RENTAL INCREASE Sample Clauses

RENTAL INCREASE. If Tenant assigns its interest in this Lease or sublets the Premises, other than in the case of a Permitted Assignment, the Minimum Annual Rental then payable by Tenant shall be increased, effective as of the date of such Assignment, to the greater of (a) an amount equal to the total of the Minimum Annual Rental plus Percentage Rental required to be paid by Tenant pursuant to this Lease during the twelve (12) month period immediately preceding the request for Landlord's consent to the Assignment, (b) Minimum Annual Rental specified in Section 1.12, adjusted in accordance with the provisions of Section 27.21 of this Lease relating to percentage adjustments in the "Index" (as defined in Section 27.21), or (c) a sum equal to the then fair market rental value of the Premises, as the same shall be agreed upon by Landlord and Tenant. In the event Landlord and Tenant are unable to agree upon the then fair market rental value of the Premises sixty (60) days prior to the effective date of the Assignment, then the fair market rental value shall be determined in accordance with the following: The Premises shall be appraised by an M.A.I. Appraiser chosen by Landlord ("First Appraiser"). If the appraisal determined by the First Appraiser is deemed unacceptable by Tenant, then Tenant shall so advise Landlord in writing within ten (10) working days after receipt of the appraisal by the First Appraiser and Tenant shall have the right to engage an M.A.I. Appraiser ("Second Appraiser") to appraise the Premises. In the event Landlord shall deem the appraisal by the Second Appraiser to be unacceptable, then Landlord shall advise Tenant within ten (10) working days after receipt of the appraisal by the Second Appraiser, and the First Appraiser and Second Appraiser shall together choose an M.A.I. Appraiser ("Third Appraiser"). The cost of the Second and Third Appraisers shall be borne by Tenant. If the appraisal determined by the Third Appraiser is greater than the highest appraisal or lower than the lowest appraisal given by the First Appraiser and Second Appraiser, then the appraisal shall be the average of the first two (2) appraisals. If the appraisal determined by the Third Appraiser is not greater than the highest appraisal nor lower than the lowest appraisal determined by the First Appraiser and Second Appraiser, then the appraisal shall be the sum of the appraisals of the First Appraiser, Second Appraiser and Third Appraiser, divided by three (3). The appraisal process ...

RENTAL INCREASE. Upon the first (1th) anniversary of the Term Commencement Date and every subsequent period or extension thereof, the annual rent amount shall be each successive twelve (12) month period thereafter during the term of the Lease and any extended term of the Lease, the product of the Base Rent issued two months prior to the commencement date of the applicable previous annual period, multiplied by a fraction, the numerator of which shall be the figure published in the “Consumer Price Index for All Urban Consumers (CPI-U), Not Seasonally Adjusted, for Boston-Brockton-Nashua, MA-NH-ME-CT, all items, (1982-1984 equals 100)” herein referred to as CPI-U), or any successor index as published by the Bureau of Labor Statistics. A “Lease Year” under this section shall be the twelve-month period c commencing upon the first (1th) anniversary of the Term Commencement Date and each lease anniversary thereafter during the extended Term of the Lease. It is intended to adjust the annual rental mount upon the first (1th) anniversary of the Lease according to the above formula and this adjustment shall remain in effect until such adjustment is computer according to this formula on the next anniversary; however, in no event shall the annual rent amount be less than the Base Rent established hereunder as the Term Commencement Date of this Lease.

RENTAL INCREASE. Twelve (12) months after the execution date hereinabove, and every twelve months thereafter, FSS will determine if a rent increase is justified, and will inform the Locker Rental Owner of said increase, at which time the Locker Rental Owner will have 15 days to decide to continue the contract or terminate.

RENTAL INCREASE. The Base Rent shall be increased on the first day of the thirteenth (13th) month and the first day of the twenty-fifth (25th) month of the term hereof (the "Adjustment Dates") as described herein. If the Index, as defined below, most recently published prior to the Adjustment Date (the Adjustment Date Index') has increased over the Beginning Index, as defined below, the Base Rent shall be increased by multiplying the Base Rent set forth in Paragraph 4 above by a fraction, the numerator of which is the Adjustment Date Index, and the denominator of which is the Beginning Index; provided, however, that the increase in Base Rent at any Adjustment Date shall not be less than the equivalent of a four percent (4%) per year increase, nor greater than the equivalent of an eight percent (8%) per year increase. The Index, as used herein, shall mean the Consumer Price Index for All Urban Consumers - All Items (base year 1982-1984 = 100) for San Francisco-Oakland-San ▇▇▇▇ published by the United States Department of Labor, Bureau of Labor Statistics. The Beginning Index shall mean the Index which is most recently published prior to the Commencement Date.

RENTAL INCREASE. If an Assignment occurs, the Base Rent shall be increased, effective as of the date of the Assignment, to the greater of (a) an amount equal to the total of the applicable Base Rent due (for each remaining lease period set forth in Section 1.8) plus Percentage Rent required to be paid by Tenant during the twelve (12)-month period immediately preceding the request for Landlord’s consent to the Assignment, (b) Base Rent specified in Section 1.8, adjusted in accordance with the provisions of Section 21.7 of this Lease relating to percentage adjustments in the “Index” (as defined in Section 21.7), or (c) a sum equal to the then fair market rental value of the Premises, agreed upon by Landlord and Tenant. If Landlord and Tenant are unable to agree upon the then fair market rental value of the Premises, then the fair market rental value may be determined by a qualified independent appraiser chosen by Landlord and reasonably approved by Tenant. Thereafter, Base Rent shall be increased proportionately in accordance with the periodic adjustments to Base Rent as set forth in Section 1.8.

RENTAL INCREASE. Effective as of November 1, 2006, monthly Rent due under Section 3 of the Lease shall be amended to $17,045.88.

RENTAL INCREASE. Shall be on each anniversary date of this lease as provided in paragraph 30 hereof.

RENTAL INCREASE. If Tenant assigns its interest in this Lease or sublets the Premises, other than in the case of a Permitted Assignment, the Minimum Annual Rental then payable by Tenant shall be increased, effective as of the date of such Assignment, to the greater of (a) an amount equal to the total of the Minimum

RENTAL INCREASE. The Court deemed the rental adjustment from P50.00 to P150.00 reasonable, considering the unchanged rent for 20 years despite Sand ▇▇▇▇▇▇▇▇’s economic and geographic factors. The Supreme Court dismissed the appeal, affirming and reinstating the trial court’s decision and the rental assessment. 1. An action for fixing the period of a lease arises only when the issue of a contract’s validity and interpretation concerning its duration has been settled. 2. Indefinite lease terms dependent on one party’s discretion can be subject to judicial determination to establish a reasonable period under Article 1197 of the Civil Code.