Minimum Rent Adjustments. During the Term, Tenant shall pay to Landlord as minimum rent (“Minimum Rent”) the amounts set forth in this Section 4.1.
Minimum Rent Adjustments. Starting on the first January 1 following the Lease Commencement Date, and each January 1 thereafter (each, an “Adjustment Date”), the Minimum Base Rent payable under this Lease shall be increased as follows:
Minimum Rent Adjustments. As used in this Lease, the term "Lease Year" shall mean the twelve (12) month period commencing on the Rent Commencement Date and ending on the day immediately preceding the first (1st) anniversary of the Rent Commencement Date, and each successive twelve (12) month period thereafter during the Term. On the first day of the second and each subsequent Lease year (each of such dates being herein referred to as an "Adjustment Date"), the annual Minimum Rent shall be increased to an amount equal to (a) the Initial Minimum Rent, plus (b) an amount equal to the Initial Minimum Rent multiplied by the product of five (5) times the percentage increase in the Index (as hereinafter defined) for the month preceding the applicable Adjustment Date as compared to the Index for the month during which this Lease is fully-executed by Landlord and Tenant; provided, however, in no event shall the Minimum Rent following an Adjustment Date be less than the Minimum Rent prior to such Adjustment Date and in no event shall the Minimum Rent be so increased so as to exceed the following amounts: For the second Lease Year, 102.5% of the Initial Minimum Rent; For the third Lease Year, 105.06% of the Initial Minimum Rent; For the fourth Lease Year, 107.689% of the Initial Minimum Rent; For the fifth Lease Year, 110.381% of the Initial Minimum Rent; For the sixth Lease Year, 113.141% of the Initial Minimum Rent; For the seventh Lease Year, 115.969% of the Initial Minimum Rent; For the eighth Lease Year, 118.869% of the Initial Minimum Rent; For the ninth Lease Year, 121.840% of the Initial Minimum Rent; For the tenth Lease Year, 124.886% of the Initial Minimum Rent; For the eleventh Lease Year, 128.009% of the Initial Minimum Rent; For the twelfth Lease Year, 131.209% of the Initial Minimum Rent; For the thirteenth Lease Year, 134.489% of the Initial Minimum Rent; For the fourteenth Lease Year, 137.851% of the Initial Minimum Rent; For the fifteenth Lease Year, 141.297% of the Initial Minimum Rent; For the sixteenth Lease Year, 144.83% of the Initial Minimum Rent; For the seventeenth Lease Year, 148.441% of the Initial Minimum Rent; For the eighteenth Lease Year, 152.162% of the Initial Minimum Rent; For the nineteenth Lease Year, 155.966% of the Initial Minimum Rent; For the twentieth Lease Year, 159.865% of the Initial Minimum Rent.
Minimum Rent Adjustments. As used in this Lease, the term "Lease Year" shall mean the twelve (12) month period commencing on the Commencement Date and ending on the day immediately preceding the first (1st) anniversary of the Commencement Date (if the Commencement Date occurs on the first day of a month) or the last day of the month during which the first anniversary of the Commencement Date occurs (if the Commencement Date occurs on a day other than the first day of a month), and each successive twelve (12) month period thereafter during the Term. On the first day of the sixth (6th), eleventh (11th) and sixteenth (16th) Lease Years (each of such dates being herein referred to as an "Adjustment Date"), the annual Minimum Rent shall be increased as follows: For the sixth (6th) through the tenth (10th) Lease Years, the sum of One Hundred Twenty-One Thousand and No/100 Dollars ($121,000.00) per annum; For the eleventh (11th) through the fifteenth (15th) Lease Years, the sum of One Hundred Thirty-Three Thousand One Hundred and No/100 Dollars ($133,100.00) per annum; For the sixteenth (16th) through the twentieth (20th) Lease Years, the sum of One Hundred Forty-Six Thousand Four Hundred Ten and No/100 Dollars ($146,410.00) per annum. The Minimum Rent for the twenty-first (21st) through the twenty-fifth (25th) Lease Years (if the Term of this Lease is extended for the first Extended Term) shall be One Hundred Sixty-One Thousand Fifty-One and No/100 Dollars ($161,051.00) per annum; the Minimum Rent for the twenty-sixth (26th) through the thirtieth (30th) Lease Years (if the Term of this Lease is extended for the second Extended Term) shall be One Hundred Seventy-Seven Thousand One Hundred Fifty-Six and No/100 Dollars ($177,156.00) per annum; the Minimum Rent for the thirty-first (31st) through the thirty-fifth (35th) Lease Years (if the Term of this Lease is extended for the third Extended Term) shall be One Hundred Ninety-Four Thousand Eight Hundred Seventy-Two and No/100 Dollars ($194,872.00) per annum; and the Minimum Rent for the thirty-sixth (36th) through the fortieth (40th) Lease Years (if the Term of this Lease is extended for the fourth Extended Term) shall be Two Hundred Fourteen Thousand Three Hundred Fifty-Nine and No/100 Dollars ($214,359.00).
Minimum Rent Adjustments. The Minimum Rent set forth above shall be subject to adjustment on the commencement of the sixty-first (61st) month and the one hundred twenty-first (121st) month of the Sublease Term (the "Adjustment Dates"), pursuant to the corresponding increase in the "Index," set forth in Paragraph 6.(b)(1) of the Master Lease, which has occurred during the five year period immediately preceding the Adjustment Date, subject to the following restrictions: regardless of the actual increase in the Index during the five year period immediately preceding the Adjustment Date, the adjustment to the Minimum Rent at each Adjustment Date shall not be less than the cumulative effect of a three percent (3%) annual increase (15.93%), and shall not be greater than the cumulative effect of a six percent (6%) annual increase (33.82%).
Minimum Rent Adjustments
