Common use of Basic Rental Clause in Contracts

Basic Rental. Tenant shall pay annual Basic Rental at the rates provided below in equal monthly installments, in advance, with the first installment due on the Commencement Date, and subsequent installments due on the first day of each and every month thereafter, at the corporate mailing address of Landlord, ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ or at such other places as Landlord may designate in writing. Said basic rental is subject to increase based upon the fluctuation of the Consumer Price Index as set forth hereinafter. Such annual Basic Rental shall be fixed for the first year of the Sub-Lease term, but shall be adjusted annually thereafter for the remainder of the Sublease term. Said adjustment for the first year shall be effective beginning on the first anniversary of the Commencement Date, with an adjustment for each succeeding year of the Sub-Lease term being made on each succeeding anniversary of the Commencement Date. The adjustments shall reflect and compensate Landlord annually for decreases in the purchasing power of money, if any, as measured by the current Consumer Price Index as more specifically described below. In no event will the rental be less than that of the preceding year. A detailed formula of the annual adjustment of rent as aforesaid is specifically set out hereinafter:

Basic Rental. Tenant shall pay annual Basic Rental at the rates provided below in equal monthly installments, in advance, with the first installment due on the Commencement Date, and subsequent installments due on the first day of each and every month thereafter, at the corporate mailing address of Landlord, ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ or at such other places as Landlord may designate in writing. Said basic rental is subject to increase based upon the fluctuation of the Consumer Price Index as set forth hereinafter. Such annual Basic Rental shall be fixed for the first year of the Sub-Lease term, but shall be adjusted annually thereafter for the remainder of the Sublease Sub-Lease term. Said adjustment for the first year shall be effective beginning on the first anniversary of the Commencement Date, with an adjustment for each succeeding year of the Sub-Lease term being made on each succeeding anniversary of the Commencement Date. The adjustments shall reflect and compensate Landlord annually for decreases in the purchasing power of money, if any, as measured by the current Consumer Price Index as more specifically described below. In no event will the rental be less than that of the preceding year. A detailed formula of the annual adjustment of rent as aforesaid is specifically set out hereinafter: