ADJUSTED RENTAL Sample Clauses

ADJUSTED RENTAL. After delivery of LESSOR's notice as provided in Articles 2, 6, 8 and 17, and determination of the amount of LESSEE's pro rata share of taxes, insurance, maintenance and other expenses due upon notice, if any, the monthly installment of rent then being paid by LESSEE shall be increased by 1/12th of the amount of LESSEE's pro rata share of LESSOR's reasonable estimate of the next billing amount The adjusted monthly rental as determined by the preceding sentence shall be paid by LESSEE until receipt by LESSEE of LESSOR's notice the next succeeding calendar year, If the term of this lease ends on other than the last day of a calendar year, LESSEE's pro rata share shown on the notice delivered after the end of the term shall be reduced proportionately and any payment due shall also be apportioned and paid as aforesaid.
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ADJUSTED RENTAL. The Minimum Rent shall be subject to adjustment every three years during the Term and any renewal Terms, to give effect to increases, if any, in the cost of living. The first such adjustment shall be made at the beginning of the fourth Lease Year, (a Lease Year being defined as each period of twelve (12) consecutive months during the term of this Lease beginning on the same day and month of each calendar year as the day and month of the Commencement Date). For this purpose, the rental for each of the following three Lease Years shall be computed by multiplying the Minimum Rent provided for in Section 3.01 by a fraction, the numerator of which shall be the Consumer Price Index for All Urban Consumers ("CPI-U") published by the United States Department of Labor, Bureau of Labor Statistics for the second month preceding the commencement of the then current Lease Year ("Comparison CPI-U") or the most recent month available and the denominator of which shall be the CPI-U for the month in which this Lease commences ("Base Index"). This same procedure shall be repeated every three Lease Years during the Term or any renewals. If the Comparison CPI-U exceeds the Base Index, then the new rental payable for each of the ensuing three Lease Years shall be the sum as computed above. If the Comparison CPI-U is less than or equal to the Base Index, then the rental payable for each of the ensuing three Lease Years will not be adjusted. In the event the CPI-U shall no longer be published or its contents changed so that it is no longer recognized as an accurate measure of the cost of living, then another Index, generally recognized as being authoritative, shall be substituted for purposes of the foregoing calculations. Landlord shall give notice in writing to Tenant at least thirty (30) days before the commencement date of each ensuing Lease Year of any adjustment in the rental to be made on account of this section for said ensuing Lease Year.
ADJUSTED RENTAL. As rental for the use of the leased premises for the thirtieth (30th) year, and for each subsequent year thereafter, Lessee shall pay to Lessor as annual rental a sum equal to the original rental due plus an increase of Four Hundred Thirty-Six Dollars and Sixty-Two Cents ($436.62) per year for each year following the twenty-ninth (29th) year of this Lease. Such rental payment shall be payable in advance in equal quarterly installments commencing three (3) months after the payment of the final annual rental payment for the twenty-ninth (29th) year, and quarterly thereafter.
ADJUSTED RENTAL. After the first full Lease year (first twelve (12) months) of the term of this Lease, Tenant shall pay to Landlord, as adjusted annual rental, the amount computed as hereinafter provided: The rental payable for each lease year subsequent to the first full lease year shall be the above basic annual rental adjusted (upward only) to The Revised Consumer Price Index for Urban Wage Earners and Clerical Workers (revised CPI-W) as determined and published by the United States Department of Labor based on all items for the period 1982-1984 equals One Hundred (1982-1984 = 100), or its successor or most nearly comparable successor at the commencement of each new lease year by adding to said basic annual rental thirty percent 30% of any increase resulting from multiplying the basic annual rental by a fraction, the denominator of which shall be such Index published three (3) months preceding the month of the execution of this lease, and numerator of which fraction shall be such Index published three (3) months preceding the month of the commencement of the new lease year. The basic annual rental adjusted as aforesaid shall be the rental for the ensuing lease year; provided, however, that in no event shall the adjusted annual rental be less than the annual rental for the preceding lease year. If no such index shall exist, Landlord, at its option, may select any other published index which reasonably reflects the cost of living or inflation, or both. The annual rental, adjusted as aforesaid, shall be due and payable in equal monthly installments in advance on the first day of each month throughout the lease year, except, however, when retroactive payments are made necessary by delay in the publication of the appropriate Index.

Related to ADJUSTED RENTAL

  • Base Rental (a) Lessee hereby agrees to pay to Lessor, without setoff or deduction whatsoever, a monthly installment of $3,284.00. Lessee shall also pay, as additional rent, all such other sums of money as shall become due from and payable by Lessee to Lessor under this Lease (Base Rental, any adjustment thereto pursuant to Section 4 hereof, and all such other sums of money due from and payable by Lessee pursuant to this Lease are sometimes hereinafter collectively called "rent"), for the nonpayment of which Lessor shall be entitled to exercise all such rights and remedies as are herein provided in the case of the nonpayment of Base Rental. The Base Rental, together with any adjustment or increase thereto then in effect, shall be due and payable in advance in twelve (12) equal installments on the first (lst) day of each calendar month during the term of this Lease, and Lessee hereby agrees so to pay such Base Rental and any adjustment or increase thereto to Lessor at Lessor's address provided herein (or such other address as may be designated by Lessor in writing from time to time) monthly, in advance, and without demand. If the term of this Lease commences on a day other than the first (lst) day of a month or terminates on a day other than the last day of a month, then the installments of Base Rental and any adjustments thereto for such month or months shall be prorated, and the installment or installments so prorated shall be paid in advance.

  • Minimum Rental Beginning with the Commencement Date and continuing through the Expiration Date or earlier termination of this Lease, Tenant shall pay Minimum Rental in accordance with the schedule set forth in Section 1(g) in equal monthly installments each in advance on or before the first day of each month. If the Commencement Date is a date other than the first day of a calendar month, the Minimum Rental shall be prorated daily from such date to the first day of the next calendar month and paid on or before the Commencement Date.

  • Basic Rental Tenant agrees to pay to Landlord during the ------------- Term hereof, at Landlord's office or to such other person or at such other place as directed from time to time by written notice to Tenant from Landlord, the initial monthly and annual sums as set forth in Article 1.C of the Basic Lease Provisions, payable in advance on the first day of each calendar month, without demand, setoff or deduction, and in the event this Lease commences or the date of expiration of this Lease occurs other than on the first day or last day of a calendar month, the rent for such month shall be prorated. Notwithstanding the foregoing, the first full month's Basic Rental shall be paid to Landlord in accordance with Article 1.J. of the Basic Lease Provisions.

  • Base Rent Adjustment (a) The BASE RENT (subject to adjustment as set forth in Section 1.08(a) above) payable during the EXTENDED TERM, subject to the provisions of part (b) of this Section 3.03, shall be increased from the BASE RENT payable immediately prior to the first month of the EXTENDED TERM to the then fair market rental rate determined in connection with part (b) of this Section 3.03.

  • Fixed Rent Tenant agrees to pay to Landlord, on the Rent Commencement Date, and thereafter monthly, in advance, on the first day of each and every calendar month during the Original Lease Term, a sum equal to one-twelfth (1/12th) of the Annual Fixed Rent specified in Section 1.1 hereof. Until notice of some other designation is given, fixed rent and all other charges for which provision is herein made shall be paid by remittance to or for the order of Boston Properties Limited Partnership, as agent of Landlord. All remittances received by BOSTON PROPERTIES LIMITED PARTNERSHIP, as agent as aforesaid, or by any subsequently designated recipient, shall be treated as a payment to Landlord. Annual Fixed Rent for any partial month shall be paid by Tenant to Landlord at such rate on a pro rata basis, and, if the Rent Commencement Date shall be other than the first day of a calendar month, the first payment of Annual Fixed Rent which Tenant shall make to Landlord shall be a payment equal to a proportionate part of such monthly Annual Fixed Rent for the partial month from the Rent Commencement Date to the first day of the succeeding calendar month. Additional Rent payable by Tenant on a monthly basis, as elsewhere provided in this Lease, likewise shall be prorated, and the first payment on account thereof shall be determined in similar fashion and shall commence on the Rent Commencement Date and other provisions of this Lease calling for monthly payments shall be read as incorporating this undertaking by Tenant. Notwithstanding that the payment of Annual Fixed Rent payable by Tenant to Landlord shall not commence until the Rent Commencement Date, Tenant shall be subject to, and shall comply with, all other provisions of this Lease as and at the times provided in this Lease. The Annual Fixed Rent and all other charges for which provision is made in this Lease shall be paid by Tenant to Landlord without setoff, deduction or abatement.

  • Base Rent Adjustments Base Rent shall be increased on each annual anniversary of the first day of the first full month during the Term of this Lease (each an “Adjustment Date”) by multiplying the Base Rent payable immediately before such Adjustment Date by the Rent Adjustment Percentage and adding the resulting amount to the Base Rent payable immediately before such Adjustment Date. Base Rent, as so adjusted, shall thereafter be due as provided herein. Base Rent adjustments for any fractional calendar month shall be prorated.

  • Annual Fixed Rent Tenant covenants and agrees to pay the Annual Fixed Rent in Section 1.1 to Landlord in advance in equal monthly installments commencing on the Term Commencement Date (if not the first day of a month) and thereafter on the first day of each calendar month during the Term. All payments shall be due without billing or demand and without deduction, setoff or counterclaim, except as expressly set forth in this Lease. Tenant shall make payment for any portion of a month at the beginning or end of the Term. All payments shall be payable to Landlord at Landlord’s address, as specified in Section 1.1, or to such other entities at such other places as Landlord may from time to time designate. Without limiting the foregoing, except as expressly set forth in this Lease, Tenant’s obligation so to pay Rent (as hereinafter defined) shall not be discharged or otherwise affected by any law or regulation now or hereafter applicable to the Premises, or any other restriction on Tenant’s use, or any casualty or taking, or any failure by Landlord to perform any covenant contained herein, or any other occurrence; and, except as expressly set forth in this Lease, Tenant waives all rights now or hereafter existing to terminate or cancel this Lease or quit or surrender the Premises or any part thereof, or to assert any defense in the nature of constructive eviction to any action seeking to recover Rent. The foregoing notwithstanding, if Landlord fails for any reason within Landlord’s control to provide any service to be supplied by Landlord under the Lease which is necessary for Tenant’s reasonable use of the Premises (such as HVAC, elevator service, electricity, water, or structural repairs), and Tenant is unable to use the Premises on account of such failure, Tenant shall be entitled to a proportional abatement of Annual Fixed Rent and Additional Charges for Operating Expenses and Taxes based on the portion of the Premises which cannot be used by Tenant. This abatement shall begin on the fourth (4th) consecutive Business Day from Tenant’s written notice to Landlord of the failure. The abatement shall end when the services are restored sufficiently to permit use of the Premises.

  • Rent Adjustment (a) If, solely as a result of Congressional enactment of any law (including, without limitation, any modification of, or amendment or addition to, the Internal Revenue Code of 1986, as amended, (“Code”)), the maximum effective corporate income tax rate (exclusive of any minimum tax rate) for calendar-year taxpayers (“Effective Rate”) is higher than thirty-five percent (35%) for any year during the lease term, then Lessor shall have the right to increase such rent payments by requiring payment of a single additional sum. The additional sum shall be equal to the product of (i) the Effective Rate (expressed as a decimal) for such year less .35 (or, in the event that any adjustment has been made hereunder for any previous year, the Effective Rate (expressed as a decimal) used in calculating the next previous adjustment) times (ii) the adjusted Termination Value (defined below), divided by (iii) the difference between the new Effective Rate (expressed as a decimal) and one (1). The adjusted Termination Value shall be the Termination Value (calculated as of the first rent due in the year for which the adjustment is being made) minus the Tax Benefits that would be allowable under Section 168 of the Code (as of the first day of the year for which such adjustment is being made and all future years of the lease term). The Termination Values and Tax Benefits are defined on the Schedule. Lessee shall pay to Lessor the full amount of the additional rent payment on the later of (i) receipt of notice or (ii) the first day of the year for which such adjustment is being made.

  • Additional Rental Lessee shall pay and discharge, as additional rental (“Additional Rental”), all sums of money required to be paid by Lessee under this Lease which are not specifically referred to as Rental. Lessee shall pay and discharge any Additional Rental when the same shall become due, provided that amounts which are billed to Lessor or any third party, but not to Lessee, shall be paid within thirty (30) days after Lessor’s demand for payment thereof or, if later, when the same are due. In no event shall Lessee be required to pay to Lessor any item of Additional Rental that Lessee is obligated to pay and has paid to any third party pursuant to any provision of this Lease.

  • Base Year Calendar year 2000.

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