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Additional Rent.
Additional Rent. contract clause examples

. During the New Premises Term, Tenant shall pay Additional Rent for the New Premises pursuant to the Lease, including without limitation, Tenant’s Share of Project Expenses in accordance with Article 4 of the Original Lease; provided, however, that the Base Year with respect to the New Premises shall be calendar year 2021, and Tenant’s Share with respect to the New Premises shall be 2.360%.

Tenant shall continue to pay Tenant’s Share of Direct Expenses for the Existing Premises in accordance with the Lease until the Expansion Premises Rent Commencement Date.

Additional Rent; Rent. All sums payable by Tenant under this Lease, other than Basic Rent, shall be deemed “Additional Rent,” and, unless otherwise set forth herein, shall be payable in the same manner as set forth above for Basic Rent. Basic Rent and Additional Rent shall jointly be referred to as “Rent” within the meaning of California Civil Code Section 1951(a), the nonpayment of which, after the expiration of applicable notice and cure periods, shall entitle Landlord to exercise all rights and remedies provided in Article XX or by law. It is intended that the Rent provided for in this Lease shall be an absolutely net return to Landlord for the Term of this Lease and any renewals or extensions thereof, free of any and all expenses or charges with respect to the Premises except for the exclusions set forth in [Section 6.2] and for those obligations of Landlord expressly set forth herein.

Additional Rent. The term “Tenant’s Share” under the Lease shall be redefined to be 22.71% as of the Expansion Premises Rent Commencement Date.

Additional Rent. In addition to Base Rent, Tenant agrees to pay to Landlord as additional rent (“Additional Rent”): # commencing on the Rent Commencement Date, Tenant’s Share of “Operating Expenses” (as defined in Section 5), and # any and all other amounts Tenant assumes or agrees to pay under the provisions of this Lease, including, without limitation, any and all other sums that may become due by reason of any default of Tenant or failure to comply with the agreements, terms, covenants and conditions of this Lease to be performed by Tenant, after any applicable notice and cure period.

Additional Rent. In addition to Base Rent, Tenant agrees to pay to Landlord as additional rent (“Additional Rent”): # commencing on the Rent Commencement Date, Tenant’s Share of “Operating Expenses” (as defined in Section 5), and # any and all other amounts Tenant assumes or agrees to pay under the provisions of this Lease, including, without limitation, any and all other sums that may become [[Landlord:Organization]] Technology Forest/[[Tenant:Organization]] - Page 4

ADDITIONAL RENT. In addition to the Base Rent, commencing on the Rent Commencement Date, Tenant shall, during each Lease Year, pay to Landlord as “Additional Rent” the amount by which the sum of the following expenses for any Lease Year during the Term exceeds the amount of such expenses for the base year 2020 (the “Base Year”): the sum of “Building Operating Expenses” plus “Owner’s Association Assessments” plus “Taxes” plus “Insurance”. In no event shall any decrease in Additional Rent in any Lease Year below the Base Year result in Landlord being obligated to pay Tenant for the difference. As used herein the term:

Additional Rent. Tenant shall pay Additional Rent for the Converted Space in the manner and at the times applicable to the Original Premises except as expressly set forth in this Amendment. Notwithstanding anything in the Lease to the contrary, Tenant shall have no obligation to pay for utilities consumed in the Converted Space prior to the Converted Space RCD except to the extent included in Direct Costs for the construction of the Converted Space Finish Work.

Additional Rent. Two # business days prior to Closing Seller shall deliver a preliminary reconciliation reflecting additional rent applicable to the 2021 lease year and expenses incurred applicable to the same period (such as operating expense and real estate tax reimbursements and the like), calculated on a cash basis. Seller will receive a credit at Closing for any amount reflected on the reconciliation as due from Tenant and will credit Purchaser for any amount reflected on the reconciliation as due to Tenant. The parties shall reconcile such amounts AmericasActive:17009577.1

Effective as of January 1, 2022, the Expense Stop, as defined in the Summary of Selected Matters section of the Lease and in Article 7 of the Lease, shall mean the actual operating costs incurred in the calendar year 2023.

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