RENT ADJUSTMENT definition

RENT ADJUSTMENT. Any amounts owed by Tenant for payment of Operating Expenses. The Rent Adjustments shall be determined and paid as provided in Article Four.

RENT ADJUSTMENT means a periodic increase of any rent amount.

RENT ADJUSTMENT means an adjustment of Rent made under sub-clause 9.3.

Examples of RENT ADJUSTMENT in a sentence

• The Regulatory Agreement would impose certain operating and maintenance obligations on SCH, including the requirement that the mobile home spaces at the Park be leased, in perpetuity, to lower income households, and that the lease rates be in accordance with the County’s Mobile Home Rent Adjustment Ordinance.

• On or prior to April 30 of each year, City will deliver to OVG a statement setting forth, for the prior calendar year and for each of the items on Exhibit L, the Rent Adjustment Threshold and excess, as applicable, for each item, and a reasonably detailed calculation of each such item.

• On each Rent Adjustment Date, the amount of the then current Annual Base Rent shall be adjusted in the manner hereinafter set forth.

• On each Rent Adjustment Date, the Annual Base Rent shall increase (but not decrease) to reflect the change in the CPI Index between the Rent Commencement Date and the first Rent Adjustment Date (with respect to the first such Rent Adjustment Date) or between the immediately preceding Rent Adjustment Date and the current Rent Adjustment Date with respect to each subsequent Rent Adjustment Date.

• On each Rent Adjustment Date, the Annual Space Rent will be adjusted as follows: if the Comparison Index shall exceed the Base Index, then the Annual Rent with respect to the upcoming Lease Year shall be increased to equal the following amount: Initial Annual Rent x Comparison Index Base Index Notwithstanding anything to the contrary herein, in no event will the Annual Space Rent for any Lease Year of the Term be lower than the Annual Space Rent with respect to the prior Lease Year.

More Definitions of RENT ADJUSTMENT

RENT ADJUSTMENT with respect to any property leased by the Borrower or any of its Domestic Subsidiaries where any Inventory is located which may become subject to Liens in favor of the landlord thereof arising by operation of law, an amount equal to six months' rent at such premises.

RENT ADJUSTMENT shall have the meaning set forth on the Lease Supplement.

RENT ADJUSTMENT as specified in and otherwise as provided in Schedule 2 to the Side Letter, and all other charges shall be adjusted downward in accordance with, and Tenant shall pay only, Tenant’s Proportionate Share of all Property Charges, in accordance with the Recapture Notice (subject to and provided that, pending resolution of any Tenant’s disagreement (if any) with respect thereto as provided in Sections 1.7(j)(vi) and 1.7(j)(vii).

RENT ADJUSTMENT means an adjustment of Basic Rent in accordance with the provisions of SCHEDULE 2.

RENT ADJUSTMENT. On the fifth, tenth, and fifteenth anniversary dates of the Commencement Date, the Basic Rent shall increase either by (i) an amount equal to three percent (3%) of the Basic Rent or (ii) an amount that will result in the Basic Rent being equal the fair market rental value of the Premises, whichever amount is greater. Fair market rental value shall be established by the procedure set forth in Exhibit "F".

RENT ADJUSTMENT means any amount owed by Tenant for Operating Expenses or Taxes, or other rental increases, attributable to costs of the Building.

RENT ADJUSTMENT means an amount equal to 1.5% of the Base Annual Rent in effect immediately prior to the applicable Adjustment Date.