Common use of Increase in Base Rent Clause in Contracts

Increase in Base Rent. The annual Base Rent payable under the Lease shall be increased by One Hundred Two and 50/100 Dollars ($102.50) per $1,000 of the Improvement Allowance disbursed pursuant to Paragraph 3 above, effective immediately as of the first day of the respective Adjustment Month. The increases in the annual Base Rent as a result of this Paragraph 4 of this Amendment shall be collectively referred to as the “Improvement Allowance Adjustment Amount.” Lessor shall provide Lessee with written notice of the then current annual Base Rent, as adjusted by the “Improvement Allowance Adjustment Amount”, at or prior to each disbursement made pursuant to Paragraph 3, above. To the extent such written notice of the then current Base Rent is not received by Lessee prior to the payment by Lessee of Base Rent for an Adjustment Month, then Lessee shall include any increased differential in Base Rent with the payment of the following month’s installment of Base Rent.

Increase in Base Rent. The annual Base Rent payable under the Lease shall be increased by One Hundred Two and 50/100 Dollars ($102.50) per $1,000 of the Improvement Allowance disbursed pursuant to Paragraph 3 above, effective immediately as of the first day of the respective Adjustment Month. The increases in the annual Base Rent as a result of this Paragraph 4 of this Amendment shall be collectively referred to as the “"Improvement Allowance Adjustment Amount.” " Lessor shall provide Lessee with written notice of the then current annual Base Rent, as adjusted by the “"Improvement Allowance Adjustment Amount”", at or prior to each disbursement made pursuant to Paragraph 3, above. To the extent such written notice of the then current Base Rent is not received by Lessee prior to the payment by Lessee of Base Rent for an Adjustment Month, then Lessee shall include any increased differential in Base Rent with the payment of the following month’s 's installment of Base Rent.