Common use of Effective Dates of CPI Adjustments Clause in Contracts

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 CP1 for the one year period preceding March 1, 1998.

Appears in 1 contract

Samples: Lease Agreement (Corporate Property Associates 14 Inc)

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Effective Dates of CPI Adjustments. (a) Basic Rent shall not be adjusted on March 1, 1998 (the "First Basic Rent Adjustment Date") to reflect changes in the CPICPI until January 1, 2015 (the “First Adjustment Date”). On As of the First Basic Rent Adjustment Date $1,030,452 and on each anniversary of the First Adjustment Date thereafter during the Term, Basic Rent shall be adjusted to reflect increases in the Modified CPI Increase (as defined below) during the three most recent one (1) year period immediately preceding March 1, 1998 and $574,428 each of the foregoing dates (each such date being hereinafter referred to as the “Basic Rent shall be adjusted to reflect increases in the CP1 for the one year period preceding March 1, 1998Adjustment Date”).

Appears in 1 contract

Samples: Lease Agreement (Metaldyne Performance Group Inc.)

Effective Dates of CPI Adjustments. (a) Basic Rent shall not be adjusted on March 1, 1998 (the "First Basic Rent Adjustment Date") to reflect changes in the CPICPI until May 1, 2008 (the “First New Basic Rent Payment Date”). On As of the first (1st) anniversary of the First New Basic Rent Adjustment Payment Date $1,030,452 and thereafter on each subsequent anniversary of the First New Basic Rent Payment Date, Basic Rent shall be adjusted to reflect increases increases, if any, in the CPI during the three most recent one (1) year period immediately preceding March 1, 1998 and $574,428 of each anniversary date (each such date being hereinafter referred to as the “Basic Rent shall be adjusted to reflect increases in the CP1 for the one year period preceding March 1, 1998Adjustment Date”).

Appears in 1 contract

Samples: Lease and Agreement (Material Sciences Corp)

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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 CP1 CPI for the one year period preceding March 1, 1998.

Appears in 1 contract

Samples: Lease Agreement (Etec Systems Inc)

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