Common use of Increases in Base Rent Clause in Contracts

Increases in Base Rent. 4.1 - The Base Rent payable under-Section 3.1 hereof is based upon-the Revised Consumer Price Index for the United States, All Urban-Consumers: All items (1982 1984 = 100) (“Consumer Price Index”) published by the Bureau of Labor Statistics, United-States Department-of-Labor. The base index (“Base Index”)-for-this Lease is hereby stipulated-to-be the Consumer Price Index for the month in which the Lease-Term commences, or if no such index is published-for said month, then the Base-Index shall-be the Consumer-Price Index-for the month which is nearest, but-prior to, the Commencement Date. — On each anniversary of the Commencement-Date during the-Lease-Term, the Base-Rent shall be adjusted so that it-shall-be equal-to the product-of (a) a fraction, the numerator-of-which is the Consumer Price Index-for the month in question,-and the denominator of which is the Base Index, multiplied by (b) the Base Rent specified-in Section 1.8 hereof prior-to-any adjustment provided; however, the Base Rent shall not be less than the amount-of-Base-Rent-due on the immediately prior anniversary of the Commencement Date (or the Commencement Date itself, -if applicable). — If the index for any anniversary in question is not published as of the effective date of adjustment,-then Tenant shall continue to pay the existing Base Rent-due from Tenant until the index necessary to perform the calculations described herein is published and Landlord is able to calculate the revised amount of Base Rent due from Tenant, or, in the-alternative, at Landlord’s-option,-Landlord-shall provide such comparable-period for adjustment-purposes, using the Consumer Price Index which is nearest, but prior to, the adjustment date in-question and the Commencement Date. Upon the submission of such calculation-from Landlord, Tenant-shall thereafter pay the adjusted Base Rent. Tenant shall-also-pay within thirty-(30) days after such calculation the-difference between what- Tenant has paid in Base Rent for the year in question and what Tenant would have paid, had the-adjustment in-question been made and Base Rent at the adjusted rate paid-as-of January 1 of said year.