of the Lease definition

of the Lease. During the Original Term, Lessee shall pay Lessor Base Rent at the following rates: Month Monthly Base Rent ----- ----------------- 1-12 $ 17,352.72 13-24 $ 23,781.47 25-36 $ 24,732.73 37-48 $ 25,722.04 49-60 $ 26,750.92 As set forth above, the Base Rent shall increase by four percent (4%) annually during the Original Term of the Lease, commencing upon the date which is one (1) year following the Lease Commencement Date. Commencing on Month 13, Base Rent shall include the Additional Space, as defined below. If, for any reason, the Additional Space is not delivered by Lessor as and when specified below, the monthly Base Rent as reflected above shall be reduced accordingly such that the Base Rent is calculated only upon the square footage of the Premises originally delivered to Lessee pursuant to the Lease.

of the Lease. ("Lessee's Proportionate Share") is amended so that the Lessee's Proportionate Share shall 48.55%

of the Lease. For the purposes of this Paragraph 28, "promptly" shall mean, in all events, within ten (10) business days following request."

Examples of of the Lease in a sentence

• Without limitation on other obligations of Tenant which survive the expiration of the Lease Term, the obligations of Tenant to pay the Additional Rent provided for in this Article 4 shall survive the expiration of the Lease Term.

• The provisions of this Section 4.4.1 shall survive the expiration or earlier termination of the Lease Term.

• Tenant’s obligations under this Section 26.2 shall survive the expiration or sooner termination of the Lease Term.

• Upon the expiration of the Lease Term, or upon any earlier termination of this Lease, Tenant shall, subject to the provisions of this Article 15, quit and surrender possession of the Premises to Landlord in as good order and condition as when Tenant took possession and as thereafter improved by Landlord and/or Tenant, reasonable wear and tear and repairs which are specifically made the responsibility of Landlord hereunder excepted.

• If any Rent payment date (including the Lease Commencement Date) falls on a day of the month other than the first day of such month or if any payment of Rent is for a period which is shorter than one month, the Rent for any fractional month shall accrue on a daily basis for the period from the date such payment is due to the end of such calendar month or to the end of the Lease Term at a rate per day which is equal to 1/365 of the applicable annual Rent.

More Definitions of of the Lease

of the Lease. Extension Term" shall mean the renewal term of the Lease commencing immediately upon the end of the Basic Term and ending January 26, 1999."

of the Lease. The parties acknowledge that the Property and/or the area of the Property under common management may from time to time be expanded or contracted; provided, however, that in such case Tenant's pro rata share of common area expenses shall be proportionately adjusted."

of the Lease. Tenant and all contractors and subcontractors shall carry worker's compensation insurance covering all of their respective employees in amounts as required by statute; and all contractors shall also carry public liability insurance, including property damage coverage, with reasonable limits and in form and companies as are required to be carried by Tenant under the Lease; and the policies therefor shall insure Landlord, Landlord's lender and Tenant as additional insureds as their interests may appear, as well as the contractor and its subcontractors. Tenant shall carry the casualty insurance coverage required under the Lease respecting the construction and improvements to be made by Tenant, in the amount of the anticipated cost of construction of Tenant's Work. Certificates of such insurance as is obtained by Tenant, or with respect to insurance provided by contractors and/or subcontractors, certificates or certified copies of all such insurance policies shall be delivered to Landlord before the construction is commenced or the contractor's equipment is moved to the Building. All policies of insurance must require that the carrier give Landlord at least thirty (30) days' advance written notice of any cancellation or lapse of the effective date or any reduction in the amounts of insurance. In the event that during the course of Tenant's Work, any damage shall occur to the Building or construction and improvements being made by Tenant resulting from the actions or omissions of Tenant and/or its contractors and/or subcontractors, then Tenant shall promptly repair the same at Tenant's sole cost and expense.

of the Lease. LESSEE'S RESPONSIBILITY TO TAKE ACTION IN REMEDYING A HAZARDOUS MATERIAL PROBLEM AS SET FORTH HEREIN IS LIMITED TO CAUSES ATTRIBUTABLE TO CONTAMINATION BY THE LESSEE:

of the Lease. Notwithstanding the foregoing, Lessee has informed Lessor that Lessee intends initially to sublease approximately 21,000 square feet of the Premises. The requirement of a deposit in paragraph 12.2(e), and paragraphs 12.2(g) and 12.2(h), are deleted, so that Lessee may retain any difference between sublease rent and rent hereunder."

of the Lease. As of the date hereof, Landlord has no actual knowledge of any existing violations of any Applicable Requirements applicable to the ownership and operation of the Premises. To the extent that as of the Commencement Date, the Premises are brightstar lease in violation of any Applicable Requirements applicable to the ownership and operation of the Premises, then the work required to bring the applicable item into compliance will be performed by Landlord, at its expense."

of the Lease. The term of the Modified Lease shall be for a period of thirty-six (36) months and shall commence on the 1st day of September, 1997 and expire on the 31st day of August, 2000.