Additional Rent Contract Clauses (150)

Grouped Into 3 Collections of Similar Clauses From Business Contracts

This page contains Additional Rent clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Additional Rent. Section 3.1.2(a) of the Lease is amended by deleting the first sentence therefrom in its entirety and replacing it with the following: Tenant shall pay additional rent ("Additional Rent") with respect to each Lease Year (or portion thereof) during the Term subsequent to the Initial Base Year, with respect to each Property, in an amount equal to three percent (3%) of the 3 amount by which Gross Revenues at such Property during such Lease Year exceed Gross Revenues at such Property during the Init...ial Base Year (or the equivalent portion thereof). In addition, Tenant shall pay Additional Rent with respect to each Lease Year (or portion thereof) during the Term subsequent to the 2019 Base Year, with respect to each Property, in an amount equal to one-half percent (0.5%) of the amount by which Gross Revenues at such Property during such Lease Year exceed Gross Revenues at such Property during the 2019 Base Year (or the equivalent portion thereof). For the avoidance of doubt, the payment of Additional Rent based on Gross Revenues in excess of Gross Revenues for the Initial Base Year and the payment of Additional Rent based on Gross Revenues in excess of Gross Revenues for the 2019 Base Year are separate and independent obligations. View More
Found in TRAVELCENTERS OF AMERICA LLC contract
Additional Rent. Section 3.1.2(a) of the Lease is amended by deleting the first sentence therefrom in its entirety and replacing it with the following: Tenant shall pay additional rent ("Additional Rent") with respect to each Lease Year (or portion thereof) during the Term subsequent to the Initial Base Year, with respect to each Property, in an amount equal to three percent (3%) of the 3 amount by which Gross Revenues at such Property during such Lease Year exceed Gross Revenues at such Property during the Init...ial Base Year (or the equivalent portion thereof). In addition, Tenant shall pay Additional Rent with respect to each Lease Year (or portion thereof) during the Term subsequent to the 2019 Base Year, with respect to each Property, in an amount equal to one-half percent (0.5%) of the amount by which Gross Revenues at such Property during such Lease Year exceed Gross Revenues at such Property during the 2019 Base Year (or the equivalent portion thereof). For the avoidance of doubt, the payment of Additional Rent based on Gross Revenues in excess of Gross Revenues for the Initial Base Year and the payment of Additional Rent based on Gross Revenues in excess of Gross Revenues for the 2019 Base Year are separate and independent obligations. 3 10. Deferred Rent. Section 3.1.3(f) of the Lease is deleted in its entirety and replaced with the following: Deferred Rent. Commencing on April 1, 2019 through January 31, 2023, Tenant shall pay to Landlord, the total amount of Fourteen Million One Hundred Seventy-Five Thousand Two Hundred Thirty-Nine and 00/100ths Dollars ($14,175,239.00) in sixteen (16) equal quarterly installments of Eight Hundred Eighty-Five Thousand Nine Hundred Fifty-Two and 00/100ths Dollars ($885,952.00) on the first Business Day of each calendar quarter during such period. View More
Found in TRAVELCENTERS OF AMERICA LLC contract
Additional Rent. Section 3.1.2(a) of the Lease is amended by deleting the first sentence therefrom in its entirety and replacing it with the following: Tenant shall pay additional rent ("Additional Rent") with respect to each Lease Year (or portion thereof) during the Term subsequent to the Initial Base Year, with respect to each Property, in an amount equal to three percent (3%) of the 3 amount by which Gross Revenues at such Property during such Lease Year exceed Gross Revenues at such Property during the Init...ial Base Year (or the equivalent portion thereof). In addition, Tenant shall pay Additional Rent with respect to each Lease Year (or portion thereof) during the Term subsequent to the 2019 Base Year, with respect to each Property, in an amount equal to one-half percent (0.5%) of the amount by which Gross Revenues at such Property during such Lease Year exceed Gross Revenues at such Property during the 2019 Base Year (or the equivalent portion thereof). For the avoidance of doubt, the payment of Additional Rent based on Gross Revenues in excess of Gross Revenues for the Initial Base Year and the payment of Additional Rent based on Gross Revenues in excess of Gross Revenues for the 2019 Base Year are separate and independent obligations. 3 10. Deferred Rent. Section 3.1.3(f) of the Lease is deleted in its entirety and replaced with the following: Deferred Rent. Commencing on April 1, 2019 through January 31, 2023, Tenant shall pay to Landlord, the total amount of Fourteen Million One Hundred Seventy-Five Thousand Two Hundred Thirty-Nine and 00/100ths Dollars ($14,175,239.00) in sixteen (16) equal quarterly installments of Eight Hundred Eighty-Five Thousand Nine Hundred Fifty-Two and 00/100ths Dollars ($885,952.00) on the first Business Day of each calendar quarter during such period. View More
Found in Hospitality Properties Trust contract
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Additional Rent. In addition to Tenant's obligations under Section 5 of the First Amendment, commencing on the Second Expansion Premises Commencement Date and continuing throughout the remainder of the Lease Term, Tenant shall pay, with respect to the Second Expansion Premises, Tenant's Share of Capital Expenses and Excess of Tenant's Share of Building Direct Expenses; provided, however, for purposes of calculating the amount of Tenant's Share of Capital Expenses and the Excess of Tenant's Share of Building Dire...ct Expenses, which Tenant shall pay in connection with the Second Expansion Premises, (i) Tenant's Share shall equal 1.1429%; and (ii) the Base Year shall be calendar year 2020. View More
Found in CATALYST BIOSCIENCES, INC. contract
Additional Rent. In addition Notwithstanding anything to the contrary in the Lease, prior to the Expansion Commencement Date, Tenant shall continue to pay the Excess of Tenant's obligations under Section 5 Share of Building Direct Expenses for the Existing Premises in accordance with the terms of the First Amendment, commencing Original Lease. Commencing on the Second Expansion Premises Commencement Date Date, and continuing throughout the remainder of the Lease Expansion Term, Tenant shall pay, with respect to ...pay the Second Expansion Premises, Tenant's Share of Capital Expenses and Excess of Tenant's Share of Building Direct Expenses; Expenses in accordance with the terms of Article 4 of the Lease; provided, however, for purposes of calculating the amount of Tenant's Share of Capital Expenses and the Excess of Tenant's Share of Building Direct Expenses, which Tenant shall pay in connection with the Second Expansion Premises, (i) Tenant's Share shall equal 1.1429%; 1.7766%; and (ii) the Base Year shall be calendar year 2020. 2018. View More
Found in CATALYST BIOSCIENCES, INC. contract
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Additional Rent. From and after the Sixth Amendment Additional Premises Commencement Date, the Tenant's Share for the Existing Premises and Sixth Amendment Additional Premises shall be 18.94% (64,481/340,380). In addition to the foregoing, with respect solely to the Sixth Amendment Additional Premises, the Base Year shall be calendar year 2015. Nothing contained herein is intended to modify that the Base Year for the Existing Premises. Notwithstanding the foregoing, all charges under the Lease shall be billed by... Landlord within one (1) year from the end of the calendar year in which the charges were incurred; any charges beyond such period shall not be billed by Landlord, and shall not be payable by Tenant. View More
Found in QLIK TECHNOLOGIES INC contract
Additional Rent. From and after the Sixth Fifth Amendment Additional Premises Commencement Date, the Tenant's Share for the Existing Premises and Sixth Fifth Amendment Additional Premises shall be 18.94% (64,481/340,380). 17.8% (60,572 / 340,380). In addition to the foregoing, with respect solely to the Sixth Fifth Amendment Additional Premises, the Base Year shall be calendar year 2015. 2014. Nothing contained herein is intended to modify that the Base Year for the Existing Premises. Notwithstanding the foregoi...ng, all charges under the Lease shall be billed by Landlord within one (1) year from the end of the calendar year in which the charges were incurred; any charges beyond such period shall not be billed by Landlord, and shall not be payable by Tenant. View More
Found in QLIK TECHNOLOGIES INC contract
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