BASIC RENT ADJUSTMENT Clause Samples

BASIC RENT ADJUSTMENT. The Basic Rent shall remained fixed for the initial term of the lease.

BASIC RENT ADJUSTMENT. A. Consumer Price Index. Deleted.

BASIC RENT ADJUSTMENT. Basic Rent shall be adjusted in accordance with the schedule set forth in Section 1.4 of the Lease and Exhibit D.

BASIC RENT ADJUSTMENT. It is understood and agreed that upon the exercise of the Option (see Paragraph 2 of this Lease) the Basic Rent and Additional Rent for the Premises as of the relevant Option period commencement date, the Basic Rent provided for in Paragraph 4 A of the Lease shall be analyzed to establish current fair market rate and new Basic Rent. The new Basic Rent will be at 100% of the fair market value. If it becomes necessary to determine fair market value for the Premises by appraisal, real estate appraiser(s) all of who shall be members of the American Institute of Real Estate Appraisers, and who have at least 5 years experience appraising "R&D - Flexible type" space in the vicinity of the Premises shall be appointed and shall act in accordance with the following procedure: (i) If the parties are unable to agree on the Fair Market Rent within the allowed time, either party may demand an appraisal by giving written notice to the other party, which to be effective must state the name, address, and qualifications of an appraiser selected by the notifying party demanding an appraisal (the "Notifying Party"). Within ten (10) days following the Notifying Party's Appraisal demand, the other party (the "Non-Notifying Party") shall either approve the appraiser selected by the notifying party, or select a second properly qualified appraiser by giving written notice of the name, address, and qualification of said appraiser to the Notifying Party. If the Non-Notifying party fails to select and appraiser within the ten (10) day period, the appraiser selected by the Notifying Party shall be deemed selected by both parties and no other appraiser shall be selected. If two appraisers are selected, they shall select a third appropriately qualified appraiser. If the two appraisers fail to select a third qualified appraiser, the third appraiser shall be appointed by the then presiding judge of the county where the Premises are located upon application by either party. (ii) If only one appraiser is selected, that appraiser shall notify the parties in simple letter form of its determination of the Fair Market Rent for the Premises within fifteen (15) days following his selection, which appraisal shall be conclusively determination and binding on the parties as the appraised Fair Market Rent. (iii) If multiple appraisers are selected, the appraisers shall meet not later than ten (10) days following the selection of the last appraiser. At such meeting the appraisers shall attempt to dete...

BASIC RENT ADJUSTMENT. If the Preliminary Term or Initial Term of this Lease does not commence on the first day of a calendar month or end on the last day of a calendar month, the installment of Basic Rent for the partial calendar month at the commencement or the termination of such term shall be prorated on the basis of the number of days of the term within such calendar month.

BASIC RENT ADJUSTMENT. On the first day of each calendar month described in Paragraph 1.H hereof (hereinafter referred to as an "Adjustment Date"), the Basic Rent provided for in Paragraph 4.A above shall be adjusted in accordance with the following formula based on the Consumer Price Index ("CPI") for all Urban Consumers "All Items", San Francisco-Oakland-San Jose (▇▇82-84 = 100, standard reference base) published by the Bureau of Labor Statistics, U.S. Department of Labor (the "Index") published nearest but prior to the first day of the Lease Term or the last previous Adjustment Date, as applicable (the "Beginning Index") and the Index which is published nearest but prior to the current Adjustment Date (the "Adjustment Index"). On each Adjustment Date, the Basic Rent shall be increased by an amount equal to the product obtained by multiplying the then current Basic Rent by a fraction, the numerator of which is the Adjustment Index and the denominator of which is the Beginning Index. On or about each Adjustment Date, the parties shall execute an amendment to the Lease stating the new (adjusted)

BASIC RENT ADJUSTMENT. Commencing with the second Lease Year and continuing each Lease Year thereafter for the remainder of the Term, the Basic Rent shall be increased by an amount equal to the product of the Basic Rent Adjustment multiplied by the Basic Rent paid by Tenant during the Lease Year preceding each annual increase. The Basic Rent Adjustment shall apply during the original Term and any extended or renewal term of this Lease unless otherwise expressly provided in any Attachment, or amendment to this Lease.

BASIC RENT ADJUSTMENT. Effective May 1, 1999 Article 1.6 of the Lease shall be deleted in its entirety and replaced with the following: Commencing May 1, 1999 through and including April 30, 2000 the Basic Rent for the Premises (including the Third Temporary Expansion Area) shall be Seventy-eight thousand nine hundred and five dollars ($78,905.00), per month.

BASIC RENT ADJUSTMENT. (a) On each of the CPI Dates (as defined in ARTICLE 1), the Basic Rent payable thereafter shall be increased by an amount equal to the product of (i) the CPI Factor (as defined below) multiplied by (ii) the Basic Rent payable immediately preceding such date; provided, however, that the adjustment to the Basic Rent shall only be made if the CPI Factor is a positive number. (b) The term "CPI FACTOR" shall mean the lesser of (i) one hundred percent (100%) of the percentage increase, if any, between (A) the Consumer Price Index for All Urban Consumers, All Items U. S. Cities Average (1982-84=100), published by the Bureau of Labor Statistics, United States Department of Labor (the "CPI"), for the December which (I) in the case of the first CPI Date immediately precedes the Commencement Date, (II) in the case of the second CPI Date, immediately precedes the first CPI Date, and (III) in the case of the third CPI Date, immediately precedes the second CPI Date, and (B) the CPI for the December immediately preceding the then current CPI Date, or (ii) three percent (3%) per year.