Example ContractsClausesbase rent for the expansion premisesVariants
Base Rent for the Expansion Premises
Base Rent for the Expansion Premises contract clause examples

remaining balance of the Base Term of the Lease. For the avoidance of doubt, the Earthquake Cap for the period commencing on the Expansion Premises Commencement Date through June 30, 2016, shall not exceed $1.50 per rentable square foot of the Premises with respect to which Tenant is then obligated to pay Base Rent under the Lease.

Notwithstanding anything to the contrary contained in this Lease, Tenant’s Share of each earthquake deductible or occurrence of uninsured earthquake damage affecting to Premises shall not exceed $4.50 per rentable square foot of the Premises with respect to which Tenant is then obligated to pay Base Rent under this Lease (the “Initial Cap”). On each annual anniversary of the Commencement Date, the Initial Cap shall be reduced by $1.50 per rentable square foot of the Premises with respect to which Tenant is then obligated to pay Base Rent under this Lease. Following earthquake damage to the Project, Tenant shall pay Tenant’s Share of any such deductible or uninsured damage in equal monthly installments (not to exceed the Initial Cap) amortized over the remaining balance of the Base Term of the Lease.

Notwithstanding anything to the contrary contained in the original Lease or this First Amendment, commencing on the commencement date of each Extension Term, Tenant’s Share of each earthquake deductible or occurrence of uninsured earthquake damage affecting to Premises shall not exceed $1.50 per rentable square foot of the Premises with respect to which Tenant is then obligated to pay Base Rent under this Lease during such Extension Term (the “Extension Cap”). Following earthquake damage to the Project, Tenant shall pay Tenant’s Share of any such deductible or uninsured damage in equal monthly installments (not to exceed the Extension Cap) amortized over the remaining balance of the Extension Term.

Notwithstanding anything to the contrary contained in the original Lease or this First Amendment, commencing on July 1, 2016, Tenant’s Share of each earthquake deductible or occurrence of uninsured earthquake damage affecting to Premises shall be equal to $4.50 per rentable square foot of the Premises with respect to which Tenant is then obligated to pay Base Rent under the Lease (the “Earthquake Cap”). On each Original Premises Adjustment Date, the Earthquake Cap shall be reduced by $1.50 per rentable square foot of the Premises with respect to which Tenant is then obligated to pay Base Rent under the Lease. Following earthquake damage to the Project, Tenant shall pay Tenant’s Share of any such deductible or uninsured damage in equal monthly installments (not to exceed the Earthquake Cap) amortized over the

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