BASIC RENT ADJUSTMENT. Omitted.
BASIC RENT ADJUSTMENT. The Basic Rent shall remained fixed for the initial term of the lease.
BASIC RENT ADJUSTMENT. Basic Rent shall be adjusted in accordance with the schedule set forth in Section 1.4 of the Lease and Exhibit D.
BASIC RENT ADJUSTMENT. A. Consumer Price Index. Deleted.
BASIC RENT ADJUSTMENT. It is understood and agreed that upon the exercise of the Option (see Paragraph 2 of this Lease) the Basic Rent and Additional Rent for the Premises as of the relevant Option period commencement date, the Basic Rent provided for in Paragraph 4 A of the Lease shall be analyzed to establish current fair market rate and new Basic Rent. The new Basic Rent will be at 100% of the fair market value. If it becomes necessary to determine fair market value for the Premises by appraisal, real estate appraiser(s) all of who shall be members of the American Institute of Real Estate Appraisers, and who have at least 5 years experience appraising “R&D - Flexible type” space in the vicinity of the Premises shall be appointed and shall act in accordance with the following procedure:
BASIC RENT ADJUSTMENT. Commencing with the second Lease Year and continuing each Lease Year thereafter for the remainder of the Term, the Basic Rent shall be increased by an amount equal to the product of the Basic Rent Adjustment multiplied by the Basic Rent paid by Tenant during the Lease Year preceding each annual increase. The Basic Rent Adjustment shall apply during the original Term and any extended or renewal term of this Lease unless otherwise expressly provided in any Attachment, or amendment to this Lease.
BASIC RENT ADJUSTMENT. If the Initial Term of this Lease does not commence on the first day of a calendar month or end on the last day of a calendar month, the installment of Basic Rent for the partial calendar month at the commencement or the termination of the term shall be prorated on the basis of the number of days within such calendar month.
BASIC RENT ADJUSTMENT. It is hereby agreed that commencing June 1, 1998 and on each successive one (1) year period thereafter, the monthly Basic Rent (as provided for in Paragraphs 4A and 43) for each succeeding one (1) year period of the Lease Term shall be increased over the monthly Basic Rent in effect at the expiration of the one (1) year period of the Lease Term immediately preceding by an amount equivalent to the percentage increase in the Consumer Price Index from the commencement of the one (1) year period of the Lease Term immediately preceding to the expiration of the one (1) year period of the Lease Term immediately preceding: i.e. from 06/97 to 06/98, from 06/98 to 06/99, from 06/99 to 06/00, and from 06/00 to 06/01, provided, however, that in no event shall the monthly Basic Rent for any one (1) year period of the Lease Term, after adjustment, be less than the monthly Basic Rent in effect at the expiration of the one (1) year period of the Lease Term immediately preceding. Notwithstanding the above, the cumulative CPI increase during the initial Lease Term shall not exceed 32% or 8% per year. For example, in the event the CPI adjustment for year two is 7% and 9% in year three, the increase for year two would be adjusted retroactively to 8% and the increase for year three would be reduced to 8%. The monthly Basic Rent shall be subject to a CPI adjustment on the following dates: June 1, 1998; June 1, 1999; June 1, 2000; and June 1, 2001. The Basic Rent shall be adjusted in accordance with the following formula based on the Consumer Price Index ("CPI") for all urban Consumers, subgroup "All Items", San Francisco-Oakland, California Metropolitan Area (1982-84=100) published by the Bureau of Labor Statistics, U.S. Department of Labor (the "Index") published nearest June 1, 1997 (the "Beginning Index") and the Index which is published nearest but prior to each and every anniversary of the June 1, 1997 date (the "Adjustment Index"). The initial "CPI" adjusted Basic Rent shall be calculated by multiplying the monthly Basic Rent of $147,571.20 provided for in Paragraphs 4A and 43 of the Lease by the percent increase in the Consumer Price Index. The Basic Rent for each succeeding one-year period will be determined by using the same formula applied to the prior year's adjusted monthly Basic Rent. Landlord will notify Tenant in writing of the CPI increase and the adjusted Basic Rent, if any, and Tenant will make payment on the adjusted amount. If the Index is changed so that th...
BASIC RENT ADJUSTMENT. On the first day of each calendar month described in Paragraph 1.0 hereof (hereinafter referred to as an "Adjustment Date"), the Basic Rent provided for in Paragraph 4.A above shall be adjusted in accordance with the following formula based on the Consumer Price Index ("CPI") for all Urban Consumers "All Items", San Francisco-Oakland San Xxxx (1982-84 = 100, standard reference base) published by the Bureau of Labor Statistics, U.S Department of Labor (the "Index") published nearest but prior to the first day of the Lease term or the last previous Adjustment Date, as applicable (the "Beginning Index") and the Index which is published nearest but prior to the current Adjustment Date, (the "Adjustment Index"). On each Adjustment Date, the Basic Rent shall be increased by an amount equal to the product obtained by multiplying the then current Basic Rent by a fraction, the numerator of which is the Adjustment Index and the denominator of which is the Beginning index. On such adjustment, the parties shall execute an amendment to the Lease stating the new (adjusted)
BASIC RENT ADJUSTMENT. N/A. (Paragraph 4.B) K. SECURITY DEPOSIT: $8,423.82 (an amount equal to last month’s Basic Rent, plus one (1) month’s Estimated Operating Expenses) (Paragraph 4.G)
