Rent During Option Period Sample Clauses

Rent During Option Period. In the event that the Sublessee shall exercise its option to renew for any additional five (5) year period, the Base Rent during that period shall be 95% of the then Current Market Rental Rate for the Premises but in no case shall the rent be less than the previous year's Base Rent The term "
Sample 1Sample 2Sample 3See All (4)
AutoNDA by SimpleDocs
Rent During Option Period. Notwithstanding any other provision contained in this Lease, the Rent payable during such Option Period shall be current rent increased four percent (4%).
Sample 1Sample 2
Rent During Option Period. Base Rent shall be subject to renegotiation effective at the end of the initial twenty (20)
Sample 1Sample 2
Rent During Option Period. (s) Terms is hereby amended to reflect the following: “Beginning August 1, 2025, the annual Rent amount for each year of this Lease shall increase by Two Percent (2%) over the previous year’s rental amount.” 3. LANDLORD is scheduled to paint the water tank where TENANT’s equipment is located. TENANT agrees to remove its equipment from the water tank and place it on a temporary tower on the LANDLORD’s property. In addition, TENANT and T-Mobile agree to design a new handrail to accommodate their equipment that will be installed on the water tank before the LANDLORD completes the scheduled painting project. The cost for the installation of the handrail will be paid by TENANT and T- Mobile, and LANDLORD will be responsible for installing and painting the new handrail. If LANDLORD adds a third carrier to the new handrail being installed on the water tank, LANDLORD agrees to reimburse TENANT for 1/6th of the cost charged to TENANT for the installation of the handrail. 4. Exhibit “A” to the Lease is supplemented with Exhibit “A-1” attached hereto. 5. All capitalized terms herein shall have the meaning ascribed to them in this First Amendment or the Lease, as applicable. 6. In the event of any inconsistency between this First Amendment and Lease, this First Amendment shall control. 7. Except as modified by this First Amendment, all other terms and conditions of the Lease shall remain in full force and effect.
Sample 1
Rent During Option Period. In the event that the Sublessee shall exercise its option to renew for either additional five (5) year period, the annual rent during that period shall be 95% of the then Current Market Rent Rate for the premises but in no case shall the rent be less than the previous years Base Rent. The term "Current Market Rent Rate" for purposes of this Sublease shall mean the annual amount per rentable square foot that a willing, comparable, new, non-renewal, non-equity, nonexpansion Sublessee of credit quality similar to Sublessee would pay, and a willing comparable Sublessor of the Building or a comparable office building in the immediate vicinity of the Building would accept, at arms length, giving appropriate consideration to annual rental rates per rentable square foot, escalation clauses (including type, gross or net, and if gross, whether base year or expense stop), and abatement provisions reflecting free rent, tenant improvement allowances, length of lease term, size, condition and location of premises being leased. If Sublessee exercises the extension option, Sublessor and Sublessee shall attempt to agree upon the Current Market rental Rate using their best good-faith efforts. If Sublessor and Sublessee fail to reach an agreement within thirty (30) days following Sublessee's exercise of such extension option (the "Outside Agreement Date"), then each party shall make a separate determination of the current Market Rental Rate which shall be submitted to each other and to arbitration in accordance with the following items (i) through (vii): (i) Sublessor and Sublessee shall each appoint, within ten (10) business days of the Outside Agreement Date, one arbitrator who shall by profession be a licensed, qualified MAI appraiser of comparable properties in the immediate vicinity of the Building, and who has been active in such field over the last five (5) years. The determination of the arbitrators shall be limited solely to 16 <PAGE> the issue of whether Sublessor's or Sublessee's submitted Current Market Rental Rate is the closes to the actual Current Market Rental Rate as determined by the arbitrators.
Sample 1
Rent During Option Period. Landlord and Tenant agree that the parties have satisfied the requirements of negotiation set forth in Exhibit F to the original Lease, and as a result, have agreed that the Base Rent for the Option Period shall be as follows: 1/1/2012 to 12/31/2012 $ 1.215 $ 60,750.00 1/1/2013 to 12/31/2013 $ 1.251 $ 62,572.50 1/1/2014 to 12/31/2014 $ 1.289 $ 64,449.68 1/1/2015 to 12/31/2015 $ 1.328 $ 66,383.17
Sample 1
Rent During Option Period. In the event Tenant exercises its option to extend the Lease for the Total Premises, which option shall commence on June 1, 2018, Tenant shall pay as Base Rent on the 7,075 square feet comprising the Total Premises, the then fair market rental value being charged within the Princeton Commerce Center office park. Months 39 - 75: For Total Premises to be determined as hereinabove.
Sample 1
AutoNDA by SimpleDocs
Rent During Option Period. In the event that the Sublessee shall exercise its option to renew for an additional five (5) year period, the annual rent during that period shall be at the then fair market rent amount for comparable office buildings in the Portsmouth area or the basic rent charged during the fifth year of the lease shall determine the first years option period rent; whichever is greater. In addition, the basic rent shall be adjusted during the option period in the same manner as adjusted during the initial term of the lease, as provided above. All other additional rent shall also be paid, as provided in Section 4.5 above.
Sample 1
Rent During Option Period. In the event that the Sublessee shall exercise its option(s) to renew, the annual rent at the commencement of the option period(s) shall be at 100% the Fair Market Rental Rate.
Sample 1

Related to Rent During Option Period

  • Time off during notice period During the period of notice of termination given by the employer, an employee shall be allowed up to one day's time off without loss of pay for the purpose of seeking other employment. This time off shall be taken at times that are convenient to the employee after consultation with the employer.

  • Sales During Pre-Settlement Period Notwithstanding anything herein to the contrary, if at any time on or after the time of execution of this Agreement by the Company and an applicable Purchaser, through, and including the time immediately prior to the Closing (the “Pre-Settlement Period”), such Purchaser sells to any Person all, or any portion, of any shares of Common Stock to be issued hereunder to such Purchaser at the Closing (collectively, the “Pre-Settlement Shares”), such Purchaser shall, automatically hereunder (without any additional required actions by such Purchaser or the Company), be deemed to be unconditionally bound to purchase, and the Company shall be deemed unconditionally bound to sell, such Pre-Settlement Shares to such Purchaser at the Closing; provided, that the Company shall not be required to deliver any Pre-Settlement Shares to such Purchaser prior to the Company’s receipt of the purchase price of such Pre-Settlement Shares hereunder; and provided further that the Company hereby acknowledges and agrees that the forgoing shall not constitute a representation or covenant by such Purchaser as to whether or not during the Pre-Settlement Period such Purchaser shall sell any shares of Common Stock to any Person and that any such decision to sell any shares of Common Stock by such Purchaser shall solely be made at the time such Purchaser elects to effect any such sale, if any.

  • Option Period Pursuant to the Contract, the following are the Adjustment Factors for the term ending October 20, 2023: Date Index 1 August 2019 11311.06 3 October 2019 11326.12 6 January 2020 11392.41 7 February 2020 11396.01 8 March 2020 11396.97 9 April 2020 11412.67 10 May 2020 11418.16 11 June 2020 11436.23 12 July 2020 11439.11 Date Index 1 August 2021 12463.13 2 September 2021 12464.55 3 October 2021 12464.94 4 November 2021 12467.32 5 December 2021 12481.82 6 January 2022 12555.55 7 February 2022 12683.97 8 March 2022 12791.43 9 April 2022 12898.96 10 May 2022 13004.47 11 June 2022 13110.50 12 July 2022 13167.84 Adjustment: Third Year Index Average = 12712.8733 = 1.1168 Base Year Index Average 11383.5283 WA−DC−GC03−100120−SWC Original Adjustment Factor x Adjustment = Adjustment Factor through 10/20/23 Normal Working Hours – Prevailing Wage 1.0378 1.1168 1.1590 Other Than Normal Working Hours – Prevailing Wage 1.0638 1.1168 1.1881 Normal Working Hours – Non−Prevailing Wage 1.0357 1.1168 1.1567 Other Than Normal Working Hours – Non− Prevailing Wage 1.0605 1.1168 1.1844 Non Pre−Priced 1.1627 1.0000 1.1627

  • Option Term This option shall have a term of ten (10) years measured from the Grant Date and shall accordingly expire at the close of business on the Expiration Date, unless sooner terminated in accordance with Paragraph 5 or 6.

  • Refund During Cooling-Off Period The PEI will provide the Student with a cooling-off period of seven (7) working days after the date that the Contract has been signed by both parties. The Student will be refunded the highest percentage (stated in Schedule D) of the fees already paid if the Student submits a written notice of withdrawal to the PEI within the cooling-off period, regardless of whether the Student has started the course or not.

  • Allocations During the Early Amortization Period During the Early Amortization Period, an amount equal to the product of (A) the Principal Allocation Percentage and (B) the Series 1997-1 Allocation Percentage and (C) the aggregate amount of Collections of Principal Receivables deposited in the Collection Account on such Deposit Date, shall be allocated to the Series 1997-1 Certificateholders and retained in the Collection Account until applied as provided herein; provided, however, that after the date on which an amount of such Collections equal to the Adjusted Invested Amount has been deposited into the Collection Account and allocated to the Series 1997-1 Certificateholders, such amount shall be first, if any other Principal Sharing Series is outstanding and in its amortization period or accumulation period, retained in the Collection Account for application, to the extent necessary, as Shared Principal Collections on the related Distribution Date, and second paid to the Holders of the Transferor Certificates only if the Transferor Amount on such date is greater than the Required Transferor Amount (after giving effect to all Principal Receivables transferred to the Trust on such day) and otherwise shall be deposited in the Special Funding Account.

  • Withdrawals during Concession Period 27.3.1 The Concessionaire shall, at the time of opening the Escrow Account, give irrevocable instructions, by way of an Escrow Agreement, to the Escrow Bank instructing, inter alia, that deposits in the Escrow Account shall be appropriated in the following order every month, or at shorter intervals as necessary, and if not due in a month then appropriated proportionately in such month and retained in the Escrow Account and paid out therefrom in the month when due: (a) all taxes due and payable by the Concessionaire for and in respect of the Project; (b) all payments relating to construction of the Project, subject to and in accordance with the conditions, if any, set forth in the Financing Agreements; (c) O&M Expenses, subject to the ceiling, if any, set forth in the Financing Agreements; (d) O&M Expenses and other costs and expenses incurred by the Authority in accordance with the provisions of this Agreement, and certified by the Authority as due and payable to it; (e) Concession Fee or Annual Concession Fee, as the case may be, due and payable to the Authority; (f) monthly proportionate provision of Debt Service due in an Accounting Year; (g) all payments and Damages certified by the Authority as due and payable to it by the Concessionaire; (h) monthly proportionate provision of debt service payments due in an Accounting Year in respect of Subordinated Debt; (i) any reserve requirements set forth in the Financing Agreements; and (j) balance, if any, in accordance with the instructions of the Concessionaire. 27.3.2 The Concessionaire shall not in any manner modify the order of payment specified in Clause 27.3.1, except with the prior written approval of the Authority.

  • Lease Period The lease period of the Finance Lease Agreement II is 36 months, which commenced on July 31, 2023. The lease period of the Finance Lease Agreement III is 36 months, which commenced on October 13, 2023. The lease period of the Finance Lease Agreement IV is 36 months, which shall commence on October 30, 2023.

  • Employee leaving during notice period An employee given notice of termination in circumstances of redundancy may terminate their employment during the period of notice. The employee is entitled to receive the benefits and payments they would have received under this clause had they remained in employment until the expiry of the notice, but is not entitled to any payment in lieu of any remaining notice.

  • Extension of Restriction Period The Restriction Period shall be tolled for any period during which the Executive is in breach of any of Sections 4.2, 4.3 or 4.4 hereof.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!