Common use of Adjustment Dates Clause in Contracts

Adjustment Dates. 10 3.2.2 Ground Rent Adjustments by Appraisal................ 10 3.2.2.1 Adjustments for Predevelopment and Infrastructure Costs.......................... 11 3.2.3 Appraisal .......................................... 11 3.2.4 Maximum Rent Increase .............................. 13 3.2.4.1 Allocation to Parcels....................... 13 3.2.4.2 Base Sublease Rental........................ 14 3.2.4.3 Sublease Rental Percentage Change........... 14 3.2.4.4 Adjusted Ground Rent........................ 14 3.2.4.5 Sale or Assignment of Leasehold Interest.... 15 3.3 Ground Rent Adjustments Following Reconstruction.............. 15 3.3.1 Ground Rent Adjustments............................. 16 3.3.1.1

Adjustment Dates. 10 8 3.2.2 Ground Rent Adjustments by Appraisal................ 10 ........................................... 9 3.2.2.1 Adjustments Adjustment for Predevelopment and Infrastructure Costs.......................... 11 ......................... 10 3.2.3 Appraisal .......................................... 11 Appraisal............................................. 10 3.2.4 Maximum Rent Increase .............................. 13 Increase................................. 12 3.2.4.1 Allocation to Parcels....................... 13 .............................. 12 3.2.4.2 Base Sublease Rental........................ 14 ............................... 13 3.2.4.3 Sublease Rental Percentage Change........... 14 ........................................... 13 3.2.4.4 Adjusted Ground Rent........................ 14 ............................... 13 3.2.4.5 Sale or Assignment of Leasehold Lease- hold Interest.... 15 .................................... 14 3.3 Ground Rent Adjustments Following Reconstruction.............. 15 ............... 14 3.3.1 Ground Rent Adjustments............................. 16 ............................... 15 3.3.1.1

Adjustment Dates. 10 8 3.2.2 Ground Rent Adjustments by Appraisal................ 10 Appraisal ............................................. 9 3.2.2.1 Adjustments Adjustment for Predevelopment and Infrastructure Costs.......................... 11 Costs ......................... 9 3.2.3 Appraisal .......................................... 11 .............................................. 10 3.2.4 Maximum Rent Increase .............................. 13 .................................. 12 3.2.4.1 Allocation to Parcels....................... 13 Parcels ............................. 12 3.2.4.2 Base Sublease Rental........................ 14 Rental .............................. 12 3.2.4.3 Sublease Rental Percentage Change........... 14 RentalPercentage Change .......................................... 12 3.2.4.4 Adjusted Ground Rent........................ 14 Rent .............................. 13 3.2.4.5 Sale or Assignment of Leasehold Interest.... 15 Lease hold Interest ................................... 14 3.3 Ground Rent Adjustments Following Reconstruction.............. 15 Recon- struction ..................................................... l4 3.3.1 Ground Rent Adjustments............................. 16 Adjustments ................................ 14 3.3.1.1