Basic Monthly Rent. $3.20 per Rentable Square Foot, net of electricity and other utilities, subject to adjustment pursuant to attached Addendum No. 1. Basic Monthly Rent will always be due and payable on or before the first day of the applicable month, except that the first month’s Basic Monthly Rent will be due and payable upon the date of Landlord’s execution of this Lease.
Basic Monthly Rent means $48,333.33 per calendar month, as the same may be increased from time to time pursuant to the provisions of Paragraph 4.2.
Basic Monthly Rent means the following amounts per calendar month for the periods indicated, which amounts are subject to adjustment as set forth in the definition of “Premises”; provided, however, that if the Expansion Date occurs on a date other than September 1, 2018, the periods set forth below for the Additional Space only (and not the periods set forth below for the Existing Space, which shall remain in effect as set forth below) shall begin on such other date (as memorialized in an instrument entered into between Landlord and Tenant), but (a) the Basic Monthly Rent for the Additional Space for the first four (4) months on and after the Expansion Date shall be $8.00 per rentable square foot on an annual basis, (b) the increases in the Basic Monthly Rent shall still occur on each August 1St during the Term, and (c) the Expiration Date for both the Additional Space and the Existing Space shall remain as July 31, 2025, subject to extension to July 31, 2026 in accordance with Paragraph 3(b) of Exhibit A attached to this Amendment: Suite 300 - 13,966 rentable square feet Periods Basic Monthly Rent Annual Cost Per Rentable Square Foot September 1, 2018 through July 31, 2019, inclusive $29,829.05 per month, $25.63 August 1, 2019 through July 31, 2020, inclusive $30,573.90 per month $26.27 August 1, 2020 through July 31, 2021, inclusive $31,330.39 per month $26.92 August 1, 2021 through July 31, 2022, inclusive $32,121.80 per month $27.60 August 1, 2022 through July 31, 2023, inclusive $32,924.85 per month $28.29 August 1, 2023 through July 31, 2024, inclusive $33,739.53 per month $28.99 August 1, 2024 through July 31, 2025, inclusive $34,589.13 per month $29.72 (If the Term is extended pursuant to Paragraph 3(b) of Exhibit A attached to this Amendment) August 1, 2025 through July 31, 2026, inclusive $35,450.36 per month $30.46 Additional Space (Suite 350)-11,900 rentable square feet Periods Basic Monthly Rent Annual Cost Per Rentable Square Foot September 1, 2018 through December 31, 2018, inclusive $7,933.33 per month $8.00 January 1, 2019 through July 31, 2019, inclusive $25,416.42 per month $25.63 August 1, 2019 through July 31, 2020, inclusive $26,051.08 per month $26.27 August 1, 2020 through July 31, 2021, inclusive $26,695.67 per month $26.92 August 1, 2021 through July 31, 2022, inclusive $27,370.00 per month $27.60 August 1, 2022 through July 31, 2023, inclusive $28,054.25 per month $28.29 August 1, 2023 through July 31, 2024, inclusive $28,748.42 per month $28.99 Au...
Examples of Basic Monthly Rent in a sentence
Until such repair is complete, the Basic Monthly Rent shall be abated proportionately commencing on the date of such damage or destruction as to that portion of the Premises rendered untenable, if any.
Notwithstanding the foregoing, concurrently with its execution of this Lease, Tenant shall pay to Landlord in advance the Basic Monthly Rent for the first full calendar month following the Commencement Date in which full Basic Monthly Rent is payable.
If Landlord elects to repair any such damage, any abatement of Basic Monthly Rent shall end on notice given by Landlord to Tenant that the Premises have been repaired.
Except for abatement of Basic Monthly Rent, if any, Tenant shall have no claim against Landlord for any loss suffered by reason of any such damage, destruction, repair or restoration, nor may Tenant terminate this Lease as the result of any statutory provision in effect on or after the date of this Lease pertaining to the damage and destruction of the Premises or the Building.
In the event this Lease includes Renewal Options, Basic Monthly Rent during any exercised Renewal Term shall be as set forth in or as otherwise determined in accordance with Section 3 of this Lease; provided, however, that payment of Basic Monthly Rent during any such Renewal Term shall otherwise be made in accordance with the provisions of this Section 4.
More Definitions of Basic Monthly Rent
Basic Monthly Rent. The initial Basic Monthly Rent (as of the Rent Commencement Date) will be $2.25 per month, per Rentable Square Foot of space in the Premises. The Basic Monthly Rent will increase annually pursuant to Paragraph 7.2, below. Basic Monthly Rent will always be due and payable in advance, on or before the first day of the applicable month, except that the first month’s Basic Monthly Rent will be due and payable concurrently with Tenant’s execution of this Lease.
Basic Monthly Rent means the sum of the following, on a fully net basis: (a) the product of $2.65 multiplied by the number of Rentable Square Feet of the Premises, plus (b) the product of 0.01559 multiplied by the Additional Allowance, if any. Basic Monthly Rent is increased by 3.5% on the first day of the calendar month that is one year after the Commencement Date, and again on each anniversary of such date of rent increase.
Basic Monthly Rent means the following amounts per calendar month for the periods indicated; provided, however, that if the Commencement Date occurs on a date other than August 1, 2015, the periods set forth below shall begin on such other date (as memorialized in the Commencement Date Certificate attached as Exhibit D) and shall shift accordingly: Periods Basic Monthly Rent Annual Cost Per Rentable Square Foot August 1, 2015 through December 31, 2015, inclusive $18,328.75 per month $7.52 January 1, 2016 through July 31, 2016, inclusive $57,277.33 per month $23.50 August 1, 2016 through July 31, 2017, inclusive $58,715.36 per month $24.09 August 1, 2017 through July 31, 2018, inclusive $60,177.76 per month $24.69 August 1, 2018 through July 31, 2019, inclusive $61,688.91 per month $25.31 August 1, 2019 through July 31, 2020, inclusive $63,224.43 per month $25.94 August 1, 2020 through July 31, 2021, inclusive $64,808.69 per month $26.59 August 1, 2021 through July 31, 2022, inclusive $66,417.33 per month $27.25 August 1, 2022 through July 31, 2023, inclusive $68,074.72 per month $27.93 August 1, 2023 through July 31, 2024, inclusive $69,780.85 per month $28.63 August 1, 2024 through July 31, 2025, inclusive $71,535.73 per month $29.35
Basic Monthly Rent means the following amount(s) per calendar month for the period(s) indicated1; provided, however, that if the Commencement Date occurs on a date other than the date set forth in Paragraph 1.32, the periods set forth below shall begin on such other date (as memorialized in the Commencement Date Certificate attached as Exhibit D) and shall shift accordingly: Period(s) Basic Monthly Rent Annual Cost Per Rentable Square Foot through , inclusive $ per month $ through , inclusive $ per month $ through , inclusive $ per month $ through , inclusive $ per month $ through , inclusive $ per month $ The Expense Stop is included in the Basic Monthly Rent. 1 which shall be subject to change as set forth in Paragraph 1.9 2 in accordance with the provisions of Paragraph 1.3
Basic Monthly Rent means the following, on a fully net basis, which amount is unaffected by the actual size of the Premises, regardless of any re-measurements from time to time: (a) zero, for the 3-month period beginning on the Rent Commencement Date; then (b) $130,821.25 plus the Additional Allowance Rent, if any (as defined and described in the attached Exhibit C), for the period beginning on the first day after the period described in clause (a) (prorated for such month if less than 30 days) and continuing until the last day of the 15th calendar month following the month in which the Rent Commencement Date occurs. Thereafter, Basic Monthly Rent automatically increases by 3.0% on the first day after the period described in clause (b) of the preceding sentence and again on each anniversary of such date.
Basic Monthly Rent. [***] (subject to ----- adjustment as provided in attached Addendum No. 1). Basic Monthly Rent shall -------------- always be due on or before the first day of each month when due.
Basic Monthly Rent means the following amounts per calendar month for the periods indicated based on 37,229 rentable square feet, which amounts are subject to adjustment as set forth in the definition of “Premises”; provided, however, that if the Commencement Date occurs on a date other than the Projected Commencement Date, then the periods set forth below shall begin on such other date that is the Commencement Date (as memorialized in a certificate entered into between the Parties) and shall shift accordingly in a manner consistent with the definition of “Expiration Date” (with the Expiration Date being on the last day of the relevant month), but in all events, Tenant shall have a seven (7)-month period of Basic Monthly Rent at an annual cost of $6.75 per rentable square foot: Periods Basic Monthly Rent Annual Cost Per Rentable Square Foot September 1, 2014 through March 31, 2015, inclusive $ 20,941.31 per month $ 6.75 April 1, 2015 through August 31, 2015, inclusive $ 82,214.04 per month $ 26.50 September 1, 2015 through August 31, 2016, inclusive $ 84,695.98 per month $ 27.30 September 1, 2016 through August 31, 2017, inclusive $ 87,208.93 per month $ 28.11 September 1, 2017 through August 31, 2018, inclusive $ 89,845.99 per month $ 28.96 September 1, 2018 through August 31, 2019, inclusive $ 92,545.09 per month $ 29.83 September 1, 2019 through March 31, 2020, inclusive $ 95,306.24 per month $ 30.72 “best efforts” means best, commercially reasonable efforts, exercised in good faith and with due diligence.