Initial Monthly Base Rent definition

Initial Monthly Base Rent means the Monthly Base Rent payable by Tenant for the first full calendar month of the first Lease Year.
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Initial Monthly Base Rent. Twenty Seven Thousand Six Hundred Sixty Four Dollars $27,664 INITIAL ESTIMATED MONTHLY 1. Utilities: $127 OPERATING EXPENSE PAYMENTS: (estimates only and subject to 2. Common Area Charges: $1,134 adjustment to actual costs and expenses according to the 3. Taxes: $3,951 provisions of this Lease) 4. Insurance: $97 INITIAL ESTIMATED MONTHLY OPERATING EXPENSE PAYMENTS: $5,309 INITIAL MONTHLY BASE RENT AND OPERATING EXPENSE PAYMENTS: $32,973 SECURITY DEPOSIT: $57,075 - $27,664 of said Security Deposit will be refunded to Tenant when MicroTel ("Guarantor") provides Landlord with audited financial statements at year end 1997 or there after showing net income in excess of $1,000,000 BROKER: Jim ▇▇▇▇▇▇/▇▇▇liers Parr▇▇▇ ▇▇▇ernational, Inc. ADDENDA: Addendum I, II, III, IV, V and VI Exhibit A, B, B-1, C and Guarantee
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Initial Monthly Base Rent on Page 1 of the Lease and Addendum One of the Lease is hereby amended to be $43,340.00 for lease years 1-5 and $49,841.00 for lease years 6-10.
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Examples of Initial Monthly Base Rent in a sentence

  • If a majority of the Brokers is unable to set the Extension Term Initial Monthly Base Rent within the stipulated period of time, the three (3) evaluations shall be added together and their total divided by three (3); the resulting quotient shall be the Extension Term Initial Monthly Base Rent for the Premises.

  • If only one (1) evaluation is disregarded, the remaining two (2) evaluations shall be added together and their total divided by two (2); the resulting quotient shall be the Extension Term Initial Monthly Base Rent for the Premises.

  • If both the low evaluation and the high evaluation are disregarded as stated in this Paragraph, the middle evaluation shall be the Extension Term Initial Monthly Base Rent for the Premises.

  • Within thirty (30) days after the selection of the third Broker, a majority of the Brokers shall set the Extension Term Initial Monthly Base Rent.

  • Landlord and Tenant shall have thirty (30) days after Landlord receives the Exercise Notice in which to seek to agree on the Extension Term Initial Monthly Base Rent.

  • If two (2) Brokers are appointed by Landlord and Tenant as stated in this Paragraph, they shall meet promptly and attempt to set the Extension Term Initial Monthly Base Rent.

  • Annual Base Rent shall be paid in equal monthly installments in the amount of the Initial Monthly Base Rent set forth in Section 1 hereof, as adjusted annually pursuant to Section 3B hereof, in advance on or before the first day of each month of the Term.

  • The Extension Term Initial Monthly Base Rent shall increase by three percent (3%) on an annual basis.

  • If either Landlord or Tenant does not appoint a Broker within ten (10) days after the other party has given notice of the name of its Broker, the single Broker appointed shall be the sole Broker and shall set the Extension Term Initial Monthly Base Rent.

  • All amounts due hereunder shall be deemed to be Additional Base Rent and shall be paid at the same time and in the same manner as Initial Monthly Base Rent pursuant to Section 3A of Lease.


More Definitions of Initial Monthly Base Rent

Initial Monthly Base Rent. $ 10,023.75 Initial Estimated Monthly 1. Utilities: premises electricity & gas separately metered to Tenant Operating Expense Payments: (estimates only and subject to 2. Common Area Charges: $ 747.23 adjustment to actual costs and expenses according to the 3. Taxes: $ 1,324.96 provisions of this Lease) 4. Insurance: $ 142.16 5. Others: (Mgmt. fee) $ 331.70 Initial Estimated Monthly Operating Expense Payments: $ 2,546.05 Initial Monthly Base Rent and Operating Expense Payments: $ 12,569.80 Security Deposit: $ 3,700.00 Broker: J. ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇ Central Texas, Ltd. and ▇▇▇▇▇ ▇▇▇▇▇, Commercial Industrial Properties Addenda: Rules and Regulations; Exhibit A -- Location of Premises; Addendum -- Right to Extend Term; Construction Allowance
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Initial Monthly Base Rent. Two Dollars and Fifty Cents ($2.50) times the Rentable Square Feet contained within the Premises, subject to adjustment as provided in subparagraph 1(m) below and as otherwise provided in this Lease, including the Addendum hereto.
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Initial Monthly Base Rent. One Hundred Sixty-Six Thousand Six Hundred Sixty Six and 67/100 Dollars ($166,666.67) Signage Tenant may install a sign at Tenant's cost and expense identifying Tenant on or adjacent to the Building provided the location, dimensions and appearance of such sign are approved in writing by Landlord and the sign complies with all applicable governmental requirements
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