Annual Increases in Base Rent. The Base Rent shall be increased on April 1, 2004 and on the first day of January of each year of the Initial Term pursuant to the following schedule: 5/1/03 = $ 59,352.89 1/1/04 = $ 59,872.23 4/1/04 = $ 65,021.00 1/1/05 = $ 65,996.00 1/1/06 = $ 66,986.00 1/1/07 = $ 67,991.00 1/1/08 = $ 69,609.00 1/1/09 = $ 71,698.00 1/1/10 = $ 73,848.00 1/1/11 = $ 76,064.00 1/1/12 = $ 78,346.00 1/1/13 = $ 80,696.00”
Annual Increases in Base Rent. At the end of the twenty-fourth (24th) month and each succeeding Lease Year for the Term of the Lease, the Base Rent shall be increased, effective the first month of the new Lease Year. The annual increase to the Base Rent shall be determined by the greater of (i) multiplying the Base Rent for the first Lease Year by the “CPI” as of the end of the Lease Year then ended less “Base CPI”, or (ii) by multiplying the Base Rent for the Lease Year then ended by three percent (3%); provided, however, that the annual increase in Base Rent shall never be less than three percent (3%) even if CPI decreases or CPI increases by less than three percent (3%) from one Lease Year to the next. “CPI” means the Consumer Price Index (Revised)—All Urban Consumers (U.S. City Average) issued by the U.S. Department of Labor. “Base CPI” means the CPI as of the Beginning Date.
Annual Increases in Base Rent. The Base Rent shall be increased on April 1, 2004, July 1, 2004, and on the first day of January of each year of the Initial Term pursuant to the following schedule: 5/1/03 = $ 59,352.89 1/1/04 = $ 59,872.23 4/1/04 = $ 65,021.00 7/1/04 = $ 69,311.00 1/1/05 = $ 70,352.00 1/1/06 = $ 71,408.00 1/1/07 = $ 72,479.00 1/1/08 = $ 74,204.00 1/1/09 = $ 76,430.00 1/1/10 = $ 78,723.00 1/1/11 = $ 81,085.00 1/1/12 = $ 83,517.00 1/1/13 = $ 86,023.00 All other provisions contained in the Lease shall remain in full force and effect. LANDLORD: THE WALNUT PLAZA (A California Limited Partnership) By /s/ Xxxxxx X. Xxxxxx Xxxxxx X. Xxxxxx TENANT: GUIDANCE SOFTWARE, INC. By /s/ Xxxx Xxxxxxx Xxxx Xxxxxxx, President-CEO By /s/ Xxxxxxxx XxXxxxxxx Xxxxxxxx XxXxxxxxx, Secretary
Annual Increases in Base Rent. Each twelve (12) month period following the Term Commencement Date (including option Periods) is referred to as a "Lease Year". Commencing on January 1, 1997, and at the commencement of each Lease Year thereafter (plus, if any option is timely and properly exercised, at the commencement of the second Lease Year of each Option Period and at the commencement of each Lease Year thereafter during each option Period) (each of said dates is hereinafter referred to an "Adjustment Date"), the Annual Base Rent (or if applicable, the Annual Option Period Base Rent) for the Lease Year immediately following each Adjustment Date shall increased by the following amount: (i) an amount equal to three percent (3%) of the Annual Base Rent (or if applicable, the Annual Option Period Base Rent) for the Lease Year just ended; plus (ii) the amount determined by multiplying the Annual Base Rent (or if applicable, the Annual Option Period Base Rent) for the Lease Year just ended, by one-half (50%) of any increase in the Consumer Price Index (defined below) for the Lease Year just ended which is in excess of five percent (5%). The amount calculated pursuant to the preceding sentence shall be added to the Annual Base Rent (or if applicable, the Annual option Period Base Rent) charged for the Lease Year immediately prior to the Adjustment Date in question, and the total of said amount shall be the Annual Base Rent (or if applicable, the Annual option Period Base Rent) for the Lease Year immediately following the Adjustment Date in question.
Annual Increases in Base Rent. Base Rent shall be increased annually on the first and each subsequent anniversary of the Commencement Date during the Term to equal the product of: (i) the Base Rent in effect for the immediately preceding twelve (12) month period multiplied by (ii) the “Base Rent Adjustment” amount set forth in the Lease Summary.
