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"Minimum Annual Rent"shall mean the amounts set forth in the schedule below:
<br /> Lease Month Annual Base Rent Monthly Base Rent Rate Per Square Foot
<br /> 1**-12 $19,200.00 $1,600.00** $16.00
<br /> 13-24 $20,160.00 $1,680.00 $16.80
<br /> 25-36 $21,168.00 $1,764.00 $17.64
<br /> 37-48 $22,226.40 $1,852.20 $18.52
<br /> 49-60 $23,337.72 $1,944.81 $19.45
<br /> 61-66 $24,504.61 $2,042.05 $20.42
<br /> **The first three (3) months of monthly installments of Minimum Annual Rent and Additional
<br /> Rent shall be fully abated(the"Free Rent"). In the event of a default by Tenant under this Lease,the Free
<br /> Rent shall be revoked, and in addition to any other remedies set forth in the Lease, the Free Rent shall
<br /> become immediately due and payable to Landlord.
<br /> "Operating Expenses" means all costs and expenses incurred, paid or payable by Landlord in
<br /> connection with the management, operation, maintenance, repair and replacement of the Shopping Center
<br /> and its Common Areas, and include,without limitation and without duplication,the aggregate of:
<br /> (a) the total annual costs and expenses of insuring . the Shopping Center,
<br /> improvements and other Common Areas in such manner and form,with such companies and such
<br /> coverage and in such amounts as Landlord from time to time determines;
<br /> (b) cleaning, snow removal, garbage and waste collection and disposal, the costs of
<br /> security and supervision, the wages and salaries of on-site management, administration and other
<br /> personnel, and/or an equitable allocation of wages and salaries of off-site personnel where they
<br /> are employed to perform services for the Shopping Center together with other properties
<br /> including benefits, travel and other expenses related thereto, and any associated costs thereof,
<br /> parking lot maintenance and repair(including periodic sweeping and restriping), landscaping and
<br /> irrigation, and the cost of all Utilities consumed in the operation of the Shopping Center;
<br /> (c) the cost of managing and administering the Shopping Center, including any
<br /> management fees payable to Landlord's property manager;
<br /> (d) all ta�ces and assessments which may be levied or assessed by any lawful
<br /> authority against the land or buildings comprising the Shopping Center, or relating to Landlord's
<br /> personal property located in the Shopping Center, including, without limitation, assessments for
<br /> water, sewer, drainage or other public improvements and other governmental impositions of any
<br /> kind or nature, whether general or special, levied, assessed, charged or imposed by any lawful
<br /> taxing authority, whether federal, state, county, municipal, school or otherwise, against or upon
<br /> the land and improvements of the Shopping Center. Taxes shall also include, without limitation,
<br /> any tax or excise on rents, gross receipts ta�c, transaction privilege ta�c or other tax, however
<br /> described, which is levied or assessed by any federal, sta.te or local government against Landlord
<br /> in respect to the Rent or other charges reserved under this Lease or as a result of Landlord's
<br /> receipt of -
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<br /> Tenant
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