Common use of Adjustments to Basic Rent Clause in Contracts

Adjustments to Basic Rent. The monthly basic rent shall be increased annually by five percent (5%) and otherwise adjusted as follows January 1, 2001 through June 30, 2001 or sooner $63,035.50 per month July 1, 2001 or sooner through December 31, 2001 $47,575.00 per month January 1, 2002 through December 31, 2002 $49,953.75 per month January 1, 2003 through December 31, 2003 $52,451.44 per month

Adjustments to Basic Rent. The monthly basic rent shall be increased annually by five percent (5%) and otherwise adjusted as follows January July 1, 2001 through June 30January 31, 2001 or sooner 2002 $63,035.50 54,602.50 per month July 1, 2001 or sooner through December 31, 2001 $47,575.00 per month January February 1, 2002 through December 31, 2002 $49,953.75 per month January 1, 2003 through December 31, 2003 $52,451.44 per month