Annual Increases in Base Rent Clause Samples

Annual Increases in Base Rent. The Base Rent shall be increased on April 1, 2004 and on the first day of January of each year of the Initial Term pursuant to the following schedule: 5/1/03 = $ 59,352.89 1/1/04 = $ 59,872.23 1/1/05 = $ 65,996.00 1/1/06 = $ 66,986.00 1/1/07 = $ 67,991.00 1/1/08 = $ 69,609.00 1/1/09 = $ 71,698.00 1/1/10 = $ 73,848.00 1/1/11 = $ 76,064.00 1/1/12 = $ 78,346.00 1/1/13 = $ 80,696.00”
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Annual Increases in Base Rent. At the end of the twenty-fourth (24th) month and each succeeding Lease Year for the Term of the Lease, the Base Rent shall be increased, effective the first month of the new Lease Year. The annual increase to the Base Rent shall be determined by the greater of (i) multiplying the Base Rent for the first Lease Year by the “CPI” as of the end of the Lease Year then ended less “Base CPI”, or (ii) by multiplying the Base Rent for the Lease Year then ended by three percent (3%); provided, however, that the annual increase in Base Rent shall never be less than three percent (3%) even if CPI decreases or CPI increases by less than three percent (3%) from one Lease Year to the next. “CPI” means the Consumer Price Index (Revised)—All Urban Consumers (U.S. City Average) issued by the U.S. Department of Labor. “Base CPI” means the CPI as of the Beginning Date.
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Annual Increases in Base Rent. Each twelve (12) month period following the Term Commencement Date (including option Periods) is referred to as a "Lease Year". Commencing on January 1, 1997, and at the commencement of each Lease Year thereafter (plus, if any option is timely and properly exercised, at the commencement of the second Lease Year of each Option Period and at the commencement of each Lease Year thereafter during each option Period) (each of said dates is hereinafter referred to an "Adjustment Date"), the Annual Base Rent (or if applicable, the Annual Option Period Base Rent) for the Lease Year immediately following each Adjustment Date shall increased by the following amount: (i) an amount equal to three percent (3%) of the Annual Base Rent (or if applicable, the Annual Option Period Base Rent) for the Lease Year just ended; plus (ii) the amount determined by multiplying the Annual Base Rent (or if applicable, the Annual Option Period Base Rent) for the Lease Year just ended, by one-half (50%) of any increase in the Consumer Price Index (defined below) for the Lease Year just ended which is in excess of five percent (5%). The amount calculated pursuant to the preceding sentence shall be added to the Annual Base Rent (or if applicable, the Annual option Period Base Rent) charged for the Lease Year immediately prior to the Adjustment Date in question, and the total of said amount shall be the Annual Base Rent (or if applicable, the Annual option Period Base Rent) for the Lease Year immediately following the Adjustment Date in question.
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Annual Increases in Base Rent. Base Rent shall be increased annually on the first and each subsequent anniversary of the Commencement Date during the Term to equal the product of: (i) the Base Rent in effect for the immediately preceding twelve (12) month period multiplied by (ii) the “Base Rent Adjustment” amount set forth in the Lease Summary.
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Annual Increases in Base Rent. The Base Rent shall be increased on April 1, 2004, July 1, 2004, and on the first day of January of each year of the Initial Term pursuant to the following schedule: 5/1/03 = $ 59,352.89 1/1/04 = $ 59,872.23 4/1/04 = $ 65,021.00 7/1/04 = $ 69,311.00 1/1/05 = $ 70,352.00 1/1/06 = $ 71,408.00 1/1/07 = $ 72,479.00 1/1/08 = $ 74,204.00 1/1/09 = $ 76,430.00 1/1/10 = $ 78,723.00 1/1/11 = $ 81,085.00 1/1/12 = $ 83,517.00 1/1/13 = $ 86,023.00 All other provisions contained in the Lease shall remain in full force and effect. LANDLORD: THE WALNUT PLAZA (A California Limited Partnership) By /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ TENANT: GUIDANCE SOFTWARE, INC. By /s/ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇, President-CEO By /s/ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, Secretary
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Related to Annual Increases in Base Rent

  • Annual Increases On each anniversary of Employee's termination from employment, any remaining amounts to be paid during the next year pursuant to this Paragraph 9 shall be increased to an amount equal to one hundred ten percent (110%) of the amounts required to be paid by Employer hereunder under the provisions of this Paragraph 9 during the preceding year.

  • Annual Base Rent Section 5.1 Effective as of the Effective Date, the first sentence of Section 5.1 of the Lease shall be deemed modified and restated in its entirety as follows: "During the Initial Term Tenant agrees to pay to Landlord annual base rent for the Premises (the "ANNUAL BASE RENT") at the rate of Three Million Eight Hundred Thousand and 00/100 Dollars ($3,800,000.00) per annum (the "INITIAL ANNUAL BASE RENT AMOUNT"). Notwithstanding the foregoing, provided that Tenant is not then in default under this Lease beyond any applicable period set forth in this Lease within which the default may be cured, Tenant shall be entitled to an aggregate credit of $1,000,000 to be applied in twelve (12) equal monthly installments of $83,333.33 against the monthly installments of Annual Base Rent due hereunder for the second through thirteenth calendar months of the Initial Term (the "FREE RENT PERIOD"); it being further agreed, however, that if Tenant is in default under this Lease beyond any applicable cure period, then (a) any credit not given Tenant during the period of such default shall only be suspended and shall be given to Tenant, and carried forward if not capable of immediately being used in its entirety until capable of being so used in its entirety, upon any subsequent cure by Tenant of such default and any other then existing default(s) by Tenant under this Lease, and (b) Tenant shall further be entitled to all monthly installments of such credit otherwise to be applied, pursuant to the terms hereof, after such subsequent cure(s). Notwithstanding anything to the contrary in this Lease, if there shall be Net Distributable Cash for the Free Rent Period, but calculated for this purpose only without reference to any additional rent payable pursuant to this sentence, then Tenant shall pay an amount (such amount, the "FREE RENT MAKE-UP") equal to the lesser of (1) the amount of the $1,000,000 credit set forth above actually applied against Annual Base Rent as provided above, whether such application against Annual Base Rent was made during the Free Rent Period or subsequent thereto (i.e., if any portion of such credit is so applied after the Free Rent Period pursuant to either or both of the preceding clauses (a) and (b)) or (2)

  • Salary Increase All State salary increases or reductions provided to the district during this contract will be provided to all employees.

  • Salary Increases The Employer agrees to pay the negotiated salary increases to every employee not later than the month following the month in which this Agreement is signed and not later than the month following the month in which any subsequent salary increases become effective.

  • Annual Increments ‌ 12.1 Employees will proceed to the maximum of their salary range by annual increments, after 12 months’ continuous service at each increment point, unless there is an adverse report on the Employee's performance or conduct which recommends the non-payment of an annual increment. 12.2 The following process will apply where a report on an Employee’s performance or conduct recommends the non-payment of an annual increment: (a) The Employee will be shown the report prior to completing 12 months’ continuous service since their last incremental advance; (b) The Employee will be provided with an opportunity to comment in writing; (c) The Employee’s comments will be considered immediately by the Employer and a decision made as to whether to approve the payment of the increment or withhold payment for a specific period; and (d) Where the increment is withheld, the Employer before the expiry of the specified period will complete a further report and the above provisions will apply. 12.3 The non-payment of an increment will not change the normal anniversary date of any further increment payments. 12.4 For the purposes of this clause "continuous service", except where an increment is payable according to age, will not include any period: (a) exceeding 14 calendar days during which an Employee is absent on Leave Without Pay. In the case of leave without pay which exceeds 14 calendar days the entire period of such Leave Without Pay is excised in full; (b) which exceeds six (6) months in one continuous period during which an Employee is absent on workers' compensation. Provided that only that portion of such continuous absence which exceeds six (6) months will not count as "continuous service"; and (c) which exceeds three (3) months in one (1) continuous period during which an Employee is absent on Personal Leave without pay. Provided that only that portion of such continuous absence which exceeds three (3) months will not count as "continuous service".