Common use of Amount; Adjustment Clause in Contracts

Amount; Adjustment. In the event the required amount of an Improvement Assurance increases from time to time by more than ten percent (10%) above the prior amount. Lessee shall, from time to time, on or before the date of the increase, deliver to Lessor an additional Improvement Assurance in the amount of such increase, or cause the existing Improvement Assurance held by Lessor to be amended to increase its amount.

Appears in 2 contracts

Sources: Lease Agreement, Lease Agreement