Annual Rent Increases Sample Clauses

Annual Rent Increases. Increases will be per square foot per annum and payable monthly according to the rental schedule in Section 1.08 above.
Sample 1Sample 2
AutoNDA by SimpleDocs
Annual Rent Increases. Annually, on the anniversary of the Rent Commencement Date, the minimum rent shall be increased according to the formula set forth below. The minimum Rent shall be subject to annual adjustments each year on the anniversary of the Rent Commencement Date (collectively the "Adjustment Dates"). Increases in the Minimum Monthly Rent shall occur annually on the Adjustment Dates, and shall be equal to the increase, if any, of the Consumer Price Index, "CPI Increase" as described below The base for computing the CPI Increase is the Consumer Price Index for all Urban Consumers, San Francisco-Oakland City Average (1982~84=100) (all terms), published by the United States Department of Labor, Bureau of Labor Statistics, the "Index", for the month immediately preceding the Commencement Date, the "Beginning Index". If the Index published for the month immediately preceding each of the Adjustment Dates (the "Extension Index") has increased over the Beginning Index, the Minimum Rent for the period until the next Adjustment Date shall be set by multiplying the Minimum Rent effective for the twelve (12) month period immediately preceding the Adjustment Date by a fraction, the numerator of which is the Extension Index and the denominator of which is the Beginning Index. If the Index is changed so that the base year differs from that used, as of 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 of this Lease 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.
Sample 1
Annual Rent Increases. The capitalized terms used herein are defined below. Base Rent shall be increased each Lease Year during the Term of the Lease, as more particularly set forth below. (a) On each of the first four Adjustment Dates, Base Rent shall increase by two percent (2%) (i.e. on the first Adjustment Date, the beginning of the second Lease Year, Base Rent shall increase by two percent (2%) so that the Base Rent for the second Lease Year is one hundred and two percent (102%) of the Base Rent for the first Lease Year, on the second Adjustment Date, the beginning of the third Lease Year, Base Rent shall increase by two percent (2%) so that the Base Rent for the third Lease Year is one hundred and two percent (102%) of the Base Rent paid in the second Lease Year, etc.). [*** ALTERNATIVE PROVISION FOR THE SITES THAT WILL BE SOLD BY NNN ***] On each of the first four Adjustment Dates, Base Rent shall increase by two times the percentage increase in the CPI, subject to the Increase Cap set forth below. The increases in Base Rent will be calculated as follows: (i) subtract one point zero (1.0) from a fraction, the numerator of which shall be the Variable Index, and the denominator of which shall be the Base Index; and (ii) multiply the result obtained in subpart (i) above by two (2); then (iii) multiply Base Rent for the Lease Year immediately prior to the Adjustment Date by the product obtained in subpart (ii) above. Notwithstanding the foregoing, in no event shall the increase in Base Rent on the first through fourth Adjustment Dates exceed two percent (2.0%) (the “Increase Cap”), and in no event shall the new Base Rent be less than the Base Rent for the Lease Year prior to the Adjustment Date. (b) On each of the fifth through ninth Adjustment Dates, Base Rent shall increase by one and one-half percent (1.5%) (i.e. on the sixth Adjustment Date, the beginning of the seventh Lease Year, Base Rent shall increase by one and one-half percent (1.5%) so that the Base Rent for the seventh Lease Year is one hundred and one and one-half percent (101.5%) of the Base Rent for the sixth Lease Year, on the seventh Adjustment Date, the beginning of the eight Lease Year, Base Rent shall increase by one and one-half percent (1.5%) so that the Base Rent for the eight Lease Year is one hundred and one and one-half percent (101.5%) of the Base Rent paid in the seventh Lease Year, etc.). .). [*** ALTERNATIVE PROVISION FOR THE LEASES THAT WILL BE SOLD BY NNN ***] On each of the fifth through nint...
Sample 1
Annual Rent Increases. Beginning with the month of February, 2001, the annual fixed minimum rent nine-thousand, three-hundred, forty-two dollars and twenty-two cents ($9,342.22) for the initial period) shall be increased by a sum of three percent (3%) over the previous year's annual fixed minimum rent.
Sample 1
Annual Rent Increases. Tenant’s Rent amount should be adjusted annually on the first calendar day of each year to reflect the increase in common operating costs and rent payable by the Landlord on the lease premises. The annual rent increase will be capped at no more than 5%.
Sample 1
Annual Rent Increases. Lease Years 6-10, 12-20, and 22-30. On the first day of Lease Years 6 through 10, Lease Years 12 through 20 (if this Agreement is renewed), and Lease Years 22 through 30 (if this Agreement is renewed) (each an “Adjustment Date”), Annual Rent shall be increased to an amount equal to the product of the Annual Rent in effect immediately preceding the applicable Adjustment Date, multiplied by 1.03. The product of such multiplication shall be the Annual Rent for such Lease Year, commencing on the applicable Adjustment Date.
Sample 1

Related to Annual Rent Increases

  • Rent Increases The Rent payable shall not be increased or otherwise modified during the Term of this Lease. Any increase in Rent shall only take effect after the expiration of the Term provided in this Lease. Any increase in Rent to take effect upon renewal or extension of the Term of this Lease must be preceded by a - day notice of the same from the Landlord to the Tenant.

  • RENT INCREASE 6.1 The Landlord is entitled to increase the Rent payable under this tenancy, either during the Tenancy Term or any subsequent renewal or periodic term, on each anniversary of the start date of this tenancy (“The Rent Increase Date”). The increase will be a minimum 5% in addition to the current Rent payable. Should the Landlord elect to do so they will first serve written notice on the Tenant in accordance with these Tenancy Terms and Conditions of at least one calendar month prior to the Rent Increase Date (“the Rent Increase Notice”). 6.2 If the Landlord chooses not to increase the Rent on the Rent Increase Date they may defer doing so to any date thereafter provided they shall at any time thereafter be entitled to serve a Rent Increase Notice and the said rent increase shall take effect on the expiry of such notice – the Landlord will not be entitled to then increase the rent in this way for another 12 months.

  • Annual Rent LESSEE covenants and agrees to pay as rent to LESSOR the sum of

  • Base Rent Lessee shall pay Base Rent and other rent or charges, as the same may be adjusted from time to time, to Lessor in lawful money of the United States, without offset or deduction, on or before the day on which it is due under the terms of this Lease. Base Rent and all other rent and charges for any period during the term hereof which is for less than one full month shall be prorated based upon the actual number of days of the month involved. Payment of Base Rent and other charges shall be made to Lessor at its address stated herein or to such other persons or at such other addresses as Lessor may from time to time designate in writing to Lessee.

  • Monthly Rent a. Commencing as of the Commencement Date, and continuing thereafter on or before the first day of each calendar month during the term hereof, Tenant shall pay to Landlord, as monthly rent for the Premises, the Monthly Rent specified in Paragraph 2 above. If Tenant’s obligation to pay Monthly Rent hereunder commences on a day other than the first day of a calendar month, or if the term of this Lease terminates on a day other than the last day of a calendar month, then the Monthly Rent payable for such partial month shall be appropriately prorated on the basis of a thirty (30)-day month. Monthly Rent and the Additional Rent specified in Paragraph 7 shall he paid by Tenant to Landlord, in advance, without deduction, offset, prior notice or demand, in immediately available funds of lawful money of the United States of America, or by good check as described below, to the lockbox location designated by Landlord, or to such other person or at such other place as Landlord may from time to time designate in writing. Payments made by check must be drawn either on a California financial institution or on a financial institution that is a member of the federal reserve system. Notwithstanding the foregoing, Tenant shall pay to Landlord together with Tenant’s execution of this Lease an amount equal to the Monthly Rent payable for the first full calendar month of the Lease term after Tenant’s obligation to pay Monthly Rent shall have commenced hereunder, which amount shall be applied to the Monthly Rent first due and payable hereunder. b. All amounts payable by Tenant to Landlord under this Lease, or otherwise payable in connection with Tenant’s occupancy of the Premises, in addition to the Monthly Rent hereunder and Additional Rent under Paragraph 7, shall constitute rent owed by Tenant to Landlord hereunder. c. Any rent not paid by Tenant to Landlord when due shall bear interest from the date due to the date of payment by Tenant at an annual rate of interest (the “Interest Rate”) equal to the lesser of (i) twelve percent (12%) per annum or (ii) the maximum annual interest rate allowed by law on such due date for business loans (not primarily for personal, family or household purposes) not exempt from the usury law. Notwithstanding the foregoing, Landlord shall give Tenant notice of non-payment of rent when due and five (5) days after delivery of such notice to cure such non-payment once in each calendar year before assessing interest in such calendar year pursuant to this Paragraph 5.c. Failure by Tenant to pay rent when due, including any interest accrued under this subparagraph, shall constitute an Event of Default (as defined in Paragraph 25 below) giving rise to all the remedies afforded Landlord under this Lease and at law for nonpayment of rent. d. No security or guaranty which may now or hereafter be furnished to Landlord for the payment of rent due hereunder or for the performance by Tenant of the other terms of this Lease shall in any way be a bar or defense to any of Landlord’s remedies under this Lease or at law. e. Notwithstanding anything to the contrary in this Lease: (i) in no event may any rent under this Lease be based in whole or in part on the income or profits derived from the Premises, except for percentage rent based on gross (not net) receipts or sales; (ii) if the holder of a Superior Interest (as defined in Paragraph 21 below) succeeds to Landlord’s interest in the Lease (“Successor Landlord”) and the Successor Landlord is advised by its counsel that all or any portion of the rent payable under this Lease is or may be deemed to be “unrelated business income” within the meaning of the Internal Revenue Code or regulations issued thereunder, such Successor Landlord may, at its option, unilaterally amend the calculation of rent so that none of the rent payable to Landlord under the Lease will constitute “unrelated business income,” but the amendment will not increase Tenant’s payment obligations or other liability under this Lease or reduce the Landlord’s obligations under this Lease and (iii) upon the Successor Landlord’s request, Tenant shall execute any document such holder deems necessary to effect the foregoing amendment to this Lease.

  • Benefit Increases Benefit payments may be increased as provided in Section 2.1.3.

  • Base Rent Adjustments Base Rent shall be increased on each annual anniversary of the first day of the first full month during the Term of this Lease (each an “Adjustment Date”) by multiplying the Base Rent payable immediately before such Adjustment Date by the Rent Adjustment Percentage and adding the resulting amount to the Base Rent payable immediately before such Adjustment Date. Base Rent, as so adjusted, shall thereafter be due as provided herein. Base Rent adjustments for any fractional calendar month shall be prorated.

  • Merit Increases (a) Subject to documented assessment and performance review undertaken pursuant to the Performance Management System, an employee on anniversary date may be granted an increase of up to five pay increments in the pay scale, not to exceed the control point maximum. (b) The Employer shall notify the employee in writing when an annual increment(s) is not granted or when an annual increment of less than two (2) increments is granted. Such notice shall contain the Employer’s reason(s) as to why the employee’s work performance was not satisfactory. (c) An employee who has not been granted a merit increase shall have the right to refer their performance evaluation to the Director of Human Resources or designate for review by the Review Committee that has been established in the employing department. The employee shall have the right to make written submission to the Review Committee. (d) At the discretion of the Deputy Head, anniversary date merit increases, or portions thereof may be delayed and granted at a subsequent date, without change to the employee’s anniversary date. (e) Where an employee is not granted a pay increment(s) due to an omission or error, the employee shall be granted the increase on a subsequent date, retroactive to their anniversary date for such increment(s). (f) The number of merit increase pay increments granted for part-time or seasonal employees should be pro-rated or delayed in relation to length or work periods. Merit increase pay increments for part-time employees shall be determined in accordance with Article 33.03. (g) Employees paid at or above the control point maximum of the pay range are ineligible for merit increases. (h) It is understood by the parties that clause 14.11 does not apply to scheduled work planning and review or performance appraisal meetings.

  • Wage Increases The wage rates in this Agreement will only be increased in accordance with any increases which may be awarded by the Australian Fair Pay Commission through wage reviews. The level of any increases will be such that the percentage wage increase as set out in Clause 15 of this agreement will be maintained. No additional increases in wage rates will apply to the rate of pay in Clause 15 of this Agreement while it is in operation.

  • Basic Rent The periodic rent payable for the Aircraft throughout the Basic Term pursuant to Section 3.02 of the Lease, adjusted pursuant to Article 3 of the Lease. Basic Term. The period commencing at the beginning of the day on the Delivery Date and ending at the end of the day on July 15, 2023, or such earlier date on which the Lease shall be terminated as provided therein.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!