BASIC RENT INCREASES Clause Samples
BASIC RENT INCREASES. 4.3 a. The Basic Rent shall be increased on each annual anniversary of the Commencement Date (each an "ADJUSTMENT DATE"). Basic Rent hereunder shall be increased by four percent (4%) per annum of the Basic Rent payable during the immediately preceding calendar year. Landlord shall notify Tenant of each increase by delivering a written statement setting forth the Indices, and the new amount of the Basic Rent. Tenant shall pay the new Basic Rent from its effective date until the next periodic increase.
BASIC RENT INCREASES. See Exhibit G. TENANT HEREBY ACKNOWLEDGES THAT TENANT HAS READ AND UNDERSTANDS THIS SECTION 4.2. __________ (Tenant to Initial)
BASIC RENT INCREASES. Basic Rent shall not be adjusted until the second (2nd) anniversary of the Basic Rent Payment Date on which the first full quarterly installment of Basic Rent shall be due and payable (the "First Full Basic Rent Payment Date"). As of the second (2nd) anniversary of the First Full Basic Rent Payment Date and on each second (2nd) anniversary date thereafter during the Term and during any extensions thereof, Basic Rent then in effect shall be increased by two percent (2%). During the initial Term the Basic Rent shall be adjusted on the following dates and shall be in the following amounts until the next adjustment date: October 1, 1999 $1,783,215 October 1, 2001 $1,818,879 October 1, 2003 $1,855,257 October 1, 2005 $1,892,362 October 1, 2007 $1,930,209 October 1, 2009 $1,968,813 October 1, 2011 $2,008,190 October 1, 2013 $2,048,354 October 1, 2015 $2,089,321 EXHIBIT E