ADJUSTMENTS OF MINIMUM RENT FOLLOWING DISBURSEMENTS Clause Samples

ADJUSTMENTS OF MINIMUM RENT FOLLOWING DISBURSEMENTS. Under Sections 5.1.3(b), 10.2.3 and 11.

ADJUSTMENTS OF MINIMUM RENT FOLLOWING DISBURSEMENTS. UNDER SECTIONS 5.1.3 (b), 10.2.3 or 11.2. Effective on the date of each disbursement to pay for the cost of any repairs, maintenance, renovations or replacements pursuant to SECTIONS 5.1.3 (b), 10.2.3 or 11.2, the annual Minimum Rent shall be increased by a PER ANNUM amount equal to the Disbursement Rate times the amount so disbursed. If any such disbursement is made during any month on a day other than the first Business Day of a Fiscal Month, Tenant shall pay to Landlord on the first Business Day of the immediately following Fiscal Month (in addition to the amount of Minimum Rent payable with respect to such Fiscal Month, as adjusted pursuant to this paragraph (b)) the amount by which Minimum Rent for the preceding Fiscal Month, as adjusted for such disbursement on a per diem basis, exceeded the amount of Minimum Rent paid by Tenant for such preceding Fiscal Month.

ADJUSTMENTS OF MINIMUM RENT FOLLOWING DISBURSEMENTS. Under Section 6.5. Effective on the date of each disbursement to pay for the cost of any renovations pursuant to Section 6.5, the Minimum Rent shall be increased, effective on the date of such disbursement, to an annual sum equal to the product of the amount advanced and the Interest Rate. If any such disbursement is made during any calendar month on a day other than the first day of a calendar month, Tenant shall pay to Landlord on the first day of the immediately following calendar month (in addition to the amount of Minimum Rent payable with respect to such month, as adjusted pursuant to this paragraph (b)) the amount by which Minimum Rent for the preceding month, as adjusted for such disbursement, exceeded the amount of Minimum Rent payable by Tenant for such preceding month without giving effect to such adjustment.