Escalation of Rent. During each successive year of the initial term or any extension hereof, beginning one year after the commencement date of this Lease, the annual rental rate shall be adjusted as provided below, provided that the rental rate as adjusted for each term shall not in any event be less than the annual rental rate for the first year hereof. LESSOR shall give LESSEE written notice of such change not less than thirty (30) days before the effective date of the new rental rate provided, however, that such rental rate shall not be adjusted unless the same adjustments are made for all airport lessees in the same category as LESSEE.
Escalation of Rent. Effective XXX for the Second Lease Year and for each consecutive Lease Year thereafter, including during the First Renewal Term and the Second Renewal Term, the annual Rent and the monthly installment thereof shall be increased by three (3.00%) percent of the Rent payable in the previous Lease Year.
Escalation of Rent. At the end of each five (5) year period during the initial term of this Lease and at the beginning of each renewal period hereof, the annual rental shall be increased by ten percent (10%) of the total amount of the preceding five (5) year period. The annual rental shall be payable in twelve (12) equal monthly installments payable in advance on the first day of each month.
Escalation of Rent. Commencing on the first day of the second Lease Year (as hereinafter defined) and on the first day of each Lease Year thereafter during the Lease Term (each an “Adjustment Date”), Tenant shall pay to Landlord on the first day of each month as Rent an amount (the “Adjustment Amount”) equal to the sum of (i) the Rent in effect immediately preceding the current Adjustment Date plus (ii) three percent (38) of the Rent in effect immediately preceding such Adjustment Date. The Adjustment Amount shall then be deemed to be the Rent in effect and shall be deemed to be the Rent in effect for purposes of calculating the next Adjustment Amount.
Escalation of Rent. Commencing on the 1st day of January next following the execution date of this Agreement and on each January 1 thereafter (each such date a “Rent Adjustment Date”), the Monthly Rent then in effect shall be adjusted, upward only, by two cents ($0.02) per customer, per month as outlined in Section 3 paragraph a above.
Escalation of Rent. The Rent for the Premises shall stand escalated at the rate of 15% (Fifteen Percent Only), every 3 (Three) years commencing from the Lease Commencement Date (including during any renewed period of the Lease), over the Rent paid by the Lessee in the month immediately prior to such escalation.
Escalation of Rent. The total monthly office space rent shall be escalated by nine point three seven (9.37%) every three (3) years during the Term of lease. Such escalated rent shall also be referred to as the Rent. However, there shall be no escalation on the Security Deposit and car-parking charges during the initial term, first renewed term and second renewed term.
Escalation of Rent. LANDLORD has right, upon thirty (30) days’ notice to TENANT after the expiration of the initial term, to adjust rental sum to the market rate.
Escalation of Rent. There shall be an escalation of 10% (ten percent) on the Rent (all rentals) every 2 (every) two years for the Term of the lease commencing from the Lease Commencement Date The escalated Rent shall also be referred to as ‘Rent’.
Escalation of Rent. Upon each renewal of the lease, there shall be an escalation in the Rent payable, at 12% over the Rent paid during the term of the lease immediately preceding such renewal.
