Common use of City Average Clause in Contracts

City Average. Each annual increase shall be based upon the published increase for the period from 1 April 2003 to each successive April 1 date during the Term. In no event shall the Base Rent be lower than the initial Base Rent of $73,950 per month.

Appears in 1 contract

Sources: Real Estate Lease (Serologicals Corp)

City Average. Each annual increase shall be based upon the published increase for the period from 1 April 2003 2018 to each successive April 1 date during the TermOption period. In no event during any Option period shall the Base Rent be lower than the initial highest amount of Base Rent of $73,950 per monthamount paid during the Term.

Appears in 1 contract

Sources: Real Estate Lease (Serologicals Corp)