Base Annual Rent Adjustment Sample Clauses

Base Annual Rent Adjustment. (a) The Base Annual Rent shall be adjusted during the Lease Term or the Extension Terms under the procedures set forth in Exhibit 2.04 (the "Base Annual Rent Adjustment"). (b) As used in Exhibit 2.04, the "
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Base Annual Rent Adjustment. The Base Annual Rent shall be increased, effective as of the commencement of the second Lease Year and as of each subsequent Lease Year by an amount equal to the Initial Base Rent multiplied by fifty percent (50%) of the change in the Index during the immediately preceding one (1) year period; provided, however, that, in the event that the above-calculated adjustment is greater than two percent (2%), such adjustment shall be equal to two percent (2%). SCHEDULE 5.07
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Base Annual Rent Adjustment. (a) The Base Annual Rent shall be adjusted during the Lease Term or the Extension Terms under the procedures set forth in Exhibit ------- 2.04 (the "Base Annual Rent Adjustment"). ---- (b) As used in Exhibit 2.04, the "Index" shall mean the CPI-U ------------ published by the United States Department of Labor, Bureau of Labor Statistics Consumer Price Index for All Urban Consumers, U.S. City Average. If at any time during the Term or the Extension Term, as the case may be, the Index shall be discontinued, Landlord shall select a substitute index, being an existing official index published by the Bureau of Labor Statistics or its successor or another, similar governmental agency, which index is most nearly equivalent to the Index.
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Base Annual Rent Adjustment. The Base Annual Rent shall be increased, effective as of the commencement of the fourth Lease Year and as of each subsequent Lease Year by an amount equal to the Base Annual Rent multiplied by 100 percent (100%) of the change in the Index during the immediately preceding one (1) year period; provided, however, that, in the event that the above-calculated adjustment is greater than two percent and one-half (22%), such adjustment shall be equal to two and one-half percent (22%). EXHIBIT 5.07 ENVIRONMENTAL REPORTS EXHIBIT 15.02 SUBORDINATION AND NON-DISTURBANCE AGREEMENT THIS AGREEMENT is made as of this ___ day of __________, 1998, among _____________, a ___________ organized under the laws of the State of _____________ ("Lender"), __________________ ("Tenant"), and CAPITAL AUTOMOTIVE L.P., a Delaware limited partnership ("Landlord").
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Base Annual Rent Adjustment. 4 2.04 Security Deposit; Guarantee Agreement......................... 5 2.05 Place of Payment of Rent; Direct Payment of Additional Rent... 5 2.06
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Base Annual Rent Adjustment a) The Base Annual Rent shall be adjusted during the Lease Term or the Extension Terms under the procedures set forth in Section 2.03 (b) (the "Base Annual Rent Adjustment"). Under no circumstances shall a Base Annual Rent Adjustment result in a Base Annual Rent that is less than the previous year's Base Annual Rent.
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Base Annual Rent Adjustment. (a) The Base Annual Rent shall be adjusted upward during the Term beginning June 1, 2000, and each Lease Year thereafter, and each year during the Extension Terms (the "BASE ANNUAL RENT ADJUSTMENT") as follows:
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Related to Base Annual Rent Adjustment

  • 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.

  • 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.

  • Minimum Annual Rent Tenant agrees to pay to Landlord the Minimum Annual Rent in equal monthly installments in the amount set forth in Section 1(d) (as increased at the beginning of each lease year as set forth in Section 1(d)), in advance, on the first day of each calendar month during the Term, without notice, demand or setoff, at Landlord's address designated at the beginning of this lease unless Landlord designates otherwise; provided that rent for the first full month shall be paid at the signing of this lease. If the Commencement Date falls on a day other than the first day of a calendar month, the rent shall be apportioned pro rata on a per diem basis for the period from the Commencement Date until the first day of the following calendar month and shall be paid on or before the Commencement Date. As used in this lease, the term "LEASE YEAR" means the period from the Commencement Date through the succeeding 12 full calendar months (including for the first lease year any partial month from the Commencement Date until the first day of the first full calendar month) and each successive 12 month period thereafter during the Term.

  • 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.

  • Basic Annual Rent It is the intent of both parties that the Basic Annual Rent herein specified shall be absolutely net to the Landlord throughout the term of this Lease, and that all costs, expenses and obligations relating to Tenant’s pro-rata share of the Building, Property and/or Building, Property and/or Leased Premises which may arise or become due during the term shall be paid by Tenant in the manner hereafter provided. For purposes of this Part IV and the Lease in general, the following words and phrases shall have the meanings set forth below:

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

  • Base Annual Salary “Base Annual Salary” means the greater of (1) the highest annual rate of base salary in effect for the Executive during the 12 month period immediately prior to a Change in Control or, (2) the annual rate of base salary in effect at the time Notice of Termination is given (or on the date employment is terminated if no Notice of Termination is required).

  • Average Annual Compensation The Executive's "Average Annual Compensation" for purposes of this Agreement shall be deemed to mean the average level of compensation paid to the Executive by the Employers or any subsidiary thereof during the most recent five taxable years preceding the Date of Termination, including Base Salary and benefits and bonuses under any employee benefit plans of the Employers.

  • Base Rental (a) Lessee hereby agrees to pay to Lessor, without setoff or deduction whatsoever, a monthly installment of $3,284.00. Lessee shall also pay, as additional rent, all such other sums of money as shall become due from and payable by Lessee to Lessor under this Lease (Base Rental, any adjustment thereto pursuant to Section 4 hereof, and all such other sums of money due from and payable by Lessee pursuant to this Lease are sometimes hereinafter collectively called "rent"), for the nonpayment of which Lessor shall be entitled to exercise all such rights and remedies as are herein provided in the case of the nonpayment of Base Rental. The Base Rental, together with any adjustment or increase thereto then in effect, shall be due and payable in advance in twelve (12) equal installments on the first (lst) day of each calendar month during the term of this Lease, and Lessee hereby agrees so to pay such Base Rental and any adjustment or increase thereto to Lessor at Lessor's address provided herein (or such other address as may be designated by Lessor in writing from time to time) monthly, in advance, and without demand. If the term of this Lease commences on a day other than the first (lst) day of a month or terminates on a day other than the last day of a month, then the installments of Base Rental and any adjustments thereto for such month or months shall be prorated, and the installment or installments so prorated shall be paid in advance.

  • Minimum Rental Beginning with the Commencement Date and continuing through the Expiration Date or earlier termination of this Lease, Tenant shall pay Minimum Rental in accordance with the schedule set forth in Section 1(g) in equal monthly installments each in advance on or before the first day of each month. If the Commencement Date is a date other than the first day of a calendar month, the Minimum Rental shall be prorated daily from such date to the first day of the next calendar month and paid on or before the Commencement Date.

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