Basic Rent Adjustment Date definition

Basic Rent Adjustment Date means Basic Rent Adjustment Date as defined in Exhibit "D".
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Basic Rent Adjustment Date is defined in Paragraph 3 of Exhibit D.
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Basic Rent Adjustment Date means, as applicable, the Auburn Basic Rent Adjustment Date, the Bluffton Basic Rent Adjustment Date, and the Clinton Basic Rent Adjustment Date.
Sample 1

Examples of Basic Rent Adjustment Date in a sentence

  • The product of such multiplication shall be added to the Basic Rent in effect immediately prior to such Basic Rent Adjustment Date.

  • On the First Basic Rent Adjustment Date $1,030,452 of Basic Rent shall be adjusted to reflect increases in the CPI during the three year period preceding March 1, 1998 and $574,428 of Basic Rent shall be adjusted to reflect increases in the CPI for the one year period preceding March 1, 1998.

  • After the expiration of such initial five (5) year period of the Extended Term, Rent shall escalate as set forth in Section 4 below, and the date Tenant exercised the Extension Option shall act as the Commencement Date for purposes of setting the Basic Rent Adjustment Date pursuant to Section 4.(b )(ii).

  • However, this is a key outstanding issue with the Trust Framework that must be resolved.

  • On the Second Basic Rent Adjustment Date that portion of the Basic Rent described in Paragraph 1(a) and Paragraph 1(b) shall be adjusted to reflect changes in the CPI during the three year period preceding March 1, 2001 and that portion of the Basic Rent described in Paragraph 1(c)(ii) shall be adjusted to reflect changes in the CPI for the period from June 1, 1999 to and including March 1, 2001.

  • An amount equal to the lesser of (A) the product of such multiplication or (B) $145,960 with respect to the first Basic Rent Adjustment Date and the product of the Basic Rent in effect immediately prior to such Basic Rent Adjustment Date multiplied by 12% with respect to each succeeding Basic Rent Adjustment Date, shall be added to the Basic Rent in effect immediately prior to such Basic Rent Adjustment Date.

  • An amount equal to the lesser of (x) the product of such multiplication or 5% of the Basic Rent in effect immediately prior to such Basic Rent Adjustment Date shall be added to the Basic Rent in effect immediately prior to such Basic Rent Adjustment Date; provided, however, that if for any two (2) year period the percentage increase in the CPI is less than 5% the difference between 5%, and the actual percentage increase shall be carried forward for purposes of calculating subsequent Basic Rent increases.

  • An amount equal to the lesser of (x) the product of such multiplication or 10.07% of the Basic Rent in effect immediately prior to such Basic Rent Adjustment Date shall be added to the Basic Rent in effect immediately prior to such Basic Rent Adjustment Date.

  • As of the fourth (4th) anniversary of the First Full Basic Rent Payment Date and thereafter on the eighth (8th) and, if the initial Term is extended, on the twelfth (12th), sixteenth (16th) and twentieth (20th) anniversaries of the First Full Basic Rent Payment Date, Basic Rent shall be adjusted to reflect increases in the CPI during the most recent four (4) year period immediately preceding each of the foregoing dates (each such date being hereinafter referred to as the "Basic Rent Adjustment Date").

  • An amount equal to the sum determined in accordance with preceding sentence shall be added to the Basic Rent in effect immediately prior to such Basic Rent Adjustment Date.

Related to Basic Rent Adjustment Date

  • 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.

  • 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.

  • 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.

  • Basic Rent Payment Date means the Delivery Date, and the numerically corresponding day in each calendar month thereafter during the Term, and if such day is not a Business Day, then the immediately preceding calendar day which is a Business Day.

  • Adjustment Date As to each Adjustable Rate Mortgage Loan, each date on which the related Mortgage Rate is subject to adjustment, as provided in the related Mortgage Note.

  • Initial Adjustment Date As to any Adjustable Rate Mortgage Loan, the first Adjustment Date following the origination of such Mortgage Loan.

  • 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.

  • LIBOR Adjustment Date With respect to any Payment Date, the second business day before the related Accrual Period begins. For this purpose, a “business day” is a day on which banks are open for dealing in foreign currency and exchange in London, New York City and Washington, D.C.

  • Adjustment Day means the first calendar day in each month.

  • Base Rental means the sum of Seven Hundred Nineteen Thousand Two Hundred Sixty-Eight and NO/100 Dollars ($719,268.00), payable by Tenant to Landlord in sixty (60) monthly installments as follows:

  • 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.

  • Class B Final Scheduled Payment Date means the Payment Date occurring in June 2021.

  • Rent Payment Date means each date on which an installment of rent is due and payable pursuant to Section 5(a) hereof.

  • LIBOR Rate Adjustment Date With respect to each Distribution Date, the second LIBOR Business Day immediately preceding the commencement of the related Interest Accrual Period.

  • Base Rent As defined in Section 3.1.

  • 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.

  • 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;

  • Class A-1 Final Scheduled Payment Date means the Payment Date occurring in August 2024.

  • Minimum Rent means Forty-Four Million Four Hundred Eleven Thousand Six Hundred Eighteen and 00/100ths Dollars ($44,411,618.00), subject to adjustment as provided in Section 3.1.1(b).

  • Interest Rate Adjustment Date With respect to each Adjustable Rate Mortgage Loan, the date, specified in the related Mortgage Note and the related Mortgage Loan Schedule, on which the Mortgage Interest Rate is adjusted.

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

  • Class C Final Scheduled Payment Date means the Payment Date occurring in December 2024.

  • Class D Final Scheduled Payment Date means the Payment Date occurring in April 2021.

  • Rate Adjustment Date With respect to each ARM Loan, the date on which the Note Rate adjusts.

  • Class A-2 Final Scheduled Payment Date means the Payment Date occurring in February 2020.

  • Adjustment Year has the meaning ascribed to said phrase under Section 6225(d)(2) of the Code.