Base Rent and Additional Rent, as defined in Paragraph 4.B below, with the exception of the initial Base Rent as provided in Paragraph 4.C below, shall be paid on or before the first (1st) day of each month. Base Rent and Additional Rent shall be payable without notice or demand and without any deduction, offset, or abatement, in lawful money of the United States of America. Base Rent and Additional Rent shall be paid directly to Sublessor at the applicable address set forth below Sublessor’s signature to this Sublease or such other address as may be designated in writing by Sublessor. Base Rent and Additional Rent for any period during the Term hereof which is for less than one (1) month of the Term shall be a pro rata portion of the monthly installment based on a thirty (30) day month. If an increase in Base Rent becomes effective on a date other than the first day of a calendar month, the Base Rent for that month shall be the sum of the two applicable rates, each prorated for the portion of the month during which the rate is in effect.
The total amount of the Additional Advance pursuant to [Section 3(h) of Exhibit C] shall be . The Additional Advance shall be repaid in the form of additional Rent, with interest at the rate of 10% per annum pursuant to the amortization schedule attached as [Exhibit A] the Additional TI Rent). The Additional TI Rent shall be payable beginning on the Commencement Date monthly in advance together with the payment of Base Rent and shall be included in the definition of Rent for all purposes under the Lease. Tenant retains the right to prepay the Additional Advance at any time, as provided in [Section 3(h) of Exhibit C] of Lease. The amount of such prepayment shall be the amount set forth in the amortization schedule attached as [Exhibit A].
providing for a rental rate, on a per rentable square foot basis (including fixed annual rent and additional rent) which (after taking into account all rent concessions provided for therein) is equal to or in excess of the Annual Fixed Rent and Additional Rent, on a per rentable square foot basis, payable hereunder for the term of the Sublease (hereinafter called the Lease Rent) or, in the alternative, provides for a rental rate that is less than the Lease Rent, but will automatically increase to the Lease Rent from and after the attornment of the sublessee to Landlord pursuant to the Landlords Non-Disturbance Agreement.
Additional Limitations Relating to Definition of Fair Market Value. For purposes of [Section 1(b) and 2(a)])] of this supplement, Fair Market Value shall be determined in a manner not inconsistent with [Section 260.140.50] of the California Regulations.
Each Transaction constitutes a Share Forward Transaction for the purposes of the Equity Definitions. Set forth below are the terms and conditions that, together with the terms and conditions set forth in the Supplemental Confirmation relating to any Transaction, shall govern such Transaction.
Section # With respect to the 5th Floor Space only, from and after 5th Floor Commencement Date and through and including the New Expiration Date, Tenant shall pay additional rent (including, but not limited to, the additional rent due under [Article 4] of the Existing Lease) in accordance with the terms and conditions of the Existing Lease, except that with respect to the 5th Floor Space, the following modifications to said [Article 4] shall be effective as of the 5th Floor Commencement Date:
The Rent Commencement Date for the Expansion Space is November 22. 2020. subject to extension as provided above in Paragraph 3. Beginning on the Rent Commencement Dale, Minimum Rent and all additional rent will be calculated using a Floor Area of 50,148 rentable square feet.
Additional Rent - Real Estate Taxes and Operating Expenses. Notwithstanding anything in this Lease to the contrary, beginning on the Phase 1 Rent Commencement Date. ’s pro rata share of Real Estate Taxes and Operating Expenses shall be adjusted upwards to include the Phase 1 Expansion Space, and beginning on the Phase 2 Rent Commencement Date, ’s pro rata share of Real Estate Taxes and Operating Expenses shall be adjusted upwards to include the Phase 2 Expansion Space. For the avoidance of doubt, # effective on the Phase 1 Rent Commencement Date, ’s pro rata share of Real Estate Taxes and Operating Expenses will be based on 68.962 rentable square feet and will equal 76.26%; and # effective on the Phase 2 Rent Commencement Date, ’s pro rata share of Real Estate Taxes and Operating Expenses will be based on 90,435 rentable square feet and will equal 100%.
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 , 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]5] of the Lease the sum of , in monthly installments of (59,041.67) per month.
SECTION # The following additional definitions are hereby added to the Agreement:
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.