Examples of Rent Adjustment Amount in a sentence
The Base Rent Adjustment Amount payable during any Lease Year or portion thereof consisting of more or less than twelve (12) calendar months shall be prorated on a monthly basis such that the Base Rent Adjustment Amount that is included within the Base Rent for each calendar month is equal to the Base Rent Adjustment Amount divided by twelve (12).
The Percentage Rent Adjustment Amount payable during any Lease Year or portion thereof consisting of more or less than twelve (12) calendar months shall be prorated on a monthly basis such that the Percentage Rent Adjustment Amount that in included within the Percentage Rent for each calendar month is equal to the Percentage Rent Adjustment Amount divided by twelve (12).
The Percentage Rent Adjustment Amount payable during any Lease Year or portion thereof consisting of more or less than twelve (12) calendar months shall be prorated on a monthly basis such that the Percentage Rent Adjustment Amount that is included within the Percentage Rent for each calendar month is equal to the Percentage Rent Adjustment Amount divided by twelve (12).
Base Rent shall be increased on each annual anniversary of the first day of the first full month following the Commencement Date (each an “Adjustment Date”) by adding the Rent Adjustment Amount to the per square foot Base Rent payable for the Premises per annum immediately before such Adjustment Date.
From and after the Effective Date, the amount set forth in the definition of “Percentage Rent” shall be increased by an amount equal to Three Million Dollars ($3,000,000) (the “Percentage Rent Adjustment Amount”), which Percentage Rent Adjustment Amount shall be the Percentage Rent initially allocated to Springfield.
Extenuating circumstances are considered to be past events that are no longer barriers to prevent academic progress.
From and after the Effective Date, the amount set forth in the definition of “Base Rent” shall be increased by an amount equal to Twenty Seven Million Dollars ($27,000,000) (the “Base Rent Adjustment Amount”), which Base Rent Adjustment Amount shall be the Base Rent initially allocated to Springfield.
Rent Adjustment Amount: $1.00 per rentable square foot of the Premises per year Base Term: Beginning on the Commencement Date and ending 126 months from the first day of the first full month of the Term (as defined in Section 2) hereof.
Base Rent shall be increased on each annual anniversary of the first day of the first full month following the Commencement Date (each an “Adjustment Date”) by adding the Rent Adjustment Amount to the per square foot Base Rent payable for the Premises per year immediately before such Adjustment Date.
If a monetary obligation under such Required Lease is to be increased by actions of either Seller or Purchaser hereunder, the Purchaser shall receive from Seller, at the time of execution of any such amendment, payment in cash of the Rent Adjustment Amount with respect to such Required Lease.