Initial Base Rent definition

Initial Base Rent is defined in Article 1.
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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.
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Initial Base Rent means the annual Base Rent in effect during the Extension Period until the first Adjustment Date during such Extension Period.
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Examples of Initial Base Rent in a sentence

  • According to the Italian Law on Banking, it is mandatory for banks and financial intermediaries to participate in systems for the out-of-court resolution of disputes with customers.

  • If the Base Rent increases during the term of this Lease, Lessee shall, upon written request from Lessor, deposit additional monies with Lessor so that the total amount of the Security Deposit shall at all times bear the same proportion to the increased Base Rent as the initial Security Deposit bore to the Initial Base Rent.

  • The contents of all discussion during the mediation shall be confidential and nondiscoverable in subsequent arbitration or litigation, if any.

  • 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 base rent for any Extension Term will never be less than the Initial Base Rent.


More Definitions of Initial Base Rent

Initial Base Rent has the meaning provided in Section 3.01(a).
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Initial Base Rent means the amount of Base Rent in the initial year of the Term.
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Initial Base Rent. Initial Premises: $69,437.60 per month. Must Take Premises: $19,575.00 per month.
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Initial Base Rent means $652,800 per year.
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Initial Base Rent with respect to the Additional Space, as described in Paragraph 3 of the Lease, shall be XXXXXX and shall be paid in equal monthly installments of XXXXX
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Initial Base Rent. As defined in the Basic Lease Provisions. -----------------
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Initial Base Rent. One Hundred Thousand Dollars ($100,000.00) per month, subject to subsequent adjustment under this Lease.
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