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.

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”

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 the 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 such 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.
The arbitrator’s decision as to which estimate shall be the Fair Market Rate for the Extended Term shall be rendered in writing to both Landlord and Tenant and shall be final and binding upon them and shall be the Annual Fixed Rent Rate for 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 market rate at the commencement of the Extended Term (“Market Rate”), as designated by Landlord (subject to Tenant’s right to dispute the same and the dispute resolution mechanism set forth below).

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

Annual Fixed Rent Rate. Monthly Fixed Rent Rate:

Annual Fixed Rent Rate. The sum of:

Annual Fixed Rent Rate. Subject to Sections 2.3 and 4.1(b) hereof, (i) [*****Confidential*****]/rentable square foot ("r.s.f.") for the Premises or (ii) if Landlord advances the Tenant Allowance, the Annual Fixed Rent Rate set forth above shall be [*****Confidential*****]/r.s.f. for the Premises. APPROXIMATE TERM: Approximately 15 years and 4 months, subject to the Options to Extend.

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

Annual Fixed Rent Rate. Subject to Sections 2.3 and 4.1(b) hereof, (i) $50/rentable square foot ("r.s.f.") for the Premises or (ii) if Landlord advances the Tenant Allowance, the Annual Fixed Rent Rate set forth above shall be $62.50/r.s.f. APPROXIMATE TERM: Approximately 15 years and 4 months, subject to the Options to Extend.

Annual Fixed Rent Rate. $231,392.00 through March 31, 2002; and $260,316.00 thereafter. MONTHLY FIXED RENT RATE: $19,282.67 through March 31, 2002; and $21,693.00 thereafter. LETTER OF CREDIT AMOUNT: $100,000.00, subject to reduction pursuant to Section 4.4.