Commencing. on the first day of the forty-first (41st) Lease Year and continuing on each anniversary thereof until the end of the Primary Term, the Base Rent shall increase to an amount equal to one hundred and two percent (102%) of the Base Rent effective for the preceding Lease Year.
Appears in 2 contracts
Sources: Ground Lease (Glimcher Realty Trust), Ground Lease (Glimcher Realty Trust)