Monthly Basic Rent definition

Monthly Basic Rent. Office Area: $276,914.03 per month for the first Lease Year and Warehouse Area: $8,853.31 per month for the first Lease Year q. Additional Rent: 1. Annual Additional Rent: $9.92 per 198,742.13 sq. ft. for a total of $1,971.521.93 (estimated operating expenses for the first Lease Year and to be adjusted as provided in Section 11 of the Master Lease Agreement) 2. Monthly Additional Rent: $164,293.49 (estimated monthly operating expenses during the first Lease Year and to be adjusted as provided in Section 11 of the Master Lease Agreement)

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Monthly Basic Rent. With respect to each Premises, one-twelfth (1/12th) of the Basic Annual Rent applicable thereto as provided in this Lease.

Monthly Basic Rent. Upon the commencement of the Term of this Lease as to the applicable portion of the Premises, and on the first day of each month thereafter during the Term of this Lease as to the applicable portion of the Premises, Tenant shall pay to Landlord, in advance and, except as expressly provided herein, without offset, deduction or demand as Monthly Basic Rent for the Premises the following monthly payments: Months Monthly Basic Rent Annual Basic Rent Annual Rent PSF ------------------- ------------------ ----------------- ------------------ Premises A $255,000 $3,060,000 $45.00 NNN Commencement Date through Premises B Commencement Date Premises B $438,750** $5,265,000 $45.00 NNN Commencement Date through month 60* months 61 - 120* $477,750** $5,733,000 $49.00 NNN * Measured from the Premises B Commencement Date ** Applies to the entire Premises

Examples of Monthly Basic Rent in a sentence

• Monthly Basic Rent for any partial month shall be prorated in the proportion that the number of days this Lease is in effect during such month bears to the actual number of days in such month.

• Tenant acknowledges that, in addition to interest costs, the late payments by Tenant to Landlord of any Monthly Basic Rent or other sums due under this Lease will cause Landlord to incur costs not contemplated by this Lease, the exact amount of such costs being extremely difficult and impractical to fix.

• Tenant agrees to pay Landlord, as basic rent for the Premises, the Monthly Basic Rent in the amounts designated in Section 1.8 of the Summary.

• The invalidity or unenforceability of any provision of this Lease (except for Tenant’s obligation to pay Monthly Basic Rent and Excess Expenses under Sections 3 and 4 hereof) shall in no way affect, impair or invalidate any other provision hereof, and such other provisions shall remain valid and in full force and effect to the fullest extent permitted by law.

• The provisions of this Section 32.15 shall not apply to nor operate to excuse Tenant from the payment of Monthly Basic Rent, Operating Expenses, additional rent or any other payments strictly in accordance with the terms of this Lease.

• Tenant shall pay an entire month’s Monthly Basic Rent calculated in accordance with this Section 9.2 for any portion of a month it holds over and remains in possession of the Premises pursuant to this Section 9.2. This Section 9.2 shall not be construed to create any expressed or implied right to holdover beyond the expiration of the Lease Term or any extension thereof.

• Except for abatement of Monthly Basic Rent as provided hereinabove, Tenant shall not be entitled to any compensation or damages for loss of, or interference with, Tenant’s business or use or access of all or any part of the Premises resulting from any such damage, repair, reconstruction or restoration.

• Monthly Basic Rent for any partial month shall be prorated in the proportion that the number of days this Lease is in effect during such month bears to a thirty (30) day month.

• Tenant shall pay an entire month’s Monthly Basic Rent calculated in accordance with this Section 9.3 for any portion of a month it holds over and remains in possession of the Premises pursuant to this Section 9.3.

• The Monthly Basic Rent and additional rent shall be paid to Landlord as provided in Section 7, without any prior notice or demand therefor and without any deduction or offset whatever, in lawful money of the United States of America.

More Definitions of Monthly Basic Rent

Monthly Basic Rent. Upon the commencement of the Term of this Lease, and on the first day of each month thereafter during the Term of this Lease, Tenant shall pay to Landlord, in advance and without offset, deduction or demand except as otherwise set forth in this Lease as Monthly Basic Rent for the Premises the following monthly payments: Year Of Term Monthly Basic Rent ------------ ------------------ 1 $51,114.00 2 $52,647.00 3 $54,227.00 4 $55,853.00 5 $57,529.00 6 $59,255.00 7 $61,032.00 8 $62,863.00 9 $64,749.00 10 $66,691.00

Monthly Basic Rent and "additional rent" are sometimes referred to herein as "Rent" or "rent" and shall include all sums due from Subtenant to Sublandlord under the terms of this Sublease. All Rent shall be payable at the office of the Sublandlord at the following address: Lucent Technologies Inc. 475 ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ Attention: Lease Administration or at such other address as directed by notice from Sublandlord to Subtenant.

Monthly Basic Rent. The monthly basic rent for the term of this lease shall be according to the following schedule: * Retroactive to 1/1/94 and with limited rental abatement period. See Addendum ¶18 ** See Addendum ¶19. *** See Addendum ¶17.

Monthly Basic Rent. Upon the commencement of the Term of this Lease, and on the first day of each month thereafter during the Term of this Lease, Tenant shall pay to Landlord, in advance and without offset, deduction or demand as Monthly Basic Rent for the Premises the following monthly payments: (a) Monthly Basic Rent for the initial Premises (i.e., the 5th and 6th Floors). Months of Term Monthly Basic Rent -------------- ------------------ 1-4* $48,750.00** 5-8 $58,500.00*** 9-12 $77,725.05 13-24 $80,445.43 25-36 $83,261.02 37-48 $86,175.16 49-60 $89,191.29 61-72 $92,312.99 73-84 $95,543.94 * Including any partial month at the beginning of the Term if the Commencement Date is not the first (1st) day of the month. ** Calculated on the basis of 25,000 rentable square feet only. *** Calculated on the basis of 30,000 rentable square feet only. (b) Monthly Basic Rent for Suite 400: Months of Term Monthly Basic Rent -------------- ------------------ Fourth Floor Commencement $41,636.40 Date - 12 13-24 $43,093.67 25-36 $44,601.95 37-48 $46,163.02 49-60 $47,778.73 61-72 $49,450.99 73-84 $51,181.77

Monthly Basic Rent. Annual Basic Rent divided by twelve(12).

Monthly Basic Rent shall initially mean Three Thousand Thirty-Three and No/100 Dollars ($3,033.00). Notwithstanding the foregoing, the Additional Monthly Basic Rent shall increase from time to time, upon notice from Landlord to Tenant, to an amount equal to the sum of (a) the product of (i) twenty-five (25) and (ii) the prevailing rate charged by Landlord from time to time for unreserved parking passes at the Project, and (b) the product of (i) two (2) and (ii) the prevailing rate charged by Landlord from time to time for reserved parking passes at the Project.