Effective Dates of CPI Adjustments. Basic Rent shall not be adjusted to reflect changes in the CPI until the fourth (4th) anniversary of the Basic Rent Payment Date on which the first full quarterly installment of Basic Rent shall be due and payable (the "First Full Basic Rent Payment Date"). As of the fourth (4th) anniversary of the First Full Basic Rent Payment Date and thereafter on the eighth (8th) and, if the initial Term is extended, on the twelfth (12th), sixteenth (16th) and twentieth (20th) anniversaries of the First Full Basic Rent Payment Date, Basic Rent shall be adjusted to reflect increases in the CPI during the most recent four (4) year period immediately preceding each of the foregoing dates (each such date being hereinafter referred to as the "Basic Rent Adjustment Date").
Effective Dates of CPI Adjustments. Basic Rent shall not be adjusted to reflect changes in the CPI until the third (3rd) anniversary of the Basic Rent Payment Date on which the first full quarterly installment of Basic Rent shall be due and payable (the "First Full Basic Rent Payment Date"). As of the third (3rd) anniversary of the First Full Basic Rent Payment Date and thereafter on the sixth (6th), ninth (9th), twelfth (12th), fifteenth (15th) eighteenth (18th) and, if the initial Term is extended, on the twenty-first (21st), twenty-fourth (24th), twenty-seventh (27th), thirtieth (30th), thirty-third (33rd), thirty-sixth (36th) and thirty-ninth (39th) anniversaries of the First Full Basic Rent Payment Date, Basic Rent shall be adjusted to reflect increases in the CPI during the most recent three (3) year period immediately preceding each of the foregoing dates (each such date being hereinafter referred to as the "Basic Rent Adjustment Date").
Effective Dates of CPI Adjustments. Basic Rent shall not be adjusted to reflect changes in the CPI until the first (1st ) anniversary of the Basic Rent Payment Date occurring on the date in which the first full monthly installment of Basic Rent shall be due and payable (the “First Full Basic Rent Payment Date”). As of the first (1st ) anniversary of the First Full Basic Rent Payment Date and thereafter, annually, on each and every anniversary of the First Full Basic Rent Payment Date during the Term (as the same may be extended), Basic Rent shall be adjusted to reflect increases in the CPI during the most recent one (1) year period immediately preceding each of the foregoing dates (each such date being hereinafter referred to as the “Basic Rent Adjustment Date”).
Effective Dates of CPI Adjustments. (a) Basic Rent shall be adjusted on March 1, 1998 (the "First Basic Rent Adjustment Date") to reflect changes in the CPI. On the First Basic Rent Adjustment Date $1,030,452 of Basic Rent shall be adjusted to reflect increases in the CPI during the three year period preceding March 1, 1998 and $574,428 of Basic Rent shall be adjusted to reflect increases in the CP1 for the one year period preceding March 1, 1998.
Effective Dates of CPI Adjustments. Basic Rent shall not be adjusted to reflect changes in the CPI until the second (2nd) anniversary of the Basic Rent Payment Date on which the first full monthly installment of Basic Rent shall be due and payable (the “First Full Basic Rent Payment Date”). As of the second (2nd) anniversary of the First Full Basic Rent Payment Date (the “First Rent Adjustment”) and every two years thereafter (each such adjustment a “Subsequent Rent Adjustment”), Basic Rent shall be adjusted to reflect increases in the CPI during the most recent two (2) year period immediately preceding the First Rent Adjustment and the most recent two (2) year period immediately preceding each Subsequent Rent Adjustment (the date of the First Rent Adjustment and the date of each Subsequent Rent Adjustment being hereinafter referred to as the “Basic Rent Adjustment Date”).
Effective Dates of CPI Adjustments. Basic Rent shall not be adjusted ---------------------------------- to reflect changes in the CPI until the third (3rd) anniversary of the Basic Rent Payment Date on which the first full quarterly installment of Basic Rent shall be due and payable (the "First Full Basic Rent Payment Date"). As of the ----------------------------------- third (3rd) anniversary of the First Full Basic Rent Payment Date and thereafter on the sixth (6th), ninth (9th), twelfth (12th), fifteenth (15th), eighteenth (18th) and, if the initial Term is extended, on the twenty-first (21st), twenty- forth (24th), and twenty-seventh (27th) anniversaries of the First Full Basic Rent Payment Date, Basic Rent shall be adjusted to reflect increases in the CPI during the most recent three (3) year period immediately preceding each of the foregoing dates (each such date being hereinafter referred to as the " Basic ----- Rent Adjustment Date"). ---------------------
Effective Dates of CPI Adjustments. (a) Basic Rent shall be adjusted on March 1, 1998 (the "First Basic Rent Adjustment Date") and on March 1, 2001 (the "Second Basic Rent Adjustment Date") to reflect changes in the CPI. On the First Basic Rent Adjustment Date $1,030,452 of Basic Rent shall be adjusted to reflect increases in the CPI during the three year period preceding March 1, 1998 and $574,428 of Basic Rent shall be adjusted to reflect increases in the CPI for the one year period preceding March 1, 1998. On the Second Basic Rent Adjustment Date that portion of the Basic Rent described in Paragraph 1(a) and Paragraph 1(b) shall be adjusted to reflect changes in the CPI during the three year period preceding March 1, 2001 and that portion of the Basic Rent described in Paragraph 1(c)(ii) shall be adjusted to reflect changes in the CPI for the period from June 1, 1999 to and including March 1, 2001.
Effective Dates of CPI Adjustments. (a) Auburn Basic Rent shall not be adjusted to reflect changes in the CPI until May 1, 2020. As of May 1, 2022, May 1, 2024, May 1, 2026, May 1, 2028, May 1, 2030, May 1, 2032, and May 1, 2034, Auburn Basic Rent shall be adjusted to reflect increases in the CPI during the most recent two (2) year period immediately preceding each of the foregoing dates (each such date being hereinafter referred to as the “Auburn Basic Rent Adjustment Date”).
Effective Dates of CPI Adjustments. Basic Rent shall not be adjusted to reflect changes in the CPI until the third (3rd) anniversary of the Basic Rent Payment Date on which the first full quarterly installment of Basic Rent shall be due and payable (the "FIRST FULL BASIC RENT PAYMENT DATE"). As of the third (3rd) anniversary of the First Full Basic Rent Payment Date and thereafter on the sixth (6th), ninth (9th), twelfth (12th), fifteenth (15th), eighteenth (18th) and, if the initial Term is extended, on the twenty-first (21st) anniversaries of the First Full Basic Rent Payment Date, Basic Rent shall be adjusted to reflect increases in the CPI during the most recent three (3) year period immediately preceding each of the foregoing dates (each such date being hereinafter referred to as the "BASIC RENT ADJUSTMENT DATE").
Effective Dates of CPI Adjustments. Basic Rent shall not be adjusted to reflect changes in the CPI until January 1, 2002 (the "First Full Basic Rent Payment Date"). As of January 1, 2002 and on each January 1st thereafter during the Term, Basic Rent shall be adjusted to reflect increases in the CPI during the most recent three (3) year period immediately preceding the third anniversary of the First Full Basic Rent Payment Date with respect to the first adjustment of Basic Rent and reflect increases in the CPI during the most recent one (1) year period immediately preceding each anniversary of the First Full Basic Rent Payment Date thereafter (each such date being hereinafter referred to as the "Basic Rent Adjustment Date").
