COST OF LIVING ADJUSTMENTS TO BASE RENT. The Base Rent payable pursuant to Paragraph 4.1 shall be subject to further adjustment as of lease anniversary date, and as of the same date each year thereafter during the initial lease term and any extension period. Said date is hereinafter referred to as the "Adjustment Date." The adjustment shall be made as follows: The Base Rent for the Premises shall be adjusted by the same percentage as the change, if any, in the Consumer Price Index (All Items for All Urban Consumers 1982-84=100 Base), of the United States Department of Labor, Bureau of Labor Statistics for Los Angeles-Anaheim-Riverside, CA (the "Index"). The adjustment shall be calculated according to the following formula: X = A x B - C X = Adjusted rent A = Base Rent as of the first month of the term then in effect. B = The monthly index for the third month immediately preceding the Adjustment Date.
COST OF LIVING ADJUSTMENTS TO BASE RENT. The Base Rent payable pursuant to Paragraph 4.1 shall be subject to further adjustment as of lease anniversary date, and as of the same date each year thereafter during the initial lease term and any extension period. Said date is hereinafter referred to as the “Adjustment Date.” The adjustment shall be made as follows: The Base Rent for the Premises shall be adjusted by the same percentage as the change, if any, in the Consumer Price Index (All Items for all Urban Consumers 1982-84=100 Base), of the United States Department of Labor, Bureau of Labor Statistics for Los Angeles-Anaheim-Riverside, CA (the “Index”). The adjustment shall be calculated according to the following formula: X = A x B/C X = Adjusted rent A = Base Rent as of the first month of the term then in effect. B = The monthly index for the third month immediately preceding the Adjustment Date.
COST OF LIVING ADJUSTMENTS TO BASE RENT. (a) On January 1 of each calendar year during the term of this Lease, the annual base rent payable by Tenant hereunder shall be increased (but never decreased) by an amount equal to the product of: (i) one hundred percent (100%) of the annual base rent as adjusted pursuant to this paragraph for the preceding calendar year, times (ii) the percentage change in the "index" (as hereinafter defined) between December of the preceding calendar year and December of the second preceding calendar year. Provided however that the first adjustment to base rent pursuant to this paragraph shall be reduced by a percentage equal to the number of months commencing with the commencement date of this lease and ending on December 31 of the preceding calendar year divided by twelve.
COST OF LIVING ADJUSTMENTS TO BASE RENT. (a) The Base Rent shall be adjusted for increases (but not decreases) in the cost-of-living as of the beginning of the second Lease Year and each Lease Year thereafter in the manner herein provided. Landlord shall compute the percentage increase in the cost of living for the preceding period based on the average of all West-A Cities, set forth in the Consumer Price Index for Urban Consumers for all items (1982-84=100), published by the Bureau of Labor Statistics of the United States Department of Labor, or such succeeding index (indices) as may then be in effect. The base index number shall be the index number for the first month of the preceding Lease Year. The current index number shall be the index number for the first month of Lease Year of adjustment. The current index number shall be divided by the base index number. From the quotient thereof, rounded to the nearest one-thousandth, there shall be subtracted the integer one. The resultant positive number shall be deemed to be the percentage of increase in the cost-of -living; provided that the percentage increase for any Lease Year shall not be less than three percent (311) and shall not be more than five percent (51). The percentage of increase in the cost of living multiplied by the Base Rent (as adjusted) payable during the preceding Lease Year shall be the increase required in the Base Rent. The sum of the increase required plus the Base Rent (as previously adjusted) payable for and on account of the preceding Lease Year shall be the Base Rent for the Lease Year of the adjustment.
COST OF LIVING ADJUSTMENTS TO BASE RENT. The Base Rent payable pursuant to Paragraph 4.1 shall be subject to further adjustment as of N/A, and as of the same date each year thereafter during the initial lease term and any extension period. Said date is hereinafter referred to as the “Adjustment Date.” The adjustment shall be made as follows: The Base Rent for the Premises shall be adjusted by the same percentage as the increase, if any, in the Consumer Price Index (All Items for All Urban Consumers 1982-84=100 Base), of the United States Department of Labor, Bureau of Labor Statistics for Los Angeles-Anaheim-Riverside, CA (the “Index”). The adjustment shall be calculated according to the following formula: X = A x B/C X = Adjusted rent A = Base rent as of the first month of the term then in effect. B = The monthly index for the third month immediately preceding the Adjustment Date.
COST OF LIVING ADJUSTMENTS TO BASE RENT. Base Rent for the Pier 15 Premises & License Area and the Pier 17 Premises will escalate as provided below (each, a "Cost of Living Adjustment"). Adjustments will be based on changes in the Consumer Price Index for All Urban Consumers ("CPI") most recently published before the start of the base year and each anniversary of that date, up to and including the 5-year adjustment date. Pier 15 Premises & License Area • Every 5 years, based on changes in CPI, but not less than 10% or more than 20% of Base Rent in effect in the year ending on the adjustment date Pier 17 Premises • Annually beginning January 1, 2009, a 3% fixed-rate increase until the Pier 17 Rent Credit takes effect (if ever), then Every 5 years, based on changes in CPI, but not less than 10% or more than 20% of Base Rent in effect in the year ending on the adjustment date, with the base year fixed on the month the Pier 17 Rent Credit commences Sec. Provision Terms
