Rental Adjustments. 6.1 The Basic Annual Rent then in effect (and as previously increased pursuant to this Section 6.1) shall be increased each year by three percent (3%) on each annual anniversary of the Term Commencement Date for so long as this Lease continues in effect.
Rental Adjustments. XXXXXX agrees that the rental of the premises herein described and any future additions thereto, shall be adjusted on the anniversary of this agreement at three (3) year intervals. XXXXXX agrees that the new rental rate shall constitute an increase to the previous rental rate by the corresponding increase of the Consumer Price Index for All Urban Consumers (CPI-U) for the previous three (3) years.
Rental Adjustments. (A) Operating Expense. Commencing on the Commencement Date and during the Term of this Lease, Tenant shall pay to Landlord the Operating Expense Charges in equal monthly installments of Landlord’s estimate of such Operating Expense Charges, the first of which shall be payable on date hereof. Landlord may reasonably change its estimate of the Operating Expense Charges from time to time (but no more than twice per Operating Year) upon written notice to Tenant, whereupon Tenant shall pay such revised amount as is reasonably determined by Landlord on the later of the next monthly payment coming due or thirty (30) days after written notice of such revised amount is received. Within one hundred twenty (120) days following the end of the first and each succeeding Operating Year, Landlord shall furnish Tenant a statement pertaining to Operating Expenses certified as true and correct by an officer of Landlord and setting forth (i) the actual Operating Expenses (as defined below) for the preceding Operating Year (broken down on a category by category basis), (ii) Tenant’s actual Operating Expense Charges for the previous Operating Year and the amounts paid by Tenant on account thereof, (iii) Tenant’s Operating Expense Adjustment (as defined below), if any, for such Operating Year, and (iv) if elected by Landlord, Landlord’s estimate of the Operating Expense Charges for the then current Operating Year (the “Operating Expense Statement”). If the actual Operating Expense Charges for any Operating Year shall be greater than the payments made by Tenant on account of such Operating Expense Charges, Tenant shall pay to Landlord, as additional rent and within thirty (30) days following the receipt by Tenant of such Operating Expense Statement (the “Expense Adjustment Date”), an amount equal to such difference (the amount of such difference is hereinafter referred to as the “Operating Expense Adjustment”). If Tenant’s payments on account of Operating Expense Charges for an Operating Year exceed the actual Operating Expense Charges for such Operating Year, then Landlord shall pay any such amounts owed to Tenant within thirty (30) days after the Expense Adjustment Date (even if such reconciliation occurs after the end of the Term). If Tenant occupies the Premises or portion thereof for less than a full Operating Year, the Operating Expense Charges will be calculated in proportion to the amount of time in such Operating Year that Tenant occupied the Premises. Notwithstanding an...
Rental Adjustments. The Basic Monthly Rent shall be increased periodically in accordance with the provisions of attached Addendum No. 1 to this Lease.
Rental Adjustments. The calculation and payment of Rental during the Primary Period are subject to adjustment in accordance with the provisions of the Financial Schedule.
Rental Adjustments. Rent shall be adjusted each year in accordance with the procedures provided hereinafter.
Rental Adjustments. Notwithstanding anything to the contrary contained in the Lease, the Base Rent commencing with the 61st month shall be increased to 115% of the Base Rent in the immediately preceding month. For example, if there are no changes in the Base Rent pursuant to Paragraph 54 or otherwise such that the Base Rent in the 60th months is $58,580.00, the Base Rent in the 61st month shall be increased to $67,367.00 plus applicable sales tax.
Rental Adjustments. 6.1 The Basic Annual Rent then in effect (and as previously increased pursuant to this Section 6.1) shall be increased each year of the term and any extended term by three percent (3%). The first such increase shall become effective commencing with that monthly rental installment which is first due on or after the first (1st) anniversary of the Term Commencement Date and subsequent increases shall become effective on the same day of each calendar year thereafter for so long as this Lease continues in effect.
Rental Adjustments. 3.1 If the Reviewed Rent has not been agreed or determined in accordance with the provisions of this Schedule 2 before the Review Date, then, until the Reviewed Rent has been so agreed or determined, the Tenant will continue to pay, on account, rent at the rate of yearly rent payable immediately before the Review Date.
3.2 The Tenant will pay to the Landlord, within fourteen days after the time that the Reviewed Rent has been agreed or determined, all arrears of the Reviewed Rent which have accrued in the meantime, with interest equal to the base rate of Barclays Bank PLC on each of the instalments of the arrears from the time that it would have become due if the market rent had then been agreed or determined until payment becomes due from the Tenant to the Landlord under this paragraph 3 (Rental adjustments).
Rental Adjustments. The Annual Rent payable under this Lease shall be increased on October 1, 2001 and every five (5) years thereafter (each, an “Increase Date”) during the Lease Term as follows:
(a) The basis for computing the increase shall be the Consumer Price Index for all Urban Consumers - All Items U.S. Cities Average, published monthly by the Bureau of Labor Statistics of the United States Department of Labor (Base Period 1982-1984=100) (“Index”), published on September 20, 1996 for August, 1996, i.e., 157.3 (the “Beginning Index”).
(b) If the Index published for the date nearest the applicable Increase Date (the “Extension Index”) has increased over the Beginning Index, the Annual Rent will be calculated by multiplying the then Annual Rent by a fraction, the numerator of which is the Extension Index and the denominator of which is the Beginning Index, not to exceed an increase equal to 10% of the Annual Rent in effect during the five-year period immediately preceding the applicable Increase Date.
(c) In the event the Extension Index is not available on the applicable Increase Date, Tenant will continue to pay the Annual Rent in effect immediately prior to the Increase Date. As soon as practicable, Landlord will furnish Tenant with a true copy of the Extension Index figure together with a computation of the increase in the Annual Rent for the ensuing five-year period, if any, and an appropriate adjustment will be paid within 30 days of Tenant’s receipt of Landlord’s statement.
(d) If the Index is changed so that the base year differs from that in effect on the Commencement Date, the Index shall be converted in accordance with the conversion factor published by the Bureau of Labor Statistics. If the Index is discontinued or revised during the Lease Term, such other governmental index or computation with which it is replaced will be used in order to obtain substantially the same result as would be obtained if the Index had not been discontinued or revised.
