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.
Appears in 2 contracts
Samples: Lease Agreement (Emeritus Corp\wa\), Lease Agreement (Emeritus Corp\wa\)
Increases to Minimum Rent. On each anniversary of the Commencement ------------------------- Date (each such annual date individually referred to as the "βAdjustment Date"β) throughout the Termremainder of the Fixed Term and any Extended Terms, the then-current Minimum Rent shall be increased annually effective as of at 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 one Adjustment Date to the then-current Adjustment Date, ; provided that in no event will the annual change in the Minimum Rent such increase shall not be more greater than 3.5% of the Minimum Rent for the prior yearfive percent nor less than two percent.
Appears in 2 contracts
Samples: Assignment and Assumption of Lease (Global Medical REIT Inc.), Assignment and Assumption of Lease (Global Medical REIT Inc.)
Increases to Minimum Rent. On each anniversary of the Commencement ------------------------- Date (each such annual date individually referred to as the "Adjustment Date") throughout the TermInitial 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 the prior one Adjustment Date to the then-current Adjustment Date; however, provided that 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 3.5% five percent of the Minimum Rent for the prior year.
Appears in 2 contracts
Samples: Lease Agreement (Integrated Living Communities Inc), Lease Agreement (Integrated Living Communities Inc)
Increases to Minimum Rent. On each 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 annual anniversary date individually being referred to as the an "Adjustment Date") throughout the Term), the then-then current Minimum Rent shall be increased annually effective as of such Adjustment Date by By 125% of the increase in the Consumer Price Index from for the Commencement Date to Base Period (as defined below); provided, however, if 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 increase in the Minimum Rent be more than 3.5% of the Minimum Rent for the prior year.Consumer Price Index for
Appears in 2 contracts
Samples: Lease Agreement (Balanced Care Corp), Lease Agreement (Balanced Care Corp)
Increases to Minimum Rent. On each anniversary of the ------------------------- Commencement ------------------------- Date (each such annual date individually referred to as the "Adjustment Date") throughout the TermInitial 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 an amount equal 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% three percent of the Minimum Rent in effect for the prior yearprevious twelve- month period.
Appears in 1 contract
Samples: Master Development Agreement (Grand Court Lifestyles Inc)
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-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 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)
Appears in 1 contract
Samples: Lease Agreement (Emeritus Corp\wa\)
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.
Appears in 1 contract
Samples: Lease Agreement (Emeritus Corp\wa\)
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 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.
Appears in 1 contract
Samples: Lease Agreement (Emeritus Corp\wa\)