Increases to Minimum Rent. On each anniversary of the Commencement Date (each such annual date individually referred to as the "Adjustment Date") throughout the Initial Term and any Extended Terms, 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 one Adjustment Date to the then-current Adjustment Date; however, with the exception of the first year of each Extended Term, in no event will the annual change in the Minimum Rent be less than two percent nor more than five percent of the Minimum Rent for the prior year.
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 one 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. (c)
Increases to Minimum Rent. Commencing on the first anniversary date of the Commencement Date and on each anniversary date thereafter throughout the remainder of the Initial Term and any Extended Term (each such anniversary date individually being referred to as an "Adjustment Date"), the then current Minimum Rent shall be increased annually effective as of such Adjustment Date By 125% of the increase in the Consumer Price Index for the Base Period (as defined below); provided, however, if the increase in the Consumer Price Index for
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).
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.
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.
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.
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. (i)
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.
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.
