Common use of Adjustment of Base Rent Clause in Contracts

Adjustment of Base Rent. Base Rent for the month of August, 2005, shall be payable in advance in the amount of Two Hundred Six Thousand Two Hundred Eight and 28/100 Dollars ($206,208.28) (being calculated by applying 10.25% for part of the month and applying 12.23% for the other part of the month). Beginning on September 1, 2005, and continuing through December, 2005, Base Rent shall be payable in advance in equal, consecutive monthly installments of Two Hundred Twenty-Five Thousand, Ten and 06/100 Dollars ($225,010.06), on or before the tenth (10th) day of each calendar month. Commencing on January 1, 2006, and on each January 1 thereafter during the term of this Lease, the Base Rent shall be increased by two and one half percent (2.5%) per annum of the previous year's Base Rent. If the previous year's Base Rent is for a partial year, Base Rent shall be adjusted as if it were a full year. Notwithstanding anything contained herein to the contrary, with respect to the adjustment of Base Rent for calendar year 2006, the increased Base Rent for calendar year 2006 will be calculated as if the annual rental rate of Two Million, Seven Hundred Thousand, One Hundred Twenty and 69/00 Dollars ($2,700,120.69) applied to the entire calendar year 2005. Notwithstanding anything contained herein to the contrary, the parties hereto acknowledge and agree that all calculations of Base Rent, including approximately seven and one-half (71/2) months of the Base Rent for the 2005 calendar year, have been made by multiplying the Initial Purchase Price by 10.25% per annum. In the event the Initial Purchase Price is adjusted and increased by the Purchase Price Adjustment, then all calculations of Base Rent shall be adjusted accordingly (including the Base Rent for the 2005 calendar year, if applicable) before adding and calculating the two and one-half percent (2.5%) annual increases as set forth above.

Adjustment of Base Rent. Base Rent for the month of August, 2005, shall be payable in advance in the amount of Two Seventy-Nine Thousand Three Hundred Six Thousand Two Hundred Eight Ten and 28/100 88/100 Dollars ($206,208.2879,310.88) (being calculated by applying 10.25% for part of the month and applying 12.23% for the other part of the month). Beginning on September 1, 2005, and continuing through December, 2005, Base Rent shall be payable in advance in equal, consecutive monthly installments of Two Hundred Twenty-Five Eighty Six Thousand, Ten Five Hundred Forty-Two and 06/100 33/100 Dollars ($225,010.06), 86,542.33) on or before the tenth (10th) day of each calendar month. Commencing on January 1, 2006, and on each January 1 thereafter during the term of this Lease, the Base Rent shall be increased by two and one half percent (2.5%) per annum of the previous year's Base Rent. If the previous year's Base Rent is for a partial year, Base Rent shall be adjusted as if it were a full year. Notwithstanding anything contained herein to the contrary, with respect to the adjustment of Base Rent for calendar year 2006, the increased Base Rent for calendar year 2006 will be calculated as if the annual rental rate of Two One Million, Seven Hundred Thirty-Eight Thousand, One Five Hundred Twenty Seven and 69/00 96/00 Dollars ($2,700,120.691,038,507.96) applied to the entire calendar year 2005. Notwithstanding anything contained herein to the contrary, the parties hereto acknowledge and agree that all calculations of Base Rent, including approximately seven and one-half (71/27 1/2) months of the Base Rent for the 2005 calendar yearyear 2005, have been made by multiplying the Initial Purchase Price by 10.25% per annum. In the event the Initial Purchase Price is adjusted and increased by the Purchase Price Adjustment, then all calculations of Base Rent shall be adjusted accordingly (including the Base Rent for the 2005 calendar yearyear 2005, if applicable) before adding and calculating the two and one-half percent (2.5%) % annual increases as set forth above.

Adjustment of Base Rent. Base Rent for the month of August, 2005, shall be payable in advance in the amount of Two Hundred Six Thousand Two Hundred Eight and 28/100 Dollars ($206,208.28) (being calculated by applying 10.25% for part of the month and applying 12.23% for the other part of the month). Beginning on September July 1, 2005, and continuing through December, 2005, Base Rent shall be payable in advance in equal, consecutive monthly installments of Two One Hundred Twenty-Five Ninety Thousand, Ten Three Hundred Ninety-Three and 06/100 13/100 Dollars ($225,010.06190,393.13), on or before the tenth (10th) day of each calendar month. Commencing on January 1, 2006, and on each January 1 thereafter during the term of this Lease, the Base Rent shall be increased by two and one half percent (2.5%) per annum of the previous year's Base Rent. If the previous year's Base Rent is for a partial year, Base Rent shall be adjusted as if it were a full year. Notwithstanding anything contained herein to the contrary, with respect to the adjustment of Base Rent for calendar year 2006, the increased Base Rent for calendar year 2006 will be calculated as if the annual rental rate of Two Million, Two Hundred Eighty-Four Thousand, Seven Hundred Thousand, One Hundred Twenty Seventeen and 69/00 51/00 Dollars ($2,700,120.692,284,717.51) applied to the entire calendar year 2005. Notwithstanding anything contained herein to the contrary, the parties hereto acknowledge and agree that all calculations of Base Rent, including approximately seven and one-half six (71/26) months of the Base Rent for the 2005 calendar yearyear 2005, have been made by multiplying the Initial Purchase Price by 10.25% per annum. In the event the Initial Purchase Price is adjusted and increased by the Purchase Price Adjustment, then all calculations of Base Rent shall be adjusted accordingly (including the Base Rent for the 2005 calendar yearyear 2005, if applicable) before adding and calculating the two and one-half percent (2.5%) % annual increases as set forth above.

Adjustment of Base Rent. Base Rent for the month of August, 2005, shall be payable in advance in the amount of Two Hundred Six Thousand Two Hundred Eight and 28/100 Dollars ($206,208.28) (being calculated by applying 10.25% for part of the month and applying 12.23% for the other part of the month). Beginning on September July 1, 2005, and continuing through December, 2005, Base Rent shall be payable in advance in equal, consecutive monthly installments of Two Three Hundred TwentyEight-Five Nine Thousand, Ten Four Hundred Forty and 06/100 49/100 Dollars ($225,010.06), 389,440.49) on or before the tenth (10th) day of each calendar month. Commencing on January 1, 2006, and on each January 1 thereafter during the term of this Lease, the Base Rent shall be increased by two and one half percent (2.5%) per annum of the previous year's Base Rent. If the previous year's Base Rent is for a partial year, Base Rent shall be adjusted as if it were a full year. Notwithstanding anything contained herein to the contrary, with respect to the adjustment of Base Rent for calendar year 2006, the increased Base Rent for calendar year 2006 will be calculated as if the annual rental rate of Two Four Million, Seven Six Hundred Seventy-Three Thousand, One Two Hundred Twenty Eighty-Five and 69/00 82/100 Dollars ($2,700,120.694,673,285.82) applied to the entire calendar year 2005. Notwithstanding anything contained herein to the contrary, the parties hereto acknowledge and agree that all calculations of Base Rent, including approximately seven and one-half six (71/26) months of the Base Rent for the 2005 during calendar yearyear 2005, have been made by multiplying the Initial Purchase Price by 10.25% per annum. In the event the Initial Purchase Price is adjusted and increased by the Purchase Price Adjustment, then all calculations of Base Rent shall be adjusted accordingly (including the Base Rent for the 2005 calendar yearyear 2005, if applicable) before adding and calculating the two and one-half percent (2.5%) % annual increases as set forth above.