Comparison Month definition

Comparison Month. As defined in Subsection 3.1(d).

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Comparison Month means the calendar month which is two (2) months prior to the first full month of each Subsequent Year in question.

Comparison Month. May 1999 and every May thereafter.

Examples of Comparison Month in a sentence

• If no Comparison Month or Base Month shall be specified, the Comparison Month shall be three (3) months prior to the anniversary of the Rent Commencement Date for the year of the increase, and the Base Month shall be three (3) months prior to the Rent Commencement Date.

• The term "Comparison Month" shall mean the calendar month which is two (2) months prior to the first full month of each Subsequent Year in question.

• For the sixth Lease Year (i.e. commencing November 1, 2003) and each Lease Year thereafter during the Term (including any Renewal Period), the lesser of (i) 2.5% of the Rent per Square Foot for the immediately preceding Lease Year or (ii) 225% of the percentage (if any) by which (x) the CPI for the Comparison Month in the immediately preceding Lease Year exceeds (y) the CPI for the Comparison Month in 1998.

• The Minimum Annual Rental payable under Section 1.12 and this Article 7 shall be adjusted on each anniversary date of the Commencement Date of this Lease ("Adjustment Date") to reflect any increases in the cost of living in accordance with the "Index" (as defined in Section 27.21 of this Lease), using as the base month ("Base Month") the month ninety (90) days prior to the Commencement Date, and using as the comparison month ("Comparison Month") the month ninety (90) days prior to the Adjustment Date.

• The initial Base Fee shall be increased by a percentage equal to the percentage increase, if any, in the CPI published for the calendar month which is three (3) months prior to the month in which the Adjustment Date occurs (the "Comparison Month") as compared to the CPI published for the same calendar month immediately preceding the Opening Date (the "Base Month").

More Definitions of Comparison Month

Comparison Month. As defined in Subsection 3.1(d). ---------------- Condemnation, Condemnor: As defined in Section 15.1 ----------------------- Consolidated Financials: For any fiscal year or other accounting ----------------------- period for Lessee and its consolidated subsidiaries, if any, statements of earnings and retained earnings and of changes in financial position for such period and for the period from the beginning of the respective fiscal year to the end of such period and the related balance sheet as at the end of such period, together with the notes thereto, all in reasonable detail and setting forth in comparative form the corresponding figures for the corresponding period in the preceding fiscal year, and prepared in accordance with generally accepted accounting principles and audited by independent certified public accountants acceptable to Lessor in its sole discretion.

Comparison Month. The calendar month of March.

Comparison Month means Imperial's fiscal month ending September 2, 2000.

Comparison Month means the calendar month which is four months prior to the first full month of each Subsequent Year in question.

Comparison Month means the month that is two (2) months prior to the first (1st) month of the applicable Adjustment Year. The term “Base Month” shall mean the month that is fourteen (14) months prior to the first (1st) month of the applicable Adjustment Year. The “Prior Year Element Amount” shall be an amount equal to eighty-five percent (85%) of the Base Rent for the immediately prior Agreement Year.

Comparison Month means the calendar month which is two (2) months prior to the first full month of each Subsequent Year in question. On the first day of each Subsequent Year, the CPI Increase shall be calculated as follows: the Base Monthly Rental shall be increased to an amount equal to the Base Monthly Rental for the first Lease Year plus an amount equal to the product of ten (10) times the percentage increase in the Index for the Comparison Month as compared to the Index for the Base Month multiplied by Base Monthly Rental for the first Lease Year; provided, however, in no event shall Base Monthly Rental for a Subsequent Year be less than Base Monthly Rental applicable to the Prior Year. In the event the base year (1982-1984 = 100) used in computing the Index is changed, the figures used in making the adjustment above shall be changed accordingly. Likewise, if the Index is discontinued, the index increase shall be in accordance with an industry wide standard for measuring the cost of living increase and used at the time of such discontinuation acceptable to Landlord. An estimated annual rent schedule of the Base Rental Amounts, assuming an annual escalation of two and one-half percent (2-1/2 %) per year in Base Rental occurs pursuant to this Section 6, is set forth in the illustrative chart below: AMOUNT OF BASE MONTHLY AMOUNT OF RENTAL SUBJECT ANNUAL BASE BASE TO RENTAL SUBJECT MONTHLY ASSUMPTIONS TO ASSUMPTIONS RENTAL SET FORTH SET FORTH LEASE YEAR ANNUAL RATE BELOW BELOW --------------------------------------------------------------------------------- First Lease Year 06/01/03 - 08/31/03 $20.88 $ 32,016.00 $ 384,192.00 09/01/03 - 11/30/03 $20.88 $ 59,856.00 $ 718,272.00 12/01/03 - 05/31/04 $20.88 $ 87,696.00 $1,052,352.00 Second Lease Year (6/01/04-5/31/05) $21.40 $ 89,880.00 $1,078,560.00 Third Lease Year (6/01/05-5/31/06) $21.94 $ 92,148.00 $1,105,776.00 Fourth Lease Year (6/01/06-5/31/07) $22.49 $ 94,458.00 $1,133,496.00 Fifth Lease Year (6/01/07-5/31/08) $23.05 $ 96,810.00 $1,161,720.00 Sixth Lease Year (6/01/08-5/31/09) $23.63 $ 99,246.00 $1,190,952.00 Seventh Lease Year (6/01/09-5/31/10) $24.22 $ 101,724.00 $1,220,688.00 Eighth Lease Year (6/01/10-5/31/11) $24.83 $ 104,286.00 $1,251,432.00 Ninth Lease Year (6/01/11-5/31/12) $25.45 $ 106,890.00 $1,282,680.00 Tenth Lease Year (6/01/12-5/31/12) $26.09 $ 109,578.00 $1,314,936.00 The foregoing reflects that the Premises were completed and occupied in the sequence of first floor, 18,400 square feet; second floor, 16,...

Comparison Month means the month of December of 2012 and the month of December of every subsequent year of the Initial Term of this Lease, including the Extension Term if exercised.