Common use of Adjustments of Minimum Rent Following Disbursements Under Sections 5 Clause in Contracts

Adjustments of Minimum Rent Following Disbursements Under Sections 5. 1.3(b) and 5.1.5(b) (Landlord's Funding Obligations), 10.1.1 (Insufficient Insurance Proceeds) or 11.2 (Partial Condemnation). Effective on the date of each disbursement by Landlord of a Landlord's Additional Investment, the Minimum Rent shall be increased by an amount equal to the quotient obtained by dividing (i) a per annum amount equal to the Applicable Rate multiplied by such Landlord's Repairs Investment determined as of the date of Tenant's Notice to Landlord identifying the amount of and requirement for the applicable funds, by (ii) thirteen (13). If any such disbursement is made during any Accounting Period on a day other than the twentieth (20th) day of an Accounting Period, Tenant shall pay to Landlord on the twentieth (20th) day of the immediately following Accounting Period (in addition to the amount of Minimum Rent payable with respect to such Accounting Period, as adjusted pursuant to this paragraph (b)) the amount by which Minimum Rent for the preceding Accounting Period, as adjusted for such disbursement on a per diem basis, exceeded the amount of Minimum Rent actually paid by Tenant for such preceding Accounting Period.

Adjustments of Minimum Rent Following Disbursements Under Sections 5. 1.3(b) and 5.1.5(b) (Landlord's Funding Obligations), 10.1.1 (Insufficient Insurance Proceeds) or 11.2 (Partial Condemnation). Effective on the date of each disbursement by Landlord of a Landlord's Additional Investment, the Minimum Rent shall be increased by an amount equal to the quotient obtained by dividing (i) a per annum amount equal to the Applicable Lease Rate multiplied by such Landlord's Repairs Additional Investment determined as of the date of Tenant's Notice to Landlord identifying the amount of and requirement for the applicable funds, by (ii) thirteen (13). If any such disbursement is made during any Accounting Period on a day other than the twentieth (20th) day of an Accounting Period, Tenant shall pay to Landlord on the twentieth (20th) day of the immediately following Accounting Period (in addition to the amount of Minimum Rent payable with respect to such Accounting Period, as adjusted pursuant to this paragraph (b)) the amount by which Minimum Rent for the preceding Accounting Period, as adjusted for such disbursement on a per diem basis, exceeded the amount of Minimum Rent actually paid by Tenant for such preceding Accounting Period.