Cumulative Basic Rent Adjustment definition

Cumulative Basic Rent Adjustment means, as of a particular date, the sum of the Basic Rent Adjustments which have actually occurred as of such date.
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Cumulative Basic Rent Adjustment or “Cumulative Lessor Basic Rent Adjustment” shall mean, as of a particular measurement date, the sum of the Lessor Basic Rent Adjustments which have actually occurred as of such measurement date.
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Examples of Cumulative Basic Rent Adjustment in a sentence

  • During such time, the positive difference between the Accelerated Lessor Rent Amount and the Cumulative Basic Rent Adjustment (such amount, the “Lessor Shortfall Amount”) shall be credited against each subsequent payment of Basic Rent, and Lessee shall not pay any additional Basic Rent which is comprised of Yield which has accrued on the Lessor Amount until the Lessor Shortfall Amount is reduced to zero.

  • Beginning with the fourth Payment Date after the Base Term Commencement Date, the parties to this Lease agree that Lessee shall reduce each of its payments of Basic Rent by the amount of Yield which has accrued on the Lessor Amount due and payable on such Payment Date (each such individual reduction of Basic Rent for a given Payment Date may be referred to herein as a “Basic Rent Adjustment”) until such time that the Cumulative Basic Rent Adjustment equals the Accelerated Lessor Rent Amount.

  • Beginning with the fourth Payment Date after the Base Term Commencement Date, the parties to this Agreement agree that Lessee shall reduce each of its payments of Basic Rent by the amount of Yield which has accrued on the Lessor Amount due and payable on such Payment Date (each such individual reduction of Basic Rent for a given Payment Date may be referred to herein as a “Basic Rent Adjustment”) until such time that the Cumulative Basic Rent Adjustment equals the Accelerated Lessor Rent Amount.