Rent Escalation. The annual Rent to be paid to Landlord by Tenant shall be increased as described in Exhibit B.
Rent Escalation. (a) As used in this Article 7, the term "Lease Year" shall mean the twelve month period commencing on the Rental Commencement Date, or, if the Rental Commencement Date is not on the first day of a calendar month, commencing on the first day of the first calendar month following the Rental Commencement Date, and each successive twelve month period thereafter during the Lease Term. The term "Subsequent Year" shall mean each Lease Year of the Lease Term following the first Lease Year. The term "Prior Year" shall mean the Lease Year prior to each Subsequent Year. The term "Index" shall mean the Consumer Price Index for all Urban Consumers (U.S. City Average; Base 1982-84=100), published by the Bureau of Labor Statistics of the United States Department of Labor. The term "Base Month" shall mean the calendar month which is two (2) months prior to the month during which this Lease is fully executed by Landlord and Tenant. The term "Comparison Month" shall mean the calendar month which is two (2) months prior to the first full month of each Subsequent Year in question.
Rent Escalation. On the third anniversary of the SLA Commencement Date for each BTS Site, and on each anniversary of the Commencement Date for said Sites thereafter throughout the Initial Term and any Renewal Term, [***].
Rent Escalation. On the first anniversary of the SLA Commencement Date for each SBA Site in Region 2, and on each anniversary of the Commencement Date for said Sites thereafter throughout the Initial Term and any Renewal Term, Rent shall be increased by [***] of the Rent payable during the immediately prior year. [***] - CONFIDENTIAL TREATMENT REQUESTED
Rent Escalation. (a) There shall be added to the Base Rent for each Comparison Year, Tenant's Share of the net aggregate increase, if any, in the amount of Operating Expenses and Taxes for the Comparison Year over those for the Base Year. The Base Rent as so increased is herein referred to as the "Adjusted Base Rent". The Adjusted Base Rent for any Comparison Year shall serve as the basis for an estimate of Adjusted Base Rent due for the next Comparison Year until the computation for that Comparison Year has been made. The difference between the actual increase in Operating Expenses and Taxes for any Comparison Year and the estimated Adjusted Base Rent for such Comparison Year shall be promptly paid by Tenant upon Tenant's receipt of a statement of such adjustment. After the Adjusted Base Rent has been established, it shall retroactively become payable from the beginning of the calendar year. The remaining monthly Rent installments shall be adjusted accordingly. Amounts due for any partial year of the Term in accordance with the foregoing shall be prorated on a calendar year basis. With respect to Taxes, the statement of adjustment shall reflect, as of the date prepared, Taxes incurred for the Base Year and for the Comparison Year, whether the same shall be definitive or subject to subsequent revision. Should Taxes for the Base Year or any Comparison Year be subsequently reduced or increased, Landlord shall recompute the Taxes using the amount of the Taxes for the Base Year as so reduced or increased for all Comparison Years prior to the Comparison Year in which the reduction or increase is granted. All changes to Adjusted Base
(b) Landlord shall, during Landlord's regular business hours, make available to Tenant records, in reasonable detail, of Operating Expenses and Taxes for the period covered by such statement or statements, for a period of sixty (60) days after the mailing of such statements to Tenant. If Tenant shall not dispute any item in any such statement within thirty (30) days following Tenant's receipt of such statement, Tenant shall be deemed to have waived any objection thereto.
Rent Escalation. B-1.01 The Fixed Minimum Rent of Three Hundred Thirty-six Thousand Seven Hundred Eighty Dollars ($336,780.00) reserved in the preamble to this Lease shall be increased (the "Recomputed Fixed Minimum Rent") as of the first day of the second lease year and each subsequent lease year of the Term in accordance with the following Schedule: Lease Year Recomputed Fixed Minimum Rent 2 $353,619.00 3 $371,299.95 4 $389,864.94 5 $409,358.18 6 $429,826.08 7 $451,317.38 8 $473,883.24 9 $497,577.40 10 $522,456.27 RIDER C Provisions of Specific Application
Rent Escalation. Beginning on the first twelve (12) month anniversary of The Commencement Date of the Lease and on each succeeding anniversary date hereafter for the term of the Lease and any renewals or extensions thereof, the rental rate for the Leased Premises shall increase 4% per annum over the rate charged for the immediately preceding twelve (12) months.
Rent Escalation. Commencing on the anniversary date of the Commencement Date, the monthly Base Rental shall be increased by three percent (3%) of the monthly Base Rental paid during the preceding lease year. If the Commencement Date occurred on a day other than the first day of the month, rent escalation shall occur on the first day of the month preceding the anniversary date.
Rent Escalation. 4.1 Tenant shall pay, as monthly rent hereunder, in addition to the Base Rent, the sums provided in this Section 4. Tenant shall be advised of any change, from time to time, in rent escalation payments required hereunder by written notice from Landlord, which shall include information in such detail as Landlord may reasonably determine to be necessary in support of such change. Tenant shall have 30 days after the receipt of any such notice to protest the change indicated therein, and Tenant's failure to make such protest in a written notice to Landlord within such 30-day period shall be conclusively deemed to be Tenant's agreement to such charges. Notwithstanding any such protest all rent escalation payments falling due after service of such notice shall be made in accordance with such notice until the protest has been resolved, whereupon any necessary adjustment shall be made between Landlord and Tenant. Any audit arising out of such a protest by Tenant shall be done, at Tenant's expense, in accordance with generally accepted auditing and management standards by a major public accounting firm selected by Tenant and approved by Landlord in its reasonable discretion. Such audit shall be performed at the offices of Paramount Group, Inc. in New York City or at such other location in the United States as Landlord may select from time to time for the maintenance of its accounting records for the Building.
4.2 Following the first December 31 during the term of the Lease, Tenant shall pay Landlord in a single lump sum upon billing therefor, Tenant's Percentage Share (as defined in Section G on Page 2 of the Lease) of each of the following amounts: (1) the amount (if any) by which Real Estate Taxes for the then current tax fiscal year exceed the Real
Rent Escalation. (a) Commencing on the first day of the second Lease Year (as hereinafter defined) and on the first day of every Year thereafter during the term hereof, the annual Base Rent (without deduction for rent abatement, if any) shall be increased by three percent (3%) of the amount of the annual Base Rent which was in effect during the Lease Year immediately preceding the Lease Year for which the adjustment is being made, payable by Tenant as additional monthly rent.
(b) For all purposes of this Lease, the term “Lease Year” shall be defined to mean a period of twelve (12) full calendar months. The first Lease Year shall commence on the Rent Commencement Date (or on the first day of the first calendar month following the Rent Commencement Date if said date is other than the first day of a calendar month), and each succeeding Lease Year shall commence on the anniversary date of the beginning of the first Lease Year.
