Rent Modification Sample Clauses

Rent Modification. Landlord, with input from the Executive Officers of the Beta-Chi Chapter of Kappa Sigma, shall determine Tenant’s annual rent for each school year subsequent to the one in which this lease was signed during the spring semester or summer immediately preceding each school year. The annual rent specified in Paragraph 2 above is subject to modification (either increase or decrease) each school year (other than the year in which the lease is originally executed) by Landlord at Landlord’s sole discretion. Landlord may not increase the annual rent pursuant to this lease more than 6% in any successive year. Landlord shall promptly notify Tenant in the event that the rent owed pursuant to this lease is modified.
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Rent Modification. Notwithstanding anything to the contrary in the Sublease, Section 7.1 shall be deleted in its entirety and shall be replaced with the following:
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Rent Modification. Notwithstanding anything to the Contrary in the Lease, Section 4.1 of the Lease is hereby deleted in its entirety and replaced with the following:
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Rent Modification. Section 1.13 of the Lease sets forth the ----------------- Minimum Guaranteed Rental Rate. The Minimum Guaranteed Rental Rate for the Lease Term is revised as follows: Year 1: $299,584.00 Annual Rent Year 2: $334,998.40 Annual Rent Year 3: $340,454.40 Annual Rent Year 4: $345,910.40 Annual Rent Year 5: $351,366.40 Annual Rent Year 6: $356,822.40 Annual Rent Year 7: $362,278.40 Annual Rent Year 8: $367,734.40 Annual Rent Year 9: $373,190.40 Annual Rent Year 10: $378,646.40 Annual Rent Additionally, Section 4.1 of the Lease is hereby deleted and substituted with the following text: The Minimum Guaranteed Rental Rate set forth in Section 1.13 shall be payable in equal monthly installments in advance on the first day of each full calendar month during the Lease Term without any setoff, deduction or prior demand whatsoever. If Tenant fails to pay any rental monthly installment within ten (10) days after said installment Is due, Tenant shall be obligated to pay a late payment charge equal to ten percent (10%) of said monthly rental installment. In addition, any monthly rental installment which is not paid within ten (10) days after the same is due shall bear interest at the rate of twelve percent (12%) from the first day due until paid. Not withstanding the preceding, the monthly rental installments due from July, 1999 through December, 2000, inclusive, shall be $22,771.91. Said monthly rental installment is equal to the $74,896.00 balance owed to Landlord for calendar year 1999 rent plus the amount owed for calendar year 2000 Annual Rent divided by eighteen.
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Rent Modification. Notwithstanding anything to the Contrary in the Lease, as of the Premises Reduction Date, Article 9 of the Original Lease shall be deemed deleted in its entirety, and Section 4.1 of the Original Lease (as amended by Section 1(c)(i) of the Second Amendment) shall be deemed deleted and replaced with the following:
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Rent Modification. Lessor and Lessee agree to amend Section 3.1 of the Lease, effective as of July 1, 2011, by deleting “US$10,000” and inserting in lieu thereof “US$12,500”.
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Related to Rent Modification

  • Amendment; Modification No supplement, modification, or amendment of this Agreement shall be binding unless executed in writing and signed by both Parties.

  • Waiver; Modification Failure to insist upon strict compliance with any of the terms, covenants, or conditions hereof shall not be deemed a waiver of such term, covenant, or condition, nor shall any waiver or relinquishment of, or failure to insist upon strict compliance with, any right or power hereunder at any one or more times be deemed a waiver or relinquishment of such right or power at any other time or times. This Agreement shall not be modified in any respect except by a writing executed by each party hereto.

  • Lease Modification Tenant agrees to modify this Lease in any way requested by a mortgagee which does not cause increased expense to Tenant or otherwise materially adversely affect Tenant's interests under this Lease.

  • Amendment; Modification; Waiver This Agreement shall not be amended, nor shall any provision of this Agreement be considered modified or waived, unless evidenced by a writing signed by the parties hereto, and in compliance with applicable provisions of the Investment Company Act.

  • Waiver and Modification Any waiver, alteration, or modification of any of the provisions of this Agreement shall be valid only if made in writing and signed by the parties hereto. Each party hereto, may waive any of its rights hereunder without affecting a waiver with respect to any subsequent occurrences or transactions hereof.

  • Waiver, Modification, Etc No provision or term of this Amendment may be modified, altered, waived, discharged or terminated orally, but only by an instrument in writing executed by the party against whom such modification, alteration, waiver, discharge or termination is sought to be enforced.

  • Waiver; Amendment; Modification The waiver by Company of a term or provision of this Agreement, or of a breach of any provision of this Agreement by me, shall not be effective unless such waiver is in writing signed by Company. No waiver by Company of, or consent by Company to, a breach by me, will constitute a waiver of, consent to or excuse of any other or subsequent breach by me. This Agreement may be amended or modified only with the written consent of both me and Company. No oral waiver, amendment or modification shall be effective under any circumstances whatsoever.

  • Amendment, Modification or Waiver No provision of this Agreement may be amended, modified or waived except by an instrument in writing signed by the Assignor and the Assignee, and consented to by the Agent.

  • Amendment and Modification This Agreement may only be amended, modified or supplemented by an agreement in writing signed by each party hereto.

  • Modification of Lease Should any current or prospective mortgagee or ground lessor for the Building or Project require a modification of this Lease, which modification will not cause an increased cost or expense to Tenant or in any other way materially and adversely change the rights and obligations of Tenant hereunder, then and in such event, Tenant agrees that this Lease may be so modified and agrees to execute whatever documents are reasonably required therefor and to deliver the same to Landlord within ten (10) business days following a request therefor. At the request of Landlord or any mortgagee or ground lessor, Tenant agrees to execute a short form of Lease and deliver the same to Landlord within ten (10) business days following the request therefor.

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