Common use of City Average Clause in Contracts

City Average. All Urban Consumers for All Items (1982-1984=100) published by the United States Department of Labor, Bureau of Labor Statistics for the month immediately prior to the Rent Adjustment Date over the Index published for such month in the immediately preceding year, but no more than 3%. Jd / P.S. --------------------- initials / initials

Appears in 2 contracts

Sources: Lease With an Option to Purchase (New York Restaurant Group Inc), Lease With an Option to Purchase (Smith & Wollensky Restaurant Group Inc)