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(c) The extended terms will-, ,:be on the same terms,, <br /> covenants and conditions provided during ,the initial term, except <br /> there will be 'no-. further option to extend . . .after,. the second . <br /> extension, and the. monthly rent for each extension. of the term <br /> will be an amount - equal to the... monthly rent for the previous <br /> five-year period multiplied by a fraction, the numerator of which <br /> is the Consumer Price Index ( °CPI° ) most recently published at <br /> the commencement of- the- lease year in question,, . and the <br /> denominator of which is the most., recently published CPI at the <br /> commencement of the term or the commencement of the preceding <br /> extension, as the case may be. In no event will the monthly rent <br /> for any five-year period be less than the- monthly rent for the <br /> preceding five-year .period. For purposes of this Lease,, the term <br /> "lease year" means the twelve-month period following commencement <br /> of this Lease and successive twelve-month periods thereafter. . <br /> For purposes of this Lease, "Consumer Price Index" <br /> or "CPI" means the Consumer Price Index for All Urban .Consumers, <br /> Minneapolis-St. Paulo, Minnesota-Wisconsin,, All items (1967 <br /> 100) ,, as promulgated by the Bureau of Labor Statistics of the <br /> United States Department of Labor. If a substantial change is <br /> made in the method of establishing the CPI,, the CPI wil.l . be <br /> appropriately adjusted to a figure that would have resulted. had <br /> no such change occurred. If the CPI is not available,_ a reliable <br /> governmental or other non-partisan publication establishing a <br /> comparable index selected by Lessor will be used. <br /> (d) At the request of either, Lessor and Lessee will <br /> execute and deliver .appropriate documents covering extension. of <br /> the term, the new monthly rent and other terms of the Lease; <br /> during the extended term. <br /> 22. WATER. <br /> Lessee agrees to pay for all mater used in the <br /> operation of dishwashers, refrigeration- or air conditioning units <br /> used on the leased . premises at the same rates charged by the <br /> Water Department of. the . City -of St . Anthony, Minnesota. . <br /> -14- <br />