Actual Inflation Clause Samples

The 'Actual Inflation' clause defines how inflation is measured and applied within the context of an agreement. Typically, it specifies the relevant inflation index (such as the Consumer Price Index) and the method for calculating changes over a set period, which may affect payment adjustments, price escalations, or other financial terms. By establishing a clear and objective standard for measuring inflation, this clause ensures that contractual amounts remain fair and reflective of real economic conditions, thereby protecting both parties from unexpected changes in purchasing power.
Actual Inflation. IBM will calculate the ECA by comparing the change in the year-to-year CPI-U with the CPI-U for December 1999 (the BASE YEAR INDEX). For each calendar year of the Term, the actual CPI-U for December before the year for which the ECA is being calculated (ACTUAL INFLATION) will be compared to the Base Year Index in Section A-1 (for example, the December 2000 CPI-U will be used to determine the ECA for the year 2001). If Actual Inflation is equal to or less than the Base Year Index, then no ECA is due. If, however, Actual Inflation is greater than the Base Year Index, then IBM will apply the ECA to the Fixed and Variable Fees due IBM for the year for which IBM is calculating the ECA.
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Actual Inflation. ISSC will calculate the COLA by comparing the change in the year-to-year CPI-U with the CPI-U for the December preceding the Amended Commencement Date, (the "Base Year Index"). For each year of the Term, the actual CPI-U for the December prior to the year for which COLA is being calculated, (the "Actual Inflation"), is compared to the Base Year Index set forth in the Supplement. If the Actual Inflation is equal to or less than the Base Year Index, then no COLA is due. However, if the Actual Inflation is greater than the Base Year Index, then COLA will be applied to the Annual Services Charge and other expenses due ISSC. For example purposes, we will assume that the actual CPI-Us for December of each of the first few years are: Base 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 Year CPI-U 149.70 154.00 151.00 163.50 168.80
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Actual Inflation. During the Term, Winning Supplier will calculate the ECA by determining the applicable Price Index(es), and comparing the change in each applicable year-to-year Price Index with its applicable Price Index for the December before Winning Supplier’s proposal date (November 10, 2022) (the Base Year Index). For each 12-month period of the Term, the actual applicable Price Index for the December before the year for which the ECA is being calculated (Actual Inflation) will be compared to its Base Year Index (for example, the December 2022 Price Index will be used to determine the ECA for the year 2023). For each Price Index, if Actual Inflation is equal to or less than its Base Year Index, then no ECA is calculated for that Price Index and it is excluded from the calculation of the ECA. If Actual Inflation is greater than the Base Year Index, then Winning Supplier will include the local ECA in the overall ECA to the Charges for the year for which Winning Supplier is calculating the ECA.
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Actual Inflation. Supplier will calculate the ECA by comparing the change in the year-to-year CPI-U with the CPI-U for December before the Effective Date (the "BASE YEAR INDEX"). For each calendar year of the Term, the actual CPI-U for December before the year for which the ECA is being calculated ("ACTUAL INFLATION") will be compared to the Base Year Index in Exhibit C-1 (for example, the December 2002 CPI-U will be used to determine the ECA for the year 2003). If Actual Inflation is equal to or less than the Base Year Index, then no ECA is due. If, however, Actual Inflation is greater than the Base Year Index, then Supplier will apply the ECA to the Fees (other than Asset Charges) and ARCs less RRCs due Supplier for the year for which Supplier is calculating the ECA.
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Actual Inflation. IBM will calculate the ECA by [***] (the Base Year Index). For each calendar year of the Term, the [***]
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Actual Inflation. Supplier shall calculate the [...***...] by comparing the change in the year-to-year [...***...] with the [...***...] for the year before the Effective Date (the "BASE YEAR INDEX"). For each calendar year of the Term, the actual [...***...] for the year before the year for which the [...***...] is being calculated ("ACTUAL INFLATION") shall be compared to the Base Year Index (for example, the [...***...] for 2002 shall be used to determine the [...***...] for the year 2003). If Actual Inflation is equal to or less than the Base Year Index, then no [...***...]
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Related to Actual Inflation

  • Annual Information The Company will deliver to the Holder as soon as available and in any event within 90 days after the end of each fiscal year of the Company, one copy of an audited consolidated balance sheet of the Company and its subsidiaries as at the end of such year, and audited consolidated statements of income, retained earnings and cash flow of the Company and its subsidiaries for such year; setting forth in each case in comparative form the figures for the corresponding periods in the previous fiscal year; all prepared in accordance with GAAP, and which audited financial statements shall be accompanied by an opinion thereon of the independent certified public accountants regularly retained by the Company, or any other firm of independent certified public accountants of recognized national standing selected by the Company; provided, however, that the Company shall have no obligation to deliver such annual information under this Section 13.2 to the extent it is publicly available; and provided further, that if such information contains material non-public information, the Company shall so notify the Holder prior to delivery thereof and the Holder shall have the right to refuse delivery of such information.

  • Annual Tax Information The Managers shall cause the Company to deliver to the Member all information necessary for the preparation of the Member’s federal income tax return.

  • If You Fail to Sign Lease After Approval Unless we authorize otherwise in writing, you and all co-applicants must execute the Lease after your Application is approved. If you or any co-applicant fails to sign as required, we may keep the application deposit as liquidated damages and terminate all further obligation to each other.

  • Tax Examinations Abroad 1. A Contracting Party may allow representatives of the competent authority of the other Contracting Party to enter the territory of the first-mentioned Party to interview individuals and examine records with the written consent of the persons concerned. The competent authority of the second-mentioned Party shall notify the competent authority of the first-mentioned Party of the time and place of the meeting with the individuals concerned. 2. At the request of the competent authority of one Contracting Party, the competent authority of the other Contracting Party may allow representatives of the competent authority of the first-mentioned Party to be present at the appropriate part of a tax examination in the second-mentioned Party. 3. If the request referred to in paragraph 2 is acceded to, the competent authority of the Contracting Party conducting the examination shall, as soon as possible, notify the competent authority of the other Party about the time and place of the examination, the authority or official designated to carry out the examination and the procedures and conditions required by the first-mentioned Party for the conduct of the examination. All decisions with respect to the conduct of the tax examination shall be made by the Party conducting the examination.

  • Cost Estimates If this Agreement pertains to the design of a public works project, CONSULTANT shall submit estimates of probable construction costs at each phase of design submittal. If the total estimated construction cost at any submittal exceeds the CITY’s stated construction budget by ten percent (10%) or more, CONSULTANT shall make recommendations to CITY for aligning the Project design with the budget, incorporate CITY approved recommendations, and revise the design to meet the Project budget, at no additional cost to CITY.