Common use of Effective Dates of CPI Adjustments Clause in Contracts

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”).

Appears in 1 contract

Samples: Lease Agreement (Greenville Tube CO)

AutoNDA by SimpleDocs

Effective Dates of CPI Adjustments. Basic Rent shall not be adjusted annually to reflect changes in the CPI, commencing on CPI until the first second (1st2nd) 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 second (1st2nd) anniversary of the First Full Basic Rent Payment Date and thereafter on the each subsequent second (2nd) anniversary of the First Full Basic Rent Payment Date thereafter during the Term and, if the initial Term is, Basic Rent Payment Date, Basic Rent shall be adjusted to reflect increases in the CPI during the most recent one two (12) 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 14 Inc)

Effective Dates of CPI Adjustments. Basic Rent shall be adjusted annually to reflect changes in the CPI, 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”).

Appears in 1 contract

Samples: Lease Agreement (P&f Industries Inc)

Effective Dates of CPI Adjustments. Basic Rent shall not be adjusted annually to reflect changes in the CPI, commencing on CPI until 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").

Appears in 1 contract

Samples: Lease Agreement (PSC Inc)

Effective Dates of CPI Adjustments. Basic Rent shall not be adjusted annually to reflect changes in the CPI, commencing on CPI until the first (1st) 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 first (1st) anniversary of the First Full Basic Rent Payment Date and thereafter on the each subsequent anniversary annuity of the First Full Basic Rent Payment DateDate occurring during the Term, including any extensions thereof, 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").

Appears in 1 contract

Samples: Lease Agreement (Corporate Property Associates 12 Inc)

AutoNDA by SimpleDocs

Effective Dates of CPI Adjustments. Basic Rent shall not be adjusted annually to reflect changes in the CPI, commencing on CPI until the first third (1st3rd) 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 third (1st3rd) anniversary of the First Full Basic Rent Payment Date and thereafter on the each subsequent anniversary sixth (6th), ninth (9th) and twelfth (12th) anniversaries of the First Full Basic Rent Payment Date, Basic Rent shall be adjusted to reflect increases in the CPI during the most recent one three (13) 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 (Applied Bioscience International Inc)

Effective Dates of CPI Adjustments. Basic Rent shall not be adjusted annually to reflect changes in the CPI, commencing on CPI until 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 DateDate and, if the initial Term is extended, on each 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 one (1) year period immediately preceding each of the foregoing dates (each such date being hereinafter referred to as the “Basic Rent Adjustment Date”), as provided in Paragraph 4 below.

Appears in 1 contract

Samples: Lease Agreement (Claires Stores Inc)

Effective Dates of CPI Adjustments. Basic Rent shall not be adjusted annually to reflect changes in the CPICPI until January 1, 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 2002 (the "First Full Basic Rent Payment Date"). As of January 1, 2002 and on each January 1st thereafter during the first Term, Basic Rent shall be adjusted to reflect increases in the CPI during the most recent three (1st3) year period immediately preceding the third anniversary of the First Full Basic Rent Payment Date and thereafter on with respect to the each subsequent anniversary first adjustment of the First Full Basic Rent Payment Date, Basic Rent shall be adjusted to and reflect increases in the CPI during the most recent one (1) year period immediately preceding each anniversary of the foregoing dates First Full Basic Rent Payment Date thereafter (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)

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