Common use of Increase in Base Rent Clause in Contracts

Increase in Base Rent. The Base Rent shall be increased at the beginning of the second Lease Year, and at the beginning of each Lease Year thereafter pursuant to the following rent schedule: First Lease Year Second Lease Year Third Lease Year Forth Lease Year Fifth Lease Year 4. LESSEE'S Payment of Operating Expenses. Beginning on the Commencement Date, in addition to payment of the Base Rent, LESSEE shall be responsible for payment of all "Operating Expenses" (as defined below). The term "Operating Expenses" means the following expenses and costs of the ownership and operation of the Premises: (a) amounts payable for maintenance contracts required to be procured pursuant to Paragraph 7.1(b) of the Lease (but not the cost of repairs or replacements payable by LESSEE).

Increase in Base Rent. The Base Rent shall be increased at the beginning of the second Lease Year, and at the beginning of each Lease Year thereafter pursuant to the following rent schedule: First Lease Year Second Lease Year Third Lease Year Forth Lease Year Fifth Lease Year Year 4. LESSEE'S Payment of Operating Expenses. Beginning on the Commencement Date, in addition to payment of the Base Rent, LESSEE shall be responsible for payment of all "Operating Expenses" (as defined below). The term "Operating Expenses" means the following expenses and costs of the ownership and operation of the Premises: (a) amounts payable for maintenance contracts required to be procured pursuant to Paragraph 7.1(b) of the Lease (but not the cost of repairs or replacements payable by LESSEE).