INCREASE IN INITIAL BASE RENT Sample Clauses

INCREASE IN INITIAL BASE RENT. Beginning on the date (the "Adjustment Date") that is the first day of the first Fiscal Quarter commencing after the one (1) year anniversary of the Commencement Date, and on each Adjustment Date thereafter through and including the fourth (4th) Adjustment Date, the Annual Base Rent will increase by the lesser of (i) three percent (3%) of the Annual Base Rent payable for the immediately preceding year, or (ii) two hundred percent (200%) of the change in CPI from the immediately preceding fiscal year (the "Base Rent Escalator"); provided the January 1, 1998 increase shall be pro rated for the number of days in the Lease Term in 1997 divided by 365 and multiplied by the applicable Base Rent Escalator. In addition, if the Annual Base Rent is increased as provided in Section 4.5, then the Base Rent Escalator shall continue to apply to each of the five (5) years following such increase, with the increase effective on the anniversary of the increase in Base Rent as provided in Section 4.5 in lieu of increases on January of each year.
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INCREASE IN INITIAL BASE RENT. Beginning on January 1, 1999 and on each January 1 thereafter through and including January 1, 2003, the Annual Base Rent will increase by the lesser of (i) three percent (3%) of the Annual Base Rent payable for the immediately preceding year, or (ii) two hundred percent (200%) of the change in CPI from the immediately preceding fiscal year (the "Base Rent Escalator"). If Landlord provides Tenant with the Bunker Repair Funds as provided in Section 11.5, Annual Base Rent shall increase by an amount that is 10.5% of the Bunker Repair Funds. In addition, if the Annual Base Rent is increased as provided in Section 4.5, then the Base Rent Escalator shall continue to apply to each of the five (5) years following such increase, with the increase effective on the anniversary of the increase in Base Rent as provided in Section 4.5 in lieu of increases on January of each year.
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INCREASE IN INITIAL BASE RENT. Beginning on the date (the "Adjustment Date") that is the first day of the first Fiscal Quarter commencing after the one (1) year anniversary of the Commencement Date, and on each Adjustment Date thereafter through and including the fourth (4th) Adjustment Date, the Annual Base Rent will increase by the lesser of (i) four percent (4%) of the Annual Base Rent payable for the immediately preceding year, or (ii) two hundred percent (200%) of the change in CPI from the immediately preceding fiscal year (the "Base Rent Escalator"); provided that an additional amount shall be added to the first such increase (on April 1, 1999) to take into account that portion of the Lease Term existing from the Commencement Date until April 1, 1998, which additional amount shall be equal to: the product generated by multiplying the applicable Base Rent Escalator for 1999 (determined on April 1, 1999) by the number of days in the Lease Term from the Commencement Date until April 1, 1998, divided by 365. In addition, if the Annual Base Rent is increased as provided in Section 4.5, then, for each of the five (5) years following such increase, the Annual Base Rent will be further increased by the lesser of (i) three percent (3%) of the Annual Base Rent payable for the immediately preceding year, or (ii) two hundred percent (200%) of the change in CPI from the immediately preceding fiscal year, with the increase effective on the anniversary of the increase in Base Rent as provided in Section 4.5 in lieu of increases on January of each year.
Sample 1
INCREASE IN INITIAL BASE RENT. Beginning on the date (the "Adjustment Date") that is the first day of the first Fiscal Quarter commencing after the one (1) year anniversary of the Commencement Date, and on each Adjustment Date thereafter during the Term, including the Extended Term, Annual Base Rent will increase by the lesser of (i) two percent (2%) of the Annual Base Rent payable for the immediately preceding year, or (ii) two hundred percent (200%) of the change in CPI from the immediately preceding fiscal year (the "Base Rent Escalator").
Sample 1
INCREASE IN INITIAL BASE RENT. Beginning on the date (the "Adjustment Date") that is the first day of the first Fiscal Quarter commencing after the one (1) year anniversary of the Commencement Date, and on each Adjustment Date thereafter during the Term until Gross Golf Revenue for the prior Fiscal Year equals or exceeds Five Million Dollars ($5,000,000), Annual Base Rent will increase by the lesser of (i) three percent (3%) of the Annual Base Rent payable for the immediately preceding year, or (ii) two hundred fifty percent (250%) of the change in CPI from the immediately preceding fiscal year (the "Base Escalator"). Tenant shall be permitted to defer payment of the Base Escalator until such time as Gross Golf Revenue for any Fiscal Year equals or exceeds Five Million Dollars ($5,000,000), but only if and to the extent that Net Operating Income of the Property (exclusive of Tenant's debt service to any third party under any Leasehold Financing, if any), calculated in accordance with GAAP, is negative. Any amounts so deferred shall be payable from net operating income in subsequent years, and no positive distributions shall be made to any of the members or affiliates of Tenant so long as any deferred amounts are outstanding. For purposes of the calculation of net operating income pursuant to this Section 4.2, the operating expenses shall not exceed the pro forma amounts set forth in EXHIBIT C without the approval of Landlord, which approval shall not be unreasonably withheld or delayed.
Sample 1
INCREASE IN INITIAL BASE RENT. Beginning on January 1, 1999 and on each January 1 thereafter until this Lease is terminated, the Annual Base Rent will increase by five percent (5%) (the "Base Rent Escalator") of the Annual Base Rent payable for the immediately preceding year, provided the January 1, 1999 increase shall be pro rated for the number of days in the Lease Term in 1998 divided by 365 and multiplied by the applicable Base Rent Escalator. In addition to the foregoing, on the first day of each month following any disbursement by Landlord pursuant to Section 12.9, the Annual Base Rent will increase further for the remainder of the Initial Term and any Extended Term, by (i) 9% times (ii) the sum the Landlord delivered to the Tenant as reimbursement of Landlord Improvements and Additional Improvements pursuant to Section 12.9 in the prior month.
Sample 1

Related to INCREASE IN INITIAL BASE RENT

  • Increase in Interest Rate In the event that:

  • Increase in Insurance Premiums If an increase in any insurance premiums paid by Landlord for the Building is caused by Tenant's use of the Premises or if Tenant vacates the Premises and causes an increase in such premiums, then Tenant shall pay as additional rent the amount of such increase to Landlord.

  • INCREASE IN RETENTION A. If the Ceding Company should increase the retention limits as listed in Exhibit II, prompt written notice of the increase must be given to the Reinsurer.

  • Increase in Total Commitment (a) The Company may from time to time, by written notice to the Administrative Agent (which shall deliver a copy thereof to each Lender), request that the Total Commitment be increased by an amount not to exceed the Incremental Facility Amount at such time. Such notice shall set forth the amount of the requested increase in the Total Commitment (which shall be an integral multiple of $10,000,000) and the date on which such increase is requested to become effective (which shall not be less than 10 Business Days or more than 60 days after the date of such notice), and shall offer to each Lender the opportunity to increase its Commitment by its Pro Rata Percentage of the proposed increased amount. Each Lender shall, by notice to the Company and the Administrative Agent given not more than 10 days after the date on which the Administrative Agent shall have delivered the Company's notice, either agree to increase its Commitment by all or a portion of the offered amount (each Lender so agreeing being an "Increasing Lender") or decline to increase its Commitment (and any Lender that does not deliver such notice within such period of 10 days shall be deemed to have declined to increase its Commitment) (each Lender so declining or being deemed to have declined being a "Non-Increasing Lender"). In the event that, on the 10th day after the Administrative Agent shall have delivered the Company's notice, the Lenders shall have agreed pursuant to the preceding sentence to increase their Commitments by an aggregate amount less than the increase in the Total Commitment requested by the Company, the Company may arrange for one or more banks or other financial institutions (any such bank or other financial institution referred to in this clause (a) being called an "Augmenting Lender"), which may include any Lender, to extend Commitments or increase their existing Commitments in an aggregate amount equal to the unsubscribed amount; provided that each Augmenting Lender, if not already a Lender hereunder, shall be subject to the approval of the Administrative Agent and the Company and each Augmenting Lender shall execute all such documentation as the Administrative Agent shall specify to evidence its Commitment and/or its status as a Lender hereunder. Any increase in the Total Commitment may be made in an amount which is less than the increase requested by the Company if the Company is unable to arrange for, or chooses not to arrange for, Augmenting Lenders.

  • Fee Increases S&P reserves the right to increase its fees under this Order Schedule effective on the anniversary of the Commencement Date by providing at least sixty (60) days advance written notice to Licensee prior to the expiration of the Term then in effect.

  • Base Rent Lessee shall pay Base Rent and other rent or charges, as the same may be adjusted from time to time, to Lessor in lawful money of the United States, without offset or deduction, on or before the day on which it is due under the terms of this Lease. Base Rent and all other rent and charges for any period during the term hereof which is for less than one full month shall be prorated based upon the actual number of days of the month involved. Payment of Base Rent and other charges shall be made to Lessor at its address stated herein or to such other persons or at such other addresses as Lessor may from time to time designate in writing to Lessee.

  • Monthly Rent The rent payable pursuant to Paragraph 5.A., as adjusted from time to time pursuant to the terms of this Lease.

  • Minimum Monthly Rent 3.1.1 Tenant agrees to pay to Landlord a Minimum Monthly Rent, initially in the amount set forth in the Basic Provisions, during each month of the Term of this Lease. Minimum Monthly Rent for a period constituting less than a full month shall be prorated on the basis of a thirty (30)-day month.

  • Annual Base Rent Except as otherwise provided in this Lease, in the event of a default by Landlord, Tenant shall be entitled to any remedies available at law or in equity except for the right to terminate or rescind the Lease. It is expressly understood and agreed to between the parties that except as specifically provided in this Lease, Tenant expressly, knowingly, and voluntarily waives any right, claim, or remedy otherwise available to Tenant to terminate or rescind this Lease as a result of Landlord's default as to any covenant or agreement contained in this Lease or as a result of the breach of any promise or inducement allegedly made on behalf of Landlord, whether in this Lease or elsewhere. No act or omission of Landlord or its agents shall constitute an actual or constructive eviction of Tenant unless Landlord shall have first received written notice of Tenant's claim and shall have failed to cure it after having been afforded a reasonable time to do so, which in no event shall be less than thirty (30) days. Notwithstanding anything in this Lease to the contrary, Landlord shall never be liable to Tenant in the event of a default by Landlord or otherwise under any provision of this Lease for any loss of business or profits or other consequential damages or for punitive or special damages of any kind. None of Landlord's officers, members, managers, employees, agents, directors, shareholders, or partners shall ever have any personal liability to Tenant under or in connection with this Lease. Tenant shall look solely to Landlord's estate and interest in the Office Center for the satisfaction of any right or remedy of Tenant under this Lease, or for the collection of any judgment (or other judicial process) requiring the payment of money by Landlord, it being intended that there will be absolutely no personal liability on the part of Landlord, and no other property or assets of Landlord or its principals shall be subject to levy, execution, or other enforcement procedure for the satisfaction of Tenant's rights or remedies under this Lease, the relationship of Landlord and Tenant under this Lease, Tenant's use and occupancy of the Premises, or any other liability of Landlord to Tenant of whatever kind or nature, this exculpation of liability to be absolute and without exception whatsoever.

  • Increase in Limits If either Lessor or Lessee at any time deems the limits of the personal injury or property damage under the comprehensive public liability insurance then carried to be either excessive or insufficient, Lessor and Lessee shall endeavor in good faith to agree on the proper and reasonable limits for such insurance to be carried and such insurance shall thereafter be carried with the limits thus agreed on until further change pursuant to the provisions of this Article 13.

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