Fixed Rent Adjustment Clause Samples
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Fixed Rent Adjustment. From and after the effective date of the Insubstantial Condemnation, Fixed Rent shall, except as otherwise provided in Section 14.2.3, be adjusted as follows. New Fixed Rent shall equal Fixed Rent, as it would have been determined without regard to the Insubstantial Condemnation, multiplied by a fraction whose numerator is the total value of applicable Property after the Insubstantial Condemnation and whose denominator is the total value of the applicable Property immediately before the effective date of such Insubstantial Condemnation and without considering such Insubstantial Condemnation or the expectation thereof.
Fixed Rent Adjustment. On March 1, 2013 (the “First Adjustment Date”), the Fixed Rent shall increase by three percent (3%). Thereafter during the Term, the Fixed Rent shall increase by three percent (3%) on each date (each an “Adjustment Date”) that is the third (3rd) anniversary of the First Adjustment Date or the most recent prior Adjustment Date, as applicable.
Fixed Rent Adjustment. As described in Section 4.02.
Fixed Rent Adjustment. ARTICLE 5. SECURITY ARTICLE 6.
Fixed Rent Adjustment. A. As used in, and for the purposes of this Article:
Fixed Rent Adjustment. As of the New Premises Commencement Date, the per annum fixed rental rate for the Premises shall be as follows:
(i) Ninety-Eight Thousand Five Hundred Dollars ($98,500) for the period from the New Premises Commencement Date through January 31, 2006; and
(ii) One Hundred Eleven Thousand One Hundred Dollars ($111,100) for the period February 1, 2006 through January 31, 2014. Notwithstanding the preceding sentence, so long as Tenant is not then in default beyond the expiration of any applicable notice and cure periods set forth in the Lease, Tenant shall be entitled to an abatement of fixed rent, in the amount of Ten Thousand Dollars ($10,000), to be applied against fixed rent due for the period commencing on the New Premises Commencement Date and ending when such rent abatement amount has been fully applied ("FIXED RENT ABATEMENT PERIOD"). During the Fixed Rent Abatement Period, Tenant shall be liable to perform all of its other obligations under the Lease, including, without limitation, the payment of additional rent.
Fixed Rent Adjustment