Increases to Minimum Rent Sample Clauses

Increases to Minimum Rent. On each anniversary of the Commencement ------------------------- Date (each such annual date individually referred to as the "Adjustment Date") throughout the Term, the then-current Minimum Rent shall be increased annually effective as of such Adjustment Date by the increase in the Consumer Price Index from the Commencement Date to the first Adjustment Date and, thereafter, from the prior Adjustment Date to the then-current Adjustment Date, provided that in no event will the annual change in the Minimum Rent be more than 3.5% of the Minimum Rent for the prior year.
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Increases to Minimum Rent. The annual Minimum Rent due and payable for each year of the Lease Term, including each year of any Extension Term, shall increase annually on each anniversary of the Commencement Date, by three percent (3%) of the annual Minimum Rent for the immediately preceding year. However, for purposes of the second lease year, Minimum Rent for such second year shall be one hundred three percent (103%) of the Minimum Rent for Year One without the abatements provided for in Section 2.1(a).
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Increases to Minimum Rent. Minimum Rent due and payable for all years of the Lease Term following Year One of the Lease Term shall increase annually on each anniversary of the Commencement Date during the Term or Extension Term of this Lease at a rate of [******] per annum above the Minimum Rent payable for the immediately previous year.
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Increases to Minimum Rent event shall any such annual increase exceed three percent of the Minimum Rent in effect immediately prior to such Adjustment Date.
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Increases to Minimum Rent. On the first and second anniversary of the ---------------------------- Final Commencement Date the then-current Minimum Rent shall be increased, effective as of each such anniversary of the Final Commencement Date, by the percentage increase in the Gross Revenues over the prior twelve-month period times 50% (up to a maximum of $275,000) (the "Rent Cap"). [For example if the Gross Revenues as of the Final Commencement Date were $1,000,000 and the Gross Revenues as of the first anniversary of the Final Commencement Date were $1,500,000, then the increase to Minimum Rent as of the first anniversary of the Final Commencement Date would be $500,000 50% = $250,000]. In the event the Rent Cap is achieved as a result of the increase in Gross Revenues at one or more of the Facilities during the applicable period, the total increase to Minimum Rent in the second and third Lease Years shall be allocated among the affected Facilities on a pro rata basis based on the ratio of the increase in Gross Revenues at each affected Facility to the total increase in Gross Revenues at all of the affected Facilities. Beginning with the third anniversary date of the Final Commencement Date (the "Adjustment Date"), the then-current Minimum Rent shall be increased annually effective as of such Adjustment Date by the increase in the Consumer Price Index from the second anniversary date of the Final Commencement Date to the first Adjustment Date and, thereafter, from the prior Adjustment Date to the then-current Adjustment Date, provided that in no event will the annual change in the Minimum Rent be more than 3.5% of the Minimum Rent for the prior year. In addition to the increases to Minimum Rent provided in this Section 2.1(b), the Minimum Rent shall also be increased as provided in Section 35.11 of this Lease.
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Increases to Minimum Rent. On April 12, 1999, and on each anniversary of such date thereafter (each such annual date individually referred to as the "Adjustment Date") throughout the remainder of the Initial Term and any Extended Terms, the then-current Minimum Rent shall be increased annually effective at such Adjustment Date (i) in the case of the first Adjustment Date, by 93.889145% of the increase in the Consumer Price Index from April 12, 1997, to the date immediately preceding the first Adjustment Date and, (ii) in the case of each Adjustment Date thereafter, by 100% of the increase in the Consumer Price Index from the immediately preceding Adjustment Date to the date immediately preceding such Adjustment Date; provided that the increase on any Adjustment Date shall not exceed three percent of the Minimum Rent in effect on the date immediately preceding such Adjustment Date.
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Increases to Minimum Rent. During the initial term the Minimum Rent shall be increased effective on the first anniversary of the commencement date to an annual amount equal to Eighty Six Thousand Two Hundred Fifty Dollars ($86,250.00) payable in twelve (12) equal monthly installments each year of Seven Thousand One Hundred Eighty Seven Dollars fifty Cents ($7,187.50) on the first, (1st) day of each calendar month. During the extension term, Minimum Rent shall be equal to Ninety Five Percent (95%) of fair market rental value as determined in accordance with Exhibit D attached hereto and made a part hereof.
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Increases to Minimum Rent on each anniversary of the Commencement -------------------------- Date (each such anniversary being hereinafter referred to as an "Adjustment Date"), commencing with the Adjustment Date occurring on April 1, 1996 and continuing throughout the remainder of the Fixed Term and any Extended Terms, the then-current Minimum Rent shall be increased effective as of such Adjustment Date (i) in the case of the Adjustment Date occurring on April 1, 1996, by the increase in the Consumer Price Index from the Commencement Date to the date immediately preceding said Adjustment Date, and (ii) in the case of each Adjustment Date thereafter, by the increase in the Consumer Price Index from the immediately preceding Adjustment Date to the date immediately preceding such Adjustment Date; provided that in no event shall any -------- such annual increase exceed three percent of the Minimum Rent in effect immediately prior to such Adjustment Date.
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Increases to Minimum Rent. (a) Subject to pro-ration as set forth in Section 3.1.3 below, the initial Minimum Rent shall be equal to the sum of the amounts set forth for all of the Facilities under the heading “Initial Annual Allocated Minimum Rent” on each of Exhibit A-1 and Exhibit A-2 attached hereto. Thereafter, and subject to any increases on account of any Capital Project Funding Amounts funded by Lessor for any Applicable Facility pursuant to Section 3.1.2(b) below, the Minimum Rent for each subsequent month shall be equal to the sum of the Allocated Minimum Rent for each Facility for such month, as the same may be increased for all Facilities at the commencement of each new Rent Year pursuant to the terms set forth in Schedule 3.1.2 attached hereto. If any increase in Allocated Minimum Rent for any Facility as provided for in this Section 3.1.2 (a) or Schedule 3.1.2 attached hereto shall not have been made at the commencement of the applicable Rent Year, Lessee shall continue to pay monthly Allocated Minimum Rent for such Facility and Minimum Rent for all Facilities at the last rate applicable until Lessee receives Lessor’s written notice as to such increase. Within ten (10) days after Lessee’s receipt of Lessor’s notice, Lessee shall pay to Lessor an amount equal to the new monthly Allocated Minimum Rent for such Facility and Minimum Rent for all Facilities times the number of months from the commencement of the then current Rent Year to the date of receipt of Lessor’s notice, less the aggregate amount paid by Lessee on account of monthly Allocated Minimum Rent for such Facility and Minimum Rent for all Facilities for the same period. Thereafter, Lessee shall pay monthly Allocated Minimum Rent for such Facility and Minimum Rent for all Facilities for the applicable period at the new rate set forth in Lessor’s notice. (b) If at any time Lessor funds any portion of the Capital Project Lessor Funding Amount with respect to an Applicable Facility in accordance with Section 9.8, the then-current Allocated Minimum Rent for such Applicable Facility (and the then-current Minimum Rent for all Facilities) shall be increased for such Applicable Facility on the date of such funding (with respect to periods from and after the date of such funding) by an amount equal to the product of (a) the amount so funded and (b) the Lease Rate. No such increase in Allocated Minimum Rent for any Facility pursuant the previous sentence shall be payable until Lessee receives Lessor’s written notice as ...
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Related to Increases to Minimum Rent

  • Minimum Rent The defined term “Minimum Rent” set forth in Section 1.66 of the Lease is deleted in its entirety and replaced with the following:

  • Monthly Rent a. Commencing as of the Commencement Date, and continuing thereafter on or before the first day of each calendar month during the term hereof, Tenant shall pay to Landlord, as monthly rent for the Premises, the Monthly Rent specified in Paragraph 2 above. If Tenant’s obligation to pay Monthly Rent hereunder commences on a day other than the first day of a calendar month, or if the term of this Lease terminates on a day other than the last day of a calendar month, then the Monthly Rent payable for such partial month shall be appropriately prorated on the basis of a thirty (30)-day month. Monthly Rent and the Additional Rent specified in Paragraph 7 shall he paid by Tenant to Landlord, in advance, without deduction, offset, prior notice or demand, in immediately available funds of lawful money of the United States of America, or by good check as described below, to the lockbox location designated by Landlord, or to such other person or at such other place as Landlord may from time to time designate in writing. Payments made by check must be drawn either on a California financial institution or on a financial institution that is a member of the federal reserve system. Notwithstanding the foregoing, Tenant shall pay to Landlord together with Tenant’s execution of this Lease an amount equal to the Monthly Rent payable for the first full calendar month of the Lease term after Tenant’s obligation to pay Monthly Rent shall have commenced hereunder, which amount shall be applied to the Monthly Rent first due and payable hereunder. b. All amounts payable by Tenant to Landlord under this Lease, or otherwise payable in connection with Tenant’s occupancy of the Premises, in addition to the Monthly Rent hereunder and Additional Rent under Paragraph 7, shall constitute rent owed by Tenant to Landlord hereunder. c. Any rent not paid by Tenant to Landlord when due shall bear interest from the date due to the date of payment by Tenant at an annual rate of interest (the “Interest Rate”) equal to the lesser of (i) twelve percent (12%) per annum or (ii) the maximum annual interest rate allowed by law on such due date for business loans (not primarily for personal, family or household purposes) not exempt from the usury law. Notwithstanding the foregoing, Landlord shall give Tenant notice of non-payment of rent when due and five (5) days after delivery of such notice to cure such non-payment once in each calendar year before assessing interest in such calendar year pursuant to this Paragraph 5.c. Failure by Tenant to pay rent when due, including any interest accrued under this subparagraph, shall constitute an Event of Default (as defined in Paragraph 25 below) giving rise to all the remedies afforded Landlord under this Lease and at law for nonpayment of rent. d. No security or guaranty which may now or hereafter be furnished to Landlord for the payment of rent due hereunder or for the performance by Tenant of the other terms of this Lease shall in any way be a bar or defense to any of Landlord’s remedies under this Lease or at law. e. Notwithstanding anything to the contrary in this Lease: (i) in no event may any rent under this Lease be based in whole or in part on the income or profits derived from the Premises, except for percentage rent based on gross (not net) receipts or sales; (ii) if the holder of a Superior Interest (as defined in Paragraph 21 below) succeeds to Landlord’s interest in the Lease (“Successor Landlord”) and the Successor Landlord is advised by its counsel that all or any portion of the rent payable under this Lease is or may be deemed to be “unrelated business income” within the meaning of the Internal Revenue Code or regulations issued thereunder, such Successor Landlord may, at its option, unilaterally amend the calculation of rent so that none of the rent payable to Landlord under the Lease will constitute “unrelated business income,” but the amendment will not increase Tenant’s payment obligations or other liability under this Lease or reduce the Landlord’s obligations under this Lease and (iii) upon the Successor Landlord’s request, Tenant shall execute any document such holder deems necessary to effect the foregoing amendment to this Lease.

  • Basic Rent The periodic rent payable for the Aircraft throughout the Basic Term pursuant to Section 3.02 of the Lease, adjusted pursuant to Article 3 of the Lease. Basic Term. The period commencing at the beginning of the day on the Delivery Date and ending at the end of the day on July 15, 2023, or such earlier date on which the Lease shall be terminated as provided therein.

  • Base Rental (a) Lessee hereby agrees to pay to Lessor, without setoff or deduction whatsoever, in accordance with the Schedule of Base Rent attached hereto as EXHIBIT D ("Base Rental). Lessee shall also pay, as additional rent [or Forecast Additional Rent ], all such other sums of money as shall become due from and payable by Lessee to Lessor under this Lease (Base Rental, any adjustment thereto pursuant to Section 4 hereof, and all such other sums of money due from and payable by Lessee pursuant to this Lease are sometimes hereinafter collectively called "rent"), for the nonpayment of which Lessor shall be entitled to exercise all such rights and remedies as are herein provided in the case of the nonpayment of Base Rental. The annual Base Rental, together with any adjustment or increase thereto then in effect, shall be due and payable in advance in twelve (12) equal installments on the first 1st day of each calendar month during the term of this Lease, and Lessee hereby agrees so to pay such Base Rental and any adjustment or increase thereto to Lessor at Lessor's address provided herein (or such other address as may be designated by Lessor in writing from time to time) monthly, in advance, and without demand. If the term of this Lease commences on a day other than first (1st) day of a month or terminates on a day other than the last day of a month, then the installments of Base Rental and any adjustments thereto for such month or months shall be prorated, and the installment or installments so prorated shall be paid in advance. (b) In the event any installment of the Base Rental, or any other sums which may become owing by Lessee to Lessor under the provisions hereof are not received within Five (5) days after the due date thereof (without in any way implying Lessor's consent to such late payment), Lessee, to the extent permitted by law, agrees to pay, in addition to said installment of the Base Rental or such other sums owed, a late payment charge equal to ten percent (10%) (Late Fee) of the installment of the Base Rental or such other sums owed. Notwithstanding the foregoing, the foregoing late charges shall not apply to any sums which have been advanced by Lessor to or for the benefit of Lessee pursuant to the provisions of this Lease, it being understood that such sums shall bear interest, which Lessee hereby agrees to pay to Lessor, at the lesser of fifteen percent (15%) per annum or the maximum rate of interest permitted by law to be charged Lessee for the use or forbearance of such money.

  • 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.

  • Minimum Monthly Rent (Section 1.5): Tenant shall pay to Landlord Minimum Monthly Rent for the Premises during the Extended Term in accordance with the schedule and in the amount set forth below: 01/01/13-07/31/13 $ 1,776.25 per month $ 8,645.00 per month $ 10,421.25 per month 08/01/13-07/31/14 $ 1,827.00 per month $ 8,892.00 per month $ 10,719.00 per month 08/01/14-07/31/15 $ 1,877.75 per month $ 9,139.00 per month $ 11,016.75 per month

  • Basic Rental Tenant agrees to pay to Landlord during the Term hereof, at Landlord's office or to such other person or at such other place as directed from time to time by written notice to Tenant from Landlord, the monthly and annual sums as set forth in Article 1.C. of the Basic Lease Provisions, payable in advance on the first (1st) day of each calendar month, without demand, setoff or deduction, and in the event this Lease commences or the date of expiration of this Lease occurs other than on the first (1st) day or last day of a calendar month, the rent for such month shall be prorated. Notwithstanding anything to the contrary contained herein and provided that Tenant faithfully performs all of the terms and conditions of this Lease, Landlord hereby agrees to xxxxx Tenant's obligation to pay monthly Basic Rental for the second (2nd) and third (3rd) full calendar months of the initial Lease Term. During such abatement periods, Tenant shall still be responsible for the payment of all of its other monetary obligations under this Lease. In the event of a default by Tenant under the terms of this Lease that results in early termination pursuant to the provisions of Section 20(a) of this Lease, then as a part of the recovery set forth in Article 20 of this Lease, Landlord shall be entitled to the recovery of the monthly Basic Rental that was abated under the provisions of this Section 3(a). The amount of Basic Rental to be abated pursuant to this Section 3(a) above may be referred herein as "Abated Rent Amount." Notwithstanding the foregoing or anything to contrary contained herein, upon written notice to Tenant, Landlord shall have the option to purchase all or any portion of Tenant's Abated Rent Amount by paying such amount to Tenant, in which case the amount so paid to Tenant shall nullify an equivalent amount of abatement of Tenant's Basic Rental as to the period so designated by Landlord in Landlord's written notice to Tenant. In addition, notwithstanding the foregoing, the first full month's Basic Rental shall be paid to Landlord in accordance with Article 1.J. of the Basic Lease Provisions and, if the Commencement Date is not the first day of a month, Basic Rental for the partial month commencing as of the Commencement Date shall be prorated based upon the actual number of days in such month and shall be due and payable upon the Commencement Date.

  • Month-to-Month Lease The Tenant shall be allowed to occupy the Premises on a month-to-month arrangement starting on , 20 and ending upon notice of days from either Party to the other Party (“Lease Term”).

  • Base Monthly Rent Commencing on the Commencement Date and continuing throughout the Lease Term, Tenant shall pay to Landlord the Base Monthly Rent set forth in Section K of the Summary.

  • Lease Year Lease Year" means each consecutive twelve-month period beginning with the Commencement Date, except that if the Commencement Date is not the first day of a calendar month, then the first Lease Year shall be the period from the Commencement Date through the final day of the twelve months after the first day of the following month, and each subsequent Lease Year shall be the twelve months following the prior Lease Year.

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