Adjusted Rent. The then-current Rent shall be reviewed and adjusted annually on each Review Date during the Lease Term as follows. On each Review Date, the Base Rent shall be increased by the greater of (i) three percent or (ii) the percentage of change that the Price Index published for the month that is two months prior to the then current Review Date has increased when compared to the Base Index; the “Base Index” for the adjustment shall be the Price Index for the month that is two months preceding the Effective Date. The formula for (ii) shall be: Should the base period for the Price Index be changed, the Base Index shall be adjusted to the new base period and the adjustment formula will remain the same. In no event shall the Rent for any one-year period be less than the rental for the preceding one-year period.
Adjusted Rent. The Landlord reserves the right, at the end of the Initial Term and any Renewal Terms, to adjust the annual rent based on prevailing market conditions, by increasing the annual rent subject to all City Sites on a non-discriminatory basis between Tenant and all other tenants of city sites. If the Parties cannot agree to the proposed increase in rent, an independent real estate appraiser will be engaged at the expense of Tenant to determine the
Adjusted Rent. The Landlord reserves the right, at the end of the Initial Term and any Renewal Terms, to adjust the annual rent based on prevailing market conditions, by
Adjusted Rent. During the Second Amendment Term, Tenant shall pay to Landlord the monthly sum of Sixty-Nine Thousand Four Hundred Sixty-Three ($69,463) Dollars of Base Rent in accordance with the provisions of the Original Lease. Notwithstanding anything in this Paragraph 6 of the Second Amendment to the contrary and so long as Tenant is not in default under this Lease, as a concession to Tenant, Landlord hereby grants to Tenant a credit in the amount of Sixty-Nine Thousand, Four Hundred Sixty-Three ($69,463) Dollars (the “Rent Credit”) to be applied against the installment of Base Rent due for the first (1st) month of the Second Amendment Term (as defined herein). Upon any termination by Landlord of the Lease or Tenant’s right to possess the Premises due to an “Event of Default” (as defined in Section 14 of the Original Lease), Tenant shall be obligated to immediately pay to Landlord the unamortized portion of the Rent Credit.
Adjusted Rent. The then-current Rent shall be reviewed and adjusted annually on each anniversary of the Commencement Date (the “Review Date”) during the Term of this Lease based on the change in the Consumer Price Index for All Urban Consumers (CPI-U) for the United States City Average for All Items, 1982-84=100 as published by the U.S. Department of Labor’s Bureau of Labor Statistics or the most closely equivalent successor thereto in the event the Index is terminated or changed (the “Index”). The “Base Index” for the adjustment shall be the Index for the month that is two months preceding the Commencement Date. On each Review Date, the Base Rent shall be increased by the greater of (i) three percent or (ii) the percentage of change that the Index published for the month that is two months prior to the then current Review Date has increased when compared to the Base Index. The formula for (ii) shall be: Adjusted Rent = $Base Rent x Index two months prior to Review Date Base Index Should the base period for the Index be changed, the Base Index shall be adjusted to the new base period and the adjustment formula will remain the same. In no event shall the Rent for any one-year period be less than the rental for the preceding one-year period.
Adjusted Rent. At the beginning of each Renewal Term throughout the duration of the Lease as renewed and extended, the Rent shall be increased by ten percent (10%) over the previous term’s Rent.
Adjusted Rent. For purposes of the rent payable in connection with Tenant’s possession of office space prior to Substantial Completion of the entire Premises pursuant to Section 2.01(c), Adjusted Rent shall be $***/s.
Adjusted Rent. The Base Rent shall be increased annually; in advance, effective on the first day of each lease year; beginning with the second lease year by the following: 2nd year starting June 15, 1999 - $3,000.00 per month plus sales tax 3rd year starting June 15, 2000 - $3,300.00 per month plus sales tax
Adjusted Rent. “Adjusted Rent” is the base rent payable for the lease, renewal or additional space as applicable, plus Tenant’s pro rala share of estimated recoverable stabilized building operating expenses (calculated based on the estimated expenses for the lst lease year following commencement of the term). For purposes of the initial lease, the operating expenses are estimated to be $10.30 per RSF. Additional rent specifically does not include (i) any rents which are not actually intended to be paid by the tenant, such as free rent or abated rent, ii) percentage rents, iii) amortized tenant improvements in excess of the Tenant Improvement Allowance given by the Landlord, or iv) other amortized concessions given to the tenant.
Adjusted Rent. The Base Rent for the Leased Premises shall be decreased as of the Effective Date by $28,000.00 per year, calculated as 2,800 square feet at $10.00 per rentable square feet, representing the Base Rent on the Reduced Leased Premises.
