Common use of BASIC RENT INCREASES Clause in Contracts

BASIC RENT INCREASES. 4.3 a. The Basic Rent shall be increased on each annual anniversary of the Commencement Date (each an "ADJUSTMENT DATE"). Basic Rent hereunder shall be increased by four percent (4%) per annum of the Basic Rent payable during the immediately preceding calendar year. Landlord shall notify Tenant of each increase by delivering a written statement setting forth the Indices, and the new amount of the Basic Rent. Tenant shall pay the new Basic Rent from its effective date until the next periodic increase.

BASIC RENT INCREASES. 4.3 a. The Basic Rent shall be increased on each annual anniversary of the Commencement Date (each an "“ADJUSTMENT DATE"”). Basic Rent hereunder shall be increased by four percent (4%) per annum of the Basic Rent payable during the immediately preceding calendar year. Landlord shall notify Tenant of each increase by delivering a written statement setting forth the Indices, and the new amount of the Basic Rent. Tenant shall pay the new Basic Rent from its effective date until the next periodic increase.