Basic Monthly Rent definition
Basic Monthly Rent. Approximately $5.125 per Rentable Square Foot, fully-serviced, 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 the following amount(s) per calendar month for the period(s) indicated: ___________________through ____________________, inclusive $________per month $___________ ___________________ through ____________________, inclusive $________per month $___________ ___________________through ____________________, inclusive $________per month $___________ ___________________through ____________________, inclusive $________per month $___________ ___________________through ____________________, inclusive $________per month $___________ LANDLORD AND TENANT have executed this Commencement Date Certificate on the respective dates set forth below. WCF Mutual Insurance Company By Its Date By Fatpipe Networks Print or Type Name of Signatory: Its Chief Executive Officer Date Tenant Name: ____________________________________________________________________________________ Tenant Address:__________________________________________________________________________________ RE: The undersigned, as Lessee, under that certain Lease dated ______________, made with __________________, as Lessor,hereby ratifies said Lease and certifies that:
Basic Monthly Rent means the following amount(s) per calendar month for the period(s) indicated; provided, however, that if the Rent Commencement Date occurs on a date other than the date set forth in Paragraph 1.13, the periods set forth below shall begin on such other date (as memorialized in the Rent Commencement Date Certificate attached as Exhibit D) and shall shift accordingly: February 1, 2019 through $27,198.50 per month $21.00 January 31, 2020 , inclusive February 1, 2020 through $28,493.67 per month $22.00 January 31, 2021 , inclusive February 1, 2021 through $29,788.83 per month $23.00 January 31, 2022 , inclusive February 1, 2022 through $31,084.00 per month $24.00 January 31, 2023 , inclusive February 1, 2023 through $32,379.17 per month $25.00 January 31, 2024 , inclusive Basic Monthly rent for the month of December of each year from 2019 through 2023 shall be abated including additional rent for Tenant’s Share of Operating Expenses.
Examples of Basic Monthly Rent in a sentence
Tenant shall not be entitled to any abatement or reduction of Basic Monthly Rent or other Rent because of the exercise by Landlord of any rights under this Paragraph.
A temporary Condemnation of the Premises, or any part of the Premises, for less than 180 days, shall not constitute a Condemnation under this Paragraph; but the Basic Monthly Rent shall ▇▇▇▇▇ as to the portion of the Premises affected during such temporary Condemnation.
In the case of a fixed term appointment, employees will be required pay back some or all their redundancy compensation subject to the length of the offer of fixed term employment in accordance with (k) below.
If the first day on which Basic Monthly Rent is due under this Lease is not the first day of a calendar month, on or before such due date the Basic Monthly Rent shall be paid for the initial fractional calendar month prorated on a per diem basis and for the first full calendar month following such due date.
If the Rent Commencement Date is other than the first day of a calendar month, then the Basic Monthly Rent payable by Tenant for the second month of the Term following the Rent Commencement Date (acknowledging that the first month’s rent is payable upon Lease execution) shall be prorated on the basis of the actual number of days during the Term occurring during the first partial calendar month thereof.
More Definitions of Basic Monthly Rent
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 amount(s) per calendar month for the period(s) indicated: July 1, 2024 – June 30, 2025 $ 29,141.25 $ 22.50 July 1, 2025 – June 30, 2026 $ 30,015.49 $ 23.18 July 1, 2026 – June 30, 2027 $ 30,915.95 $ 23.87 July 1, 2027 – June 30, 2028 $ 31,843.43 $ 24.59
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. [***] (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, 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 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: (If the Term is extended pursuant to Paragraph 3(b) of Exhibit A attached to this Amendment) (If the Term is extended pursuant to Paragraph 3(b) of Exhibit A attached to this Amendment) (If the Term is extended pursuant to Paragraph 3(b) of Exhibit A attached to this Amendment)