BASE RENT ADJUSTMENTS definition

BASE RENT ADJUSTMENTS. On each anniversary of the Rent Commencement Date, the Monthly Base Rent shall increase by $.05 per Rentable Square Foot (“Base Rent Adjustments”):
BASE RENT ADJUSTMENTS. As set forth in Exhibit D. OPERATING EXPENSE BASE YEAR: Year 2000 ELECTRICAL EXPENSE STOP: ($0.65) multiplied by the Building Rentable Area, which is a part of the Operating Cost Expense Stop. ADVANCE BASE RENTAL PAYMENT: N/A. SECURITY DEPOSIT: N/A. TENANT'S PROPORTION- ATE SHARE: Premises Rentable Area / Building Rentable Area = 31.65% TENANT IMPROVEMENT ALLOWANCE: $18.00 per rentable square foot contained in the Premises. TENANT PLANS AND SPECIFIC- Plan Submission Deadline: Tenant agrees to cause the construction ATIONS: plans for the Tenant Improvements, excluding the NOC) to be submitted to Landlord's engineers not later than January 7, 2000.
BASE RENT ADJUSTMENTS. Commencing January 1, 1999, the new monthly base rent shall be Twenty-nine Thousand Seven Hundred and no/100 ($29,700.00) Dollars. Commencing January 1, 2000, the new monthly base rent shall be Thirty Thousand Six Hundred and no/100 ($30,600.00) Dollars. Commencing January 1, 2001, the new monthly base rent shall be Thirty- one Thousand Five Hundred and no/100 ($31,500.00) Dollars. Commencing January 1, 2002, the new monthly base rent shall be Thirty- two Thousand Four Hundred Ninety and no/100 ($32,400.00) Dollars.

Examples of BASE RENT ADJUSTMENTS in a sentence

  • Base Rent Adjustments: Increase by four percent (4%) per annum, commencing on the first anniversary of the Commencement Date, and continuing annually throughout the Term.

  • If Tenant shall fail to pay any installment of Base Rent, Real Estate Taxes, Operating Expenses, or annual Base Rent Adjustments when due and payable as provided for herein, a five percent (5%) late charge shall be added to each such late installment.

  • The Base Rent Adjustments of the sublease shall be as defined Section 1.5.1 of the Master Lease Addendum, with the additional provision at each Adjustment Date defined therein, that each adjustment shall be capped at a maximum of six percent (6%) and a minimum of two percent (2%) annually but effective every three (3) years.

  • Any Base Rent or Base Rent Adjustments due to Landlord not paid when due shall bear interest from the date due until paid at the rate of twelve percent (12%) per annum; provided, however, that interest shall not be payable on late charges pursuant to Paragraph 5.

  • Notwithstanding any other provisions herein to the contrary, the initial Base Rent or any Base Rent Adjustments shall not be decreased based upon adjustments in the Consumer Price Index as herein provided.

  • Tenant acknowledges that the late payment by Tenant to Landlord of Base Rent or any Base Rent Adjustments due under this Lease will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult and impractical to ascertain.

  • Base Rent Adjustments: Commencing the thirteenth month, the Base Rent increases to nineteen and 57/100 Dollars ($19.57) per rentable square foot per annum.

  • In addition to the rent payable by the Tenant under the terms of this Lease, the Tenant shall pay to the landlord an amount equal to the excise, transaction, sales or privilege tax (except income tax) now or hereafter levied or imposed upon the Landlord by any government or governmental agency on account of, attributed to or measured by the rentals, including Base Rent, Base Rent Adjustments, or other charges or prorations paid by the Tenant hereunder.

  • All sums that Lessee is required to pay under this Lease to Lessor in addition to the aforesaid Base Rent and Base Rent Adjustments shall be deemed to be additional rent hereunder (the “Additional Rent”).

  • Except as provided in this subsection and in subsection 10.2 of this Addendum, if LESSEE elects to extend the Original Term, all other terms and conditions of the Lease, including annual Base Rent Adjustments of 3.5%, shall remain in effect during such extended term.

Related to BASE RENT ADJUSTMENTS

  • RENT ADJUSTMENT Any amounts owed by Tenant for payment of Operating Expenses. The Rent Adjustments shall be determined and paid as provided in Article Four.

  • Base Rental means the sum of Seven Hundred Nineteen Thousand Two Hundred Sixty-Eight and NO/100 Dollars ($719,268.00), payable by Tenant to Landlord in sixty (60) monthly installments as follows:

  • Base Rent As defined in Section 3.1.

  • Payment Adjustment Date With respect to each ARM Loan, the date on which the Borrower's Monthly Payment changes in accordance with the terms of the related Mortgage Note.

  • Minimum Rent means Forty-Four Million Four Hundred Eleven Thousand Six Hundred Eighteen and 00/100ths Dollars ($44,411,618.00), subject to adjustment as provided in Section 3.1.1(b).

  • Monthly Rent means the monthly installment of Minimum Annual Rent plus the monthly installment of estimated Annual Operating Expenses payable by Tenant under this Lease.

  • Interest Adjustment Rate means the interest adjustment rate assigned to the Security. The initial Interest Adjustment Rate is the interest adjustment rate specified in the Table (the "Initial Interest Adjustment Rate").The Issuer may adjust, in its reasonable discretion pursuant to §315 BGB and in consideration of the relevant capital market practice and by acting in good faith (including market interest rates and the interest-rate expectations of the market), the Interest Adjustment Rate, including the Initial Interest Adjustment Rate, on any Scheduled Trading Day within the range (deviation (+) or (-)) specified in the Table for any given Security. The adjusted rate will be published without undue delay in accordance with §12.

  • Base Year Value means the assessed value of eligible property January 1 preceding the execution of the agreement plus the agreed upon value of eligible property improvements made after January 1 but before the execution of the agreement.

  • Percentage Rent As defined in Subsection 3.1(b).

  • Base Year means the period set forth in Section 5 of the Summary.

  • Interest Adjustment Date With respect to a Mortgage Loan, the date, if any, specified in the related Mortgage Note on which the Mortgage Interest Rate is subject to adjustment.

  • Direct Expenses means “Operating Expenses” and “Tax Expenses.”

  • Basic Rent means Basic Rent as defined in Paragraph 6.

  • Net Adjustment Amount means an amount, which may be positive or negative, equal to the Closing Net Working Capital as finally determined pursuant to this Section 2.9 minus the Preliminary Net Working Capital as set forth on the Preliminary Closing Statement;

  • Fixed Rent shall have the meaning set forth in Section 1.1 hereof.

  • Operating Expenses is defined to include all expenses necessary or appropriate for the operation of the Fund (or Class, as applicable), including the Advisor’s investment advisory or management fee detailed in the Investment Advisory Agreement and any Rule 12b-1 fees and other expenses described in the Investment Advisory Agreement, but does not include taxes, leverage interest, brokerage commissions, dividend and interest expenses on short sales, acquired fund fees and expenses (as determined in accordance with SEC Form N-1A), expenses incurred in connection with any merger or reorganization, or extraordinary expenses such as litigation expenses.

  • Additional Rental has the meaning set forth in Section 4.03.

  • Annual Rent means the amount payable by Tenant to Landlord in respect of each year of the Term under Article 4.01.

  • Net Rent means all rental Landlord actually receives from any reletting of all or any part of the Premises, less any indebtedness from Tenant to Landlord other than Rent (which indebtedness is paid first to Landlord) and less the Re-entry Costs (which costs are paid second to Landlord).

  • Annual Fixed Rent See Exhibit A, and Section 3.1.

  • CPI Adjustment means the quotient of (i) the CPI for the month of January in the calendar year for which the CPI Adjustment is being determined, divided by (ii) the CPI for January of 2007.

  • Monthly Base Rent The monthly rent specified in Section 1.01(8).

  • Additional Rent means all amounts payable by the Tenant under this Lease except Base Rent, whether or not specifically designated as Additional Rent elsewhere in this Lease;

  • True-Up Adjustment means any Annual True-Up Adjustment or Interim True-Up Adjustment, as the case may be.

  • Base Monthly Rent means the fixed monthly rent payable by Tenant pursuant to Section 3.1 which is specified in Section K of the Summary.

  • Tax Expenses means all federal, state, county, or local governmental or municipal taxes, fees, charges or other impositions of every kind and nature, whether general, special, ordinary or extraordinary, (including, without limitation, real estate taxes, general and special assessments, transit taxes, leasehold taxes or taxes based upon the receipt of rent, including gross receipts or sales taxes applicable to the receipt of rent, unless required to be paid by Tenant, personal property taxes imposed upon the fixtures, machinery, equipment, apparatus, systems and equipment, appurtenances, furniture and other personal property used in connection with the Project, or any portion thereof), which shall be paid or accrued during any Expense Year (without regard to any different fiscal year used by such governmental or municipal authority) because of or in connection with the ownership, leasing and operation of the Project, or any portion thereof.