RENT ESCALATIONS. At the beginning of each Lease Year commencing after the first Lease Year, the Fixed Rent for such Lease Year shall be increased by an amount equal to two percent (2%) of the Fixed Rent in effect at the end of the immediately preceding Lease Year, after giving effect to any adjustment to such Fixed Rent required under Section 3.1.1.
RENT ESCALATIONS. At the beginning of the second Lease Year and at the beginning of each Lease Year thereafter, throughout the Term, the Base Rent then in effect shall be increased by three percent (3%) of the previous Lease Year’s Base Rent, it being the intent hereof that all increases set forth herein shall be compounded.
RENT ESCALATIONS. 4.1 The BASE MONTHLY RENT shall be escalated as of the first annual anniversary date of the commencement of this Lease, and on each annual anniversary date thereafter. The escalated rent shall be determined by increasing the BASE MONTHLY RENT by the percentage increase, if any, in the "Consumer Price Index." The base month for determining the increase in the Consumer Price Index shall be the month two months prior to that in which the term of this Lease commences. The comparison month shall be the month two months prior to each annual anniversary date.
4.2 As used herein, the "Consumer Price Index" shall mean the "All Items" index in the "Consumer Price Index for all Urban Consumers: U.S. City average by expenditure category and commodity or service group (1982-84 = 100)," as published by the U.S. Department of labor, Bureau of Labor Statistics.
RENT ESCALATIONS. On each anniversary date of the renewal term, the monthly rental payment shall be increased by $106.00. Lessor's failure and/or inadvertence to request a payment of an estimated or actual rent adjustment shall not constitute as a waiver or an estoppel of Lessor's right to demand any adjustment (including retroactive payments, if applicable) provided for in the Lease Agreement or this Addendum.
RENT ESCALATIONS. A. On the first day of the 37th month of the Lease Term (and on the first day of respective Option Term and on the first day of the 37th month of each Option Term, as described in Paragraph 10 below) the monthly Base Rent payable under Paragraph 4.1 of the printed portion of the Lease for all space then under the Lease shall be adjusted by the increase, if any, from the date this Lease commenced, in the Consumer Price Index of the Bureau of Labor Statistics of the U.S. Department of labor for Urban Wage Earners and Clerical Workers, Denver-Boulder, Colorado (1982-84=100), "All Items", herein referred to as the "C.P.I."
B. The revised monthly Base Rent shall be calculated as follows: (i) as to the originally demised portion of the Premises, the Base Rent payable for the first month of the term of this Lease, as set forth in Paragraph 4.1 of the printed portion of the Lease; (ii) as to each Option Term, the monthly Base Rent for the first month (or 37th month, as the case may be) of each Option Term; and (iii) as to the RFO, Expansion I or II Space, the market rate Base Rent payable the first month such space becomes part of the Premises, shall be multiplied by a fraction the numerator of which shall be the C.P.I. of the calendar month during which the adjustment is to take effect, and the denominator of which shall be the C.P.I.
(a) as to (i) above for the calendar month in which the original Lease term commenced; (b) as to (ii) above, each Option Term, for the calendar month the Option Term commenced (or the first month the Base Rent was previously adjusted, as the case may be); or (c) as to (iii) above, the RFO, Expansion I or II Space, the market rate Base Rent payable the first month such space becomes part of the Premises. The sum so calculated shall constitute the new monthly Base Rent hereunder, but in no event shall such new monthly Base Rent be less than the Base Rent payable for the month immediately preceding the date for rent adjustment. The Base Rent to be recalculated on the adjustment date which is on the first day of the thirty-seventh (37th) month of the Primary Lease Term and on the first (lst) day of the First Option Term shall not be increased by less than two and one-half percent (2 1/2%) nor more than three and one-half percent (3 1/2%) compounded annually for each Lease Year that had elapsed from the commencement date of the Primary Lease Term or previous adjustment date (or as to the first adjustment for the RFO, Expansion I or II Sp...
RENT ESCALATIONS. (a) On January 1, 1988 the monthly rent payable under paragraph 4 of the attached Lease shall be adjusted by the increase, if any, from the date this Lease commenced, in the Consumer Price Index of the Bureau of Labor Statistics of the U.S. Department of Labor for Urban Wage Earners and Clerical Workers, Los Angeles-Long Beach-Anaheim, California (1967=100), "All Items", herein referred to as "C.P.I."
(b) The monthly rent payable in accordance with paragraph (a) of this Addendum shall be calculated as follows: the rent payable for the first month of the term of this Lease, as set forth in paragraph 4 of the attached Lease, shall be multiplied by a fraction the numerator of which shall be the C.P.I. of the calendar month during which the adjustment is to take effect, and the denominator of which shall be the C.P.I. for the calendar month in which the original Lease term commences. The sum so calculated shall constitute the new monthly rent hereunder, but in no event, shall such new monthly rent be less than the rent payable for the month immediately preceding the date for rent adjustment.
(c) Pending receipt of the required C.P.I. and determination of the actual adjustment, Lessee shall pay an estimated adjusted rental, as reasonably determined by Lessor by reference to the then available C.P.I. information. Upon notification of the actual adjustment after publication of the required C.P.I., any overpayment shall be credited against the next installment of rent due, and any underpayment shall be immediately due and payable by Lessee. Lessor's failure to request payment of an estimated or actual rent adjustment shall not constitute a waiver of the right to any adjustment provided for in the Lease or this addendum.
(d) In the event the compilation and/or publication of the C.P.I. shall be transferred to any other governmental department or bureau or agency or shall be discontinued, then the index most nearly the same as the C.P.I. shall be used to make such calculation. In the event that Lessor and Lessee cannot agree on such alternative index, then the matter shall be submitted for decision to the American Arbitration Association in accordance with the then rules of said association and the decision of the arbitrators shall be binding upon the parties. The cost of said Arbitrators shall be paid equally by Lessor and Lessee.
RENT ESCALATIONS. (a) Commencing July 1, 2024, and on every July 1 thereafter during the Lease Term (each a “Rent Adjustment Date”), the Rent for each Rent Adjustment Period (as defined below) shall be calculated as follows: the Rent payable for the last month of the immediately prior Rent Adjustment Period shall be multiplied by a fraction, the numerator of which shall be the Rent payable for the month of May in the Lease Year containing the applicable Rent Adjustment Date, and the denominator of which shall be the CPI reported for the month of May of the Lease Year immediately prior to the Lease Year containing the Rent Adjustment Date. For example, in calculating the Rent applicable to the Rent Adjustment Period commencing on July 1, 2024, the sum of
RENT ESCALATIONS. Commencing on October 1, 2021, and on the anniversary of that date each year thereafter, the Annual Rent shall increase by an amount equal to three percent (3%) of the Annual Rent in effect for the immediately preceding year. Such rent escalations shall replace and be in lieu of any rent escalations scheduled to occur pursuant to this Lease on or after October 1, 2021.
RENT ESCALATIONS. The Base Rent shall increase by 2.5% upon each anniversary of the Commencement Date (as hereinafter defined).
RENT ESCALATIONS. (a) On August 1, 1989, only the monthly rent payable under paragraph 4 of the attached Lease shall be adjusted by the increase, if any, from the date this Lease commenced, in the Consumer Price Index of the Bureau of Labor Statistics of the U.S. Department of Labor for Urban Wage Earners and Clerical Workers, Los Angeles-Long Beach-Anaheim, California (1967=100). "All Items", herein referred to as "C.P.I."
