Initial Base Rent definition

Initial Base Rent is defined in Article 1.

Initial Base Rent. The sum of One Hundred Fifty-Nine Thousand, Five Hundred Sixty-Nine and 06/100 Dollars ($159,569.06) per month, being One Million, Nine Hundred Fourteen Thousand, Eight Hundred Twenty-Eight and 66/100 ($1,914,828.66) per annum.

Initial Base Rent has the meaning provided in Section 3.01(a).

Examples of Initial Base Rent in a sentence

• If the product is greater than the Initial Base Rent, Tenant will pay this greater amount as Base Rent until the next rental adjustment.

• The adjustments in the Base Rent will be determined by multiplying the Initial Base Rent by a fraction, the numerator of which is the index number for the most recent publication of the above referenced CPI before the adjustment and the denominator of which is the index number for the first month of the first year of the Term.

• The sum of the monthly rent amount and the one-twelfth the amount of the annual ad valorem taxes assessed in the preceding calendar year shall constitute the Initial Base Rent for the Initial Term.

• On the execution of this Lease, Tenant shall deposit with Landlord an amount equal to Initial Base Rent, as security for faithful performance of the terms of the Lease.

More Definitions of Initial Base Rent

Initial Base Rent means the amount of Base Rent in the initial year of the Term.

Initial Base Rent means the annual Base Rent in effect during the Extension Period until the first Adjustment Date during such Extension Period.

Initial Base Rent. Initial Premises: $69,437.60 per month. Must Take Premises: $19,575.00 per month.

Initial Base Rent means $652,800 per year.

Initial Base Rent. $63,582.35 per month ("BASE RENT"), payable in advance on or before the Commencement Date and on the first day of each month thereafter during the Term (See also Paragraph 4)

Initial Base Rent. As defined in the Basic Lease Provisions.

Initial Base Rent. As defined in the Basic Lease Provisions. -----------------