Common use of Adjustment Dates Clause in Contracts

Adjustment Dates. The fair market land value and ---------------- prevailing rate of return for each parcel shall be determined in the year 2000, with respect to Ground Rent payable commencing January 1, 2001, and every five (5) years thereafter, in the event construction commences on or before September 1, 1989, or for the first time in the year 2005 with respect to Ground Rent payable commencing January 1, 2006, and every five (5) years thereafter in the event construction commences after September 1, 1989, and the Ground Rent shall be adjusted accordingly on the first (1st) day of each sixth (6th) year thereafter. Said dates of adjustment of Ground Rent shall be referred to for convenience as "adjustment dates".

Adjustment Dates. The In order to adjust the annual Ground Rent for parcels 3, 4, and 8, the fair market land value of each parcel and ---------------- the prevailing rate of return for each parcel shall be determined in the year 2000, with respect to Ground Rent payable commencing as of January 1, 2001, and every five (5) years thereafter, in the event construction commences on or before September 1, 1989, or for the first time in the year 2005 with respect to Ground Rent payable commencing January 1, 2006, and every five (5) years thereafter in the event construction commences after September 1, 1989, and the . The Ground Rent shall be adjusted accordingly on the first (1st) day of each sixth (6th) year thereafteryear. Said dates of adjustment of Ground Rent shall be referred to for convenience as "“adjustment dates".”

Adjustment Dates. The In order to adjust the annual Ground Rent for parcels 1 and 2, the fair market land value of each parcel and ---------------- the prevailing rate of return for each parcel shall be determined in the year 2000, with respect to Ground Rent payable commencing as of January 1, 20011998 and January 1, 2001 and every five (5) years thereafter for parcel 1 and July 1, 1997 and January 1, 2001 for parcel 2 and every five (5) years thereafter, in the event construction commences on or before September 1, 1989, or for the first time in the year 2005 with respect to Ground Rent payable commencing January 1, 2006, and every five (5) years thereafter in the event construction commences after September 1, 1989, and the . The Ground Rent shall be adjusted accordingly on the first (1st) day of each sixth (6th) year thereafteryear. Said dates of adjustment of Ground Rent shall be referred to for convenience as "“adjustment dates".”