Minimum Rent Increase. Each time Landlord funds a Draw (as hereinafter defined), Minimum Rent for BSA Hospital, LLC for the BSA Facility shall increase, effective on the date of such Draw by an annual amount equal to the product of the aggregate amount of the Draws funded on that date multiplied by [***] (each, a “NHCC Project Increase”), and thereafter the amount of Minimum Rent payable under the Master Lease shall increase in accordance with Section 4.1.2 thereof. If Landlord funds a Draw on a day other than the first day of a calendar month, then the first installment of the NHCC Project Increase associated with that Draw will be prorated based on the number of days in the month falling on and after the date the Draw is funded over the total number of days in the month and will be due with the next scheduled installment of Minimum Rent Effective upon the date each Draw is funded, and without further action of the parties, the Tenant’s Proportionate Share for each Facility shall be recalculated so that each Tenant shall have a Tenant’s Proportionate Share equal to the percentage that the Minimum Rent allocable to the Facility(ies) operated by such Tenant (including all NHCC Project Increases) comprises of the aggregate Minimum Rent for all Facilities included in the Master Lease (including all NHCC Project Increases) and so that the aggregate of all Tenant’s Proportionate Shares equals 100%. Xxxxxxxx’s books and records will reflect the amount of Minimum Rent payable annually (absent manifest error) under the Master Lease on each Draw and the updated Tenant’s Proportionate Share and, upon request by Xxxxxx, Landlord will promptly provide this information to Tenant.
Minimum Rent Increase. Notwithstanding any provision herein contained, the base monthly rent due under the terms hereof shall at no time be less than, as to the initial term, the original base rent provided for in Section 0 above and as to an extended term, the base rent determined under Section 0 above, and the annual adjustment in the base monthly rent as set forth in Section 0 above shall at no time be less than four percent (4%) per year over the previous year's base monthly rent.
