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.
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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.
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%.
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.
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.
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.

Related to Annual Rent Increases

  • Annual Rent LESSEE covenants and agrees to pay as rent to LESSOR the sum of ($ ) for the first year of this lease which shall be due at the time of approval by the Board of Education. Subsequent payment of annual rent shall be due on or before the anniversary date of this Lease Agreement. The obligation of LESSEE to pay rent under this Lease Agreement is unconditional, and the rent shall not be subject to set off for any reason or cause. LESSOR and LESSEE agree that in the event of termination or cancellation, any rental payment made during the term of this Lease Agreement is not refundable, and LESSEE waives any right or claim it may have to refund of rent paid. Rents shall be adjusted annually pursuant to the rent adjustment clause contained in Paragraph 3 of this Lease Agreement. In the event LESSEE is delinquent in the payment of rent, LESSEE shall pay a late charge equal to fifteen percent (15%) of the amount of rent past due for more than 30 days and thereafter shall pay interest on any rent past due at an annual rate (the "Default Rate") equal to the maximum rate then allowed by law or, if there is no maximum rate, then a rate equal to five percent per annum above the discount rate, excluding any surcharge thereon, on ninety-day commercial paper in effect at the Federal Reserve Bank in the Federal Reserve district in which LESSOR is located, calculated according to the actuarial method.

  • 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.

  • Minimum Rent The defined term “Minimum Rent” set forth in Section 1.66 of the Lease is deleted in its entirety and replaced with the following:

  • Base Rent Adjustment (a) The BASE RENT (subject to adjustment as set forth in Section 1.08(a) above) payable during the EXTENDED TERM, subject to the provisions of part (b) of this Section 3.03, shall be increased from the BASE RENT payable immediately prior to the first month of the EXTENDED TERM to the then fair market rental rate determined in connection with part (b) of this Section 3.03.

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