escalation clause

escalation clause
USA
escalation clause, Also known as a stop clause or participation clause.
In a commercial lease, a provision that requires the tenant to pay its pro-rata share of increases in building costs, such as real estate taxes and operating expenses. The tenant's payments under an escalation clause are in addition to the base rent payable by the tenant under the lease.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • escalation clause — UK US noun [C] COMMERCE, LAW ► ESCALATOR CLAUSE(Cf. ↑escalator clause) …   Financial and business terms

  • escalation clause — escalator clause or escalation clause noun A clause in an agreement allowing for adjustment up or down according to change in circumstances, as in cost of material in a work contract or in cost of living in a wage agreement • • • Main Entry:… …   Useful english dictionary

  • escalation clause — A clause in a contract authorizing the contractor to increase the price in specified conditions of all or part of the services or goods he has contracted to supply. Escalation clauses are common in contracts involving work over a long period in… …   Big dictionary of business and management

  • escalation clause — /ɛskəˈleɪʃən klɔz/ (say eskuh layshuhn klawz) noun a provision in a contract allowing for adjustments up or down under specific economic conditions, as in the cost of living in a wage agreement. Also, escalator clause …  

  • escalation clause — /ˌeskə leɪʃ(ə)n klɔ:z/ noun same as escalator clause …   Marketing dictionary in english

  • escalation clause — /ˌeskə leɪʃ(ə)n klɔ:z/ noun same as escalator clause …   Dictionary of banking and finance

  • escalation clause — See escalator clause …   Black's law dictionary

  • escalation clause — See escalator clause …   Black's law dictionary

  • De-Escalation Clause — An article in a contract that calls for a price decrease if there is a decrease in certain costs. For example, a de escalation clause may stipulate that maintenance fees will be reduced if the item being maintained depreciates in value. A de… …   Investment dictionary

  • clause — / klȯz/ n: a distinct section of a writing; specif: a distinct article, stipulation, or proviso in a formal document a no strike clause in the collective bargaining agreement claus·al / klȯ zəl/ adj Merriam Webster’s Dictionary of Law. Merriam… …   Law dictionary

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