Rent Commencement. Date: August 1, 2011
Rent Commencement. The earlier of (i) two hundred forty (240) days after Landlord delivers Premises to Tenant as described in Section 4 or (ii) the date Tenant opens for business.
Rent Commencement. DATE The earlier to occur of (a) the 60/th/calendar day following the Commencement Date; and (b) the date Tenant physically occupies the Premises for purposes of commencing the conducting of its business operations therein. EXPIRATION DATE The day preceding the 7/th/ anniversary of the Commencement Date. TERM The period commencing on the Commencement Date and ending on the Expiration Date. PERMITTED USES Executive and general offices, including computer data and laboratory rooms and studio recording rooms, for the transaction of Tenant's business in keeping with Comparable Buildings. BASE YEAR Calendar year 2000. TENANT'S PROPORTIONATE SHARE 5.095%. AGREED AREA OF BUILDING 458,136 rentable square feet. AGREED AREA OF PREMISES 12/th/ Floor: 11,671 rentable square feet 13/th/ Floor: 11,671 rentable square feet Premises: 23,342 rentable square feet FIXED RENT Period Per Annum Per Month ------ --------- ---------- Months 1-42 $1,120,416.00 $93,368.00 Months 43-84 $1,190,442.00 $99,203.50 ADDITIONAL RENT All sums other than Fixed Rent payable by Tenant to Landlord under this Lease, including Tenant's Tax Payment, Tenant's Operating Payment, late charges, overtime or excess service charges, damages, and interest and other costs related to Tenant's failure to perform any of its obligations under this Lease. RENT Fixed Rent and Additional Rent, collectively. ADVANCE RENT $93,368.00 (which shall be applied toward Fixed Rent for the first month of the Term) INTEREST RATE The lesser of (i) 4% per annum above the then- current Base Rate, or (ii) the maximum rate permitted by applicable law. SECURITY DEPOSIT $93,368.00. TENANT'S ADDRESS FOR NOTICES CMGI, Inc. 000 Xxxxxxxxxx Xxxxxx Xxxxxxx, Xxxxxxxxxxxxx 00000 Attn: General Counsel Copies to: Xxxx and Xxxx LLP 00 Xxxxx Xxxxxx Xxxxxx, Xxxxxxxxxxxxx 00000 Attn: Xxxxxx Xxxxxxx, Esq. LANDLORD'S ADDRESS FOR NOTICES TST 555/575, L.L.C. c/o Tishman Speyer Properties, L.P. 000 Xxxxxxx Xxxxxx, Xxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn: Chief Financial Officer Copies to: TST 555/575 Market, L.L.C. c/o Tishman Speyer Properties, L.P. 000 Xxxxxx Xxxxxx, 00xx Xxxxx Xxx Xxxxxxxxx, Xxxxxxxxxx 00000 Attn: Property Manager and: Tishman Speyer Properties, L.P. 000 Xxxxxxx Xxxxxx, Xxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn: General Counsel TENANT'S BROKER Xxxxxxx Realty Corporation and CRF Partners, Inc. LANDLORD'S AGENT Tishman Speyer Properties, L.P. or any other person designated at any time and from time to time by Landlord as Landlord...
Examples of Rent Commencement in a sentence
As used herein, “Sublease Rent Commencement Date” shall mean the date that is sixty (60) days from the Sublease Commencement Date; provided that Subtenant’s obligation to pay Additional Rent shall commence on the Sublease Commencement Date.
No later than the Rent Commencement Date, Landlord shall provide to Tenant an agreement, in form and substance acceptable to Tenant, from any and all current beneficiaries of mortgages/deeds of trust, or any other holders of liens on the Land or any portion thereof, whereby such beneficiaries and lienholders agree not to disturb Tenant’s rights under this Lease.
More Definitions of Rent Commencement
Rent Commencement. Date: March 1, 1991
Rent Commencement means, with respect to vacant space at a Property, the date upon which the Owner of such Property has provided to the Operating Partnership and the REIT satisfactory evidence that such vacant space is under lease to a tenant (other than the U.S. Post Office under the lease which may currently be in effect) and on terms acceptable to the Operating Partnership and the REIT (with such tenant being unaffiliated with the Owner) for an initial term of not less than three years and at an effective annual base rent, inclusive of CAM charges and other items commonly considered "additional rent" of not less than $108,000 over the term of the Lease, exclusive of renewal options, and such tenant has accepted the demised premises and is in occupancy and paying rent. Such evidence shall include, without limitation, the following items which shall be satisfactory to the REIT and the Operating Partnership in their sole discretion: (i) current tenant estoppel certifying as to the amount and location of space demised under the lease, that the tenant has accepted the premises and is in occupancy and paying rent, detailing the rent payable and any rent concessions or unfulfilled landlord construction obligations or allowances, the existence or non-existence of defaults, the term of the lease and any other matters reasonably required by the REIT or the Operating Partnership, (ii) a certificate of occupancy covering the entire vacant space, duly issued by applicable governmental authorities, and authorizing the use and occupancy by the tenant of the demised premises for the uses contemplated under the lease, (iii) final lien waivers from all contractors of all mechanics' or other lien rights associated with tenant improvements construction and (iv) a current report of title disclosing no mechanics' or other liens have been filed in connection with the construction of such tenant improvements.
Rent Commencement. The Rent Commencement Date, shall begin one (1) month following the Commencement Date. Tenant shall be responsible for the payment of one half (1/2) TICAM/ Additional Rent during all free rent periods.
Rent Commencement. Date” shall be the Effective Date.
Rent Commencement. Charges for Base Rent and Operating Expenses, “Rent Commencement Date” shall occur on the earlier of (i) the date Tenant first opens at the Leased Premise for the purpose of conducting business with the general public or (ii) One hundred and twenty days (120) days after the last to occur of the following: (1) the delivery of the space by the Landlord to the Tenant in the condition required under the lease or (2) the date Tenant has received from the appropriate governmental authorities any required permits or licenses, but in no event shall the Rent Commencement Date be later than one hundred-eighty days later than (1) the delivery of the space by the Landlord to the Tenant in the condition required under the lease or (2) the date Tenant has received from the appropriate governmental authorities any required permits or licenses. GUARANTEE: Limited Personal Guarantee, to be further discussed . RENT ABATEMENT: 60 days after tenant opens for business. USE & OPERATION: Tenant shall use the premises for the operation of a Bubbakoo’s Burritos for on or off premises consumption of the following: Burritos, burrito bowls, tacos, taco salads, quesadillas, nachos, and derivatives of “Mexican Style” foods, sides and desserts, and other products and merchandise sold in restaurants and Bubbakoo’s Burritos and any other lawful use. RELOCATION: Landlord shall not have the right to relocate Tenant. EXCLUSIVE USE: Landlord agrees not to allow any other tenant in the Shopping Center to sell burritos, burrito bowls, tacos, taco salads, quesadillas, nachos, and derivatives of “Mexican Style” foods, sides and desserts for either on or off-site consumption.
Rent Commencement. Lease Expiration: Increases: Lease Type: Landlord Responsibilities: Rent (170,000sq ft @$1.34/ft) Rent (24,654sq ft @ $1.34/ft) Rent (10,000sq ft @ $1.00/ft) CAM Reimb.(194,654 @.17/ft October 1, 2009 September 30, 2025 2% Annual NN Roof, structure, exterior $227,800 $35,748 $10,000 $33,091 Rent Commencement: Close of Escrow Lease Expiration: September 1, 2017 (est) Lease Type: NN Landlord Responsibilities Roof, Structure, exterior Rent (80,346sq ft @$1.34/ft) $107,687 CAM Reimb. (80,346@.17/ft) $13,661 Financial Summary (2014) Revenue (includes CAM + Expense @$1.51/ft): $256,700 (NTN Bearing)- 170,000 sq ft *Additional Space $35,748 (NTN Xxxxx)- 24,654 sq ft. Additional Space $10,000 (NTN Bearing)- 10,000 sq ft -Master Lease $121,348- 80,346 sq ft. Total Revenue: $423,796 Expenses: -Taxes $19,817 -Insurance $7,950 -Mowing/landscaping $2,000 -Snow removal $1,400 -Management Fee $12,713 (3% of Gross Income) -Building repairs/Maintenance $8,987 -Utilities (not paid for by Tenants) $3,239 -Reserve (.10 sq.ft) $28,500 Total Expenses: $84,606 Net Operating Income: $339,190 *Note: NTN Xxxxx leases additional space on month to month basis at same terms and conditions. This space is used to store equipment. Property Information Total Square Feet: Approx. 285,000 Dimensions: Manufacturing - 400’x250’ plus offsets Warehouse- 450x400’ Ceiling Heights: Mfg Area- 64,000sqft- 19’10” 28,000sqft- 30’10” 8,000sqft- 38’ (est) Warehouse- 20’6” (at eave) 22’4” (at peak)- 180,000
Rent Commencement. For and with respect to each of the First Floor Premises, DATE(S) the Second Floor A Premises, the Second Floor B Premises, the Second Floor C Premises, the Third Floor Premises and the Fourth Floor Premises, the date which is 9 calendar months after the date on which Landlord delivers possession of the applicable Portion of the Premises to Tenant in accordance with the provisions of this Lease. EXPIRATION DATE The last day of the calendar month in which the day preceding the 15th anniversary of the Commencement Date occurs, or if the term of this Lease shall be extended in accordance with the provisions of Section 37 of this Lease, the last day of any renewal or extended term. TERM The period commencing on the Commencement Date and ending on the Expiration Date. PERMITTED USES Provide health club services and/or sports club services to the public, in a manner and fashion not materially different from those provided on the date of this Lease by the facility known as "The Reebok Sports Club" located at 160 Xxxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx, xxt never less than such other services as may be added to the foregoing facility from time-to-time during the Term (excepting only as permitted pursuant to the provisions of Section 36.2(k) of this Lease), and subject to the terms and provisions of this Lease, including Article 36 hereof and for no other purpose or purposes. BASE TAX YEAR The Tax Year commencing on July 1, 1997 and ending on June 30, 1998. BASE OPERATING The Computation Year commencing on January 1, 1997 and YEAR ending on December 31, 1997. TENANT'S AREA The aggregate number of rentable square feet contained in the Portion(s) of the Premises delivered to Tenant from time to time.