Method of Adjustment for CPI Adjustment. (a) As of each Expansion Basic Rent Adjustment Date when the average CPI determined in clause (i) below exceeds the Beginning CPI (as defined in this Paragraph 6(a)), the Expansion Basic Rent in effect immediately prior to the applicable Expansion Basic Rent Adjustment Date shall be multiplied by a fraction, the numerator of which shall be the difference between (i) the average CPI for the three (3) most recent calendar months (the “Prior Months”) ending prior to such Expansion Basic Rent Adjustment Date for which the CPI has been published on or before the forty-fifth (45th) day preceding such Expansion Basic Rent Adjustment Date and (ii) the Beginning CPI, and the denominator of which shall be the Beginning CPI. An amount equal to the lesser of (x) the product of such multiplication, or (y) 12% of the Expansion Basic Rent in effect immediately prior to such Expansion Basic Rent Adjustment Date, shall be added to the Expansion Basic Rent in effect immediately prior to such Basic Rent Adjustment Date. As used herein, “Beginning CPI” shall mean the average CPI for the three (3) calendar months corresponding to the Prior Months, but occurring five (5) years earlier. If the average CPI determined in clause (i) is the same or less than the Beginning CPI, the Expansion Basic Rent will be 100% of the Expansion Basic Rent in effect immediately prior to such Expansion Basic Rent Adjustment Date.
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Method of Adjustment for CPI Adjustment. (a) As of each Expansion Basic Rent Adjustment Date when the average CPI determined in clause (i) below exceeds the Beginning CPI (as defined in this Paragraph 6(a4(a)), the Expansion Basic Rent in effect immediately prior to the applicable Expansion Basic Rent Adjustment Date shall be multiplied by a fraction, the numerator of which shall be the difference between (i) the average CPI for the three (3) most recent calendar months (the “"Prior Months”") ending prior to such Expansion Basic Rent Adjustment Date for which the CPI has been published on or before the forty-fifth (45th) day preceding such Expansion Basic Rent Adjustment Date and (ii) the Beginning CPI, and the denominator of which shall be the Beginning CPI. An amount equal to the lesser of (xA) the product of such multiplication, multiplication or (yB) 12% $145,960 with respect to the first Basic Rent Adjustment Date and the product of the Expansion Basic Rent in effect immediately prior to such Expansion Basic Rent Adjustment Date multiplied by 12% with respect to each succeeding Basic Rent Adjustment Date, shall be added to the Expansion Basic Rent in effect immediately prior to such Basic Rent Adjustment Date. As used herein, “"Beginning CPI” " shall mean the average CPI for the three (3) calendar months corresponding to the Prior Months, but occurring five three (53) years earlier with respect to each adjustment of Basic Rent, except that with respect to the $574,428 of Basic Rent to be adjusted on the First Basic Rent Adjustment Date, "Beginning CPI" shall mean the average CPI for the three (3) calendar months corresponding to the Prior Months but occurring one (1) year earlier. If the average CPI determined in clause (i) is the same or less than the Beginning CPI, the Expansion Basic Rent will be 100% of remain the Expansion Basic Rent in effect immediately prior to such Expansion Basic Rent Adjustment Datesame for the ensuing three (3) year period.
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Samples: Lease Agreement (Corporate Property Associates 14 Inc)
Method of Adjustment for CPI Adjustment. (ai) As of each Expansion Basic Rent Adjustment Date when the average CPI determined in clause (iA) below exceeds the Beginning CPI (as defined in this Paragraph 6(a(d)(i)), the Expansion Basic Rent in effect immediately prior to the applicable Expansion Basic Rent Adjustment Date shall be multiplied by a fraction, the numerator of which shall be the difference between (iA) the average CPI for the three (3) most recent calendar months (the “"Prior Months”") ending prior to such Expansion Basic Rent Adjustment Date for which the CPI has been published on or before the forty-fifth (45th) day preceding such Expansion Basic Rent Adjustment Date and (iiB) the Beginning CPI, and the denominator of which shall be the Beginning CPI. An amount equal to the lesser of (x1) 200% of the product of such multiplication, multiplication or (y2) 125.10% of the Expansion Basic Rent in effect immediately prior to such Expansion Basic the First Rent Adjustment Date, shall be added to Date and 8.16% of the Expansion Basic Rent in effect immediately prior to such each subsequent Basic Rent Adjustment Date shall be added to the Basic Rent in effect immediately prior to the applicable Basic Rent Adjustment Date. As used herein, “"Beginning CPI” " shall mean the average CPI for the three (3) calendar months corresponding to the Prior Months, but occurring five (5) years earlierearlier for the first adjustment of Basic Rent Adjustment and two (2) years earlier for each subsequent adjustment of Basic Rent. If the average CPI determined in clause (iA) is the same or less than the Beginning CPI, the Expansion Basic Rent will be 100% of remain the Expansion Basic Rent in effect immediately prior to such Expansion Basic Rent Adjustment Datesame for the ensuing two (2) year period.
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Samples: Lease Agreement (Hologic Inc)
Method of Adjustment for CPI Adjustment. (a) As of each Expansion Basic Rent Adjustment Date when the average CPI determined in clause (i) below exceeds the Beginning CPI (as defined in this Paragraph 6(a4(a)), the Expansion Basic Rent (or portion thereof to be adjusted as specified in Paragraph 4) in effect immediately prior to the applicable Expansion Basic Rent Adjustment Date shall be multiplied by a fraction, the numerator of which shall be the difference between (i) the average CPI for the three (3) most recent calendar months (the “"Prior Months”") ending prior to such Expansion Basic Rent Adjustment Date for which the CPI has been published on or before the forty-fifth (45th) day preceding such Expansion Basic Rent Adjustment Date and (ii) the Beginning CPI, and the denominator of which shall be the Beginning CPI. An amount equal to the lesser of (xA) the product of such multiplication, multiplication or (yB) 12% $145,960 with respect to the first Basic Rent Adjustment Date and the product of the Expansion Basic Rent (or portion thereof to be adjusted as specified in Paragraph 4) in effect immediately prior to such Expansion Basic Rent Adjustment Date multiplied by 12% with respect to each succeeding Basic Rent Adjustment Date, shall be added to the Expansion Basic Rent (or portion thereof to be adjusted as specified in Paragraph 4) in effect immediately prior to such Basic Rent Adjustment Date. As used herein, “"Beginning CPI” " shall mean the average CPI for the three (3) calendar months corresponding to the Prior Months, but occurring five three (53) years earlierearlier with respect to each adjustment of Basic Rent, except that (1) with respect to the $574,428 of Basic Rent to be adjusted on the First Basic Rent Adjustment Date, "Beginning CPI" shall mean the average CPI for the three (3) calendar months corresponding to the Prior Months but occurring one (1) year earlier and (2) with respect to the adjustment on March 1, 2001 of that portion of Basic Rent described in Paragraph 1(c)(ii) of this Exhibit "D" the "Beginning CPI" shall mean the average CPI for the three (3) calendar months occurring prior to June 1, 1999. If the average CPI determined in clause (i) is the same or less than the Beginning CPI, the Expansion Basic Rent will be 100% of remain the Expansion Basic Rent in effect immediately prior to such Expansion Basic Rent Adjustment Datesame for the ensuing three (3) year period.
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Samples: Lease Agreement (Etec Systems Inc)