AUTOMATIC BASE RENT INCREASES Sample Clauses

AUTOMATIC BASE RENT INCREASES. In addition to any Additional Monthly Rent owed or to be owed by Lessee under the provisions of Article 6.1 through Article 6.3, the Base Rental (as defined in Article 3.1) shall be adjusted upward or downward as provided below in this Article 6.4, provided that in no event shall the Base Rental be reduced below the initial Base Rental specified in Article 3.1. Effective as of each anniversary dale of the commencement of this Lease, the Base Rental shall be adju▇▇▇▇ for the next succeeding twelve (12)-month period in an amount equal to the percentage change in the Revised Consumer Price Index for Urban Wage Earners and Clerical Workers (1967 = 100) (hereinafter called the "INDEX") published by the Bureau of Labor Statistics of the United States Department of Labor, for the Relevant Market specified in Item 6(f) of the Basic Lease Provisions (or for the state in which the Relevant Market is located, if no Index is published for the Relevant Market specified) from the closest date of publication of the Index prior to the effective date of such adjustment. Lessor shall furnish Lessee a written statement at least fifteen (15) days prior to the effectiveness of such adjustment, wherein the adjusted Base Rental and the calculations used to determine the amount of adjustment shall be set forth. As adjusted, the Base Rental shall be the Base Rental for purposes of Article 3.1, until the effective date of the next such annual adjustment, and as used in this Lease, the term "Base Rental" shall mean and refer to the Base Rental specified in Article 3.1, as adjusted by the provisions of this Article 6.