Rent Adjustment Dates definition

Rent Adjustment Dates means each and every December 1 during the Term.
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Rent Adjustment Dates. The Rent Adjustment Dates shall be the fifth, tenth, and fifteenth anniversary dates of the Commencement Date.
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Rent Adjustment Dates means (A) the first (1st) day of the twelfth (12th) full calendar month following the month in which the Rent Commencement Date occurs (the “Initial Adjustment Date”), and (B) each anniversary of the Initial Adjustment Date during the Initial Term, but excluding any anniversary of the Initial Adjustment Date during an Extension Period.
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Examples of Rent Adjustment Dates in a sentence

  • The foregoing shall not prevent cumulative increases or decreases of either Percentage Rent Multiplier by more than 10% over multiple Percentage Rent Adjustment Dates.

  • These increases will be in lieu of (i) increases as of Rent Adjustment Dates, as set forth in the Restated Ground Lease, as amended (collectively, the “Restated Ground Lease”), and (ii) the charges set forth in the Agreement dated as of March 29, 2011 between Rivercross and RIOC with respect to Rivercross’ use and occupancy of 517 and 535 Main Street.

  • If the parties have not so agreed by the applicable Rent Adjustment Dates, the determination shall be made by appraisal as more specifically provided in Section 2.2 (c) below.

  • Rent Adjustment Date(s) (Section 4.2): Not applicable Rent Increase Percentage (Section 4.2): Not applicableUse (Section 6.1): See Addendum 6.1(a) Security Deposit (Section 18.3): One Thousand Dollars ($1,000.00)Notice Address of Landlord (Section 20.1): Treasure Island Development AuthorityTreasure Island Project Office One Avenue of Palms Building 1, 2nd Floor Treasure IslandSan Francisco, CA 94130 Attn: Robert P.

  • The parties written agreement within ninety (90) days before the applicable Rent Adjustment Dates shall be a conclusive determination between the parties of the fair market value for the period to which the adjustment applies.

  • Effective as of the first day of the eleventh (11th), twenty-first (21st), thirty-first (31st), forty-first (41st) and fifty-first (51st) Years of the Lease Term and, if the Lease Term is extended pursuant to Section 2.4.2, as of the commencement of each Option Term (the "Rent Adjustment Dates"), the Monthly Rent shall be adjusted in accordance with Sections 3.1.3.1 through 3.1.3.3, below.

  • Term (Section 3.1): Estimated commencement date: June 1, 2008; Expiration date: May 31, 2013 Base Rent (Section 4.1): Monthly Base Rent: $ 2,100.00 Rent Adjustment Dates (Section 4.2): The Base Rent shall be adjusted on the first anniversary of the commencement date as set forth in Section 3.1 hereof, and each successive anniversary date during the term.

  • Base Rent (Section 5.1): Six Thousand and Three Hundred Dollars ($6,300.00) per month (Twenty One Cents ($0.21) per square foot) Rent Adjustment Date(s) (Section 5.2): Not applicable Rent Increase Percentage (Section 5.2): Not applicableUse (Section 7.1): Woodshop, display in connection with Subtenant's cabinetmaking business, and general storage of tools, materials, supplies and other related nonhazardous materials and equipment only and for no other purpose.

  • However, if the Rent Escalation Condition has not been met as of one or more Rent Adjustment Dates, the Initial Rate for the next Lease Year with respect to which the Rent Escalation Condition is satisfied shall be determined as if the Rent Escalation Condition had been satisfied as of all previous Rent Adjustment Dates and the Initial Rate had escalated pursuant to, and in accordance with, this §2(a) for all prior periods.

Related to Rent Adjustment Dates

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

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

  • 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.

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

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

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

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

  • SOFR Adjustment Date means the second U.S. Government Securities Business Day before the first day of such Interest Period.

  • Base Interest Rate means a rate of interest based on the LIBOR-Rate. "Base Interest Rate Loan" means amounts outstanding under this note that bear interest at a Base Interest Rate. "Base Rate Maturity Date" means the last day of the Interest Period with respect to principal outstanding under a Base Interest Rate Loan. "Business Day" means a day on which Bank is open for business for the funding of corporate loans, and, with respect to the rate of interest based on the LIBOR Rate, on which dealings in U.S. dollar deposits outside of the United States may be carried on by Bank. "Interest Period" means with respect to funds bearing interest at a rate based on the LIBOR Rate, any calendar period of one, three, six, nine or twelve months. In determining an Interest Period, a month means a period that starts on one Business Day in a month and ends on and includes the day preceding the numerically corresponding day in the next month. For any month in which there is no such numerically corresponding day, then as to that month, such day shall be deemed to be the last calendar day of such month. Any Interest Period which would otherwise an on a non-Business Day shall end on the next succeeding Business Day unless that is the first day of a month, in which event such Interest Period shall end on the next preceding Business Day. "LIBOR Rate" means a per annum rate of interest (rounded upward, if necessary, to the nearest 1/100 of 1%) at which dollar deposits, in immediately available funds and in lawful money of the United Sates would be offered to Bank, outside of the United Sates, for a term coinciding with the Interest Period selected by Debtor and for an amount equal to the amount of principal covered by Debtors' interest rate selection, plus Bank's costs, including the costs, if any, of reserve requirements. "Origination Date" means the first day of the Interest Period. "Reference Rate" means the rate announced by Bank from time to time at its corporate headquarters as its Reference Rate. The Reference Rate is an index rate determined by Bank from time to time as a means of pricing certain extensions of credit and is neither directly tied to any external rate of interest or index nor necessarily the lowest rate of interest or index nor necessarily the lowest rate of interest charged by Bank at any given time.

  • Class A-1 Final Scheduled Payment Date means the Payment Date occurring in May 2023.

  • 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

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

  • Class A-2 Final Scheduled Payment Date means the Payment Date occurring in February 2027.

  • Base Interest Fraction With respect to any Principal Prepayment on any Mortgage Loan and with respect to any Class of the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-AB, Class A-S, Class B, Class C, Class D and Class E Certificates, a fraction (a) whose numerator is the amount, if any, by which (i) the Pass-Through Rate on such Class of Certificates exceeds (ii) the discount rate used in accordance with the related Loan Documents in calculating the Yield Maintenance Charge with respect to such Principal Prepayment (or, if the Yield Maintenance Charge is a fixed percentage of the principal balance of the related Mortgage Loan, the yield rate applicable to any related yield maintenance charge or that is otherwise described in the related Loan Documents) and (b) whose denominator is the amount, if any, by which (i) the Mortgage Rate on such Mortgage Loan exceeds (ii) the discount rate used in accordance with the related Loan Documents in calculating the Yield Maintenance Charge with respect to such Principal Prepayment (or, if the Yield Maintenance Charge is a fixed percentage of the principal balance of the related Mortgage Loan, the yield rate applicable to any related yield maintenance charge or that is otherwise described in the related Loan Documents); provided, however, that under no circumstances shall the Base Interest Fraction be greater than one. If the discount rate referred to in the preceding sentence is greater than or equal to both of (x) the Mortgage Rate on the related Mortgage Loan and (y) the Pass-Through Rate described in the preceding sentence, then the Base Interest Fraction shall equal zero, and if such discount rate is greater than or equal to the Mortgage Rate on such Mortgage Loan, but less than the Pass-Through Rate described in the preceding sentence, then the Base Interest Fraction shall equal one.

  • 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;

  • Final Scheduled Payment Date means the Class A-1 Final Scheduled Payment Date, the Class A-2a Final Scheduled Payment Date, the Class A-2b Final Scheduled Payment Date, the Class A-3 Final Scheduled Payment Date, the Class A-4 Final Scheduled Payment Date or the Class B Final Scheduled Payment Date, as the context requires.

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

  • Class C Final Scheduled Payment Date means the Payment Date occurring in August 2022.

  • 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.

  • 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.