Rent Adjustment Percentage means three percent (3%).
Rent Adjustment Percentage. “Address for Rent Payment,” “Landlord’s Notice Address,” and “Tenant’s Notice Address”, as the same appear on the first two pages of the Master Lease Agreement, are not a part of this Sublease; Section 2, Section 3, Section 4, the first sentence of the second paragraph of Section 7, the first four grammatical sentences of Section 9, Section 35, Sections 36(B) and (C), the second grammatical paragraph of Section 38, Section 39, Section 40, Section 41(a), Section 41(p) and Section 41(q), and Exhibits A and C (except Section 6 of Exhibit C, which will apply to Subtenant’s early access to install cabling and equipment, subject to the terms thereof, except that in the first grammatical sentence of Section 6 of Exhibit C “20 days” shall be substituted for “30 days”) and the First Amendment to Lease, all of the Master Lease Agreement, are not part of (and are not incorporated into) this Sublease; the references to “Landlord” in Section 26 of the Master Lease Agreement shall be deemed to mean “Master Landlord” and “Sublandlord”; the references to “Landlord” in the fifth grammatical sentence of Section 11 and Section 28 of the Master Lease Agreement shall be deemed to mean “Master Landlord” and “Sublandlord”; the references to “Landlord” in the first paragraph of Section 38 of the Master Lease Agreement shall be deemed to mean “Master Landlord” and “Sublandlord”; and the references to “Landlord” in the following sections shall mean “Master Landlord”: Section 5 (the second and third paragraphs) and the third grammatical sentence of Section 11.
Rent Adjustment Percentage. Three percent (3%) Security Deposit: $116,012 Target Commencement Date: November 12, 2021, subject to the provisions of Section 2 hereof. Base Term: Beginning on the Commencement Date and ending 60 months from the first day of the first full month of the Term (as defined in Section 2) hereof.
Examples of Rent Adjustment Percentage in a sentence
If the Market Rate and escalations are not determined by the first day of the Extension Term, then Tenant shall pay Landlord Base Rent in an amount equal to the Base Rent in effect immediately prior to the Extension Term and increased by the Rent Adjustment Percentage until such determination is made.
Base Rent shall be increased on each annual anniversary of the first day of the first full month during the Term of this Lease (each an “Adjustment Date”) by multiplying the Base Rent payable immediately before such Adjustment Date by the Rent Adjustment Percentage and adding the resulting amount to the Base Rent payable immediately before such Adjustment Date.
Base Rent shall be increased on each annual anniversary of the Rent Commencement Date (each an “Adjustment Date”) by multiplying the Base Rent payable immediately before such Adjustment Date by the Rent Adjustment Percentage and adding the resulting amount to the Base Rent payable immediately before such Adjustment Date.
If the Market Rate is not determined by the first day of the Extension Term, then Tenant shall pay Landlord Base Rent in an amount equal to the Base Rent in effect immediately prior to the Extension Term and increased by the Rent Adjustment Percentage until such determination is made.
If the Market Rate are not determined by the first day of the Extension Term, then Tenant shall pay Landlord Base Rent in an amount equal to the Base Rent in effect immediately prior to the Extension Term and increased by the Rent Adjustment Percentage until such determination is made.
More Definitions of Rent Adjustment Percentage
Rent Adjustment Percentage. (as set forth in the Lease) is hereby amended and restated to be 3.5%.”
Rent Adjustment Percentage. Base Rent: 4.00%; Improvement Rent: 2.228%. Tenant’s Share: 36.85%.
Rent Adjustment Percentage means the greater of (i) 3% or (ii) the CPI Adjustment Percentage not to exceed 6%. “CPI Adjustment Percentage” means (i) a fraction, stated as a percentage, the numerator of which shall be the Index for the calendar month 3 months before the month in which the Adjustment Date occurs, and the denominator of which shall be the Index for the calendar month 3 months before the last Adjustment Date except in the case of the adjustment on January 1, 2009 for which the denominator shall be October 2007, less (ii) 1.00. “Index” means the “Consumer Price Index-All Urban Consumers-Seattle, Tacoma, Bremerton WA Area, All Items” compiled by the U.S. Department of Labor, Bureau of Labor Statistics, (1982-84 = 100). If a substantial change is made in the Index, the revised Index shall be used, subject to such adjustments as Landlord may reasonably deem appropriate in order to make the revised Index comparable to the prior Index. If the Bureau of Labor Statistics ceases to Copyright ã 2005, Alexandria Real Estate Equities, Inc, ALL RIGHTS RESERVED, Confidential and Proprietary — Do Not Copy or Distributed. Alexandria and the Alexandria Logo are registered trademarks of Alexandria real Estate Equities, Inc. publish the Index, then the successor or most nearly comparable index, as reasonably determined by Landlord, shall be used, subject to such adjustments as Landlord may reasonably deem appropriate in order to make the new index comparable to the Index. Landlord shall give Tenant written notice indicating the Basic Annual Rent, as adjusted pursuant to this Section, and the method of computation and Tenant shall pay to Landlord an amount equal to any underpayment of Basic Annual Rent by Tenant within 15 days of Landlord’s notice to Tenant. Failure to deliver such notice shall not reduce, axxxx, waive or diminish Tenant’s obligation to pay the adjusted Basic Annual Rent; provided that Tenant shall not have any liability for late payment of the increase in the Basic Annual Rent until such notice is delivered to Tenant.
Rent Adjustment Percentage. CPI Adjustment Percentage (as defined in Section 4) but not less than 3% nor more than 5% annually. Base Term: Commencing on the Delivery Date and continuing until April 30, 2007 Permitted Use: Office and related uses consistent with the character of the Building Address for Rent Payment: Landlord's Notice Address: 000 X. Xxx Xxxxxx Xxxxxx, 135 N. Los Xxxxxx Avenue, Suite 250 Suite 250 Pasadena, CA 91101 Xxxxxxxx, XX 00000 Attention: Accounts Receivable Attention: General Counsel Tenant's Notice Address: 000 Xxxxxxxx Xxxxxx Redwood City, CA 94063 Attention: Xx. Xxxxxx Xxxx The following Exhibits and Addenda are attached hereto and incorporated herein by this reference: [X] EXHIBIT A - PREMISES DESCRIPTION [X] EXHIBIT B - DESCRIPTION OF PROJECT [X] EXHIBIT C - WORK LETTER [X] EXHIBIT D - DELIVERY DATE [X] EXHIBIT E - RULES AND REGULATIONS [X] EXHIBIT F - TENANT'S PERSONAL PROPERTY [X] EXHIBIT G - ESTOPPEL CERTIFICATE [X] EXHIBIT H - NONDISTURBANCE AGREEMENT
Rent Adjustment Percentage. The greater of 3% or the CPI Adjustment Percentage not to exceed 6%. Base Term: Beginning on the Commencement Date and ending 60 months from the first day of the first full month following the Rent Commencement Date. Permitted Use: Research and development laboratory, related office and other related uses consistent with the character of the Project and otherwise in compliance with the provisions of Section 7 hereof. Address for Rent Payment: 300 X. Xxxxxxxx Xxxxxxxxx, Xxxxx 000 Xxxxxxxx, XX 00000 Attention: Accounts Receivable Landlord’s Notice Address: 300 X. Xxxxxxxx Xxxxxxxxx, Xxxxx 000 Xxxxxxxx, XX 00000 Attention: Corporate Secretary Tenant’s Notice Address: 1000 Xxxxxxxx Xxxxxx, Xxxxx 000 Xxxxxxx, Xxxxxxxxxx 00000 Attention: Rxxx Xxxxxxxxx The following Exhibits and Addenda are attached hereto and incorporated herein by this reference: x EXHIBIT A - PREMISES DESCRIPTION x EXHIBIT B - DESCRIPTION OF PROJECT x EXHIBIT C – WORK LETTER x EXHIBIT D - COMMENCEMENT DATE x EXHIBIT E - RULES AND REGULATIONS x EXHIBIT F – TENANT’S PERSONAL PROPERTY x EXHIBIT G – REMOVABLE IMPROVEMENTS
Rent Adjustment Percentage. As defined in Article L.
Rent Adjustment Percentage. Base Rent: 4.00%; Improvement Rent: 2.228%. TENANT'S SHARE: 36.85%.