Base Monthly Rent definition

Base Monthly Rent means the fixed monthly rent payable by Tenant pursuant to Section 3.1 which is specified in Section K of the Summary.

Base Monthly Rent. The term“Base Monthly Rent” shall mean the following: Month Base Monthly Rent 01-12 $ 52,975.00 13-24 $ 54,034.50 25-36 $ 55,115.19 37-48 $ 56,217.49 49-60 $ 57,341.84 61-72 $ 58,488.68 73-84 $ 59,658.45 85-96 $ 60,851.62 Use: Office, research and development (including engineering labs) Tenant’s Proportionate Share: 100%

Base Monthly Rent. The term "Base Monthly Rent" shall mean the following: Period Monthly Amount ------ -------------- 8/1/01-7/31/02 $327,888.58 At the end of the 12th month after the actual Lease Commencement Date and at the end of each 12 month period thereafter (until the Lease Expiration Date), Base Monthly Rent shall be increased at a rate of 3.5% per annum compounded annually.

Examples of Base Monthly Rent in a sentence

• Tenant acknowledges that the late payment by Tenant of any monthly installment of Base Monthly Rent or any Additional Rent will cause Landlord to incur certain costs and expenses not contemplated under this Lease, the exact amounts of which are extremely difficult or impractical to fix.

• The failure by Tenant to pay any Additional Rent as required pursuant to this Lease when due shall be treated the same as a failure by Tenant to pay Base Monthly Rent when due, and Landlord shall have the same rights and remedies against Tenant as Landlord would have had Tenant failed to pay the Base Monthly Rent when due.

• In the event of a taking of the Leased Premises which does not result in a termination of this Lease (other than a temporary taking), then, as of the date possession is taken by the condemning authority, the Base Monthly Rent shall be reduced in the same proportion that the area of that part of the Leased Premises so taken (less any addition to the area of the Leased Premises by reason of any reconstruction) bears to the area of the Leased Premises immediately prior to such taking.

• Any termination under this subparagraph shall not relieve Tenant from its obligation to pay to Landlord all Base Monthly Rent and Additional Rent then or thereafter due, or any other sums due or thereafter accruing to Landlord, or from any claim against Tenant for damages previously accrued or then or thereafter accruing.

• Any such holding over to which Landlord has consented shall be construed to be a tenancy from month to month, on the same terms and conditions herein specified insofar as applicable, except that the Base Monthly Rent shall be increased to an amount equal to one hundred fifty percent (150%) of the Base Monthly Rent payable during the last full month immediately preceding such holding over.

More Definitions of Base Monthly Rent

Base Monthly Rent. The term "Base Monthly Rent" shall mean the fixed monthly rent payable by Tenant pursuant to P.3.1 which is specified in Section K of the Summary.

Base Monthly Rent. The term "Base Monthly Rent" shall mean the following: Period Base Monthly Rent ------ ----------------- 12/27/01 - 12/26/04 $140,727.30 12/27/04 - 12/26/09 $153,953.55 12/27/09 - 12/26/11 $160,302.15

Base Monthly Rent means the following: Period Rent Per Square Foot Months 1-12 $3.50 At the end of the 12th month after the Lease Commencement Date and at the end of each 12 month period thereafter (until the Lease Expiration Date), Base Monthly Rent shall be increased at a rate of 4% per annum compounded annually.

Base Monthly Rent means the following: January 1, 2015 through March 31, 2015 No Base Monthly Rent April 1, 2015 through December 31, 2015 $61,454.00 January 1, 2016 through December 31, 2016 $61,454.00 January 1, 2017 through December 31, 2017 $63,300.00 January 1, 2018 through December 31, 2018 $65,200.00 January 1, 2019 through December 31, 2019 $67,200.00 January 1, 2020 through December 31, 2020 $69,200.00 January 1, 2021 through December 31, 2021 $71,250.00 January 1, 2022 through March 31, 2022 $73,380.00

Base Monthly Rent means the rental specified in Article 4 of this Lease.

Base Monthly Rent means the following:

Base Monthly Rent means, subject to adjustment, $40,081.45 per month ($1.55 per square foot, Industrial Gross), payable in advance, without deduction, offset, prior notice or demand, on the first day of each Month of the Term; 4) "Premises" means the part of the Building leased to Tenant for exclusive use, consisting of approximately 25,859 square feet, commonly known as 1001 Xxxx Xxxxxxx Xxxxxxxxx, Xxxxxxxx, Xxxxxxxxxx 00000, xx delineated on Exhibit A); 5) "Building" means the structure in which the Premises are located; 6) "Property" includes the Building and land on which it stands; 7) "Agents" includes employees, agents, guests, invitees and, when applied to Tenant, subtenants and assignees; 8) "Day" and "Month" mean calendar day/month; 9) "Lease Year" means consecutive 12-month periods starting on the Commencement Date; 10) "Common Area" means parts of the Building not for exclusive use by tenants including halls, lobby, elevators, rest rooms, roof, exterior walls and structural components; 11) "Tax" means any form of assessment, license, fee, rent, tax, levy, penalty or tax imposed by any authority having direct or indirect taxing powers (including Improvement Districts) against Landlord's interest in the Property or personal property used in the operation of the Property and/or Landlord's business of renting the Property; 12) "Alteration" includes additions, deletions, modifications and changes including utility installations such as ducting, power panels, fluorescent fixtures, base heaters, conduit and wiring; 13) "Operating Expenses" are all expenses for maintenance, servicing, management and repair of the Property and the Premises inclusive of Taxes and insurance premiums; 14) "Base Year" is the calendar year in which Tenant executes this Lease; 15) Tenant's "Pro Rata Share" is the total cost of an item multiplied by 35.61% [Landlord may, however, adjust Tenant's Pro Rata Share of specific Operating Expenses if Landlord reasonably determines that Tenant's usage warrants such adjustment]; 16) The "floor area of the Premises" is measured from the exterior surface of exterior walls and from the center of walls separating the Premises from adjacent premises or common areas; 17) The "floor area of the Building" is measured from the exterior surface of exterior walls including common and core areas; 18) "consent" and "approval" require reasonable conduct by the consenting/approving party; 19) "Regulation" includes all laws, statutes, regulations and requirements adopte...