Base Rent Increases. Beginning on January 1, 2002 and on each annual anniversary thereafter during the Term, the Base Rent shall be increased by three and one-half percent (3.5%) per annum. The January 1, 2002 adjustment shall include the adjustment for the period commencing on August 15, 2000 and ending on December 31, 2001. The adjustment for that period shall be billed within the first calendar quarter of 2002. Notwithstanding the foregoing, the increased Base Rent amount for the 13th Floor shall first be payable by Tenant on January 1, 2002. Each annual increase shall be calculated on the Base Rent of the preceding year.
Appears in 1 contract
Sources: Lease Agreement (Versata Inc)
Base Rent Increases. Beginning Commencing on January October 1, 2002 2024, and on each annual anniversary thereafter during the TermOctober 1st thereafter, the Base Rent for the next twelve-month period shall be increased by three and one-half percent (3.5%) 2.75% per annum. The January 1, 2002 adjustment Tenant shall include pay the adjustment for the period commencing on August 15, 2000 and ending on December 31, 2001. The adjustment for that period shall be billed within the first calendar quarter of 2002. Notwithstanding the foregoing, the increased new Base Rent amount for from its effective date until the 13th Floor shall first be payable by Tenant on January 1, 2002. Each annual increase shall be calculated on the Base Rent of the preceding yearnext periodic increase.
Appears in 1 contract
Sources: Master Lease Agreement (Gaia, Inc)
Base Rent Increases. Beginning Commencing on January October 1, 2002 2024, and on each annual anniversary thereafter during the TermOctober 1st thereafter, the Base Rent for the next twelve-month period shall be increased by three and one-half percent (3.5%) 2.75% per annum. The January 1, 2002 adjustment Tenant shall include pay the adjustment for the period commencing on August 15, 2000 and ending on December 31, 2001. The adjustment for that period shall be billed within the first calendar quarter of 2002. Notwithstanding the foregoing, the increased new Base Rent amount for from its effective date until the 13th Floor shall first be payable by Tenant on January 1, 2002. Each annual increase shall be calculated on the Base Rent of the preceding yearnext periodic increase.β
Appears in 1 contract
Sources: Master Lease Agreement (Gaia, Inc)
Base Rent Increases. Beginning on January 1, 2002 and on each annual anniversary thereafter during the Term, the The Base Rent shall be increased by adjusted for the then remaining portion of the Original Term as of the first and each anniversary date(s) of the Commencement Date. Each such anniversary date is hereunder referred to as an "Adjustment Date". The Base Rent shall be adjusted as of each Adjustment Date to an amount equal to one hundred and three and one-half percent (3.5103%) per annum. The January 1, 2002 adjustment shall include the adjustment for the period commencing on August 15, 2000 and ending on December 31, 2001. The adjustment for that period shall be billed within the first calendar quarter of 2002. Notwithstanding the foregoing, the increased Base Rent amount for the 13th Floor shall first be payable by Tenant on January 1, 2002. Each annual increase shall be calculated on the Base Rent of payable for the month immdiately preceding yearsuch Adjustment Date.
Appears in 1 contract
Sources: Standard Industrial/Commercial Multi Tenant Lease Gross (Xoma LTD /De/)