Basic Lease Provisions and Definitions. In addition to other terms elsewhere defined in this Lease, the following terms whenever used in this Lease should have only the meanings set forth in this Preamble, unless such meanings are expressly modified, limited or expanded elsewhere herein.
Basic Lease Provisions and Definitions. Commencing on May 1, 2010, Section 1.01 of the Lease is hereby amended by deleting subsections D, E, H and L and substituting the following in lieu thereof:
Basic Lease Provisions and Definitions. Commencing on the Effective Date, Section 1.01 of the Lease is hereby amended by deleting subsections D, E and G and substituting the following in lieu thereof:
Basic Lease Provisions and Definitions. (a) Leased Premises (shown outlined on Exhibit A attached hereto): The building commonly known as the “Assembly Building” (the “Building”), located at 0000 X. XX Xxx. 00, Xxxxxx, Xxxxx Xxxxxxxx, within the Park Point office and research park (the “Park”), which is itself located within the Research Triangle Park (the “RTP”).
(b) Rentable Area: Subject to Section 1.03, approximately 200,340 rentable square feet, consisting of the portion of the Leased Premises shown highlighted on Exhibit A attached hereto (the “Initial Leased Premises”) and the portion of the Leased Premises shown highlighted on Exhibit A attached hereto (the “Deferred Leased Premises”), collectively being all of the rentable square feet within the Building. The Rentable Area of the Leased Premises includes the square footage within the Leased Premises plus a thirteen and 2/10ths percent (13.2%) load factor, subject to Section 1.03(b).
(c) Tenant’s Proportionate Share: 66% prior to Tenant commencing use of the Deferred Leased Premises, and 100% following earlier to occur of (i) Tenant commencing use of the Deferred Leased Premises (or any portion thereof) or (ii) the first day of the thirty-seventh (37th) month of the Lease Term (such earlier date the “Deferred Leased Premises Trigger Date”).
(d) Building’s Share: 30.73% as of the Lease Date, determined, from time to time, by dividing the Rentable Area of the Building by the rentable share footage of all tenant space within the Park (being approximately 652,000 rentable square feet as of the Lease Date), subject to Section 1.03(b).
(e) Minimum Annual Rent and Monthly Rental Installments: Time Period (months) MinimumAnnual Rent /SF(Initial LeasedPremises) Minimum Monthly Rental Installments (Initial Leased Premises) MinimumAnnual Rent /SF(DeferredLeasedPremises) MinimumMonthlyRentalInstallments(DeferredLeasedPremises) Total Monthly Rental Installments Total Period Rental Installments 1 3* $0.00 $0.00# $0.00 $0.00 $0.00 $0.00 4 12 $31.00 $310,527.00# $0.00 $0.00 $310,527.00 $2,794,743.00 13 24 $31.85 $319,066.49# $0.00 $0.00 $319,066.49 $3,828,797.91 25 36 $32.73 $327,840.82# $0.00 $0.00 $327,840.82 $3,934,089.85 37 48 $33.63 $336,856.44 $33.63 $224,570.96 $561,427.41 $6,737,128.87 49 60 $34.55 $346,120.00 $34.55 $230,746.66 $576,866.66 $6,922,399.92 61 72 $35.50 $355,638.30 $35.50 $237,092.20 $592,730.49 $7,112,765.91 73 84 $36.48 $365,418.35 $36.48 $243,612.23 $609,030.58 $7,308,366.98 85 96 $37.48 $375,467.35 $37.48 $250,311.57 $625,778.9...
Basic Lease Provisions and Definitions. (a) Leased Premises (shown shaded on Exhibit A attached hereto): Suite ____ of the building commonly 00000 Xxxx Xxxx Xxxxxxx, Xxxxxxx, Xxxxxxx (the “Building”).
(b) Rentable Area: approximately twelve thousand three hundred forty-eight (12,348) rentable square feet.
(c) Minimum Annual Rent:
Basic Lease Provisions and Definitions. (a) Leased Premises (shown outlined in Exhibit A hereto): Suite 100 of the building (the "Building") located at 0000 Xxxx Xxxxxxxxx Xxxxxxx, Xxxxxxxxxxx, Xxxxx Xxxxxxxx, 00000, within Perimeter Park (the "Park").
(b) Rentable Area: approximately 154,853 rentable square feet.
(c) Tenant's Proportionate Share: 100%.
(d) Minimum Annual Rent: Year 1 $2,322,795.00 Year 2-9 (subject to abatement and increases pursuant to Section 3.01 hereof)
(e) Monthly Rental Installments: Months 1-12 $193,566.25 Months 13-108 (subject to abatement and increases pursuant to Section 3.01 hereof)
(f) Intentionally Omitted.
(g) Commencement Date: August 1, 2009.
(h) Lease Term: Nine (9) years.
(i) Intentionally Omitted.
(j) Broker: X.X. Xxxxxxx & Co., Inc. representing Tenant.
Basic Lease Provisions and Definitions. A. Leased Premises (shown outlined on Exhibit A attached hereto): Suite: 100; Building Address: Woodland V, 7000 Xxxxxxxxxxx Xxx, Xxxxxxxxxxxx, Xxxxxxx 00000 ("Building"), located on the land identified on Exhibit A-1 (the "Land") within Interactive Intelligence Corporate Park (the “Park”);
B. Rentable Area: approximately 120,000 rentable square feet; Landlord shall use the standards described in the Standard Method for Mxxxxxxxx Xxxxx Xxxx xx Xxxxxx Xxxxxxxxx, XXX0X00.0-0000, as promulgated by the Building Owners and Managers Association International (BOMA), consistently applied, in determining the Rentable Area and the rentable area of the Building. The Rentable Area shall include the area within the Leased Premises plus a pro rata portion of the area covered by the common areas within the Building, as reasonably determined by Landlord prior to the Occupancy Date, as hereinafter defined. Landlord's determination of Rentable Area made in good faith shall presumptively be deemed correct for all purposes hereunder; provided, however, Tenant shall have the right, at any time prior to the Commencement Date, to have the Leased Premises and Building measured by Tenant's architect and, in the event of a disparity of or dispute to Landlord's measurement, either (a) Landlord and Tenant shall mutually agree on the Rentable Area of the Leased Premises and the rentable area of the Building, or (b) Landlord and Tenant shall agree to have the Leased Premises and Building measured by an independent architect mutually agreed upon by Landlord and Tenant, in which event Landlord and Tenant agree to abide by such certified remeasurement. If the rentable square footage of the Leased Premises/Building, as measured by said independent architect, is one thousand (1,000) feet or more smaller than Landlord's determination of the rentable square footage of the Leased Premises/Building, then the costs of said independent architect shall be borne by Landlord, otherwise said costs shall be borne by Tenant. Upon determination of the actual Rentable Area of the Leased Premises and rentable area of the Building, the Minimum Annual Rent and all other rents payable by Tenant hereunder shall be adjusted to reflect the actual square footage.
C. Building Expense Percentage: 100%;
D. Minimum Annual Rent: Effective Date – March 31, 2018 April 1, 2018 – March 31, 2019 $2,712,000.00 per year $2,430,000.00 per year April 1, 2019 – March 31, 2020 $2,491,200.00 per year April 1, 2020 – March 31, 2...
Basic Lease Provisions and Definitions. (a) Leased Premises (shown outlined on Exhibit A attached hereto): Suite 300 of the building to be constructed by Landlord (the “Building”), located at 0000 Xxxxxxxxxx Xxxx Boulevard, Morrisville, North Carolina 27560, within Perimeter Park (the “Park”).
(b) Rentable Area: approximately 42,715 rentable square feet. For information purposes only, Landlord used the Building Owners and Managers Association International (“BOMA”) Standard Method for Measuring Floor Area In Office Buildings (American National Standard ANSI-Z65.1-1996 approved June 7, 1996 by American National Standards Institute, Inc.) in determining the useable area of the Building plus a 16.09% add-on for common areas to determine the Rentable Area of the Leased Premises. Landlord and Tenant hereby acknowledge and agree that the square footage of the Rentable Area as set forth above is not subject to dispute or re-measurement by either party during the Lease Term.
(c) Tenant’s Proportionate Share: 20.69% (based on 42,715 rentable square feet within the Leased Premises divided by the 206,409 rentable square feet within the Building).
(d) Minimum Annual Rent: Year 1 $ 897,015.00 Year 2 $ 919,440.36 Year 3 $ 942,426.36 Year 4 $ 965,987.04 Year 5 $ 990,136.68
(e) Monthly Rental Installments: Months 1 – 12 $ 74,751.25 Months 13 – 24 $ 76,620.03 Months 25 – 36 $ 78,535.53 Months 37 – 48 $ 80,498.92 Months 49 – 60 $ 82,511.39
(f) Base Year: 2014.
(g) Target Commencement Date: June 16, 2014.
Basic Lease Provisions and Definitions. A. Leased Premises (shown outlined on EXHIBIT A attached hereto): Apollo Industrial Center II; 000 Xxxxxx Xx., Xxxxx, Xxxxxxxxx 00000; (the "Building");
B. Rentable Area: 70,089 square feet; Landlord shall use commercially reasonable standards, consistently applied, in determining the Rentable Area and the rentable area of the Building. Landlord's determination of Rentable Area shall conclusively be deemed correct for all purposes hereunder.
C. Tenant's Proportionate Share: 100%
D. Minimum Annual Rent: Years 1 $397,458.00 per year Years 2 - 3 $436,428.00 per year Years 4 - 6 $453,948.00 per year Years 7 - 8 $471,480.00 per year
E. Monthly Rental Installments: Months 1 - 6 $ 32,039.00 per month Months 7 - 12 $ 34,204.00 per month Months 13 - 36 $ 36,369.00 per month Months 37 - 72 $ 37,829.00 per month Months 73 - 96 $ 39,290.00 per month
F. Landlord's Share of Expenses: N/A G. Lease Term: Eight (8) years H. Target Commencement Date: March 1, 2000.
I. Security Deposit: $10,000.00
J. Guarantor: ISA Internationale Inc., a Delaware corporation
K. Broker: Duke-Weeks Realty Limited Partnership representing Landlord
L. Permitted Use: Operation and administration of a home shopping network and related purposes
M. Addresses for notices: Landlord: Duke-Weeks Realty Limited Partnership 0000 Xxxxx Xxxxxx Xxxxx Xxxxx 000 Xxxxxxxxxxx, XX 00000 Tenant XxxxxxxxxxxxXX.xxx, Inc. Prior to 0000 Xxxxxx Xxxxxx Xxxx, Xxxxx 000 Commencement Date: Xxxxx, XX 00000 Tenant XxxxxxxxxxxxXX.xxx, Inc. After ______________________________ Commencement Date: Eagan, MN ___________ Address for rental and other payments: Duke-Weeks Realty Limited Partnership NW 7210 X.X. Xxx 0000 Xxxxxxxxxxx, XX 00000-0000
Basic Lease Provisions and Definitions. (a) (i) “Leased Premises” means the Building Land, together with the Improvements (as defined below) thereon, as shown outlined on Exhibit A attached hereto and made a part hereof.
