Common use of Increases in Base Rent Clause in Contracts

Increases in Base Rent. Base Rent shall be increased on the fifth anniversary of the Commencement Date and every five (5) years thereafter to equal the product of (i) the Base Rent in effect for the immediately preceding twelve (12) month period multiplied by (ii) one hundred ten percent (110%).

Appears in 2 contracts

Sources: Deed of Lease (Amerigroup Corp), Deed of Lease (Amerigroup Corp)