In 1975 the parties' predecessors executed a lease that provided for adjustments to rent based upon the "minimum regular hourly wage rate" paid to porters in the building under a collective bargaining agreement. In 1996 a new collective bargaining agreement became effective under which newly hired porters were to be paid a wage for 30 months at 80% of the rate applicable to present employees. We reject the tenant's claim that this new, lower rate for new hires became the...
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