Subsequent Lease Years Sample Clauses

Subsequent Lease Years. During the Lease Years two (2) through five (5), Rent shall increase each Lease Year by two percent (2%) over Rent paid during the immediately preceding Lease Year. Commencing with the sixth (6th) Lease Year and during each subsequent Lease Year through the end of the Term, Rent shall increase each Lease Year by two and one-half percent (2.5%) over Rent paid during the immediately preceding Lease Year.
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Subsequent Lease Years. For each Lease Year after the initial Lease Year, the first semi-annual installment of Base Rent shall be due and payable on January 1 or July 1 of that Lease Year, as applicable, and the second semi-annual installment of Base Rent for such Lease Year shall be due and payable on January 1 or July 1 of such Lease Year, as applicable.
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Subsequent Lease Years. Commencing on the first day of the second (2nd) Lease Year and continuing on the first day of each Lease Year thereafter through the end of the Initial Term and during the Renewal Term, the Rent due each Lease Year shall increase by two and one-half percent (2.5%) over the Rent payable for the immediately preceding Lease Year.
Sample 1
Subsequent Lease Years. Commencing with the second (2nd) Lease Year of the Initial Term and continuing each Lease Year thereafter through the end of the Initial Term, Rent due each Lease Year shall equal the amount of Rent payable for the immediately preceding Lease Year as increased by two percent (2%). Commencing with the first Lease Year of the Renewal Term (if any) and during each subsequent Lease Year through the end of the Term, Rent shall increase each Lease Year by two and one-half percent (2.5%) over Rent paid during the immediately preceding Lease Year.
Sample 1
Subsequent Lease Years. Rent shall increase annually on each anniversary date of the Term by the amount of 1.5% of the annual amount of Rent for the preceding Lease Year.
Sample 1
Subsequent Lease Years. The annual rent for each Office/Warehouse Locations for Lease Years after the first Lease Year shall be equal to an amount equal to the product of the annual rent for the immediately preceding Lease Year multiplied by a fraction, the numerator of which shall be the Index (as defined below) last published prior to the first month of the Lease Year in question and the denominator of which shall be the Index last published prior to the first month of the immediately preceding Lease Year. Notwithstanding the foregoing, in no event shall the annual increase be more than five percent (5%) from the previous Lease Year.
Sample 1
Subsequent Lease Years 
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Related to Subsequent Lease Years

  • Lease Term The terms and provisions of this Lease shall be effective as of the date of this Lease. The term of this Lease (the “Lease Term”) shall commence on the “Lease Commencement Date,” as that term is set forth in Section 3.2 of the Summary, and shall terminate on the “Lease Expiration Date,” as that term is set forth in Section 3.3 of the Summary, unless this Lease is sooner terminated as hereinafter provided. Tenant hereby acknowledges that the Premises are currently occupied by another tenant of the Building. If Landlord is unable for any reason to deliver possession of the Premises to Tenant on any specific date , then Landlord shall not be subject to any liability for its failure to do so, and such failure shall not affect the validity of this Lease or the obligations of Tenant hereunder. For purposes of this Lease, the term “Lease Year” shall mean each consecutive twelve (12) month period during the Lease Term. At any time during the Lease Term, Landlord may deliver to Tenant a notice in the form as set forth in Exhibit C, attached hereto, as a confirmation only of the information set forth therein, which Tenant shall execute and return to Landlord within ten (10) business days of receipt thereof; provided, however, Tenant’s failure to execute and return such notice to Landlord within such time shall be conclusive upon Tenant that the information set forth in such notice is as specified therein. In addition to the foregoing, subject to any delays caused by Tenant or any Tenant Parties and events of Force Majeure, if Landlord fails to tender possession of the Premises to Tenant on or before January 2, 2015 (the “Base Rent Delivery Date”), Tenant shall be entitled to one (1) day of per diem Base Rent abatement for each day commencing on the day after the Base Rent Delivery Date and ending on the date Landlord so tenders possession of the Premises to Tenant. Any such Base Rent Abatement shall be separate from and in addition to any Rent Abatement described in Section 3.2 below.

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