Common use of Effective Dates of CPI Adjustments Clause in Contracts

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").

Appears in 2 contracts

Samples: Lease Agreement (Corporate Property Associates 12 Inc), Lease Agreement (Corporate Property Associates 12 Inc)

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Effective Dates of CPI Adjustments. Basic Rent shall not be adjusted to reflect changes in the CPI until the fourth fifth (4th5th) 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 fifth (4th5th) anniversary of the First Full Basic Rent Payment Date and thereafter on the eighth tenth (8th10th), fifteenth (15th) and, and if the initial Term is extended, on the twelfth twentieth (12th20st), sixteenth twenty-fifth (16th25th), thirtieth (30th) and twentieth thirty-fifth (20th35th) 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 five (45) year period immediately preceding each of the foregoing dates (each such date being hereinafter referred to as the "Basic Rent Adjustment Date").

Appears in 2 contracts

Samples: Lease Agreement (Corporate Property Associates 16 Global Inc), Lease Agreement (Corporate Property Associates 15 Inc)

Effective Dates of CPI Adjustments. Basic Rent shall not be adjusted to reflect changes in the CPI until the fourth fifth (4th5th) 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 fifth (4th5th) anniversary of the First Full Basic Rent Payment Date and thereafter on the eighth (8th) and, if the initial Term is extendedextended on the tenth (10th), fifteenth (15th), twentieth (20st), twenty-fifth (25th), and, if the Term is further extended as a result of a Lease Assumption Event, on the twelfth thirtieth (12th), sixteenth (16th30th) and twentieth thirty-fifth (20th35th) 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 five (45) year period immediately preceding each of the foregoing dates (each such date being hereinafter referred to as the "Basic Rent Adjustment Date").

Appears in 2 contracts

Samples: Lease Agreement (Corporate Property Associates 16 Global Inc), Lease Agreement (Corporate Property Associates 15 Inc)

Effective Dates of CPI Adjustments. Basic Rent shall not be adjusted to reflect changes in the CPI until the fourth fifth (4th5th) 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 fifth (4th5th) anniversary of the First Full Basic Rent Payment Date and thereafter on each of the eighth tenth (8th) and, if the initial Term is extended, on the twelfth (12th), sixteenth (16th10th) and twentieth fifteenth (20th15th) anniversaries of the First Full Basic Rent Payment Date and, in the event and to the extent the Term is extended pursuant to Paragraph 5(b) of the Lease, on the Expiration Date and on each Renewal Date, Basic Rent shall be adjusted to reflect increases in the CPI during the most recent four five (45) year period immediately preceding each of the foregoing dates (each such date being hereinafter referred to as the "Basic Rent Adjustment Date").

Appears in 1 contract

Samples: Lease Agreement (Corporate Property Associates 12 Inc)

Effective Dates of CPI Adjustments. Basic Rent shall not be adjusted to reflect changes in the CPI until the fourth third (4th3rd) 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 third (4th3rd) anniversary of the First Full Basic Rent Payment Date and thereafter on the eighth sixth (8th6th), ninth (9th) and twelfth (12th) and, if the initial Initial Term is extended, on the twelfth fifteenth (12th15th), sixteenth eighteenth (16th) 18th), twenty-first (21st), and twentieth twenty-fourth (20th24th) 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 three (43) year period immediately preceding each of the foregoing dates (each such date being hereinafter referred to as the "Basic Rent Adjustment Date"). 55 5.

Appears in 1 contract

Samples: 1 Lease Agreement (Corporate Property Associates 14 Inc)

Effective Dates of CPI Adjustments. Basic Rent shall not be adjusted to reflect changes in the CPI until the fourth third (4th3rd) 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) third anniversary of the First Full Basic Rent Payment Date and thereafter on the eighth (8th) sixth, ninth, twelfth, fifteenth, eighteenth and, if the initial Term is extended, on the twelfth (12th)twenty first, sixteenth (16th) twenty forth, twenty-seventh, thirtieth, thirty-third, thirty sixth and twentieth (20th) thirty-ninth anniversaries of the First first Full Basic Rent Payment Date, Basic Rent shall be adjusted to reflect increases in the CPI during the most recent four three (43) year period immediately preceding each of the foregoing dates (each such date being hereinafter referred to as the "Basic Rent Adjustment Date").

Appears in 1 contract

Samples: Lease Agreement (Corporate Property Associates 16 Global Inc)

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Effective Dates of CPI Adjustments. Basic Equity Rent shall not be adjusted to reflect changes in the CPI until the fourth fifth (4th5th) anniversary of the Basic Rent Payment Date on which the first full quarterly monthly installment of Basic Rent shall be due and payable (the "First Full Basic Rent Payment Date"). As of the fourth fifth (4th5th) anniversary of the First Full Basic Rent Payment Date and thereafter on the eighth tenth (8th10th), fifteenth (15th), twentieth (20th) and twenty-fifth (25th) anniversaries and, if the initial Term is extended, on the twelfth thirtieth (12th30th), sixteenth thirty-fifth (16th35th), fortieth (40th) and twentieth forty-fifth (20th45th) anniversaries of the First Full Basic Rent Payment Date, Basic Equity Rent shall be adjusted to reflect increases in the CPI during the most recent four five (45) year period immediately preceding each of the foregoing dates (each such date being hereinafter referred to as the "Basic Rent Adjustment Adiustment Date").

Appears in 1 contract

Samples: Lease Agreement (High Voltage Engineering Corp)

Effective Dates of CPI Adjustments. Basic Rent shall not be adjusted to reflect changes in the CPI until the fourth fifth (4th5th) 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 fifth (4th5th) anniversary of the First Full Basic Rent Payment Date and thereafter on the eighth tenth (8th10th) and, if the initial Initial Term is extended, on the twelfth fifteenth (12th15th), sixteenth (16th) and twentieth (20th), and twenty-fifth (25th) 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 five (45) year period immediately preceding each of the foregoing dates (each such date being hereinafter referred to as the "Basic Rent Adjustment Date").

Appears in 1 contract

Samples: Lease Agreement (Corporate Property Associates 15 Inc)

Effective Dates of CPI Adjustments. Basic Equity Rent shall not be adjusted to reflect changes in the CPI until the fourth fifth (4th5th) anniversary of the Basic Rent Payment Date on which the first full quarterly monthly installment of Basic Rent shall be due and payable (the "First Full Basic Rent Payment Date"). As of the fourth fifth (4th5th) anniversary of the First Full Basic Rent Payment Date and thereafter on the eighth tenth (8th10th), fifteenth (15th), twentieth (20th) and twenty-fifth (25th) anniversaries and, if the initial Term is extended, on the twelfth thirtieth (12th30th), sixteenth thirty-fifth (16th35th), fortieth (40th) and twentieth forty-fifth (20th45th) anniversaries of the First Full Basic Rent Payment Date, Basic Equity Rent shall be adjusted to reflect increases in the CPI during the most recent four five (45) year period immediately preceding each of the foregoing dates (each such date being hereinafter referred to as the "Basic Rent Adjustment Date").

Appears in 1 contract

Samples: Lease Agreement (High Voltage Engineering Corp)

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