Adjustments in Base Rent. The Monthly Base Rent under Paragraph 4(a) [Monthly Base Rent] shall be adjusted as provided in the Basic Lease Information.
Adjustments in Base Rent. On the Anniversary Date each year (each, an "Adjustment Date"), the Base Rent payable by Lessee shall be adjusted in the following manner. The Adjustment Index shall be compared with the Base Index. If the Adjustment Index has increased over the Base Index, then the Base Rent payable on and after such Adjustment Date shall be set by multiplying Base Rent by a fraction, the numerator of which is the Adjustment Index and the denominator of which is the Base Index. In no event shall the Base Rent on or after the Adjustment Date be less than the Base Rent in effect immediately prior to the Adjustment Date.
Adjustments in Base Rent. On each date specified in the Basic Lease Information for adjustment of the Base Rent (an “Adjustment Date”), the Base Rent for the following twelve-month period shall be adjusted to equal one hundred and three percent (103%) of the Base Rent for the lease year preceding such Adjustment Date.
Adjustments in Base Rent. The monthly Base Rent provided for in Paragraph 3(a) shall be adjusted on each anniversary of the Commencement Date as provided in the Basic Lease Information.
Adjustments in Base Rent. On each anniversary of the Commencement Date, the Base Rent payable under this Lease will increase by four percent (4%).
Adjustments in Base Rent a. Beginning with the first (1st) day of the thirteenth (13th) full calendar month following the Commencement Date and annually thereafter during the entire Term (the “Adjustment Dates”), a cost of living adjustment shall be made to Base Rent of 3%.
Adjustments in Base Rent. Commencing with the first anniversary (i.e., March 1, 2006) and again on each subsequent anniversary, Tenant's Base Monthly Rent shall be increased, based upon the increase, if any, in the Consumer Price Index ("CPI") for the Greater Los Angeles, Anaheim, Riverside (California) areas, in an amount not less than two percent (2%) per annum nor greater than six percent (6%) per annum, times the then current Base Rent amount.
Adjustments in Base Rent. Lessee understands and agrees that the Base Rent under this Lease shall be determined by calculating the sum of the following: (i) Lessor's costs and expenses in relation to the ownership and operation of the Premises as set forth in this Lease, (ii) the actual payments (principal and interest) Lessor is obligated to pay on the promissory note and deed of trust assumed by Lessor upon its acquisition of the Premises ("LESSOR'S SECURED OBLIGATION"), and (iii) a Nine Percent (9%) return on Lessor's total actual cash invested in acquiring and improving the premises ("LESSOR'S CASH INVESTMENT"). The interest rate on Lessor's Secured Obligation is variable. On the Commencement Date it was 7.619% per annum. Lessor's Cash Investment is estimated at Six Hundred Thousand Dollars ($600,000). The Base Rent component comprising the return on Lessor's Cash Investment shall be calculated at the monthly rate of 72/100 of One Percent (.72%) per month, which is equivalent to Nine Percent (9%) per year compounded monthly. During the term of this Lease, to the extent the payments on Lessor's Secured Obligation change due to interest rate adjustments, the Base Rent shall be contemporaneously adjusted by a like amount following written notice by Lessor. Lessee also understands and agrees that Lessor's Secured Obligation may be refinanced during the term of this Lease and that Lessor may obtain new financing on the Premises. At such time, and at all times thereafter, the Base Rent under this Lease shall be adjusted at the times and by the amounts, if any, that the payments are adjusted under the new financing. Lessor agrees not to refinance the Premises for eighteen (18) months from the Commencement Date, and thereafter only at a commercially reasonable rate pursuant to a loan having a principal balance approximately equivalent to the remaining principal balance on Lessor's Secured Obligation (i.e. approximately One Million Dollars ($1,000,000). Additionally, should Lessor incur reasonable transaction costs and expenses associated with the one-time required refinancing of Lessor's Secured Obligation, the Base Rent shall be increased for the Lease Term by the amount equivalent to that amount necessary to amortize such costs and expenses over the balance of the Lease Term and provide Lessor with a Nine Percent (9%) per annum return on the principal amount.
Adjustments in Base Rent. The monthly Base Rent shall
Adjustments in Base Rent. If this Lease has not been terminated, then on each Rent Adjustment Date set forth in the Basic Lease Information, the Base Rent shall be increased by the Rent Increase Percentage set forth in the Basic Lease Information.
