Common use of Determination of Adjustment Amount Clause in Contracts

Determination of Adjustment Amount. The Minimum Annual Rent shall be adjusted during the Renewal Term as follows: The base for computing the adjustment shall be the Consumer Price Index for the Washington DC metropolitan area consumers for the United States, published by the United States Department of Labor, Bureau of Labor Statistics, which is in effect on the Commencement Date (hereinafter referred to in this Section 6 as “Initial Term Index”). The Index published for the March most immediately preceding the adjustment date in question (hereinafter referred to in this Section 6 as “Extension Index”) shall be the amount of the adjustment.

Appears in 1 contract

Sources: Airport Lease Agreement

Determination of Adjustment Amount. The Minimum Annual Rent shall be adjusted during the Renewal Term as follows: The base for computing the adjustment shall be the Consumer Price Index for the Washington DC metropolitan area consumers for the United States, published pub- lished by the United States Department of Labor, Bureau of Labor Statistics, which is in effect on the Commencement Date (hereinafter referred to in this Section 6 as “Initial Term Index”). The Index published for the March most immediately preceding the adjustment date in question (hereinafter referred to in this Section 6 as “Extension Index”) shall be the amount of the adjustmentad- justment.

Appears in 1 contract

Sources: Airport Lease Agreement