Adjustments in Rent Sample Clauses

Adjustments in Rent. On each date specified in the Basic License Information for the adjustment of Rent (an "Adjustment Date") during the Term, the Rent payable by Licensee under Section 4.1 (Rent) above shall be adjusted by an amount not less than three percent or according to the Consumer Price Index (as set out below), whichever is greater. The Consumer Price Index Urban Wage Earners and Clerical Workers (base years 1982-1984 = 100) for San Francisco-Oakland-San Xxxx area published by the United States Department of Labor, Bureau of Labor Statistics (the "Index"), which is published most immediately preceding the Adjustment Date (the "Adjustment Index"), shall be compared with the Index published most immediately preceding the Commencement Date in the case of the first Adjustment Date or, in the case of any subsequent Adjustment Date, the Adjustment Index for the previous Adjustment Date (the "Base Index"). If the Adjustment Index has increased over the Base Index, then the Rent payable on and after the Adjustment Date shall be set by multiplying the Rent by a fraction, the numerator of which is the Adjustment Index and the denominator of which is the Base Index. If the Index is changed so that the base year differs from that used as of the date most immediately preceding the Commencement Date, the Index shall be converted in accordance with the conversion factor published by the United States Department of Labor, Bureau of Labor Statistics. If the Index is discontinued or revised during the Term, such other government index or computation with which it is replaced shall be used in order to obtain substantially the same result as would be obtained if the Index had not been discontinued or revised.
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Adjustments in Rent. Base Rent reflected in all Lease Schedules shall increase or decrease with changes in the Initial Index Rate in the manner described in the applicable Lease Schedule.
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Adjustments in Rent. If the rent is subject to an adjustment as set out in Section III of this Lease, or if Tenant exercises any option(s) to extend this Lease, the minimum rent during such additional term(s) shall be one-twelfth (1/12th) of an amount determined by multiplying the annual minimum rent set forth in Section 2.02 of this Lease by the Cost of Living Index Number in effect at the beginning of the applicable term and then dividing said figure by the Index Number in effect on the Commencement Date of the Lease. For example, assume that the Lease commences on the first day of June, 1975; that the annual rent payable under Section 2.02 of this Lease is $24,000.00; that the Cost of Living Index on the first day of June, 1975 is 135.0; and that the Cost of Living Index on the first day of the first month of said renewal or adjustment term is 155.0, then the annual adjusted rent during such renewal or adjustment term of this Lease commencing on the first day of the first month of such renewal or adjustment term would be $24,000.00 x 155.0 divided by 135.0 which equals $27,555.56. Therefore, the minimum rent due monthly would be 1/12th of that figure, which would be $2,296.30. The Cost of Living Index Numbers to be used shall be the ones in effect at the applicable date defined at the "U. S. Department of Labor, Bureau of Labor Statistics, Consumer Price Index For All Items for Urban Wage Earners and Clerical Workers" unadjusted for seasonal variations. The index base shall be "1967 = 100" or such later base as may be adopted by the Bureau of Labor Statistics so long as the base used for the respective dates is the same or made so by proper adjustment. These index numbers are presently published in Federal Reserve Bulletin Table A68, Column 1, "All Items".
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Adjustments in Rent 
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Related to Adjustments in Rent

  • Rent Adjustments 4.1 For the purpose of this Article 4, the following terms are defined as follows:

  • Base Rent Purchaser will receive a credit at Closing for the prorated amount of all base or fixed rent payable pursuant to the Leases and all Additional Rents (collectively, “Rent”) previously paid to, or collected by, Seller and attributable to any period following the Closing Date. Rents are “Delinquent” when they were due prior to the Closing Date, and payment thereof has not been made on or before the Closing Date. Delinquent Rent shall not be prorated at Closing. All Rent collected by Purchaser or Seller from each tenant from and after Closing will be applied as follows: (i) first, to Delinquent Rent owed for the month in which the Closing Date occurs (the “Closing Month”), (ii) second, to any accrued Rents owing to Purchaser, and (iii) third, to Delinquent Rents owing to Seller for the period prior to Closing. Any Rent collected by Purchaser and due Seller will be promptly remitted to Seller. Any Rent collected by Seller and due Purchaser shall be promptly remitted to Purchaser. Purchaser shall use reasonable efforts to collect Delinquent Rents owed to Seller in the ordinary course of its business; provided, however, that Seller hereby retains the right to pursue any tenant under the Leases for any Rent and other sums due Seller for period attributable to Seller’s ownership of the Property; and provided further, however, Seller (i) shall be required to notify Purchaser in writing of Seller’s intention to commence or pursue any legal proceedings; and (ii) shall not be permitted to commence or pursue any legal proceedings against any tenant seeking eviction of such tenant or the termination of the underlying Lease. “Additional Rents” shall mean any and all amounts due from tenants for operating expenses, common area maintenance charges, taxes, shared utility charges, management fees, insurance costs, other comparable expenses and pass-through charges and any other tenant charges. The provisions of this Section 14.5 shall survive the Closing and the delivery of any conveyance documentation.

  • Rent Adjustment (a) If, solely as a result of Congressional enactment of any law (including, without limitation, any modification of, or amendment or addition to, the Internal Revenue Code of 1986, as amended, ("CODE")), the maximum effective corporate income tax rate (exclusive of any minimum tax rate) for calendar-year taxpayers ("EFFECTIVE RATE") is higher than thirty-five percent (35%) for any year during the lease term, then Lessor shall have the right to increase such rent payments by requiring payment of a single additional sum. The additional sum shall be equal to the product of (i) the Effective Rate (expressed as a decimal) for such year less .35 (or, in the event that any adjustment has been made hereunder for any previous year, the Effective Rate (expressed as a decimal) used in calculating the next previous adjustment) times (ii) the adjusted Termination Value (defined below), divided by (iii) the difference between the new Effective Rate (expressed as a decimal) and one (1). The adjusted Termination Value shall be the Termination Value (calculated as of the first rent due in the year for which the adjustment is being made) minus the Tax Benefits that would be allowable under Section 168 of the Code (as of the first day of the year for which such adjustment is being made and all future years of the lease term). The Termination Values and Tax Benefits are defined on the Schedule. Lessee shall pay to Lessor the full amount of the additional rent payment on the later of (i) receipt of notice or (ii) the first day of the year for which such adjustment is being made.

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