Common use of COST OF LIVING ADJUSTMENTS TO BASE RENT Clause in Contracts

COST OF LIVING ADJUSTMENTS TO BASE RENT. The Base Rent payable pursuant to Paragraph 4.1 shall be subject to further adjustment as of October 1, 1996, and as of the same date each year thereafter during the initial lease term and any extension period. Said date is hereinafter referred to as the "Adjustment Date." The adjustment shall be made as follows: The Base Rent for the Premises shall be adjusted by the same percentage as the increase, if any, in the Consumer Price Index (All Items for All Urban Consumers 1982-84=100 Base), of the United States Department of Labor, Bureau of Labor Statistics for Los Angeles-Anaheim-Riverside, CA (the "Index"). The adjustment shall be calculated according to the following formula: X = A x B - C X = Adjusted rent A = Base Rent as of the first month of the term then in effect. B = The monthly index for the third month immediately preceding the Adjustment Date.

Appears in 2 contracts

Samples: Lease Addendum (Qad Inc), Lease Addendum (Qad Inc)

AutoNDA by SimpleDocs

COST OF LIVING ADJUSTMENTS TO BASE RENT. The Base Rent payable pursuant to Paragraph 4.1 shall be subject to further adjustment as of October 1, 1996lease anniversary date, and as of the same date each year thereafter during the initial lease term and any extension period. Said date is hereinafter referred to as the "Adjustment Date." The adjustment shall be made as follows: The Base Rent for the Premises shall be adjusted by the same percentage as the increasechange, if any, in the Consumer Price Index (All Items for All Urban Consumers 1982-84=100 Base), of the United States Department of Labor, Bureau of Labor Statistics for Los Angeles-Anaheim-Riverside, CA (the "Index"). The adjustment shall be calculated according to the following formula: X = A x B - C X = Adjusted rent A = Base Rent as of the first month of the term then in effect. B = The monthly index for the third month immediately preceding the Adjustment Date.

Appears in 2 contracts

Samples: Lease Addendum (Qad Inc), Lease Addendum (Qad Inc)

COST OF LIVING ADJUSTMENTS TO BASE RENT. The Base Rent payable pursuant to Paragraph 4.1 shall be subject to further adjustment as of October December 1, 19961994, and as of the same date each year thereafter during the initial lease term and any extension period. Said date is hereinafter referred to as the "Adjustment Date." The adjustment shall be made as follows: The Base Rent for the Premises shall be adjusted by the same percentage as the increasechange, if any, in the Consumer Price Index (All Items for All Urban Consumers 1982-84=100 Base), of the United States Department of Labor, Bureau of Labor Statistics for Los Angeles-Anaheim-Riverside, CA (the "Index"). The adjustment shall be calculated according to the following formula: X = A x B - C X = Adjusted rent A = Base Rent as of the first month of the term then in effect. B = The monthly index for the third month immediately preceding the Adjustment Date.

Appears in 1 contract

Samples: Lease Addendum (Qad Inc)

COST OF LIVING ADJUSTMENTS TO BASE RENT. The Base Rent payable pursuant to Paragraph 4.1 shall be subject to further adjustment as of October March 1, 19961999, and as of the same date each year thereafter during the initial lease term and any extension period. Said date is hereinafter referred to as the "Adjustment Date." The adjustment shall be made as follows: The Base Rent for the Premises shall be adjusted by the same percentage as the increase, if any, in the Consumer Price Index (All Items for All Urban Consumers 1982-84=100 Base), of the United States Department of Labor, Bureau of Labor Statistics for Los Angeles-Anaheim-Riverside, CA (the "Index"). The adjustment shall be calculated according to the following formula: X = A x B - X B/C X = Adjusted rent A = Base Rent as of the first month of the term then in effect. B = The monthly index for the third month immediately preceding the Adjustment Date.

Appears in 1 contract

Samples: Sublease Agreement (Inamed Corp)

AutoNDA by SimpleDocs

COST OF LIVING ADJUSTMENTS TO BASE RENT. The Base Rent payable pursuant to Paragraph 4.1 shall be subject to further adjustment as of October January 1, 19961998, and as of the same date each year thereafter during the initial lease term and any extension period. Said date is hereinafter referred to as the "Adjustment Date." The adjustment shall be made as follows: The Base Rent for the Premises shall be adjusted by the same percentage as the increase, if any, in the Consumer Price Index (All Items for All Urban Consumers 1982-84=100 Base), of the United States Department of Labor, Bureau of Labor Statistics for Los Angeles-Anaheim-Riverside, CA (the "Index"). The adjustment shall be calculated according to the following formula: X = A x B - C X = Adjusted rent A = Base Rent as of the first month of the term then in effect. B = The monthly index for the third month immediately preceding the Adjustment Date.

Appears in 1 contract

Samples: Lease Addendum (Qad Inc)

COST OF LIVING ADJUSTMENTS TO BASE RENT. The Base Rent payable pursuant to Paragraph 4.1 shall be subject to further adjustment as of October November 1, 1996, and as of the same date each year thereafter during the initial lease term and any extension period. Said date is hereinafter referred to as the "Adjustment Date." The adjustment shall be made as follows: The Base Rent for the Premises shall be adjusted by the same percentage as the increase, if any, in the Consumer Price Index (All Items for All Urban Consumers 1982-84=100 Base), of the United States Department of Labor, Bureau of Labor Statistics for Los Angeles-Anaheim-Riverside, CA (the "Index"). The adjustment shall be calculated according to the following formula: X = A x B - C X = Adjusted rent A = Base Rent as of the first month of the term then in effect. B = The monthly index for the third month immediately preceding the Adjustment Date.

Appears in 1 contract

Samples: Lease Addendum (Qad Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!