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 be adjusted annually to reflect changes in the CPI, commencing on the first (1st) 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 first (1st) anniversary of the First Full Basic Rent Payment Date and thereafter on the each subsequent anniversary of the First Full Basic Rent Payment Date, 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. 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 fifth (5th) 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 fifth (5th) anniversary of the First Full Basic Rent Payment Date and thereafter on the tenth (10th), fifteenth (15th) and if the initial Term is extended, on the twentieth (20st), twenty-fifth (25th), thirtieth (30th) and thirty-fifth (35th) anniversaries of the First Full Basic Rent Payment Date, Basic Rent shall be adjusted to reflect increases in the CPI during the most recent five (5) 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 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 fifth (5th) anniversary (the "FIRST ADJUSTMENT DATE") 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 fifth (5th) anniversary of the First Full Basic Rent Payment Date and thereafter on the seventh (7th), ninth (9th), eleventh (11th), thirteenth (13th), fifteenth (15th), seventeenth (17th), nineteenth (19th) and, if the initial Term is extended, on the twenty-first (21st), twenty-third (23rd), twenty-fifth (25th), twenty-seventh (27th) and twenty-ninth (29th) anniversaries of the First Full Basic Rent Payment Date, Basic Rent shall be adjusted to reflect increases in the CPI during the most recent five (5) year period immediately preceding the First Adjustment Date and during the most recent two (2) year period immediately preceding each of the foregoing dates after the First Adjustment Date (the First Adjustment Date and each other 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 anniversary of the First Full Basic Rent Payment Date and thereafter on the sixth, ninth, twelfth, fifteenth, eighteenth and, if the initial Term is extended, on the twenty first, twenty forth, twenty-seventh, thirtieth, thirty-third, thirty sixth and thirty-ninth 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.
(b) After the Second Basic Rent Adjustment Date all Basic Rent shall be adjusted on March 1, 2004, March 1, 2007, March 1, 2010 and March 1, 2013 to reflect increases in the CPI during the most recent three (3) year period immediately preceding each of the foregoing dates in this subparagraph 3(b) (the First Basic Rent Adjustment Date, the Second Basic Rent Adjustment Date and each date referred to in this Subparagraph 3(b) 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 CPI for the one year period preceding March 1, 1998.
(b) Basic Rent shall also be adjusted on March 1, 2001, March 1, 2004, March 1, 2007 and March 1, 2010 to reflect increases in the CPI during the most recent three (3) year period immediately preceding each of the foregoing dates in this subparagraph 3(b) (the First Basic Rent Adjustment Date and each date referred to in this Subparagraph 3(b) 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 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 and thereafter on the fourth (4th), sixth (6th), eighth (8th), tenth (10th), twelfth (12th), fourteenth (14th), sixteenth (16th), eighteenth (18th) and, if the Initial Term is extended, on each second (2nd) anniversary of the First Full Basic Rent Payment Date thereafter, 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 "BASIC RENT ADJUSTMENT DATE").
