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.
Base Rent Adjustments. Base Rent shall be increased on each annual anniversary of the Commencement Date (provided, however, that if the Commencement Date occurs on a day other than the first day of a calendar month, then Base Rent shall be increased on each annual anniversary of the first day of the first full calendar month immediately following the Commencement Date) (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.
Base Rent Adjustments. Base Rent shall be subject to an annual upward adjustment of [***] percent ([***]%) of the then-current Base Rent. The first such adjustment shall become effective commencing on the first annual anniversary of the Commencement Date, and subsequent adjustments shall become effective on every successive annual anniversary for so long as this Lease continues in effect.
Base Rent Adjustments. Base Rent shall be increased during the Base Term as provided for in the schedule set forth on page 1 of this Lease. Base Rent, as so adjusted, shall thereafter be due as provided herein. Base Rent adjustments for any fractional calendar month shall be prorated.
Base Rent Adjustments. (a) Except for on January 1. 2006. Base Rent shall be increased on January 1 of each year 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. “CPI Adjustment Percentage” means (i) a fraction, stated as a percentage, the numerator of which shall be the Index for the calendar month 3 months before the month in which the Adjustment Date occurs, and the denominator of which shall be the Index for the calendar month 3 months before the last Adjustment Date or if no provided. Base Rent adjustment has been made, 15 months before the date of such Base Rent adjustment, less (ii) 1.00. “Index” means the “Consumer Price Index- All Urban Consumers-San Diego Metropolitan Area, All Items” compiled by the U.S. Department of Labor, Bureau of Labor Statistics, (1982-84 = 100). If a substantial change is made in the Index, the revised Index shall be used, subject to such adjustments as Landlord may reasonably deem appropriate in order to make the revised Index comparable to the prior index. If the Bureau of Labor Statistics ceases to publish the Index, then the successor or most nearly comparable index, as reasonably determined by Landlord, shall be used, subject to such adjustments as Landlord may reasonably deem appropriate in order to make the new index comparable to the Index. Landlord shall give Tenant written notice indicating the Base Rent, as adjusted pursuant to this Section, and the method of computation and Tenant shall pay to Landlord an amount equal to any underpayment of Base Rent by Tenant within 15 days of Landlord’s notice to Tenant. Failure to deliver such notice shall not reduce, xxxxx, waive or diminish Tenant’s obligation to pay the adjusted Base Rent.
Base Rent Adjustments. As set forth in this section, the Base Rent shall be adjusted annually based upon the change in the Consumer Price Index (the “CPI”) for All Urban Consumers for West Urban area size B/C 50,000-1,500,000 (the “Annual Adjustment”) and periodically based upon agreement or appraisal the “Periodic Adjustment”).
Base Rent Adjustments. Base Rent shall be increased on each 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.
(a) Notwithstanding anything to the contrary contained in this Lease, but provided Tenant is not in Default hereunder, Landlord hereby grants Tenant an abatement of the Base Rent and Operating Expenses payable during the period from the Rent Commencement Date until the expiration of the second full calendar month after the calendar month in which the Rent Commencement Date occurs. Thereafter, Tenant shall pay the full amount of Base Rent and Operating Expenses due in accordance with the provisions of this Lease. Notwithstanding anything to the contrary in this Section 4(a), the adjustment in the Base Rent as set forth in this Section 4 shall be based on the full and unabated amount of Base Rent payable for the first 12 month period from and after the Rent Commencement Date.
Base Rent Adjustments. Effective as of the date hereof, Section 4 of the Lease entitled “Base Rent Adjustments” is hereby amended and restated as follows:
(a) Base Rent (with respect to the Existing Premises but specifically excluding the Fifth Expansion Space) shall be increased on the first day of June of each subsequent year of the Extension Term (as defined in the Fourth Amendment), commencing on June 1, 2007, and continuing on the first day of June thereafter (each an “Existing Premises Adjustment Date”) by multiplying the applicable Base Rent (whether Original Premises Base Rent (as defined in the Fourth Amendment), Third Expansion Space Base Rent (as defined in the Fourth Amendment) or Fourth Expansion Base Rent) payable immediately before such Existing Premises Adjustment Date by the Rent Adjustment Percentage and adding the resulting amount to the applicable Base Rent payable immediately before such Existing Premises Adjustment Date. Such applicable Base Rent, as so adjusted, shall thereafter be due as provided under the Lease; and
(b) Base Rent (with respect to the Fifth Expansion Space only) shall be increased on the first day of June of each subsequent year of the Extension Term, commencing on June 1, 2008 and continuing on the first day of June thereafter (each a “Fifth Expansion Space Adjustment Date,” and together with the Existing Premises Adjustment Date, hereinafter collectively the “Adjustment Date”) by multiplying the Fifth Expansion Base Rent payable immediately before such Fifth Expansion Space Adjustment Date by the Rent Adjustment Percentage and adding the resulting amount to the Fifth Expansion Space Base Rent payable immediately before such Fifth Expansion Space Adjustment Date. The Fifth Expansion Base Rent, as so adjusted, shall thereafter be due as provided under the Lease.
Base Rent Adjustments. Base Rent for the First Amendment Premises shall be subject to an annual upward adjustment of three percent (3%) of the then-current Base Rent. The first such adjustment shall become effective commencing on the first (1st ) annual anniversary of the First Amendment Premises Rent Commencement Date, and subsequent adjustments shall become effective on every successive annual anniversary for so long as the Lease continues in effect.
Base Rent Adjustments. Lessee shall pay to Lessor Base Rent in advance, on or before the first day of each calendar month, as follows:
(a) During the period from May 1, 2009 through April 30, 2010, Lessee shall pay to Lessor Base Rent in equal monthly installments the sum of Thirty Six Thousand Five Hundred Sixty Dollars and Eighty Cents ($36,560.80); provided that so long as Lessee is not in default under the terms of the Lease, Base Rent shall be abated for this period as an Inducement Provision. Notwithstanding such abatement of Base Rent, Lessee’s Share of Common Area Operating Expenses and all other charges payable during such period shall not be abated and shall be payable by Lessee.
(b) During the period from May 1, 2010 through April 30, 2011, Lessee shall pay to Lessor Base Rent in equal monthly installments the sum of Thirty Six Thousand Five Hundred Sixty Dollars and Eighty Cents ($36,560.80).
(c) During the period from May 1, 2011 through April 30, 2012, Lessee shall pay to Lessor Base Rent in equal monthly installments the sum of Thirty Seven Thousand Eight Hundred Forty Dollars and Forty Three Cents ($37,840.43).
(d) During the period from May 1, 2012 through April 30, 2013, Lessee shall pay to Lessor Base Rent in equal monthly installments the sum of Thirty Nine Thousand One Hundred Sixty Seven Dollars and Seventy Four Cents ($39,167.74).
(e) During the period from May 1, 2013 through April 30, 2014, Lessee shall pay to Lessor Base Rent in equal monthly installments the sum of Forty Thousand Five Hundred Thirty Four Dollars and Eighty Cents ($40,534.80).
(f) During the period from May 1, 2014 through April 30, 2015, Lessee shall pay to Lessor Base Rent in equal monthly installments the sum of Fifty Thousand Seventy Two Dollars and Forty Cents ($50,072.40).
(g) During the period from May 1, 2015 through April 30, 2016, Lessee shall pay to Lessor Base Rent in equal monthly installments the sum of Fifty Four Thousand Forty Six Dollars and Forty Cents ($54,046.40).
