Common use of YEAR OPTION Clause in Contracts

YEAR OPTION. (2) The beginning monthly Base Rent under this Lease shall be $ which shall remain in effect until the first anniversary date (or rent adjustment date) which is January 1st of each calendar year. Each anniversary date, then current monthly Base Rent shall be adjusted based upon 100% of the annual increase in the Consumer Price Index (CPI) for the Los Angeles- Riverside- Orange County ▇▇▇▇ ▇▇▇▇ (▇▇▇▇-▇▇▇▇ = 100), utilizing the "All Urban Consumers" index as of the most recent month available at the time of the giving notice of the increase to Tenant. In no event shall the CPI rent adjustment under this paragraph be less than six and one-half (6.5) percent per month of the then last charged monthly Base rent. In the event that the CPI index is discontinued or revised, another governmental index then in existence shall be selected by Owner and used to obtain substantially the same result as if the CPI index had not been discontinued or revised

YEAR OPTION. (2) The beginning monthly Base Rent under this Lease shall be $ which shall remain in effect until the first anniversary date (or rent adjustment date) which is January 1st of each calendar year. Each anniversary date, then current monthly Base Rent shall be adjusted based upon 100% of the annual increase in the Consumer Price Index (CPI) for the Los Angeles- Riverside- Orange County ▇▇▇▇ ▇▇▇▇ (▇▇▇▇-▇▇▇▇ = 100), utilizing the "All Urban Consumers" index as of the most recent month available at the time of the giving notice of the increase to Tenant. In no event shall the CPI rent adjustment under this paragraph be less than six and one-half (6.56) percent per month of the then last charged monthly Base rent. In the event that the CPI index is discontinued or revised, another governmental index then in existence shall be selected by Owner and used to obtain substantially the same result as if the CPI index had not been discontinued or revised