Examples of Adjustment Dates in a sentence
For the avoidance of doubt, the number of Adjustment Dates is unlimited.
The Annual Rent payable from the beginning of each Renewal Term, and during each Renewal Term, will be subject to adjustment in accordance with clause 5 on the Adjustment Dates.
Adjustment Dates (Section 4.2): CPI increase or 3% annually on January 1 of each year, whichever is greater, beginning January 1, 2015, subject to Section 4.2. Use (Section 5.1): Licensee shall use the Premises for Licensee’s installation, operation and maintenance of Equipment for the transmission and reception of wireless, cellular telephone and data communication and the installation, maintenance and operation of related communications equipment (“Communications Site”).
Rather, on future Adjustment Dates, BPI would be required to make-up the Deficiency by first adding Net Royalty and Distributions in an amount equal to the Deficiency before receiving any further Additional Entitlements (i.e. BPI only receives Additional Entitlements in respect of the cumulative amount by which Royalty and Distributions from New Restaurants exceeds actual Royalty and Distributions lost from Closed Restaurants).
The foregoing shall not prevent cumulative increases or decreases of either Percentage Rent Multiplier by more than 10% over multiple Percentage Rent Adjustment Dates.