Base Rent Adjustments definition

Base Rent Adjustments. On each anniversary of the Rent Commencement Date, the Monthly Base Rent shall increase by $.05 per Rentable Square Foot (“Base Rent Adjustments”):
Sample 1
Base Rent Adjustments. Commencing January 1, 1999, the new monthly base rent shall be Twenty-nine Thousand Seven Hundred and no/100 ($29,700.00) Dollars. Commencing January 1, 2000, the new monthly base rent shall be Thirty Thousand Six Hundred and no/100 ($30,600.00) Dollars. Commencing January 1, 2001, the new monthly base rent shall be Thirty- one Thousand Five Hundred and no/100 ($31,500.00) Dollars. Commencing January 1, 2002, the new monthly base rent shall be Thirty- two Thousand Four Hundred Ninety and no/100 ($32,400.00) Dollars.
Sample 1
Base Rent Adjustments. As set forth in Exhibit D. OPERATING EXPENSE BASE YEAR: Year 2000 ELECTRICAL EXPENSE STOP: ($0.65) multiplied by the Building Rentable Area, which is a part of the Operating Cost Expense Stop. ADVANCE BASE RENTAL PAYMENT: N/A. SECURITY DEPOSIT: N/A. TENANT'S PROPORTION- ATE SHARE: Premises Rentable Area / Building Rentable Area = 31.65% TENANT IMPROVEMENT ALLOWANCE: $18.00 per rentable square foot contained in the Premises. TENANT PLANS AND SPECIFIC- Plan Submission Deadline: Tenant agrees to cause the construction ATIONS: plans for the Tenant Improvements, excluding the NOC) to be submitted to Landlord's engineers not later than January 7, 2000.
Sample 1

Examples of Base Rent Adjustments in a sentence

  • Base Rent Adjustments: Increase by four percent (4%) per annum, commencing on the first anniversary of the Commencement Date, and continuing annually throughout the Term.

  • If Tenant shall fail to pay any installment of Base Rent, Real Estate Taxes, Operating Expenses, or annual Base Rent Adjustments when due and payable as provided for herein, a five percent (5%) late charge shall be added to each such late installment.

  • The Base Rent for Lot 116-A will be $0.00 annually for the first TWO (2) years and $17,802.60 annually starting on the Third (3rd) anniversary of the Effective Date subject to Base Rent Adjustments and Market Adjustments as stipulated in the Development Lease.

  • Except as provided in this subsection and in subsection 10.2 of this Addendum, if LESSEE elects to extend the Original Term, all other terms and conditions of the Lease, including annual Base Rent Adjustments of 3.5%, shall remain in effect during such extended term.

  • Effective as of the Additional Base Term Commencement Date, in the introductory section of the Lease, the subsection thereof in which the term “Base Rent” is defined, is hereby amended for the Additional Base Term as follows: For the avoidance of doubt, effective as of the Additional Base Term Commencement Date, Section 4 (Base Rent Adjustments) of the Lease is inapplicable and the adjustments to Base Rent shall be governed by this Section 3(d) of this Amendment.

  • In the mid-1970s, airline regulation began a drastic transformation.17 Hearings held by Senator Edward Kennedy’s Judiciary Committee in early 1975 dramatized the costs and inconsistencies of CAB regulation, and seem to have pushed airline regulation onto the national agenda.18 Over the next three years, congressional hearings on the industry paralleled administrative reforms.

  • Accordingly, if any installment of Base Rent or any Base Rent Adjustments due from Tenant is not received by Landlord or Landlord's agent within ten (10) business days after notice of such amount is due, Tenant shall pay to Landlord a late charge equal to five percent (5%) of such overdue amount.

  • In addition to the rent payable by the Tenant under the terms of this Lease, the Tenant shall pay to the Landlord an amount equal to the excise, transaction, sales or privilege tax (except income tax) now or hereafter levied or imposed upon the Landlord by any government or governmental agency on account of, attributed to or measured by the rentals, including Base Rent, Base Rent Adjustments, or other charges or prorations paid by the Tenant hereunder.

  • Provided Tenant is not in default of any provision of this Lease, Total Monthly Rent (including Base Rent and Base Rent Adjustments) for the period commencing August 1, 1989 and ending July 31, 1990 shall be abated.

  • In addition to the rent payable by the Tenant under the terms of this Lease, the Tenant shall pay to the landlord an amount equal to the excise, transaction, sales or privilege tax (except income tax) now or hereafter levied or imposed upon the Landlord by any government or governmental agency on account of, attributed to or measured by the rentals, including Base Rent, Base Rent Adjustments, or other charges or prorations paid by the Tenant hereunder.

Related to Base Rent Adjustments

  • RENT ADJUSTMENT Any amounts owed by Tenant for payment of Operating Expenses. The Rent Adjustments shall be determined and paid as provided in Article Four.

  • Base Rental means the amount of rent due to Landlord per square foot for the first year of the Term. Base Rental for the first year of Term shall be $24 per square foot for the building and $7.50 per square foot for the drive thru at the Premises. Year Per Sq Ft First Floor Per Sq Ft Drive Thru Total Per Annum Total Per Month 1 $ 24 $ 7.50 $ 101,286 $ 8,440.50

  • Base Rent Period Annual Rate Per Square Foot Monthly Base Rent

  • Payment Adjustment Date With respect to each ARM Loan, the date on which the Borrower's Monthly Payment changes in accordance with the terms of the related Mortgage Note.

  • Minimum Rent means the sum of Thirty-Three Million, Six Hundred Seventy-Nine Thousand, Seven Hundred Sixteen and 55/100 Dollars ($33,679,716.55) per annum.

  • Monthly Rent means the monthly installment of Minimum Annual Rent plus the monthly installment of estimated Annual Operating Expenses payable by Tenant under this Lease.

  • Interest Adjustment Rate means the interest adjustment rate assigned to the Security. The initial Interest Adjustment Rate is the interest adjustment rate specified in the Table (the "Initial Interest Adjustment Rate").The Issuer may adjust, in its reasonable discretion pursuant to §315 BGB and in consideration of the relevant capital market practice and by acting in good faith (including market interest rates and the interest-rate expectations of the market), the Interest Adjustment Rate, including the Initial Interest Adjustment Rate, on any Scheduled Trading Day within the range (deviation (+) or (-)) specified in the Table for any given Security. The adjusted rate will be published without undue delay in accordance with §12.

  • Base Year Value means the assessed value of eligible property January 1 preceding the execution of the agreement plus the agreed upon value of eligible property improvements made after January 1 but before the execution of the agreement.

  • Percentage Rent As defined in Subsection 3.1(b).

  • Base Year means the period set forth in Section 5 of the Summary.

  • Interest Adjustment Date With respect to a Mortgage Loan, the date, if any, specified in the related Mortgage Note on which the Mortgage Interest Rate is subject to adjustment.

  • Direct Expenses means “Operating Expenses” and “Tax Expenses.”

  • Basic Rent means Basic Rent as defined in Paragraph 6.

  • Net Adjustment Amount means an amount, which may be positive or negative, equal to the Closing Net Working Capital as finally determined pursuant to this Section 2.9 minus the Preliminary Net Working Capital as set forth on the Preliminary Closing Statement;

  • Fixed Rent shall have the meaning set forth in Section 1.1 hereof.

  • Operating Expenses is defined to include all expenses necessary or appropriate for the operation of the Fund (or Class, as applicable), including the Advisor’s investment advisory or management fee detailed in the Investment Advisory Agreement and any Rule 12b-1 fees and other expenses described in the Investment Advisory Agreement, but does not include taxes, leverage interest, brokerage commissions, dividend and interest expenses on short sales, acquired fund fees and expenses (as determined in accordance with SEC Form N-1A), expenses incurred in connection with any merger or reorganization, or extraordinary expenses such as litigation expenses.

  • Additional Rental has the meaning set forth in Section 4.03.

  • Annual Rent means the amount payable by Tenant to Landlord in respect of each year of the Term under Article 4.01.

  • Net Rent means all rental Landlord actually receives from any reletting of all or any part of the Premises, less any indebtedness from Tenant to Landlord other than Rent (which indebtedness is paid first to Landlord) and less the Re-entry Costs (which costs are paid second to Landlord).

  • Current Rent means, in respect of each of the tenancies subject to which the lot is sold, the instalment of rent and other sums payable by the tenant in advance on the most recent rent payment date on or within four months preceding completion.

  • Annual Fixed Rent See Exhibit A, and Section 3.1.

  • CPI Adjustment means the quotient of (i) the CPI for the month of January in the calendar year for which the CPI Adjustment is being determined, divided by (ii) the CPI for January of 2007.

  • XXXXX Adjustment means, with respect to XXXXX, 0.0326% per annum.

  • Monthly Base Rent The monthly rent specified in Section 1.01(8).

  • Additional Rent means all amounts payable by the Tenant under this Lease except Base Rent, whether or not specifically designated as Additional Rent elsewhere in this Lease;

  • True-Up Adjustment means any Annual True-Up Adjustment or Interim True-Up Adjustment, as the case may be.