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Book 2065 Page 0531 <br /> The County shall have the right and privilege of extending <br /> the lease for ten (10) additional consecutive five-year terms <br /> provided that notice of the exercise of each such option is <br /> given in writing to the Owner not later than ninety (90) days <br /> prior to the date of termination of the then effective lease <br /> term. Except as herein otherwise provided, all terms and <br /> covenants contained in this lease shall be in full force and <br /> effect during any extension period. <br /> This lease may be terminated by either the Owner or the <br /> County during the lease term or any renewal term effective on <br /> the 91st day following receipt of Notice from the party <br /> terminating the lease given to the other party. <br /> 5 . Guaranteed Minimum Rental . The County agrees to pay to <br /> Owner, the guaranteed rental of $200 per month payable on or <br /> before the 10th day of each calendar month commencing with the <br /> effective date of this lease agreement ("Initial Rental Rate" ) . <br /> Effective on the first day of each Lease Year after the first <br /> Lease Year ("Adjustment Date" ) , the Guaranteed Minimum Rental <br /> shall be increased by the amount determined by multiplying the <br /> Initial Rental Rate by that percentage which represents any cost <br /> of living increase between the effective date of this lease and <br /> the Adjustment Date . The percentage increase shall be determined <br /> by utilizing the applicable indices determined by the United <br /> States Bureau of Labor Statistics (or its successor <br /> 4 <br />