Common use of Adjustments in Base Rent Clause in Contracts

Adjustments in Base Rent. On the Anniversary Date each year (each, an "Adjustment Date"), the Base Rent payable by Tenant shall be adjusted in the following manner. The Adjustment Index shall be compared with the Beginning Index. If the Adjustment Index has increased over the Beginning Index, then the Base Rent payable on and after such Adjustment Date shall be set by multiplying Base Rent by a fraction, the numerator of which is the Adjustment Index and the denominator of which is the Beginning Index. In no event shall the Base Rent on or after the Adjustment Date be less than the Base Rent in effect immediately before the Adjustment Date.

Adjustments in Base Rent. On the Anniversary Date each year (each, an "Adjustment Date"), the Base Rent payable by Tenant Lessee shall be adjusted in the following manner. The Adjustment Index shall be compared with the Beginning Base Index. If the Adjustment Index has increased over the Beginning Base Index, then the Base Rent payable on and after such Adjustment Date shall be set by multiplying Base Rent by a fraction, the numerator of which is the Adjustment Index and the denominator of which is the Beginning Base Index. In no event shall the Base Rent on or after the Adjustment Date be less than the Base Rent in effect immediately before prior to the Adjustment Date.