Base Rent Escalation. The revised Base Rent figure set forth in Paragraph 4 above incorporates cumulative CPI Charges from the Commencement Date through the anticipated Expansion Commencement Date of September 1, 2004 (in the event the Expansion Commencement Date is different, the parties will reflect the revised Base Rent amount in a letter agreement or Lease amendment). As a result, the parties agree to reset CPI Charges and the calculation thereof as of the Expansion Commencement Date. Specifically, as of the Expansion Commencement Date, Section 3(B) of the Lease is hereby modified by deleting the words “Commencement Date” each time they appear and substituting therefor the words “Expansion Commencement Date.”
Base Rent Escalation. Base Rent for each Adjustment Year shall be increased during the Term, including any Renewal Term, as follows:
Base Rent Escalation. Commencing on the first day of November, 2005, and on the first day of each November thereafter during the Lease Term (each of such dates being herein referred to as an "Adjustment Date"), the Base Rent in effect immediately preceding the Adjustment Date shall be increased by an amount equal to the product of the Base Rent in effect immediately proceeding the Adjustment Date then at hand (which Base Rent shall be annualized if the year in which the Commencement Date occurs is a partial year, and which Base Rent shall not reflect any rental abatement or deferral) multiplied by four percent (4%). Such computation shall constitute the Base Rent, as adjusted, payable in equal monthly installments, commencing on the Adjustment Date then at hand and continuing on the first day of each month thereafter until the next Adjustment Date or the end of the Lease Term, whichever is applicable.
Base Rent Escalation. The Base Rent rate per square foot of Net Rentable Area of the Premises shall be increased at the expiration of each twelve (12) month period of the Term by three percent (3%) of the Base Rent rate applicable during the then expiring twelve (12) month period.
Base Rent Escalation. On the first (1st) day of each new Lease Year during the Term of this Lease beginning with and including the second Lease year (each of such dates being hereinafter referred to as an "Adjustment Date") the annual Base Rent shall be increased and shall be equal to 1.03 times the Base Rent in effect during the immediately preceding Lease Year (disregarding any rental abatement or other reduction in Base Rent during any such preceding Lease Year, if any). The new monthly Rent Installment of Base Rent, as adjusted, shall be due and payable as of such Adjustment Date on the first (1st) day of each month thereafter until the next Adjustment Date or the end of the Term of this Lease, whichever is applicable.
Base Rent Escalation. On the first (1st) anniversary of the ------------ -------------------- Commencement Date and on each anniversary thereafter during the Term (each of such dates being hereinafter referred to as an "Adjustment Date"), the Base Rent shall be increased by an amount equal to the product of (i) the Base Rent in effect immediately prior to the Adjustment Date then at hand (which Base Rent shall not reflect any rental abatement), and (ii) two and one-half percent (2 1/2%). The Base Rent, as adjusted, shall be due and payable as of such Adjustment Date and on the first (1st) day of each month thereafter until the next Adjustment Date or the end of the Term, as applicable.
Base Rent Escalation. 2 5. COMMENCEMENT................................................................4 6.
Base Rent Escalation. The term "
Base Rent Escalation. The Base Rent shall escalate in accordance with the provisions of Exhibit C attached hereto.
Base Rent Escalation. The term “
