Base Rent Escalation Sample Clauses

Base Rent Escalation. The revised Base Rent figure set forth in Paragraph 4 above incorporates cumulative CPI Charges from the Commencement Date through the anticipated Expansion Commencement Date of September 1, 2004 (in the event the Expansion Commencement Date is different, the parties will reflect the revised Base Rent amount in a letter agreement or Lease amendment). As a result, the parties agree to reset CPI Charges and the calculation thereof as of the Expansion Commencement Date. Specifically, as of the Expansion Commencement Date, Section 3(B) of the Lease is hereby modified by deleting the words “Commencement Date” each time they appear and substituting therefor the words “Expansion Commencement Date.”

Base Rent Escalation. The Base Rental payable under this Lease -------------------- Agreement shall be adjusted on each anniversary of the commencement date of this Lease to reflect a ___ percent increase over the amount of monthly rental payable by Tenant during the month preceding the anniversary date.

Base Rent Escalation. Commencing on the first day of November, 2005, and on the first day of each November thereafter during the Lease Term (each of such dates being herein referred to as an "Adjustment Date"), the Base Rent in effect immediately preceding the Adjustment Date shall be increased by an amount equal to the product of the Base Rent in effect immediately proceeding the Adjustment Date then at hand (which Base Rent shall be annualized if the year in which the Commencement Date occurs is a partial year, and which Base Rent shall not reflect any rental abatement or deferral) multiplied by four percent (4%). Such computation shall constitute the Base Rent, as adjusted, payable in equal monthly installments, commencing on the Adjustment Date then at hand and continuing on the first day of each month thereafter until the next Adjustment Date or the end of the Lease Term, whichever is applicable.

Base Rent Escalation. Base Rent for each Adjustment Year shall be increased during the Term, including any Renewal Term, as follows: 3.2.1 On the first Adjustment Date, the Base Rent shall be increased by an amount equal to the prior year's Base Rent multiplied by one percent (1%). Provided, however, if the Completion Date is less than twelve (12) months prior to the First Adjustment Date, then the escalator of one percent (1%) shall be prorated by the number of months beginning with the first day of the month next succeeding the Completion Date to the first Adjustment Date. For example, if the Completion Date of the prior year's Base Rent is May 15th, then the escalator of 1% will be adjusted by multiplying the escalator by 6 months divided 12 months or 50% so that the escalator for the First Adjustment Date would be one-half percent (1/2%). 3.2.2 On the second Adjustment Date, the prior year's Base Rent shall be increased by an amount equal one percent (1%) of the prior year's Base Rent. 3.2.3 Beginning with the third (3rd) Adjustment Date and for each Adjustment Date thereafter during the Term hereof, including any Renewal Terms, the prior year's Base Rent shall be increased by an amount equal to the greater of (a) an amount equal three percent (3%) of the prior year's Base Rent; or (b) the increase in the CPI over the preceding year from the immediately prior year multiplied by the prior year's Base Rent whichever is higher. 3.2.4 Increases in the Base Rent resulting from these adjustments shall be added to the Base Rent and payable during the Term on a monthly basis. In no event shall the Base Rent Escalation result in a decrease in the Base Rent.

Base Rent Escalation. The Base Rent shall escalate in accordance with the provisions of Exhibit C attached hereto.

Base Rent Escalation. On each Base Rent Adjustment Date during the Lease Term, the Base Rent then in effect shall be increased by an amount equal to the product of (a) the Base Rent in effect immediately prior to such Base Rent Adjustment Date, multiplied by (b) the percentage increase between the CPI in effect for the month preceding the previous Base Rent Adjustment Date (or, with respect to the first scheduled adjustment, the month preceding the Lease Commencement Date) and the CPI in effect for the month preceding the then current Base Rent Adjustment Date. Such adjusted Base Rent shall continue in effect as the Base Rent until the next Base Rent Adjustment Date. Notwithstanding the foregoing, in no event shall the Base Rent, as so escalated, for any Lease Year be less than one hundred percent (100%) nor more than one hundred fifteen percent (115%) of the escalated Base Rent in effect for the immediately preceding Lease Year. As used in this Lease, the term "CPI" means the Consumer Price Index for All Urban Consumers (CPI-U), U.S. City Average, all items (1982-84), as published by the United States Department of Labor, Bureau of Labor Statistics. If the CPI is changed so that a base year other than 1982-84 is used, then the CPI shall be adjusted in accordance with the conversion factor published by the Bureau of Labor Statistics. If the CPI is discontinued or revised, the CPI used for purposes of this Lease shall be adjusted or replaced by Landlord with an index or measure reasonably calculated by Landlord to measure the change in the cost of living in a manner consistent with the CPI.

Base Rent Escalation. The initial Base Rent of $8,333.34 per month as set forth in Section 3(a) above shall be adjusted as of June 1, 2000 and the Base Rent shall be adjusted annually on every June 1 thereafter during the term hereof by a percentage equal to one-half the percentage increase, if any, in the CPI-U, as defined herein for the preceding 12 month period. Notwithstanding the foregoing, no annual adjustment pursuant to the increase in the CPI-U shall exceed __% for any 12 month period. For these purposes, the Consumer Price Index is defined to be the "Consumer Price Index - All Urban Consumers -Northeast Region - Population Size Class C (50,000 - 500,000), All Items, (1982 - 1984 equal 100 hereinafter called the 'Index')", published by the Bureau of Labor Statistics, United States Department of Labor. In the event that the Department of Labor ceases to publish the CPI-U Index during the lease term or during any renewal thereof, the Landlord shall select an alternative index and shall so notify Tenant. Said alternative index shall use comparable statistics on the purchasing power of the consumer dollar, including the same or comparable region and population.

Base Rent Escalation. Notwithstanding anything contained in this Lease to the contrary, Landlord may adjust (increase or decrease) the Base Rent at any time and from time to time during the Lease Term through Council resolution. Landlord will provide Tenant no less than 30 days’ prior written notice of any Base Rent adjustment. Unless otherwise adjusted by Council resolution, commencing on the first-year anniversary of the Effective Date, during each year of the Lease Term upon the anniversary of the Effective Date, Base Rent will escalate (increase) as per the current rate schedule over Base Rent for the immediately preceding twelve-month period. Tenant will pay the Base Rent established by Landlord from time to time.

Base Rent Escalation. Effective as of the anniversary of the Commencement Date and each anniversary thereof during the term and any renewals hereof (each such date is referred to as an "Adjustment Date"), the Base Rent shall be adjusted by (a) multiplying the Base Rent for the twelve (12) months immediately preceding the Adjustment Date by a fraction, the numerator of which shall be the Index, as hereinafter defined, for the second month preceding the Adjustment Date and the denominator of which shall be the Index for the fourteenth (14th) month preceding the Adjustment Date, provided, however, that in no event shall the increase in Base Rent at any Adjustment Date be more than four percent (4%) of the Base Rent which was payable for the twelve (12) months preceding the Adjustment Date. As used herein, the term "Index" shall mean the United States Department of Labor's Bureau of Statistics, Consumer Price Index, All Urban Consumers, All Items, Detr▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇▇▇-▇▇▇▇ ▇▇▇als 100, or the successor of such index. If the publication of the CPI shall be discontinued, the parties hereto shall hereinafter accept comparable statistics of the Cost-of-Living in the City of Grand Rapids if they should be computed and published by an agency of the United States government, or by a responsible financial periodical, or a recognized authority, then to be selected by the parties hereto, or if the parties cannot agree upon a selection, then each party will accept a rent increase of four percent (4%) per year.