Adjusted Rent. The Landlord reserves the right, at the end of the Initial Term and any Renewal Terms, to adjust the annual rent based on prevailing market conditions, by DRAFT increasing the annual rent subject to all City Sites on a non-discriminatory basis between Tenant and all other tenants of city sites. If the Parties cannot agree to the proposed increase in rent, an independent real estate appraiser will be engaged at the expense of Tenant to determine the appropriate increase in rent. Both Parties must agree on the independent appraiser. If the rent is not adjusted at the end of the Initial Term or any Renewal Terms, the same annual rent methodology will remain in effect during the Renewal Term including the annual escalation factor of three percent (3%).
Adjusted Rent. The then-current Rent shall be reviewed and adjusted annually on each Review Date during the Lease Term as follows. On each Review Date, the Base Rent shall be increased by the greater of (i) three percent or (ii) the percentage of change that the Price Index published for the month that is two months prior to the then current Review Date has increased when compared to the Base Index; the “Base Index” for the adjustment shall be the Price Index for the month that is two months preceding the Effective Date. The formula for (ii) shall be: Adjusted Rent = $Base Rent x Index two months prior to Review Date Base Index Should the base period for the Price Index be changed, the Base Index shall be adjusted to the new base period and the adjustment formula will remain the same. In no event shall the Rent for any one-year period be less than the rental for the preceding one-year period.
Adjusted Rent. The Tenant acknowledges and agrees that 90 days written notice is adequate and reasonable notice for the Tenant to remove its fixtures and vacate the Premises. ACCESS ROAD AGREEMENT THIS AGREEMENT is deemed to be in effect. March 1, 1988. BETWEEN: BCR PROPERTIES LTD. ("BCR") AND: LIGNUM LIMITED 3500 - 666 Burrard Street Vancouver, British Columbxx X0X 0X0 xxx XXXXXXXX XXXX. XXXXXX XXXXUCTS 180 Hodgson Road Williams Lake, British Columbia ("L & J")
Adjusted Rent. During the one (1) year period beginning with each -------------- Adjustment Date, the monthly rent payable by Lessee shall reflect an adjustment, as herein provided, for the change, if any, from the year in which the Commencement Date falls, in the Consumer Price Index for Urban Wage Earners and Clerical Workers, Los Angeles area [Base Year 1982 - 84=100] ("CPI") as measured in February and published by the United States Department of Labor, Bureau of Labor Statistics; i.e., during the one (1) year period beginning with the Lease Agreement - Hibernia Page 5 Adjustment Date, the monthly rent shall be the product obtained by multiplying the Base Rent times a fraction, the numerator of which shall be the CPI for February of the year such Adjustment Date falls and the denominator of which shall be the CPI for February of the year in which the Commencement Date falls. Notwithstanding the results of the foregoing calculation, the annual base rent payable by Lessee hereunder shall not in any event be less than 103% of the annual base rent payable during the immediately preceding one (1) year period. In the event that the Bureau of Labor Statistics shall change the base period for the CPI, the new index number shall be substituted for the old index number in making the above computation. In the event the Bureau of Labor Statistics ceases publishing the CPI, or materially changes the method of its computation, Lessor and Lessee shall accept comparable statistics on the purchasing power of the consumer dollar as published at the time of said discontinuation or change by a responsible financial periodical of recognized authority to be chosen by Lessor subject to reasonable consent of Lessee.
Adjusted Rent. Sublessee’s Rent shall increase by ____ each year on the anniversary of the Commencement Date for the Term of this Sublease.
Adjusted Rent. In addition to the foregoing Base Rent, Lessee shall pay, as additional rent, such amount as may be necessary to reimburse the Lessor for the Lessee's share in any increase in Operating Expenses over the Base Operating Expense as hereinbefore defined, for each year of the lease term (the "Adjusted Rent"). The Adjusted Rent shall be paid on or before ten (10) days after receipt of notice of the amount of the Adjusted Rent from the Lessor and shall be that percentage of the increase in Operating Expenses that the total space rented by the Lessee if of the total net rentable space in the building (currently anticipated to be 37,200 square feet). At the option of the Lessor, Lessee may be billed monthly for one-twelfth (1/12) of the Adjusted Rent, as estimated by Lessor on a calendar year projection basis. In the event Lessee's share of the actual Adjusted Rent is less than the estimated Adjusted Rent payments collected by Lessor from Lessee, Lessor shall credit the difference to future payments of Lessee's Adjusted Rent. In the event Lessee's share of the actual Adjusted Rent is more than the estimated Adjusted Rent payments collected by Lessor from Lessee, Lessee shall pay Lessor for any difference within ten (10) days after receipt of a bill for the amount of such difference.
Adjusted Rent. The then-current Rent shall be reviewed and adjusted annually on each anniversary of the Commencement Date (the “Review Date”) during the Term of this Lease based on the change in the Consumer Price Index for All Urban Consumers (CPI-U) for the United States City Average for All Items, 1982-84=100 as published by the U.S. Department of Labor’s Bureau of Labor Statistics or the most closely equivalent successor thereto in the event the Index is terminated or changed (the “Index”). The “Base Index” for the adjustment shall be the Index for the month that is two months preceding the Commencement Date. On each Review Date, the Base Rent shall be increased by the greater of (i) three percent or (ii) the percentage of change that the Index published for the month that is two months prior to the then current Review Date has increased when compared to the Base Index. The formula for (ii) shall be: Adjusted Rent = $Base Rent x Index two months prior to Review Date Base Index Should the base period for the Index be changed, the Base Index shall be adjusted to the new base period and the adjustment formula will remain the same. In no event shall the Rent for any one-year period be less than the rental for the preceding one-year period.
Adjusted Rent. During the Second Amendment Term, Tenant shall pay to Landlord the monthly sum of Sixty-Nine Thousand Four Hundred Sixty-Three ($69,463) Dollars of Base Rent in accordance with the provisions of the Original Lease. Notwithstanding anything in this Paragraph 6 of the Second Amendment to the contrary and so long as Tenant is not in default under this Lease, as a concession to Tenant, Landlord hereby grants to Tenant a credit in the amount of Sixty-Nine Thousand, Four Hundred Sixty-Three ($69,463) Dollars (the “Rent Credit”) to be applied against the installment of Base Rent due for the first (1st) month of the Second Amendment Term (as defined herein). Upon any termination by Landlord of the Lease or Tenant’s right to possess the Premises due to an “Event of Default” (as defined in Section 14 of the Original Lease), Tenant shall be obligated to immediately pay to Landlord the unamortized portion of the Rent Credit.
Adjusted Rent. Section 4.1.4 of the Existing Lease is hereby deleted in its entirety, and the following text is substituted therefor:
Adjusted Rent. Adjusted Rent during the Term shall be set forth in Section 1.1 and shall be determined respectively for the 30th, 40th, 50th and 60th anniversaries of the Date of the Lease Execution (June 1, 1992) respectively and, as so determined, remain in effect until the next such anniversary (or, finally, the end of the Term)."
