Base Rent Adjustment definition

Base Rent Adjustment means the increase in the annual Base Rent as set forth in Section 5.2. "ADDITIONAL RENT" shall mean the additional rent specified in Section 5.3.

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Base Rent Adjustment. Monthly Base Rent shall be as follows: Beginning on December 1, 2024, through November 30, 2026, the Monthly Base Rent shall be $156,426.24, but the Monthly Base Rent due on December 1, 2024, for December 2024, shall be abated so long as Lessee is not in breach under this Lease prior to December 1, 2024. Beginning on December 1, 2026, through November 30, 2027, the Monthly Base Rent shall be 161,119.03. The estimated Operating Expenses currently are about $.69 per rentable square foot of the Premises.

Base Rent Adjustment. On each anniversary of the Commencement Date the Monthly Base Rent shall increase by three percent (3%) over the Monthly Base Rent applicable to the month immediately prior to the applicable anniversary. (Note: there is also an initial adjustment to Monthly Base Rent required by Paragraph 3(b)(i)). Tenant's Share of Expenses and Taxes ("Additional Charges"): 75.55% Security Deposit: See Paragraph 32.

Examples of Base Rent Adjustment in a sentence

Landlord shall, within one hundred twenty (120) days after the end of each Operating Period, furnish Tenant with a statement of the Operating Expenses during such year and a computation of the Base Rent Adjustment (“Expense Statement”).
For illustrative purposes, the chart below sets forth the incremental increases to Base Rent to account for the Additional Base Rent, subject to adjustment pursuant to this Section 7, to be phased in during the Additional Base Rent Adjustment Period, and the rent chart attached as Exhibit F to this Amendment sets forth the monthly aggregate Base Rent and Property Management Fee for the Term of the Lease, including the adjustments to Base Rent as set forth in the Lease.
The Base Rent Adjustment Amount payable during any Lease Year or portion thereof consisting of more or less than twelve (12) calendar months shall be prorated on a monthly basis such that the Base Rent Adjustment Amount that is included within the Base Rent for each calendar month is equal to the Base Rent Adjustment Amount divided by twelve (12).
Upon the Generator receiving a notice from OPG providing for a Base Rent Adjustment, the Generator shall provide same to the Counterparty together with such information with respect thereto as the Counterparty may reasonably request.
The Parties further acknowledge and agree that any Base Rent Adjustment is intended to result in a change in the Contract Price so that, in the case of an increase in Base Rent, the cost of such increase is recovered by the Generator, and in the case of a decrease in Base Rent, the Contract Price is decreased so that the Generator is not overcompensated, all in accordance with the provisions of Section 4.12(a) and Exhibit 4.12.

More Definitions of Base Rent Adjustment

Base Rent Adjustment has the meaning ascribed to it in Section 2.20(a).

Base Rent Adjustment. As defined in Section 3.3.

Base Rent Adjustment for each calendar year will equal the product of (a) the Net Rentable Area of the Premises, times (b) a rate per annum per square foot of Net Rentable Area equal to the sum of (i) the excess, if any, of the rate of Operating Costs per square foot of Net Rentable Area in the Building for the applicable calendar year over the Operating Costs Base Rate, (ii) the excess, if any, of the rate of Tax Costs per square foot of Net Rentable Area in the Building for the applicable calendar year over the Tax Costs Base Rate, and (iii) the excess, if any, of the rate of Utilities Costs per square foot of Net Rentable Area in the Building for the applicable calendar year over the Utilities Costs Base Rate. Effective on any change in the Net Rentable Area of the Premises or the Building in accordance with this Lease, the calculation of the Base Rent Adjustment will change accordingly. The Base Rent Adjustment will never lower Base Rent below the amount specified in the Basic Lease Information. Prior to January 1 of each calendar year after the Base Year (or as soon thereafter as reasonably practical), Landlord will provide an estimate of the Base Rent Adjustment for the forthcoming calendar year, and the Monthly Rent Installments due thereafter will be adjusted to reflect the Base Rent Adjustment so estimated by Landlord. By June 1 of each calendar year, or as soon thereafter as reasonably practical, Landlord will furnish to Tenant a statement (the "ANNUAL STATEMENT") showing in reasonable detail the calculation of the Base Rent Adjustment for the immediately preceding calendar year and comparing the actual Base Rent Adjustment to the estimated Base Rent Adjustment actually paid by Tenant. If the estimated Base Rent Adjustment paid is less than the actual Base Rent Adjustment reflected on the Annual Statement, Tenant must pay Landlord the amount of the deficit in a lump sum no later than thirty (30) days after receipt of the Annual Statement. If the estimated Base Rent Adjustment paid is greater than the actual Base Rent Adjustment reflected on the Annual Statement, Landlord will allow Tenant equal monthly credits against the Monthly Rent Installments due for the remainder of the then current calendar year in an aggregate amount equal to the surplus, or if Landlord so chooses, Landlord will pay Tenant the amount of the surplus in a lump sum within thirty (30) days after delivery of the Annual Statement. In calculating any surplus or deficit owed for any calendar year in ...

Base Rent Adjustment means an amount equal to the amount of level monthly payments of principal and interest that would be required to amortize the total amount of the Additional Contribution over the initial Term of the Lease at a rate of nine percent (9%) per annum. Notwithstanding anything herein to the contrary, in the event that the front partition wall of the handicapped accessible stall located in the 8th floor restroom is required by the applicable government authority to be to be moved forward or otherwise modified in connection with the completion of the Improvements, then Landlord’s Contribution shall be increased by the actual cost to complete such work.

Base Rent Adjustment. The Monthly Base Rent under the Lease will be adjusted beginning December 1, 2008. Accordingly, the existing provisions defining “Monthly Base Rent” and “Base Rent Adjustment” are deleted in their entirety and replaced with the following:

Base Rent Adjustment. The Base Rent shall be increased by three percent (3.0%) per annum on each anniversary of the Commencement Date. Rent Commencement Date: The date which is six (6) months after the Commencement Date Tenant’s Share [for purposes of Expenses, Real Estate, Taxes and Parking]: 100.0%, subject to adjustment as provided in Section 3(d)(i)(H) from and after the Direct Lease Date Security Deposit: See Section 32 Broker: Cornish & ▇▇▇▇▇ Commercial Newmark ▇▇▇▇▇▇ ▇▇▇▇▇ (“Landlord’s Broker”) and ▇▇▇▇▇▇ ▇▇▇▇▇-Real Estate Services and Colliers International - Silicon Valley (collectively, “Tenant’s Broker”) Broker’s Fee or Commission Paid By: Landlord The foregoing Basic Lease Information is hereby incorporated into and made a part of this Lease. Each reference in this Lease to any of the Basic Lease Information shall mean the respective information hereinabove set forth and shall be construed to incorporate all of the terms provided under the particular paragraph pertaining to such information. In the event of any conflict between any Basic Lease Information and the Lease, the latter shall control. LANDLORD: TENANT: ▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇ FEE, LLC, a Delaware limited liability company SYNOPSYS, INC., a Delaware corporation By: DDC Rock 690 E. Middlefield, LLC, a Delaware limited liability company, its Sole Member By: Name: Its: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ Senior Vice President, H.R. and Facilities By: DDC ▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇▇ Associates, LLC, a Delaware limited liability company, its Manager By: Name: Its: /s/ Mollier ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Authorized Representative

Base Rent Adjustment. Base rent will increase every 5 years by the lesser of 10% or 4 x average CPI over the prior 5 years, as provided in section 3.3 below.