months 19-24: $1,505,004.00Lease Year 3: $1,539,996.00 Lease Year 4: $1,629,360.00 Lease Year 5: $1,665,564.00 Lease Year 6: $1,701,780.00 Lease Year 7: $1,737,984.00 Lease Year 8: $1,774,188.00 Monthly Fixed Rent Rate: Months 1-12: $96,250.00 Months 13-18: $98,542.00Months 19-24: $125,417.00Lease Year 3: $128,333.00 Lease Year 4: $135,780.00 Lease Year 5: $138,797.00 Lease Year 6: $141,815.00 Lease Year 7: $144,832.00 Lease Year 8: $147,849.00 Letter of Credit Amount: $375,000.00
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Annual Fixed Rent Rate. $516,732.00 during the first lease year; $559,788.00 during the second lease year; $602,844.00 during the third lease year; $645,912.00 during the fourth lease year; and $688,968.00 during the fifth lease year. MONTHLY FIXED RENT RATE: $43,061.00 during the first lease year; $46,649.00 during the second lease year; $50,237.00 during the third lease year; $53,826.00 during the fourth lease year; and $57,414.00 during the fifth lease year. LETTER OF CREDIT AMOUNT: $300,000.00 (subject to reduction pursuant to Section 4.4) INITIAL ESTIMATE OF TAXES FOR THE TAX YEAR: $81,804.00 INITIAL ESTIMATE OF OPERATING COSTS FOR THE CALENDAR YEAR: $70,200.00 PERMITTED USES: General offices, research and development, and light manufacturing, and shipping and receiving ancillary thereto. PUBLIC LIABILITY INSURANCE LIMITS: COMMERCIAL GENERAL LIABILITY: $1,000,000 per occurrence $2,000,000 general aggregate
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Annual Fixed Rent Rate. Subject to Sections 2.3 and 4.1(b) hereof, (i) [***]/r.s.f. for the Basement of the Building, [***]/r.s.f. for each of Levels 1, 2 and 3 of the Building, and [***]/r.s.f. for Xxxxx 0 of the Building or (ii) if Landlord advances the Tenant Allowance, the Annual Fixed Rent Rate set forth above shall be [***]/r.s.f. for the Basement of the Building, [***]/r.s.f. for Levels 1, 2 and 3 of the Building and [***]/r.s.f. for Xxxxx 0 xx xxx Xxxxxxxx. XXXXXXXXXXX XXXX: 10 years and 4 months or 15 years and 4 months if Landlord advances the Tenant Allowance.
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Annual Fixed Rent Rate. Monthly Fixed Rent Rate: Final Funding Date(2) through the end of 4th Year: $ 1,289,398.50 (i.e., $7.75 psf) $ 107,449.87 5th Year through 7th Year: $ 1,414,179.00 (i.e., $8.50 psf) $ 117,848.25 8th Year through 10th Year: $ 1,538,959.50 (i.e., $9.25 psf) $ 128,246.62 The above rental amounts shall be proportionately reduced as applicable if Tenant exercises its right pursuant to Paragraph 2(C) to reduce the area of the Premises.
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Annual Fixed Rent Rate. Annual Fixed Rent will be paid at the following Net rental rate for each corresponding lease year as set forth below: Years 1-5 103,538 sq. ft. x $13.00, or $1,345,994.00 per year Years 6-10 103,538 sq. ft. x $15.00, or $1,553,070.00 per year Tenant's Pro Rata Share: 72.4 %
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