Adjusted Base Rent a. The Base Rent (and the corresponding Monthly Installments of Base Rent) set forth at Section 2a shall be adjusted annually (the "Adjustment Date"), commencing on Tenant's First Adjustment Date. Adjustments, if any, shall be based upon increases (if any) in the Index. The Index in publication three (3) months before the Commencement Date shall be the "Base Index." The Index in publication three (3) months before each Adjustment Date shall be the "Comparison Index." As of each Adjustment Date, the Base Rent payable during the ensuring twelve-month period shall be determined by increasing the initial Base Rent by a percentage equal to the percentage increase, if any, in the Comparison Index over the Base Index. If the Comparison Index for any Adjustment Date is equal to or less than the Comparison Index for the preceding Adjustment Date (or the Base Index, in the case of First Adjustment Date), the Base Rent for the ensuing twelve-month period shall remain the amount of Base Rent payable during the preceding twelve-month period. When the Base Rent payable as of each Adjustment Date is determined, Landlord shall promptly give Tenant written notice of such adjusted Base Rent and the manner in which it was computed. The Base Rent as so adjusted from time to time shall be the "Base Rent" for all purposes under this Lease.
b. If at any Adjustment Date the Index no longer exists in the form described in this Lease, Landlord may substitute any substantially equivalent official index published by the Bureau of Labor Statistics or its successor. Landlord shall use any appropriate conversion factors to accomplish such substitution. The substitute index shall then become the "Index" hereunder.
Adjusted Base Rent. Intentionally deleted.
Adjusted Base Rent. The amount of Base Rent (and the corresponding Monthly Installments of Base Rent) payable hereunder shall be adjusted commencing on Tenant's First Adjustment Date and continuing on each Adjustment Date thereafter. Adjustments, if any, shall be based upon increases (if any) in the index. The Index for the calendar month which is four (4) months before the Commencement Date shall be the Base Index. On each Adjustment Date, the Base Rent shall be increased by a percentage equal to the percentage increase, if any, in the Index in publication four (4) months before the Adjustment Date (the Comparison Index) over the Base Index (Adjusted Base Rent). In the event the Comparison Index in any year is less than the Comparison Index (or Base Index, as the case may be) for the preceding year, the Base Rent shall remain the amount of Base Rent or Adjusted Base Rent payable during that preceding year. When the Adjusted Base Rent payable as of each Adjustment Date is determined, Landlord shall give Tenant a written statement of such Adjusted Base Rent and the manner in which it was computed. The Adjusted Base Rent shall thereafter be the Base Rent for all purposes under this Lease.
Adjusted Base Rent. At the beginning of Lease Year 2 and each successive Lease Year thereafter, the rent shall be increased by the greater of (i) three percent (3%) over the prior Lease Year, or (ii) an amount determined by multiplying the rent paid during the prior rent period by a fraction, the denominator of which shall be the Consumer Price Index (“CPI” as defined below) for the first month of the prior Lease Year and the numerator of which shall be the same CPI for the first month of the current Lease Year. Notwithstanding anything herein to the contrary, the adjusted rent amount determined hereunder shall never be less than the rent amount paid during the immediately preceding Lease Year. The term “CPI” means the Consumer Price Index - U.S. City Averages for All Urban Consumers - All Items (1982-84 = 100), of the United States Bureau of Labor Statistics. If the Bureau of Labor Statistics revises the manner in which such CPI is determined, Lessor may adjust the revised index to produce results equivalent, as nearly as possible, to those which would have been obtained if the CPl had not been so revised. If the 1982-84 average shall no longer be used as an index of 100, such change shall constitute a revision. If the CPI shall become unavailable to the public because publication is discontinued, or otherwise, Lessor will substitute therefor, a comparable index based upon changes in the cost of living or purchasing power of the consumer dollar published by any other governmental agency or, if no such index shall be available then a comparable index published by a major bank or other financial institution.
Adjusted Base Rent. Tenant's possession of the leased premises during each Renewal Term, if any, shall be under and subject to all of the terms, covenants and conditions set forth in this Lease, with the exception that the annual base rent for each Renewal Term shall be adjusted as follows:
(i) The annual base rent for each Renewal Term shall be determined by multiplying (a) the annual base rent payable by Tenant during the last year of initial term or the last year of the First Renewal Term, as applicable, by (b) a fraction, the numerator of which shall be the Base Index (as hereinafter defined) for the second full calendar month which precedes the commencement date of the applicable Renewal Term, and the denominator of which shall be the Base Index for the thirty eighth full calendar month which precedes such commencement date.
(ii) As used herein, the term "Base Index" shall mean and refer to the United States Department of Labor, Bureau of Labor Statistics Revised Consumer Price Index for all Urban Consumers (CPI-U) (1982-1984 = 100) for Detroit - Ann Arbor, Michigan, or the successor such index. If the Base Index ceases to
Adjusted Base Rent. As of the Effective Date, Section 2.1 of the Lease is ------------------- hereby amended so that the monthly Adjusted Base Rent shall be added for the premises and shall be as follows:
Adjusted Base Rent. The amount of Monthly Installments of Base Rent payable hereunder shall be as follows: 1 - 12 $1,450.00 13-24 $1,450.00
Adjusted Base Rent. The Base Rent of $138,804.00 per year (and the corresponding Monthly Installments of Base Rent) set forth at Section 2a shall be adjusted annually (the "Adjustment Date"), commencing on Tenant's First Adjustment Date (See Article 36). Adjustments will be based at a rate of three percent (3.0%) per year. Upon lease execution, Landlord shall prepare a schedule of rents for the lease term and the option term for the purpose of establishing future base rental rates. Landlord Landlord Tenant Tenant
Adjusted Base Rent. Commencing on August 27, 2019 and every twelve months thereafter (each a “Rent Adjustment Date”) the Base Rent for the Premises, shall be increased by an amount equal to three percent (3%) of the then applicable Base Rent.
