Examples of First Adjustment Date in a sentence
The Base Rent (and the corresponding Monthly Installments of Base Rent) set forth at Section 2a shall be adjusted annually (the "Adjustment Date"), commencing on Tenant's First Adjustment Date.
If the Comparison Index for any Adjustment Date is equal to or less than the Comparison Index for the preceding Adjustment Date (or the Base Index, in the case of First Adjustment Date), the Base Rent for the ensuing twelve-month period shall remain the amount of Base Rent payable during the preceding twelve-month period.
The rate as thus adjusted shall remain fixed for the year following the First Adjustment Date.
Parent shall then calculate the "First Adjustment to Purchase Price" ------ as follows: FAPP = FADV - OPP where FAPP is the First Adjustment to Purchase Price; FADV is the First Adjustment Date Value as calculated on the First Adjustment Date using the Valuation Method; and OPP is the Original Purchase Price.
At the request of either party, Sublessor and Sublessee shall execute a Rent Commencement Date Memorandum within thirty (30) days following the Rent Commencement Date setting forth the Rent Commencement Date, the First Adjustment Date, and the Notice Date for each Extension Option; provided, however, any failure by either party to execute such memorandum shall not affect any of such dates.