Base Amount Allocable to the Premises definition

Base Amount Allocable to the Premises. Defined in paragraph captioned “Additional Rent”.
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Base Amount Allocable to the Premises. Defined in paragraph captioned "Additional Rent".
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Base Amount Allocable to the Premises. Defined in paragraph captioned "Additional Rent". BASE RENT: The monthly amount of Base Rent and the portion of the Lease Term during which such monthly amount of Base Rent is payable shall be determined from the following table. For convenience and ease of reference, the annual rental rate for the computation of Base Rent and the annual Base Rent are also set forth in tabular form with the annual Base Rent equaling the monthly Base Rent installment multiplied by twelve. In the case of any conflict or inconsistency between the Monthly Base Rent installment and the other illustrative figures set forth in tabular form or in any computations utilizing such figures, the monthly Base Rent installment so specified shall be controlling and conclusive. Rate Annual Base Monthly Base Applicable Portion of Lease Term Per/Rentable Rent Rent Installment Sq. Ft./ Annum (Annual / 12) --------------------------------------- ------------------ ------------------- ------------------ Months 01 through 04 $18.50 $163,207.00 $13,600.58 --------------------------------------- ------------------ ------------------- ------------------ Months 05 through 12 $18.50 $163,207.00 $13,600.58 --------------------------------------- ------------------ ------------------- ------------------ Months 13 through 36 $19.00 $167,618.00 $13,968.17 --------------------------------------- ------------------ ------------------- ------------------ Months 37 through 48 $19.50 $172,029.00 $14,335.75 --------------------------------------- ------------------ ------------------- ------------------ Months 49 through 64 $20.00 $176,440.00 $14,703.33 --------------------------------------- ------------------ ------------------- ------------------ The above rent schedule begins on the first day of the first full month of the Lease Term beginning on or after the Commencement Date. If the Commencement Date is a date other than the first day of a calendar month, Base Rent for the partial month in which the Commencement Date occurs shall be at the same rate as months 5 through 12, but shall be prorated as provided in Paragraph 3.2 hereof. Notwithstanding the foregoing, Landlord shall ▇▇▇▇▇ all Base Rent applicable to the Premises for the first four (4) full months of the Lease Term beginning on or after the Commencement Date, provided, however, if the Lease is terminated prior to the expiration of the Lease Term as a result of a default by Tenant, in addition to all other damages to which Landlord may be entitle...
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Examples of Base Amount Allocable to the Premises in a sentence

  • Tenant shall pay to Landlord as Additional Rent one-twelfth (1/12) of the amount, if any, by which the Estimated Operating Costs Allocable to the Premises exceeds the Base Amount Allocable to the Premises.

  • Landlord shall furnish Tenant a written statement of Estimated Operating Costs Allocable to the Premises for each Year and the amount payable monthly by Tenant for such Costs shall be computed as follows: one-twelfth (1/12) of the amount, if any, by which the Estimated Operating Costs Allocable to the Premises exceeds the Base Amount Allocable to the Premises shall be Additional Rent and shall be paid monthly by Tenant for each month during such Year after the Commencement Date.

  • Landlord reserves the right to install and activate separate metering of electricity, water or other utilities to the Premises, and Tenant agrees to reimburse or pay Landlord within twenty (20) Business Days after invoice from Landlord for all costs of such separate metering, in which case the Operating Costs Base Amount Allocable to the Premises and Operating Costs shall be adjusted accordingly.

  • Landlord reserves the right to install and activate separate metering of electricity, water or other utilities to the Premises, and Tenant agrees to reimburse or pay Landlord within twenty (20) Business Days after invoice from Landlord for the reasonable, actual and documented costs of such separate metering, in which case the Base Amount Allocable to the Premises and Operating Costs shall be adjusted accordingly.

  • Commencing on the first anniversary of the Commencement Date, Tenant shall pay to Landlord as Additional Rent one-twelfth (1/12) of the amount, if any, by which the Estimated Operating Costs Allocable to the Premises exceeds the Base Amount Allocable to the Premises.

  • Landlord reserves the right to install and activate separate metering of electricity, water or other utilities to the Premises at Landlord’s cost, in which case the Operating Costs Base Amount Allocable to the Premises and Operating Costs shall be adjusted accordingly.

  • Base Amount Allocable to the Premises.................................

  • Landlord shall furnish Tenant a written statement of Estimated Operating Costs Allocable to the Premises for each Year and the amount payable monthly by Tenant for such Costs shall be computed as follows: one-twelfth (1/12) of the amount, if any, by which the Estimated Operating Costs Allocable to the Premises exceeds the Base Amount Allocable to the Premises.

  • Landlord reserves the right to install and activate separate metering of electricity, water or other utilities to the Premises, and Tenant agrees to reimburse or pay Landlord within thirty (30) calendar days after invoice from Landlord for all actual, reasonable, out-of-pocket costs of such separate metering, after which the Base Amount Allocable to the Premises and the Operating Costs shall be equitably adjusted by Landlord accordingly.

  • Definitions of certain terms used in this paragraph are set forth in the last subparagraph of this Section 3.4. Commencing January 1, 2016, Tenant agrees to pay to Landlord, as additional rent as computed in this paragraph (individually and collectively the “Additional Rent”), all Operating Costs Allocable to the Premises in excess of the Base Amount Allocable to the Premises.