Adjustment to Rent. If part (but less than a substantial portion of the Premises as contemplated in Section 9.1) of the Premises is taken by any public authority under the power of eminent domain, then, on the date possession is required by such public authority, this Lease shall terminate as to the portion taken, and the Fixed Rent due hereunder shall be adjusted as follows:
(a) If part of either the Existing Building or Proposed Building which is included in the Premises is taken, then Fixed Rent shall be reduced on a square foot basis in proportion to the amount taken of such building which is taken.
(b) If no part of the Existing Building or Proposed Building is taken, but part of the land which is included in the Premises is taken, then Fixed Rent shall not be reduced or adjusted, unless said taking materially affects the tenant's use of the premises, in which case the fixed rent shall be reduced on a square foot basis in proportion to the amount of land taken.
Adjustment to Rent. Commencing on May 1, 1999 ("Rent Adjustment Date") and continuing thereafter on each subsequent anniversary of the Rent Adjustment Date during the Initial Term and each Extended Term, the Minimum Rent shall be increased (but never decreased) in an amount equal to the annual Minimum Rent payable under this Lease for the immediately preceding twelve (12) month period increased by one hundred fifty percent (150%) of the cumulative increase in the Consumer Price Index, published as the "CPI-U" Index by the Bureau of Labor Statistics of the Department of Labor, U.S. Cities Average, All Items (1982-84'100) in the manner calculated on the date of this Lease ("C.P.I.") from the date two (2) months prior to the immediately preceding Rent Adjustment Date (or in the case of the initial Rent Adjustment Date, the C.P.I. from March 1998) to the date two (2) months prior to then current Rent Adjustment Date. Notwithstanding the foregoing, in no event shall any INCREASE TO Minimum Rent in any Lease Year exceed two percent (2.0%) of the Minimum Rent (as adjusted) payable for the immediately preceding twelve (12) month period (or in the case of the initial Rent Adjustment Date, the increase, if any, to Minimum Rent in the first Lease Year shall not exceed $15,404.40). In no event shall the Minimum Rent be reduced by reason of the adjustment to Minimum Rent set forth in this Paragraph 3.
Adjustment to Rent. (RENTAL TAX): Tenant shall pay an excise, transaction, sales, business or privilege tax (except income tax) attributed to or measured by rental which is now or subsequently imposed upon Landlord by any government or unit thereof.
Adjustment to Rent. The monthly rent provided for in Section 4.1 shall be subject to adjustment as of the first day of the second year of the lease term and every year thereafter via a fixed minimum 3% increase (rounded to closest $5). Table 4.2.1 below provides the Tenant’s rent obligation for the term, plus the amount due as of the first month of any holdover period after the expiration of the term. Landlord shall not be required to provide any further notice to Tenant regarding annual rent adjustments during the Lease term.
Table 4.2.1 Lease Year Period Rent Year 1 May 1, 2017 – April 30, 2018 $ XXXX.00 Year 2 May 1, 2018 – April 30, 2019 $ XXXX.00 Year 3 May 1, 2019 – April 30, 2020 $ XXXX.00 Holdover May 1, 2020 $ XXXX.00
Adjustment to Rent. The Landlord agrees that no increase in the rent ------------------------- pursuant to paragraph 2.01 hereof or in the Investment Factor pursuant to paragraph 2.02(c) hereof, which either (i) causes the amount of rent per square foot to be paid by the Tenant to exceed the then prevailing commercial market rent for the same or similar class of commercial office space in the downtown Columbus, Ohio area or (ii) was determined by the Landlord using a methodology for determining rent and/or the Investment Factor which is inconsistent with the methodology used by the Landlord in determining increases in rent for its other subsidiaries and affiliates, will be effective until approved by the Board of Directors of Nationwide Financial Services, Inc., including the approval by a majority of the directors who do not serve as an officer, director (other than as a director of Nationwide Financial Services, Inc.) or employee of any member of the Nationwide Insurance Enterprise.
Adjustment to Rent. Rent shall increase four percent (4%) on April 1, 2023 and each annual anniversary thereafter throughout the Term in accordance with the following Rent schedule: Base Rent PIF Total
Adjustment to Rent. The minimum monthly rent provided for in Section 4.1 shall be subject to adjustment as of start of the second year and every year thereafter, either via a fixed minimum 3% increase or via an amount derived from a reevaluation which may occur at Landlord’s option per Section
Adjustment to Rent. If under the assignment or sublease consented to by Landlord the rent, additional rent, other charges, and/or consideration, money or thing of value payable thereunder or payable in connection with the transaction exceed the Rent provided in this Lease, Tenant or, at Landlord's option, the sublessee or assignee shall pay said excess rent or other consideration to Landlord as Additional Rent hereunder as and when the same becomes due under said assignment or sublease.
Adjustment to Rent. As inducement to enter into this lease and as long as Tenant is not in default, Tenant’s obligation to pay Rent shall be abated for the period October 1, 2014 through February 1, 2015.
Adjustment to Rent. For the first two years of the Lease, the rent shall remain fixed as set forth in Section 2.1. At the commencement of the third year of the Lease, the payments shall be increased by two and one half percent (2.5%). In year four and each subsequent year, including any renewal term under Section 1.2, the payments shall be increased by an amount tied to the Consumer Price Index (CPI), based on the then-current un-adjusted, 12-months, all items indicator. By way of example, in year three, if no other increases are made to the rent payments per Sections 2.3 or 4.3.1, the rent would be increased from $7,750.00 to $7,943.75; in year four, assuming a CPI of 2.5%,the rent would be increased from $7,943.75 to COMMERCIAL LEASE - 3 $8,142.34; and in year five, assuming a 2.5% CPI, the rent would be increased from $8,142.34 to $8,345.90The CPI examples are for illustration only and are not indicative of the actual CPI amounts in future years.
