Common use of Adjustment of Base Rent Clause in Contracts

Adjustment of Base Rent. Beginning on July 1, 2005, and continuing through December, 2005, Base Rent shall be payable in advance in equal, consecutive monthly installments of One Hundred Ninety Thousand, Three Hundred Ninety-Three and 13/100 Dollars ($190,393.13), on or before the tenth (10th) day of each calendar month. Commencing on January 1, 2006, and on each January 1 thereafter during the term of this Lease, the Base Rent shall be increased by two and one half percent (2.5%) per annum of the previous year's Base Rent. If the previous year's Base Rent is for a partial year, Base Rent shall be adjusted as if it were a full year. Notwithstanding anything contained herein to the contrary, with respect to the adjustment of Base Rent for calendar year 2006, the increased Base Rent for calendar year 2006 will be calculated as if the annual rental rate of Two Million, Two Hundred Eighty-Four Thousand, Seven Hundred Seventeen and 51/00 Dollars ($2,284,717.51) applied to the entire calendar year 2005. Notwithstanding anything contained herein to the contrary, the parties hereto acknowledge and agree that all calculations of Base Rent, including six (6) months of the Base Rent for calendar year 2005, have been made by multiplying the Initial Purchase Price by 10.25% per annum. In the event the Initial Purchase Price is adjusted and increased by the Purchase Price Adjustment, then all calculations of Base Rent shall be adjusted accordingly (including Base Rent for the calendar year 2005, if applicable) before adding and calculating the 2.5% annual increases as set forth above.

Adjustment of Base Rent. Beginning on July 1, 2005, and continuing through December, 2005, Base Rent shall be payable in advance in equal, consecutive monthly installments of One Three Hundred Ninety Eight-Nine Thousand, Three Four Hundred Ninety-Three Forty and 13/100 49/100 Dollars ($190,393.13), 389,440.49) on or before the tenth (10th) day of each calendar month. Commencing on January 1, 2006, and on each January 1 thereafter during the term of this Lease, the Base Rent shall be increased by two and one half percent (2.5%) per annum of the previous year's Base Rent. If the previous year's Base Rent is for a partial year, Base Rent shall be adjusted as if it were a full year. Notwithstanding anything contained herein to the contrary, with respect to the adjustment of Base Rent for calendar year 2006, the increased Base Rent for calendar year 2006 will be calculated as if the annual rental rate of Two Four Million, Six Hundred Seventy-Three Thousand, Two Hundred Eighty-Four Thousand, Seven Hundred Seventeen Five and 51/00 82/100 Dollars ($2,284,717.514,673,285.82) applied to the entire calendar year 2005. Notwithstanding anything contained herein to the contrary, the parties hereto acknowledge and agree that all calculations of Base Rent, including six (6) months of the Base Rent for during calendar year 2005, have been made by multiplying the Initial Purchase Price by 10.25% per annum. In the event the Initial Purchase Price is adjusted and increased by the Purchase Price Adjustment, then all calculations of Base Rent shall be adjusted accordingly (including the Base Rent for the calendar year 2005, if applicable) before adding and calculating the 2.5% annual increases as set forth above.

Adjustment of Base Rent. Beginning on July 1, 2005, 2005 and continuing through December, 2005, Base Rent shall be payable in advance in equal, consecutive monthly installments of One Hundred Ninety Seventy-Seven Thousand, Three Eight Hundred NinetyEighty-Three Eight and 13/100 10/100 Dollars ($190,393.13), 77,888.10) on or before the tenth (10th) day of each calendar month. Commencing on January 1, 2006, and on each January 1 thereafter during the term of this Lease, the Base Rent shall be increased by two and one half percent (2.5%) per annum of the previous year's Base Rent. If the previous year's Base Rent is for a partial year, Base Rent shall be adjusted as if it were a full year. Notwithstanding anything contained herein to the contrary, with respect to the adjustment of Base Rent for calendar year 2006, the increased Base Rent for calendar year 2006 will be calculated as if the annual rental rate of Two Million, Two Nine Hundred EightyThirty-Four Thousand, Six Hundred Fifty-Seven Hundred Seventeen and 51/00 16/00 Dollars ($2,284,717.51934,657.16) applied to the entire calendar year 2005. Notwithstanding anything contained herein to the contrary, the parties hereto acknowledge and agree that all calculations of Base Rent, including six (6) months of the Base Rent for calendar year 2005, have been made by multiplying the Initial Purchase Price by 10.25% per annum. In the event the Initial Purchase Price is adjusted and increased by the Purchase Price Adjustment, then all calculations of Base Rent shall be adjusted accordingly (including the Base Rent for the calendar year 2005, if applicable) before adding and calculating the 2.5% annual increases as set forth above.

Adjustment of Base Rent. Base Rent for the month of August, 2005, shall be payable in advance in the amount of Two Hundred Six Thousand Two Hundred Eight and 28/100 Dollars ($206,208.28) (being calculated by applying 10.25% for part of the month and applying 12.23% for the other part of the month). Beginning on July September 1, 2005, and continuing through December, 2005, Base Rent shall be payable in advance in equal, consecutive monthly installments of One Two Hundred Ninety Twenty-Five Thousand, Three Hundred Ninety-Three Ten and 13/100 06/100 Dollars ($190,393.13225,010.06), on or before the tenth (10th) day of each calendar month. Commencing on January 1, 2006, and on each January 1 thereafter during the term of this Lease, the Base Rent shall be increased by two and one half percent (2.5%) per annum of the previous year's Base Rent. If the previous year's Base Rent is for a partial year, Base Rent shall be adjusted as if it were a full year. Notwithstanding anything contained herein to the contrary, with respect to the adjustment of Base Rent for calendar year 2006, the increased Base Rent for calendar year 2006 will be calculated as if the annual rental rate of Two Million, Two Seven Hundred Eighty-Four Thousand, Seven One Hundred Seventeen Twenty and 51/00 69/00 Dollars ($2,284,717.512,700,120.69) applied to the entire calendar year 2005. Notwithstanding anything contained herein to the contrary, the parties hereto acknowledge and agree that all calculations of Base Rent, including six approximately seven and one-half (671/2) months of the Base Rent for the 2005 calendar year 2005year, have been made by multiplying the Initial Purchase Price by 10.25% per annum. In the event the Initial Purchase Price is adjusted and increased by the Purchase Price Adjustment, then all calculations of Base Rent shall be adjusted accordingly (including the Base Rent for the 2005 calendar year 2005year, if applicable) before adding and calculating the two and one-half percent (2.5% %) annual increases as set forth above.

Adjustment of Base Rent. Beginning on July 1, 2005, and continuing through December, 2005, Base Rent shall be payable in advance in equal, consecutive monthly installments of One Hundred Ninety Thousand, Three Hundred NinetyThirty-Eight Thousand Two Hundred Forty-Three and 13/100 09/100 Dollars ($190,393.13338,243.09), on or before the tenth (10th) day of each calendar month. Commencing on January 1, 2006, and on each January 1 thereafter during the term of this Lease, the Base Rent shall be increased by two and one half percent (2.5%) per annum of the previous year's Base Rent. If the previous year's Base Rent is for a partial year, Base Rent shall be adjusted as if it were a full year. Notwithstanding anything contained herein to the contrary, with respect to the adjustment of Base Rent for calendar year 2006, the increased Base Rent for calendar year 2006 will be calculated as if the annual rental rate of Two Million, Two Hundred EightyFour Million Fifty-Four Thousand, Seven Eight Thousand Nine Hundred Seventeen and 51/00 04/100 Dollars ($2,284,717.514,058,917.04) applied to the entire calendar year 2005. Notwithstanding anything contained herein to the contrary, the parties hereto acknowledge and agree that all calculations of Base Rent, including six (6) months of the Base Rent for the calendar year 2005, have been made by multiplying the Initial Purchase Price by 10.25% per annum. In the event the Initial Purchase Price is adjusted and increased by the Purchase Price Adjustment, then all calculations of Base Rent shall be adjusted accordingly (including the Base Rent for the calendar year 2005, if applicable) before adding and calculating the 2.5% annual increases as set forth above.

Adjustment of Base Rent. Base Rent for the month of August, 2005, shall be payable in advance in the amount of Seventy-Nine Thousand Three Hundred Ten and 88/100 Dollars ($79,310.88) (being calculated by applying 10.25% for part of the month and applying 12.23% for the other part of the month). Beginning on July September 1, 2005, and continuing through December, 2005, Base Rent shall be payable in advance in equal, consecutive monthly installments of One Hundred Ninety Eighty Six Thousand, Three Five Hundred NinetyForty-Three Two and 13/100 33/100 Dollars ($190,393.13), 86,542.33) on or before the tenth (10th) day of each calendar month. Commencing on January 1, 2006, and on each January 1 thereafter during the term of this Lease, the Base Rent shall be increased by two and one half percent (2.5%) per annum of the previous year's Base Rent. If the previous year's Base Rent is for a partial year, Base Rent shall be adjusted as if it were a full year. Notwithstanding anything contained herein to the contrary, with respect to the adjustment of Base Rent for calendar year 2006, the increased Base Rent for calendar year 2006 will be calculated as if the annual rental rate of Two One Million, Two Hundred EightyThirty-Four Eight Thousand, Five Hundred Seven Hundred Seventeen and 51/00 96/00 Dollars ($2,284,717.511,038,507.96) applied to the entire calendar year 2005. Notwithstanding anything contained herein to the contrary, the parties hereto acknowledge and agree that all calculations of Base Rent, including six approximately seven and one-half (67 1/2) months of the Base Rent for the calendar year 2005, have been made by multiplying the Initial Purchase Price by 10.25% per annum. In the event the Initial Purchase Price is adjusted and increased by the Purchase Price Adjustment, then all calculations of Base Rent shall be adjusted accordingly (including the Base Rent for the calendar year 2005, if applicable) before adding and calculating the 2.5% annual increases as set forth above.