Renewal Rate Sample Clauses

Renewal Rate. Base Rent during the Renewal Term shall be as follows: 7/15/2007 - 7/14/2008 $ 105,000.00 $ 8,750.00 7/15/2008 - 7/14/2009 $ 106,500.00 $ 8,875.00 7/15/2009 - 7/14/2010 $ 108,000.00 $ 9,000.00 7/15/2010 - 7/14/2011 $ 108,750.00 $ 9,062.00 7/15/2011 - 7/14/2012 $ 108,750.00 $ 9,062.00
Sample 1
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Renewal Rate. During the Renewal Terms (as hereinafter defined), Tenant shall pay to Landlord a monthly Rent in the amount of: i) Eighteen thousand and five hundred and seventy-seven dollars and 00/100 ($18,577.00) per month payable on the first day of each month during the First Renewal Term (as hereinafter defined). ii) Nineteen thousand and fifty three dollars and 33/100 ($19,053.33) per month payable on the first day of each month during the Second Renewal Term (as hereinafter defined).
Sample 1
Renewal Rate. Equipment rates shall increase by 3% every two years, beginning on January 1st, 2024. Material rates shall increase by market price increase, communicated to HSE by Fishers no later than seventy-five (75) days prior to auto-renewal date.
Sample 1
Renewal Rate. In the event that Tenant provides proper written notice, as determined in paragraph 2.03 above, of its exercise of the First Renewal Term, the rent for each year of the First Renewal Term shall continue in accordance with the rent set forth in paragraph 3.01 herein plus an additional ten percent (10%). In the event that Tenant provides proper written notice, as determined in paragraph 2.03 above, of its exercise of the Second Renewal Term, the rent for each year of the Second Renewal Term shall continue in accordance with the rent set forth in paragraph 3.01 herein plus an additional fourteen percent (14%).
Sample 1
Renewal Rate. The Base Rental applicable during the Renewal Term (the "Renewal Rate") shall be the then prevailing Market Rate (as defined in Paragraph E. hereinbelow), at the time of Tenant's Notice of Intention, as determined by Landlord in good faith.
Sample 1
Renewal Rate. The consolidated Borrower's Renewal Rate shall not be less than eighty percent (80%) as of the end of each twelve (12) month period ending on each fiscal year of the Borrower, commencing with the fiscal year ending December 31, 1998.
Sample 1
Renewal Rate. For purposes of this Section 3.3, “Fair Market Rent” means the prevailing rental rate per square foot then being obtained by landlords for comparable Buildings or spaces located in the City of Alameda, taking into account (in either case) applicable base years, tenant improvement allowances or appropriate discount for improvements paid for solely by tenants, free rent periods and other tenant concessions, existing improvements and configuration of the space, any additional rent and all other payments and escalations payable hereunder and by tenants under leases of such comparable spaces as determined by the following process:
Sample 1
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Renewal Rate. The consolidated Company's Renewal Rate shall ------------ not be less than eighty percent (70%) as of the end of each twelve (12) month period ending on each fiscal year of the Company, commencing with the fiscal year ending December 31, 1998. 1.11. Section 7.02(b) of the Purchase Agreement is hereby amended to read in its entirety as follows:
Sample 1

Related to Renewal Rate

  • Rental Rate The Lessee shall pay rent to the Lessor for the premises at the following rate: Payment shall be made at the end of each month upon submission of properly executed vouchers.

  • Rental Rates Schedules for (i) proposed rental rates on heavy construction equipment, and (ii) proposed wage rates of operating engineers. The Design-Builder firm shall certify that the proposal for rental rates and proposal for wage rates comply with the Contract Documents.

  • Renewal Terms Immediately following the Initial Term this Agreement shall automatically renew for successive one-year periods (a “Renewal Term”).

  • Renewal Term If not sooner terminated, this Agreement shall renew at the end of the Initial Term and shall thereafter continue for successive annual periods, provided such continuance is specifically approved at least annually (i) by the Fund’s Board of Trustees or (ii) by a vote of a majority of the outstanding voting securities of the relevant portfolio of the Fund, provided that in either event the continuance is also approved by the majority of the Trustees of the Fund who are not interested persons (as defined in the 0000 Xxx) of any party to this Agreement by vote cast in person at a meeting called for the purpose of voting on such approval. If a plan under Rule 12b-1 of the 1940 Act is in effect, continuance of the plan and this Agreement must be approved at least annually by a majority of the Trustees of the Fund who are not interested persons (as defined in the 0000 Xxx) and have no financial interest in the operation of such plan or in any agreements related to such plan, cast in person at a meeting called for the purpose of voting on such approval.

  • Extension Term The options to extend the Term of this Lease as described above shall not be deemed exercised by Tenant unless at least twenty-four (24) months prior to the Lease Expiration Date for the Primary Term or at least twenty-four (24) months prior to the expiration of the Extension Term for the first (1st) Extension Term, Tenant shall have delivered written notice to Landlord of Tenant's irrevocable election to so extend this Lease at the end of the Primary Term or the first (1st) Extension Term, as applicable. Tenant's failure to deliver one (1) such timely notice to Landlord shall terminate all future Extension Terms, if any, following the Extension Term to which such notice specifically relates. Subject to the provisions of paragraph 5 of this Lease, the terms and conditions of this Lease shall apply to each Extension Term with the same force and effect as if such Extension Term had originally been included in the Primary Term of the Lease. The right of Tenant to exercise its rights with respect to the Extension Terms shall be conditioned upon this Lease being in full force and effect and no Event of Default then existing as of the Lease Expiration Date (for the first (1st) Extension Term), or expiration of the first (1st) Extension Term (for the second (2nd) Extension Term). The Primary Term, together with any Extension Term with respect to which Tenant properly exercises its option, and for which the conditions related thereto are satisfied, shall constitute the "TERM" of this Lease.

  • Normal rate of interest Subject to the provisions of this Agreement, the rate of interest on the Loan in respect of an Interest Period shall be the aggregate of the Margin and LIBOR for that Interest Period.

  • Renewal, Extension The renewal or extension of any Letter of Credit shall, for purposes hereof, be treated in all respects the same as the issuance of a new Letter of Credit hereunder.

  • Fair Market Rent Approximately thirty (30) days after receipt of Tenant’s Extension Exercise Notice, Landlord shall notify Tenant in writing of Landlord’s estimate of the Base Monthly Rent for the first year of the applicable extension period, and the estimate of annual increases based upon the Landlord’s determination of the same. For purposes hereof, “Fair Market Rent” shall mean collectively, (1) Base Monthly Rent for the first year of the applicable extension period, which shall reflect the then-current rate for renewals of space in comparable Class A buildings (including the Building) in the Sunnyvale, Santa Xxxxx and Mountain View, California submarket (“Comparable Buildings”) in direct transactions with owners of Comparable Buildings (thus excluding any subleases or other indirect transactions), and (2) the annual increases determined at the time Base Monthly Rent for the first year is determined. Within thirty (30) days after receipt of such notice from Landlord, Tenant shall have the right either to (i) accept Landlord’s estimate of Fair Market Rent or (ii) elect to arbitrate the Fair Market Rent against Landlord, such arbitration to be conducted pursuant to the provisions hereof. Failure on the part of Tenant to require arbitration of Fair Market Rent within such thirty (30) day period shall constitute acceptance of the Fair Market Rent for the applicable extension period. If Tenant elects to compel arbitration, the parties agree to use good faith efforts to have the arbitration concluded within ninety (90) days after the date of Tenant’s election, subject to extension for an additional period if a third arbitrator is required and does not act in a timely manner. To the extent that arbitration has not been completed prior to the expiration of any preceding period for which Base Monthly Rent has been determined, Tenant shall pay Base Monthly Rent at the rate calculated by Landlord, with the potential for an adjustment to be made once Fair Market Rent is ultimately determined by arbitration.

  • Minimum Monthly Rent (Section 1.5): Tenant shall pay to Landlord Minimum Monthly Rent for the Premises during the Extended Term in accordance with the schedule and in the amount set forth below: 01/01/13-07/31/13 $ 1,776.25 per month $ 8,645.00 per month $ 10,421.25 per month 08/01/13-07/31/14 $ 1,827.00 per month $ 8,892.00 per month $ 10,719.00 per month 08/01/14-07/31/15 $ 1,877.75 per month $ 9,139.00 per month $ 11,016.75 per month

  • Extension Terms County may, at its sole option, extend the term of this Agreement beyond the Initial Term for up to ___ additional one-year terms at the same rates and under the same terms provided for herein (each such period being an “Extension Term”). County shall notify Contractor of its election for an Extension Term(s) as provided for in §6.

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