Initial Adjustment definition

Initial Adjustment has the meaning set forth in Section 2.4(b).

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Initial Adjustment is defined in Section 2.5(a).

Initial Adjustment. Has the meaning set forth in Section 1.3(a).

Examples of Initial Adjustment in a sentence

• If the Initial Adjustment Amount shown on the Adjustment Statement is a negative number, then the Purchase Price shall be decreased by such amount.

• If the Initial Adjustment Amount shown on the Adjustment Statement is a positive number, then the Purchase Price shall be increased by such amount.

• The Index published and in effect on the 30th day preceding the Initial Adjustment Date and on the 30th day preceding each Adjustment Date thereafter ("ADJUSTMENT INDEX") is to be used in determining the amount of the increase from one year to the next.

• Beginning as of the Initial Adjustment Date and continuing on each Adjustment Date thereafter, the Base Rent shall be increased to equal the product achieved by multiplying the initial Base Rent amount by a fraction, the numerator of which shall be an amount equal to the sum of (i) the Beginning Index plus (ii) two-thirds (2/3) of the amount, if any, by which the Adjustment Index is greater than the Beginning Index, and the denominator of which will be the Beginning Index.

• The Base Rent, commencing on the first day of the calendar month immediately following the calendar month in which the third anniversary of the Commencement Date occurs ("INITIAL ADJUSTMENT DATE") shall be adjusted in accordance with the provisions of this Section 3.3 and shall, thereafter, be adjusted annually on each anniversary of the Initial Adjustment Date (each date an "ADJUSTMENT DATE") during the balance of the Term (including the First Extended Term and the Second Extended Term, if applicable).

More Definitions of Initial Adjustment

Initial Adjustment has the meaning set forth in Section 2.3(d)(i).

Initial Adjustment is defined in Section 2.4(b). "Initial Closing Statement" is defined in Section 2.4(a).

Initial Adjustment means the adjustment to the Net Merger Consideration contemplated by Section 3.4.

Initial Adjustment means $228,000.

Initial Adjustment has the meaning set forth in Section 2(f)(i) below.

Initial Adjustment shall have the meaning set forth in Section 3.3.1 hereof.

Initial Adjustment shall have the meaning ascribed to such term in Section 1.2(b).