Escalator definition
Examples of Escalator in a sentence
In addition, if the Annual Base Rent is increased as provided in Section 4.5, then the Base Rent Escalator shall continue to apply to each of the five (5) years following such increase, with the increase effective on the anniversary of the increase in Base Rent as provided in Section 4.5 in lieu of increases on January of each year.
For the first 7 Lease years, Rent of $165,000,000 per Lease year, subject to the annual Escalator.
The need for Elevator, Escalator and Miscellaneous Lift Equipment Preventive and Corrective Maintenance will be identified by an Authorized User, and documented in a Project Definition.
The Mini-bid award will result in a Mini-bid Agreement for Elevator, Escalator and Miscellaneous Lift Equipment Preventive and Corrective Maintenance between Contractor and the Authorized User.
Our MCP incorporates TK Elevator’s Basic Elevator and Escalator Procedures Manual listing the processes we follow when performing those maintenance, repair, replacement and testing services that are specifically described as included in this Agreement.