Fixed percentage increase Sample Clauses

Fixed percentage increase. 9. Example 1. In this example, the fixed term tenancy is for three years and the rent is agreed at £300 per week for the first year with an option for the landlord to increase the rent by no more than 1.4% in each of the subsequent two years of the fixed term. The tenancy commences on 1 May 2020. If the landlord carries out a review and increases the rent by the maximum amount each year, the rent which will be payable each year will be (rounded to the nearest xxxxx): Year 1 (from 1 May 2020) Year 2 (from 1 May 2021) Year 3 (from 1 May 2022) £300 per week £300 x 1.014 = £304.20 per week £304.20 x 1.014% = £308.46 per week
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Fixed percentage increase. If a percentage appears next to a Review Date, the Licence Fee to be paid from the Review Date is the amount calculated by the following formula: 𝑁 = 𝑂 + (𝑂 𝑥 𝑃) where: N means the Licence Fee to be paid from the Review Date O means the Old Licence Fee P means the percentage next to the Review Date.
Sample 1
Fixed percentage increase. If a percentage appears next to a Review Date, the Rent to be paid from the Review Date is the amount calculated by the following formula: 𝑁𝑅 = 𝑂𝑅 + (𝑂𝑅 𝑥 𝑃) where: NR means the Rent to be paid from the Review Date OR means the Old Rent P means the percentage next to the Review Date.
Sample 1
Fixed percentage increase. The Annual Rent when calculated on each Fixed Percentage Review Date (if any) will be determined in each such case pursuant to the following formula ("Fixed Percentage Increase Formula") namely: R = CR x P 100 Where: R = the adjusted Minimum Rent calculated on an annual basis payable from and including the relevant Fixed Percentage Review Date; and CR = The Minimum Rent payable calculated on an annual basis immediately prior to the relevant Fixed Percentage Review date. P = That figure or numeral specified of the Reference Schedule as numeral “P”. On or before the relevant Fixed Percentage Review Date the Lessor is to notify the Lessee in writing ("Lessor's Notice") of the amount which the Lessor considers to be the new Rent for the Leased Premises from the Fixed Percentage Review Date and except in the case of manifest error on the part of the Lessor the amount so specified shall apply and be duly payable.
Sample 1
Fixed percentage increase. On each anniversary of the commencement date, the rental provider may adjust the rent by per cent. per cent. The rental provider must provide the renter with written notice of the rent increase 60 days before the date the rent will increase.
Sample 1

Related to Fixed percentage increase

  • Percentage Interest Ownership of the Company shall be divided into, represented by, and each Member’s Percentage Interest shall be expressed in Units of the Company. The name, address, Units and Percentage Interest of each Member are set forth on Exhibit “A” attached hereto, which may be amended from time to time as necessary to reflect changes in the Percentage Interests and Units held by the Members.

  • Capital Contributions; Percentage Interest The Members shall make contributions to the Company in an amount approved by the Members. No Member shall be required or permitted to make any additional contributions without the consent of all of the Members. The percentage interest of each Member in the Company shall be as set forth in the books and records of the Company, as amended from time to time by Managing Member consent.

  • Annual Percentage Rate Each Receivable has an APR of not more than 25.00%.

  • Reallocation of Applicable Percentages to Reduce Fronting Exposure During any period in which there is a Defaulting Lender, for purposes of computing the amount of the obligation of each non-Defaulting Lender to acquire, refinance or fund participations in Letters of Credit or Swing Line Loans pursuant to Sections 2.03 and 2.04, the “Applicable Percentage” of each non-Defaulting Lender shall be computed without giving effect to the Commitment of that Defaulting Lender; provided, that, (i) each such reallocation shall be given effect only if, at the date the applicable Lender becomes a Defaulting Lender, no Default or Event of Default exists; and (ii) the aggregate obligation of each non-Defaulting Lender to acquire, refinance or fund participations in Letters of Credit and Swing Line Loans shall not exceed the positive difference, if any, of (1) the Commitment of that non-Defaulting Lender minus (2) the aggregate Outstanding Amount of the Committed Loans of that Lender.

  • Senior Prepayment Percentage See the definition of “Group 1 Senior Prepayment Percentage or Group 2 Senior Prepayment Percentage”.

  • Percentage Interests If the number of outstanding Partnership Units increases or decreases during a taxable year, each Partner’s Percentage Interest shall be adjusted by the General Partner effective as of the effective date of each such increase or decrease to a percentage equal to the number of Partnership Units held by such Partner divided by the aggregate number of Partnership Units outstanding after giving effect to such increase or decrease. If the Partners’ Percentage Interests are adjusted pursuant to this Section 4.6, the Profits and Losses for the taxable year in which the adjustment occurs shall be allocated between the part of the year ending on the day when the adjustment occurs and the part of the year beginning on the following day either (i) as if the taxable year had ended on the date of the adjustment or (ii) based on the number of days in each part. The General Partner, in its sole and absolute discretion, shall determine which method shall be used to allocate Profits and Losses for the taxable year in which the adjustment occurs. The allocation of Profits and Losses for the earlier part of the year shall be based on the Percentage Interests before adjustment, and the allocation of Profits and Losses for the later part shall be based on the adjusted Percentage Interests.

  • Maximum Advance Amount The amount of an Advance requested by the Company shall not exceed the Maximum Advance Amount. In addition, in no event shall the number of shares issuable to the Investor pursuant to an Advance cause the aggregate number of shares of Common Stock beneficially owned by the Investor and its affiliates to exceed nine and 9/10 percent (9.9%) of the then outstanding Common Stock of the Company. For the purposes of this section beneficial ownership shall be calculated in accordance with Section 13(d) of the Exchange Act.

  • Minimum Amounts and Maximum Number of Eurodollar Tranches Notwithstanding anything to the contrary in this Agreement, all borrowings, conversions, continuations and optional prepayments of Eurodollar Loans hereunder and all selections of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, (a) after giving effect thereto, the aggregate principal amount of the Eurodollar Loans comprising each Eurodollar Tranche shall be equal to $5,000,000 or a whole multiple of $1,000,000 in excess thereof and (b) no more than ten Eurodollar Tranches shall be outstanding at any one time.

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