Common use of Rental Adjustments Clause in Contracts

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.

Appears in 2 contracts

Samples: Single Tenant Lease (Microage Inc /De/), Single Tenant Lease (Microage Inc /De/)

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Rental Adjustments. Notwithstanding anything to the contrary contained in the Lease, the Base Rent commencing with the 61st sixty-first (61st) month of the term of the Lease 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 month is $58,580.0078,145.00, the Base Rent in for the 61st month shall be increased to: $89,866.00. Applicable transaction privilege taxes will be added to $67,367.00 plus applicable sales taxall rental amounts.

Appears in 1 contract

Samples: Single Tenant Lease Net (Orthologic Corp)

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Rental Adjustments. Notwithstanding anything to the contrary contained in the Lease, the Base Rent commencing with the 61st sixty-first (61st) month of the term of the Lease 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 month is $58,580.0029,811.00, the Base Rent in for the 61st month shall be increased to: $34,282.65. Applicable sales tax will be added to $67,367.00 plus applicable sales taxall rental amounts.

Appears in 1 contract

Samples: Single Tenant Lease Net (Southwall Technologies Inc /De/)

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