Adjustments in Base Rent. On each date specified in Section 1.10 of the Basic Lease Information for the adjustment of 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.
Appears in 1 contract
Samples: Industrial Lease
Adjustments in Base Rent. On each date specified in Section 1.10 of the Basic Lease Information for the adjustment of the Base Rent (an “Adjustment Date“”), the Base Rent payable under Section 4.1 above for the following twelve twelve-month period shall will be adjusted to equal one hundred and three percent (103%) of the Base Rent for the lease year period immediately preceding such the Adjustment Date.
Appears in 1 contract
Samples: Office Lease
Adjustments in Base Rent. On each date specified in Section 1.10 of the Basic Lease Information for the adjustment of the Base Rent (an “Adjustment Date“”), the Base Rent for the following twelve 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.
Appears in 1 contract
Samples: Ground Lease
Adjustments in Base Rent. On each date specified in Section 1.10 of the Basic Lease Information for the adjustment of Base Rent (an “Adjustment Date“)”) during the Term, the Base Rent for the following twelve month period payable by Tenant under Section 5.1 (Base Rent) above shall be adjusted increased by an amount equal to equal one hundred and three percent (1033%) of the Base Rent for in effect immediately prior to the lease year preceding such Adjustment Date.
Appears in 1 contract
Samples: tellusventure.com