Common use of Rental Escalation Clause in Contracts

Rental Escalation. 2. Beginning with the first anniversary of the Commencement Date and each annual anniversary thereafter throughout the remainder of the Lease and renewal term(s), if any, the Annual Rent shall be increased by an amount equal to three percent (3%) of the previous year’s Annual Rent (the “Annual Rent Increases”), which sum shall be payable in equal monthly installments in advance as hereinafter set forth.

Appears in 1 contract

Samples: Lease (Universal Security Instruments Inc)

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Rental Escalation. 2. Beginning with the first anniversary of the Rent Commencement Date and on each annual anniversary thereafter annualanniversary hereafter throughout the remainder of the Lease lease and renewal term(s), term if any, the Annual Rent shall be increased by an amount equal to three percent (3%) of the previous year’s Annual Rent (the “Annual Rent Increases”)rent, which sum shall be payable to Landlord in equal monthly installments in advance as hereinafter set forthforth herein.

Appears in 1 contract

Samples: Tenant Improvement Agreement (Boston Biomedica Inc)

Rental Escalation. 25. Beginning with on the first anniversary Anniversary Date of the Lease Commencement Date and on each annual anniversary Anniversary Date thereafter throughout the remainder of the Lease and renewal term(s), if anyTerm, the then Annual Rent shall be increased increase by an amount equal to three two and one-half percent (32.5%) of the previous year’s Annual Rent (the “Annual Rent Increases”)Rent, which sum shall be payable in equal monthly installments in advance as hereinafter set forth.

Appears in 1 contract

Samples: Full Service Office Building Lease Agreement (Instructure Inc)

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Rental Escalation. 25. Beginning with the first anniversary of the Commencement Date commencement date of the Term and each annual anniversary thereafter hereafter throughout the remainder of the Lease and renewal term(s)term, if any, the Annual Rent shall be increased by an amount equal to three percent (3%) of the previous year’s Annual Rent (the “Annual Rent Increases”)Rent, which sum shall be payable in equal monthly installments in advance as hereinafter set forth.

Appears in 1 contract

Samples: Early Occupancy Letter Agreement (Inpixon)

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