Fixed Percentage Increase definition

Fixed Percentage Increase means the percentage specified in item 12 by which the Base Rent is to increase on the relevant Fixed Increase Date. GST has the same meaning as in the GST Law.
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Examples of Fixed Percentage Increase in a sentence

  • Gross Sales Percentage N/A Annual Fixed Percentage Increase of Annual Rent [INSERT]% Market Rent Review Date(s) [INSERT] Permitted Use of the Premises [INSERT] Required Operating Times (subject to clause 12.6) From Monday to Friday (inclusive) 7.30am to 6.00pm; Saturdays, Sundays and Public Holidays 8.30am to 5.00pm; or any other hours permitted by the Lessor in writing.

  • The Annual Rent when calculated on each Fixed Percentage Review Date (if any) will be determined in each such case pursuant to the following formula ("Fixed Percentage Increase Formula") namely: R = CR x P 100 Where: R = the adjusted Minimum Rent calculated on an annual basis payable from and including the relevant Fixed Percentage Review Date; and CR = The Minimum Rent payable calculated on an annual basis immediately prior to the relevant Fixed Percentage Review date.

  • The Annual Rent will be increased by the Annual Fixed Percentage Increase on each and every anniversary of the Commencement Date including, for the avoidance of doubt, every anniversary of the Commencement Date during any Renewal Term.