MINIMUM RENT DURING EXTENDED TERMS. At the commencement of each Lease Year during the Extended Term, monthly Minimum Rent shall be adjusted to an amount equal to Fair Market Rent, as provided in Section 19.2.
Appears in 2 contracts
Samples: Lease (Global Medical REIT Inc.), Lease (Global Medical REIT Inc.)
MINIMUM RENT DURING EXTENDED TERMS. At the commencement of each Lease Year during the Extended Term, monthly Minimum Rent shall be adjusted to an amount equal to the Fair Market Rent, as provided in Section 19.2.
Appears in 1 contract
Samples: Lease (Global Medical REIT Inc.)
MINIMUM RENT DURING EXTENDED TERMS. At the commencement of each Extended Term, monthly Minimum Rent shall be adjusted to the Fair Market Rent, and thereafter at the commencement of each Lease Year during the Extended Term, monthly the Minimum Rent shall be adjusted to increase by an amount equal to Fair Market Rent, as provided in Section 19.2one hundred two percent (102%) of the monthly Minimum Rent payable during the last full month of the preceding Lease Year.
Appears in 1 contract
MINIMUM RENT DURING EXTENDED TERMS. At the commencement of each Lease Year during the Extended Term, monthly Minimum Rent shall be adjusted to an amount equal to Fair Market Rent, as provided in Section 19.218.2.
Appears in 1 contract
Samples: Lease (Global Medical REIT Inc.)
