AUTOMATIC BASE RENT INCREASES Sample Clauses

AUTOMATIC BASE RENT INCREASES. In addition to any Additional Monthly Rent owed or to be owed by Lessee under the provisions of Article 6.1 through Article 6.3, the Base Rental (as defined in Article 3.1) shall be adjusted upward or downward as provided below in this Article 6.4, provided that in no event shall the Base Rental be reduced below the initial Base Rental specified in Article 3.1. Effective as of each anniversary dale of the commencement of this Lease, the Base Rental shall be adju▇▇▇▇ for the next succeeding twelve (12)-month period in an amount equal to the percentage change in the Revised Consumer Price Index for Urban Wage Earners and Clerical Workers (1967 = 100) (hereinafter called the "INDEX") published by the Bureau of Labor Statistics of the United States Department of Labor, for the Relevant Market specified in Item 6(f) of the Basic Lease Provisions (or for the state in which the Relevant Market is located, if no Index is published for the Relevant Market specified) from the closest date of publication of the Index prior to the effective date of such adjustment. Lessor shall furnish Lessee a written statement at least fifteen (15) days prior to the effectiveness of such adjustment, wherein the adjusted Base Rental and the calculations used to determine the amount of adjustment shall be set forth. As adjusted, the Base Rental shall be the Base Rental for purposes of Article 3.1, until the effective date of the next such annual adjustment, and as used in this Lease, the term "Base Rental" shall mean and refer to the Base Rental specified in Article 3.1, as adjusted by the provisions of this Article 6.
View Source

Related to AUTOMATIC BASE RENT INCREASES

  • Rent Increases The Rent payable shall not be increased or otherwise modified during the Term of this Lease. Any increase in Rent shall only take effect after the expiration of the Term provided in this Lease. Any increase in Rent to take effect upon renewal or extension of the Term of this Lease must be preceded by a - day notice of the same from the Landlord to the Tenant.

  • RENT INCREASE 6.1 The Landlord is entitled to increase the Rent payable under this tenancy, either during the Tenancy Term or any subsequent renewal or periodic term, on each anniversary of the start date of this tenancy (“The Rent Increase Date”). The increase will be a minimum 5% in addition to the current Rent payable. Should the Landlord elect to do so they will first serve written notice on the Tenant in accordance with these Tenancy Terms and Conditions of at least one calendar month prior to the Rent Increase Date (“the Rent Increase Notice”). 6.2 If the Landlord chooses not to increase the Rent on the Rent Increase Date they may defer doing so to any date thereafter provided they shall at any time thereafter be entitled to serve a Rent Increase Notice and the said rent increase shall take effect on the expiry of such notice – the Landlord will not be entitled to then increase the rent in this way for another 12 months.

  • Wage Increases The wage rates in this Agreement will only be increased in accordance with any increases which may be awarded by the Australian Fair Pay Commission through wage reviews. The level of any increases will be such that the percentage wage increase as set out in Clause 15 of this agreement will be maintained. No additional increases in wage rates will apply to the rate of pay in Clause 15 of this Agreement while it is in operation.

  • 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.

  • Benefit Increases Benefit payments may be increased as provided in Section 2.1.3.