Percentage Adjustment definition
Examples of Percentage Adjustment in a sentence
B = the yield rate for a Treasury security (U.S. Treasury Bonds, Notes, or Bills) with time to maturity equal to the applicable Guaranteed Period, determined at the time of cash withdrawal or transfer, plus the Percentage Adjustment to Index Rate "B".
If the Percentage Adjustment is zero or negative, no indexing will be paid.
The Annual Percentage Adjustment shall be the greater of either (a) three percent (3%) of the Rent, or (b) the CPI increase as defined in the following paragraph (the "CPI Increase").
BNP PARIBAS LEASING CORPORATION, a Delaware corporation By: /s/ L▇▇▇▇ ▇.
If the Market Rate and the Extension Rent Percentage Adjustment are not determined by the first day of the Term Extension, then Tenant shall pay Landlord Base Rent in an amount equal to the Base Rent in effect immediately prior to the Term Extension until such determination is made.
The sole decision to be made shall be which of the parties' Extension Proposals in its entirety shall determine the Market Rate and the Extension Rent Percentage Adjustment for the Term Extension.
After the determination of the Market Rate and the Extension Rent Percentage Adjustment, the parties shall make any necessary adjustments to such payments made by Tenant.
Landlord and Tenant shall then execute an amendment recognizing the Market Rate and the Extension Rent Percentage Adjustment for the Term Extension.
If rates "A" and "B" are within 0.25% of each other, the Percentage Adjustment to Index Rate "B" will not be applied.
If either party fails to timely submit an Extension Proposal, the other party's Extension Proposal shall determine the Base Rent and the Extension Rent Percentage Adjustment for the Term Extension.