Modification of Rent Sample Clauses

Modification of Rent. Commencing on January 1, 2024, the current Rent payable under the Agreement shall be Two Thousand One Hundred Seventy-Three and 50/100 Dollars ($2,173.50) per month, and shall continue during the Term, subject to adjustment, if any, as provided below. In the event of any overpayment of Rent prior to or after the Effective Date, Lessee shall have the right to deduct from any future Rent payments an amount equal to the overpayment amount.
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Modification of Rent. Section 3 of the Lease is hereby deleted and replaced with the following:
Modification of Rent. Commencing on July 29, 2011, the rent payable for the first year of the Third Extended Term (July 29, 2011 through July 28, 2012) shall be $30,000.00 annually, and shall continue during the Third Extended Term. The annual rental payment shall be due and payable in advance on July 29th of each year of the Third Extended Term.
Modification of Rent. Commencing on September 1, 2018, the Rent payable under the Agreement shall be $2,500.00 monthly, and shall continue during the Term, subject to adjustment as provided below.
Modification of Rent. Effective as of the Effective Date (as defined below), Section 3(a) is deleted in its entirety and replaced with the following:
Modification of Rent. Beginning on the Assignment Commencement Date, -------------------- Assignee agrees to pay to Landlord, at the address set forth in Section 9 hereinbelow, Annual Rent in the amount of Three Hundred Eighty Three Thousand Six Hundred Twenty-One and 04/100 Dollars ($383,621.04) for the Lease Term, payable in monthly installments of Thirty One Thousand Nine Hundred Sixty-Eight and 42/100 Dollars ($31,968.42) in accordance with the terms and conditions of the Lease. Assignee shall continue to pay all additional rent and other sums payable under the Lease accruing from and after the Assignment Commencement Date pursuant to the terms and conditions of the Lease.
Modification of Rent. The rents payable in monthly installments pursuant to Paragraph 5 A of the Lease shall, for the first six (6) months beginning January 1, 1997, be Two Hundred Fifty-Five Thousand, Forty-Forty Dollars ($255,044.00) and thereafter annually on July 1st of each of the next six (6) years consecutively following, such annual rent shall increase by Eleven Thousand, Eight Hundred Sixty-Three Dollars ($11,863.00) over the annual rent for the preceding year and thereafter for the remaining eight (8) years of the term (beginning July 1, 2003) such annual rent shall increase by Five Thousand Nine Hundred and Thirty-One Dollars ($5,931.00) over the annual rent for the preceding lease year, provided further, nevertheless, if in any year (from July 1 to June 30) such annual rent increase is less than an amount equal to Fifty Percent (50%) of the most recent authorized increase in the Reimbursement Rate, (applied to the number of beds in the facility for a period of 365 days) the increased rental for such year shall be an amount equal to Fifty Percent (50%) of such increase in the Reimbursement Rate. The Reimbursement Rate is the "Indirect Reimbursement Rate for Nursing Homes" or any similar measure of reimbursement hereafter adopted as the same shall be increased by the North Carolina Department of Human Resources or any successor agency. The intention of the parties is that the increase in rent for each year shall be the larger of (1) the specified increase ($11,863.00 for each of the next six (6) years beginning July 1, 1997, and $5,931.00 for each of the following eight (8] years) or (2) the amount obtained by applying to the number of beds in the facility for a 365 day period, Fifty Percent (50%) of the increase in the Reimbursement Rate.
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Modification of Rent. The Monthly Rent to be paid under the Lease shall be reduced to One Hundred and Eighty-Three Thousand, Five Hundred and Seventy-Three Dollars and Seventy-One Cents ($183,573.71), plus attendant increases, if any, as provided in section 5(b) of the Lease.

Related to Modification of Rent

  • Modification of Lease Should any current or prospective mortgagee or ground lessor for the Building or Project require a modification of this Lease, which modification will not cause an increased cost or expense to Tenant or in any other way materially and adversely change the rights and obligations of Tenant hereunder, then and in such event, Tenant agrees that this Lease may be so modified and agrees to execute whatever documents are reasonably required therefor and to deliver the same to Landlord within ten (10) business days following a request therefor. At the request of Landlord or any mortgagee or ground lessor, Tenant agrees to execute a short form of Lease and deliver the same to Landlord within ten (10) business days following the request therefor.

  • MODIFICATIONS TO LEASE Notwithstanding any other provisions in the Lease, during the term of this Contract Owner and Tenant mutually agree that:

  • Modification of Agreement This Agreement may be modified, amended, suspended or terminated, and any terms or conditions may be waived, but only by a written instrument executed by the parties hereto.

  • Modification of Rights The rights of the Optionee are subject to modification and termination in certain events as provided in this Option Agreement and the Plan.

  • ALTERATION OF AGREEMENT A. It is hereby agreed that any alteration or modification of this Agreement shall be binding upon the parties only if agreed to in writing by both parties. B. The waiver of any condition of this Agreement by either party shall not constitute a precedent in the future enforcement of all terms and conditions herein.

  • Modification of Budget Upon written approval of County, Subrecipient shall have the authority to transfer allocated program funds from one category of the overall program Budget to another category of the overall Budget. No such transfer may be made without the express prior written approval of County. A modification of the Budget may include the addition of any new Budget category.‌

  • MODIFICATION OF NOTE 3.1 From and after the Effective Date, the provision in the Note captioned "Promise to Pay" is hereby amended as follows: The date on which the entire balance of unpaid principal plus accrued interest shall be due and payable immediately is hereby changed from March 31, 2010 to March 31, 2012. 3.2 Each of the Related Documents is modified to provide that it shall be a default or an event of default thereunder if the Borrower shall fail to comply with any of the covenants of the Borrower herein or if any representation or warranty by the Borrower herein or by any guarantor in any Related Documents is materially incomplete, incorrect, or misleading as of the date hereof. As used in this agreement, the "Related Documents" shall include the Note and all applications for letters of credit, loan agreements, credit agreements, reimbursement agreements, security agreements, mortgages, deeds of trust, pledge agreements, assignments, guaranties, or any other instrument or document executed in connection with the Note or in connection with any other obligations of the Borrower to the Bank. 3.3 Each reference in the Related Documents to any of the Related Documents shall be a reference to such document as modified by this agreement.

  • Amendments to Lease The Lease is hereby amended as follows:

  • MODIFICATION OF CONTRACT This Contract may be supplemented, amended or modified only by a writing signed by both Parties. No oral conversation, promise or representation by or between any officer or employee of the Parties shall modify any of the terms or conditions of this Contract. COMMISSION shall not be deemed to have approved or consented to any alteration of the terms of this Contract, including its Exhibits, by virtue of COMMISSION’s review and approval of, or failure to object to, contracts or other business transactions entered into by CONTRACTOR.

  • Construction of Agreement The parties mutually acknowledge that they and their attorneys have participated in the preparation and negotiation of this Agreement. In cases of uncertainty this Agreement shall be construed without regard to which of the parties caused the uncertainty to exist.

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