Grouped Into 1 Collection of Similar Clauses From Business Contracts
This page contains Basic Rent clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Basic Rent. Paragraphs 4.2 and 4.3 of the Second Amendment are hereby deleted in their entirety, and replaced with the following: 3.1. Suite 200 Space Basic Rent. Beginning on the Suite 200 Commencement Date and continuing throughout the Expansion Space Term, the schedule of Basic Rent for the Suite 200 Space shall be as follows: 2 Period During Expansion Space Term Monthly Rate Per Square Foot Monthly Basic Rent Suite 200 Commencement Date - November 30, 2017 $ 5.57 $ 16,052.74 December 1, 2017 – November ...30, 2018 $ 5.74 $ 16,542.68 December 1, 2018 – November 30, 2019 $ 5.91 $ 17,032.62 December 1, 2019 – November 30, 2020 $ 6.09 $ 17,551.38 December 1, 2020 – December 31, 2021 $ 6.27 $ 18,070.14 All such Basic Rent shall be payable by Tenant in accordance with the terms of the Lease Agreement. Landlord and Tenant acknowledge that with respect to the Suite 200 Space, Tenant has prepaid to Landlord the installment of Basic Rent for the first full calendar month of the Expansion Space Term. Notwithstanding anything to the contrary set forth in this Third Amendment, if Tenant does not exercise Tenant's Termination Right with respect to the Suite 200 Space, Basic Rent for the Suite 200 Space shall be abated, in the amount of $16,052.74 per month, for three (3) months beginning on December 1, 2016. 3.2 Suite 210 Space Basic Rent. Beginning on the Suite 210 Commencement Date and continuing throughout the Expansion Space Term, the schedule of Basic Rent for the Suite 210 Space shall be as follows: Period During Expansion Space Term Monthly Rate Per Square Foot Monthly Basic Rent Suite 210 Commencement Date - November 30, 2017 $ 5.57 $ 28,629.80 December 1, 2017 – November 30, 2018 $ 5.74 $ 29,503.60 December 1, 2018 – November 30, 2019 $ 5.91 $ 30,377.40 December 1, 2019 – November 30, 2020 $ 6.09 $ 31,302.60 December 1, 2020 – December 31, 2021 $ 6.27 $ 32,227.80 All such Basic Rent shall be payable by Tenant in accordance with the terms of the Lease Agreement. Landlord and Tenant acknowledge that with respect to the Suite 210 Space, Tenant has prepaid to Landlord the installment of Basic Rent for 3 the first full calendar month of the Expansion Space Term. Notwithstanding anything to the contrary set forth in this Third Amendment, if Tenant does not exercise Tenant's Termination Right with respect to the Suite 210 Space, Basic Rent for the Suite 210 Space shall be abated, in the amount of $28,629.80 per month, for three (3) months beginning on December 1, 2016. 3.3 Suite 50 Space Basic Rent. Beginning on the Suite 50 Commencement Date, and continuing throughout the Expansion Space Term, the schedule of Basic Rent for the Suite 50 Space shall be as follows: Period During Expansion Space Term Monthly Rate Per Square Foot Monthly Basic Rent Suite 50 Commencement Date – November 30, 2017 $ 4.90 $ 90,743.10 December 1, 2017 – November 30, 2018 $ 5.05 $ 93,520.95 December 1, 2018 – November 30, 2019 $ 5.20 $ 96,298.80 December 1, 2019 – November 30, 2020 $ 5.35 $ 99,076.65 December 1, 2020 – December 31, 2021 $ 5.51 $ 102,039.69 All such Basic Rent shall be payable by Tenant in accordance with the terms of the Lease Agreement. Landlord and Tenant acknowledge that with respect to the Suite 50 Space, Tenant has prepaid to Landlord the installment of Basic Rent for the first full calendar month for which Basic Rent is payable hereunder (i.e. the fourth (4th) full calendar month of the Expansion Space Term). Notwithstanding anything to the contrary set forth in this Third Amendment, Basic Rent for the Suite 50 Expansion Space shall be abated, in the amount of $90,743.10 per month, for the first three (3) full calendar months of the Expansion Space Term.View More
Basic Rent. Paragraphs 4.2 and 4.3 of 4.1. Suite 150 Space. 4.1.1 Suite 150 Space during the Second Amendment are hereby deleted in their entirety, and replaced with Period Prior to the following: 3.1. Suite 200 Space Basic Rent. Beginning on Extended Term. With respect to the Suite 200 Commencement Date and continuing throughout 150 Space during a period prior to the Expansion Space Extended Term, the schedule of Basic Rent for is hereby confirmed as follows: Period Monthly Basic Rent December 1, 2016 — No...vember 30, 2017 $ 103,880.94 December 1, 2017 — November 30, 2018 $ 106,997.37 December 1, 2018 — November 30, 2019 $ 110,207.29 All such Basic Rent shall be payable by Tenant in accordance with the terms of the Lease. 4.1.2 Suite 150 Space during Extended Term. With respect to the Suite 200 150 Space during the Extended Term, the schedule of Basic Rent shall be as follows: 2 Period During Expansion Space of Extended Term Monthly Rate Per Square Foot Monthly Basic Rent Suite 200 Commencement Date - November 30, 2017 $ 5.57 $ 16,052.74 December 1, 2017 – November 30, 2018 $ 5.74 $ 16,542.68 December 1, 2018 – November 30, 2019 $ 5.91 $ 17,032.62 December 1, 2019 – — November 30, 2020 $ 6.09 $ 17,551.38 113,513.51 December 1, 2020 – — December 31, 2021 $ 6.27 $ 18,070.14 116,918.91 All such Basic Rent shall be payable by Tenant in accordance with the terms of the Lease Agreement. Landlord and Tenant acknowledge that with 4.2. Suite 200/210 Expansion Space during Expansion Space Term. With respect to the Suite 200 Space, Tenant has prepaid to Landlord the installment of Basic Rent for the first full calendar month of the 200/210 Expansion Space Term. Notwithstanding anything to the contrary set forth in this Third Amendment, if Tenant does not exercise Tenant's Termination Right with respect to the Suite 200 Space, Basic Rent for the Suite 200 Space shall be abated, in the amount of $16,052.74 per month, for three (3) months beginning on December 1, 2016. 3.2 Suite 210 Space Basic Rent. Beginning on the Suite 210 Commencement Date and continuing throughout during the Expansion Space Term, the schedule of Basic Rent for the Suite 210 Space shall be as follows: Period During Expansion Space Term Monthly Rate Per Square Foot Monthly Basic Rent Suite 210 Commencement Date - December 1, 2016 — November 30, 2017 $ 5.57 $ 28,629.80 44,682.54 December 1, 2017 – — November 30, 2018 $ 5.74 $ 29,503.60 46,046.28 December 1, 2018 – — November 30, 2019 $ 5.91 $ 30,377.40 47,410.02 December 1, 2019 – — November 30, 2020 $ 6.09 $ 31,302.60 48,853.98 December 1, 2020 – — December 31, 2021 $ 6.27 $ 32,227.80 50,297.94 All such Basic Rent shall be payable by Tenant in accordance with the terms of the Lease Agreement. Landlord and Agreement; provided, however, that Tenant acknowledge that shall pay with respect to the Suite 210 200/210 Expansion Space, Tenant has prepaid to Landlord the installment of Basic Rent for 3 the first full calendar month of the Expansion Space Term. Notwithstanding anything to the contrary set forth in this Third Amendment, if Tenant does not exercise Tenant's Termination Right with respect to the Suite 210 Space, Basic Rent for the Suite 210 Space shall be abated, in the amount of $28,629.80 per month, for three (3) months beginning on December 1, 2016. 3.3 Suite 50 Space Basic Rent. Beginning on the Suite 50 Commencement Date, and continuing throughout the Expansion Space Term, the schedule of Basic Rent for the Suite 50 Space shall be as follows: Period During Expansion Space Term Monthly Rate Per Square Foot Monthly Basic Rent Suite 50 Commencement Date – November 30, 2017 $ 4.90 $ 90,743.10 December 1, 2017 – November 30, 2018 $ 5.05 $ 93,520.95 December 1, 2018 – November 30, 2019 $ 5.20 $ 96,298.80 December 1, 2019 – November 30, 2020 $ 5.35 $ 99,076.65 December 1, 2020 – December 31, 2021 $ 5.51 $ 102,039.69 All such Basic Rent shall be payable by Tenant in accordance concurrently with the terms mutual execution and delivery of the Lease Agreement. Landlord and Tenant acknowledge that with respect to the Suite 50 Space, Tenant has prepaid to Landlord this Amendment, the installment of Basic Rent for the first full calendar month for which Basic Rent is payable hereunder (i.e. the fourth (4th) full calendar month of the Expansion Space Term). Notwithstanding anything the foregoing, Basic Rent for the Suite 200/210 Expansion Space shall be abated, in the amount of $44,682.54 per month, for the first three (3) full calendar months of the Expansion Space Term. If Tenant exercises its Termination Right pursuant to Paragraph 10 below, Landlord shall credit the pre-paid rent for the Suite 200/210 Expansion Space against the Termination Fee payable by Tenant pursuant to Paragraph 10 below, or if the Landlord leases the Suite 200/210 Expansion Space to a third party after the Termination Option is exercised and as a result no Termination Fee is payable in accordance with Paragraph 10 below, Landlord shall credit the pre-paid rent against Basic Rent payable with respect to the contrary set forth Suite 50 Expansion Space. 3 4.3 Suite 50 Expansion Space during Expansion Space Term. With respect to the Suite 50 Expansion Space during the Expansion Space Term, the schedule of Basic Rent shall be as follows: Period During Expansion Space Term Monthly Rate Per Square Foot Monthly Basic Rent December 1, 2016 — November 30, 2017 $ 4.90 $ 90,743.10 December 1, 2017 — November 30, 2018 $ 5.05 $ 93,520.95 December 1, 2018 — November 30, 2019 $ 5.20 $ 96,298.80 December 1, 2019 — November 30, 2020 $ 5.35 $ 99,076.65 December 1, 2020 — December 31, 2021 $ 5.51 $ 102,039.69 All such Basic Rent shall be payable by Tenant in accordance with the terms of the Lease Agreement; provided, however, that Tenant shall pay with respect to the Suite 50 Expansion Space, concurrently with the mutual execution and delivery of this Third Amendment, the installment of Basic Rent for the first full calendar month for which Basic Rent is payable hereunder (i.e. the fourth (4th) full calendar month of the Expansion Space Term). Notwithstanding the foregoing, Basic Rent for the Suite 50 Expansion Space shall be abated, in the amount of $90,743.10 per month, for the first three (3) full calendar months of the Expansion Space Term. View More
