Tenant shall pay annual fixed rent for the Additional Space (including electric) from the A.S. Commencement Date through the Expiration Dale at the following rates:
Tenant shall continue to pay annual fixed rent, additional rent, escalations and other charges for the Substitute Storage Space from the Substitute Storage Space Commencement Date through the Expiration Date at the rates and under the conditions set forth in the Lease, as modified by the Ninth Amendment, but shall have no obligations or liabilities accruing from and after the Substitute Storage Space Commencement Date with respect to the Storage Space which shall no longer be a part of the Premises.
In addition to the payment of annual fixed rent as hereinabove provided, Tenant shall continue to pay additional rent and other charges for the Premises as originally provided for in the Lease provided, however, that as of the A.S. Commencement Date, solely with respect to the Additional Space: # the Tax Base as such term is defined in [Section 4.01(b)] of the Lease, shall mean the Taxes which would be paid by Landlord for the fiscal tax year commencing July 1, 2011 and ending on June 30, 2012; # the Tenants Proportionate Share as such term is defined in [Section 4.01(d)] of the Lease, shall mean 0.1045%; and # the provisions of Article 4 of the Lease that pertain to Operating Expense Escalations shall not be applicable to the Additional Space, and Tenant shall not be obligated to pay increases in annual fixed rent and/or additional rent accruing under the provisions thereof for Operating Expenses.
Annual Fixed Rent for Third Floor Additional Premises. Commencing on the date ten (10) months following the Third Floor Commencement Date and continuing through the May 31, 2016, expiration date of the current Lease term, Tenant shall pay as Annual Fixed Rent for the Third Floor Additional Premises under Sections 1.04 and 1.05 of the Lease the sum of One Hundred Eight Thousand Five Hundred Dollars ($108,500.00), in monthly installments of Nine Thousand Forty One and 67/100 Dollars (59,041.67) per month.
until the Extension Rent shall be so finally determined, the annual fixed rent payable by Tenant during the Extension Period shall be equal to the annual fixed and additional rent payable hereunder for the immediately preceding year; and
The Additional Space shall be added to the Premises under all the terms and conditions of the Lease, as modified herein, for a term (the Additional Space Term) commencing on the A.S. Commencement Date and ending on the Expiration Date or on such earlier dale upon which the term of the Lease shall expire, be canceled or terminated pursuant to any of the conditions or covenants of the Lease or pursuant to law (and the term Premises, as used in the Lease, shall from and after the A.S, Commencement Date, mean the Premises and the Additional Space). Tenant acknowledges and agrees that the Additional Space shall be used and occupied for storage purposes only and for no other purpose.
Annual fixed rent for the space demised pursuant to the Lease for 1996 shall be the sum of $533,345.21 which shall be paid in ten (10) equal monthly installments of $53,334.52 commencing March 1, 1996 and ending on December 31, 1996. The annual fixed rent set forth in this Paragraph 4. is net of the debt of $61,334.33 referred to in Paragraph 1.
Estimated Additional Rent: Annual Reconciliation. [[Organization A:Organization]] shall, each year during the Term of this Lease Agreement, give [[Organization B:Organization]] an estimate of Operating Expenses and Real Estate Taxes payable per square foot of rentable area for the coming calendar year. [[Organization B:Organization]] shall pay, as Additional Rent, along with its monthly Minimum Rental payments required hereunder, one-twelfth (1/12) of such estimated Operating Expenses and Real Estate Taxes and such Additional Rent shall be payable until subsequently adjusted for the following year pursuant to this Article. As soon as possible after the expiration of each calendar year, [[Organization A:Organization]] shall determine and certify to [[Organization B:Organization]] the actual Operating Expenses and Real Estate Taxes for the previous year per square foot of rentable area in the Building and the amount applicable to the Premises. If such statement shows that [[Organization B:Organization]]’s share of Operating Expenses and Real Estate Taxes exceeds [[Organization B:Organization]]'s estimated monthly payments for the previous calendar year, then [[Organization B:Organization]] shall, within thirty (30) days after receiving [[Organization A:Organization]]'s certification, pay such deficiency to [[Organization A:Organization]]. In the event of an overpayment by [[Organization B:Organization]], such overpayment shall be refunded to [[Organization B:Organization]], at the time of certification, in the form of an adjustment in the Additional Rental next coming due, or if at the end of the Term by a refund.
Option Rent. The annual Rent payable by Tenant during the Option Term (the "Option Rent") shall be equal to the "Fair Rental Value," as that term is defined below, for the Premises as of the commencement date of the Option Term. The "Fair Rental Value," as used in this Lease, shall be equal to the annual rent per rentable square foot (including additional rent and considering any "base year" or "expense stop" applicable thereto), including all escalations, at which tenants (pursuant to leases consummated within the twelve (12) month period preceding the first day of the Option Term), are leasing non-sublease, non-encumbered, non-equity space which is not significantly greater or smaller in size than the subject space, with a comparable level of improvements (excluding any property that Tenant would be allowed to remove from the Premises at the termination of the Lease), for a comparable lease term, in an arm's length transaction, which comparable space is located in the "Comparable Buildings," as that term is defined in this Section 2.2.2, below (transactions satisfying the foregoing criteria shall be known as the "Comparable Transactions"), taking into consideration the following concessions (the "Concessions"):
the Annual Fixed Rent payable pursuant to [Section 5.1(a)(iii)] above with respect to the Entire 3rd Floor Space only shall be abated for the period commencing on June 1, 2016 and ending on October 31, 2016;
AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.
And AllDrafts generates clean Word and PDF files from any draft.