Base Rent Increases. The monthly Base Rent shall be increased during the initial Term at the commencement of the 31st, 61st, 91st, 121st and 151st full calendar months following the Commencement Date (and, if Tenant exercises an option to extend, at the commencement of the 31st full calendar month following the commencement of the applicable Option Term) (each such date is hereinafter called a “Rental Adjustment Date”) in accordance with the increase in the United States Department of Labor, Bureau of Labor Statistics, Consumer Price Index for All Urban Consumers (all items for the Los Angeles – Riverside – Anaheim area, 1982-1984 = 100) (the “Index”) as follows: The monthly Base Rent in effect immediately before each Rental Adjustment Date (the “Comparison Base Rent”) shall be increased by the percentage that the Index has increased from the date on which payment of the Comparison Base Rent began (the “Comparison Date”) through the end of the month in which the applicable Rental Adjustment Date occurs (each such period a “Rental Adjustment Period”); provided, however, that such increase for any Rental Adjustment Period shall be no less than 2.5% per annum, but no more than 4% per annum (except that such 4% annual cap shall be increased to a 5% annual cap at the end of the 10th full Lease year, that is, for the adjustments commencing with the adjustment at the start of the 151st month of the Term) on a compounded, cumulative basis. A numerical example of such Base Rent increase mechanism is provided in Exhibit “B” attached hereto. Landlord shall notify Tenant of each increase by a written statement. Tenant shall pay the new Base Rent from the applicable Rental Adjustment Date until the next Rental Adjustment Date. Landlord’s notice may be given not more than three (3) months after the applicable Rental Adjustment Date of the increase, and Tenant shall pay Landlord the accrued rental adjustment for the months elapsed between the effective date of the increase and Landlord’s notice of such increase within ten (10) days after Landlord’s notice. If the format or components of the Index are materially changed after the Commencement Date, Landlord shall substitute an index which is published by the Bureau of Labor Statistics or similar agency and which is most nearly equivalent to the Index in effect on the Commencement Date. The substitute index shall be used to calculate the increase in the Base Rent unless Tenant objects to such index in writing within fifteen (15) days after rec...
Base Rent Increases. Intentionally Omitted.
Base Rent Increases. The annual Base Rent paid by Leasee shall be increased on each one (1) year anniversary of the commencement date of this Lease by 3% of the Lessee’s gross revenue for the preceding year as determined by sales tax generated from the facility or the percentage equal to the percentage that the Consumer Price Index (CPI) (as defined below) increased during the immediately preceding twelve
Base Rent Increases. The Base Rent provided for in Paragraph 4.1 above shall be subject to adjustment on September 1, 2001 (the "First Adjustment Date"), and annually thereafter on every subsequent September 1st occurring during the Lease Term (each of which dates is an "Adjustment Date") as follows:
Base Rent Increases. During the initial Lease Term (and any Option Term), subject to Article 21 below, commencing on the one (1) year anniversary of the Lease Commencement Date, and on each annual anniversary thereafter during the Lease Term (the “Adjustment Dates”), the Base Rent set forth in Section 13 of the Summary of Basic Lease Information above (as may be adjusted pursuant to the provisions of this Lease, including, without limitation, under Section 1.3 above) shall be adjusted as follows: the adjusted Base Rent as of each Adjustment Date shall be the monthly Base Rent effective on the day immediately preceding that Adjustment Date, multiplied by one hundred three percent (103%) (i.e., multiplied by 1.03, for a 3% annual cumulative and compounded increase in Base Rent).
Base Rent Increases. (a) The Base Rent shall be increased on February 1, 2002 and February 1, 2007 ("Rent Adjustment Dates"). The Base Rent shall be increased on each Rent Adjustment Date during the Initial Lease Term (or any extension thereof, if applicable) in accordance with the increase in the United States Department of Labor, Bureau of Labor Statistics, Consumer Price Index for All Urban Consumers for the United States (base year 1982-84 = 100) (the "Index") as follows. The Base Rent (for purposes of this Section 3.03(a), the "Comparison Base Rent") in effect immediately before each Rent Adjustment Date shall be increased by the percentage that the Index has increased from the date (for purposes of this Section 3.03(a), the "Comparison Date") on which payment of the Comparison Base Rent began through the month in which the applicable Rent Adjustment Date occurs; provided, however, in no event shall the monthly Base Rent during the First Extended Term be less than one hundred and twenty one percent (121%) nor greater than one hundred and thirty five percent (135%) of the monthly Base Rent during the Initial Lease Term, and in no event shall the monthly Base Rent during the Second Extended Term be less than one hundred and fifteen percent (115%) nor greater than one hundred and twenty five percent (125%) of the monthly Base Rent during the First Extended Term.
Base Rent Increases. During the initial Lease Term (and any Option Term), commencing on the one (1) year anniversary of the Lease Commencement Date, and on each annual anniversary thereafter during the Lease Term (the “Adjustment Dates”), the Base Rent set forth in Section 13 of the Summary of Basic Lease Information above shall be adjusted as follows: the adjusted Base Rent as of each Adjustment Date shall be the monthly Base Rent effective on the day immediately preceding that Adjustment Date, multiplied by one hundred three percent (103%) (i.e., multiplied by 1.03, for a 3% annual cumulative and compounded increase in Base Rent).
Base Rent Increases. The Base Rent shall be increased by three percent (3%) commencing on the first day of each Adjustment Month.
Base Rent Increases. The annual Base Rent shall be adjusted on the first anniversary date of the Commencement Date (as adjusted pursuant to Section 2.3), and on each successive anniversary date thereof during the term of this Lease, including the renewal terms, if any (except for the first year of the renewal term, if any, in which case the Base Rent shall be adjusted in accordance with Section 2.4 hereof), to an amount equal to one hundred three percent (103%) of the annual Base Rent in effect during the immediately preceding year.
Base Rent Increases. The amount of the current monthly base rent of $30,000 shall remain fixed through January 31, 2007. Effective as of the following "Adjustment Dates," February 1, 2007, and February 1 of each year thereafter during the Term and during any renewal Term, the base rent shall be increased as follows. The base rent for the next twelve (12) months of the Term or renewal Term, as the case may be, shall be determined by multiplying the base rent for the lease year ending on January 31 immediately prior to the Adjustment Date, by a fraction, the numerator of which shall be the Consumer Price Index, All Urban Consumers, West Region, as published by the U.S. Department of Labor, Bureau of Labor Statistics ("CPI Index"), for the month of November immediately prior to the Adjustment Date, and the denominator of which will be the CPI Index for the month of November which is one (1) year prior to the Adjustment Date. Notwithstanding the foregoing, the base rent on each Adjustment Date shall increase at a rate no greater than a maximum of five percent (5%) per year.
