Adjustments to Base Rent. The Base Rent shall be adjusted as provided in the Addendum attached hereto.
Adjustments to Base Rent. The Base Rent rate payable (per rentable square foot) with respect to the Building shall be increased on the second (2nd) anniversary of the Lease PEREGRINE SYSTEMS CORPORATE CENTER [Peregrine Systems] Commencement Date and on each subsequent second (2nd) anniversary thereof during the initial Lease Term to an amount equal to 106.5% of the Base Rent rate payable (per rentable square foot) during the immediately prior period, subject to further adjustment during any Extension Term in accordance with Section 2.2 above.
Adjustments to Base Rent. Landlord and Tenant agree that Base Rent payable under this Lease in accordance with Section 3.1 shall be subject to adjustment as set forth in this Section 3.2. Beginning with the second Lease Year, Base Rent shall be adjusted to reflect changes year to year in the Consumer Price Index (“CPI”) as set forth below. The basis for computing the CPI adjustment shall be the unadjusted Consumer Price Index for all Urban Consumers - all Items (1982-84=100) published by the Bureau of Labor Statistics of the United States Department of Labor (the “Index"). The Index for the third calendar month preceding the beginning of the second Lease Year shall be the “Base Index Number.” The Index for the same month in the year of the applicable Adjustment Date shall be the “Current Index Number.” On each anniversary of the Commencement Date during the Term of this Lease (each such date an “Adjustment Date"), Base Rent shall be adjusted as follows (a) by an increase of three percent (3%) of the then current Base Rent or (b) if larger, by adjustment to reflect the increase in the CPI over the preceding Lease Year, not to exceed five percent (5%). If Base Rent is to be increased pursuant to clause (b), the new Base Rent shall be the product obtained by multiplying the Base Rent then in effect (the “Initial Base Rent”) by a fraction the numerator of which is equal to the Current Index Number and the denominator of which is equal to the Base Index Number. If the Index is not in existence at the time of such determination, the parties shall use an equivalent price index as is published by a comparable governmental agency in lieu of the Index or a mutually acceptable similar price index as published by a non-governmental agency.
Adjustments to Base Rent. The Base Rent shall be adjusted to SIX THOUSAND THREE HUNDRED EIGHTY-NINE AND 25/100 DOLLARS ($6,389.25) per month effective October 1, 2013. Base Rent shall be further increased to SIX THOUSAND SIX HUNDRED NINETY-THREE AND 50/100 DOLLARS ($6,693.50) per month effective October 1, 2014.
Adjustments to Base Rent. Subject to the tetras of this Section 4.1(b), Landlord shall adjust Base Rent payable for the twelve (12) month period commencing with the Rent Commencement Dated to equal an amount that would be payable hereunder by Tenant if Tenant was only leasing a portion of the Premises equal to 7,192 square feet of rentable areas (the “Initial Rent Adjustment”). As such, Tenant shall pay Base Rent for such twelve-month period in the amount of $19,178.67 each month. Landlord and Tenant acknowledge that the Initial Rent Adjustment is provided to induce Tenant to enter into this Lease, and in consideration of Tenant’s agreement to perform all of the terms, covenants and conditions to be performed by Tenant under this Lease, as and when performance is due during the Term. Landlord and Tenant further acknowledge that Landlord would not have granted the Initial Rent Adjustment but for Tenant’s agreement to perform all of the terms, covenants, and conditions to be performed by it under this Lease for the entire Term, and that Landlord’s agreement to adjust Base Rent is, and shall remain, conditioned upon Tenant’s faithful performance of all of the tetras, covenants and conditions to be performed by Tenant under this Lease for the entire Tenn. Accordingly, if an Event of Default shall occur hereunder and Landlord terminates this Lease as a result thereof, Tenant shall pay as liquidated damages for Landlord’s granting the Initial Rent Adjustment and not as a penalty, within thirty (30) days after the occurrence of the Event of Default, as Additional Rent, the amount equal to the Base Rent due hereunder for the twelve month period following the Rent Commencement Date less the amount of the Initial Rent Adjustment actually paid by Tenant to Landlord.
Adjustments to Base Rent. On the first day of the thirty-first (31st) month of the term of this Lease, the monthly Base Rent payable under Paragraph 4.1 of the Lease shall be adjusted to an amount which is one hundred five percent (I 05 %) of the monthly Base, Rent payable under Paragraph 4.1.
Adjustments to Base Rent. The monthly Base Rent shall be adjusted as provided in Section 1.
Adjustments to Base Rent. As inducement to enter into this lease and as long as Tenant is not in default, Xxxxxx’s obligation to pay Rent of $21.00 per rsf pre year shall be abated for the period July 1, 2011 through October 31, 2011. Additionally, no rent shall be due by Tenant for the period commencing on the Possession Date as set forth in Section 1.3.1 through the Rent Commencement Date as set forth in Section 1.3.2.
Adjustments to Base Rent. The monthly Base Rent shall be increased on each anniversary of the Commencement Date during the Term by an amount equal to three and one-half percent (3.5%) of the amount of the then existing monthly Base Rent.
Adjustments to Base Rent. Effective May 1, 1999, the Base Rent shall increase to $79,394.04 per month; Effective May 1, 2000, the Base Rent shall increase to $81,330.48 per month; Effective May 1, 2001, the Base Rent shall increase to $83,266.92 per month; Effective May 1, 2002, the Base Rent shall increase to $85,203.36 per month. Security Deposit (Para. 4): One hundred thousand and 00/100 Dollars ($100,000.00) *Tenant's Share of Operating Expenses (Para. 6.1): 28.28% of the Park *Tenant's Share of Tax Expenses (Para. 6.2): 28.28% of the Park *Tenant's Share of Common Area Utility Costs (Para. 7): 28.28% of the Park *Tenant's Share of Utility Expenses (Para. 7): 28.28% of the Park *The amount of Tenant's Share of the expenses as referenced above shall be subject to modification as set forth in this Lease.
