Examples of Annual Rent in a sentence
If such non-material revisions to the Premises occur, the Annual Rent will be adjusted accordingly.
If Xxxxxx’s proposed Rent for such five (5) year period does not at least equal the Rent payable pursuant to the initial five (5) years of the Lease, then following the expiration of the second thirty (30) day period, and if the parties fail to reach agreement of the Annual Rent for the next five (5) year period, then either party may elect to terminate the Lease; and upon the sending of such notice the Lease shall terminate effective at the next anniversary of the commencement of the Term.
AGREED AND ACCEPTED LICENSOR'S INITIALS DATE LICENSEE'S INITIALS DATE Consumer Price Index (CPI) adjustments applied to the $$$ Minimum Annual Rent shall be based on changes in the United States Department of Labor, Bureau of Labor Statistics Consumer Price Index for All Urban Consumers, San Francisco, All Items, (1982-84=100).
If (i) Landlord and Tenant fail to reach agreement about such Rent during such additional thirty (30) day period, and so long as (ii) Tenant’s proposed Rent for such five (5) year period is at least equal to the Annual Rent required to be paid during the initial five years of the Term, then such matter may be submitted by either party to arbitration pursuant to the procedure set forth in Exhibit “D” attached hereto.
Landlord shall have thirty (30) days to approve or disapprove such proposal by Xxxxxx and if Landlord shall fail to approve such proposal for Annual Rent for such five (5) year period in writing within such thirty (30) day period, then Landlord and Tenant shall have an additional thirty (30) days to reach mutual agreement about the amount of such Rent during such five (5) year period.