Common use of Escalator Clause Clause in Contracts

Escalator Clause. By this Amendment Article 6 of the Lease Agreement shall read as follows: In the event that the Consumer-Price-Index for Germany determined by the Federal Statistical Office (Basis 2000 = 100) increases or decreases (in percent) in relation to its state as of December 2006, the rent shall be changed in the same proportion. An adjustment shall, in each case, be made as if January 1st, of the year in accordance with the state of the index in December of the preceding year. The Landlord shall be responsible for obtaining the authorization of the respective “Bundesamt für Wirtschaft und Ausfuhrkontrolle”, as far as legally required.

Appears in 5 contracts

Samples: Lease Agreement for Office Buildings (Fresenius Medical Care AG & Co. KGaA), Lease Agreement for Office Buildings (Fresenius Medical Care AG & Co. KGaA), Lease Agreement (Fresenius Medical Care AG & Co. KGaA)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.