Common use of Initial Term Rent Clause in Contracts

Initial Term Rent. During the Initial Term, “Minimum Rent” per Lease Year is equal to the Landlord’s Investment (as defined below) multiplied by nine percent (9.0%). Commencing with the second (2nd) Lease Year (which shall commence on April 1, 2006) and continuing thereafter during the Term (excluding the first Lease Year of any Rxxxxxx Xxxx), Xxxxxx agrees to pay “Additional Rent” to Landlord monthly in advance together with the payment of Minimum Rent. Such Additional Rent (which shall be expressed as an annual amount but shall be payable in equal monthly installments) shall be equal to the sum of (i) the Additional Rent for the immediately preceding Lease Year and (ii) the product of the Minimum Rent and Additional Rent due for the immediately preceding Lease Year and the lesser of (A) three percent (3.0%), or (B) a percentage equal to four (4) times the percentage increase (the "CPI Increase") in the United States Department of Labor, Bureau of Labor Statistics Consumer Price Index for All Urban Wage Earners and Clerical Workers, United States Average, Subgroup "All Items" (1982 - 1984 = 100) (the "CPI"). In no event shall the CPI Increase be a negative number. The applicable CPI Increase shall be calculated annually for each Lease Year by comparing the CPI in effect on the first calendar day of the Lease Year for which Additional Rent is being calculated to the first calendar day of the immediately preceding Lease Year.

Initial Term Rent. During the Initial Term, “Minimum Rent” per Lease Year is equal to the Landlord’s Investment (as defined below) multiplied by nine percent (9.0%). Commencing with the second (2nd) Lease Year (which shall commence on April 1, 2006) and continuing thereafter during the Term (excluding the first Lease Year of any Rxxxxxx XxxxRenewal Term), Xxxxxx Tenant agrees to pay “Additional Rent” to Landlord monthly in advance together with the payment of Minimum Rent. Such Additional Rent (which shall be expressed as an annual amount but shall be payable in equal monthly installments) shall be equal to the sum of (i) the Additional Rent for the immediately preceding Lease Year and (ii) the product of the Minimum Rent and Additional Rent due for the immediately preceding Lease Year and the lesser of (A) three percent (3.0%), or (B) a percentage equal to four (4) times the percentage increase (the "CPI Increase") in the United States Department of Labor, Bureau of Labor Statistics Consumer Price Index for All Urban Wage Earners and Clerical Workers, United States Average, Subgroup "All Items" (1982 - 1984 = 100) (the "CPI"). In no event shall the CPI Increase be a negative number. The applicable CPI Increase shall be calculated annually for each Lease Year by comparing the CPI in effect on the first calendar day of the Lease Year for which Additional Rent is being calculated to the first calendar day of the immediately preceding Lease Year. Notwithstanding the foregoing, at all times during which any amounts remain outstanding under the terms of the Xxxxx Fargo Loan Documents (as hereinafter defined) the annual Minimum Rent payable from Tenant to Landlord hereunder shall be increased by Ninety-Five Thousand Dollars ($95,000) and shall be paid in advance by Tenant in equal monthly installments as provided in Section 2.5 below.

Initial Term Rent. (a) During the Initial Term, “the annual "Minimum Rent” per Lease Year is " shall be an amount equal to the sum of (i) Landlord’s 's Camelot Investment (as defined below) multiplied by nine eight and sixty one-hundredths percent (9.08.60%), (ii) Landlord's Lakeview/HillenVale Investment multiplied by eight and seventy one-hundredths percent (8.70%), (iii) Landlord's Ridgewood Investment multiplied by eight and seventy one-hundredths percent (8.70%), and Landlord's North Hills/Medina Investment multiplied by eight and fifty one-hundredths percent (8.50%) (each rate, the "Lease Rate" for such Facility), payable in advance in twelve (12) equal monthly installments. Commencing with the second (2nd) Lease Year (which shall commence on April 1, 2006) and continuing thereafter during the Term (excluding the first Lease Year of any Rxxxxxx XxxxRenewal Term), Xxxxxx Tenant agrees to pay “"Additional Rent” " to Landlord monthly in advance together with the payment of Minimum Rent. Such Additional Rent (which shall be expressed as an annual amount but shall be payable in equal monthly installments) shall be equal to the sum of (i) the Additional Rent for the immediately preceding Lease Year and (ii) the product of (A) the Minimum Rent and Additional Rent due for the immediately preceding Lease Year and (B) the lesser of (Ax) three percent (3.0%), ) or (By) a percentage equal to four five (45) times the percentage increase (the "CPI Increase") in the United States Department of Labor, Bureau of Labor Statistics Consumer Price Index for All Urban Wage Earners and Clerical Workers, United States Average, Subgroup "All Items" (1982 - –1984 = 100) (the "CPI"). In no event shall the CPI Increase be a negative number. The applicable CPI Increase shall be calculated annually for each Lease Year by comparing the CPI in effect on the first calendar day of the Lease Year for which Additional Rent is being calculated to the first calendar day of the immediately preceding Lease Year.

Initial Term Rent. (a) During the Initial Term, “the annual "Minimum Rent” per Lease Year is " shall be an amount equal to the sum of (i) Landlord’s 's Camelot Investment (as defined below) multiplied by nine eight and sixty one-hundredths percent (9.08.60%), (ii) Landlord's Lakeview/HillenVale Investment multiplied by eight and seventy one-hundredths percent (8.70%), and (iii) Landlord's Ridgewood Investment multiplied by eight and seventy one-hundredths percent (8.70%) (each rate, the "Lease Rate" for such Facility), payable in advance in twelve (12) equal monthly installments. Commencing with the second (2nd) Lease Year (which shall commence on April 1, 2006) and continuing thereafter during the Term (excluding the first Lease Year of any Rxxxxxx XxxxRenewal Term), Xxxxxx Tenant agrees to pay “"Additional Rent” " to Landlord monthly in advance together with the payment of Minimum Rent. Such Additional Rent (which shall be expressed as an annual amount but shall be payable in equal monthly installments) shall be equal to the sum of (i) the Additional Rent for the immediately preceding Lease Year and (ii) the product of (A) the Minimum Rent and Additional Rent due for the immediately preceding Lease Year and (B) the lesser of (Ax) three percent (3.0%), ) or (By) a percentage equal to four five (45) times the percentage increase (the "CPI Increase") in the United States Department of Labor, Bureau of Labor Statistics Consumer Price Index for All Urban Wage Earners and Clerical Workers, United States Average, Subgroup "All Items" (1982 - –1984 = =100) (the "CPI"). In no event shall the CPI Increase be a negative number. The applicable CPI Increase shall be calculated annually for each Lease Year by comparing the CPI in effect on the first calendar day of the Lease Year for which Additional Rent is being calculated to the first calendar day of the immediately preceding Lease Year.

Initial Term Rent. (a) During the Initial Term, “the annual "Minimum Rent” per Lease Year is " shall be an amount equal to the sum of (I) Landlord’s 's Camelot Investment (as defined below) multiplied by nine eight and sixty one-hundredths percent (9.08.60%), and (II) Landlord's Lakeview/HillenVale Investment multiplied by eight and seventy one-hundredths percent (8.70%) (the "Lease Rate"), payable in advance in twelve (12) equal monthly installments. Commencing with the second (2nd) Lease Year (which shall commence on April 1, 2006) and continuing thereafter during the Term (excluding the first Lease Year of any Rxxxxxx XxxxRenewal Term), Xxxxxx Tenant agrees to pay “"Additional Rent” " to Landlord monthly in advance together with the payment of Minimum Rent. Such Additional Rent (which shall be expressed as an annual amount but shall be payable in equal monthly installments) shall be equal to the sum of (i) the Additional Rent for the immediately preceding Lease Year and (ii) the product of (A) the Minimum Rent and Additional Rent due for the immediately preceding Lease Year and (B) the lesser of (Ax) three percent (3.0%), ) or (By) a percentage equal to four five (45) times the percentage increase (the "CPI Increase") in the United States Department of Labor, Bureau of Labor Statistics Consumer Price Index for All Urban Wage Earners and Clerical Workers, United States Average, Subgroup "All Items" (1982 - –1984 = 100) (the "CPI"). In no event shall the CPI Increase be a negative number. The applicable CPI Increase shall be calculated annually for each Lease Year by comparing the CPI in effect on the first calendar day of the Lease Year for which Additional Rent is being calculated to the first calendar day of the immediately preceding Lease Year.