Base Term: Commencing # with respect to the Original Premises on the Commencement Date, and # with respect to the Expansion Premises on the Expansion Premises Commencement Date, and ending with respect to the entire Premises on June 30, 2019.
Base Rent Prior to the Substitute Premises Commencement Date, Tenant shall continue to pay Base Rent with respect to the Original Premises in accordance with the terms of the Lease. Commencing as of the Substitute Premises Commencement Date, and continuing throughout the Substitute Premises Term, Tenant shall pay to Landlord monthly installments of Base Rent for the Substitute Premises as follows:
Current Premises Minimum Rent. For the avoidance of doubt, nothing in this Third Addendum shall be construed to amend or modify [[Organization B:Organization]]'s Minimum Rent obligations set forth in Article 3 of the Lease for the current Premises comprising approximately 50.148 rentable square feet as set forth in the table below:
From and after July 1, 2013 (the Expansion Fixturing Period Commencement Date) and provided the Tenant has delivered to the Landlord evidence of the Tenants insurance in accordance with the Lease, the Tenant may go into possession of the Expansion Premises for purposes of carrying out Tenants work and for the purpose of operating its business. The period from July 1st, 2013 to December 31, 2013 shall hereinafter be described as the Expansion Fixturing Period. During the Expansion Fixturing Period provided for herein, all terms and conditions of the Lease shall apply, except the Tenant shall not be responsible for the payment of any Base Rent for the Expansion Premises however the Tenant shall be responsible for payment of Operating Costs and Taxes and for utilities consumed in the Expansion Premises and all other costs and expenses arising as a result of the Tenants being in possession of Expansion Premises, Including without limitation any costs or expenses arising as a result of the Tenants default under the Lease.
Expansion Space Term. On the Expansion Date, the Expansion Space shall be added as part of the Premises for all purposes, except as set forth herein, including the payment of Additional Rent. The Term of the Lease with respect to the Expansion Space shall commence on the Expansion Date and shall be coterminous with the Term of the Lease for the Original Premises and shall therefore expire on March 31, 2020, unless sooner terminated or extended pursuant to the terms of the Lease.
all Basic Monthly Rent abated during the Term in any “base-free rent” period in connection with the Additional Space (that is, $17.00 per rentable square foot of the Premises on an annual basis for the first four (4) months on and after the Expansion Date), with all such amortization commencing on the first day of the first full calendar month during the Term in which full Basic Monthly Rent for the Additional Space is payable under this Amendment (that is, $25.00 per rentable square foot of the Premises on an annual basis), and expiring on July 31, 2025 (which, for example purposes only, will be a seven (7)-year, eight (8)-month amortization schedule if the Expansion Date occurs on August 1, 2017), with interest thereon at the rate of eight percent (8%) per annum.
From the 5,003 Expansion Premises Commencement Date through October 31, 2022, the Rent shall be $12,307.38 for the first month and $4,102.46 for each succeeding month through October 31, 2022.
Rent for the first month due with respect to the 5,003 Expansion Premises in the amount of $12,307.38 shall be due simultaneously with the execution and delivery of this Agreement.
Upon Tenants exercise of the 14th Floor Expansion Option, Landlord and Tenant shall enter into an amendment to this Lease adding the 14th Floor Expansion Space to the Premises on all the terms and conditions set forth in this Lease as to the Premises then demised under the Lease, except that # the term of the Lease as to the 14th Floor Expansion Space shall commence on January 1, 2010, or, if later, the date the 14th Floor Expansion Space is actually delivered to Tenant, # the annual fixed rent payable by Tenant for the 14th Floor Expansion Space shall be the fair market rent for the 14th Floor Expansion Space, as set forth in Landlords Option Notification or as determined by the appraisal procedure (as applicable), # Tenants Proportionate Share for Taxes as to the 14th Floor Expansion Space and Tenants Proportionate Share for Operating Expenses as to the 14th Floor Expansion Space shall be established based on the then rentable square footage of the 14th Floor Expansion Space; # the Tax Base under [Section 4.01(b)] of the Lease as to the 14th Floor Expansion Space shall be the fiscal tax year in which the 14th Floor Expansion Space is added to the Lease, # the Operating Expense Base under [Section 4.05(c)] of the Lease as to the 14th Floor Expansion Space shall be the calendar year in which the 14th Floor Expansion Space is added to this Lease, # Tenant shall take the 14th Floor Expansion Space in its then as-is condition (unless the current fair market terms for the 14th Floor Expansion Space include a tenant improvement allowance, in which event Tenant shall receive a tenant improvement allowance for improvements to the 14th Floor Expansion Space and the annual fixed rent set forth in Landlords Option Notification shall take into account such tenant improvement allowance) and # the renewal option provided for in Article 22 of the Lease shall be inapplicable to the 14th Floor Expansion Space and the provisions of Paragraph l.d. below shall instead apply with regard to the renewal of the Lease as to the 14th Floor Expansion Space.
Additional Monthly Base Rent. As a result of Tenant's use of the Utilized Additional TI Allowance, Tenant is required to pay Additional Monthly Base Rent calculated as provided in Section 4 of the Tenant Work Letter, which Additional Monthly Base Rent shall be equal to $ per month, payable on or before the first (1st) day of each month commencing as of , and continuing through the expiration of the initial Lease Term.
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