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.
Third Floor Additional Premises: Third Floor Commencement Date. Effective as of the date hereof (the Third Floor Commencement Date), the premises located on the third (3rd) floor of the Building and outlined on attached Exhibit A-l and labeled Third Floor Additional Premises shall be added to the Lease. The parties hereby agree that, for all purposes of the Lease, the Third Floor Additional Premises shall be deemed to consist of 3,100 rentable square feet of space.
Third Floor Additional Premises As-Is. Subject to Landlords obligations under this Paragraph 1.b.i. and Landlords obligation to disburse the Landlords Allowance pursuant to Paragraph 3 below, Tenant shall accept the Third Floor Additional Premises in their as-is condition and Landlord shall have no obligation to make or pay for any improvements or perform any renovation the Third Floor Additional Premises to prepare the same for Tenants occupancy. Notwithstanding the foregoing, Landlord shall, at Landlords sole cost (without using any portion of the Landlords Allowance) perform the following work, which work shall be performed concurrently with Tenants performance of the Third Floor Alterations (as defined in Paragraph 1.b.ii. below) unless otherwise noted:
Modification of Monthly Rent. Effective as of the Additional Premises Commencement Date, Tenant shall pay the amounts set forth below as annual fixed rent for the Additional Premises pursuant to Article 1 of the Lease:
Landlord and Tenant presently desire to amend the Lease # to provide for the extension of the term of the Lease with respect to the Initial Premises, the 3rd Floor Premises and the 14th Floor Premises through May 31, 2016, # to provide Tenant with an allowance to improve the Premises, # to set forth the amount of annual fixed rent for the Initial Premises, the 3rd Floor Premises and the 14th Floor Premises, and # provide for certain other modifications to the Lease, all on the terms and conditions set forth herein.
Fourteenth Floor Alterations. If Tenant desires to perform alterations to the Fourteenth Floor Additional Premises (the Fourteenth Floor Alterations). the provisions of Paragraph 1.b.ii. above, regarding the construction of the Third Floor Alterations in the Third Floor Additional Premises, shall apply thereto with references therein to the Third Floor Additional Premises and the Third Floor Alterations being deemed, for purposes of this paragraph, to refer, respectively, to the Fourteenth Floor Additional Premises and the Fourteenth Floor Alterations.
Annual Fixed Rent During the Extension Term. Tenant shall continue to pay annual fixed rent for the Premises in the amounts set forth in the Lease through the expiration of the initial term on May 31, 2006. Effective June 1, 2006, Tenant shall pay annual fixed rent for the Premises pursuant to the terms of the Lease and as follows:
the Annual Fixed Rent payable pursuant to [Section 5.l(a)(ii)] above with respect to the Existing Premises (excluding the Entire 3rd Floor Space and Storage Space) only shall be abated for the period commencing on June 1, 2016 and ending on October 31, 2016;
Additional Rent. In addition to Base Rent, Tenant agrees to pay to Landlord as additional rent (Additional Rent): # commencing on the Commencement Date, Tenants 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. [[Organization B:Organization]] shall pay to [[Organization A:Organization]] as Additional Rent throughout the Term, the following:
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