Common use of Minimum Base Rent Clause in Contracts

Minimum Base Rent. Term: Five years -------------------------------------------------------------------------------- Period Monthly Annual Per Square Foot -------------------------------------------------------------------------------- Year 1 July 00-April 01 $5,133.33 $61,600 $22.00 -------------------------------------------------------------------------------- Years May 1, 2001 CPI annually 2-5 through with a minimum April 30, 2005 of three (3) percent. -------------------------------------------------------------------------------- p) 1) Date of Annual Adjustment: May 1, beginning May 1, 2001 2) Current Index Number: Month: March 2001 3) Base Index Number: Month and Years: March 2000 4) Cap: % not applicable