BASE RENT ADJUSTMENTS definition

BASE RENT ADJUSTMENTS. On each anniversary of the Rent Commencement Date, the Monthly Base Rent shall increase by $.05 per Rentable Square Foot ("Base Rent Adjustments").
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BASE RENT ADJUSTMENTS. As set forth in Exhibit D. OPERATING EXPENSE BASE YEAR: Year 2000 ELECTRICAL EXPENSE STOP: ($0.65) multiplied by the Building Rentable Area, which is a part of the Operating Cost Expense Stop. ADVANCE BASE RENTAL PAYMENT: N/A. SECURITY DEPOSIT: N/A. TENANT'S PROPORTION- ATE SHARE: Premises Rentable Area / Building Rentable Area = 31.65% TENANT IMPROVEMENT ALLOWANCE: $18.00 per rentable square foot contained in the Premises. TENANT PLANS AND SPECIFIC- Plan Submission Deadline: Tenant agrees to cause the construction ATIONS: plans for the Tenant Improvements, excluding the NOC) to be submitted to Landlord's engineers not later than January 7, 2000.
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BASE RENT ADJUSTMENTS. Commencing January 1, 1999, the new monthly base rent shall be Twenty-nine Thousand Seven Hundred and no/100 ($29,700.00) Dollars. Commencing January 1, 2000, the new monthly base rent shall be Thirty Thousand Six Hundred and no/100 ($30,600.00) Dollars. Commencing January 1, 2001, the new monthly base rent shall be Thirty- one Thousand Five Hundred and no/100 ($31,500.00) Dollars. Commencing January 1, 2002, the new monthly base rent shall be Thirty- two Thousand Four Hundred Ninety and no/100 ($32,400.00) Dollars.
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Examples of BASE RENT ADJUSTMENTS in a sentence

  • Base Rent Adjustments: Increase by four percent (4%) per annum, commencing on the first anniversary of the Commencement Date, and continuing annually throughout the Term.

  • If Tenant shall fail to pay any installment of Base Rent, Real Estate Taxes, Operating Expenses, or annual Base Rent Adjustments when due and payable as provided for herein, a five percent (5%) late charge shall be added to each such late installment.

  • Effective as of the Additional Base Term Commencement Date, in the introductory section of the Lease, the subsection thereof in which the term “Base Rent” is defined, is hereby amended for the Additional Base Term as follows: For the avoidance of doubt, effective as of the Additional Base Term Commencement Date, Section 4 (Base Rent Adjustments) of the Lease is inapplicable and the adjustments to Base Rent shall be governed by this Section 3(d) of this Amendment.

  • The Base Rent Adjustments of the sublease shall be as defined Section 1.5.1 of the Master Lease Addendum, with the additional provision at each Adjustment Date defined therein, that each adjustment shall be capped at a maximum of six percent (6%) and a minimum of two percent (2%) annually but effective every three (3) years.

  • Except as provided in this subsection and in subsection 10.2 of this Addendum, if LESSEE elects to extend the Original Term, all other terms and conditions of the Lease, including annual Base Rent Adjustments of 3.5%, shall remain in effect during such extended term.

  • Tenant acknowledges that the late payment by Tenant to Landlord of Base Rent or any Base Rent Adjustments due under this Lease will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult and impractical to ascertain.

  • Provided Tenant is not in default of any provision of this Lease, Total Monthly Rent (including Base Rent and Base Rent Adjustments) for the period commencing August 1, 1989 and ending July 31, 1990 shall be abated.

  • In addition to the rent payable by the Tenant under the terms of this Lease, the Tenant shall pay to the Landlord an amount equal to the excise, transaction, sales or privilege tax (except income tax) now or hereafter levied or imposed upon the Landlord by any government or governmental agency on account of, attributed to or measured by the rentals, including Base Rent, Base Rent Adjustments, or other charges or prorations paid by the Tenant hereunder.

  • At Landlord’s option, the Occupancy Date may be determined separately for each Building, in which event the Rent Commencement Date will be determined separately for each Building, but Base Rent Adjustments and the Expiration Date for the entire Premises will be based on the last Occupancy Date to occur.

  • Notwithstanding any other provisions herein to the contrary, the initial Base Rent or any Base Rent Adjustments shall not be decreased based upon adjustments in the Consumer Price Index as herein provided.

Related to BASE RENT ADJUSTMENTS

  • RENT ADJUSTMENT Any amounts owed by Tenant for payment of Operating Expenses. The Rent Adjustments shall be determined and paid as provided in Article Four.

  • Base Rental means the amount of rent due to Landlord per square foot for the first year of the Term. Base Rental for the first year of Term shall be $24 per square foot for the building and $7.50 per square foot for the drive thru at the Premises. Year Per Sq Ft First Floor Per Sq Ft Drive Thru Total Per Annum Total Per Month 1 $ 24 $ 7.50 $ 101,286 $ 8,440.50

  • Base Rent Period Annual Rate Per Square Foot Monthly Base Rent

  • Payment Adjustment Date With respect to each ARM Loan, the date on which the Borrower's Monthly Payment changes in accordance with the terms of the related Mortgage Note.

  • Minimum Rent means Fifty Million Thirty-Three Thousand Nine Hundred Seventy-Six and 00/100ths Dollars ($50,033,976.00), subject to adjustment as provided in Section 3.1.1(b).