Adjustment Rent. Annual rent is increased with EUR 193.70/square meters/year per 16 June 2016. The monthly rent due per 16 June 2016 is: - Lease office space: EUR 5,342.71 - Service costs: EUR 1,247.43
Adjustment Rent. Effective upon commencement of the Term with respect to the Additional Expansion Premises, Tenant shall pay Adjustment Rent with respect to the Additional Expansion Premises in accordance with the terms and conditions contained in Paragraph 2 of the Lease, except that the Base Expense Year and Base Tax Year with respect to the Additional Expansion Premises herein shall be the calendar year 1997.
Adjustment Rent. (a) In addition to the Minimum Rent reserved in Section 2.1 above, commencing with calendar year 1998 and for each subsequent calendar year or portion thereof thereafter during the Term, Tenant shall pay to the Landlord as additional rent (the "Adjustment Rent") an amount equal to the Tenant's pro-rata share (as hereinafter defined in subsection 2.2 (b)(iii)) of any increase in the operating expenses (as hereinafter defined in subsection 2.2 (b)(iv)) as reflected by the difference between the amount of such operating expenses for the Current Lease Year (subject to adjustment as provided in subsection 2.2 (a)(i)) and the Base Amount (as hereinafter defined in subsection 2.2 (b)(i)). If the Expiration Date of this Lease shall occur on a date other that the last day of a calendar year, then the Tenant's share of Adjustment Rent for the calendar year in which the Expiration Date falls shall be determined by multiplying the Adjustment Rent for said calendar year by a fraction, the numerator of which is the number of days from and including the first day of such calendar year to and including the Expiration Date, and the denominator of which is 365.
Adjustment Rent. Effective upon commencement of the Term for the Additional Space, Tenant shall pay Adjustment Rent with respect to the Additional Space in accordance with the terms and conditions contained in Paragraph 2 of the Lease.
Adjustment Rent. Effective with commencement of the Term for Suites 350 and 101, Tenant shall pay Adjustment Rent in accordance with the terms and conditions contained in Paragraph 2 of the Lease.
Adjustment Rent. Effective upon the Expansion Premises Commencement Date, Tenant shall pay Adjustment Rent with respect to the Expansion Premises in accordance with the provisions of Paragraph 2 of the Lease. The Base Expense Year and Base Tax Year for the Expansion Premises Term shall be the calendar year in which the Expansion Premises Commencement Date occurs.
Adjustment Rent a. Tenant shall pay rent for the Premises during the Term at the rate of One Hundred Eighty Two Thousand One Hundred Twenty Five and 92/100 Dollars ($182,125.92) per annum (herein called the "Minimum Rent") in lawful money of the United States, in equal monthly installments of Fifteen Thousand One Hundred Seventy Seven and 16/100 Dollars ($15,177.16), in advance, on or before the first (lst) day of each and every month during the Term at the office of Landlord herein designated (or such other place as Landlord may designate in a notice to Tenant), without prior demand therefor and without any setoff or deduction whatsoever. In the event that Tenant fails to pay any installment of Minimum Rent or additional rental on the first (1st) day of the month in which such installment is due, or any other sum hereunder within ten (10) days after accrual thereof or billing therefor, shall be added to such unpaid amount a late charge of ten percent (10%) of the installment or amount due in order to compensate Landlord for the extra administrative expenses thereby incurred. After fifteen (15) days have elapsed from the date of accrual or billing there shall be added to such unpaid amount a second late charge of an additional ten (10%) of the installment or amount due. After twenty (20) days have elapsed from the date of accrual or billing, the total amount due shall bear interest at the maximum rate allowable by law. The Minimum Rent for the first calendar month of the term shall be due and payable at the time of execution and delivery of this Lease. If the Commencement Date shall occur on a date other than the first day of any calendar month, Tenant shall pay to Landlord on the first day of the month next succeeding the month in which the Commencement Date shall occur an amount equal to the regular monthly installment of Minimum Rent divided by thirty (30) multiplied by the number of days int he period from and including the Commencement Date to and including the last day of the month in which the Commencement Date shall occur.
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Adjustment Rent. Tenant shall pay to Landlord (in addition to the Annual Base Rent, as described in Article IV above) an amount equal to Tenant's Proportionate Share of (a) the increase in Direct Expenses for any calendar year over the Direct Expenses for the Base Year, and (b) the increase in Taxes for any calendar year over the Taxes for the Base Year (collectively the "Adjustment Rent"). Prior to each calendar year, Landlord shall estimate the amount of Adjustment Rent due for such year, and Tenant shall pay Landlord one-twelfth (1/12th) of such estimate on the first day of each month during such year with Tenant's payment of the Monthly Base Rent. Such estimate may be revised by Landlord not more than once per calendar year. After the end of each calendar year, Landlord shall deliver to Tenant a report setting forth the actual Direct Expenses and Taxes for such calendar year and a statement in the amount of Adjustment Rent that Tenant has paid and is payable for such year. Within thirty (30) days after receipt of such report, Tenant shall pay to Landlord the amount of Adjustment Rent due for such calendar year minus any payments of estimated Adjustment Rent made by Tenant for such year. If Tenant's estimated payments of Adjustment Rent exceed the amount due Landlord for such calendar year, Landlord shall, provided Tenant is not then in default hereunder beyond any applicable grace and notice periods, apply such excess as a credit against Tenant's other payment obligations under this Lease or promptly refund such excess to Tenant if the Term has already expired, in either case without interest to Tenant. In the event Landlord shall fail to give Tenant an estimate of Adjustment Rent prior to the beginning of any calendar year, Tenant shall continue to pay Adjustment Rent at the rate for the previous calendar year until Landlord delivers such estimate. Notwithstanding the foregoing, Landlord's obligation to credit Tenant's account pursuant to this Section 6.01 shall be conditional upon Tenant having first paid all of its monthly installments toward Tenant's Share of the estimated Direct Expenses and Taxes pursuant to this Section.
Adjustment Rent. The provisions of Section 4 (entitled "Real Estate Tax and Operating Expense Passthroughs") in the First Amendment concerning Adjustment Rent and Estimated Adjustment Rent shall continue in force during the balance of the Present Term and during the Extended Term and any holdover term.
