Adjustment to Rent. If part (but less than a substantial portion of the Premises as contemplated in Section 9.1) of the Premises is taken by any public authority under the power of eminent domain, then, on the date possession is required by such public authority, this Lease shall terminate as to the portion taken, and the Fixed Rent due hereunder shall be adjusted as follows:
Adjustment to Rent. As inducement to enter into this lease and as long as Tenant is not in default, Tenant’s obligation to pay Rent shall be abated for the period October 1, 2014 through February 1, 2015.
Adjustment to Rent. Commencing on May 1, 1999 ("Rent Adjustment Date") and continuing thereafter on each subsequent anniversary of the Rent Adjustment Date during the Initial Term and each Extended Term, the Minimum Rent shall be increased (but never decreased) in an amount equal to the annual Minimum Rent payable under this Lease for the immediately preceding twelve (12) month period increased by one hundred fifty percent (150%) of the cumulative increase in the Consumer Price Index, published as the "CPI-U" Index by the Bureau of Labor Statistics of the Department of Labor, U.S. Cities Average, All Items (1982-84'100) in the manner calculated on the date of this Lease ("C.P.I.") from the date two (2) months prior to the immediately preceding Rent Adjustment Date (or in the case of the initial Rent Adjustment Date, the C.P.I. from March 1998) to the date two (2) months prior to then current Rent Adjustment Date. Notwithstanding the foregoing, in no event shall any INCREASE TO Minimum Rent in any Lease Year exceed two percent (2.0%) of the Minimum Rent (as adjusted) payable for the immediately preceding twelve (12) month period (or in the case of the initial Rent Adjustment Date, the increase, if any, to Minimum Rent in the first Lease Year shall not exceed $15,404.40). In no event shall the Minimum Rent be reduced by reason of the adjustment to Minimum Rent set forth in this Paragraph 3.1.2. If the CPI Index is no longer published, or if the format or components of the CPI Index are materially changed after the Commencement Date, Lessor in its reasonable judgment shall substitute an index which is published by the Bureau of Labor Statistics or similar agency and which is most nearly equivalent to the Index in effect on the Commencement Date.
Adjustment to Rent. The monthly rent provided for in Section 4.1 shall be subject to adjustment as of the first day of the second year of the lease term and every year thereafter via a fixed minimum 3% increase (rounded to closest $5). Table 4.2.1 below provides the Tenant’s rent obligation for the term, plus the amount due as of the first month of any holdover period after the expiration of the term. Landlord shall not be required to provide any further notice to Tenant regarding annual rent adjustments during the Lease term.
Adjustment to Rent. 6.1 The Primary Period Rent is calculated on the assumption that during the period of this agreement tax law and practice, interest rates, LIBOR and the standard rate of Corporation Tax will remain the same as applicable at the date of this agreement. If during the period of this agreement there are any changes to tax law or practice, interest rates, LIBOR or to the rate of Corporation Tax which decreases the Lessor’s after tax return, the Lessor may recalculate and increase the Rent provided the Lessor has given the Lessee 5 Business Days prior notice of the change to the Rent.
Adjustment to Rent. The rental to be paid by CDI for the use of the parking spaces within the Hanover Parking Garage shall be adjusted every five (5) years during the term of the Agreement, pursuant to the schedule described in Article 2.1 “Rent”.
Adjustment to Rent. The Landlord agrees that no increase in the rent ------------------------- pursuant to paragraph 2.01 hereof or in the Investment Factor pursuant to paragraph 2.02(c) hereof, which either (i) causes the amount of rent per square foot to be paid by the Tenant to exceed the then prevailing commercial market rent for the same or similar class of commercial office space in the downtown Columbus, Ohio area or (ii) was determined by the Landlord using a methodology for determining rent and/or the Investment Factor which is inconsistent with the methodology used by the Landlord in determining increases in rent for its other subsidiaries and affiliates, will be effective until approved by the Board of Directors of Nationwide Financial Services, Inc., including the approval by a majority of the directors who do not serve as an officer, director (other than as a director of Nationwide Financial Services, Inc.) or employee of any member of the Nationwide Insurance Enterprise.
Adjustment to Rent. In the event of a material increase in the volume of business conducted by Sublessee at the Subleased Premises as a result of new clients and/or contracts or a material increase in business from existing clients, the Rent and Sublessee’s proportionate share of Utilities and maintenance costs shall be increased in proportion to the percentage increase in the volume of Sublessee’s business at the Subleased Premises and the parties shall negotiate in good faith in an effort to determine the appropriate increase in Rent.
Adjustment to Rent. The annual Rent payable during each Lease Year of the Term of this Lease, including each Renewal Term, shall be adjusted as follows:
Adjustment to Rent. In satisfaction of the adjustment provisions in Section 3.1(c) of the Lease, the minimum rental amount payable by Tenant under Section 3.1 of the Lease shall be reduced by $2,886.26 per month from the date of this Amendment until the end of the term of this Lease. Accordingly, the minimum rental amounts specified in Section 3.1(a) of the Lease shall be modified as follows: Month Minimum Rental ----- -------------- Amendment Date -- Month 36 $ 7,276.24 Months 37-48 8,292.49 Months 49-60 (expiration) 10,324.99 If the date of this Amendment is other than the first day of a calendar month, minimum rental for the partial calendar month following the date of this Amendment shall be prorated based on the number of days during such partial calendar month. After giving effect to the rental adjustment provided in this Paragraph 2, the terms of Section 3.1(c) of the Lease shall be of no further force or effect.
