Common use of Adjustments in Rent Clause in Contracts

Adjustments in Rent. On each date specified in the Basic License Information for the adjustment of Rent (an "Adjustment Date") during the Term, the Rent payable by Licensee under Section 4.1 (Rent) above shall be adjusted by an amount not less than three percent or according to the Consumer Price Index (as set out below), whichever is greater. The Consumer Price Index Urban Wage Earners and Clerical Workers (base years 1982-1984 = 100) for San Francisco-Oakland-San Xxxx area published by the United States Department of Labor, Bureau of Labor Statistics (the "Index"), which is published most immediately preceding the Adjustment Date (the "Adjustment Index"), shall be compared with the Index published most immediately preceding the Commencement Date in the case of the first Adjustment Date or, in the case of any subsequent Adjustment Date, the Adjustment Index for the previous Adjustment Date (the "Base Index"). If the Adjustment Index has increased over the Base Index, then the Rent payable on and after the Adjustment Date shall be set by multiplying the Rent by a fraction, the numerator of which is the Adjustment Index and the denominator of which is the Base Index. If the Index is changed so that the base year differs from that used as of the date most immediately preceding the Commencement Date, the Index shall be converted in accordance with the conversion factor published by the United States Department of Labor, Bureau of Labor Statistics. If the Index is discontinued or revised during the Term, such other government index or computation with which it is replaced shall be used in order to obtain substantially the same result as would be obtained if the Index had not been discontinued or revised.