RENT ESCALATIONS. At the beginning of each Lease Year commencing after the first Lease Year, the Fixed Rent for such Lease Year shall be increased by an amount equal to two percent (2%) of the Fixed Rent in effect at the end of the immediately preceding Lease Year, after giving effect to any adjustment to such Fixed Rent required under Section 3.1.1.
RENT ESCALATIONS. At the beginning of the second Lease Year and at the beginning of each Lease Year thereafter, throughout the Term, the Base Rent then in effect shall be increased by three percent (3%) of the previous Lease Year’s Base Rent, it being the intent hereof that all increases set forth herein shall be compounded.
RENT ESCALATIONS. (a) On September 1, 1986, and every year thereafter; the monthly rent payable under paragraph 4 of the attached Lease shall be adjusted by the increase, if any, from the date this Lease commenced, in the Consumer Price Index of the Bureau of Labor Statistics of the U.S. Department of Labor for Urban Wage Earners and Clerical Workers, Los Angeles-Long Beach-Anaheim, California (1967=100), "All Items", herein referred to as "C.P.I."
RENT ESCALATIONS. 4.1 The BASE MONTHLY RENT shall be escalated as of the first annual anniversary date of the commencement of this Lease, and on each annual anniversary date thereafter. The escalated rent shall be determined by increasing the BASE MONTHLY RENT by the percentage increase, if any, in the "Consumer Price Index." The base month for determining the increase in the Consumer Price Index shall be the month two months prior to that in which the term of this Lease commences. The comparison month shall be the month two months prior to each annual anniversary date.
RENT ESCALATIONS. (a) Commencing July 1, 2024, and on every July 1 thereafter during the Lease Term (each a “Rent Adjustment Date”), the Rent for each Rent Adjustment Period (as defined below) shall be calculated as follows: the Rent payable for the last month of the immediately prior Rent Adjustment Period shall be multiplied by a fraction, the numerator of which shall be the Rent payable for the month of May in the Lease Year containing the applicable Rent Adjustment Date, and the denominator of which shall be the CPI reported for the month of May of the Lease Year immediately prior to the Lease Year containing the Rent Adjustment Date. For example, in calculating the Rent applicable to the Rent Adjustment Period commencing on July 1, 2024, the sum of
RENT ESCALATIONS. Change Paragraph to correct Reference Paragraph should read: On each anniversary of the Lease, the base rent for all space under Lease, "first-in" and "expansion" shall be increased as described in Paragraph 54.
RENT ESCALATIONS. Change to delete Rent CPI minimum and maximum limits, Paragraph (e). Except as hereby amended, all other terms and conditions of said Lease shall remain unchanged and in full force and effect. LESSOR: LESSEE, GENERAL ATOMICS IXSYS, INC. By: /s/ R.H. DALRY By: /s/ JANIXX XXXXXX ------------------------------ ----------------------------- R.H. Dalry Janixx Xxxxxx Director Facilities Director of Finance and Administration Date: March 9, 1994 Date: March 15, 1994 ---------------------------- --------------------------- ADDENDUM TO STANDARD LEASE DATED March 1, 1994 ----------------------------------- BY AND BETWEEN General Atomics -------------------------- IXSYS, Inc. ----------------------------------------
RENT ESCALATIONS. Delete in its entirety and replace with the following: Effective the dates shown in the summary below, Monthly Rent shall be indexed at a fixed three percent (3%), compounded and cumulative. This summary is presented under the assumption that the Lessee exercises both one-year Options for ADDED Space, and retains the ADDED Space through a term coterminous with CURRENT Space. If the Lessee elects to surrender ADDED Space, then Rent reduction shall be in direct relationship to that amount then in effect for the ADDED Space as shown in the summary below: MONTHLY RENT ------------------ ADDED EFFECTIVE CURRENT ADDED SPACE DATE SPACE SPACE NOTES --------- ------- ----- ----- 10/01/97 $13,599 N/A Pre-possession 11/01/97 Same $4,466 Possession Date 01/01/98 $14,007 $4,466 Base Year 01/01/99 $14,427 $4,600 Option Year 1 01/01/00 $14,860 $4,738 Option Year 2 01/01/01 $15,306 $5,301 Same as Current 01/01/02 $15,765 $5,460 Same as Current 01/01/03 $16,238 $5,624 Same as Current
RENT ESCALATIONS. Beginning upon the first day of the calendar month in which the second annual anniversary of the Commencement Date occurs, and on the same date of every second year thereafter during the Lease Term (subject to Sections 4.3 and 7.3(c) below) (each such date being referred to herein as an "ADJUSTMENT DATE"), the Base Rent shall be increased, but not decreased, to reflect increases in the Consumer Price Index for All Urban Consumers, all items, (1982-84=100), issued by the United States Department of Labor for Los Angeles-Anaheim-Riverside, California, or any renamed local index covering generally the same metropolitan area or any successor or substitute index appropriately adjusted (hereinafter, the "INDEX"). Each such increase pursuant to this Section 4.2 shall be calculated by multiplying the initial Base Rent set forth in Section 4.1 above by a fraction, the denominator of which shall be the Index for the month preceding the Commencement Date (the "BASE INDEX") and the numerator of which shall be the Index for the month preceding the Adjustment Date (the "ADJUSTMENT INDEX"). In no event shall Base Rent be increased pursuant to this Section 4.2 by more than four percent (4%) per annum. Each adjustment hereunder shall be made as soon as reasonably possible after the Adjustment Index becomes available (provided that no delay in making any adjustment shall constitute a waiver of Landlord's right to require that Tenant pay the adjusted Base Rent), and Tenant shall begin paying the adjusted Base Rent upon the first regularly scheduled rent payment date which is at least fifteen (15) days after notice of the adjustment is given by Landlord. Tenant's first payment of the adjusted Base Rent hereunder shall include any amounts which are necessary to retroactively adjust Base Rent from the Adjustment Date through such first date of payment.
RENT ESCALATIONS. On each anniversary date of the renewal term, the monthly rental payment shall be increased by $48.00. Lessor's failure and/or inadvertence to request a payment of an estimated or actual rent adjustment shall not constitute as a waiver or an estoppel of Lessor's right to demand any adjustment (including retroactive payments, if applicable) provided for in the Lease Agreement or this Addendum. On each anniversary date of the renewal term, the monthly rental payment shall be increased by $48.00. Lessor's failure and/or inadvertence to request a payment of an estimated or actual rent adjustment shall not constitute as a waiver or an estoppel of Lessor's right to demand any adjustment (including retroactive payments, if applicable) provided for in the Lease Agreement or this Addendum.
