Basic Monthly Rent. $2.15 per Rentable Square Foot (subject to adjustment as provided in attached Addendum No. 1). Basic Monthly Rent shall always be due on or before the first day of the applicable month.
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.
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.
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.
If a portion of the Premises is taken and this Lease is not terminated, the Basic Monthly Rent shall be reduced in the proportion that the floor area taken bears to the total floor area of the Premises immediately prior to the taking.
Tenant covenants to pay to Landlord without abatement (except as expressly provided in this Lease), deduction, offset, prior notice or demand the Basic Monthly Rent in lawful money of the United States at such place as Landlord may designate, in advance on or before the first day of each calendar month during the Term, commencing on the Commencement Date (unless otherwise set forth in Paragraph 1.1).
More Definitions of Basic Monthly Rent
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...
Basic Monthly Rent means the following amount(s) per calendar month for the period(s) indicated: 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 $___________ LANDLORD AND TENANT have executed this Commencement Date Certificate on the respective dates set forth below. LANDLORD: WCF Mutual Insurance Company By Its Date TENANT: By Fatpipe Networks Print or Type Name of Signatory: Its Chief Executive Officer Date EXHIBIT E to OFFICE LEASE ESTOPPEL CERTIFICATE 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: Period(s) Basic Monthly Rent Annual Cost Per Rentable Square Foot 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.
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 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 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 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