DEVELOPMENT PARCEL RENT. The sum of (a) (i) from and after June 1, 1997, $272,724.10 per annum (100% of the product of $2.09 [$1.80 increased by 16.1%, the CPI Escalation for the initial five Lease Years] multiplied by 130,490 or the total square feet of FAR Floor Area of initial Improvements constructed on the Development Parcel) through the last day of the month in which the Development Plan Rent Commencement Date (as hereinafter defined) occurs, (ii) from and after the first day of the
... month following the Development Plan Rent Commencement Date, $245,451.69 per annum (90% of the product of $2.09 multiplied by 130,490) through the last day of the month in which the fifth anniversary of the Development Plan Rent Commencement Date occurs, and (iii) $272,724.10 per annum (100% of the product of $2.09 multiplied by 130,490) for any period thereafter, PLUS (b) from and after the Development Plan Rent Commencement Date: (i) if either Landlord or Tenant terminate this Lease with respect to the Holding Parcel (exclusive of the Inaccessible Parcel) in accordance with Sections 4.2.1.1(e) and 4.2.1.1(f) of this Lease, respectively, the product of $2.09 multiplied by the greater of (A) 80,000 or (B) the total square feet of FAR Floor Area constructed on that portion of the Premises formerly referred to as the Inaccessible Parcel; or (ii) if neither Landlord nor Tenant terminate this Lease with respect to the Holding Parcel (exclusive of the Inaccessible Parcel) as provided herein, $1,038,147.84 per annum (90% of the product of 620,160, being the maximum FAR Floor Area of additional Improvements which could potentially be constructed on the Premises ("MAXIMUM FAR FLOOR AREA OF ADDITIONAL IMPROVEMENTS"), multiplied by $1.86 through the last day of the month in which the fifth anniversary of the Development Plan Rent Commencement Date occurs, and $1,153,497.60 per annum (100% of the product of the Maximum FAR Floor Area of Additional Improvements, multiplied by $1.86) for any period thereafter; subject to increase on the tenth anniversary of the Date of Lease Execution (June 1, 1992) and every fifth anniversary thereafter by the a mount equal to the CPI Escalation multiplied by the sum of the amounts set forth in clause (a) and clause (b). Development Parcel Rent shall be due and payable from the Date of Lease Execution (June 1, 1992) until the commencement of Adjusted Rent. (For an example, see Section 4.1.6.)
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