Rent and Escalation Sample Clauses

Rent and Escalation. Commencing on June 10, 2018, the rent payable from Tenant to Landlord under the Lease is hereby decreased to Eighteen Thousand and No/100 Dollars ($18,000.00) per year (the “Rent”). Commencing on June 10, 2019 and on each successive annual anniversary thereof, Rent due under the Lease shall increase by an amount equal to three percent (3%) of the then current Rent. In the event of any overpayment of Rent prior to or after the Effective Date, Tenant shall have the right to deduct from any future Rent payments an amount equal to the overpayment amount. Notwithstanding anything to the contrary contained in the Lease, all Rent and any other payments expressly required to be paid by Tenant to Landlord under the Lease and this Amendment shall be paid to the Village of Grafton. The escalations in this Section shall be the only escalations to the Rent and any/all rental escalations otherwise contained in the Lease are hereby null and void and of no further force and effect.

Rent and Escalation. The Parties hereby acknowledge and agree that all applicable increases and escalations to the rental payments under the Lease (the “Rent”) shall continue in full force and effect through the New Renewal Term(s). In the event of any overpayment of Rent or Collocation Fee (as defined below) prior to or after the Effective Date, Tenant shall have the right to deduct from any future Rent payments an amount equal to the overpayment amount. Notwithstanding anything to the contrary contained in the Lease, all Rent and any other payments expressly required to be paid to Landlord under the Lease shall be paid to TOWN OF ROCHESTER NY by Tenant. Provided, however, in the event that any current sublessee, licensee or any other collocator of Tenant is paying said Rent or any other payments to Town of Rochester directly as of the Effective Date of the Amendment, Tenant shall not be obligated to make such payments to Town of Rochester.

Rent and Escalation. Commencing with the first rental payment due following the Effective Date, the rent payable from Tenant to Landlord is hereby reduced to One Thousand One Hundred and 15/100 Dollars ($1,100.15) per month (the “Rent”). Commencing on May 1, 2022, and on each successive annual anniversary thereof, Rent due under the Lease, as amended hereby, shall increase by an amount equal to three percent (3%) of the then current Rent. In the event of any overpayment of Rent or Collocation Fee (as defined below) prior to or after the Effective Date, Tenant shall have the right to deduct from any future Rent payments an amount equal to the overpayment amount. Notwithstanding anything to the contrary contained in the Lease, all Rent and any other payments expressly required to be paid by Tenant to Landlord under the Lease and this Amendment shall be paid to KING COUNTY WATER DISTRICT NO. 90 (the “Payee”), or its assigns, which payments shall continue until Tenant receives a written request from Landlord, or Landlord’s successor in interest, requesting a change of Payee. Such change request shall include (i) documentation, reasonably acceptable to Tenant, evidencing the requestor’s interest in the Leased Premises and right to receive Rent and any other payments expressly required to be paid by Tenant to Landlord under the Lease, (ii) a complete and fully executed Internal Revenue Service Form W-9, or its equivalent, for Payee, and (iii) any additional documents reasonably required by Tenant. Within sixty (60) days of receipt of the above referenced request and documentation, all Rent and any other payments expressly required to be paid by Tenant to Landlord under the Lease and this Amendment shall be paid to the new Payee. The escalations in this Section shall be the only escalations to the Rent and any/all rental escalations otherwise contained in the Lease are hereby null and void and are of no further force and effect. Notwithstanding anything to the contrary in the Lease, as amended, in the event the Lease terminates prior to ten (10) years after the Effective Date hereof (the “Rent Guarantee Date”), Tenant shall pay to Landlord in one lump-sum the total remaining Rent payments that would have otherwise been due to the Landlord through the Rent Guarantee Date (the “Rent Guarantee Amount”) within thirty (30) days after termination of the Lease, provided however, the Rent Guarantee Amount shall not be paid to Landlord in the event that: (i) the Lease is terminated by Tenant ...

Rent and Escalation. Commencing with the first rental payment due following the Effective Date, the rent payable from Tenant to Landlord under the Lease is hereby increased to Nine Hundred Fifty‐Two and No/100 Dollars ($952.00) per month (the “Rent”). Commencing on December 31, 2022 and on the beginning of each Renewal Term thereafter, Rent due under the Lease shall increase by an amount equal to fifteen percent (15%) of the then current Rent. In the event of any overpayment of Rent prior to or after the Effective Date, Tenant shall have the right to deduct from any future Rent payments an amount equal to the overpayment amount. Notwithstanding anything to the contrary contained in the Lease, all Rent and any other payments expressly required to be paid by Tenant to Landlord under the Lease and this Amendment shall be paid to Upper Dublin Township PA. The escalations in this Amendment shall be the only escalations to the Rent and any/all rental escalations otherwise contained in the Lease are hereby null and void and are of no further force and effect.

Rent and Escalation. Commencing with the second rental payment due following the Effective Date, the rent payable from Tenant to Landlord is hereby reduced to One Thousand Four Hundred and No/100 Dollars ($1,400.00) per month (the “Rent”). Commencing on December 1, 2020 and on each successive annual anniversary thereof, Rent due under the Lease, as amended hereby, shall increase by an amount equal to three percent (3%) of the then current Rent. In the event of any overpayment of Rent or Collocation Fee (as defined in Section 3(b) of the Original Lease and Section 2 of the Second Amendment) prior to or after the Effective Date, Tenant shall have the right to deduct from any future Rent payments an amount equal to the overpayment amount. Notwithstanding anything to the contrary contained in the Lease, all Rent and any other payments expressly required to be paid by Tenant to Landlord under the Lease and this Amendment shall be paid to CITY OF PEORIA IL. The escalations in this Section shall be the only escalations to the Rent and any/all rental escalations otherwise contained in the Lease are hereby null and void and are of no further force and effect.

Rent and Escalation. The Parties hereby acknowledge and agree that, commencing with the first rental payment due following the Effective Date, the rent payable from Lessee to Lessor under the Lease is hereby increased to Eight Thousand Four Hundred and No/100 Dollars ($8,400.00) per year (payable in increments of Seven Hundred and No/100 Dollars ($700) per month). Commencing on April 4, 2024, and on each successive annual anniversary thereof, Rent due under the Lease, as amended herein, shall increase by an amount equal to Three Percent (3%) of the then current Rent. In the event of any overpayment of Rent or Installation Fee (as defined below), 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. Notwithstanding anything to the contrary contained in the Lease, all Rent and any other payments expressly required to be paid to Lessor under the Lease shall be paid to Hamburg Township by Xxxxxx.

Rent and Escalation. Commencing on September 1, 2018, the rent payable from Tenant to Landlord under the Lease is hereby increased to Two Thousand Seven Eight Hundred and Three Thirty-Eight and 0723/100 Dollars ($2,703838.0723) per month (the “Rent”). Commencing on September 1, 2019 and on each successive annual anniversary thereof, Rent due under the Lease shall increase by an amount equal to three percent (3%) of the then current Rent. In the event of any overpayment of Rent or Collocation Fee (as defined below) prior to or after the Effective Date, Tenant shall have the right to deduct from any future Rent payments an amount equal to the overpayment amount. Notwithstanding anything to the contrary contained in the Lease, all Rent and any other payments expressly required to be paid by Tenant to Landlord under the Lease and this Amendment shall be paid to the Town of Morrisville, North Carolina. The escalations in this Section shall be the only escalations to the Rent and any/all rental escalations otherwise contained in the Lease are hereby null and void and of no further force and effect.

Rent and Escalation. Section 7.0, entitled “Rent,” and Sections 7.1 and 7.2 thereunder, of the Lease shall be, and is hereby, amended to read as follows: [Additions are bold and double underlined; deletions are stricken through]

Rent and Escalation. Commencing with the first rental payment due following the Effective Date, the rent payable from Tenant to Landlord under the Lease is hereby increased to One Thousand Four Hundred and No/100 Dollars ($1,400.00) per month (the “Rent”). Commencing on November 1, 2019 and on the beginning of each Renewal Term thereafter, Rent due under the Lease, as modified by this Amendment, shall increase by an amount equal to Two Hundred Dollars and No/100 ($200.00) of the then current Rent. In the event of any overpayment of Rent or Collocation Fee (as defined below) prior to or after the Effective Date, Tenant shall have the right to deduct from any future Rent payments an amount equal to the overpayment amount. Notwithstanding anything to the contrary contained in the Lease, all Rent and any other payments expressly required to be paid by Tenant to Landlord under the Lease and this Amendment shall be paid to City of Lockport. The escalations in this Section shall be the only escalations to the Rent and any/all rental escalations otherwise contained in the Lease are hereby null and void and are of no further force and effect.

Rent and Escalation. Commencing on March 24, 2021, the rent payable from Tenant to Landlord is hereby reduced to Two Thousand Two Hundred Seventy Five and No/100 Dollars ($2,275.00) per month (the “Rent”). Commencing on March 24, 2022 and on each successive annual anniversary thereof, Rent due under the Lease, as amended hereby, shall increase by an amount equal to two percent (2%) of the then current Rent. In the event of any overpayment of Rent prior to or after the Effective Date, Tenant shall have the right to deduct from any future Rent payments an amount equal to the overpayment amount. Notwithstanding anything to the contrary contained in the Lease, all Rent and any other payments expressly required to be paid by Tenant to Landlord under the Lease and this Amendment shall be paid to CITY OF GREEN BAY. The escalations in this Section shall be the only escalations to the Rent and any/all rental escalations otherwise contained in the Lease are hereby null and void and are of no further force and effect.