Base Annual Rental definition

Base Annual Rental has the meaning set forth in Section 1.05.

Base Annual Rental means $1,850,276.16, subject to the increases provided in Section 5.B.

Base Annual Rental means the Initial Base Annual Rental set forth in Section 2.05 as adjusted as set forth in Sections 2.06, 2.07 and 5.02.

Examples of Base Annual Rental in a sentence

• Lessor shall have the same remedies for nonpayment of Additional Rental as those provided herein for the nonpayment of Base Annual Rental.

• During the Lease Term (including any Extension Term), on the first Adjustment Date and on each Adjustment Date thereafter, the Base Annual Rental shall increase by an amount equal to the Rental Adjustment; provided, however, that in no event shall Base Annual Rental be reduced as a result of the application of the Rental Adjustment.

• In the event of a Condemnation of all or any part of any Property for a temporary use (a “Temporary Taking”), this Lease shall remain in full force and effect without any reduction of Base Annual Rental, Additional Rental or any other Monetary Obligation payable hereunder.

• The Base Annual Rental payable hereunder shall be net to Lessor, so that this Lease shall yield to Lessor the rentals specified during the Lease Term, and that all costs, expenses and obligations of every kind and nature whatsoever relating to the Properties shall be performed and paid by Lessee.

• Business income insurance or rental interruption insurance, as requested by Lessor, equal to 100% of the Base Annual Rental for a period of not less than 12 months.

More Definitions of Base Annual Rental

Base Annual Rental means TWO MILLION TWO HUNDRED SIXTEEN THOUSAND SEVEN HUNDRED FIFTEEN AND 96/100 DOLLARS ($2,216,715.96); or (b) modifying, amending, terminating, limiting or affecting in any manner the obligations and liabilities of Lessee pursuant to the Master Lease as set forth in the following Section 2.

Base Annual Rental means $439,968.

Base Annual Rental means $2,780,094.98.

Base Annual Rental means $5,344,600.44.

Base Annual Rental means initially the amount $[__________] and as increased as described on each Adjustment Date as set forth in Article III and Article IV. For the convenience of the parties Base Annual Rental for each year of the Initial Term and the first three (3) Extension Terms (if exercised) shall be as set forth in Schedule 1.13.

Base Annual Rental means $ .

Base Annual Rental means $2,250,000.00, subject to the increases provided for in Section 5.13.