Basic Data Definitions Clause Samples

Basic Data Definitions. As used herein, the following capitalized terms shall have the following meanings: *1 $ 18.00 $ 10,800.00 2 $ 20.00 $ 12,000.00 3 $ 21.00 $ 12,600.00 4 $ 22.00 $ 13,200.00 5 $ 24.00 $ 14,400.00 * Should the building be fifty percent (50%) or more occupied before the beginning of the second (2nd) Lease Year, than Tenant's Basic Rent shall be adjusted to a rate per square foot of twenty dollars ($20.00). Landlord will notify Tenant via written instrument confirming the exact date should this provision be in full force and effect. ** Option Years six (6) through ten (10) shall be adjusted by CPI annually in accordance with the provisions of Section 3.2.