Common use of Increases in Base Rent Clause in Contracts

Increases in Base Rent. The Base Rent shall be increased annually as of the anniversary of the Rent Commencement Date, by an amount equal to the greater of (i) percent or (ii) the annual difference calculated as a percentage in the Consumer Price Index for Urban Consumers for the Boston-Brockton-Nashua Area (or successor index published by the Bureau of Labor Statistics) (“CPI-U”) over the same CPI-U in effect as of the commencement of the immediately prior year.

Appears in 2 contracts

Sources: Ground Lease, Ground Lease

Increases in Base Rent. The Base Rent shall be increased base rent will increase annually as on the anniversary date of the anniversary lease by the lessor of the Rent Commencement Date, by an amount equal to the greater of two (i2.00) percent or (ii) the annual difference calculated as a percentage increase in the Consumer Price Index for the greater San Francisco area for all Urban Consumers (CPI-U) as published for the Boston-Brockton-Nashua Area (or successor index published that year by the U.S. Department of Labor Bureau of Labor Statistics) (“CPI-U”) over the same CPI-U in effect as of the commencement of the immediately prior year; whichever is less.

Appears in 1 contract

Sources: Sublease Agreement

Increases in Base Rent. The Base Rent shall be increased annually as of January 1 for each lease year beginning with the anniversary of the Rent Commencement Datefirst increase on January 1, 2020, by an amount equal to the greater of (i) percent or (ii) the annual difference calculated as a percentage in the Consumer Price Index for Urban Consumers for the Boston-Brockton-Nashua Area (or successor index published by the Bureau of Labor Statistics) (“CPI-U”) over the same CPI-U in effect as of the commencement of the immediately prior lease year.

Appears in 1 contract

Sources: Ground Lease