Common use of ESCALATION OF BASE RENT Clause in Contracts

ESCALATION OF BASE RENT. The monthly base rent shall be ---------------------------------- increased as of the first day of the calendar month following the first (1/st/) anniversary of the commencement date of this Lease and following every anniversary of the commencement date of this Lease thereafter, during the term and any renewal term of this Lease, by a percentage equal to the percentage increase in the Consumers' Price Index for All Urban Consumers for the Minneapolis/St. Xxxx Metropolitan Area, "All Items" [1982-84 = 100] published by the United States Bureau of Labor Statistics (the "CPIU") between the CPIU last published as of the commencement date of this Lease or the second previous anniversary of the commencement date of this Lease, as the case may be, and the CPIU last published as of the immediately preceding anniversary of the commencement date of this Lease. Such adjusted monthly rent shall be rounded to the nearest One Dollar ($1.00). Should the CPIU be discontinued, or discontinued for the Minneapolis/St. Xxxx Metropolitan Area, a similar figure representative of an overall price average for the Minneapolis/St. Xxxx Metropolitan Area shall be used or the Consumers' Price Index for All Urban Consumers "All Items" for the United States shall be used.

Appears in 1 contract

Samples: Building Lease (Keystone Automotive Industries Inc)

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ESCALATION OF BASE RENT. The monthly base rent shall be ---------------------------------- increased ----------------------------------- as of the first day of the calendar month following the first (1/st/1st) anniversary of the commencement date of this Lease and following every anniversary of the commencement date of this Lease thereafter, during the term and any renewal term of this Lease, by a percentage equal to the percentage increase in the Consumers' Price Index for All Urban Consumers for the Minneapolis/St. Xxxx Metropolitan Area, "All Items" [1982-84 = 100] published by the United States Bureau of Labor Statistics (the "CPIU") between the CPIU last published as of the commencement date of this Lease or the second previous anniversary of the commencement date of this Lease, as the case may be, and the CPIU last published as of the immediately preceding anniversary of the commencement date of this Lease. Such adjusted monthly rent shall be rounded to the nearest One Dollar ($1.00). Should the CPIU be discontinued, or discontinued for the Minneapolis/St. Xxxx Metropolitan Area, a similar figure representative of an overall price average for the Minneapolis/St. Xxxx Metropolitan Area shall be used or the Consumers' Price Index for All Urban Consumers "All Items" for the United States shall be used.

Appears in 1 contract

Samples: Building Lease (Keystone Automotive Industries Inc)

ESCALATION OF BASE RENT. The monthly base rent shall be ---------------------------------- ----------------------------------- increased as of the first day of the calendar month following the first (1/st/1st) anniversary of the commencement date of this Lease and following every anniversary of the commencement date of this Lease thereafter, during the term and any renewal term of this Lease, by a percentage equal to the percentage increase in the Consumers' Price Index for All Urban Consumers for the Minneapolis/St. Xxxx Metropolitan Area, "All Items" [1982-84 = 100] published by the United States Bureau of Labor Statistics (the "CPIU") between the CPIU last published as of the commencement date of this Lease or the second previous anniversary of the commencement date of this Lease, as the case may be, and the CPIU last published as of the immediately preceding anniversary of the commencement date of this Lease. Such adjusted monthly rent shall be rounded to the nearest One Dollar ($1.00). Should the CPIU be discontinued, or discontinued for the Minneapolis/St. Xxxx Metropolitan Area, a similar figure representative of an overall price average for the Minneapolis/St. Xxxx Metropolitan Area shall be used or the Consumers' Price Index for All Urban Consumers "All Items" for the United States shall be used.

Appears in 1 contract

Samples: Building Lease (Keystone Automotive Industries Inc)

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ESCALATION OF BASE RENT. The monthly base rent shall be ---------------------------------- increased as of the first day of the calendar month following the first (1/st/1st) anniversary of the commencement date of this Lease and following every anniversary of the commencement date of this Lease thereafter, during the term and any renewal term of this Lease, by a percentage equal to the percentage increase in the Consumers' Price Index for All Urban Consumers for the Minneapolis/St. Xxxx Metropolitan Area, "All Items" [1982-84 = 100] published by the United States Bureau of Labor Statistics (the "CPIU") between the CPIU last published as of the commencement date of this Lease or the second previous anniversary of the commencement date of this Lease, as the case may be, and the CPIU last published as of the immediately preceding anniversary of the commencement date of this Lease. Such adjusted monthly rent shall be rounded to the nearest One Dollar ($1.00). Should the CPIU be discontinued, or discontinued for the Minneapolis/St. Xxxx Metropolitan Area, a similar figure representative of an overall price average for the Minneapolis/St. Xxxx Metropolitan Area shall be used or the Consumers' Price Index for All Urban Consumers "All Items" for the United States shall be used.

Appears in 1 contract

Samples: Building Lease (Keystone Automotive Industries Inc)

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