Common use of Payment of Rent Increase Clause in Contracts

Payment of Rent Increase. Until Tenant is advised of the adjustments in the Base Rent, if any, pursuant to the provisions of paragraph 4.01, Tenant’s monthly Base Rent shall continue to be paid at the then current rate (including all prior rental adjustments). Tenant shall commence payment to Landlord of the monthly installment of Base Rent on the basis of the adjustments so determined beginning on the first day of the month following the month in which Landlord advises Tenant of the increased Base Rent. In addition, Tenant shall pay to Landlord on the date required for the first payment of Base Rent as adjusted, the difference, if any, between the monthly installment of Base Rent so adjusted and the monthly installments of Base Rent actually paid during the Base Rent period to make up for the increased Base Rent between the first month that a rental Increase is due and the first payment after notice of the increase. Failure of Landlord to require any increase in the Base Rent for any calendar year, or failure to require the full increase to which Landlord is entitled shall not waive Landlord’s right to an adjustment of the Base Rent upon later notification. Notwithstanding any other provisions of the Lease, if this Lease is terminated prior to the end of the calendar year, for any reason, Tenant’s obligations to pay rental adjustments for that portion of any calendar year which has elapsed prior to termination shall survive the termination of the Lease, whether by expiration or otherwise.

Payment of Rent Increase. All determinations by Landlord pursuant to Section 4.5 shall be conclusive, unless in error. Until Tenant is advised of the adjustments in the Base Rent, if any, pursuant to the provisions of this paragraph 4.014.6, Tenant’s 's monthly Base Rent shall continue to be paid at the then current rate (including all prior rental adjustments). Tenant shall commence payment to Landlord of the monthly installment of Base Rent on the basis of the adjustments so determined beginning on the first day of the month following the month in which Landlord advises Tenant of the increased Base Rent. In addition, Tenant shall pay to Landlord on the date required for the first payment of Base Rent as adjusted, the difference, if any, between the monthly installment of Base Rent so adjusted and the monthly installments of Base Rent actually paid during the Base Rent period to make up for the increased Base Rent between the first month that a rental Increase is due and the first payment after notice of the increase. Failure , provided that Landlord notifies Tenant of Landlord to require any increase in the Base Rent for any calendar year, or failure to require the full increase to which Landlord is entitled shall not waive Landlord’s right to an adjustment Rental Rate Adjustment within forty-five (45) days of the Base Rent upon later notificationeffective date of said rental rate adjustment. Notwithstanding any other provisions of the Lease, if this Lease is terminated prior to the end of the calendar year, for any reason, Tenant’s 's obligations to pay rental adjustments for that portion of any calendar year which has elapsed prior to termination shall survive the termination of the Lease, whether by expiration or otherwise.