INACCESSIBLE PARCEL RENT

INACCESSIBLE PARCEL RENT. The product of $2.09 multiplied by the greater of (i) 80,000 or (ii) the total square feet of FAR Floor Area of Improvements constructed on the Inaccessible Parcel, subject to increase on the tenth anniversary of the Date of Lease Execution (June 1, 1992) and every five years thereafter by an amount equal to the CPI Escalation multiplied by the aforementioned product. From and after the Development 3 Plan Rent Commencement... Date, no Inaccessible Parcel Rent shall be payable. View More