Inspection Fee. Tenant shall pay to Landlord, as an item of Additional Rent, an annual fee for Landlord's cost of inspecting the Facility (the "Inspection Fee"). The Inspection Fee shall be payable on January 30 of each Lease Year, including the Extended Term. The amount of the Inspection Fee shall be $2,000.00 for the payment due on January 30, 2004 for the first Lease Year, which amount shall increase each Lease Year by multiplying the Inspection Fee for the immediately preceding year by the increase in the CPI.
Appears in 3 contracts
Samples: Lease Agreement (Eldertrust), Lease Agreement (Eldertrust), Lease Agreement (Eldertrust)
Inspection Fee. Tenant shall pay to Landlord, as an item of Additional Rent, an annual fee for Landlord's cost of inspecting the Facility (the "Inspection Fee"). The Inspection Fee shall be payable on January 30 November 1 of each Lease Year, including the Extended Term. The amount of the Inspection Fee shall be $2,000.00 for the payment due on January 30November 1, 2004 for the first Lease Year, which amount shall increase each Lease Year by multiplying the Inspection Fee for the immediately preceding year by the increase in the CPI.
Appears in 2 contracts
Samples: Lease Agreement (Eldertrust), Lease Agreement (Eldertrust)
Inspection Fee. Tenant shall pay to Landlord, as an item of Additional Rent, an annual fee for Landlord's cost of inspecting the Facility (the "Inspection Fee"). The Inspection Fee shall be payable on January 30 February 1 of each Lease Year, including the Extended Term. The amount of the Inspection Fee shall be $2,000.00 for the payment due on January 30February 1, 2004 for the first Lease Year, which amount shall increase each Lease Year by multiplying the Inspection Fee for the immediately preceding year by the increase in the CPI.
Appears in 1 contract
Samples: Lease Agreement (Eldertrust)