Common use of Rental Adjustments Clause in Contracts

Rental Adjustments. The Rent shall be adjusted on the first day of the thirteent (13'h) month following the calendar month in which the Rent Commencement Date occurs (the “Anniversary Dxxx”) and on the first day of each and every Anniversary Date thereafter for the term of the Lease, plus any option periods, in accordance with the Consumer Price Index for All Urban Consumers (the “CPI-U”) as published by the Bureau of Labor Statistics, Washington, D.C. On the First Anniversary Date thereafter, the Rent shall be adjusted to equal the Current Rent then payable, plus the increased amount in accordance with the CPI-U adjustment for the preceding year. In no case, however, shall the Rent be decreased by any decrease in the CPI-U. Following each Anniversary Date, the adjusted Rent shall be due and payable for each and every month of the adjustment period commencing with the respective Anniversary Date.h

Appears in 1 contract

Samples: Lease Agreement (Planet 13 Holdings Inc.)

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Rental Adjustments. The Rent shall be adjusted on the first day of the thirteent thirteenth (13'h13th) month following the calendar month in which the Rent Commencement Date occurs (the “Anniversary Dxxx”) and on the first day of each and every Anniversary Date thereafter for the term of the Lease, plus any option periods, in accordance with the Consumer Price Index for All Urban Consumers (the “CPI-U”) as published by the Bureau of Labor Statistics, Washington, D.C. On the First Anniversary Date thereafter, the Rent shall be adjusted to equal the Current Rent then payable, plus the increased amount in accordance with the CPI-U adjustment for the preceding year. In no case, however, shall the Rent be decreased by any decrease in the CPI-U. Following each Anniversary Date, the adjusted Rent shall be due and payable for each and every month of the adjustment period commencing with the respective Anniversary Date.hDate.

Appears in 1 contract

Samples: Lease Agreement (Planet 13 Holdings Inc.)

Rental Adjustments. The Rent shall be adjusted on the first day of the thirteent thirteenth (13'h13th) month following the calendar month in which the Rent Commencement Date occurs (the “Anniversary DxxxXxxx”) and on the first day of each and every Anniversary Date thereafter for the term of the Lease, plus any option periods, in accordance with the Consumer Price Index for All Urban Consumers (the “CPI-U”) as published by the Bureau of Labor Statistics, Washington, D.C. On the First Anniversary Date thereafter, the Rent shall be adjusted to equal the Current Rent then payable, plus the increased amount in accordance with the CPI-U adjustment for the preceding year. In no case, however, shall the Rent be decreased by any decrease in the CPI-CPI- U. Following each Anniversary Date, the adjusted Rent shall be due and payable for each and every month of the adjustment period commencing with the respective Anniversary Date.hDate. As amended and restated:

Appears in 1 contract

Samples: Lease Agreement

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Rental Adjustments. The Rent shall be adjusted on the first day of the thirteent thirteenth (13'h13th) month following the calendar month in which the Rent Commencement Date occurs (the “Anniversary Dxxx”) and on the first day of each and every Anniversary Date thereafter for the term of the Lease, plus any option periods, in accordance with the Consumer Price Index for All Urban Consumers (the “CPI-U”) as published by the Bureau of Labor Statistics, Washington, D.C. On the First Anniversary Date thereafter, the Rent shall be adjusted to equal the Current Rent then payable, plus the increased amount in accordance with the CPI-U adjustment for the preceding year. In no case, however, shall the Rent be decreased by any decrease in the CPI-U. Following each Anniversary Date, the adjusted Rent shall be due and payable for each and every month of the adjustment period commencing with the respective Anniversary Date.hDate. As amended and restated:

Appears in 1 contract

Samples: Lease Agreement (Planet 13 Holdings Inc.)

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