2018-12-02-R (2) - Laserfiche WebLink

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•_•fit;^:. .:..`_•;�r: .1 I renewal term shall be determined by reference to the change in the United States Department of Labor Consumer Price Index, All Items, Urban Consumers applicable to the Little Rock, Arkansas, region (the "CPI") from the time of execution of this lease until the end of the first term of this lease, but in no event shall the initial rent for the first renewal term be decreased nor shall it exceed $200.00 per month. The rental for each additional term shall be determined in the same manner, referencing the change in the CPI from the beginning of the preceding term and the end of the preceding term. In the event that the computation of the adjusted monthly rent is delayed because the CPI has not yet been released or for any other reason, said computation shall be made as soon as reasonably possible thereafter, and once said computation is completed, LESSEE shall make payments of the adjusted monthly rent retroactive to the Renewal Date of the applicable year. If the CPI is changed from the current base year (i.e., 1967 = 100), the CPI shall be converted in accordance with the conversion factor published by the U. S. Department of Labor. If the CPI is discontinued or revised during the term, such other government index or computation with which it is replaced shall be used in order to obtain substantially the same result. 11. Upon the termination of this Lease Agreement, the LESSEE agrees to immediately surrender possession of the demised premises to the LESSOR, and LESSOR shall not be guilty of trespass nor in any way liable to LESSEE for retaking possession of the demised premises in such event. 5 Book 2019 Page 59