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 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”).

Appears in 2 contracts

Samples: Lease Agreement, Lease Agreement (Bon Ton Stores Inc)

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Effective Dates of CPI Adjustments. Basic Rent shall not be adjusted to reflect changes in the CPI until the first second (1st 2nd) anniversary of the Basic Rent Payment Date occurring on the date in which the first full monthly quarterly installment of Basic Rent shall be due and payable (the "First Full Basic Rent Payment Date"). As of the first second (1st 2nd) anniversary of the First Full Basic Rent Payment Date and thereafter, annually, on each and every second (2nd) anniversary of the First Full Basic Rent Payment Date thereafter during the Term (as and, if the same may be extended)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 not be adjusted to reflect changes in the CPI until the first third (1st 3rd) anniversary of the Basic Rent Payment Date occurring on the date in which the first full monthly quarterly installment of Basic Rent shall be due and payable (the "First Full Basic Rent Payment Date"). As of the first third (1st 3rd) anniversary of the First Full Basic Rent Payment Date and thereafterthereafter on the sixth (6th), annually, on each ninth (9th) and every anniversary twelfth (12th) anniversaries of the First Full Basic Rent Payment Date during the Term (as the same may be extended)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 to reflect changes in the CPI until the first (1st 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 1st) anniversary of the First Full Basic Rent Payment Date and thereafter, annually, thereafter on each and every anniversary annuity of the First Full Basic Rent Payment Date occurring during the Term (as the same may be extended)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)

Effective Dates of CPI Adjustments. Basic Rent shall not be adjusted to reflect changes in the CPI until the first (1st 1st) anniversary of the Basic Rent Payment Date occurring on the date in which the first full monthly quarterly installment of Basic Rent shall be due and payable (the "First Full Basic Rent Payment Date"). As of the first (1st 1st) anniversary of the First Full Basic Rent Payment Date and thereafter, annually, thereafter on each and every anniversary of the First Full Basic Rent Payment Date during the Term (as the same may be extended)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)

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Effective Dates of CPI Adjustments. Basic Rent shall not be adjusted to reflect changes in the CPI until the first (1st 1st) anniversary of the Basic Rent Payment Date occurring on the date in which the first full monthly quarterly installment of Basic Rent shall be due and payable (the “First Full Basic Rent Payment Date”). As of the first (1st 1st) anniversary of the First Full Basic Rent Payment Date and thereafter, annually, thereafter on each and every anniversary of the First Full Basic Rent Payment Date during and, if the initial Term (as is extended, on each anniversary of the same may be extended)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: Subordination Agreement (Claires Stores Inc)

Effective Dates of CPI Adjustments. Basic Rent shall not be adjusted annually to reflect changes in the CPI until commencing on the first (1st 1st) anniversary of the Basic Rent Payment Date occurring on the date in which the first full monthly quarterly installment of Basic Rent shall be due and payable (the “First Full Basic Rent Payment Date”). As of the first (1st 1st) anniversary of the First Full Basic Rent Payment Date and thereafter, annually, thereafter on each and every subsequent anniversary of the First Full Basic Rent Payment Date during the Term (as the same may be extended)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 until CPI, commencing on the first (1st 1st) anniversary of the Basic Rent Payment Date occurring on the date in which the first full monthly quarterly installment of Basic Rent shall be due and payable (the “First Full Basic Rent Payment Date”). As of the first (1st 1st) anniversary of the First Full Basic Rent Payment Date and thereafter, annually, thereafter on the each and every subsequent anniversary of the First Full Basic Rent Payment Date during the Term (as the same may be extended)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)

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