BASE RENT ESCALATION definition
BASE RENT ESCALATION shall have the meaning set forth in SECTION 3.2 herein.
BASE RENT ESCALATION. Means, for any Fiscal Year, the amount by which the Annual Base Rent for such Fiscal Year exceeds the Initial Base Rent.
BASE RENT ESCALATION. As defined in the Basic Lease Provisions.
More Definitions of BASE RENT ESCALATION
BASE RENT ESCALATION means one and one-half percent (1.5%).
BASE RENT ESCALATION means the Base Rent increasing by two (2) times the increases in the CPI, with the increases calculated as follows: (A) subtract one point zero (1.0) from a fraction, the numerator of which shall be the Variable Index, and the denominator of which shall be the Base Index; and (B) multiply the result obtained in clause (A) above by two (2), then (C) multiply the result obtained in clause (B) above by the Base Rent for the prior Lease Year. Notwithstanding the foregoing, in no event shall the new Base Rent adjusted by the Base Rent Escalation be less than the Base Rent for the prior Lease Year or greater than the Base Rent for the prior Lease Year increased by two percent (2%).
BASE RENT ESCALATION for each Lease Year shall mean the product of (a) the Rent Escalation Percent for such Lease Year and (b) the Base Rent for the immediately preceding Lease Year.
BASE RENT ESCALATION. As defined in the Basic Sublease Provisions.