Adjustment of Rent. Lessee and Lessor agree that the payments and allocations of Basic Rent, Stipulated Loss Values, Stipulated Loss Amounts, Termination Values and Termination Amount percentages and the Early Purchase Price shall be adjusted to the extent provided in Section 2.6 of the Participation Agreement.
Adjustment of Rent. 2.1 Any error or mis-statement as to the description of the land and/or floor area of the Premises in Schedule 1 of this Agreement shall not invalidate this Agreement or entitle the Tenant to be discharged from it. The Parties shall have the right to an adjustment of the Rent payable under this Agreement in the manner as provided in this paragraph 2.
Adjustment of Rent. 2 Section 3.5
Adjustment of Rent. If a portion of the Premises is taken and Landlord does not elect to terminate this Lease pursuant to the preceding paragraph, then Rent shall be equitably adjusted as of the date title vests in the authority and this Lease shall otherwise continue in full force and effect.
Adjustment of Rent. If applicable, sums paid by the Tenant under this Section 3 shall be subject to adjustment to reflect any partial billing periods encountered at the commencement or termination of this Lease.
Adjustment of Rent. In the event of a partial taking that does not result in a termination of this Lease as to the entire Premises, Base Rent and Additional Rent shall be equitably adjusted in relation to the portions of the Premises and Building taken or rendered unusable by such taking.
Adjustment of Rent. If a casualty renders all or part of the Premises untenantable, Rent shall proportionately xxxxx commencing on the date of the casualty and ending when the Premises are delivered to Tenant with Landlord's restoration obligation substantially complete. The extent of the abatement shall be based upon the portion of the Premises rendered untenantable, inaccessible or unfit for use in a reasonable business manner for the purposes stated in this Lease.
Adjustment of Rent. 2.1 The Parties accept the Floor Area as stipulated in paragraph 1.1 of Schedule 1 for the purposes of this Agreement, and any inaccuracy, error or mis-statement as to the description of the Floor Area of the Premises shall not invalidate this Agreement or entitle the Tenant to be discharged from it. The Parties shall have the right to an adjustment of the Rent payable Tenant to initial under this Agreement arising from any such inaccuracy, error or mis-statement as to the description of the Floor Area only in the manner as provided in this paragraph 2 and in no other manner whatsoever.
Adjustment of Rent. The Periodic Rent percentage, Casualty Value, ------------------ Termination Value and Early Purchase Date and Early Purchase Price tables attached hereto as Schedules 1, 2, 3 and 4 respectively, have been calculated on the assumptions (the "Pricing Assumptions") set forth in Exhibit D hereto. If for any reason the Closing Date or the Transaction Costs related to the Facility set forth in Exhibit D hereto shall prove to be incorrect, then the Owner Participant acting in good faith shall, prior to the first Rent Payment Date, recompute the factors for Periodic Rent, the Casualty Value and Termination Value tables and the Early Purchase Date and Early Purchase Price in order to provide the Owner Participant with the same Net Economic Return as if such assumptions were accurate; provided, that such adjustments shall comply with the Guidelines and all provisions of the Code and the Treasury Regulations thereunder, in each case as in effect on the date of such adjustment, including, without limitation, Section 467 of the Code and the Treasury Regulations thereunder, in each case as in effect on the date of such adjustment; and provided, further, that in such recomputation (i) each installment of Periodic Rent shall be in an amount sufficient to pay on each installment date the principal of, and interest on, the Notes due on such date without acceleration, (ii) the Casualty Value and Termination Value as of any date shall be sufficient to pay the aggregate unpaid principal amount of, and interest on, the Notes outstanding as of such date and (iii) the Early Purchase Price shall at all times exceed the appraiser's estimated fair market value for the Early Purchase Date. Such recomputation shall be based upon the assumptions and methods of calculation utilized by the Owner Participant in computing the amounts thereof originally set forth in this Lease. On or before the first Rent Payment Date, the Owner Trustee and the Lessee shall execute and deliver a Lease Supplement, substantially in the form of Exhibit E hereto, reflecting any revisions to Schedules 1, 2, 3 and 4 hereto, and the adjustments shall be effective as of said first Rent Payment Date.
Adjustment of Rent. In the event of a partial taking of the Demised Premises under Paragraph 14.3 hereof, or a partial taking of the Demised Premises under Paragraph 14.2 hereof, followed by Tenant's election not to terminate this Lease Agreement, the fixed Basic Rent payable hereunder during the period from and after the date of vesting of title in such Proceedings to the termination of this Lease Agreement shall be reduced to a sum equal to the product of the Basic Rent provided for herein multiplied by a fraction, the numerator of which is the value of the Demised Premises after such taking and after the same has been restored to a complete architectural unit, and the denominator of which is the value of the Demised Premises prior to such taking.
