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 first (4th1st ) anniversary of the Basic Rent Payment Date occurring on the date in 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 first (4th1st ) anniversary of the First Full Basic Rent Payment Date and thereafter on the eighth (8th) andthereafter, if the initial Term is extendedannually, on the twelfth (12th), sixteenth (16th) each and twentieth (20th) anniversaries every anniversary of the First Full Basic Rent Payment DateDate during the Term (as the same may be extended), Basic Rent shall be adjusted to reflect increases in the CPI during the most recent four one (41) 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)

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 (8th) and, if the initial Term is extended, on the twelfth (12th), sixteenth (16th) and twentieth (20th) anniversaries each anniversary of the First Full Basic Rent Payment Date thereafter for the balance of the Term (including any exercised Renewal Term) (each such date a "Basic Rent Adjustment Date"), Basic Rent shall be adjusted to reflect increases in the CPI (but limited as provided in Paragraph 4 below) during the most recent four one (41) 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 (Rockwood Specialties Group 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 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) and, if the initial Term is extended, on the twelfth fifteenth (12th15th), sixteenth (16th) and twentieth (20th), twenty-fifth (25th) and thirtieth (30th) 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 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) 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)

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