Rental Adjustments Commencing. every July 1, the Basic Rental shall be subject to annual increase (“Annual Increase”) based upon the Consumer Price Index (“CPI”) for Los Angeles-Riverside-Orange County in an amount equal to the change in said CPI for the proceeding February – January twelve (12) month period. Under no circumstances will the monthly Basic Rental be decreased even if the CPI change shows a decrease in affected fiscal period.
Appears in 6 contracts
Samples: Hangar Lease Agreement, Light Aircraft Cover Lease Agreement, Hangar Lease Agreement
