RENTAL RATE ADJUSTMENT. On and after the expiration of the initial term of this lease, the Landlord, at Landlord's discretion, may alter the rental rate in effect provided only that written notice of such alteration is delivered as first class mail to the US Postal Service, postage prepaid at least fifteen (15) days prior to the effective date of alteration.
RENTAL RATE ADJUSTMENT. On and after the expiration of the initial term of this lease, the Landlord, at Xxxxxxxx's discretion, may alter the rental rate in effect provided only that written or e-mailed notice of such alteration is delivered prior to the effective date of alteration.
RENTAL RATE ADJUSTMENT. The Base Rent shall be adjusted annually at each anniversary of the Commencement Date of this Lease based upon the most recently published revised Consumer Price Index of the United States Bureau of Labor Statistics. The adjustment, if any, in each year shall be implemented by increasing the Base Rent during the ensuing year to the extent that there is an increase in the revised Consumer Price Index escalator.
RENTAL RATE ADJUSTMENT. The Minimum Annual Rent for the Permanent Term of this Lease shall be as provided in Subsection 4.02 hereof. Such Minimum Annual Rent shall be subject to adjustment at one (1) year intervals, the first adjustment to be effective on a day that is two (2) years after the Commencement Date, with subsequent adjustments to occur each year thereafter. The amount of said adjustments shall be determined as set forth in Subsection 6.02 hereof.
RENTAL RATE ADJUSTMENT. On and after the expiration of the initial term of this lease, the tenant is subject to a 5% increase as expressed in #9 Renewal Terms of the Residential Rental Agreement.
RENTAL RATE ADJUSTMENT. Notwithstanding the month-to-month term of this Agreement, annually as of October 1, the cost based rental rates, pursuant to Article 3.01 (Monthly Rental) above, applicable to the Premises leased hereunder, shall be subject to recalculation and adjustment in accordance with the policies and formulae approved in Board of County Commissioners’ Resolution No R-1054-90, adopted on September 27, 1990, as such may be amended from time to time. When such adjusted rental rates are established, this Agreement shall be considered and deemed to have been administratively amended to incorporate such rental rates, effective as of such October 1 date. Such rental rates shall be reflected herein by letter amendment hereto. Payments for any retroactive rental adjustments shall be due upon billing by the Department and payable within ten calendar days of same.
RENTAL RATE ADJUSTMENT. The monthly rental rate is established each year by the Landlord. Rates shall be adjusted so as to maintain a fair rental rate. Subsequent to such review, new monthly rental rates will be published in the City of Lynden Unified Fee Schedule. Rental rates will also be adjusted according to the current leasehold tax rate.
RENTAL RATE ADJUSTMENT. To provide for changes in land values, the ---------------------- monthly rentals as set forth in 3.1(a) above will, at the election of Lessor, be adjusted to reflect any increase in the Consumer Price Index ("Index"), All Items - U.S. Cities Average, published in the monthly labor review by the Bureau of Labor Statistics, U.S. Department of Labor (1982-1984 = 100). Implementation of the cost of living index rent adjustment will be made on the fifth anniversary date of the lease and every five years thereafter (on the anniversary date) for the primary term and any extensions thereof. The rental adjustments will be made by multiplying the monthly rent by a fraction, the numerator of which is the Index published two (2) months prior to the date of adjustment, and the denominator of which is the Index as of 60 months prior to the date of the Index used in establishing the numerator. The rental rate adjustment for each five-year period will not exceed 25 percent of the monthly rent for the rental term immediately prior to the adjustment. If for any reason there is a major change in the method of calculation or formulation of the Consumer Price Index, or should the Consumer Price Index no longer be published, then the parties will mutually select the commodity index satisfactory to both. If the parties cannot agree upon a substitute index, then the index shall be established through the arbitration procedures set forth in Section 3.3. Notwithstanding the provisions of this Subsection, in no event will the adjusted rental rate exceed the rental rate on a per acre basis for other available real property at the Tulsa Port of Catoosa similarly classified by Lessor, in its sole discretion, hereafter and from time to time.
